On the fast track to profits: a small cellular communications company used ratio analysis to measure success

Article Abstract:

Maine-based cellular telephone service company Unicel was established in 1988. At the onset, Unicel's management estimated that the company would become profitable in its fourth year of operation provided it was able to build up a sufficiently large subscriber base. However, in 1992, the company discovered that while it had achieved its sales targets, it was still unable to achieve a profit on its operation. The principal reason, according to Unicel's financial analysts was that intense competition had forced the company to lower its service rates to a level that was actually lower than its costs. To help the company achieve its original profit targets, Unicel's managers began a benchmarking campaign intended to help it cut costs. They also launched an overhaul of its financial information system in order to obtain a clearer picture of its industry position. This was done by using ratio analysis to measure Unicel's position relative to its competitors.

Radiotelephone communications, Cellular Mobile Radio Services, Cellular and Other Wireless Telecommunications, Management, Cellular telephone services industry, Cellular telephone services, Unity Cellular Inc.

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An inside look at small business reform

Article Abstract:

In 1986, 1,825 small business owners from throughout the United States met in Washington, D.C. to make recommendations for government action in the area of small business reform. More than 2,000 resolutions passed at the state level were narrowed down to 60 proposals that were presented to Congress. The three most prominent issues in the conference were: liability insurance reform, elimination of government-mandated employee benefits, and prohibition of unfair competition from tax-exempt corporations. Other resolutions called for: a balanced federal budget; the creation of cabinet-level posts for international trade and small business administration; and reforms of IRS procedures.

United States, Analysis, Conferences, meetings and seminars, Economic policy, White House Conference on Small Business

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When a small business fails: how Sec. 1244 cushions the risk

Article Abstract:

Failing small businesses can reduce their losses if they are incorporated under Sec 1244 of the Internal Revenue Code. The benefits offered by Sec 1244 include current deductions for losses from the business and ordinary loss treatment on losses resulting from the sale or worthlessness of the firm's stock. Companies may receive the Sec 1244 stock treatment if they were domestic small businesses upon issuance of stock, their stock was issued for money or other property, and they have satisfied the 'gross receipt test.'

Laws, regulations and rules, Bankruptcy law

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