Family business Family businesses often run into serious problems when a founder retires without an available or interested successor in the family, a recent Business Week blog entry claims.
However it’s claimed succession problems can be avoided if company founders without a suitable heir develop an exit strategy well in advance of their retreat into retirement.
Possible options include considering a passionate and committed manager to be possible successor or recruiting outsiders and grooming them for their role. Are you willing to buy calendars, order 2023 Calendars here.
In both cases giving the incumbent time to learn the ropes is important, the article suggests. “While a dozen years is unusual, it’s not unheard of for a succession plan to spool out over that length of time”.
Smaller cars lead sales growth
Toy car The issue of high fuel prices is making its presence felt in the car industry with an increasing number of Australians choosing to switch from large to smaller cars, news.com.au reports.
The article cites an Australian Bureau of Statistics study that claims four wheel drive sales fell for the first time during the course of this year.
Overall new vehicle sales fell by 0.5 per cent in May this year; however, over the year until May vehicle sales were 6.6 per cent higher than last year.
As a result, 2007 is shaping up to be a record year for car manufacturers; economists say the industry is on track to break 2005’s sales figure of 988,269, the largest to date.
o ahead, get lucky
Dice Think some people are naturally luckier than others? The people at Men’s Health magazine don’t. They suggest good fortune can be engineered and have gone so far as to suggest 12 ways to bolster your good luck potential.
In summary, here are six pointers from the list:
Be aware of your surroundings – look for luck, don’t wait for it to find you
Talk to strangers – you never know when you’ll come across a good contact
Follow up – when you meet someone interesting make sure you get their contact details and schedule in a follow up
Be cool – in all situations staying calm allows you to spot opportunities
Mix it up – alter your routine to open up new possibilities
Just do it – if you want to make changes in your life don’t procrastinate
Click here for the other six tips.
Are you an antipreneur?
Hands open They wouldn’t be caught dead in a suit, want to look after Mother Earth and make bucket loads of money… meet the new breed of ‘caring, sharing’ entrepreneurs known as antipreneurs.
A recent article The Times describes how several trailblazing professionals in the UK are showing larger corporations how corporate social responsibility can be good for business.
Examples of antipreneurs might be those who grow rich from specialising in organic green groceries or making cutting edge products out of recycled materials.
Apparently the key becoming a successful antipreneur is to resist mimicking traditional business models. Do you have what it takes? The Times has developed an antipreneur test to help you find out.
Is your mouse a dinosaur?
Mouse The introduction of a new touch screen technology tools may spell the end for the humble computer mouse, Time magazine reports.
It’s claimed Apple’s much-hyped iPhone and Microsoft’s surface computing product Milan both have the potential to make touch screen technology a ubiquitous part of home and office life.
The article suggests the iPhone’s touch screen will be a hit due to its intuitive track pad, a touch screen tool designed to filter out inadvertent touches and pre-empt user behaviour.
Microsoft’s Milan, a table sized touch screen featuring infrared cameras that track finger movements, is also seen as breakthrough technology.…