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PSD joins Green Button Initiative
ITHACA — Performance Systems Development, an Ithaca–based provider of building performance software and services, has joined the White House-led Green Button Initiative. The White House last year called on industry to provide electricity consumers with easier access to their energy usage data via a green button on utility websites. Access to the information can help […]
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ITHACA — Performance Systems Development, an Ithaca–based provider of building performance software and services, has joined the White House-led Green Button Initiative.
The White House last year called on industry to provide electricity consumers with easier access to their energy usage data via a green button on utility websites. Access to the information can help consumers conserve energy and save money through new tools and services developed by third parties, according to PSD.
The company plans to offer Green Button energy data connections as part of its Building Performance Compass software.
“Easy and recurring access to energy information is critical to improve the success and efficiency of the energy efficiency industry,” Greg Thomas, CEO of PSD, said in a news release. “We applaud the White House for rapidly moving forward this voluntary standard. It will help building and homeowners make better decisions, help contractors and engineers improve their energy services, and help utilities improve the cost effectiveness of their programs.”
Thomas is also chairman of Efficiency First, a national building retrofit trade association.
Contact Tampone at ktampone@cnybj.com
Survey: Employer wellness programs on the rise
More employers are launching wellness programs, and the majority of organizations currently offering wellness initiatives are looking to invest in and expand them. That’s according to the 2011 Willis Health and Productivity Survey by Willis North America’s Human Capital Practice in Atlanta, a unit of global insurance broker Willis Group Holdings, plc (NYSE: WSH). The national survey found 60
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More employers are launching wellness programs, and the majority of organizations currently offering wellness initiatives are looking to invest in and expand them.
That’s according to the 2011 Willis Health and Productivity Survey by Willis North America’s Human Capital Practice in Atlanta, a unit of global insurance broker Willis Group Holdings, plc (NYSE: WSH).
The national survey found 60 percent of respondents indicated they have some type of wellness program, an increase of 13 percent from 2010. Willis also found 58 percent of employers with wellness programs already in place say they plan to expand their wellness plans with added programs or resources.
“Wellness programs continue to evolve and it is encouraging to see more organizations initiate programs despite economic pressures and continuing challenges in accurately measuring outcomes and results,” Jennifer C. Price, senior health-outcomes consultant in the Willis Human Capital Practice, said in a news release.
Additional key findings from the survey include:
– Of those organizations with a wellness program, 40 percent reported they have an “intermediate” program in place. The survey defined that as having established a wellness budget and providing some incentives for participation, in addition to offering the voluntary wellness activities of a basic plan.
– The most common types of wellness programs offered by survey respondents include: physical-activity programs (53 percent), tobacco-cessation programs (49 percent), and weight-management programs (45 percent).
– When asked about the leading barrier to measuring success of their wellness initiative, 43 percent of employers said it was the difficulty of determining the influence of wellness compared with other factors affecting health-care costs. Insufficient data and not enough staffing/time are other common barriers to measuring success.
The survey included a subset of questions that also asked employers about work/life balance programs. Findings reveal that 51 percent of respondents reported promoting work/life balance initiatives within their worksite-wellness program.
The survey found that helping employees achieve work/life balance is a significant concern of 18 percent of respondents, and somewhat of a concern of 54 percent of respondents. Flexible start/end times are the most common offering of work/life balance program options, reported by 81 percent of respondents.
Willis said it conducted the survey for the global business market, gathering information from 1,598 employers throughout several different industries, locations, and organizational sizes. It said 57 percent of the respondents had fewer than 1,000 employees and 42 percent had fewer than 500 workers. Willis conducted this survey through a web-based program.
EBRI: Consumer-driven health-plan enrollees are healthier, wealthier
People enrolled in “consumer-driven” health plans tend to have higher incomes, higher educational levels, and report better health behavior than do those enrolled in traditional health plans. But they are not younger. Those are just a few of the findings of a new report by the nonpartisan Employee Benefit Research Institute (EBRI) that examines trends
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People enrolled in “consumer-driven” health plans tend to have higher incomes, higher educational levels, and report better health behavior than do those enrolled in traditional health plans. But they are not younger. Those are just a few of the findings of a new report by the nonpartisan Employee Benefit Research Institute (EBRI) that examines trends over the 2005–2011 period.
Consumer-driven health plans (CDHPs) generally consist of high-deductible health plans (HDHP) paired with a health-reimbursement arrangement (HRA) or a health savings account (HSA). As of 2011, about 21 million individuals, representing about 12 percent of the market, were enrolled in a CDHP or an HSA-eligible health plan.
“Consumer-driven health plans are a growing presence in the health insurance market, so it’s important to understand how they differ from traditional health plans,” Paul Fronstin, author of the report and director of EBRI’s Health Research and Education Program, said in a news release. “It is often assumed that CDHP enrollees are more likely to be young than those with traditional coverage, because they use less health care, on average. However, in most years, the survey found that CDHP enrollees were less likely than those with traditional coverage to be between the ages of 21 and 34.”
Other major findings in the EBRI report, which examines the population enrolled in a CDHP and how it differs from the population with traditional health coverage, include:
Education: CDHP enrollees were about twice as likely as individuals with traditional coverage to have a college or post-graduate education. In 2011, 24 percent of CDHP enrollees had a graduate degree and 48 percent had a college degree, compared with 12 percent and 24 percent, respectively, of traditional plan enrollees.
Health: In six out of seven years of the survey, EBRI found that CDHP enrollees were more likely than traditional-plan enrollees to report excellent or very good health. CDHP enrollees were less likely to report that they smoke or did not exercise regularly, though it could not be determined from the survey whether plan design had an impact on those self-reported factors.
The full report is published in the April 2012 EBRI Notes, “Characteristics of the Population With Consumer-Driven and High-Deductible Health Plans, 2005–2011,” online at www.ebri.org.
EBRI says it’s a private, nonprofit research institute based in Washington, D.C., that focuses on health, savings, retirement, and economic-security issues. EBRI says it does not lobby or take policy positions.
New York Optometric opens location in Armory Square
SYRACUSE — A new branch of an optometric business has opened at 85 Walton St. in the Armory Square district. Lou Enzerillo, owner of New York Optometric, opened his second location in Syracuse on April 16. Enzerillo’s first store is at 116 E. Washginton St. He is calling the stores New York Optometric Downtown and
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SYRACUSE — A new branch of an optometric business has opened at 85 Walton St. in the Armory Square district. Lou Enzerillo, owner of New York Optometric, opened his second location in Syracuse on April 16. Enzerillo’s first store is at 116 E. Washginton St. He is calling the stores New York Optometric Downtown and New York Optometric Armory Square, respectively.
Enzerillo noted the reason he has launched another store, that is not much more than a five-minute walk from the first, has to do with the different areas of the city and different clients.
“I want to bring new things to the Armory Square location that currently can’t be found in Central New York. New specialty frame lines such as Lindberg, Lafont, and Salt.optics are eyeglass frames that differ from the traditional eyeglass standards,” he says.
The opportunity to lease the Walton Street location presented itself through a previous relationship with the building owner, Robert Ducette. Enzerillo signed the lease with Center Armory Associates LLC in December 2011. Terms of the lease were not disclosed.
“We did extensive renovating to the new site,” says Enzerillo, “all new lighting, new flooring, new plumbing (added a sink in the exam room), new paint (including a feature wall done by Jean Conte), and reworked the furniture/fixtures.” The cost of the renovations was not disclosed.
Thus far, Enzerillo has hired one additional, full-time person, optician Lisa Giocondo, for the new location. Later, staffing with depend upon the ebb and flow of the business. For the present time, he’s keeping the scheduling of his current employees flexible.
New York Optometric currently has three employees on East Washington Street, not including an optometrist who comes in two days a week, and one employee on Walton Street. Enzerillo will continue to spend the majority of his time on East Washington Street, but will keep his time flexible.
Startups That Shoot From the Hip, End Up Shooting Off Their Own Foot
Have you ever wondered how many times you have tried to do something half-way, only to discover that it would have been easier if done the right way from the very beginning? My daughter hates to read instructions. She will build a model or assemble a new toy by “intuition.” Sometimes she goes forward one
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Have you ever wondered how many times you have tried to do something half-way, only to discover that it would have been easier if done the right way from the very beginning?
My daughter hates to read instructions. She will build a model or assemble a new toy by “intuition.” Sometimes she goes forward one step and back two throughout the entire building process. Sometimes, she spends hours with no glitch until she gets to the end and has to take the entire project apart because she made one mistake early on. I can’t tell you how many times she has done this. Her particular affliction might be laziness, pride, or maybe she just likes the challenge and discovery of it all.
On the other hand, I am guilty of doing similar things due to being cheap. When I was 23 and bought my first house, I decided I would shovel the driveway instead of paying to have it plowed. A slipped disc and many blisters later, I learned that was not the most efficient choice. Later, I would build things instead of buying them. Each one ended up costing twice the money and 10 times as much time, along with the added insult (and monetary pain) of having to eventually buy the thing anyway.
The Small Business Administration (SBA) has done multiple studies that say approximately half of new businesses fail. I have also read dozens of top 10 lists outlining the reasons that new businesses fail. Every single item on those lists traces back to poor planning and preparation. Like me and my daughter, entrepreneurs jump into their startup idea and just start doing. Some do it because they are too lazy to plan and it’s just more fun to start shooting. Others know they have to plan but don’t know how to do it and are too cheap or broke to pay someone to help them. In a recent poll I distributed, 50 percent of the respondents said shooting from the hip cost them between $10,000 and $20,000, and some even more.
Most entrepreneurs go forward before thoroughly assessing their startup idea. How much has shooting from the hip cost them? Most likely it’s tens of thousands of dollars.
OK, so what do you do if you’re planning to launch a business?
Everyone always talks about “the business plan,” which is fine, as long as there actually is one. There are people you can hire to do a generic plan, software, templates, and millions of articles and advice. But the real value of a business plan is not the pretty spiral-bound report at the end. Sure, that is what you need to get a loan. But for purposes of really understanding your business and possibly gaining a venture-capital investment, the finished product is of little value.
It’s the process of doing the plan that provides the value. The only way to truly prepare to start a business correctly is to have a professional walk you through a feasibility study (psychographics, SWOT, competition, etc.) and force you to answer all the tough questions about your business. The questions you can’t answer are the most valuable. They will force you to do research and engage in the dreaded “gut check” where you are faced with a negative you didn’t want to know existed.
These are the questions that make you work harder and which raise the self-doubt needed to really give you an intimate understanding of your business and all the outside influences. You will know the six different things that can happen, the odds of each happening, and what to do for every one of them. You will be prepared for the things that pop up instead of being surprised. You will be calm and in control, instead of twisting your guts every night worrying. You will have the next closest thing to a crystal ball for your startup. Your funding package will be as bullet-proof as possible. You will be empowered in knowing exactly what to do and why you should do it. That is the power.
Efficiency and value
What the SBA studies don’t tell you about the failed businesses is that those entrepreneurs are typically destroyed both emotionally and financially with no insurance and a huge pile of debt. Our studies show that most waste between $20,000 and $40,000, plus months to years of wasted time “shooting from the hip” before they ultimately fail.
I had an interesting “debate” with a 40-time serial entrepreneur on LinkedIn last week. He responded in disagreement with my initial posting about how bad it is to shoot from the hip. To summarize our lengthy chat, he was basically saying that taking the whim and chance out of startups is both unrealistic and stifling to creativity and enthusiasm. He saw the process I described above as a bureaucratic waste of time.
I always say most fights and divorces are caused by misunderstandings. I clarified that my intent was not to stifle anything. A good feasibility study and business plan simply help entrepreneurs who don’t have the experience of someone who has done it 40 times, as my new friend had.
Most importantly, if the “doing” process is done in an educational way, the entrepreneurs emerge prepared for battle. They are trained to swat down objections with well-thought-out and articulate answers. Even if they get an objection they haven’t specifically trained for, their basic training kicks in and they are able to defend their business.
If these studies can prevent entrepreneurs from making one mistake without losing the lesson that mistake has taught them, then they have improved their chances, been better educated, and saved money. And ultimately, that’s the goal.
Eric Egeland is president of Capacity Consulting Inc., based in Sullivan County. He provides strategic consulting for multiple industries and has personally created 10 successful startups. Contact him at ericegeland@capacityconsultinginc.com
Maybe it’s my imagination, but we seem to have gotten awfully regal in this country. That’s what came to mind when I heard about the kafuffle over our Secretary of Defense. Leon Panetta has been flying home to California most weekends — on Air Force jets — costing taxpayers $32,000 per round trip. The Defense
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Maybe it’s my imagination, but we seem to have gotten awfully regal in this country. That’s what came to mind when I heard about the kafuffle over our Secretary of Defense. Leon Panetta has been flying home to California most weekends — on Air Force jets — costing taxpayers $32,000 per round trip.
The Defense Department says White House guys agreed to this when they hired him. “No, we didn’t!” the White House guys cry. You can imagine that nobody wants to admit to the deal.
Panetta says he just wants to visit his ranch and wife and family. Right. Here is a suggestion, Leon. If you want the job in Washington, how about you move your family to that area? And if you don’t want to do that, then pay for your own travel.
If you tell us you sacrifice the big bucks to take the low-paying secretary’s job, we agree. You do. So sacrifice, already. If you don’t want to sacrifice, take the big job in business and make millions. And don’t try to make us feel sorry for you for your low pay in government. You will sign book deals worth millions when you retire. And groups will pay you $30,000 to deliver glib speeches. And you already get a lot of perks that kings would envy.
Royal treatment is in vogue in Washington. As you know from reports of the Las Vegas bash by bigwigs from the General Services Administration. The top guys may go to jail for their theft from taxpayers. But do you really believe this is an isolated instance? And do you really believe this is the end of such gouging of taxpayers by top guys in government?
Seems to me that we could do with less of the royal treatment. From the president down.
A few years ago, I saw the president drive down a Manhattan street — with 37 cars and a handful of motorcycles. Yes, 37 cars. But wait. He also had helicopters whap-whapping overhead. And thousands of city cops who barricaded all the intersections, stopped all the cross-traffic for miles. Backed up tens of thousands of cars.
All for the president’s visit.
His limo-tanks were flown in, of course. Hundreds (at least) of Secret Service guys scoped out the route and building tops and manholes in advance. The other armored cars carried an army of security guys and tons of guns. When the president visits a small country, his entourage is bigger than its army. He could step out of his limo and declare we had successfully invaded and were taking over.
A simple trip to New York City costs several million bucks. That seems outrageous to me. I know, I know, we must protect him. And he might have to launch nuclear weapons at any moment. But it seems a bit over the top. The Brits and French send their leaders overseas without all this regal stuff. And those countries have nuclear weapons at the ready, just like us.
It might be nice once in a while to fake everybody out. Tell the world the president has gone to Camp David. Meanwhile, tuck him into a beat-up taxi for his trip to some dinner. He would be safe because nobody would know about it.
It would be good for him to experience what ordinary mortals do. (“Uhh, driver…is this what they call a traffic jam? I think I’ve read about those.”)
And it would save us millions of bucks per trip. Mind you, those New York City taxis can be pretty pricey.
From Tom…as in Morgan.
Tom Morgan writes about financial and other subjects from his home near Oneonta, in addition to his radio shows and new TV show. For more information about him, visit his website at www.tomasinmorgan.com
Our Region Takes a High-Risk Approach to Investing
Would you take the advice of a financial advisor who told you to invest in only two or three industries? The answer is — of course not. Most individuals, corporations and institutional investors realize the value of diversity within a portfolio. Yet, as a region, we seem to ignore this principle. The good news is
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Would you take the advice of a financial advisor who told you to invest in only two or three industries? The answer is — of course not. Most individuals, corporations and institutional investors realize the value of diversity within a portfolio. Yet, as a region, we seem to ignore this principle.
The good news is that we are seeing investment and expansion take place. According to a recent report in The Central New York Business Journal [March 9, 2012 CNY Construction Projects Special Report], there are more than 60 sizable construction projects throughout the area. No doubt, this is a notable indicator of growth.
But before jumping for joy, we need to look at the composition of this growth. Three-quarters of these projects are being built for institutions of higher learning, health-care facilities, governmental agencies, and various not-for-profit organizations. The remaining 25 percent is comprised of companies trying to generate a profit.
This is not merely a snapshot. The 2011 edition of this report revealed a virtually identical breakdown. Employment and job-growth statistics further corroborate this trend.
The fact that universities and health-care institutions are expanding should be of little surprise as “Eds and Meds” have long been seen as the shining sectors for our region. Yet, it is worth examining why these sectors are booming while so many other segments are lagging.
Are organizations in these segments of the economy better run and more solid financially? Or perhaps, based on market demand and demographics, these are the sectors that should be growing. Still, even if these assumptions are true, other factors need to be considered.
Those of us who operate businesses in New York State realize how hostile the environment can be for conducting business. Let’s be honest, our region’s de-facto investment policy is driven by a broad range of oppressive taxes that have a chilling effect on business growth. The 75 percent of the expansion projects, as mentioned above, were mostly being built for and funded by not-for-profit institutions. Of course, the notion that organizations with lesser tax burdens are better positioned for growth is hardly a revelation.
Make no mistake, I am not criticizing these components of our economy. I believe wholeheartedly that the health-care institutions along with the universities and colleges make a positive and significant impact on the quality of life within the region. They not only bring first rate-services to the populace, but also attract highly qualified professionals, provide good-paying jobs and add to the magnetism of the community.
The risk lies, however, in having a business community within a concentrated portfolio of industries. Being too heavily weighted in a narrow range of business sectors can be a formula for disaster — think of Detroit. As with personal investments, a diversified portfolio of economic engines will best create further opportunity for growth while mitigating the risks of an economy concentrated in too few industries.
Without a measurable change in New York State’s prohibitive tax and business policies, we will continue down this path. Last spring, Governor Cuomo said that businesses were leaving the state because of real-estate taxes being too high. He responded by putting forth a cap on property taxes.
This is not a solution. Limiting increases on taxes that are admittedly too high does not solve the problem. It is akin to having the homeowner whose house is engulfed in flames being told by the fire chief that the blaze will not get much worse. That is not enough — you have to put out the fire.
The other mistake the governor has made is the assumption that the problem comes solely from property taxes. The frosty business environment in New York stems from the total tax burden on business combined with workers’-compensation costs, funding public employee pensions at unsustainable levels, and an array of rules, regulations, and fees.
It is time for the governor and the state legislature to recognize the need for having a nurturing environment for all types of businesses. Creating an environment that fosters job growth across many sectors will produce a well-rounded and robust economy providing job security for all in the tax base. That’s a risk we can live with.
David H. Panasci is president of DHP Consulting, LLC in Camillus. Visit his website at www.dhpconsulting.com
Community Health Foundation awards grants to midwifery services
SYRACUSE — The Community Health Foundation of Western and Central New York (CHFWCNY) is giving $15,000 grants to three midwifery services in the Syracuse area
Former CEO of furniture supplier joins e2e board
ITHACA — Peter Cohen, a co-managing director of 22 Holdings Corp., is now a member of the board of directors at e2e Materials. 22 Holdings
CEO survey ranks New York 49th for doing business
New York is the second worst state in the nation in which to do business, according to a new survey from Chief Executive magazine. The
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