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These common misconceptions can derail any succession strategy
April 30, 2013
As a business owner, a good exit plan is crucial to profitably transferring ownership of your company. Yet, during conversations with hundreds of successful business owners, I have discovered some common misconceptions surround the exit process.Myth #1: “I will just sell my business and retire.”Fewer than 20 percent of businesses for sale actually sell, according to a study by the American...
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*From March 12, 2013, to press time, April 10, 2013.
April 29, 2013
Connecticut man dies after accident at Insulpane An employee of Insulpane of Connecticut and Orchard Glass Distributors in Hamden, Conn., was killed after 10 to 12 large glass lites fell from a storage rack, landing on the worker, according to NBCConnecticut online. Officials from Insulpane parent company Consolidated Glass Holdings Inc., confirmed a fatal accident occurred at the facility. In a...
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*From Jan. 17, 2013, to press time, March 11, 2013
March 28, 2013
Viracon temporarily closing St. George plant in response to market conditionsViracon announced that it will temporarily close its St. George, Utah, facility, for approximately two years beginning in mid-April. The plant closing will impact 222 employees. The temporary closure will better align overall capacity with the demand expected over the next two years, which can be served from Viracon’s...
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March 26, 2013
Editor’s note: This article is the first of a two-part series on inks and coatings. Read how to troubleshoot common problems with inks in the May 2013 issue.As the application possibilities for decorative glass continue to grow, so does the number of inks and coatings available. These inks and coatings include highly durable ceramic inks that are fired into the glass during a tempering, heat-...
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Would you hire this job applicant?
March 26, 2013
Fortune Magazine shared this list of the worst questions asked by job applicants, according to 650 human resource and hiring managers.
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March 26, 2013
Code development tends to focus on where the codes are going, rather than where they are now. This year, the 2015 International Energy Conservation Code will be determined. Last year, requirements for the 2015 International Building Code were established. Enforcement of these codes, however, is not likely to begin until 2016 or later.It’s the wise manufacturer that looks down the road at where...
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March 25, 2013
In an interview with Glass Magazine contributor Max Perilstein, Bowie Neumayer, vice president of sales and marketing for Cardinal Glass Industries, discusses new product launches on the horizon and why the glass industry needs to continue to educate the building community about the benefits they offer.Max Perilstein: Let’s start with a little bit about you. How did you find your way into the...
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March 25, 2013
The Affordable Care Act, often referred to as Obamacare, requires reporting of the aggregate cost of applicable employersponsored coverage on an employee’s W-2 Wage and Tax Statement. According to Internal Revenue Service Notice 2010-69, reporting was optional for all employers in 2011 and for employers issuing less than 250 W-2 forms in 2012.However, reporting will be required on the W-2 form...
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March 25, 2013
Unfortunately, there are a few contract glaziers in every market that don’t follow the rules. In an effort to cut costs, they might install improper product, or underpay their employees. And with so many building owners focused on the bottom line, these companies sometimes win the job over their honest, quality, possibly higher-priced competitors. Apparently, this is also true in the fabrication...
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How to value your glass business
March 22, 2013
Independent of the economic environment, operators and shareholders of glass companies―from retailers to distributors, and contract glaziers to fabricators―need to think about value-creating strategies to manage through the business cycles and grow. Let’s start with how to think about valuation. The first step in valuation is determining what you are valuing and why. Are you valuing the equity or...