Thursday, May 29, 2003

Morning memo


News and tips to start your business day

Today's number: 17,000

Japan Post workers to be cut by the end of March 2005 as part of the country's recently reorganized postal service, reducing the work force to 263,000 from 280,000.

The Associated Press

Today's mover

Jim Harter has been appointed vice president, enrollment management and marketing at Thomas More College. A 1975 graduate of Thomas More, Harter returns to the college and brings to this new position a background and experience in sales, marketing and business development. He spent over 20 years as a corporate executive with the Kellogg Co.

Shirley Dees

Today's career talk

Do you worry about self-promotion? Get over it, says Cheryl Demas, author of It's a Jungle Out There and a Zoo in Here: Run Your Home Business without Letting it Overrun You. "Self-promotion is not always easy and it seems to be especially difficult for women," she says. "We have been that we should be modest and polite - not toot our own horns. Well, without some horn tooting, no one will know about your business."

John Eckberg

Today's money tip

Re-evaluate your mortgage and home's value every so often to make sure you are not paying private mortgage insurance when you don't have to. PMI is designed to protect your lender from the chance you'll default on your loan and is typically required when you don't have 20 percent equity in your home. But your equity increases when your home appreciates in value or you've made significant home improvements.

Amy Higgins

Today's Company: Potterhill Homes

Building Dreams: Carolyn Rolfes worked with her father in the manufactured homes industry, then founded her own company in 2001 to provide affordable single-family housing. The company's first major project was The Mills of Carthage, located on former industrial property in Carthage in an otherwise residential area. Homes created by several manufacturers are available and assembled on the site.

Model Development: The Mills of Carthage opened in October 2002 and was the focus of a national manufactured housing symposium. To date, 18 early-phase homes have been sold; ultimately there will be 60, with a choice of 15 floor plans. Prices range from $120,000 to $185,000.

In Suburbs Too: The company has announced its latest project, a 70-home project in Lebanon. While many of the homes in the Walnut Creek development will be the urban-design manufactured homes featured at Mills of Carthage, about half will be built on site. Prices will start in the $140,000s.

Recognition: The Mills of Carthage earned Potterhill Homes two awards at this year's National Congress and Expo for Manufactured and Modular Housing in Las Vegas. The company was named "Developer of the Year" and the project won "Best New Manufactured Home Subdivision in the U.S."

Jenny Callison



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