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Monthly Archives: January 2012

Great businessmen have also allowed other individuals to get wealthy. By buying stocks in successful companies investors can become wealthy as well. The butter gets spread around.

Another approached that has been used is through franchising. It can be a win-win situation for the franchisee and the franchisor.  Instead of having to start your own business and learn by mistake, you can have a franchise and be shown how it’s done. For the one who created the franchise his business can grow without having to spend so much capital on growth.

The aging population in most developed countries has opened up business opportunities in the elderly care area. There are many privately run home for the aged all over America.  There is also a niche in taking care of senior citizens in their own homes. 

Steve Everhart recognized this niche and has parlayed this knowledge into a franchise business. It all started when Everhart was looking at the different care options for his grandmother.  He then realized the difficulties involved in elderly care and decided to put up his own business based on his belief of how it should be done.

The Senior’s Choice Inc. was founded in 1999 and is reputed to be the nation’s largest network of independent senior care companies.  It also has franchises outside the U.S. This is a non-medical senior care business that you can start. It provides meal preparation, light housekeeping, medication reminder, and other services for the elderly and other individuals so they can continue living independenly in their own homes.

Like other franchises it has it requirements; it’s something worth considering.

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Businessmen especially when their business grows bigger sooner or later brush elbows with politicians.  Businesses may need an elected government official’s signature to start a project. It’s just how things work and it may be done above board or in some instances, with more the than people’s interest in mind.

There are also big businessmen who align themselves with politicians who share their own views. There is nothing illegal about it, it’s how our democracy works.

One businessman has really made it big. Through hard work and risk taking Sheldon Adelson (aged 78) has made it. Of humble beginnings, he held various jobs and various businesses before becoming the Chairman and Chief Executive Officer of Las Vegas Sands Corporation.

It took vision and a lot of guts to destroy the old Sands Hotel which hosted celebrities like Frank Sinatra and turn it into the Venice-inspired Venetian Hotel (spending $1.5 billion) which became a trend setter in the gambling and hotel resort world.  Then he set his sights on gambling enclave Macao, China, and built the Sands Macao.  The subsequent floating of the company’s stocks in 2004 made him wealthy many times over. 

Other notable establishments include the Venetian Macao  Resort Hotel at the cost of $2.4 billion in 2007, and the Marina Bay Sands (Singapore) opened in 2010 at a reported cost of $5.4 billion. His businesses and net worth took a dive in 2008 due to the financial crisis but has since rebounded. His net worth is now $21.5 billion making him the 8th richest man in America.

Known for his philanthropic work most especially involving Jewish interests, he is also a big political contributor. His timely donations (including that of his wife) in the 2012 Republican primary, now totaling $10 million, have greatly helped the political fortunes of long time friend Newt Gingrich.  His philanthropy and influence reaches all the way to Israel.

You may admire him or not but you must agree he is a business leader in every sense of the word.

In 1997 famed fashion designer Gianni Versace was murdered in Florida.  The death raised questions about the future of his international fashion house. While there were people who could run the business side of things, fashion was all about appealing yet distinctive designs from the fashion house. The one tasked to continue this critical part of Gianni’s legacy (which was basically what the business was all about) fell on his younger sister Donatella. She was appointed head of design.

These were certainly large shoes to fill. While Donatella had her share of the limelight alongside her famous brother, she was more of her brother’s side kick than a star designer in her own right. She had to prove herself and this she did.

Today Donatella is the Vice President of the board and Creative Director of the Versace Group and has been credited with moving the company beyond clothing into a complete lifestyle brand. This includes among others, going into the hotel business.

Donatella rose to the occasion endured hardships and challenges and has come out on top. She filled her brother’s shoe and in the process has created her own legacy as well.

That’s one of the best ways to describe David Stern, the commissioner of the NBA.  If you ask the average NBA player (or any NBA player for that matter), its highly unlikely that “love him” would be his feelings towards Stern. As for the owners, well there are some debates there, too.  You can’t please everybody as they say and Stern would certainly agree to that.

There were some statements attributing that Stern was one of the main reasons why the NBA lockout took so long to resolve resulting to a shorter NBA playing season.  Pardon the words chosen but was the commissioner being too — stern?  There were very delicate issues to deal with involving revenues, parity and team competitiveness.  In the end the players, negotiators, team owners, everyone else involved, and of course David Stern came through and we now have our favorite teams and players back in the coliseums and on television.

Stern’s association with the NBA goes way back to 1966 when he was the outside legal counsel.  He joined the NBA 12 years later and finally headed the organization in 1984. He’s now been the head of the NBA for over 27 years.

One must admit that the NBA has grown under his stewardship.  From 23 teams there are now 30 since he took over.  There is now more television coverage and the game is more international.  Foreign players like Yao Ming and Pau Gasol have increased its international appeal. The Women’s National Basketball Association came into being under his watch as well the NBA Development League.

The NBA is big business.  Teams are valued in the hundreds of millions of dollars. Some teams though as of late have experienced negative earnings.

Love him or hate him; for over a quarter of a century Stern has headed an organization that turns college or high school athletes into multi-millionaires virtually overnight, provides employment to so many people, revenue to the government, and give legions of fans  great entertainment.