Monday, November 12, 2001

Morning Memo


Hot tips and news to start your business day

        Today's Number: 3 - Percentage drop in manufacturing employment in the Ohio portion of the Cincinnati market in September, according to the federal Bureau of Labor Statistics. Overall employment grew 0.8 percent during that month.

        Today's Career Advice: People long to belong, contend Cheryl Peppers and Alan Briskin, authors of Bringing Your Soul to Work: An Everyday Practice. “The power of a group lies in its collective capacity to bring out the best in us, to accomplish what no one individual can do and to connect us in the most personal way to meaning and purpose,” the authors say. But groups almost always make somebody feel vulnerable and the best thing to do is confront that emotion. “Attending to vulnerability frees individuals from being held captive by it,” the authors say.

        Today's Money Tip: Try to avoid purchasing mutual-fund shares just before the fund makes a capital-gain distribution, known as “buying a dividend.” If you do, part of your investment will be returned to you as a taxable distribution. You will effectively be paying tax on gains you didn't participate in. The fund prospectus or other information site, such as morningstar.com, tells when the distributions are made.

        Today's Company: Core Resources, Inc.

        BLUEPRINT FOR SUCCESS: In 1990, Paul Kitzmiller decided to build on his commercial-construction experience and started his own construction and development company. His goal: to provide an integrated approach to projects, coordinating every phase from concept to completion, whether it's a build-to-suit, tenant-finish or renovation project.

        BROTHERS AND PARTNERS: Mr. Kitzmiller and his brother David run CORE Resources, with headquarters in Anderson Township. They employ 20 people.

        BUILDING A REPUTATION: Recent projects include Carlos & Johnny's restaurant, two Maggie Moo's Ice Cream parlors and Voltage Furniture.

        Send tips and questions to Bill Ferguson at bferguson@enquirer.com

       



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- Morning Memo
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