your best source for EMS news

EMSN
we . search . so . you . don't . have . to

Readers Free Services
Email delivered headlines
Webmaster Free Services
     html Newsfeed
     News Tickers
     RSS xml Feeds
     Disclaimer
Advertise on EMSN
    
Advertising Information
     Packages & Prices
Front Page
EMS News Today
America
US States Sorted News
Canadian News
World News
Ambulance Crash Log
Medevac
Criminal
Columnists

 
Curmudgeon's Corner
 
by John McMaster

 
On the Road
  EMS travels with
  John McMaster

  Insights
  by Matt Zavadsky

  EMS  A - Z Series
  by Jim Hoffman

  IC Corner
  by Lt. Timothy R. Thompson

Human Interest
Features
Special Reports
Obituaries
Bodily Assaults
Job Listings
Photos
Comments
Polls/Surveys
EMSN Broadband TV
EMSN Notices
Search EMSN
About EMSN
Contact
Submit News, Post Jobs
     Tips for submissions 
     Submission Conditions
     Submit News Here
     Job Posting Guidelines
     Post Job Here

Editor: 
Valerie DeFrance
Associate Editors:
Jeff Turkel
John McMaster
Ron Haussecker

Our news service is free and, while you may freely email our intact newsletter to individual friends or link to any page of our site, our compiled news is not, in whole or in part, to be used to cut and paste or otherwise repost to a web site, newsletter or other communication means without our explicit permission. If you wish to use our compiled news use the Newsfeed Generator , News Ticker, RSS Feed or email us with your needs.

The contents of this site, unless otherwise specified, are copyrighted by © EMSNetwork, 2000-2002. The news provided is for personal use only. Reproduction or redistribution of the this site and the comments board, in whole, part or in any form, requires the  express permission of EMSNetwork or the original source. For Questions or comments pertaining to this site, contact the web administrator. The EMSNetwork is not responsible for the content of external sites linked and does not endorse their content.

 


Curmudgeon Talkback

Profit is not a dirty word


Feedback to 
Curmudgeon's Corner


curmudgeon  n : a crusty irascible cantankerous old person full of stubborn ideas.

Submit Curmudgeon Talk Back

Read Curmudgeon  Talk Back

Curmudgeon's Corner Column


McMaster, age 21, Orange County,
California and today.
Email this article
Printer friendly page
TALK BACK

Profit is not a dirty word
by John McMaster, MBA

First, let me differentiate between my presentation on EMS as a career and the financial rewards that do not ensue and the concept of making money.

As a career path that offers longevity, regular raises and promotional opportunities, EMS falls short unless it is provided within a public service agency or within the corporate framework of a hospital institution. Those opportunities are limited because in many places the organization of delivery is small, often volunteer.  Even within the private sector, opportunities are limited unless it is within one of the large corporate organizations that have branched out on a large scale basis. The career ladder narrows as one moves up.

However, the concept of making a profit, at any scale should not be chastised.  I previously mentioned that the start up costs involved risk and a return on the capital investment that was long term, often dependant of contract renewals for a full realization.

Its often been a pet peeve of mine where a community presents a need and does nothing and encourages the private sector to take the start up risks, then after seeing cash flow generate a profit makes a move to replace the provider in an attempt to generate cash flow in to public coffers. It happens on a regular basis. My question to these political bodies will always be, “Why, when the need was first apparent was nothing done by the political body?” The most obvious answer, at least to me, is no one except the entrepreneur was willing to take the risk. As such, because these individuals were willing to step up and take that risk, any rewards, including what might seem as unreasonable profits, have every right on that return.  No one was concerned when that specific stock had lost value and traded at bargain basement prices several years ago.

Capitalism is a great concept and it rewards the risk takers who are willing to invest in their dreams. It is not often that they get realized to that magnitude, but there are no rewards without risk. It is also a different concept from showing up for a shift then going home.

When you put your money up front to finance an operation and take the risks involved, when you realize a profit I will applaud your courage and efforts loudly.


Feb 16, 2006, 10:35
John McMaster, MBA 

Submit Curmudgeon Talk Back
(feedback pending, subject to review)

Read Curmudgeon  Talk Back

Curmudgeon's Corner Column

Top of Page

section
Curmudgeon Talkback
 Other Recent Headlines
Priority????
Is EMS a priority?: Not true for all
Free EMS - Really?
Feedback - EMS - is it a priority?
EMS - where is it headed?
Profit is not a dirty word
For Barry Landon, There Is Plenty of Money in EMS
More: What do you mean, there’s no Big Money in EMS ?
Ambulance Driver
What do you mean, there’s no Big Money in EMS ?
For more news, use the More link at the bottom of the Curmudgeon Talkback sections home page.