[Albion] Dan Ashworth joins Newcastle

[Weststander]

So, as a business owner when should I reap the reward, or shouldn't I?

Strangely when you invest say £250k in starting a business and it fails nobody is really that bothered, and, not likely at all to feel sorry for you and give you some cash back.

Most new business owners that employ staff have to pay them, rightly, the going rate for their role whilst not paying themselves, as there's not enough in the pot.

So, at some point the business owner pays themselves the going rate for running that company and they're wrong to be paid more than the people they employ? In fact in some businesses they never catch up with the developers etc they employ, but need these skills.

It's easy to criticise entrepreneurs, but without them there would be limited product creation, limited job creation, miniscule competition and limited innovation in this country. Oh, and some are noted for their philanthropy, when I say some I mean MANY.

And you pay corporation tax, income tax on dividends and employers NIC on your total payroll.

How many nations on the planet now don’t respect entrepreneurs, people taking a risk with no certainty it will come off, committing to leases, taking on staff? Can only think of murderous North Korea.

 

[Commander]

Sorry but you're not going to get any agreement from those that can't, don't or won't take the gamble to risk everything to start up their own business. Or the left wing anti capitalists that frequent this board.

I have a mate who I worked with 25 years ago. He left to set up his own business. I remember speaking with him then and he had no money. What little he had he spent on fags and promotion for his business. When I say no money, I literally mean he lived in a shitty room in a run down house share and would only have one meal a day of utter cheap crap.

He's now worth millions and is one of the nicest blokes you'll ever meet. Yes he's driven, very hard working, incredibly successful and some would say 'lucky'. He recently donated several hundred thousand pounds to a mental health charity he's intimately involved with.

He employs probably a few hundred people across his businesses, all paid decently. How much does he contribute to the society? A hell of a lot more than me and many others.

Yep. And if you don't like your job and feel you aren't paid enough, then start your own business. "I can't", lot's of people will say. Thing is, you can. Or the vast majority of people could, anyway, they just don't want to take the risk. Which is fine.

 

[Tim Over Whelmed]

And you pay corporation tax, income tax on dividends and employers NIC on your total payroll.

How many nations on the planet now don’t respect entrepreneurs, people taking a risk with no certainty it will come off, committing to leases, taking on staff? Can only think of murderous North Korea.

.... and you pay for the numerous Bank Holidays etc that are created, you train and develop people, support the local community, pay council rates, support health care and the work environment.

 

[MJsGhost]

I think the point is that in reality you have used the extra money to improve your expected way of life in the future.

Yup.

What would you do if you had a windfall that fully paid of your mortgage. Would you take slightly better holidays, maybe several times a year. Get a slightly better car or maybe get a slightly bigger house or buy better presents for your kids/family/friends. Maybe you'll get better seats when you go to the theatre or eat at slightly better restaurants.

There might be some marginal increases here & there - most likely more generous presents, but I'm not overly fussed about a fancy car, my house is perfectly big enough (though I might buy one with some land attached, but that would be even more rural and potentially cheaper than my current house unless the land was extensive), OR something with income potential so the need to work for money is reduced even further. The point being, it wouldn't just be for the sake of it.

I wouldn't take more, or more expensive holidays as a priority over reducing or stopping work (I enjoy the holidays we have as they are, yet I would LOVE not to have the necessity to work).

I don't want to sound smug, but the reality is that I am very happy with my standard of living and as a result, any extra income that comes my way, I am happy to put a decent amount of it towards early retirement, rather than spunk it on a shiny new car that in reality I don't need, or an expensive holiday in addition to the ones we have, or just more STUFF that we don't need, or a bigger house just because we could afford it (but don't need it). I'd sooner help my sisters pay off their mortgages, but I won't be doing that until I've managed to get finances where they need to be for us first (i.e. comfortable early 'retirement').

 

[CheeseRolls]

.... and you pay for the numerous Bank Holidays etc that are created, you train and develop people, support the local community, pay council rates, support health care and the work environment.

and ramble along off topic, apparently.

 

[Commander]

and ramble along off topic, apparently.

I think the thread went off topic a long time ago to be fair!

 

[trueblue]

I have friends that both work full-time, both big earners, and both absolutely work themselves in to the ground so they can pay as much as possible into their mortgage. I just don't get it. They might be dead by the time it's paid off. I'd rather use any extra capital to enjoy my life more NOW with extra or better holidays, more fun, and more experiences for my kids. The mortgage is on a set term, I don't really understand why lots of people are so set on paying it off early, when you might not even live to see it. I do wonder what my friends will do the day they pay theirs off. My suspicion is that their life won't actually change a bit, and that actually it might dawn on them that they've missed out on a lot of enjoyment throughout their adult lives by having this rather strange (in my opinion) goal, that didn't really change anything once it was achieved. There's no way they are just going to give up their jobs and relax. I really cannot see that anyone on their death bed ever says "I wish I'd paid my mortgage off earlier".

I'm not saying that's what you're doing by the way, just that I know a few people who seem to have that attitude.

My attitude on a mortgage was to overpay the former as much as I could without affecting the lifestyle I wanted to lead. Likewise, to pay as much into a pension as I can afford without foregoing very much now as who knows how long I'll live. That's served me pretty well but I'm happy not having much in the way of expensive possessions - most extravagant spending has been on travel and, even then, more in terms of destinations than luxury once there.

I suppose in the current climate there is a stronger argument for letting inflation erode the value of the mortgage, so paying it off early might not be the best option any more.

 

[peterward]

I hope not I've just got his face tattooed onto my thigh.



#OneForTheKidz.

Go to Saudia and have a couple of beers in public, theyll cut it off. Thats the real definition of a legless night out on the town!

 

[dazzer6666]

Yup.



There might be some marginal increases here & there - most likely more generous presents, but I'm not overly fussed about a fancy car, my house is perfectly big enough (though I might buy one with some land attached, but that would be even more rural and potentially cheaper than my current house unless the land was extensive), OR something with income potential so the need to work for money is reduced even further. The point being, it wouldn't just be for the sake of it.

I wouldn't take more, or more expensive holidays as a priority over reducing or stopping work (I enjoy the holidays we have as they are, yet I would LOVE not to have the necessity to work).

I don't want to sound smug, but the reality is that I am very happy with my standard of living and as a result, any extra income that comes my way, I am happy to put a decent amount of it towards early retirement, rather than spunk it on a shiny new car that in reality I don't need, or an expensive holiday in addition to the ones we have, or just more STUFF that we don't need, or a bigger house just because we could afford it (but don't need it). I'd sooner help my sisters pay off their mortgages, but I won't be doing that until I've managed to get finances where they need to be for us first (i.e. comfortable early 'retirement').

Good philosophy in my book. I paid extra into our mortgage for years (as my salary improved and things got a bit more comfortable, realised it was better than ‘saving’). We moved house in 97 and by 2013 we’d paid it off. The psychological impact of not having a mortgage for me was absolutely enormous - totally changed my outlook on work, going from ‘I really need to keep this job and do well in it’ to ‘actually, they probably need me more than I need them, I can always move’. Ironically I did better at work as a result, getting bigger, better-paid jobs. We could have traded up, but consciously decided not to and not take on another mortgage (I also gave my parents a big chunk of cash to allow them to move house to be closer to my ill sister). As a result I managed to save quite well in the subsequent years post-mortgage by living pretty modestly, which ultimately gave me choices - one of which was to say ‘**** it’ last year and take yet another company restructuring as the opportunity to escape. Haven’t regretted it for a single second.

I’m still in touch with loads of people in the rat race I was in (banking), they’re all still buying bigger and bigger houses and flashier than ever cars, and all moaning like hell about how much they hate their jobs and how they’re going to have to work until they’re 60 or 65 to pay it all off. It’s madness I tell ya.

 

[MJsGhost]

Good philosophy in my book. I paid extra into our mortgage for years (as my salary improved and things got a bit more comfortable, realised it was better than ‘saving’). We moved house in 97 and by 2013 we’d paid it off. The psychological impact of not having a mortgage for me was absolutely enormous - totally changed my outlook on work, going from ‘I really need to keep this job and do well in it’ to ‘actually, they probably need me more than I need them, I can always move’. Ironically I did better at work as a result, getting bigger, better-paid jobs. We could have traded up, but consciously decided not to and not take on another mortgage (I also gave my parents a big chunk of cash to allow them to move house to be closer to my ill sister). As a result I managed to save quite well in the subsequent years post-mortgage by living pretty modestly, which ultimately gave me choices - one of which was to say ‘**** it’ last year and take yet another company restructuring as the opportunity to escape. Haven’t regretted it for a single second.

I’m still in touch with loads of people in the rat race I was in (banking), they’re all still buying bigger and bigger houses and flashier than ever cars, and all moaning like hell about how much they hate their jobs and how they’re going to have to work until they’re 60 or 65 to pay it all off. It’s madness I tell ya.

Amen!

 

[ewe2]

It’s the nature of things .. people move on
Replacement is the art !

 

[crookie]

Has he gone yet ?

 

[jcdenton08]

Is he with us still?

 

[dejavuatbtn]

With people spunking £25m on Woods, they certainly need him, but does he need them?

 

[peterward]

I know this has been posted on the David Weir thread as its primarily about his promotion. But most postive update yet in the DA to Newcastle rumours. Would seem odd to write this if he was just about to leave, and odder still to promote Weir to assistant if Ashworth was offski very soon?

"David Weir has been promoted to the role of assistant technical director, with immediate effect, working alongside the club's technical director Dan Ashworth.

The former Rangers, Everton and Scotland player steps up from his original role of pathway development manager, which saw him specifically overseeing the club’s players who are on loan at other clubs.

Technical director Dan Ashworth said, “We are delighted that David has accepted this new role and it expands on the already excellent work he has done as pathway development manager. The assistant technical director will be exactly that, supporting me on a day-to-day basis at the American Express Elite Football Performance Centre.

"Since I came to the club the brief and workload for the technical director role has expanded to include the women’s and girls football operations and analysis across both the men's and women's set up. We have also expanded what we are doing in terms of player welfare and psychology during the past 18 months.

"We have also seen additional workload due to various external factors such as Brexit and the new Governing Body Endorsement procedure, and even the effect of the pandemic on the Premier League's evolving policies and procedures.

"David's football knowledge and experience is exceptional and to have his help, expertise and experience on a day-to-day basis will be a great benefit for the club."

 

[Tim Over Whelmed]

I know this has been posted on the David Weir thread as its primarily about his promotion. But most postive update yet in the DA to Newcastle rumours. Would seem odd to write this if he was just about to leave, and odder still to promote Weir to assistant if Ashworth was offski very soon?

"David Weir has been promoted to the role of assistant technical director, with immediate effect, working alongside the club's technical director Dan Ashworth.

The former Rangers, Everton and Scotland player steps up from his original role of pathway development manager, which saw him specifically overseeing the club’s players who are on loan at other clubs.

Technical director Dan Ashworth said, “We are delighted that David has accepted this new role and it expands on the already excellent work he has done as pathway development manager. The assistant technical director will be exactly that, supporting me on a day-to-day basis at the American Express Elite Football Performance Centre.

"Since I came to the club the brief and workload for the technical director role has expanded to include the women’s and girls football operations and analysis across both the men's and women's set up. We have also expanded what we are doing in terms of player welfare and psychology during the past 18 months.

"We have also seen additional workload due to various external factors such as Brexit and the new Governing Body Endorsement procedure, and even the effect of the pandemic on the Premier League's evolving policies and procedures.

"David's football knowledge and experience is exceptional and to have his help, expertise and experience on a day-to-day basis will be a great benefit for the club."

Succession planning

 

[blockhseagull]

Succession planning

Might be an element of that for the future.

But seems unlikely to have been announced in this way if DA was leaving the club in the short term.

As has already been suggested, this makes me think DA is getting an even more senior role meaning he requires some more help.

 

[peterward]

Succession planning

could be an element of that, Great opportunity for Weir to learn off DA, but you wont have much succession planning if he's of int he next few weeks. so all indications from this imho, is he isnt going right now or at least ot until end of season?

 

[zefarelly]

Succession planning

Maybe . . . . but you could also read that as a statement of intent . . .beating Man CIty U18's and making The Chamions of Europe look Bang average is just the beginning.


there's a huge underground base under the AEEFPC where plans are afoot . . . . TB even has a white fluffy cat AND a shark tank

 

[Tom Hark Preston Park]

With people spunking £25m on Woods, they certainly need him, but does he need them?

Doubt that either club needs the over-promoted chancer really. Life goes on with or without him somehow. Big ball for Ashworth tho: does he continue to bank the TB decent bucks in a nice supportive working environment or does he jump ship for short term megabucks in a highly toxic working environment. Meh. Hard to care either way