Mikey P
Administrator
Back in 88 when I first started with Coit, they ran a crew of about 20 men. Most were in the their 30s to 50s and had been suckin rug as a career for a good part of their lives. They completed each job like it mattered and you could tell they had pride in their work and in the numbers they produced. The company appeared to be making a profit from the CCing devision.
Now shortly there after, due to management changes and more importantly, a high tech induced change in the economy, most of these veterans moved on to greener pastures. We now had lots of rookie 18 to 25 year olds doing the work. It quickly became this huge army of comers and goes being given 7 jobs a day where if not all 7 were upsold on, the tech would be making the equivalent of minimum wage. 10 to 12 hour days, 6 days a week for less than 10 an hour?, you can imagine no one stayed around long enough to learn anything about proper cleaning. The effects of this were and are devastating to the evolution of this once fine company.
The reputation of Coit had gone down the tube. Management at all levels are constantly changing with only the owner's family making any money. (some of the national franchises are run very well and should not be confused with the family ran side of Coit)
It's been one bad mistake after another to this very day.
My understanding has been that Coit has been for sale for quite some time now.
My question to you three is this: considering the incredible debt that I'm sure they are in (millions no doubt), can this company be bought and saved?
What could you three imagine being done to turn things around.
Is it possible?
Now shortly there after, due to management changes and more importantly, a high tech induced change in the economy, most of these veterans moved on to greener pastures. We now had lots of rookie 18 to 25 year olds doing the work. It quickly became this huge army of comers and goes being given 7 jobs a day where if not all 7 were upsold on, the tech would be making the equivalent of minimum wage. 10 to 12 hour days, 6 days a week for less than 10 an hour?, you can imagine no one stayed around long enough to learn anything about proper cleaning. The effects of this were and are devastating to the evolution of this once fine company.
The reputation of Coit had gone down the tube. Management at all levels are constantly changing with only the owner's family making any money. (some of the national franchises are run very well and should not be confused with the family ran side of Coit)
It's been one bad mistake after another to this very day.
My understanding has been that Coit has been for sale for quite some time now.
My question to you three is this: considering the incredible debt that I'm sure they are in (millions no doubt), can this company be bought and saved?
What could you three imagine being done to turn things around.
Is it possible?