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The 4,340-square-foot home incorporates green featurezs such as solarhot water, highly efficienft spray foam insulation, a 1,700-gallon rain watedr cistern, and low VOC/no formaldehyde The NAHB praised the home builder for creatiny “a great illustration of sustainable, environmentally responsible according to Eric Borsting, chairman of the NAHB’s Green Buildiny Subcommittee. Research by concludez that seven North Carolina including Four inFour Oaks, rank amongv the 200 best community banks in the nation in terms of returh on equity. Four Oaks Bank ranked 187tuh on the listof 200, with US Banker reportintg its 2007 ROE at 6.4 percent.
The three-year averaged ROE for the bankwas 10.9 Four Oaks was founded in 1912 and now has location in Johnston, Wake, Harnett, Lee, Richmond, Duplin and Sampson counties. The bank manages asseta of $602 million. “We are very excited to receivse national recognition of our bank and its saidAyden R. Lee Jr., CEO and president of Four Oaks There’s nothing like baked goodsw to get Biz inthe mood. Word has it the has expande d byadding cafe-style seating and an enhanced menu to its bakerh and retail store in Cary. The new seatingb area features a communal farmhouse tablesfor 10, covered bench seating and tables for 50 insid and 25 outside on the bakery’ covered patio.
La Farm Bakery serves breakfast Monday throughu 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 introduced a dinner menu along with a small selectionhof wines. Not having enough money won’t doom a and a great managementteam won’t guaranteed success, according to a study out of . David an assistant professor of management, innovation and entrepreneurshiopat NCSU, says some of the conventional wisdom regarding yountg companies is flawed and that undercapitalized ventureas or those with weak managementr can still survive. Cash-poor startups, he says, can survive by cuttinyg expenses.
He suggests outsourcing developmentf tasks and accountingresponsibilities – or exchanging “saying we’ll build your Web site in exchangd for a year’s worth of accounting services.” His study shows that startups with A-level managementy teams and A-level technology reach theirf fundraising goals just as well as B-level managemeny teams with B-level technology. But A-level management with B-levekl technology, or vice versa, often fail to reacu fundraising goals. Townsend, along with co-author Lowell W. Busenitz of the presente d the study on June 3 at the Entrepreneurship Research Conferencein Boston.