Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 3, 1973, Winnipeg, Manitoba When Fec free priss tuesday july 3, 1973 15 managing a Small business by the owner of a Small business must inevitably Wear several hats. Certainly in the Early stages of the Busi Ness with few employees on staff he will find it Neces sary to do his own buying and Selling hiring and firms plus banking bookkeeping and a Host of other Day to Day functions. Even As the business grows and additional employees Are hired the owner will continue k be a Jack of All trades. But sooner or later and sooner than most businessmen this approach to management becomes unworkable. Why there Are two very fundamental Rea sons. In he first place the owner will find Ilia it is a physical impossibility to do what to used to do before just Aren t enough hours in the Day for him to Han dle All the responsibilities involved in running Liis Busi Ness. Secondly the number of employees reaches a level which exceeds his Span of control so hint he can no longer maintain close Contact with what they Are doing nor supervise them effectively. This can often happen with As few As six or seven employees. What happens if nothing is done to overcome these problems first of All the owner performs his own work poorly. He spreads himself so thinly that he can t do jus Tice to Many of the jobs he tackles. Many things he starts he can t finish. Worse still important matters May to left unattended to. Because his employees receive Only sporadic guid Ance and supervision they can quickly become confused and frustrated because they Are unsure what their duties Are what they Are supposed to accomplish and what authority they have. What is clearly needed in these circumstances is organization. This does t mean looking Over employees shoulders and telling them How to do their jobs. Organization Means giving them a framework in which to operate and some direction for their efforts. Building a successful business involves building a learn a learn of individuals who can work towards com Mon objectives. The players know who the quark crack is but they need to know which positions Lime each play what the rules of the game Are and what plays they Are going to use. How then does a business set. Up a sound organization system the owner of a Small business can get to uie heart of the matter if he addresses himself to these four Basic Points identify the work to lie done identify the people to do it Deline individuals jobs and performance stand Ards provide leadership and control. Tackling the first Point the owner should ask him self what Are we trying to do in this business and what does it take to get it this involves identification of business objectives both present and future. It also involves a critical Analy Sis of the operations of the business its products and ser vices and each of tile functions which Are or should be required to make the business a Success. The next step is to ask what skills Are needed to meet the objectives and get the work done. What skills do we already have and what skills do we still have Loac quire it goes without saying thai the key to an effective organization is the Quality of people within it. The owner must decide the kind of people his business needs select them carefully place them in positions suited to them and create the Type of environment in which they can be fully effective. Of the owner cannot make sound decisions in Uiese matters it does t matter what form of organization Structure he sets up. Neither uie organization nor his business will function Well. The third step is to spell old. Clearly each individual s Job his responsibilities and authority whom he reports to and the basis on which his performance will be measured. It also involves establishing ctr Cestive communication channels both vertically and horizontally so thai each member of the organization can communicate results instructions problems and other vital information to other members of the team. Finally the team must be coordinated and directed. The top Man must provide the necessary leadership and Over All control and ensure not Only that the business is heading in the right direction but also that every member of the organization is doing his part. A common organizational problem which Many Small business owners have difficulty coming to grips with is the role of the owner himself. Which responsibilities should be assume himself and which should he Delegate t o others this is an especially difficult problem to resolve because the various functional responsibilities within a Small business Are not As easily segregated As they can be in larger companies. Unfortunately Many owners Are reluctant to Delegate responsibility. In some cases they Are afraid that the Iob will not gel done. Their motto is if you want anything done right you might As Well do it they forget that if they leave everything to themselves they Likely won t have the time to do it All. Others attempt to Delegate responsibility but in Reali by do not do so. They assign responsibility without a Iho Rily and have the final say in whatever work their subordinates do. Thus they help neither themselves nor their staff but May Well cause friction and frustration within the organization. Still others Duel the Issue by retaining for themselves those duties which they enjoy rather than those which arc the most important and appropriate for the top executive to perform. By delegating the wrong responsibilities for the wrong reasons the owner will inevitably weaken his organization. Failure to clearly define Job descriptions and lines of authority can Lead to All kinds of problems. As an exam ple the president of a Small company appointed an individual to a newly created position of general manager. As such uie new general manager was supposed to be responsible Jor All aspects of the company s operations. The problem was so was the president. He himself was in charge of uie business and continued his Active involvement. Pretty soon none of the production or sales people knew who to talk to the president or the general manager and they weren t too sure either. The Basic question in this ease is Why have a Gener Al manager if there were a valid reason such As to re Lieve the president of management responsibilities Jor proud Mon Lien the new position should have been so de fined. If the reason is not so specific the president Sim ply fell to needed More executive the solution is not so simple. Somehow though uie president and Gener Al manager would have to sort out i Elwen themselves a division of responsibilities which would enable them to avoid overlapping their duties. One on one relationships Are generally troublesome and should be avoided where possible. A preferable Solu Tion might be not to create the position of general manager but to assign increased managerial responsibilities to senior departmental employees. This at least reduces the number of management Levels. Here Are some other suggestions which you May find useful understand the aptitudes and aspirations of your people As Well As i hair interests and values. You will need to know what they want to do As Well As what they can do. Keep your organization simple and uncomplicated. 11 generally works belter ulat Way. Document your organization system As much As possible organization Chart position descriptions Etc not As an end in itself but to help you and your staff to understand it As dearly As possible. Comm Nealon is not a one Way Street from the top Down. Make suit you have As much or More information flowing the other Way. Make sure you As the owner operate within your own organization system. Otherwise it s Apt to break Down. Review your organization Structure periodically and make changes to Meel new circumstances if Neces sary. Don t copy someone else s organization Chart. Yours May have some similarities but it should still be tailor made. Don t set up Overly elaborate policies and rules. The last thing a Small business need is red tape. Organization is a critical ingredient in the Success and growth of any Small business. The businessman who recognizes this and docs something about it can reap some handsome dividends. More tipping lifts distillery stocks by Sandra Inga Lslie Toronto up North americans have More Leisure Lime and More Money than Ever before and Are spending a Good Deal of both on con sumption of liquor analysis say. The Mil look for stocks of Canada s big distilleries Dis tillers Ami ii i r a in and Worts lid., appears Rood despite some . In a recent review of the Industry Licin inc. Of Montreal says the in flush by appears Well supported Liy favourable population i rinds and a sound economic environment. Demand by the United slates its major mar Ket should increase at an an Nual rate of 3.5 to 4.5 per cent annually. A wider acceptance and stronger status image of liquor emerged in uie gos As a result of a younger Popula Tion increase in Leisure time and personal income and a relaxation of some state and local Laws in the . One Factor in the increased demand for Canadian liquor in the . Was the trend to Light whiskies. While some observers say . Domestic whiskies in the Long term will regain some Bell Canada notice of Bill dividend a quarterly dividend of eighty three cents per preferred share no class a series a has been declared payable on August 15 1973 to holders of such preferred shares of record at close of business on july 13, 1973. Montreal j. T. Moore Secretary i of the Market others feel that scotch and Canadian whiskies will continue to Benefit from uie snob Appeal of import cd in our opinion the trend toward lightness should continue to prevail in uie 1070s. W h c in c r ibis new Light whisky will prove itself a significant Factor will depend upon producers seriousness in trying to porn Milc another important Factor will be uie expansion of tin p r i in c liquor consumption the si-34-year-Olds. While past experience has shown consumption among these in their Early 30s slows As More demands arc made on their income More Money and Leisure time and the diminishing birth Rale could off Sel this. Overseas markets Are expected on inc whole to con t i n u e to grow Al above average rates. For the most part these areas remain in lapped and consumption trends that have been emerging in recent years appear Likely to la pcs que Beaubien says. On the negative Side the in vestment firm says alcoholic beverages Are a favorite tar get of tax collectors and fur ther . And Federal taxes should not he overlooked. And one tenth of the . Irac deficit last year was caused by distilled spirits. Although inc Industry s Cost Structure is characterized by a Low labor Content in manufacturing ils margins be come vulnerable in a period of intense Market compete the firm says. But the. Industry s High fixed investment required for extensive storage facilities necessary because of mini mum Legal aging require the Law firm of Zuken and Penner is pleased to announce that David Deutscher b.a., . Is now associated with it in partnership under the name of Zuken Penner Deutscher associates 606 confederation building Winnipeg. Ments coupled Wilh traditionally High working capital tied up in inventories and accounts receivable could How Ever prove an incentive to aggressive marketing. More Over competitive pricing could become More of a major marketing weapon if inc Irand towards higher priced spirits in the. One it n n in and cheaper priced products on . hand cause a Deturi oration in whup producers , in recommends shares of distillers , which it says should outperform the Industry with sales growth at six to eight per cent a year. Hiram Walker in. Says could he. Hard put to main Tain ils growth rate in recent y cars 1 and earnings per share could Advance at a slower Pace than during inc second half of the 1060s when an average annual 7.1 per cent growth rate was maintained. Doherty Mccuaig Ltd. Of Toronto says Hiram Walker has healthy medium and longer term earnings prospects. Train stocks Down visible stocks of Canad an grains again declined in uie last week ibis time reaching 341.7 million Bush Els for the week ending june 20, the Canadian Grain commission said Here in its weekly report. Farmer s marketing of 21. L million bushels were slightly higher than the 20.2 million marketed last week but were Well below the marketing during the corresponding week a year ago. Which to tailed -15.1 million. Overseas clearances of 21.3 million were higher Ihan the 17.1 million cleared inc previous week and the 15.3 in i 11 i n shipped a year ago. In our opinion the shares offer the essential Combina Tion of Quality safety marketability and growth necessary for a Strong near term performance on Market recon . Govt. Rate Washington a Thi United Stales Federal Rose re Board has raised the discount rate it charges member Bank for borrowing to a record Higl seven per cent in an inflation fighting move that May up up interest rates across the . The Board also decided Fri Day to raise the Reserve requirements of its member Hanks meaning that Banks Fiat belong Louie Federal re serve system will have to keep on hand More Cash in relation to their deposits. The Board said in taking the action that it was trying to restrain continuing excessive expansion in Money and cred the Light Money policies of Central Banks were designed to Cool off the country s Economy expanding Al. A fast Rale since first of the year and touch ing off tremendous inflation in the process. Not since .1921, when the Hoard s interest Rale known As the discount Rale was seven per cent for a Brief time at the new York regional Bank has the Rale been so High. For the other Banks of the system the rate was inc highest in history. The Federal Reserve Board Hirough its ability to in of feel create Money in rough its poli cies is responsible for the country s monetary policy. It can determine whether the country goes through periods of tight or easy Money. The action is almost certain to restrain borrowing for in Estment and perhaps discourage consumer borrowing Belli of which have been running at extremely High Rales. The discount rate change from per cent is effective monday. International Nickel company s new mint it Lake which Wai officially opened late lilt week. Pearl petulant Rose a pleasing festive wine Inco says new mine boasts latest environmental screens by John Mcmanus Shebandowan Lake ont. Leo Bernier on Tario s minister of natural resources officially opened International Nickel s tons per week mine and Mill Complex Lale last week at Shebandowan Lake noting the company s philosophy of minimizing Impact on the environment and uie mining Empire s longtime contribution t o Ontario. Under overcast skies at the site 69 Miles West of Thunder Bay by Road or. Bernier touched a Button to begin the Transfer of Ore from the 400-foot level of the mine to the Mill by inclined conveyor. The official party included John Alc Creedy senior vice president of into icon Ald r. Taylor president of the Ontario division Gar Field it. Green the Divi Sion s vice president of mining and milling and George w. Johnston mine manager. Manitoba was re presented at the opening by d. E. Lunn president and general manager Inco Manitoba division. A company stale men said the project incorporated uie newest Environ mental safeguards including some believed to be. Unique. The underground Ore bin and conveyor from the 400-foot level eliminate the possibility of excessive noises normally associated with surface Ore handling. Mine water is clarified underground and the Mill uses Only recycled water in its processes by working in closed circuit with its Lail Ings area. About of can Cen Rale Are produced Inch week at Shch Malowan for t. R a ii s port to the com Pany s Copper Cliff smelter for further processing. The million facility has a Mill capable of handling ions of Ore a Day. The tailings area is described As an ecological achievement. Built at a Cost of million it s de signed to meet Mill requirements for the life of the operation. Tailing areas found in All Mills Are collection Sites where waste Rock removed from the Ore at the Mill is depo sited. The Shebandowan disposal area Lias clams up to 25 fact of granular till an impervious soil found in inc area. Spill basins catch any additional Drain which can be pumped Back into the line. Ore handling on the sur face near the waterfront have been eliminated to re move the Ilir Cal to col lagers of noise pollution. Ore is transferred from the skips which hoist it from inc underground crushing station on the level to a conveyor licit at the 400-foot level. The conveyor starts its trip underground emerging about half a mile Inland beside the Mill. On the surface the architecture and landscaping is designed to blend Wilh the natural Selling of sheban Dowan Lake. The Yard is paved As another Effort to keep the area clean. Cottagers have been assured that those who use the lower Lake As a summer resort will Sec no Dis charged from the. South West Bay the mine s front Yard. Inco said inc air pollution threat has been Over come by the use of the Wel. Process million of Gallons of water a Day in a recycling system. Copper and Nickel sulphides Are Given a thorough launder ing before uie trip to cop per Cliff. Another advanced Fea Ture at the mine is a Bot Tom dump Ore car system. It was designed in Sweden and will be in operation at Oiler Inco mines Copper Cliff North mine Copper Cliff South and Levack West mine in uie Sudbury District and at Thompson Man. At Shebandowan a 12-car Irain of single 301 cubic feel Grange Surg Bollom Dunipa mine cars is hauled by a 25-ton trolley Locum live. The i. R a i n operates from the internal passes to the main Ore pass at the mine Shaft. The cars Are 17 feel Long six fret eight inches wide and five feet seven inches infill. They carry about tons each. The principle involved is fairly simple but efficient. Conventional dumping lips the car on its Side or opens one Side. The Bottom dump cars open like a trap door As uie car passes Over a special rail setup at the Ore pass. There Are no tracks Over the Ore pass each car is supported across the dump by a series of rollers that engage Iho upper part of the car and carry the weight normally taken by tracks. The Shebandowan site has an impressive history. The first european there was explorer Jacques de Noyon in 1717. The Voya curs i travelled the Lake in that Century As did Simon Dawson a civil Engineer and Pathfinder. He chose the Lake As the first water crossing on the 590-mile for rent zoned Industrial phone owner 783-7029 guaranteed investment certificates City savings a Trust company 369 Portage pm. 947-1543 trek from the Lakehead to Winnipeg and paved the Way for settlers who followed his path. Report for Active investors pulp there might be some Good news and some bad news for the Canadian pulp and paper Industry. For a copy of our research department s new study a critical review of producers Send the Coupon. Postal code phone Home bus our please write name of account executive. Merrill Lynch Royal securities limited mail to Merrill Lynch Royal securities limited department or . Box Ontario m5k 1c2. Exclusive Dealership available own a Dealership for the newest furniture concept in Canada assemble at Home furniture throughout Europe and United states the As semble at Home furniture Market is growing dramatically. Here s Why 1. The savings to customers Are As High As 50% compared to buying factory assembled furniture. 2. Product Range covers every room in the House apartment cottage or office. 3. Customers can design furniture to lit own needs and pocketbook new pieces can be added anytime. 4. Customers choose from a selection of Rich Natu ral Woods in Oak teak or mahogany. 5. A wide Range of Oil finishes in different colours is available. 6. Construction is simple professional results Are guaranteed. 7. Customers can carry away a whole furniture in the car. All products Are packaged in protective Eaty to carry corrugated Cartons. If you re interested in an exclusive Dealership for this area write no franchise fee required marketing manager ready fit furniture Ltd., 47 Toro Road Downsview Ontario. Ready fit ready mix Concrete business for Sale in Kelowna . Old established business in Central location. Owners wishing to retire. Nine Concrete trucks one Flat deck two front end loaders and sundry equipment. Business can be purchased with or without land and buildings. Phone ;