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I once knew a man who worked for a major oil company. He managed a large wholesale territory that sold fuel and oil products to airlines and other big accounts. Some years ago, the company decided to pull out of his territory. They offered him the opportunity to buy the wholesale business “for a song,” which he readily accepted. He worked diligently and set specific financial goals for his company. He committed these goals to writing on 3x5 cards and kept them in his shirt pocket so he could frequently review them. Everything he did with that business was aimed at fulfilling these goals.
At age ten, Kent Andersen set his sights on being a doctor. He never once doubted his future in medicine—that is, until he submitted his medical school application. To the shock of friends and family, Andersen decided being a doctor wasn’t what he wanted to spend his life doing after all.
With the exterior complete and the interior finish work picking up pace, the Tanner Building Addition is quickly coming to life.
The retirement question often surrounds how much money you’re making, saving, and spending. It’s all about the time when work ends and, presumably, fun begins. You’ve either been stashing cash away, buying stocks, or even building a family business with the possible goal of selling it and enjoying retirement. Yet once retiree life begins, the financial work doesn’t suddenly end. The question now becomes: How will you make your savings last so you don’t run out of money before you run out of life?
If you think about the decisions you make between the ages of eighteen and thirty, you’ll realize they have a fundamental impact on where your life actually ends up.
When we think about principles of leadership, some things work quite consistently across many organizations with widely different objectives, cultures, communities, and people. These principles work because they’re fundamental and simple—therefore you may have a tendency to dismiss them.
More than eight hundred people crowd BYU’s Joseph Smith Auditorium on a spring afternoon—some anxious, others curious. With the mix of chatter and upbeat music filling the room, a pep rally may seem imminent, but this gathering is a bit more cerebral in nature.
For centuries China has fascinated Westerners, exerting its influence in culture, government, philosophy, and religion across the globe. Although many Americans associate the country with egg rolls and sweet-and-sour chicken, China is shaking off stereotypes and embracing new ideas to increase its worldwide economic strength.
This is the fourth of a five-part personal financial planning series sponsored by the Peery Institute of Financial Services. The final installment, on savings and retirement, will appear in the Winter 2006 issue.
Talk to any cheese importer, student studying abroad, or retired couple finally realizing their dream to see the Sistine Chapel, and you're bound to hear that leaving the United States hurts, especially in the pocketbook.
No one in Beatrice Cortes’ family has ever completed graduate school. So when the California native and Mexican descendent graduates from the Marriott School next year with her MBA, she will be making history. But passing that milestone was only a dream until she received an Extended Reach scholarship. “The scholarship got me into grad school sooner than I could have done on my own,” she says. “I am fortunate to have it and am very appreciative.”
Lessons from Joseph Smith, Lehi, and the Recent Accounting Scandals
Successful organizations are dynamic, not static, always looking for a better way of doing business. With a vision of what they want to become, they set goals that make the vision a reality.
After a quarter of a century, we pause to look back at the development and growth of the now worldwide Management Society.