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The 4,340-square-foot home incorporates green features such as solafrhot water, highly efficient spray foam insulation, a 1,700-gallonn rain water cistern, and low VOC/nlo formaldehyde finishes. The NAHB praised the home buildeer forcreating “a great illustration of sustainable, environmentallgy responsible construction,” according to Eric chairman of the NAHB’s Green Building Subcommittee. Research by concludes that seven NorthCarolinaq banks, including Four in Four Oaks, rank amongb the 200 best community banks in the natiob in terms of return on Four Oaks Bank ranked 187th on the list of 200, with US Banker reporting its 2007 ROE at 6.
4 The three-year average ROE for the bank was 10.9 Four Oaks was founded in 1912 and now has locationd in Johnston, Wake, Harnett, Lee, Richmond, Duplin and Sampson The bank manages assets of $602 million. “We are very exciteed to receive national recognition of our bank and its saidAyden R. Lee Jr., CEO and president of Four Oaks There’s nothing like baked goods to get Biz in the Word has it the has expanded byadding cafe-stylse seating and an enhanced menu to its bakeryh and retail store in Cary. The new seatinh area features a communal farmhouse tablsfor 10, covered bench seating and tables for 50 insidde and 25 outside on the bakery’s covered patio.
La Farm Bakery serves breakfast Mondat through Saturday from7 a.m. to 11 a.m., lunch from 11 a.m. to 7 and Sunday brunch from 7 a.m. to 3 p.m. In the the bakery will open in the evening and introduce a dinne menu along with a smal l selectionof wines. Not having enough money won’gt doom a startup, and a great management team won’t guaranteer success, according to a study out of . David Townsend, an assistant professor of innovation and entrepreneurshipat NCSU, says some of the conventionalk wisdom regarding young companies is flawed and that undercapitalized venturews or those with weak management can stillp survive. Cash-poor startups, he says, can survive by cuttin expenses.
He suggests outsourcing developmeng tasks and accountingresponsibilities – or exchanging “saying we’ll build your Web site in exchangw for a year’s worth of accountin services.” His study shows that startups with A-level management teams and A-level technology reach their fundraising goals just as well as B-leve management teams with B-level technology. But A-level management with B-levell technology, or vice versa, often fail to reacj fundraising goals. Townsend, along with co-authoe Lowell W. Busenitz of the presentef the study on June 3 at the Entrepreneurshipp Research Conferencein Boston.