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Judith Martin, of Miss Manners newspaper fame, wrote in a recent column, "Question: At what age should children be taught how to eat properly? Answer: In their mid-to late-twenties. Question: What is the best venue for this instruction?
This is the third of a five-part personal financial planning series sponsored by the Peery Institute of Financial Services. The next installment, about getting out of debt, will appear in the Fall 2005 issue.
In finance there’s a well-known problem called the principal-agent conflict. The conflict arises when managers and owners of a firm have different incentives. When that happens, managers may make decisions that benefit themselves at the expense of owners.
A student-initiated fundraiser is reaching new heights at the Marriott School. The second annual Corporate Climb, held 26 March 2005, helped raise more than $12,000 for the school’s annual fund. Participants sprinted up stairs and raced around corners—but not because they were late for class.
Against all odds, the U.S. Olympic Hockey Team stole the gold medal at the 1980 Winter games in Lake Placid, New York. The squad of amateurs knocked off Finland in the finals, clasping the gold and earning the title "The Miracle on Ice."
There are no easy fixes to maintaining a workable balance between family and career; it is always a struggle. I have found that this sort of balance can only be achieved through clear focus and relentless personal discipline.
Ahead of the Times
Five Keys to Success
Despite the conversion of hundreds of dot.coms to dot.bombs over the past year, Americans continue to view entrepreneurship as a career path with potential.
I own two small companies. It’s hard to pay myself benefits, let alone all my employees. The first thing to look at is making sure they are paid a competitive wage, then add vacation/holidays and keep within reason. Next, they might need health insurance, but if the spouse is working elsewhere and is covered, we can sometimes eliminate it. Finally, you might look at adding tax deferred savings plans and insurance. Since both my companies are retail, we offer very steep discounts to employees. It has been my experience that most people working for small companies do not expect superb benefits. Also, in order to keep costs down, you must do a lot of shopping.
A Business Idea Whose Time Has Come
Several weeks ago, I traveled to the north side of Chicago to visit my son. I drove from downtown Chicago to Lincoln Park, where he lives. As I turned onto Clybourn Avenue, I suddenly encountered a scene that I hadn’t seen or thought of in years—the Clybourn Gospel Chapel.
2001 Microenterprise Conference Address
Preventing Project Management Meltdown
Over the next year, many of you will go through a performance review. your direct supervisor will evaluate the contribution that you have made to the success of the organization and help you develop a plan to build on your strengths and focus on opportunities you have to improve.