, for independence, for freedom, or for your industry, for your client, something there that drives you to do this instead of just going and taking a high-paying job. That why maybe quite personal, quite cultural, internal to the business.
Your why might be more external it’s something that fits into your brand but you’re clear about it it’s documented and if I went in and our three of your team members why this business existed, each of them would give me the same answer. So why you’re in business informs that vision and the steps that are going to get you there.
Lastly, it needs to be underpinned by commercial reality. There’s no point thinking that you’re going to grow your business by a thousand percent without needing to invest. That you’re going to go out there and be able to hire all the best people without having some compelling reason why they would work for you over other options that they might have.
This is one of the critical things that I often find particularly in early-stage businesses, maybe they’re in start-up, maybe they’re towards the end of the start-up journey, and just starting to see that scalable mountain ahead of them. They haven’t yet quite got the head around some of the commercial realities that are going on. They think that if they just hope and wish hard enough, it’s going to land in their lap.
The reality is you as a business owner are going to need to take risks. You’re going to need to make investments in time and staff, in money to implement those priorities to get you to where you want to go.
If you don’t have the commercial underpinning of that journey, then things aren’t going to get implemented, targets are not going to be achieved, your vision is not going to be realized, and you are going to be disappointed and letdown.
What is business strategy? It’s the strategic roadmap of ordered priorities, what am I going to do to go from where I am now to where you want to take the business in the future, with a full understanding of why you are in business and underpinned by those commercial realities.
 If not, reach out. I’d love to help you fill the gaps so that you can get to where you want to be sooner.Ohio Revised Code § 1739.18 - Contracts With Third-party Administrators.
(A) The third-party administrator has and maintains a fidelity bond as required by the "Employee Retirement Income Security Act of 1974," 88 Stat. 829, 29 U.S.C.A. 1001, as amended.
(B) The third-party administrator has and maintains errors and omissions coverage or other appropriate liability insurance in an amount set forth in rules adopted by the superintendent. The arrangement shall file with the superintendent a certificate of the insurer or other appropriate evidence of such coverage or insurance.
(C) The third-party administrator maintains an office in this state for the payment, processing, adjustment, and settlement of the claims of the arrangement.
Gareth Bale scored, again, but it was Aaron Ramsey who stole the show as Wales dominated Russia to enter the knockout stages of Euro 2016 in stirring fashion. Playing in their first major tournament since 1958, you might have forgiven Wales for freezing on the big stage, knowing that a win would definitely take them through to the next round, but when it mattered most, their big players stepped up, with Ramsey and Bale shining in a comprehensive win in Toulouse.
The 3-0 result not only put them into the next round, it also sent them through as the group winners, after England failed to find the target in their Group B match against Slovakia.
Ramsey opened the scoring for Wales early in the first half, with Neil Taylor, the man with the Indian connection, making it 2-0 soon after, before Bale placed that wonderful cherry on top of the icing courtesy a gorgeously taken goal in the second half.
Wales had a dream first half, with Ramsey and Neil Taylor taking their goals well to take the pressure off the team. Knowing that qualification was very much in their own hands and determined to show that negative, defence first tactics employed against England is not who they are, Wales set out to break Russia's resistance early, with Ramsey, his team's man of the match against England, scoring an absolute peach.
With the Russia defence up, Joe Allen played a nice through ball for Ramsey, who ran forward, before beautifully lobbing the ball over the goalkeeper and into the net. If a 1-0 lead after just 11 minutes wasn't good enough, Wales would double that advantage nine minutes later, with Ramsey again playing a big part.
The Arsenal midfielder started the move, finding Bale to run through the middle, before the ball would fall perfectly into the path of Taylor, off a deflection from a Russian defender. Taylor, the left-back, never looked comfortable in the one-on-one situation with Igor Akinfeev, and there was no surprise when the Russia goalkeeper made the save. However, the rebound fell right back to the Wales defender, whose mother is from Kolkata, and he made no mistake a second time with the finish, slotting the ball past the goalkeeper.
Russia had an opportunity to cut the deficit down via Artem Dzyuba, but Wayne Hennessey made a smart save, with Sam Vokes, in for Hal Robson-Kanu up front, unable to give his team an unassailable 3-0 lead as he failed to get the better of Akinfeev from a one-on-one situation.
The second half, as far as Wales were concerned, was all about keeping the match safe and ensuring they see it over the line with greater control than the one against England, and when Bale scored, off a nice chip and off a pass from Ramsey, the match was done and dusted as Wales qualified for the last 16 in some style.
Watch all the highlights of the match HERE and HEREHONG KONG - Hong Kong Disneyland, which was opened in September 2005, revealed its results of the fiscal year (FY) 2010 on Tuesday, which showed the theme park achieved its first notable earnings before interest, taxes, depreciation and amortization (EBITDA) in the last five years of operation.
Hong Kong Disneyland's EBITDA for fiscal year 2010, which ended on Oct 2, 2010, stood at HK$221 million ($28.4 million), in comparison with HK$70 million of losses in the previous fiscal year, the company said in a statement.
It was the first time since 2005 that Hong Kong Disneyland posted notable EBITDA.
Hong Kong Disneyland attributed the major increase in EBITDA to "top-line revenue growth combined with effective cost mitigation".
In FY 2010, Hong Kong Disneyland's revenues increased by 19 percent to just over HK$ 3 billion, thanks to record attendance, occupancy, per capita spending and per room spending.
The theme park welcomed more than 5.2 million visitors in FY 2010, a new record with a year-on-year increase of 13 percent. In the last five fiscal years, its cumulative attendance surpassed 24 million.
Per capita spending in FY 2010 gained 7 percent from a year earlier.
Occupancy of Hong Kong Disneyland's two hotels reached 82 percent, up 12 percentage points from the previous year of 70 percent, according to the statement.
Despite all the record figures, the theme park was still suffering loss in FY 2010. It reported net loss of HK$718 million in FY 2010, a decrease of 45 percent, or HK$597 million, from the previous year, it said.
Hong Kong Disneyland's costs and expenses -- mainly labor, operating and support costs, costs of sales, and marketing and sales expenses -- amounted to HK$2.79 billion in FY 2010.
Depreciation and amortization cost it hK$833 million, and net finance costs including interest expense, stood at HK$106 million, according to the statement.
Figures showed that the Chinese mainland replaced Hong Kong as the theme park's single largest source of visitors.
In FY 2010, 42 percent of the 5.2 million, or nearly 2.2 million visitors to Hong Kong Disneyland, came from the mainland, jumping 32 percent from the previous fiscal year.
This share of Chinese mainland's visitors was six percentage points higher from that of FY 2009, and eight percentage points higher from that of FY 2008. Hong Kong's share has declined from 41 percent for 2009 to 33 percent for 2010.
Terming the growth of 32 percent as "really high", Hong Kong Disneyland Managing Director Andrew Kam attributed it to the theme park's increased cooperation with mainland's travel agencies and successful marketing in the mainland.
According to Kam, Hong Kong Disneyland had enhanced communications with mainland's travel agencies through working offices and local staff of Walt Disney at Beijing, Shanghai and Guangzhou.
In 2010, Walt Disney also set up a working office in Chengdu, provincial capital of western China's Sichuan, to improve cooperation with local travel agencies, he said.
In addition, Hong Kong Disneyland had introduced Hong Kong's travel agencies to mainland's counterparts, enabling them to have more cooperation.
Walt Disney, the world's largest media company, owned 47 percent of Hong Kong Disneyland, while the Hong Kong government took the remaining 53 percent.
Hong Kong Disneyland, the world's smallest Disney theme park, was open to visitors on Sept 12 in 2005. It was jointly built by the Hong Kong government and Walt Disney Co, the world's largest media company and theme-park operator.
Kam also forecast Hong Kong Dis