Monday, March 25, 2002

Morning Memo


Hot tips and news to start your business day

        Today's Number: 10,000 - Number of jobs being eliminated by New York-based telecom provider Verizon Communications Inc., which has 247,000 employees.

        Today's Career Talk: Greater Cincinnati's native son President Ulysses S. Grant knew it was vital to bring out the best in his staff, according to Bil Holton, author of the book Leadership Lessons of Ulysses S. Grant: Tips, Tactics and Strategies for Leaders and Managers. “Work tirelessly to free people from needless restrictions that handcuff performance,” Mr. Holton suggests. Sometimes results are not obvious, either: “Organizations must be performance-driven and impatient with less than desirable results.”

        Today's Money Tip: Investors can lean on various organizations to check out their stockbrokers or financial advisers.

        For stockbrokers, call the National Association of Securities Dealers' regulatory arm at (800) 289-9999. On the Web, go to www.nasdr.com, and click on “Check Broker/Adviser info.”

        Financial advisers who do not work for a brokerage firm but give investment advice and manage more than $25 million in assets must register with the U.S. Securities and Exchange Commission. To check out an investment adviser, write to Office of Public Reference, 450 Fifth St. NW, Room 1300, Washington, D.C. 20549-0102, or call (202) 942-8090. On the Web, go to www.sec.gov, and click on “Check out Brokers and Advisers.”

        Today's Company: New Creative Enterprises

        GAIN, NO PAIN: This decor and gift company started in a 3000-square-foot Blue Ash facility in 1976 and is now headquartered in Milford, where its 275 employees work in a 450,000-square-foot plant that contains the company's offices, showroom and warehouse.

        HOMEY TOUCHES: The company is said to be the largest decorative flag designer and distributor in the world. Along with its flags, New Creative Enterprises sells garden accessories, holiday accessories and home accent pieces. Eighty percent of its 5000 product items sell for under $20 at stores such as Michael's, Target, Wal-Mart, Hallmark and Kohl's.

        FLYING HIGH: Sales have proved very strong, growing an average of 20 percent yearly over the past three years. NCE was recently named Vendor of the Year by Target.

        RED, WHITE AND BLUE: After Sept. 11 NCE's sales of patriotic merchandise skyrocketed. The company sold a year's supply of U.S. flags in one week and in the fourth quarter of 2001 sold more patriotic-themed items than during the past five-year period.

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

       



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