Thirty-five million and a business decision
Hi my name is Gordon D Silva I’ve just been listening to the news on my journey
Here and I’ve just heard that the garden bridge which was supposed to be built across the
Thames is now being scrapped and before a brick has been laid
It’s cost the taxpayer thirty-five million pounds 35 million and the brick hasn’t been laid
Now if you are in business how do you make that type of business decision
You know clearly there’s got to be some sort of investment in checking out of a project
But when you start look at 35 million now the project had to be underwritten by the London Mayor
And which meant that the taxpayer was gonna have to stump up any shortfall in the running cost.
Once that once this thing is built now you know the accusations on one side saying
You know he’s closed for any he’s closed London for any interesting projects and stuff
But we’re you know we’re in a recession we’re in some in the difficult situation
Here we don’t know exactly how things are going to prep pan out with breaks it
People are struggling and you know we’re asking without a question to put 35 million
Under right the the running cost which could be 3 million a year now 3 million
A year is a load of money and means so much to so many taxpayers and business owners in the London area
Why should they just underwrite a three million pound bill to get their project underway of course you know
If you’ve got somebody else to pay your bills for bad decisions
We could take decisions all day long not worrying whether they’re good or bad but
If we know as business owners we’re gonna have to underwrite the losses on that and so
We we undertake a little bit more caution but before we undertake a project before
We roll out a project before we go significantly into costs into massive costs before you identify
Whether the project is a go or not now you know a lot before thirty-five million was spent
I suspect they knew they needed the London taxpayer to underwrite this project and
That should be a warning signal to any project that says you can’t actually manage
This you need somebody else to insure it for you because you know if it goes wrong
You know you’re gonna be stuck and somebody else is gonna write the check now in business you and
I both know there’s no one gonna write out our cheque for us
We were to write it out for ourselves and as a result you know think about this
Business decision that they made how bad
It was and think about again how you make business decisions do
You evaluate projects and one of the things about being in control of your numbers is often we’re able to to inform
You of the effective decision before you make in that isn’t that really cool and that is
What was needed here by clever people in Maine you know I’m not suggesting
I could have done it on the back of a fag packet and neither should know that should anyone even try to do
it on the back of a fag packet but we do need to understand that good business decisions have a place and have
It and have a methodology and if you know the result of a business decision before you undertake
it that is you know that is really an important place to be right
So let me leave you with our thoughts on business decisions hopefully
You can make better ones yourself
I’m sure you do I’ll speak to you soon
Goodbye
