San Angelo Standard-Times from San Angelo, Texas • 48

jr i 2F SAN 1H6H0 TAHDARD-TIMtS SUNDAY WOVEMBEK 8 1998 Personnel File TOURIST Continued IF note: This column includes personnel moves such as hirings and promotions involving West Texas people and companies Other business news such as business openings relocations and expansions appears In business columns and accompanying stories If you have questions or want to pass along a story or photograph idea please call the Standard-Times at 65 3-1221 Ext 262 or write to Rashda Khan Standard-Times PO Box 5111 San Angelo TX 76902 Mike Mikeska recently Joined Robert Poulson Allstate Insurance agency as a sales agent Mikeska who has 18 years experience in real estate and insurance in San Angelo will handle life health home auto and business insurance sales He has attended Angelo State University and Texas Tech and holds a Texas Real Estate Brokers license Texas Life and Health Insurance license and a Texas Local Recording Agents Insurance license Angelo State University graduate Kaycta Vansickle has Joined Shannon Clinic as a psychiatrist Before coming to Shannon Vansickle worked in Concord NH as a staff physician in the acute psychiatric unit at Concord Hospital She is board certified in psychiatry and is fluent in Spanish Vansickle has volunteered extensively for many mental-health related community activities including substance abuse prevention programs the Migrant Workers Screening Project and Psychiatric Aftercare for the Homeless from Page Estimates for extending Rio Concho Drive range from $15 million to $3 million And giving the project 10 years of praperty-tax abatement likely would amount to a total of $2 million according to McNeeseh estimates Abo the city likely would have to amend its tax abatement ordinances to allow a like the one proposed by Antipodes to advisory board members -including chairman Marty Self and Parry Cumutt said the proposal sounded like the city would be giving too much away But Councilman Monte Mahon said that the proposal deserves a careful look It could provide the community with $35 million in privately funded facilities instead of a $6 million to $10 million taxpayer-supported convention center expansion Mahon said' But Coundlwoman Jean Ryon advised caution the surface it sounds too good to be Needhamh partner Jamie Crow noted that under any agreement the city would only be obligated as long as Antipodes followed through on its promises The mayor's task The task force already voted 17 to 3 in flavor of retaining the convention business 8S a city function and keeping the convention center at its current location 500 Rio Concho Drive But those positions will get further examination late next week when consultants Frank Gray of Lakewood Cola and John Keeling of Houston visit San Angela Gray worked on the Regional-Urban Design Assistance Team plan that led to the creation of El Paseo de Santa Angela Keeling of PKF Consulting has expertise in convention and civic centers Task Force Chairman Sonny 1 Cleere said task force members believed they needed more expertise 1 to help answer the mayort questions about what type of meeting spaces the city would need through the year 2025 Cleere said the task force will 8sk the consultants to: Evaluate the task forced work so for Project trends and convention space needs' Analyze the dtyk current hotel-motel capacity Determine tire ideal sire and location for a convention centre exhibit halL Identify potential funding options for expanding the center: Provide professional input on the public verses private convention centre options Hie existing convention center The current convention coitre lacks the exhibit hall space needed to bring larger conventions to San Angelo city officials have TOP: This is an architectural drawing of a proposed water park for the east end of San Angelo BOTTOM: Planned hotel for the water park! a A --i1 i i ly according to figures provided by Public Facilities Director Michael McEnroe However that subsidy is going down The City Council on Thesday approved higher lease rates If those rates had been in effect the last two years tiie subsidies would have been less than $30000 annually Adams said his negotiations with Antipodes would be more a matter of hearing the details of what they want and determining what the dty is legally able to da Eventually' he would bring the proposals' to the council for consideration Needham has suggested a 30-day time period for that purpose biff council members said they want to be tied into such a quick Ideally the council sidre the proposals until after that mayorh task force reports back on its work with the two consultants No time frame has been given for i that work and while council members want the information as soon as possible they said they wanted the task force to take enough time to do the study right jLi want to go too' Ryon said decisions can bite ou in places you want to get ri mid tiie city gives the convention business to Antipodes the current centre could still nave a useful pur-pose as civic the city said In fact the Convention Centre normally is used now more like a because most of the events there are local such as weddings and dinners Adams said McNeese estimated that 92 percent of the events there are local events rather than conventions from out of town The dtyk convention centre also doesn't earn a profit Hotel-motel tax receipts subsidized its use in the last two budget years by more than $80000 annual Tips Bruha Resources Tips But even if it not expanded-' Business By Harlan forecast revised the second largest economy and dent hopes that Japan will provide a boost to the whole Asian region in the near future In a projection that could renew friction over Japanh trade performance the OECD estimates that the current account surplus will' surge to almost 4 percent by the end of next year the highest level since the mid-1980s The OECD's predictions are echoed by many private sector economists Consensus Economics research group says that private economists are now on average forecasting for the first time a further contraction of the Japanese economy in 1999 after a decline of 2J5 percent in 1998 pmThe River Club 800 Avenue Guest speaker is Douglas Fox director of technology at Angelo State University Call 949-3721 for information Thursday Chamber Ambassadors Committee meeting 3 pm Chamber Board Room 500 Rio Concho Drive Nov 17 Business After Hours Mixer 5 pm The Sound Box 2525 Sherwood Why Of course quite possible that many officematcs of some pack rats and pilers would place them in the category of slob FALL VACATIONS Fall is prime vacation time for many Americans but not necessarily Technicolor foliage drawing travelers palm trees theme parks and neon are bigger attractions A survey by the American Society of Travel Agents and die travel book publisher found that the most popular destination in this country during the autumn is Orlando Fla followed by Las Vegas New York City is the third most popular destination and while the leaves are changing in Central Park foil travelers are more interested in theater and antique shows Other stations which may come into the market include another Christian-music format station operated by Angelo Christian Ministries Inc an extension of Tree of Life Church and a station owned by Broadcasting for the Challenged Inc according to information obtained from the Federal Communications Commission According to one media observ- er the addition of new radio sta- tions might create challenges in the San Angelo market would Say the increased competition with the addition of as many as three radio stations would continue to dissect the radio market and make it more said Phil Brassie vice president and general manager of KLST-TV KLST now has its own televi-' sion competition with the addition of NBC affiliate KABC for as television outlets and the addition of KACB we welcome the competition it forces us to perform better as professionals and Brassie said is always good fur KACB an NBC affiliate began airing local news Oct 1 The station office is at 2802 Southwest Blvd and employs 25 News Director Jose Suarez said the station which has operated a sales office in San Angelo for about three years is a subsidiary of Sunshine Television Corporation based in Kansas Its sister station Is KRBC in Abilene Japanese economic Scrlpps Howard News Service TOKYO The Japanese economy will contract by 26 percent this year and the outlook for 1999 remains gkxxny according to the Organization for Economic Cooperation and Development (OECD) The forecast from the influential Paris-based think tank represents a sharp downward revision of its prediction last May of a 03 percent decline The OECD is still calling for growth of 02 percent next year but warns that this could be undermined by the recent strengthening of the yen fresh hanking turmoil or a slump in global markets The forecasts are likely to boost further international unease about Business Calendar atwMHNasasaaas Tuesday San Angelo Chamber of Commerce general membership meeting 11:30 am Rio Concho West Oak Tree Club House 6359 Appaloosa Trail Wednesday Chamber Higher Education Committee meeting 10 am Chamber Board Room 500 Rio Concho Drive Thursday "Year 2000: Are You and Your Business a program sponsored by Texas Bank 5-6 BUSINESS I Continued from Page IF London was at the top of Cushman A list of the I IS most expensive office locations iff the world New York was No 13 and San Francisco No IS NEATNESS IN TOE EYE OF BEHOLDER-Feople who workin offices when asked to describe themselves as neat sloppy or wise are likely to say die tidy I type according to a survey of nearly 2100 people by Steelcase Inc A third of the respondents said they were Another 27 percent said they were 23 percent said they were and 12 percent described themselves as Only 2 per- cent said they were slobs RADIO Continued fjrom Page IF KCRN and KGKL also have AM formats and KKSA is the AM sister station to KIXY and KWFR Of the stations two are noncommercial: KCRN a Christian music station and KUTX University of Texas at Austin-based public radio More adult contemporary music will fill the airways with the addition of KCSE 965 FM which has been conducting on-air tests for more than a month KCSE will play hits from the and 90s and will provide news coverage as well according to information provided by the San Angelo Chamber of Commerce KCSE will be housed in the Cactus Hotel Manager of the new station will be radio veteran Steve Everett a Ballinger native who also operates KRUN and KCSE there KCSE is owned by Graham brothers Entertainment of Odessa according to FCC information Graham Brothers currently is building a nightclub complex on Sherwood Way Neither the Grahams nor Everett would comment about the new station Records indicate the station Joined the Chamber of Commerce as KKCNKCSE in October Radio personality Brooke Adda ms formerly with K-LITE has Joined the staff a 1 tations It also will give you a ballpark figure for the real market value of the business In the asset-based valuation value is assigned to the assets acquired The current market value and the liquidation value iff the assets are determined The assets include: land buildings fixtures inventory lean-' hold improvements furniture accounts receivable cash (if included in sale) and any pie-paid expenses The value of tangible assets is relatively easy to determine It is the intangible assets that are difficult How much is die reputation name and customer base worth? There are some formulas available to help in making tills determination Incomehase valuation considers tiie ability of the assets to produce income How much profits based on cash flow will the assets generate? TVo methods of calculation are widely used They are the multiple method that looks at tiie cash flow history of the business and the discounted cashflow method which looks at the future cash flows There are three very Important variables used: net cash flows discount rate and present value To use this method will require a full understanding of these concepts The bottom line to this discussion is that valuing a business is not a simple matter No method of valuation fa going to give the seller or the potential buyer the precise value The correct price is always the one that the buyer and seller agree to after negotiations Valuation methods can help get you closer fo that figure i Business Tips is provided by Harian Bruha director of the Small Business Development Center at Angelo State University Buying op Sound a Business hb Rmr Puce? In recent weeks we have seen several clients in the Small Business Development Centre who are interested in selling or buying an existing small business In each case the buyer or the seller asks the question is the value of the Clients are told up front that I am not a certified business appraiser but have had experience in both buying and selling a business and I can share that experience with them I also recommend that they may wish to retain a professional business appraisee They are available in San Angela In determining a price for a small business you must at least perform a valuation There are different valuation methods available but most foil into two categories: asset-based valuation or income-based valuation Which is best? Neither is necessarily better than the other Each will giveyou a different value The importance of using a valuation method is that it will giveyou confidence in negotiations and keep you from having unrealistic expec ') Human By Dick Baggett 80 percent of back injuries Involve the lower back 75 percent of back injuries occurred while the employee was lifting 1 One of the major reasons employees have back injuries is due to using awkward positions What can the employer do to prevent injuries from awkward positions? There are three important things to do: Study the workplace and be sure employees are sitting and moving in safe positions Create workplaces designed to reduce unnecessary acts of bending twisting or reaching Encourage employees to use good posture to use techniques or equipment that support the back Some things employees can do to protect themselves are: When sitting in a chair use a good back support Use good ergonomic principles when working at your work station Change your position occasionally between sitting and standing Rest one foot on a low stool when standing Put both feet on the floor when sitting Sit and walk with good posture head high chin tucked In toes pointing straight ahead! Work at a work station that is at a comfortable height prefer ably between the elbow and shoulder and minimize! extensive reaching By using some of the simple ideas above employers and employees can avoid becoming one of the statistics mentioned earlier Human Resource Tips Is provided by Dick Baggett of Human Resource Solutions of San Angelo a management consulting business Baggett is a Senior Professional In Human Resources with the Society for Human Resource Management i- Back Injuries Here are some interesting facts about backs and back injuries Why do back injuries occur? Part of the reason could be the structural aspects that make up our back Did you know your back has many ligaments 30 discs 33 vertebrae and 300 muscles in it? Here are eye-catching facts about back injuries: Most industrial back accidents are called A back strain is an overexertion or stretching of tiie muscles Most Jobs still have elements of handling materials MOpercent of most jobs require extensive manual handling of In Texas back injuries account for 29 percent of compensation claims The average back Injury compensation claim costs $18725 and can exceed $75000 with indirect costs Nationally more than 1 million workers suffer back injuries each vear A fourth of all compensation claims involve back injuries Back injuries make up one fifth of all workplace injuries or.