The Owosso Sugar Company - a story

As soon as the timber magnate Saginaw, Wellington R. Burt, celebrated his seventieth birthday August 26, 1901 while he was engaged to a portion of its assets in the wake of the wood of the sugar beet.

The mantra of real estate agents around the world "location, location, location." But in the business world in general should, "Timing, timing, timing" is. Wellington Burt timing in regard to his interest in sugar was bad.

As others had filled theirDays in the fast again, but now dying timber, had time on your hands and money in the bank. At first, as was the other, has spent several years in politics. He had a term used by the Senate (1893-1894), then looked for an SU Congress, but unfortunately his seat as a Democrat in 1900, the year rose to run the Republican star. Classified as one of the richest men in America, Burt poured over ideas for new investments, and then homed in sugar. His set of herEyes Owosso, Michigan, a village about 30 miles southwest of Saginaw, where he lived several clothes remains from the timber industry in Washington villas along the avenue. Among the many attributes the influence of Owosso Joseph Kohn, a sugar technologist living in Bay City, Michigan. Kohn led the Michigan Chemical Company, which had been put in place to buy molasses and then process through the city more and more sugar beet factories generate. Its successapproach by the Michigan Chemical encouraged investors when he spoke of investment in factories of sugar beet.

For Kohn, it was easier, more molasses and sugar beet factories in Michigan chemistry, which could be distilled into alcohol, a fact built enthusiasm for the construction of another factory. Fat with profits, attempted Michigan Chemical and its parent company, Pittsburgh plate glass factory in Owosso build on his own and did not need the interference of otherMillionaire with time on his hands and money in your pocket. Wellington R. Burt was not invited to their ambition in a join venture with Michigan Chemical and its passage to his own languishing behind a curtain of international events

The United States had agreed after the conclusion of the Spanish-American War, the Philippine sugar import tariff reduction of 75 per cent of the general rate and the import of sugar from Puerto Rico, a possession of the United States to allow all free duty. L ' Philippines had the added advantage of shipping up to 300,000 tons of duty-free, and Congress was the bill, which they believed would be a reciprocal agreement with Cuba to approve dithering. The grant agreement, the country would preferably 20 percent tariff.

the nation's newspapers devoted considerable space to the plan, dampening the spirits of those who had at first planned factory in a lot of enthusiasm for Burt. It could be a few others join him in ahad> Venture in Owosso, although he supported the assets pledged $ 200,000 of his personal actions and others have been signed for $ 50,000 a. He convinced the farmers to grow sugar beet in three thousand acres and a contract with a company with experience and Fuehrman Hapke the building when it collapsed to start, because investors do not come off with the balance of investments needed - about 600,000 dollars.

Michigan Chemical Company has been behind the scenes, while other investorsfailed. Elsewhere excitement for sugar beet factories just slowed down. Sixteen were in the United States, 1900-1902, built eight in Michigan. Burt's attention to Alma, Michigan, where he met with more success through the combination of money and talents to those of Aimee Wright, another industrial Saginaw.

Owosso 1902, it was a good candidate for a sugar beet factory as any city in Michigan, maybe better. He railways, established industry, a senior class andeducated workforce is also an excellent agricultural region. Burt stepped aside, allowing the project to die stillborn. Fuehrman Hapke and approached the Sebewaing plant next year to build, creating one of the sugar factories of the most successful era. Michigan Chemical emerged from the shadows and took the reins.

Owosso was the home of two families with considerable success in American politics. Both have different roles in the creation of a sugar beet factory in the gameOwosso. The family of Alvin Bentley Bentley, whose grandson, also named Alvin management gained fame with great personal effort in 1954, when as a junior member of Congress, was the fastest of the five victims of an armed attack wounded Congress, while the meeting was. Four Puerto Rican terrorists fired thirty shots of visitors to the gallery of the House of Representatives ON the floor of the room, while the representatives discussed the draft law in a country of immigration.

The DeweyFamily had been in Republican politics since the founding of the party in the near Jackson, Michigan in 1854, opera. In Owosso, according to tradition, was a leader of the political party then in power for the position of postmaster. Edmund O. Dewey, Thomas Edmund Dewey uncle, a future governor of New York and twice unsuccessful candidate for president of the United States took this position begins with the presidency of William McKinley and ending with the presidency of WoodrowWilson. His brother George, the father of Thomas Edmund Dewey, secured the nomination in 1921.

Edmund Dewey, 1902, Wellington Burt's recovery plan for a beet sugar factory in Owosso. He organized the purchase of a suitable site of 40 acres at the western end of Oliver Street, raised $ 10,000 and asked the Board of Commissioners for the city to pass a bond to cover the cost of land. The county has denied the link, making the idea a second time and not for the same reason - aLack of enthusiasm.

Joseph Kohn has been introduced and fired in a single sugar Michigan of the nation's richest families, the family Pitcairn Pittsburgh, Pennsylvania. The family controls the Pitcairn Pittsburgh Plate Glass Company (now PPG Industries announced) in Pittsburgh, Pennsylvania. The glass company was all but in the end America's dependence on Europe, suitable for large glass for windows, cabinets and mirrors. Whileopening days of the 20th Century, the company produced 20 million square meters of glass per year.

When searching for a source of potash for the glass works, Pittsburgh Plate Glass Kohn turned to try to get themselves prepared from sugar beet extract and molasses instead he was sure that could be gained from the conversion of gain molasses into alcohol. He had served in the German-American Sugar Company (later the monitor Sugar Company) as a consultant and before that held a similar position at KilbyManufacturing, which has been very involved in the turnkey construction of beet sugar factory projects. Kohn Bay City Distillery, because of the large amount of molasses, the three sugar factories and the factory as the German-American Sugar Company has promised under construction, was carried out on huge profits at the Pittsburgh glass.

John Pitcairn as America's first coast five years ago, immigrants to America by his parents, John and Agnes brought together with two sisters and aBrother. Pitcairn has amassed a personal fortune of railways, mines, oil and the founding of the Pittsburgh Plate Glass Company in collaboration with John Ford, who was sixty years old when his attention attracted Kohn, potential in Owosso and the failed attempt of the first Wellington Burt shape, and then Edmund Dewey businesses a sugar beet.

Three Friends stimulus for Owosso. On October 29, 1902, the Owosso Sugar Company was founded, capitalized at one million dollars. More than 75Percent of the shares have been heard by the Pitcairn family members and friends. John Pitcairn 62,500 outstanding shares owned outright. A handful of residents Owosso its name to the list of shareholders, including the aforementioned Alvin and the Bentley brothers Edmund and George Dewey. George Dewey's son, Tom, the future presidential candidate to spend a day of school holidays working in the lounge of the new sugar packaging company.

The company presidency was rotatedCharles W. Brown, the owner of the newly crowned 5600 shares of stock. Brown was also the president of Pittsburgh Plate Glass. Financial functions Day went to 36 years Edward Pitcairn, one of many grandchildren John Pitcairn. Edward was in 1910, will be the treasurer Pittsburgh glass plate, a position he would hold for the rest of his career. Carmen Smith, a lawyer with a long association with Charles Brown, who was adopted from a period where the couple lived in Minneapolis,The responsibility for general administration of the new company. He also took the title of Secretary-Treasurer. Recently had a wife and three children, Isabella, Daisy, Carmen, and Cedric in Bay City where he moved as treasurer of the Michigan Chemical Company. Joseph Kohn has taken the role of the general superintendent of the factory.

Educated at the Institute of Technology in Prague, Kohn graduated in 1883 with a degree in mechanical engineering and process engineering. After hisSchool had been employed by Breitfeld Danek from Prague and subsequently gained experience in a sugar factory in Moravia, a region in the Czech Republic today, but was then part of Austro-Hungarian Empire, and has also worked with the designer evaporator, Hugo Jelenik . In Moravia, it was with Carl Steffen, the inventor of the process desugarization molasses that bears his name. While working for Kilby Manufacturing Company, Kohn Kilby developed the default factory configuration.

KilbyManufacturing has won contracts to build two factories of 1,000 tonnes in Michigan, one in Owosso and another in Menominee. The two would hold the record for the biggest sugar beet factories in Michigan, built a factory of 1,200 tonnes in Mount Pleasant was built in the 1920th addition to the two plants of 1,000 tons, Kilby had an order for a standard plant from 600 tons in East Tawas. It would be a busy year for Kilby, who had received orders for three plants in Colorado, one each for its Fort Collins,Longmont, Fort Collins and Windsor to win the largest factory built Kilby-1, 200 tons a day of cutting capacity. The price for the planting of Owosso, to $ 675,000, on a per tonne of sugar was low cut of $ 675 against $ 1,197 in East Tawas and $ 785 for Menominee. In reality, the cost of construction of Owosso less per ton than any other disc factory in Michigan.

The Owosso plant came to life December 9, 1903, without the usual fanfare associated with new factories of sugar beetusually include marching band, parades, joy talking about opportunities for lighting equipment and local politicians attended. In a more peaceful, Charles W. Brown, of Pittsburgh came and brought with him as guest of honor, James Wilson, Minister of Agriculture. He rose to national prominence when President William McKinley appointed him Secretary of Agriculture in 1897. His stature was such that President Roosevelt and Taft kept him as a secretary, and onlysweep in 1912 in a train Republican representative from office, Woodrow Wilson has finished his term. He was a Minister of Agriculture, 4 March 1897-3 March 1913, the longest duration of a U.S. government official to serve.

After a brief ceremony, the Secretary Wilson and pulled the whistle cord, which continues as the beets out of the channel. Unlike many of the beet plants built in Michigan, there was no central figure, the restaurant had taken his money and reputation on the line forFactory. The majority stake was far away in Pennsylvania, has lived his officers and the executive management elsewhere, Bay City, in the case of Joseph Smith and Kohn and Carmen near Pittsburgh for Brown and Pitcairn. It was not absentee owners to overlook the obvious unusual - the contribution of farmers. If a lack of farmer interest manifested itself does not cause heart palpitations in the boardroom of Pittsburgh Plate Glass. After all, who twenty years earlier, John Pitcairn forged a new AmericanIndustry from the rubble of a similar effort, but without success, when reflecting the state of the market away from Europe and has developed one of the largest and most modern factories of its kind in the world
Farmer was a slight apathy Sorry, not a devastating blow to a person who has transformed the production of flat glass in a field had only American. The answer was at hand, Carmen Smith, who was appointed envoy has explored the possibility of the walls of the factory to reach the skyOwossians who had the surprise of the weekend throughout the summer of 1903 came together to grow in width and size of industrial Goliath to take in their midst. Sure, the thought of the Pittsburgh Plate Glass great people. They also thought the current sidewalk superintendents of the largest factory, the largest of all players in the sugar factory at the time. They were not only the construction of a sugar beet delivers twice the size of almost all sugar factories in the United KingdomStates, were at the same time the edge of the foundation of larger sugar beet in the United States and the largest single payment transaction to the east of the Mississippi River.

formed the south and west of Saginaw, Michigan was a vast marsh area during the last glaciation. The fund, which connects the convergence of several major river systems, the Saginaw River was the then and now flows 22 miles north of Lake Huron. The eighteen thousand acres of marsh served as an important stepand brooding ground for migrating waterfowl, ducks, geese, swans. It 'was the biggest natural habitat of wild animals in the American Midwest. frequent flooding - was a feature which protects unattractive to farmers. But that changed when Harlan B. Smith, a producer who speculates Saginaw buggy also in real estate, a partnership with two lawyers, Charles H. Camp, and George B. Brooks has come to acquire and then develop about 10,000 acres of marsh. Their efforts,Spanning fifteen years has resulted in a large drainage ditch that nearly two miles across the prairie to complete that allow them to hundreds of acres of marsh to be converted into agricultural land.

When Carmen Smith for a wide area in which a sugar beet farm demonstration at the same time ensuring the Owosso plant would be all he wants, he must quickly install the Prairie Farm, for deliberately sought. Smith completed the purchase on February 22, 1903, and soon a steam excavator,Monster designed to dig into the muddy ground, was immediately transported to the Saginaw River in the prairie. And while 'in the ground in front and form a dam 20 feet high, and the creation of a channel that used to be about one hectare in the morning, he claimed that half the country had been waiting for a million years' arrival of the transport mechanism Behemoth.

Finally, Owosso Sugar Company created 36 miles of levees, some of which eighty meters wide at the bottom, top forty high and six meters.Others have been designed to be smaller, but all for the same purpose - and then drain the country dry. Streets crowned the summit of the dams and the pages turned to use as a pasture grass for the sheep. Half the country has been drained by ditches open and half were discharged by means of large pumps, which send their cargo to the nearby Flint River. Once it was dry, the reclaimed land, like a giant chess board in twelve lines down the 1,640-acre parcel. Almost overnight, for aCapital expenditures of $ 400,000, Smith has turned the Prairie farm from a loss of business in the world's largest sugar beet in Michigan, and probably also in the United States, if not the world - ten thousand hectares. The new plant could now be put aside concerns about an adequate supply of sugar beet.

First year Owosso Sugar Company

The first campaign for the operation of Owosso Sugar Company, developed by Kilby key factories is common to the guaranteed rate reached 1,000 unitsTons of beets for 24 hours. Construction contracts usually require that a new plant to meet its guaranteed rate for a certain time, set by negotiation between one and ten days, and usually occurs under the supervision of the Kilby engineers a few days after launch. The same engineers to withdraw as soon as the new owner has signed the certificate of completion, transfer the plant to company managers. The rate decreased after the hard OwossoFactory probably reached the guaranteed rate for the same reasons slice rates in most of the factories again refused - inexperienced drivers.

Since the Prairie Farm was still in its infancy, it produces less sugar beet, as it causes in later years, the timing of development on the basis of a "campaign" by the industry, to last only 48 days and ended January 26, 1904 . During her maiden voyage of the new factory sliced ​​average of 542 tonnes, well below the 1,000 tonnes required forDay. The second campaign was five days shorter, but doubles the rate washer and reached almost 930 tonnes per day for 43 days.

While the Owosso plant was under construction, built the work of Benjamin Boutell Lansing beet, a major investor in many factories of Michigan sugar beet, and another two years before, suffered from a lack of management control. Diagnosed with cancer in early 1902, Boutell's wife Amelia died Nov. 27 at the age of 52 years, despite its efforts to find aHealing. Not having the heart to its commercial interests, has sold its plant in Lansing Owosso Sugar Company.

Kohn and Smith now had four main tasks: two sugar factories, the Prairie Farm and Bay City, Michigan Chemical Company under their control, while a year earlier, had only the chemical companies which employ their time and thoughts. The Prairie Farm employs 160 people and 58 teams of draft horses and each of the two sugar used in addition to hundredsThe employees of chemical factory in the Bay City. The two managers, every 45 years, were constantly on the move, visiting properties, headquartered in Pittsburgh, and attending industry conferences in addition to meeting with members of Congress and the Department of Agriculture. In 1910, Joseph Kohn was the first to calculate the cost of such a step. He suffered a heart attack and died at the age of 52 years.

The year before his death Kohn, 8,500 acres of prairie Farmwas dammed and drained by gravity and pumping systems for the first time rose by one square mile of sugar beet. Peppermint provided additional revenue (35,000 pounds of peppermint oil in 1909), while coal followed in importance after sugar beet.

For six years after the death of Carmen Smith Kohn sat on as before, Kohn take risks, in addition to his own, until 1916, when he put the two sugar factories under the direction of Charles D.Bell, who had served as a manager at Alma before joining the staff Owosso in 1907. Owosso Bell remained for sixteen years, leaving only a Michigan Sugar Company, Owosso and Lansing factories acquired in 1924, after which the family ranch in Los Alamos, Calif., where he soon discovered the oil wealth of new retired.

In 1920, at the age of 62 years, Carmen Smith, like his friend and collaborator, Joseph Kohn, died suddenly of a heart attack while driving homeby train from Chicago. Carmen Smith has adopted a pioneering days. Joseph Kohn in 1910, Joseph Kilby in 1914, John Pitcairn in 1916, and Carmen Smith in 1920 - those who had lived the dream of building one of the largest sugar factories and the modern world, and then topping with the country's largest single beet farm had passed from the scene. Unfortunately, he had not worked recently.

According to the story of Daniel Gutleben of the sugar beet Michigan (The Sugar Tramp-1954), Pittsburgh plate glass, probably worried that Michigan beet sugar factories, too small to compete with the large quantity of imported raw sugar refining process was not built to compete with the volume of sugar duty free in the country . He is the Owosso and Lansing, Michigan Sugar Company at a purchase price of $ 2,000,000 in print, most preferred shares. The Prairie Farm remained in the hands of the heirs of John Pitcairn.

Michigan SugarOwosso new company run for the next four years for the declining interest among farmers, with the flood of imported sugar in 1928 caused the factory to close. Michigan Sugar was missing one of the main advantages of the former owners - the Prairie Farm was therefore able to grow beets command farmers when other crops, corn and soybeans grown at low prices to less investment and less work. It will reopen for a year in 1933, was closed but kept hopeReadiness. Hope finally surrendered to the reality that farmers would not be back. The factory buildings were sold in 1948. Evidence that the final failure of the Owosso Sugar Company was not on the shoulders of the administration remained in the appointment of the Secretary Owosso Edward Bostock, Chairman of the Board of Directors of Michigan Sugar Company.

Sources:

Denslow, William R, and Truman, Harry S., 10,000 Famous Freemasons from A to J Part One (in terms ofCharles W. Brown career with Pittsburgh Plate Glass Company)

MILLER, Ed and beach, R. Jean., Published in the Saginaw Hall of Fame, Saginaw Hall of Fame, 2000. (In terms of Wellington R. Burt)

GUTTLEBEN, Daniel, sugar Tramp - 1954 Bay City Duplication Company, San Francisco, California Print

THE CUREUX, Keith, Albee history Township, Saginaw County, Michigan, Chapter V, Prairie Farm.

Betzold, Michael, Detroit Free Press Magazine, December 26, 1993Utopia Revisited - an article on the history of Prairie Farm.

Copyright 2009, Thomas Mahar - All rights reserved

About the author: Thomas Mahar served as Executive Vice President of Monitor Sugar Company, 1984-1999 and as president of Gala Food Processing, a company packing sugar, from 1993-1998. He retired in 1999 and now devotes his free time to write the history of the sugar industry. He wrote, Sweet Energy, the history of Monitor Sugar Companyin 2001 and the history of Michigan sugar beet (Newsbeet, Autumn, 2006). Contact: Thomas Mahar E-mail

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The company Ferragamo

Salvatore Ferragamo, June 5, 1898 in Bonito, a small town in Italy was born. He used the celebrity shoe designer in 1920 for some time and then the foundation of successful business, the Company Ferragamo.

He played with the famous and wedge heel cage in the footwear industry fashion, among other innovative shoe designs accredited.

As the eleventh child of a family of fourteen children, Ferragamo has been very cleverly makes the shoe.It seems that he made his first shoes regardless of the age of nine and talent to one of her sisters. Early life Ferragamo clear that this was his calling.

He pursued his passion and he continued to work tirelessly to get all the things on the design of shoes. He studied the manufacture of shoes for a year in Naples and went to his first shop in his parents 'home' to open. In 1914 he emigrated to Boston and joined a shoe factory there.

His brothers came to him andall together they moved to California where they settled in Santa Barbara and then to Hollywood, where he opened his shop, repair and sale of footwear shoes execution.

He was a master and a genius. He soon drew the attention of people who for the shoes to him and his creations are famous initiated the "nickname shoemaker to the stars' started. But it was not what I understand these glories of peace. His research,because the shoes look good but the plan is not easy to heel walk and he did go to the University of Southern California, where he studied human anatomy.

In 1927 he returned to his home and founded the famous Ferragamo Company, where he designed the shoes for celebrities such as Eva Peron, Marilyn Monroe, Maharani of Cooch Behar and other kings.

Although he died August 7, 1960 is to grow his company and his legacy todaymanufactures and markets a wide range of products including high-end footwear, handbags, perfumes, watches, sunglasses, clothing and fashion accessories, etc.

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10 Business challenge every company needs to build one from scratch

Are you an entrepreneur? If yes, then I think you're familiar with the challenges of the business model or starting and building a business from scratch. If you're an entrepreneur, but dream of one day to one, then I think you will find this book valuable.

Why do I write about this topic? I wanted the "10 challenges each face to create a market with zero need for entrepreneurs insight into what to writeExpect when they did start a new business venture. I write about my writing skills to show. Also, I'm not a professional writer, I am an entrepreneur and investor to the core. I just write about my knowledge of the structure of a business with someone who is willing to learn to share.

This article does not discourage or scare to start a business. Instead, I wrote to create this book, and mark on the business challenges to expect and how to managethem. As a popular saying goes:

"If someone has won half the battle."

Here are 10 Business Challenges Every company needs to build one from scratch:

1. The development of vision and an idea:

This is usually the first challenge every entrepreneur. Finding the right job opportunities or the development of a creative idea is certainly not an easy task. I call the "Questions for the idea" the first duty of a true entrepreneur. AsEntrepreneur, you must develop the ability to see what others can not see. As for other problems, you have even more possibilities.

But as options only the first task. The biggest challenge is your ability to forge an opportunity for a business idea. I see this as a business challenge, because the process of converting business opportunities into plans as an attempt to turn base metal into gold. I call it the process of creating value from nothing. " You're not aEntrepreneur, may not be familiar with the process. The process:

- Recognition of a problem
- Seeing an opportunity in the problem
- Coming to a solution
- Develop the occasion in a business idea
- Integration with Business Plan

Another way to "the development of vision and ideas" is a business challenge is that an entrepreneur is sometimes in the role of a magician. Let me explain in detail. While others live in the past andCurrently, a business must imagine and predict the future. An entrepreneur should always be one step ahead of his time, otherwise it would lose its relevance. He must have the ability to bring into the present, what needs to be. Let me give you some practical examples:

In the late '70s and early '80s, while IBM has seen a surge in demand for its mainframe computers, Steve Jobs gave a personal computer in every home, and Bill Gates became the need of user-friendly software for use staffComputer.

While people are flying all seen an impossibility, the Wright brothers turned a flying machine.

At that time, when cars were custom-made just for the rich, Henry Ford introduced cars affordable for the masses.

I think with these few examples, my point is clear. The development of the vision and the idea is the first task of a true entrepreneur.

2. The raising of capital:

After the development of your idea, the next challenge, go to the frontis the challenge of raising capital. As an entrepreneur, you're the only one who knows the idea of the nucleus. You're the only one who knows the history of the future. The attempt by investors to something that is not convinced there is definitely a challenge.

There is more to fundraising than asking simply about money. Most investors want to invest in established companies with minimal risk. In building a business from scratch, raising capital is definitely a businessChallenge, ask.

To overcome this challenge, you must develop the capability, your idea and vision to sell to potential investors. When I say "sell your ideas," I mean to improve your communication skills and presentation. In the game, raising capital, you need a good story backed by a strong business plan. If you're learning to successfully raise capital is concerned, you can view more articles that I wrote.

3. Assembling a team:

The thirdYou have to challenge during the development of a business is the assembly, the face right team. When I talk about a team, I'm not talking about normal people. I speak of a "roundtable Strategic Business Team, which meets regularly to consider ways to say grow your business.

As an entrepreneur, you must have the strengths and weaknesses. This is one more reason you need a strong team that covers up to install for your weaknesses. A team is a necessity in your searchTo build a business. Now looking for a team of business is just the first obstacle, the transfer of your passion and vision for your team is the real piece of cake.

You must strive to ensure that your team does see the future. You need to believe in their abilities and passion have to do with this possibility a reality. If they fail to achieve your vision, if they can not see into the future with you, then I am not worthy to be your team.

Their team of business strategy should be toYour banker, financial advisor, accountant, lawyer or legal adviser and other specialists, which will be of enormous impact on your business. might be a question on your mind, "how do I pay for this team? My answer is that I do not know. You have to find yourself, or better yet, can be considered as a partner on board.

If you still have a team of business for the loss with the idea of the group, then I recommend you take a little time to learnfor the construction of a work team or visit strategicbusinessteam.com some advice.

4. Finding the right location:

You might think that finding a good location is a piece of cake, but I bet that this finding is not a good position at the right price is very simple. I'm not worth anything in this paper, but I hear it, brings it to your message, so you can prepare. The following features should be considered before choosing a site. These functions areReferring to the area of your business:

- The right price
- Easy access to raw materials
- Good road network.
- Basic services and infrastructure
- Sufficient power
- Easy access to cheap labor
- Proximity to high traffic volume roads
- State and federal taxes moderate
- The government economic fiscal and monetary policy
- Inexpensive federal and state laws.
- Current economic and political situation.

5. Finding the rightEmployees:

Most of the authors to manage the process of finding good workers as an easy task. They define an employee's statement as a simple presentation of the job description and the right people will surface. But I think there is more.

Those who know the business, how difficult, hard working, reliable employees can be found. Most employees want to pay for less work and more. Finding a good employee who is thrilled with the performance of its services altogetherdifficult.

Employees are your representatives to your clients and the outside world. They are a reflection of your corporate culture and ethics. If an employee of yours is bad or rude to customers, they portray a bad image of your company. You must be careful when hiring employees. Remember the golden rule of business;. "Hire slowly and fire fast"

6. Looking for good customer

The challenge of business are the sixth floor is a challenge to good customers.Note the keyword "good customer". If in the process of building a business from scratch, you get to find out that there are good and bad customers' accounts.

You must be really looking for customers badly. Good customers are really hard to find. A good customer will be loyal to your company and will be ready to forgive, if you make a mistake and apologize. A good customer is trying to do the right thing, that benefit themselves and society to another.

A badCustomers can always use the gap in the company's policy and watch a couple of gains. Bad clients will always try to use the company's goodwill and look for ways to tear the company. Customers are responsible for bad loans.

good customer build your business and bad customer will always seek to liquidate. So how do you lay off employees, you must be willing to delay the bad customers without fire. In the game of trying to find a new customerAlways remember that the customer is McDonald's claims in court, sued the coffee was too hot.

7. Ahead of the competition:

Competition is the next challenge you will face. Most people see competition as a nuisance, but I see competition as a challenge. I see competition as a benchmark for creativity, the main driver of innovation and quality products at reasonable prices. Without competition there is no innovation without innovation and stagnation, the world.

I seeThe competition as a welcome challenge and I want you to do the same. Competition keeps us alert and always pushes us to continually improve our products and services. But you should be warned. Competition can your business lose their relevance, so they always look in the eyes of your customers. At this point, I leave you with a quote:

"If you do not have a competitive advantage not to compete." - Robert Kiyosaki

8. unexpected challenges and costs:

Just like a sailorprepares unexpected storm, like a pilot always watch for the unpredictable weather and thunderstorms, then a contractor for everything that happens, be prepared. unexpected challenges can come in the form of:

- Unexpected claims
- Inconsistent government policies
- Not able to make payroll
- Non-payment of bills and taxes
- Resignation from office staff unexpectedly sensitive
- Bad debts from customers
- Loss of market share
- The decrease in workingCapital
- Insufficient stock or inventory

These challenges can ruin your plan, if not managed a successful business from the ground to build new ones. Another challenge is expected to have an unexpected increase in operating expenses. If not managed properly, could result in negative cash flow constant, and finally bankruptcy.

9. In step with the industrial changes and trends:

Trend is a real business challenge for you to be prepared. Trends havemade and broken many companies. I know that many profitable companies which dropped from light industrial changes and trends. A typical example is the tendency dot com, where many industrial society-based companies with new web-based dot-com have been swept away.

When the dot com era began, with only two options were entrepreneurs. Or join the dot com train them or train from the dot com crushed.

experienced entrepreneurs know that the tendency is always a friend andare always ready to adjust rapidly their activities with the current trend. Keep your eyes open, you can see the trends really a challenge, but the great task of your skills will soon be with the trend to your advantage.

10. Leaving the business:

"In the world of business and investments, your most important output of your voice A good rule is this, .. stop, before you" - Robert Kiyosaki

In building a business from scratch, you will face the businessChallenge to determine your exit strategy. As the quote above states, you must plan your exit strategy before commencing their activities. Most entrepreneurs run their business without leaving any plane and even if they have an exit strategy, they find it difficult to implement it.

Before you start a company, you should always leave a plan. There are reference points that you can determine your exit from the business. Most of these entrepreneurs is smart as a reference pointObjectives and once this particular goal is reached, leave the store. Examples of such parameters are:

- Annual turnover
- Annual turnover
- Asset Base
- Market saturation
- Customer base or the number of users. This is more for dotcom companies.

Well, when it comes to exciting business, there are three exit strategies can be applied. The exit strategies are:

Turning the business professional managers: If your company from a certain levelof maturity, you can stop turning over to professional managers. In this case, the business is still yours, but I'm not involved with their daily affairs. You will have to take the administrative role, the role of a watchdog. When you leave this way you have more free time to look at other projects or to retire.

private sale of the company: in this case, you are leaving the business with the sale to a private investor. In business, it iscall M & A (mergers and acquisitions). After the sale and transfer of assets is complete, you have nothing to do with the business again.

Among the companies on the stock market: What makes this kind of exit strategy is that while the sale of your company (shares), the public investors who still hold and control the business.

Please, before you use this exit strategy, I suggest you consult your lawyer or legal adviser. But ultimately it is up to youwant to apply to the exit strategy, you decide. Always remember, the output is more important than your contribution. "

learn at this stage, I thank you for reading and have the time. Until I come to you again, remain blessed.

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The Owosso Sugar Company - A History

As soon as the Saginaw Lumber Tycoon, Wellington R. Burt, celebrated his seventieth birthday August 26, 1901, when he was party to occupy a portion of its assets in the field of sugar beet timber awakening.

The mantra of real estate agents around the world "location, location, location." But in the business world in general, it should be, "Timing, timing, timing." Wellington Burt times in regard to his interest in sugar was bad.

Like many others, had filled theirDays in the fast again, but now moribund timber industry, had time on his hands and money in the bank. At first, as was the other, has spent many years in politics. He had a term from Senate (1893-1894) served then a U.S. Congress was looking for, but had the misfortune seat as a Democrat to run in 1900, the year opened the Republican star. Classified as one of the richest men in America, Burt vote on ideas for new investment and therefore you home sugar. MiseEyes in Owosso, Michigan, a village about thirty miles southwest of Saginaw, where he resided some remains clothed by the timber industry in villas along Washington Avenue. Too many attributes Owosso is the influence of Joseph Kohn, a sugar technologist living in Bay City, Michigan. Kohn also the chairman of the Michigan Chemical Company, which had been put in place to buy and then generates growing process of this City beet molasses number of factories. Its successto close in Michigan Chemical encouraged investors to pull when he talked about investment in beet sugar factories.

For Kohn, it was easier, more factories of sugar beet molasses in Michigan for most chemicals, alcohol, a fact built enthusiasm for the construction of another factory could be distilled. Fat with profits, attempted Michigan Chemical and its parent company, Pittsburgh plate glass factory in Owosso built by himself and did not need the interference of anotherMillionaire with time on his hands and money in your pocket. Wellington R. Burt was not invited to their ambition in a join venture with Michigan chemistry, and its going to be languishing behind a curtain of international events

The United States had agreed after the conclusion of the Spanish-American War, to lower the import tariff for sugar in the Philippines, 75 percent general tax rate and the import of sugar from Puerto Rico, U.S. possessions, allowing fully free of duty. The Philippines had the added advantage of shipping up to 300,000 tons of duty-free, and Congress was the bill, which takes would be to approve a contract on reciprocity with Cuba dithering. The agreement of this country be granted a 20 percent preferential tariff.

the nation's newspapers devoted ample space to plan, dampening the spirits of those who showed for the first, a lot of enthusiasm on projects factory Burt had. Had a few more to join him in awas> Venture in Owosso, even if the happiness promised $ 200,000 for its staff and said that others had subscribed $ 50,000 more shares in. He convinced the farmers to grow beet sugar three thousand acres and a contract with the company experienced Fuehrman Hapke, from the building when it fell apart because investors will not come with the balance of the required investment - about $ 600,000 .

Michigan Chemical Company waited in the wings, while other investorsmaterialize. Elsewhere, the excitement of beet sugar factories just slowed down. Sixteen were in the United States 1900-1902, built eight in Michigan. Burt's attention turned to Alma, Michigan, where he met with more success through the combination of time and talent with those of Aimee Wright, another industrial Saginaw.

Owosso in 1902 was a good candidate for a sugar beet factory, like any city in Michigan, maybe better. He lines, established industry, a senior class andskilled workers, as well as an excellent agricultural region. Burt stepped aside, allowing the project to die stillborn. Fuehrman Hapke went to Sebewaing factory next year to build, creating a sugar beet most successful era. Michigan chemistry emerged from the shadows and took the reins.

Owosso was the home of two families with remarkable results in American politics. They both play different roles in the creation of a beet sugar factoryOwosso. The family of Alvin Bentley Bentley, whose grandson led, also named Alvin, achieved success with great personal effort in 1954 when as a junior member of Congress, he the strongest of the five victims of an armed attack wounded in Congress while the session was, it was. Four Puerto Rican terrorists thirty shots fired by visitors to the gallery on the floor of the House of Representatives chamber, the representatives discussed during an immigration bill.

The DeweyFamily had in the policies of the Republican Party since the formation near Jackson, Michigan, in 1854 it worked. In Owosso, in line with tradition, was one of the leaders of the political party then in power for the position of postmaster. Edmund O. Dewey, Thomas Edmund Dewey uncle, a future governor of New York and twice presidential candidate of the United States, was that the starting position with the presidency of William McKinley and ending with the presidency of WoodrowWilson. His brother George, the father of Thomas Edmund Dewey, secured the nomination in 1921.

Edmund Dewey, 1902, Wellington Burt Recovery Plan for a sugar beet plant in Owosso. He organized the purchase of a suitable site of 40 acres at the western end of Oliver Street, raised $ 10,000 and asked the Joint Board of Commissioners a bond sufficient to pass the cost to the right country. The municipality denied the band, and then the idea fails a second time, and for the same reason - aLack of enthusiasm.

Joseph Kohn has been introduced and shot himself in sugar Michigan, one of the richest nation, the family Pitcairn Pittsburgh, Pennsylvania. The family controls the Pitcairn Pittsburgh Plate Glass Company (now known as PPG Industries) headquartered in Pittsburgh, Pennsylvania. The glass company had almost completed the American dependence on Europe suitable for large sheets of glass showcases, counters and mirrors. Duringthe first day of the 20th Century, the company produced 20 million square meters of glass per year.

In seeking a source of potash for its glassworks, Pittsburgh Glass turned to Kohn, who are trying to do from sugar beet molasses extract, and instead he found could earn guaranteed profits from the conversion of molasses in the production alcohol. He also had the German-American Sugar Company (later served Monitor Sugar Company) as a consultant and before that held a similar position with KilbyManufacturing, which was very involved in turnkey, sugar beet factory construction projects. Kohn's Bay City Distillery, due to the large volume of molasses, has promised the three sugar factories and more from the German-American Sugar Company factory for the construction, substantial profits shot in Pittsburgh Glass.

John Pitcairn seen first bank of five years, from his immigrant parents, John and Agnes, together with two sisters in America and America has brought aBrother. Pitcairn amassed a personal fortune in railroads, oil, coal mines, and the founding of the Pittsburgh Plate Glass Company in collaboration with John Ford, who is sixty, when his attention was attracted Kohn, potential and the failure of Owosso first Wellington Burt, Edmund Dewey then become a society of sugar beet.

Three is the charm of Owosso. October 29, 1902, the Owosso Sugar Company came to be activated at one million dollars. Over 75Percent of shares by members of the Pitcairn family and friends. 62 500 John Pitcairn of outstanding shares owned outright. A handful of Owosso residents have their names on the list of shareholders, including the Bentley above and brothers Alvin and George Edmund Dewey. George Dewey's son, Tom, the future presidential candidate, one day he would spend school holidays working in chamber sugar packaging of the new company.

The company was for presidentialCharles W. Brown, the owner of the newly crowned 5600 shares of stock. Brown was also the president of the Pittsburgh Plate Glass. Day after day went to the financial functions of 36 years Edward Pitcairn, one of many grandchildren John Pitcairn. Edward was in 1910, is treasurer of the Pittsburgh Plate Glass, a position that could keep the rest of his career. Carmen Smith, a lawyer with a long collaboration with Charles Brown, who moved from a period where the couple lived in Minneapolis,The responsibility for overall management of the new company. Moreover, he assumed the title of Secretary-Treasurer. He recently had his wife Isabella and their three children, Daisy, Carmen, Cedric and moved to Bay City, where he served as treasurer of the Michigan Chemical Company. Joseph Kohn has taken the role of the general superintendent of the factory.

Trained at the Institute of Technology in Prague, Kohn graduated in 1883 with a degree in mechanical engineering and process engineering. After hisSchool was used by Breitfeld, Danek from Prague and subsequently gained experience in a sugar factory in Moravia, a region in the czech Republic was present, but then part of Austro-Hungarian Empire, and has also worked with the designer evaporator Hugo Jelenik. In Moravia, worked with Carl Steffen, the inventor of molasses sugaring process that bears his name. While Kilby Manufacturing Company employees, Kohn Kilby developed the set in the factory.

KilbyManufacturing has contracts to build two factories of 1,000 tonnes in Michigan, one after another in Owosso and Menominee. The two would hold the record as the largest sugar beet in Michigan, was made from 1,200 tonnes a plant in Mount Pleasant was built in 1920. In addition to the two plants of 1,000 tons, Kilby had a contract for a standard system of 600 ton in East Tawas. It would be a busy year for Kilby, who also contracts for three plants in Colorado, had ever received for a Fort Collins,Longmont, Windsor and Fort Collins wins the largest factory built by Kilby-1, 200 tons per day capacity slicing. The price for the Owosso plant to $ 675,000, on a per tonne of sugar was cut to $ 675 $ 1,197 lower than $ 785 in East Tawas and Menominee. In fact, the cost of factory built Owosso less per tonne of each slice factory in Michigan.

The Owosso plant came to life on 9 Without the usual fanfare in December 1903 assigned new beet sugar factories,Usually include bands, parades and much fun talking about opportunities for local celebrities and politicians attended. In a sense, more peaceful, Charles W. Brown, of Pittsburgh came and brought with him as a guest of honor, James Wilson, the Minister of Agriculture. He rose to national prominence when President William McKinley appointed him Secretary of Agriculture in 1897. His stature was such that President Roosevelt and Taft kept him as secretary, and onlysweep in the 1912 Republican nomination in a train from office, he completed his term of Woodrow Wilson. He served as Secretary of Agriculture 4 March 1897-3 March 1913, served the longest term served by an official of the U.S. government.

After a brief ceremony, the Secretary Wilson pulled the whistle cord, causing the beets out of the channel. was in contrast to many of the sugar beet factory built in Michigan, was the central figure, the local money and prestige on the line for the setFactory. The majority stake was far lived in Pennsylvania, their officers and managers elsewhere, Bay City, in the case of Joseph Smith and Kohn and Carmen near Pittsburgh for Brown and Pitcairn. It was not unusual for absentee owners to overlook the obvious - input by farmers. If a lack of farmer interest manifested itself does not cause heart palpitations in the boardrooms of the Pittsburgh Plate Glass. After all, who twenty years earlier, John Pitcairn forged a new AmericanIndustry from the ruins of similar but unsuccessful attempts, as he struggled away from the glass market in Europe, and has developed one of the largest and most modern factories of its kind in the world
Farmer apathy was a slight inconvenience, not a devastating blow for someone, the production of flat glass has been transformed into a single American industry had. The answer was at hand and Carmen Smith, has appointed its ambassador, had explored the possibilities of how to reach the walls of the building against the skyOwossians who had the surprise of the weekend throughout the summer of 1903 gathered to take in width and weight of the industry Goliath is growing in their midst. Of course, people's minds Pittsburgh Plate Glass great. They were thinking even bigger factory Sidewalk Superintendent imagine, bigger than any factory tour until that date. They were not only the construction of a sugar beet factory provides almost twice bigger than all the sugar factories are in the UKStates, were both on the board of the foundation of the largest sugar beet farms in the United States and the largest single farm operation in the east of the Mississippi River.

formed the south and west of Saginaw, Michigan was a vast marshy area during the last ice age. The bottom edges of the convergence of several major river systems, the Saginaw River, which was then and now flows 22 miles north of Lake Huron. The eighteen thousand acres of marsh served as an important stepBreeding ground for migrating waterfowl, ducks, geese, swans. It 'was the biggest natural habitat of wild animals in the American Midwest. Has properties that protect the low interest to farmers - frequent flooding. But that changed when Harlan B. Smith, a producer who speculates Saginaw buggy also in real estate, a partnership with two lawyers, Charles H. Camp, and George B. Brooks has come to acquire and then develop about 10,000 hectares of heathland. Your effortsSpanning fifteen years, a big drain which led to extended nearly two miles across the prairie, which enable them to convert hundreds of acres of marsh into arable land.

When Carmen Smith was looking for a long stretch in which an event of beet, while ensuring that the Owosso plant would all want to beet would have to install the Prairie Farm quickly and efficiently. Smith completed the purchase of 22 February 1903 and soon a steam excavator, aMonster to dig into the ground is designed to download Mucky immediately after the Saginaw River in the prairie. He bit into the ground in front and form a dam 20 feet high and creating a channel that used to be until the morning traffic from acres, he said, the country had half a million years expected to arrive giant mechanic.

Finally created Owosso Sugar Company thirty-six miles of levees, some of which eighty meters wide at the bottom, forty feet high and winds up.Others were designed by smaller, but all for the same purpose - and then drain the country dry. Roads crowned the tops of the levees and the pages turned to grass for use as grazing sheep. Half the country was drained by open ditches and a half have been with large pumps and discharge their cargoes sent to the nearby Flint River. Once it was dry, the reclamation was very similar to playing chess in twelve lines, place the parcels 1640 acres. Almost overnight, for aCapital expenditures of $ 400,000, Smith turned the Prairie Farm from a loss of activity of the larger properties and sugar beet in Michigan, and probably the United States, if not the world - ten thousand hectares. The new factory could now put aside concerns about an adequate supply of sugar beet.

Owosso Sugar Company's first campaign

The first campaign for the operating system Owosso Sugar Company, developed as usual, with factories Turnkey Kilby reached the guaranteed interest rate of 1,000 piecesTons of beets for twenty-four hours. Construction contracts usually require a new plant to make guaranteed interest rate for a time, through negotiations in September to one or ten days and usually occur under the supervision of engineers Kilby few days after the start. The same engineers could retire once the new owner the certificate of completion, delivery signed for the factory managers. The rate declined after the disk Owosso 'Factory achieved the guaranteed rate for the same reasons, probably share prices in most of the new factories in decline - the inexperienced operators.

Since the Prairie Farm was still in its infancy, produces less than turnips in subsequent years, the treatment period, defined as "campaign" by the industry, to last only 48 days to January 26, 1904. During her maiden voyage of the new wafer factory in an average of 542 tonnes, far short of the 1,000 tonnes required forDay. The second campaign was five days shorter, but almost doubled the target rate, reaching 930 tonnes per day for 43 days.

While the Owosso plant was under construction, the manufacture of sugar beet Lansing, Benjamin Boutella, a major investor in several sugar beet factories in Michigan and two years before, built by a lack of management control suffered. Cancer diagnosed early in 1902 his wife Amelia Boutella died Nov. 27 at the age of 52 years, despite its efforts to discoverHealing. Not having the heart to its commercial interests, sold the plant in Lansing, Owosso Sugar Company.

Kohn and Smith now had four main operations: two sugar factories, the Prairie Farm, and the Chemical Society of Bay City Michigan under their control during the year before having to use only chemical company of their time and thoughts. The Prairie Farm employs 160 people and 58 teams of draft horses and each of the two factories employed hundreds more in addition toWorkers of the chemical factory located in Bay City. The two managers, 45 were in constant motion, visit the property, headquartered in Pittsburgh, and participation in industry conferences In addition to meeting with members of Congress and the Department of Agriculture. In 1910 Joseph Kohn was the first to calculate the cost of doing so. He suffered a heart attack and died at the age of 52.

The year before his death Kohn, 8,500 acres of Prairie Farmbeen diked and drained with gravity and pumping systems and for the first time rose by a square mile of sugar beet. Peppermint provided additional revenue (35,000 pounds of mint oil in 1909), while the coal followed in importance behind beet.

For six years after the death of Kohn, Carmen Smith continues as before, assume responsibilities in addition to its Kohn, until 1916, when he put the two sugar factories under the direction of Charles D.Bell, who had served as a manager at Alma before joining the staff Owosso in 1907. Owosso Bell remained for sixteen years, so that after Michigan Sugar Company has acquired Lansing Owosso and factories in 1924, after which he returned to the family ranch in Los Alamos, Calif., where he soon discovers oil and retirement.

In 1920, aged 62, died Carmen Smith, like his friend and collaborator, Joseph Kohn, suddenly of a heart attack while driving homeby train from Chicago. Carmen Smith was a revolutionary era. Joseph Kohn in 1910, Joseph Kilby in 1914, John Pitcairn in 1916, and Carmen Smith in 1920 - those who had lived the dream of building a factory beet largest and most modern in the world sugar, then topping with the country largest single beet farm had passed from the scene. Unfortunately, that did not last.

According to the story of Daniel Gutleben of the sugar beet Michigan (The Sugar Tramp-1954), Pittsburgh plate glass, has expressed concern that the sugar beet Michigan, too small to compete with the large quantity of imported raw sugar refineries built to process, could not compete with the volume of sugar duty free into the country. He decided to both Owosso and Lansing, Michigan Sugar Company at a price, the press reported on the preference shares in more than $ 2,000,000. The Prairie Farm remained in the hands of the heirs of John Pitcairn.

Michigan SugarOwosso combined company operated for the next four years, until declining interest of farmers with the avalanche of imported sugar in 1928 caused the factory to close. Michigan Sugar is missing the main benefit once from the first owners - the Prairie Farm Could take place, Therefore, farmers do not grow turnips command when other crops, corn and soybean prices low for investment less attractive and less work. Reopened again for a year in 1933, was closed, however, kept hopeReadiness. Hope finally surrendered to the reality that farmers would not be returned. The factory buildings were sold in 1948. Evidence that the final failure of the Owosso Sugar Company had no rest, lay on the shoulders of the administration in the appointment of the Secretary Owosso Edward Bostock, Chairman of the Board of Directors of Michigan Sugar Company.

Sources:

Denslow, William R, and Truman, Harry S., 10,000 Famous Freemasons from A to J Part One (in terms ofCharles W. Brown's career with Pittsburgh Plate Glass Company)

MILLER, Ed and the beach, Jean R.. He has published the Hall of Fame, Saginaw, Saginaw Hall of Fame, 2000. (In terms of Wellington R. Burt)

GUTTLEBEN, Daniel, sugar Tramp - printed in 1954 by Bay City Duplication Company, San Francisco, California

THE CUREUX, history Keith Albee Township, Saginaw, County, Michigan, Chapter V, Prairie Farm.

Betzold, Michael, Detroit Free Press Magazine, December 26, 1993Utopia Revisited - an article describing the history of Prairie Farm.

Copyright 2009, Thomas Mahar - All rights reserved

served About the Author: Thomas Mahar as executive vice president of Monitor Sugar Company, 1984-1999 and as president of Gala Food Processing, a company packing sugar, 1993-1998. He moved in 1999 and now devotes his free time to write the history of the sugar industry. Wrote, Sweet Energy, the story of Monitor Sugar Companyin 2001 and Michigan History beet (Newsbeet, Autumn, 2006). Contact: Thomas Mahar E-mail

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Starting a Teleconference Company - The SWOT Analysis

In starting any business venture, you are taking a great risk. As we all know, risk cannot be fully removed from the concept of entrepreneurship. What one can do, however, is to reduce it. Before you start a teleconference company, you need to analyze whether it will really be the best move for you. One of the best methods you can have is the SWOT analysis. What exactly is it? Well, the SWOT analysis helps you judge a business venture through four factors:

1) Strengths - What is it about you or your company that sets you apart? What sort of skills do you possess that others do not? What comes from deep within you that will enable you to succeed? You need to understand that in order to succeed in business, you should have strengths. Whether it is a vision or an undeniable passion for teleconferencing, you need to find out what it is within you which will allow you to conquer any obstacle which stands in your way.

Taking account of your strengths will allow you to see if you do have the initial resources required to start a teleconference company. Despite what movies show, starting a company is not a piece of cake when you don't have any capital. You also need experience. Although it is something that you might gain over time, experience is something that you need right from the start of the teleconference company.

Why is experience necessary as strength? Well, you have to remember that people rarely invest in something or someone that has not been tested by time. And you know that you need investors. Because of this, you need to be able to show some sort of credential. For a lot of people, experience is enough.

2) Weaknesses - Just as you can see what it is about you or your company that you can consider to be your strength, you should also analyze your various weaknesses. You need to be very honest in examining weaknesses since knowing them fully is empowering yourself to fix them. If you turn a blind eye towards your weakness, how can you reinforce it?

Knowing your weaknesses will enable you to discover how to get rid of them. Perhaps you are great at the technical aspect of running a teleconference business, but can you handle the administrative duties? Can you handle the business side of it? Through proper and honest analysis, you will be able to make sure that you are able to at least make use of your strengths to make up for your weakness.

Knowing your weaknesses will also enable you to project possible problems that could arise from them and empower you to make sure that those problems never arise. By knowing your weaknesses, you will be able to find that you can even turn some of those weaknesses into strengths.

3) Opportunities - These are the factors which will enable you to improve your business but are not directly under your control. In starting a teleconference company, the biggest opportunity you can encounter would be technology. You need to observe your surroundings about various changes that are happening. As you may realize, there's no stopping change -all you can do is ride the wave and hang on the best you can.

Another opportunity you can take advantage of would be the increasing amount of traveling that executives do. As you may realize, a conference call is often only necessary when people are apart. By monitoring the different travel habits of executives, you will be able to pitch your services to the right people. This will help your company grow much, much faster.

There are those who say that opportunity knocks. However, you have to realize that the smart entrepreneur does not wait for opportunity to knock -he seeks it out.

4) Threats - You need to realize that there are also negative factors that you cannot control. These are the threats. You need to think about the different things which you do not control and yet could cause the downfall of your company just the same. There are various threats to a teleconference company, the biggest of which can be an established competition. If you are starting your teleconference company, knowing about the different threats involved can help you use your strengths to overcome them.

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Personality styles and joint ventures

One of my clients that have radically improved a chain of restaurants owned business, if we have tested its employees for the personality styles and reorganized the business. We have all the characteristics of all four major personality styles, but one is dominant in the rule. In business, it is important to recognize our strengths and use them, and find the others to complement our weaknesses. There are no right or wrong type characters. Here is a brief overview.

The High D - DominantStyle (minority of people is the hardest to find) and bottom-line results-oriented, impatient, sometimes rude, driven and extroverted, with weaknesses in detail. Scared: exploits demolished /. Well NO, great pioneers. Do you need the numbers and systems guys.

The High I - influencing the style is an extrovert, "party animal" to meet some great people up and down in relationships, popular, good opener is, weakness details and time management. Scared: in embarrassmentPublic. Needs NO and numbers guys.

The High C - Cautious style is introverted, loves details, numbers and systems more than people, good guys and numbers accountant, computer expert, analyzers. Weakness of analysis, the fear is the criticism of their work. Requires the extravert and the drivers.

The High S - Steady-style (most people) is an introverted person, loyal, team oriented, family type, great systems and support staff, security and long-term relationships, fears, needsRisk, conflict and change. Needs to take something and move others to create change, and unpopular measures.

This is a very simple concept, but an understanding of our strengths and weaknesses and allow the people what they can do well on Thu, avoiding tasks that they are at low, is simply smart business sense. For the technical sales, we use high C's and S's. Ideal sellers are usually high D's with secondary's. You would not an accountant, who is a high D or a high SStart a new business. You do not want a high C to be host at a cocktail party, and we do not want two high I am behind a desk because we talk all day!

With personality style analysis has helped many of my clients to be better entrepreneurs and hire the appropriate people. Self-knowledge is to succeed. I use the DISC model of analysis - there are many others available, including the Myers-Briggs Type Indicator.

Sales Tip

Selling to High D's:Results and discussion ROI and close early and hard.

Selling to High I's: build relationships, have fun and close early.

Selling to High C's: Give plenty of information and evidence and take some time to conclude.

Selling to high S: It is evidence that his support and relationships in force is made long after the sale, and then close slowly.

Management Tip

Managing High D's: Give them a lot of control and clear goals and do what you say you will do.

Managing High I's reward: Theypublic, so they look good and see their time allotment.

Managing High C's: Be precise, do not rush, and complement their work (they start doing something right), set time to achieve goals.

Managing High S: Make changes slowly, a lot of security, stocks offer long-term plans.

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How To Be a Public Company

The average person would probably think that you have a very large company like Hewlett Packard and Microsoft to the idea of going public or consider an Initial Public Offering (IPO to entertain). In fact, the truth is, every company can a publicly traded company because there is no minimum asset or revenue requirements.

That is the secret of Wall Street kept experts, the members of its elite counts are up recently: Nearly half of all public companiesExperience revenues under three million $ $ with many of them have yet to show profits, and some are start-ups, but many have long business.

Foreign private companies or public companies can be listed companies in the United States without a U.S. company.

As a listed company many advantages, such as supply of prestige, liquidity, and the abiltiy to use the shares as currency for acquisitions.

In the past, some private companies went public withReverse mergers with public shells. A company spokesperson said: "Why do a risky reverse merger with a public shell when it would do so much easier - and less time-consuming - to an S-1 Registration statement and meet all the conditions are necessary to comply with FINRA (Financial Industry Regulatory Authority) (formerly known as the NASD). She also said: "Wall Street investment banks and many businesses do not care for, together with public shells and reverse --Mergers.

With the cost of going public through a public shell company, it makes much more sense to file a S-1 registration statement.

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Commercial Law - Company Law - Joint Venture - Contractual Construction of the clause in a joint venture

The case of nearfield Ltd v Lincoln Nominees Ltd and others [2006], addressed the issue of the construction of a contractual clause in an agreement. The first defendant was a nominee company of the second accused. The first defendants in the British Virgin Islands incorporated.

In April 2002 the applicant company in a joint venture agreement (the "JVA") for the rehabilitation of a particular property. Under Clause 4.1 of the JVA, the applicant was under an obligationa loan amounting to EUR 3000000 in advance to the first defendant. According to paragraph 5.1.3 would be the life of the loan for three years from the date of the loan. After three years, would "give the second defendant to" the payment of the loan with all outstanding interest on written request by the plaintiff.

The redevelopment of the property was not successful and so the property was subsequently sold. Although some payments had been critical of the plaintiff's net loss was EUR 2,251,406.23plus interest of £ 1,030,947.35. The plaintiff attempted to enforce Paragraph 5.1.3 of the JVA.

The plaintiff claimed that 'give in Section 5.1.3 are an obligation of the defendant, the second defendant paid the sum of 3,000,000 outstanding, together with interest at the written request of the applicant be guaranteed. They argued that making the case of default by the defendant to pay, it was liable for damages equal to the amount payable to pay, but not reimbursed under the firstDefendant.

The second defendant argued that the extent of its obligation under clause 5.1.3 is to only try to bring about the repayment of the loan by the defendant, and not be further extended to give so that a promise or guarantee that the loan will be repaid would be in full from the defendant.

The request was approved.

The importance which was a document that would give a reasonable man, not the same as the meaning of his own words. The court ruled that theMeaning of the words was a matter of dictionaries and grammars, while the importance of the document in question is to mean what the parties understood these words in conjunction with the relevant background, with reasonably been to.

Acquire the normal meaning of the word was "to see" too. Thus, a person, the agreement to procure that a third party had fulfilled a contractual obligation to carry out the following:

- This would be necessary to try to ensure that the third partycomplied with the obligation and

- In the event that the third party does not comply, they would damage calculated by the amount that ought to be paid and paid by the third party.

There was nothing in the correspondence between the parties in this case, suggesting that "procure" in section 5.1.3 has a different meaning in different parts of the prisons should, nor could it suggests that obtaining meant 'otherwise than as the applicant put it:namely, that it meant to "ensure".

In addition, there was no limit, expressed in terms of the JVA and it could easily have happened. Therefore it was decided that paragraph 5.1.3 was interpreted as the applicant should be submitted. In any case, there were no documents or evidence from the drafts in advance of the JVA, which had a different result.

The court ruled that the second defendant was likely to raise the "" that the defendant repaid the loan,Plaintiff.

Comment: The parties must still limit the extent of their debts to the entry of joint ventures.

Please contact us for more information on the assessment of damages due to termination of a contract with enquiries@rtcoopers.com

Visit http://www.rtcoopers.com/practice_corporatecommercial.php or http://www.rtcoopers.com/practice_corporatefinance.php

© RT Coopers, 2007. This briefing note provides no comprehensive or complete statement of the law ondiscussion on the issues, and is not legal advice. It will deal only with general issues. Specialist legal advice should always be sought in relation to the particular situation.

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7 tips for a successful company

It's pretty easy to find a new one, but the real challenge is to promote survival in the cutthroat competition and the growth over the years. One of the main reasons why most companies are facing a very difficult time is the lack of appropriate marketing plan and minimal focus on branding. Because only if you are able to present your products properly on the target market segment, you have to create the possibility of revenue to your business forward.

While a commercial successlargely based on joint efforts of various important functions in the early years, it is very important to focus on brands. Your branding efforts should be strong enough to be introduced not only the name of your company to your target segments, but also create an impact on them. For a new company was the marketing and branding strategy, ideally, be able to build its presence, create awareness, build credibility among the target market segment and contribute to the status andReputation. Here are seven tips to achieve, which really help you succeed with your new business.

You should give your business plan - This is the first step. Probably the most common and biggest mistake, not do is that most entrepreneurs, the creation of proper documentation of their business plan. We all know what we intend to do, and yet it is important to write them in a formal business plan. It is always easier to follow a written plan. Your business plan should contain yourDescription of the company. Objectives, marketing strategy and budget, business overview, facilities and infrastructure projects, description of products and services, Industry Overview, Regulatory Issues, implementation plan and budget.

Focus on branding - Just do everything we can to promote your brand. Get a professionally designed logo, the right to represent your company, the people would. Get your business cards, letterhead, brochures and promotional literature design andPrinted by professional design and printing. Make sure that your logo design is properly positioned in all of these. Do not fall for the cheap DIY pray logo and branding solutions that they could save some $ $ for a start, but it would really lead to a toll on your brand image.

Create a Web Presence - It is very important for every company, regardless of its size, have a website for himself. Most consumers have their first research on the Internet before making a purchasing decision. It isimportant that they are able to find you at this time. Even a site that adds value to your brand and gives you an additional medium to communicate with your customers. Get your website designed and developed by professional Web developers. Your website should ideally be an extension of your brand and provide additional information to your brochures and print media. Try to update your site frequently with useful information, this gives your visitors a reason to check back your siteregularly.

Create a marketing strategy - investing, most business organizations do not spend in advertising, but often a company the maximum ROI for their advertising, because the advertising strategy is effective or sometimes there is no fixed strategy. Make sure your ad is specifically geared to your market, for example, if you have a local store, it makes no sense for them to advertise on a global media, but the local newspaper is a much betterOption for you. Be consistent in your advertising campaigns. The more your customers see your company ad, the deeper implications it creates. It was observed that a 5 minutes film creates ad served 10 times a greater impact on the consumer than a 50-minute film ad. For your ad composition, it is always advisable to consult a PR agency. If you try to ensure it myself, that your advertising your customer leaves with a good reason to you and your brand and USP the right contact personpresented.

Advertising is the key - do Yes, what you ask for your company to the forefront. There are several things you can do for advertising. Send a press release announcing an opening for the new business, with a brief description of your products and services. Keep your release short, accurate and interesting. Write letters to the editors of local newspapers and magazines about your industry and product. Send press releases to communicate with you moreMiscellaneous events. For example, if you win a business award, given the membership of a professional association to provide services for all the love, or even if you're hiring an industry known for a key position in your company. Try writing articles and reviews for local publications and journals. This would help to build your credibility as an expert and would add value to your business brand. The level of people's trust on such experts is much more than what you canobtained through the purchase of the best ad slots on magazines.

Business Networking - Word of mouth is certainly the best form of advertising and the more you expand your business network, the more can such a publication. Try Accession professional associations in your industry, a member of the Chamber of Commerce participate in networking meets and special events that you can interact with more people. Volunteers to participate in an NGO, obtained with a charity organization, or subject in schoolBoard. It is not just paying back your community, but also, and you put yourself and your business from the public.

Measurement, analysis and decision making - This was supposed to ongoing processes in your business lifecycle. They have submitted a business plan, but that does not mean you will follow it blindly. Measure the performance that you are getting from all the efforts you in your business. You see, if there is more or less than what you expected. Analyze the reasonsfor each deviation, whether positive or negative, and then use the results of this analysis to make informed decisions for the future to make. You must remember that, you should not to judge too quickly. To obtain an adequate understanding of your business, you should have ample time to run, which makes it possible to carry enough data to analyze a fruitful able.

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