Blackberry used to be one of the most formidable brands of mobile phones, long before the likes of iPhones made their way into the market. With the advent of touch-screen and smartphone technology, it’s become clear for this mobile company that it’s going to be a difficult fight for them. By then, the company already expected a net operating loss between $950 and $995 million by the end of the quarter in August, due to write-downs and other factors.
This put Blackberry in quite a situation, as the results have now forced them to look for buyers to purchase parts of the company, or the entirety of it. While several options are being considered, an outright sale is still one they are geared for in the face of lacklustre sales of their new smartphones. “The company has sailed off a cliff. What do you expect when you announce you’re up for sale? Who wants to commit to a platform that could possibly be shut down?” said BGC Partners analyst Colin Gillis.
The sales that could’ve
The hype built around the Blackberry Playbook didn’t do much to help boost the sales of their tablet. Ever since the arrival of smartphones like the iPhone and the Galaxy S series, sales of their Blackberry phones have flopped like fish out of water. Their latest smartphone, the Z10, also flopped in sales. In its latest fiscal quarter, Blackberry wrote down their inventory valued at $960M and ended up cutting 40% or 4,500 jobs from the workforce.
Shares listed in Toronto dropped to as much as 23.7% or C$8.25 by September 20 – their lowest this year – before closing down 16 percent at C$9.08.
By September 23, Blackberry already announced that they already struck a deal with investors who want to take it private at a value of $4.7B or at US$9 a share.
What’s in store?
Prem Watsa, the boss of Fairfax Financial Holdings, knows Blackberry well. Fairfax owns a tenth of Blackberry’s share and Mr Watsa was one of the directors until he resigned last August when a committee was set-up to review Blackberry’s future.
Mr Watsa is said to be making a big contrarian bet when the Blackberry deal pushes through. The firm has already announced that it is abandoning the consumer market and will be focused on corporate ones – ones that include software for businesses and secure their worker’s mobile devices.
The most concrete way of measuring a status is through statistics and as organizations like NOVA employment provides work opportunities for disabled citizens of this country, will we still need to campaign for equality of opportunities for the disabled or celebrate victory? Let us see what statistic has to say.
The Australian Bureau of Statistics has been monitoring the ups and downs of the entire population of disabled people since 1993. During 2009 the number of people with disability aged 15-64 years has amounted to 2.2 million while in 1993 the count was only for 1.7 million.The highest number of disabled people that fall under the prime working age was in 2003, which accounts to 17% and in 2009 just over half (51%) were women.
There has always been a marked leap of economic contributions from persons with disability with regard to their participation to the inflation and foreign exchange market. A sociologist has noted that the involvement of the capacity, both psychologically and sociologically, of the disabled persons have been on an uphill for quite sometime now.
Opportunities are never scarce and support system is available. Persons with disability engaged in small scale enterprises contribute to the stability of the rate of the foreign currency. Being employers and with the right business formula makes a whole lot of difference in terms of income and sending in the foreign currencies. Online selling business is one very popular business, and is rather appropriate for individuals with disability. The technology offers a great help also in outsourcing support groups and professional assistance.
Through the years, many support groups have been noted to be organized primarily to offer specialist assistance to workers with significant barriers. One is Nova Employment which has a program for persons with disability that offers assistance to persons with disability on job hunting and job posting. Though Nova Employment is not an employment agency, and is funded through donation and sponsorship, it also provides persons with disability assistance even after a job placement. This project received positive feedback that lead to their shortage in terms of funds. Read more →
Will you do anything to make for your own business to make it a success? Honestly, a lot of people would and you would surely do too. Click here for a story that proves that anyone can make it happen. That is perhaps one of the reasons why ordinary folks would say that those who own businesses are ruthless people – they are all about the money and the numbers, and doesn’t concern themselves much on the process or how things are done so long as they hit their goals.
One of the top things that business owners do is to make sure that they and the people working for them understand the business details, such as the processes and policies they have. Many driven business owners are very detailed oriented to a point that they are micro-managing and wants to be on top of each department in their business, especially when it is connected to running the business and achieving their goals, resulting to increase profit. They are also committed to widen their knowledge when it comes to information that can be useful and connected to the success of their business. They never stop learning and with the ever-changing world we’re living in today, business owners have learned to master the skill of adaptation because innovations are constantly made and to be successful, you have to be flexible and adapt these innovative ideas to continually grow your business.
As a business owner, you always have to be on the lookout for opportunities that will help you grow your business, even if it means having to relocate your business to another city or state. It should be noted that moving to a new location carries the same risk as opening a new business, so business owners should think twice and hard about moving to a new location. Regardless, some business owners actually find success when they relocate, and some don’t.
Some business owners would say that it’s practical to relocate your business, while some would say moving house is a fool’s errand. Set aside the factors of success and failure, what would be the practical reasons to move your business?
- Grass may be greener on the other side – This is considered as a practical reason to move to a new location because of better opportunities. What does this mean for your business? It may mean your business will generate more customers, make more sales, and so on. Relocating means you have the opportunity to let your business grow, but it sounds easier said than done. One must need to do adequate amounts of market research to see how your business will fare in that particular area.
- Go where there is better pool for talent – Let’s face it. Businesses often fail because of working with the wrong people, and it is difficult for business owners to relocate the right people, so it’s more practical to move your business where there is a better pool of talented and efficient workforce. The major risk of moving to a new location is that the rent or real estate prices are significantly higher than your old city, so think twice about moving to a new city just because you want to hire the right people.