Three Things That Spell Certain Disaster For Family Businesses

There are countless successful corporates that started out as family business, but there are also many more family businesses that fizzled out before they could make it big.  Alexander F Bouri found significant success in the cement business, but other family business owners haven’t been as lucky.  It takes a lot of work to run a family business, and keeping a balance between your work life and your home life can be difficult.  There are a lot of reasons why some family businesses don’t make it past their first year, and if you want to run a successful family owned business you should try to avoid making these mistakes.

Nepotism

This is one of the biggest reasons why family businesses fail.  If you’re going to run a business with your family, you need to hire people based on whether or not they have the ability to do their job, and not if they share your DNA.  Hiring, promoting, and managing your employees based on their bloodlines can lead to failure, and resentment from non-related employees.  It could also lead to your favorite family members/employees slack on the job because they know that they won’t have to face the consequences.

Emotions

It may seem harsh, but the phrase “It’s not personal, it’s business” has no place in a family run company.  Separating your emotions from your work can be very difficult, and the task becomes even more difficult when you’re managing your family.  Having your emotions interfere with your business can lead to several problems.  Your employees could take your emotional decisions as a sign of weakness, or a sign that their boss can’t handle what would usually be simple situations in a non-family owned establishment.  It could also cause some of your family members/employees to resent you if they think you’re acting too emotional.  Try to reign in your emotions when you’re dealing with business.  If you don’t, you could be setting yourself up for failure.

Refusing outside help

Unless you have a huge family with members that are experts in your industry, you’re going to have to hire people who you aren’t related to.  Refusing to hire employees who aren’t your family members can end in disaster.  It’s impossible to start a business from the ground up without skilled help, but there can be risks when you hire people from the outside.  If you have a business that’s full of feuding family members, your other employees will get sick of working in a hostile environment.  Don’t refuse help from other people, and make sure that your non-related employees feel like they’re being treated fairly.

Three Fatal Mistakes New Business Owners Make

Alex F Bouri has been able to grow his cement business into a multinational corporation, and he, along with an array of other successful entrepreneurs, know how much time and effort goes into making a successful business.  When people get started in the business world they make a lot of easily avoidable mistakes that end up costing them their business.  Don't let yourself make these simple mistakes, read on to find out some of things people do that doom their business to fail.

Lacking Long Term Goals

If your only long term business goal is "to make money", your business isn't going to be nearly as successful as you envision that it will be.  Making money isn't a clear goal, but offering consumers a better version of a popular product is.  As an up and coming entrepreneur it's important for you to know that the success of your business depends on the goals that you set.  You should understand exactly what you want your business to achieve from the beginning.  Think about the goals you want to meet in the long term, and the ones you're hoping to meet in the short term.  Once you have those figured out you'll be on your way to business success.

Refusing Help

You've heard the phrase that no man is an island, and in the business world no one person can be a business.  Some entrepreneurs refuse help from others because they want to work on a project on their own, others simply don't want to pay other employees to do the work.  Either way, if you strive to do everything yourself you're setting yourself up for failure.  You'll be devoting most of your time rushing to get tasks completed, instead of taking the proper amount of time to do a task well completely.

Being Impatient

Everything that's good in life takes time, so you shouldn't start a business and expect to be a multi-millionaire in a month.  Building a business takes time, and a lot of businesses end up failing because their owners throw in the towel when they don't see money rolling in immediately.  Give your business time to grow before you determine whether they were a success or a failure.

Small Efforts Make a Big Difference: Recycling Containers

As a citizen, you may be in the habit of separating your plastics from your regular garbage. Modern society has made it somewhat convenient, and most people are willing to dispose accordingly if it doesn't make them go out of their way. For businesses, though, it may be a different story. Trying to recycle used containers on a large scale can be a much more difficult endeavor, and you might not realize just how important it is.

 Every company should live by the motto "use and reuse." Take into consideration the findings of the company Envipco. This company works alongside other companies to help them with their recycling initiatives, because they have found that not only do recycled products consume less energy in the production process, but they cost less, too. You're benefitting the Earth and the environment by recycling and reusing your containers.

In fact, if the total amount of post-consumer containers that were recycled in 2008 were reclaimed, it would have required 30 trillion fewer BTUs than was required to produce virgin resin. That's equal to the amount of power used in 317,000 homes.

However, Envipco is also aware that it takes more than a business plan to extend the life of a produced material. For that reason, its chairpeople, which include Alexander F Bouri of Seament among other global figures, have come up with a number of solutions to be followed. Customized couponing, incentive programs, and advertising-generated revenue models are all part of the plan to get everyone on board with the recycling and reclaiming process. The ultimate goal is to transform business owners' ways of thinking – not to see containers as garbage, but as materials. Should companies adopt such a philosophy, Envipco ensures that they will find it both financially and morally satisfying.

Working alongside a company like Envipco is just one thing a company can do to go green. There are, of course, smaller steps that companies can use to start off with, but initiatives like the ones put in place by Envipco are the type that make immediate and substantial changes.

Meet the Envipco Board of Directors

Envipco's motto is one that should be shared by most of today's companies: "One of the best ways to protect our natural resources is to be smart about recovering our man-made ones." This company has quite the revolutionary business plan, especially in our world, where the importance of recycling can't be stressed enough. The company works with other partners around the world in order to embed a "use and reuse" philosophy into the minds of business owners. No matter what type of business you run, Envipco is willing to help you come up with a solution.

So who are the masterminds behind this project?

The chairman, Gregory S. Garvey, also chairs a private software company called Virtual Hold, Inc. Before that, he was the Vice Chairman of Tomra Systems A/S and the CEO and President of Tomra North America, Inc. Thus, he has the leadership skills to front such an endeavor.

Then there's Alexander Bouri, whose name you might recognize from his revolutionary work in the cement industry. He founded Seament, which went on to become the largest cement handling and chipping company in the world. However, he owns many other companies as well.

The President and CEO of the company is Gool B. Santchurn, who is on the board of a number of other different companies around the world. To further his blogal resume, he belongs to the Association of Chartered Certified Accountants in the UK.

Christian Y. Crepet of France is the Deputy Managing Director and is involved with many other European environmental efforts.

Along with many other talented and globally-conscious board members, these chairmen help lead the company in a powerful and successful environmental endeavor. Many companies are making small strides to "go green," but Envipco takes the sentiment to a new level with its experienced and creative contributors.

Tips For Managing Employees During Summer Time

Summer is just around the corner, and that means that it's time for vacation time, summer holidays, and employees coming in and leaving at different times than usual.  The summer season can be a nightmare for managers and people in human resources.  On top of your regular duties, you're also trying to deal with everybody else's changing schedule.  Alex F Bouri and other managers have a lot of summers under their belts, and it's possible that they probably followed a few of the following summer management tips.

Make a Large Calendar

Your employees probably have some electronic way they use to submit their requests for time off and early dismissals, but that system probably won't give you a convenient way to see every employees PTO.  Make a large whiteboard in your office and have your employees write down what days they're scheduled to take off.  That way you'll be able to clearly see what days people have off, and your employees will know which days their fellow workers will be out.

Make Sure You Have Enough Employees

It's a given that your office will probably be closed for the 4^th of July and Memorial Day, but you don't want your office to be unofficially shut down because all of your employees decided to take a vacation at the same time.  It would be great if every employee could have the days off that they want, but sometimes they may want to take off a day that a lot of other people have already taken off.  Use the calendar that your employees use to write down their vacation time to see what days people have already requested off, and use that as a gauge for whether or not other employees can take off the same day.

Consider Tele-commuting

If you're in the manufacturing business you can't exactly take your work home with you, but most employees who work in an office environment can easily work from home.  If your employees have work laptops and an internet connection at home, you should consider letting them work from home one day a week during the summer.  Your employees won't have to commute in during the hottest days of the year, and they'll have a chance to work in a relaxing environment