FlowerBanner
May 2007 Brought to you by:
Greater Pointe Coupee Chamber of Commerce
Greetings!

Past editions of E-newsletters can be viewed here.

Quotes to Ponder:
"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary. "
-- Steve Jobs

"People are definitely a company's greatest asset. It doesn't make any difference whether the product is cars or cosmetics. A company is only as good as the people it keeps."
-- Mary Kay Ash

25 of the Most Useful Web Sites
 
Business Boot Camp - June 2, 2007 at LSU
  BRAC
The LSU Entrepreneurship Institute, Louisiana Business & Technology Center, LSBDC Technology Center @ LSU, and the Baton Rouge Area Chamber are teaming up to host a Business Boot Camp for Startups This workshop will provide basic information to those that might have an interest in starting a business. Additionally, the event will be a launching point for the 2007 New Venture Business Plan Competition that is hosted by the E. J. Ourso College of Business and the Baton Rouge Business Report. The Business Boot Camp will be held on Saturday, June 2, 2007 from 8 am to 2:30 pm in Room 1109 CEBA.

The cost is $10 for Faculty & Students with a valid ID, $30 Chamber Investors, and $40 for non chamber investors. Associated Grocers is providing refreshments and lunch. To register for the event visit the Baton Rouge Area Chamber's website at www.brac.org

Filmmaking Camp for Area Teens
  NOVAC Offers Teen Digital Filmmaking Camp NOVAC
The New Orleans Video Access Center (NOVAC) and the Digital Filmmaking Institute are offering a one-week digital filmmaking camp for area teens. The camp will introduce students to digital filmmaking production and discuss career opportunities in film/TV production. Classes run the week of July 9-13 from 9:00 a.m. to 3:00 p.m. each day.

Within this intensive, hands-on training program, students will collaborate to produce a short digital film production. Using state-of- the art digital filmmaking equipment, students will learn the basics of digital filmmaking techniques including script development, pre- production planning, camera, lighting, sound, and post-production editing. Experienced filmmakers and educators facilitate the classes.

Although no previous experience is required, students will be held to very high standards. Motivation, collaboration, and creativity will be expected from all participants. Class size is limited and based on first-come, first-served. Pre-registration and deposit required to reserve space. Snacks will be provided but students will be responsible for meals and transportation.

Tuition is $300. Up to five income-based scholarships are available. For samples of previous NOVAC Teen projects, visit PBS's youth network, www.ListenUp.org (keyword "NOVAC"). For more information, visit www.novacvideo.org and select "Workshops Overview" from the menu.

About NOVAC and DFI

The New Orleans Video Access Center (NOVAC) is a 501 (c) (3) non-profit media center. For 35 years, NOVAC has supported the democratization of video by providing tools, technical training and production resources for both children and adult filmmakers in New Orleans. Visit www.novacvideo.org.

The NOVAC Digital Filmmaking Institute (DFI) offers a variety of affordable, hands-on digital filmmaking workshops in lighting, sound, editing, camera, and film/TV production. Experienced filmmakers, commercial producers and certified instructors facilitate the affordable classes.

About Funding

The DFI is funded through tuition, the National Endowment for the Arts and the Mary Freeman Wisdom Foundation. DFI facility support is provided by LIFT Productions. In addition, this program is supported by a grant from the Louisiana Division of the Arts, Office of Cultural Development, Department of Culture, Recreation and Tourism, in cooperation with the Louisiana State Arts Council as administered by the Arts Council of New Orleans.

Contact

NOVAC Digital Filmmaking Institute
Tim Ryan, NOVAC
(504) 339-4350
tim.ryan@novacvideo.org
Selecting High-Performing Employees
Robert A Baron and Scott A. Shane   interview
"It's hard to get somewhere unless you know where you want to go." In other words, it's hard to reach a goal unless you have defined it clearly. That's certainly true with respect to hiring high-quality employees. Before beginning a search for such individuals, it is crucial to first determine just what it is that a new venture is seeking. In other words, what tasks and activities, specifically, will new employees perform? In the field of human resource management, answering this question implies two tasks: a job analysis - determining just what the job you are trying to fill involves and what activities it actually requires an employee to perform - and competency profiling, or defining what experience, skills, and knowledge are needed to perform it well. In large companies, job analyses can be detailed and lead to highly specific job descriptions, but for entrepreneurs, especially in the hectic early days of anew venture when founders have to do virtually everything themselves, it is usually sufficient for them to simply have a clear idea of what the individuals they are seeking will actually do, and a brief written description of the major duties and tasks they will perform.

Why are these initial steps so important? Because they provide a basis for choosing among potential employees - for selecting the ones most likely to succeed in a specific job. The best choice, all other factors being equal, is the person whose knowledge, skills, and abilities provide the closest match to the requirements of the job. If the founders of a new venture (or those to whom they have delegated the task) have not conducted a careful job analysis and formulated a clear description of a particular position, entrepreneurs often go ahead anyway - new employees are needed and simply must be hired. However, it will be more likely to meet the essential job requirements. Instead, for instance, entrepreneurs may be tempted to choose the people they find most congenial or attractive, or applicants who somehow "stand out from the crowd" rather than those who are most qualified. For this reason, it is best to formulate a clear idea of the specific requirements of any job before beginning the search-and- selection process.

Basic Techniques for Choosing the Best People

Once the task of specifying precisely what's needed has been completed - once entrepreneurs have a fairly clear idea of the skills and abilities they are seeking in new employees - the search for these employees can being. Our experience tells us that in many cases, new ventures do a reasonably good job of assembling a pool of potential employees: the founding team's social networks, current customers, and other sources yield a number of people who could potentially be hired. Choosing among them, however, is another story. Making this choice is a difficult task under the best of conditions, even in large organizations that have human resource departments with experts specifically trained to perform this task. New ventures, of course, lack such departments. Further, serious mistakes - hiring an incompetent or unethical person - can be costly for new ventures, more costly than for larger companies that have greater financial resources. How can entrepreneurs accomplish this task effectively? The answer involves two possible approaches: (1) Entrepreneurs can try to accomplish this job themselves through several techniques that have been found to be useful in choosing the best employees, or (2) they can delegate this function to a company that specializes in it - they can outsource hiring of new employees. Which is the better route depends on the experience and skills of the entrepreneurs, as well as the financial resources of the new venture. Outsourcing various functions can be an efficient way to proceed, but it can prove quite expensive, which is a major problem for a new venture with limited financial resources.

Robert A Baron and Scott A. Shane. Entrepreneurship: A Process Perspective 2nd Edition. 2008. Thomson South-Western. p376-377

Franchise Red Flags
Timothy S. Hatten  
The American Franchisee Association strongly recommends that you do not sign a franchise agreement if it contains one of these provisions:

Gag Rules:
Franchise agreements may not allow current franchisees to discuss any aspect of their business experience with anyone outside the system - which defeats the purpose of the FTC disclosure rules.

Franchisor Venue Provisions:
These provisions may require any disputes to be litigated or arbitrated in the home state of the franchisor, increasing the franchisee's travel costs and giving franchisors home field advantage.

Lack of Reciprocal Cure Periods:
Agreements need to provide equal remedies if the other party defaults, but not all do.

Nonreciprocal Noncompete Covenants:
Franchisors have a lot of leeway in placing new franchises wherever they want, but agreements can include oppressive noncompete covenants.

Sole Sourcing Requirements:
Product-oriented franchises often require franchisees to purchase goods only from the franchisor. Allowing purchase from alternate sources (with quality standards) is better.

Mandatory Subleases with Rent Overrides:
Many franchise systems require the franchisee to sublease real estate from the franchisor, allowing the franchisor to gain profit without risk.

Lack of Accountability for Advertising Funds:
Franchisors do not always have to spend advertising dollars in markets where franchisees have paid in.

Lack of Reciprocal Legal Fee Provisions:
Many agreements require franchisees to pay all of the franchisor's legal expenses if litigation arises between parties.

Radically Different Franchise Agreements on Renewal:
Many franchises are surprised to find that they are not really renewing their existing deal, but entering into a wholly new, sometimes very different franchise agreement.

Unilateral Amendments to the Franchise Agreements:
Franchisors have the latitude to change operations and policies from time to time, thereby unilaterally changing the franchisee agreement.

Timothy S. Hatten. Small Business Management: Entrepreneurship and Beyond. 2006. Houghton Mifflin Company. p149.

 

For More Information:

phone: 225-638-3500
Join our mailing list!


Forward email

This email was sent to frogola69@yahoo.com, by jamie_delatte@bellsouth.net

Pointe Coupee Chamber of Commerce | P.O. Box 555 | 2506 False River Drive | New Roads | LA | 70760