BUSINESS Conversion of House Borne Take Peek Inside Region Gets Cheney Home for Sale Cool Relief Small Business Fall^Ire Slated Tor PZC Debate
Total Page：16
File Type：pdf, Size：1020Kb
to — MANCHESTER HERALD, Suturduy, Sept. 10, 1983 BUSINESS Conversion of house borne take peek Inside Region gets Cheney home for sale cool relief Small business fall^ire slated tor PZC debate .. page 2 Business ... pag« 3 ... page 11 In Brief Manager's rnisu&e of time often at fault New chamber member By Bruce Bakke said. "Figures are the language of the business, any Hedy Pahiardi, who for eight years has run UPl Business Writer You must plan for growthv You business. If they can’t Interpret them, they really Hedy’s Home/Office of 164 E. Center St., is a new must plan for your people, your cannot manage a business effectively.” member of the DALLAS — Frank Northcutt specializes in solving' • Cash flow. Northcutt said small businessmen Greater Manches the problems of small businesses. Manchester, Conn. money, your space. If it involves often do not understand cash flow, the need to have Clouds with rain ter Chamber of Since 70 percent of all small businesses fail, it isn’t enough cash on hand to cover operational expenses Monday, Sept, 12, 1983 Commerce. hard to find problems. Very often, consultant substantial growth, you need to such as rent, taxes, payrolls and insurance. tonight and Tuesday Hedy’s firm] with Northcutt finds, the problems are. the fault of plan for top managers as much "That cash flow problem kills a lot of small Single copy; 25C three part-time em management. businesses... A small business can live without profits — See page 2 ployees, specializes “ It’s not inept management," he told UPI, "but a as a year in advance. for a period of time but it cannot live without cash. A in steam-cleaning, misdirection of the manager’s time,” a concentration business can lncreas;e profits and increase sales but floor-stripping and on the phase of the business in which they are most entrepreneurs do not like to do. They may be good still go broke because cash lags behind.” other heavy clean talented to the neglect of other areas. visionaries but very few like that type of detailing.” Some entrepreneurs fail again and again.’’Some ing work. An experienced cook, for instance, starts a • Lack of sales. Wliat may be classified as lack of times, unless they have been very much aware or are Ms. Palliardi, restaurant that serves fine food. But the restaurant sales in a business failure, Northcutt said he has found very objective, they go back and make the srnne who resides at 68D closes its doors in less than a year because the location often is improper markup. mistakes again,” Northcutt said. Bridge fall Sycamore Lane, is was bad, because the waiters and waitresses^ere “ They either don’t mark up enough to have an Often, he said, a business will succeed at first but superintendent of poorly trained, because he couldn’t meet the payroll. asking price that will allow them to cover their costs, run into trouble as it grows. the Villager Apart An outstanding salesman starts a retail store. cover their risk, and cover ... the cost of (borrowed) "I urge my clients always to have a minimum Angry pilots couldn’t be ments and is start Although he is able to Wove merchandise, the store money. Or sometimes they will not know the facts, growth goal,” Northcutt said. "You must plan for ing a business that folds because he didn’t understand cash flow and he mark up too much — and then they’re not growth. You must plan for your people, your money, will make movies, didn’t understand pricing. competitive.” your space. If it involves substantial growth, you need predicted with sound, of wed Northcutt, who teaches at the University of Texas qt * Bad management, especially bad financial to plan for top managers as much as a year in ' dings, anniversar Dallas, has been called in by fiifancial institutions and management. Some managers don’t know how toread advance. ies and other special by the Small Business Administration to heip in and interpret the financial reports peculiar to their "You can’t just pull them off the street. They need to halt flights; y Bv Mark A. Dupuis events. turnaround efforts for troubled firms. He listed four business, Northcutt said. be honed and groomed and trained in their United Press International Hedy Palliardi Ms. Palliardi is a major reasons why small businesses fail: “Worse yet, some don’t even have' adequate responsibilities.” 1966 graduate Of • Undercapitalization. “ I find a lot of them really do records. They don’t know how to keep records or when When businesses fail, management gets the blame. HARTFORD — State inspectors RHAM High School arid has taken business not plan what their minimum capital requirements they do set them up they aren’t maintained as well as "What might seem on the surface to be inept who examined the Mianus River courses at Manchester Community College and a r e ... A lot of failures could be circumvented by more they should be.” tnanagement often Is misdirection of time, not bridge in September 1982 were the University of Connecticut. careful planning... It’s sorfiething a lot of independent Interpreting the records properly is vital, Northcutt selecting priorities," Northcutt said. bodies found unable to detect conditions that led to the collapse of a 100-foot section of the span earlier this summer, Coleco, AT&T cooperate By Steve Hagev officials said today. United Press International HARTFORD — Cctleco Industries and Ameri Stiff competition Related stories, . The Department of Transporta tion said work two consulting can Telephone and Telegraph Corp. have European pilots angered-by the announced a venture to offer the use of home picture on page 9 engineers indicated it was not destruction of a Korean jetliner computers and video games over the telephone. means city banks * W l possible during the ins/le^on for today began a 60-day ban on air Users of home computer and video games the inspectors to detect signs of the travel to the Soviet Union. ment insists — nqay have fired would be linked to a central computer throftgh imminent collapse of the Connecti Searchers in Japan recovered the warning shots at the plane carry existing telephone lines and a special converter must align selves remains of two more victims front ing 269 people, including 61 cut Turnpike bridge. modem, the firms said Wednesday. Three people were killed and the downed aircraft. Americans. Morton E. Handel, Coleco executive vice three others injured when the The ban halting more than 40 In Washington, U.S. officials president, said consumers with a home computer 100-foot, 250-ton section of the flights a week is intended as more said they reached that conclusion or video game systems can play the latest in bridge fell into the Mianus River in By Bruce Bakke than just "a demonstration of our after a closer study of intercepted interactive and strategy, arcade games and other Greenwich during the early morn United Press International revulsion and outrage,” said a radio messages from Soviet pilot's entertainment software. spokesman for the airline pilots who pursued the Korean Air Lines ing hours of June 28. Despite limited details of the venture, it In a lengthy report released FORT WORTH, Texas — Small country banks and from nine European countries. jumbo jet through Siberian airs appeared that Coleco would develop a bank of today, a DOT review panel con big bank holding companies will be able to meet the Terry Middleton of the Interna pace Sept. 1.. games software outside the home that can be used cluded that the September 1982 stiffening competition in the financial ihdustry, but tional Federation of Airline Pilots Three passages in a transcript of by employing AT&T equipment. inspection of the Mianus bridge banks in larger communities will have to change to Associations In London also said he the tape played before the U.N. was consistent with the training survive, a Texas Christian University professor hoped it would lead to new rules to Security Council last week were and direction given to the Stop & Shop buys land believes. protect civilian planes from mil revised, including one the State inspectors. itary attacks. Department described as "pre NORTH HAVEN — Stop & Shop executives and City banks will have to align themselves with big Lev Zetlin, a consultant hired to Pilots from Britain, France, viously unintelligible.” North Haven town officials have announced organizations. Dr. Stanley Block said. study the cause of the collapse, Italy, Spain, Sweden, Norway, " I am firing cannon bursts,” the purchase of 27 acres for a $10 million Warehouse “ I really think ... the consumer is going to haye so concluded the inspectors “ had no Denmark, Finland and the Nether Soviet pilot is now quoted, as at the Exit 9 industrial center. many options and alternatives that a financial reason or motivation to look for the lands joined in the suspension, saying. Stop & Shop already has a warehouse in North institution that is not, providing these alternatives is various phenominae around the 8 ^ 5 which- Middleton said spurred The passage could buttress Haven and it will remain in use when the new going to-have a difficult time competing," Block said link and to suspect imminent other protests including a 14-day Moscow’s contention its fighter 250,000-square-foot building is completed. Stop & , in an interview. danger, irrespective of the equip ban on the Soviet national air pilots tried to warn the Boeing 747 Shop companies include the supermarket chain,. ment they might have had availa carrier Aeroflot by a majority of to leave their airspace before two Bradlees department stores and MediMart AS A PROFESSOR of finance and a writer on the NATO members.