The three lines of defence principle is a long and well established concept that has been deployed in a variety of industries and situations.
In the insurance industry the three lines have consisted of the following:
The business the day-day running of the operation and the front-office
Risk and compliance the continual monitoring of the business
Audit the periodic checking of risk and compliance.
In part this approach is the solid foundation upon which firms can protect themselves against a range of potential risks, both internal and external, and to a degree it is an approach that is forced upon them through regulators insistence on external audits as well as on an embedded risk management capability.
As reliable and well proven as the three lines of defence concept is throughout the insurance industry, it is in need of an update. In todays market there is a far greater number of risks and regulations and an ever-increasing level of complexity in business. Simply being sure that every major risk is in hand is a difficult task.
It is not so much the concept of the three lines of defence that needs to be overhauled but the way that these three lines communicate with each other and the relationship between them.
The complexity of todays market affects the risk and compliance function more than any other. In the majority of organisations management of the various different forms of risk operational risk, compliance risk, legal risk, IT risk are all carried out by different teams, creating a pattern of risk silos. This situation leads to a number of negative consequences. The first of these concerns efficiency.
These risk silos each gather their information by asking the business to provide various information relating to their daily tasks and any potential risks associated with them. Because of the silo structure, the business will find itself being asked for this same information on a multiple of occasions. This not only leads to inefficiency due to the duplication of effort, it can also lead to frustration from front office staff and subsequent disinclination to engage with risk management.
Such is this level of frustration that, according to one insurer which recently appointed a new chief executive, when the new head asked his staff what single change would make their life easier he was told to do something about the endless questionnaires and check sheets that they have to fill out to satisfy risk managers and compliance officers.
While frustration among staff is never a positive development, any companys risk management programme depends on getting buy-in from the staff so anything that threatens the success of this programme has to be addressed.
Perhaps more importantly there is also an inconsistency due to the different ways this same information will be interpreted by different risk teams. This disparate relationship between risk teams can also lead to a lack of recognition over potential correlations between various risks. For example, the recent sub-prime crisis that has affected so many banks may have been avoided if there had been more co-ordination and communication between the credit department and those selling mortgages to people with bad credit.
Similarly the 6.4 billion loss at Socit Gnrale was the result of several risk oversights, combining a lack of controls on individual traders as well as a failure to implement various checks on the trading systems themselves. There was also a negligence of market risk factors with risk management not highlighting a number of transactions having no clear purpose or economic value.
Major risk events rarely result from one risk and most commonly involve a number of potential exposures all combining. Consequently insurers need to be more joined up in their risk management and more consistent in the way that risk is reported across the organisation.
For those individuals charged with the responsibility for enterprise-wide risk management, their task is made harder by the inconsistent formats that they receive their risk information. For example, interest rate risk may be reported as a single Value at Risk number, whereas regulatory compliance or operational risk may be expressed through a traffic light format. How is a chief risk officer, or indeed a CEO, expected to rank such disparately expressed exposures?
What organisations are now looking to do is to gather all of the various risk information in a consistent format for their chief risk officers to work from. So having a common framework for this process is crucial.
There are various initiatives in the insurance industry ICAS, Solvency II and, often, the Basel Accord all of which have contributed to the growth of risk and compliance teams. The chief requirement for all of these regulations is capital adequacy, meaning that insurers have to set aside a calculated reserve of capital to cover a number of potential risk scenarios.
However, regulators will say that they are not simply looking for firms to fulfil their most basic regulatory requirement and to set aside a defined sum of money to cover a list of risk scenarios. Instead they are looking for firms to concentrate on the methodology used to arrive at these numbers, and on ensuring that the risk management process is thoroughly embedded throughout the organisation and scenario analyses bring together risk information from all of the various risk silos.
Scenario analysis is one approach that firms are using to meet their regulatory requirements but effective scenario analysis is very much based on the ability to collate and correlate risk information from all over the organisation.
For the internal audit teams, their primary concern is to be more effective and to ensure that they are not simply repeating the work of the risk and compliance teams and are adding value by rigorously testing this work. Such a task requires access to this information and, ideally, to be using the same common framework as the risk and compliance teams so that information can be seen in the correct context.
We are seeing much greater independence and objectivity in the internal audit role, says Simon Rogerson, head of internal audit at Zurich Financial. In an increasing number of organisations the internal audit function is no longer confined to existing within a corner the finance department and has more direct communication with senior management.
The Role of Technology:
According to Rogerson, the use of technology to facilitate the evolution of the three lines of defence is a new development in the insurance industry. Because it has been hard to clarify the different lines of defence and their relationships, it has been difficult to build a business case for a new system and to build the necessary workflow around these different roles.
The situation is exacerbated by the presence of separate legacy systems in the business, risk and audit departments. Everyone is aware of the weaknesses in their own systems but this knowledge does not always translate across the three lines of defence. This leaves most insurers with two choices. The first is to go back to the start and design a new all-encompassing system from scratch. The second choice is a system that supports common processes and reporting while allowing each function to continue using specialist solutions that suit their own needs.
I think the successful firms will be those that recognise there are different functionalities in these different spaces but they are all able to communicate with each other in a common language and through common systems, says Rogerson. Observations can be shared and specific risk issues can then be discussed through an email exchange and summary reports can be automatically sent out to managers.
For internal auditors a lot of their work is manually-based, says Rogerson. But technology would enable us to do these things quicker and more accurately. The system would also enable us to make certain risk issues generic so that where a risk is identified in one office or department we can then alert all the relevant risk managers in other departments and offices to see if this risk has been recognised and if there are processes in place to manage this risk. By automating this identification of risk, it enables insurers to take a smarter, more efficient and more global approach to the internal audit function.
For risk managers it is about simplifying the process. They have a limited set of resources and want to make as much use of them as possible. In order to achieve this, it often means involving the business in carrying out much of the risk process controlled risk assessments through recording any losses or the breaches where these losses occur. By conscripting the services of their business colleagues, risk managers are able to concentrate on the value-added side of their work and their role.
There are also some wider benefits to the organisation from such a system and the principle behind it. The more that front-office staff is exposed to the mechanics of the risk management process, rather than being repeatedly petitioned for the same information from multiple parties, the more they are aware of its importance and their role in it.
Decades ago, total quality management was a fashionable concept in many organisations. The frailty of this concept was that in having a dedicated management team in this area, the rest of the business could assume that quality was no longer their problem but someone elses. This same misconception could be applied to risk and compliance, unless the business is kept well-informed of the risk management process and their own role within this process. Therefore it is important to make everyone realise that risk is their problem too.
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Retail sector is blooming and turning complicated as well. A retail business has many types of data which needs to arranged and represented in the manner that decisions can be taken accurately. Journals, ledgers, cash flow statements, profit and loss tracking, and many other books of accounts are maintained by retailers and retail dashboards represent all data in a simple manner so that the executives and top management can easily take timely decisions. Latest retail dashboards are technology-driven and provide a clear operational focus about performance of retail business.
POS analysis help in identifying the best performers by showing sales trends for each region. It reduces costs, increases profits and motivates staff as well. It gives a snapshot of KPIs (Key Performance Indicators) and guides the executives in making crucial decisions about the company. Retail software providers bring essential information and data about a companys performance in a report format. Charts, tables, gauges, and maps are used in a single report, providing all the critical details so that decisions can be taken quickly. All the data represented can be drill down to any level including its source.
Retail software providers offer a competitive edge to every manufacturer and retailer from small to midsized to large companies over their competing firms. Managing a retail business has never been an easy task and with the increase in its size and operations, complexities of managing data also increase. Selection of right dashboard and right data access can make a significant difference in profits of a firm.
eSENSE Retail is an eminent retail software providers and has been helping various small and large firms in their retail data management from many years. The eSENSE Retail solution is aimed at increasing profits, reducing costs and improving efficiencies across the entire organization. They provide retailers and manufacturers powerful online dashboards which leverage 852 EDI which help them to forecast and manage trends. High level executives will clearly identify areas which require action and the ones which require follow up for sustainable profit growth. For more details, please browse through www.esenseretail.com.
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The Human Resource department is the one that is usually responsible for creating and managing the system that handles performance management. This is actually a process that deals with the manner in which the Performance Appraisals are written and then distributed.
The appraisals are the assessments of the employees contributions with regards to the employer in question. Basically, the appraisals are normally written on a quarterly basis with the 4th one being where all the issues raised are addressed. Bonuses are then issued to the most outstanding characters. This then means that performance management is an on-going process that occurs in every company. In order for a company to have a relatively effective system then it is mandatory for them to create a strategy that will improve how the information is collected and written.
The entire procedure is quite moderately challenging. The first thing that you will be required to do is to review the mission, values and goals of your organization. These are the aspects that usually propel the company into achieving the desired results. The next thing to do is to analyze the employees in terms of the overall duties that they perform and their respective job descriptions.
There should be goals to be met by every employee and a review needs to be conducted at the end of each period. Performance must be discussed by the managers & employees and this is why meetings need to be scheduled so that every detail can be made clearer. In most companies, great appraisals are usually compensated in one way or another because this is a great way of motivating the employees to work even harder towards the goal.
New goals for the successive year(s) should be established as early as possible. The new goals are normally added to the existing ones since this is an on-going process. Comparison of the management style that is in place in your organization to other similar ones in the niche should be done as this gives you the much needed information when it comes to processing of the documents.
All in all, it is significant to understand that one company differs from the next and implementation of the appraisal needs to be done accordingly. This means that the culture and strategy of the organization must be taken into consideration when the documents are being created. You will without doubt end up with the best document.
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Is the Apiary Trade Development Program That Important?
Well, it should not be lost on you that the financial markets are quite volatile and the competition out there is simply cut-throat. Investing and making good earnings is an art by itself in that you will require hours of practice and mastering the art of taking well calculated risks. Be that as it may, going through the Apiary Trade Development Program is a tested and proven way of becoming a successful money manager not only with the Apiary Fund, but in any forex market worldwide.
Are There Any Costs Involved?
Think about it, ever heard of any investment program that takes you through a money management course and does not require you to deposit even a single cent into your trade fund? To go through the Apiary Trade Development training and internship program, you are required to part with $997. This covers for all the audio, visual course content as well as the trading software for practical lessons. The $97 is meant to cater for a technology/desk fee which covers all the real-time data, software licensing, and website and live streaming discussion access.
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The cash flow from the CMO collateral may be allocated in a variety of ways. Usually, it is first allocated to meet the interest obligations on all tranches in the offering. Principal repayments, both scheduled and prepaid, are then distributed to the different classes of bondholders according to a predetermined priority schedule which is outlined in the prospectus or offering circular. The trance receiving principal repayment is referred to as active or currently paying. In more complex structures, more than one tranche can be paying principal at a time.
Each CMO tranche has an estimated first payment date, on which investors can expect to begin receiving principal payments, and an estimated last principal payment (or maturity) date, on which they can expect their final dollar of principal to be returned. The period before principal payments begin in the tranche, when investors receive interest-only payments, is known as the lockout period. The period during which principal repayments are expected to occur is called the window. Both first and last principal payment dates are estimates based on prepayment assumptions and can vary according to actual prepayments made on the underlying mortgage loans.
THE VARIOUS TYPE OF CMOS
The most basic CMO structure has tranches that pay in a strict sequence. Each tranche receives regular interest payments, but the principal payments received are made to the first tranche alone, until it is completely retired. Once the first tranche is retired, principal payments are applied to the second tranche until it is fully retired, and the process continues until the last tranche is retired. The first tranche of the offering may have an average life of 23 years, the second tranche 5-7 years the third tranche 10-12 years and so forth. This type of CMO is known as a sequential pay, clean or plain vanilla offering. The CMO structure allows the issuer to meet different maturity requirements and to distribute the impact of prepayment variability among tranches in a deliberate and sometimes uneven manner. This flexibility has led increasingly varied and complex CMO structures. CMOs may have 50 or more tranches, each with unique characteristics than may be interdependent with other tranches in the offering. The types of CMO tranches include:
Planned Amortization Class (PAC) Tranches
PAC tranches use a mechanism similar to a sinking fund to establish a fixed principal payment schedule that directs cash flow irregularities caused by faster or slower-than-expected prepayments away from the PAC tranche and toward another companion or support tranche. With a PAC tranche, the yield, average life and lockout are more likely to remain stable over the life of the security.
PAC payment schedules are protected by priorities which assure that PAC payments are met first out of principal payments from the underlying mortgage loans. Principal payments in excess of the scheduled payments are derived to no-PAC tranches in the CMO structure called companion or support tranches because they support the PAC schedules. In other words, at least two bond tranches are active at the same time, a PAC and a companion tranche. When prepayments are minimal, the PAC payments are met first and the companion may have to wait. When prepayments are heavy, the PAC pays only the scheduled amount, and the companion class absorbs the excess. Type I PAC tranches maintain their schedules over the widest range of actual prepayment speeds – say, from 100 PSA. Type II and Type III PAC tranches can also be created with lower priority for principal payments from the underlying loans than the primary or Type I tranches. They function as support tranches to higher-priority PAC tranches and maintain their schedules under increasingly narrower ranges of prepayments.
PAC tranches are now the most common type of CMO tranche, constituting over 50% of the new-issue market. Because they offer a high degree of investor cash-flow certainty, PAC tranches are usually offered at lower yields.
Targeted Amortization Class (TAC)
TAC tranches also provide more cash-flow certainty and a fixed principal payment schedule, based on a mechanism similar to a sinking fund, but this certainty applies at only one prepayment rate rather than a range. If prepayments are higher or lower than the defined rate, TAC bondholders may receive more or less principal than the scheduled payment. TAC tranches’ actual performance depends on their priority in the CMO structure and whether or not PAC tranches are also present. If PACs are also present, the TAC tranche will have less cash-flow certainty. If no PACs are present, the TAC provides the investor with some protection against accelerated prepayment speeds and early return of principal. The yields on TAC bonds are typically higher than yields on PAC tranches but lower than yields on companion tranches.
Companion Tranches (CT)
Every CMO that has a PAC or TAC tranches in it will also have companion tranches (also referred to as support bonds), which absorb the prepayment variability that is removed from the PAC and TAC tranches. Once the principal is paid to the active PAC and TAC tranches according to the schedule, the remaining excess or shortfall is reflected in payments to the active companion tranche. The average life of a companion tranche may vary widely, increasing when interest rates rise and decreasing when interest rates fall. To compensate for this variability, companion tranches offer the potential for higher expected yields when prepayments remain close to the rate assumed at purchase.
Similar to Type II and Type III PACs, TAC tranches can serve as companion tranches for PAC tranches. These lower-priority PAC and TAC tranches will in turn companion tranches further down in the principal payment priority. Companion tranche are often offered for sale to retail investors who want higher income and are willing to take more risk of having their principal returned sooner or later than expected.
Z-Tranches (also known as Accretion Bonds or Accrual Bonds)
Z-tranches are structured so that they pay no interest until the lockout period ends and they begin to pay principal. Instead, a Z-tranche is credited Accrued interest and the face amount of the bond is increased at the stated coupon rate on each payment date. During the accrual period the principal amount outstanding increases at a compounded rate and the investor does not face the risk of reinvesting at lower rates if market yields decline.
Typical Z-tranches are structured as the last tranche in a series of sequential or PAC and companion tranches and have average lives of 18-22 years. However, Z-tranches can be structured with intermediate-term average lives as well. After the earlier bonds in the series have been retired, the Z-tranche holders start receiving cash payments that include both principal and interest.
While the presence of a Z-tranche can stabilize the cash-flow in other tranches, the market value of Z-tranches can fluctuate widely, and their average lives depend on other aspects of the offering. Because the interest on these securities is taxable when it is credited, even though the investor receives no interest payment, Z-tranches are often suggested as investments for tax-deferred retirement accounts.
First offered in 1986, ‘floating-rate CMO” tranches carry interest rates that are tied in a fixed relationship to an interest rate index, such as the London Interbank Offered Rate (LIBOR), the Constant Maturity Treasury (CMT) or the Cost of Funds Index (COFI), subject to an “upper limit, or cap,” and sometimes to a lower limit, referred to as a “floor”. The performance of these investments also depends on the way interest rate movements affect prepayment rates and average lives.
For the above reasons described, CMOs are considered by a select few platforms to be an asset that is easy to validate and prove ownership. In addition, the trading platform is able to be added as the CMOs Beneficiary allowing for the appropriate financing to be obtained. The result is a CMO asset that can be purchased for pennies on the dollar with nominal returns and subsequently placed and traded successfully in a Private Trading Program with yields the owner once only dreamed of.
Commodity Bhavishya provide commodity advice and tips on MCX, NCDEX Tips, Nifty FUT services, legs inventory of gold and silver tips, data processing and research analysts based by expert technique. We are an agent for investors, traders or investment, on average, frequently asked questions (FAQ) offers a variety of diversification. Quality Analysts to offer our customers suggestions and provide more than 90% accuracy. I recommend investing in futures trading products. Their experiences and develop guidelines Monitors fund. Open the wealth and the wealth of rich fabric trade super tips. Existing market research specialists, we will analyze and generate business to increase potential sales. Silver and gold, shares of the investment portfolio that talent, a great reason to invest in gold and silver. you excessive levels of safety and benefits can be added to its portfolio of investments in precious metals, but must be time to find the right investment for your needs. China and India are buying gold now, everyone in the world. Almost creates a kind of global gold rush. If you invest now, it is easy to see better performance because fever more to buy gold in the future without the risk of investing too much. Learn how the price of gold and silver. Oz price of spot gold price and silver expressed. Trading on the London market or New York. Its changing very rapidly and can be used in real time, such as websites or any website that the prices of raw materials. It changes very quickly and is available real-time from websites like Kitco.com or from any website that shows commodity prices. In bull markets, materials, purchasing silver for investment in gold has a higher percentage profit than gold because silver bullion markets bull. In summary, the increase in silver coins of silver in the market becoming a larger share of the profits than gold. Silver selling point for investors is undoubtedly a large and growing industrial demand for silver for silver; the Commission is often preferred over the coming years. Silver and gold could be sold to anyone. Dealers usually do not work to control the high licensing requirements. Therefore, it is “buyer beware” completely. There the price of gold coins and standardized. This shows that it might not uncommon for inexperienced investors to overpay. It is your responsibility to ensure that the competitive cost. ===================================================================================== Rihana is an Investment Advisor for commodity tips, Nifty fut services, stock fut services, MCX tips, NCDEX tips and Gold and silver tips from expert analysts based on technical processed data and research.
It seems like whenever companies offer a fantastic deal there’s an extra cost hidden somewhere. When dealing in precious metals, investors have every right to be even more cautious. The good news is that finding a transparent dealer is now possible. Regal Assets gold IRA fees are listed in straightforward fashion and the costs associated with storage or rollovers are also available for viewing. This level of openness is surprisingly hard to find. Don’t hesitate to find out more.
Anger is something that many people deal with on a daily basis. But there is a difference between simply being angry on occasion and those individuals whose anger is threatening to consume their lives. Anger is perfectly natural and is a natural response to some situations.
But if you find yourself growing impatient and angry on a daily basis you need to get some help. Do not let it take over your life and make bad decisions for you. Anger can lead to very real problems both with you and your family or friends.
Even strangers are greatly impacted by your inability to control your anger. You have to take that first step and in this article you can learn some of the ways that anger affects both you and your loved ones.
How does anger affect me emotionally and mentally?
Anger may not seem to be affecting you on an emotional and mental level at first but over time it can begin wearing down your mental well-being. Little things can begin to bother you that may not have bothered you before.
You can begin to find that your concentration begins to suffer and that your mood swings are more dramatic. This mental and emotional toll will begin to impact your physical health.
Does anger affect my relationships with my family?
No one likes to be yelled at and have someone be angry with them. Someone in the grips of an angry outburst can do or say anything. Many abusive relationships have come from individuals who could not control their tempers and so began taking it out on other people.
This can damage self-esteem and erode the foundation of trust that is essential to all relationships. Unfortunately there are some people with anger problems that use more than words to take out their problems onto other people. Physical violence accomplishes absolutely nothing.
How does anger affect teenagers?
Anger and teenagers can seem to go hand in hand. Adults naturally expect teens to have some sort of anger problem due to their hormones but that is not always the case. Teenagers are under a lot of stress due to their changing roles in this world.
They are no longer children and given the same leeway and they are not adults with adult freedoms. It can be stress from work, school and personal relationships that manifest itself in anger issues that cause their home life and relationships to suffer as well as their physical and mental health.
How do I seek treatment for myself?
The first step is identifying that you have a problem with your temper and that you want to seek out help. Once you have taken this important step the next steps will seem mild in comparison. You will need to seek the help of a counselor or therapist that specializes in anger management issues.
You will need a support network of people close to you that can help you in times where you feel anger coming on again. Your close family members and friends will also need someone they can talk with if your anger problem has affected their lives. The best advice is to call a local mental health clinic and get a referral to a specialist.
Visit Mike Selvon portal for more information on anger management, and leave a comment at our anger management help blog. Don’t forget to claim your FREE gift.
Sales managing is a long-standing challenge and the issues around sales management process are largely given a go by.
Most organizations faces numerous diverse challenges, concerns and issues with low or declining orders from their sales teams look for quick fix solutions by putting sales people through a rigorous sales training program which more often than not is structured around face to face selling skills.
Today’s the businesses need to realize that how technology and sales intelligence can be applied to improve sales revenue. With the cloud computing technology, your organization’s efficiency increases effectively to get a big boost by and gives a well-entrenched sales management process which will add to the profitability of the organization.
If you’re not managing your sales and customer relationships effectively, then LeadNXT is one of the leading cloud computing service provider and enable effective lead generation & management and tracking of new sales opportunities. Offers Sales Management Software and Sales Lead Tracking Service to help you take care of your sales management process and make it easy to manage your sales team and grow your business by helping and also take you to the new levels of success and improve your levels of client retention as well.
The Sales Management Software is a web based, automated approach, which is easy to implement and use and help businesses get control of all the customer information, manage sales from lead to close and puts more structure into the sales process so sales people can get more done, it is customizable for your business. Control all the sales initiatives aimed to achieve the profit objective and improve sales efficiency. It is designed to boost your teams sales productivity and sell more effectively by giving the core sales tools you need to grow your business and intelligently manage sales leads. It brings all sales lead sources together in a single database.
The Sales Management Software and Sales Lead Tracking are the two important elements for a sales team to manage all facets of sales management from lead and customers and drive profitable revenue growth by aligning your sales strategy with customer needs and business objectives. Makes it easy for the sales team to track the all the sales lead. They together simplifies the lead management process and helps you integrate your entire sales team and control all work flow within your sales department and helps them with the right solutions, channels and resources to differentiate and win against the competition.
Helps you increase operational efficiency to measure, track and manage them for constant improvement and lower selling costs by integrating sales processes across the enterprise and extending your sales reach through partners.
You don’t need a lot of money to start investing in penny shares in 2014 – but they could make you a potential fortune in less than 12 months…
Penny stock is the only stock class with the power to double your investment, virtually overnight. You don’t need to pile tens of thousands into big, expensive stocks like Apple or Exxon to make serious money investing. Many investors who have been successfully investing for over 30 years, say they would not touch lumbering blue-chips with a barge pole. As they believe the best, and most rewarding, way to make money investing is with “penny stocks… ”
What makes penny stocks different from other “normal” stocks is that they’re cheap. Dirt cheap. Shares can go for as little as half a penny to a few pounds. So even small (or first time) investors can afford to play the market. And don’t worry if you’ve never bought a stock before, it’s as simple as checking your email (or making a quick phone call). Anyone can do it.
Rarely featured in the press and “off limits” to most investors, because the big fund managers can’t trade them…
Better still, these stocks can deliver truly explosive gains. In fact, they’re potentially the most profitable stocks on the US and UK market.
With a big “blue chip” stock it can take years for a $50 share to turn into $100. But with a penny stock, a 20 cent share can become 40 cent overnight. After all, the share price only has to go up by 20 cents!
So with penny stocks you could potentially double your money at lightning speed.
Proven to Outperform Bigger Stocks
The little Known Story of a Penny Stock Billionaire…
In 1939 a young trader called John Templeton bought 100 shares of every company trading under $1 per share. Four years later he had multiplied his money many times over – even though some of the companies he invested in went bankrupt. This is the profitability of penny stocks.
John retired a billionaire, and lived out the rest of his days in the sunny, carefree Bahamas. And renowned investment researcher Roger Ibbotson points out that – “[penny stocks] have outperformed large-cap stocks… over the last 80 years.” Eighty years.
As you can see, penny shares have trounced blue-chips for well over half a century. But most investors have no idea of the colossal power of penny shares. It’s somewhat of an industry secret, one I’m letting you in on today.
This chart is a reminder of why I love small caps so much. They have consistently beaten the UK market since 1955.
So you see, when it comes to share dealing, I believe there’s only ONE way to make serious money. I’m not saying that you’re guaranteed anything. I’m saying you have a chance – a genuine chance – of making some real money.
So why Isn’t Everyone Doing This?
If penny traits are so great, you’d expect everyone to harness their amazing profit building potential and get rich. But that’s not the case at all. You see penny stocks are so small; the “big boys” in the City can’t trade them.
This is because big investment firms can buy up millions of shares at a time… but if the company they buy into is a penny trait, the share price flies through the roof with a big order.
Penny shares have outperformed blue-chips, every single year, for the past 57 years
This immediately cuts into their potential profits, so penny investments just aren’t a sensible way to play the market, when you’re a City fat cat. However they’re great for the little guy and first time investors.
Why you won’t find these tips in the mainstream media
Because the City ignores them, the mainstream media does too. This is why most people don’t know about penny stocks, or just don’t trust them. Because they don’t get the same media attention big blue chip stocks like Pfizer and Barclays do.
But just because penny traits aren’t mentioned on the news or some bobble head’s TV show, doesn’t mean there’s anything wrong with them. In fact it’s better this way…
If you’re willing to invest some spare cash you aren’t depending on in penny shares, I really believe you’ll be better positioned to profit. Of course, penny shares are riskier than investing big name companies. But with bigger risks comes the chance of much bigger rewards…
So if you have the right set of facility management tools, what can you make happen in your operations? That is what many property managers wonder. They need ways to keep their operations running, but on less money each year. Tracking what happens is one way to make that happen. A facility management software package can give you the tools you need. It allows tracking of everyday operations as well as special projects. You can integrate emergency preparedness as well as reporting.
Here are some things you can do easily with the right facility management tools.
1.Better operations and maintenance When your facility begins to track the assets and work done in a facility, it will lead to better management practices. You can track which customers made which requests. You can then link those service requests with work orders. The work orders track to the crew. The crew can then resolve the work order. You know how much time was spent on what part of the facility.
2.Project Management Sometimes a simple work order is not going to complete a task. There may be many tasks involved with resolving an issue. You need basic project management available in your facility management tools. This allows you to create a time line and track the work orders and time spent on it.
3.Documenting processes and procedures When you are running a facility, there is more to it than making repairs on occasion. You are running a complex that involves many systems. You likely have staff or contractors that you deal with as well. You need processes and procedures documented for those staff members or contractors coming in.
4.Emergency preparedness Every large facility needs a thoroughly documented emergency preparedness plan. That means documenting how the facility should react in case of fire or natural disaster. The documentation needs to include who is in charge of each area.
5.Asset management Good facility management tools include the ability to track ever asset found in a building. It should include the building, floor, and section that asset is supposed to be. It also tracks things like valuation and documentation.
6.Reporting A good facility manager needs to keep on top of things. In order to do this, there are essential reports that he needs to see. Among the best facility management tools is a set of reports that the manager can get when needed. That will provide the information and baseline.
One of the more worthwhile positions on earth could well be to buy commercial land for sale then to develop a set of outlets on it and afterwards put them to let to firms that want to launch or perhaps get a profile in the community. This type of investment is what is referred to as a “win-win” scenario, for it is certainly one where all concerned gain. As an example, the individual offering the actual land profits, and so does the individual who obtained that acreage, developed the particular local rental stores and put all of them to let and after this obtains the rent monies. The store proprietors get benefits, because they will have a nice space out of which to perform their small business. Ultimately, the community exactly where the merchants happen to be is certainly enriched by its completely new procuring possibilities. All people benefits!
One other collection of people, the actual rental estate agents, are often observed providing a crucial part with this success situation, and helping it in a potent way. Nearly all real-estate investors really are very busy folks that are possibly investing in real estate on the side or even who are invariably rather busy seeking to obtain their own future big deal, or both! Lease properties agents step into this situation by using that operation involving working with the tenants, collecting their rents along with seeing to the actual necessities with the building, which will eases the developer’s time.
Making an investment is an extremely important decision, not just for business houses but also for individuals. It is crucial that investors consider a few things before they make their investment decision for certain. Market factors are very important and they should be given prime consideration, as they define the future of your investments.
As the global markets are still recovering from the hard-hitting subprime crisis of 2008, taking market factors into consideration have never been so important ever before. It is also necessary that investors consider their long-term goals and not just short-term interests before making an investment. This helps with avoiding a bad or rash investment decision. Let us have a look at some of the important points that demand consideration at the time of an investment:
1. Having an emergency repository of funds: It is a given that all investors must compulsorily have an emergency fund of sorts to help them cope with future exigencies, such as sudden falls in the market, unemployment, and so on. This emergency fund can be built using a portion of the monthly salary over a considerable period of time or alternatively, channeling a large part of the same towards building the fund over a lesser period of time. This would depend on personal choices and financial ability, etc.
2. Assessing ones financial position: Before entering the world of investing, it is extremely important that potential investors take time and conduct an assessment of their financial position. This step is mainly to help potential investors understand their financial risk-taking capacity and also their plan-goal compatibility, while taking the market conditions into consideration.
3. Pre-caution from fraud: Given that the markets are still only just recovering, it is not rare to find fraudulent practitioners in the world of finance and investment. Therefore, it is always advisable to be on the alert for fraud. One way to avoid entering into deals with fraudulent companies is by investigating their authenticity through research, and also checking with friends and family who are also aware of and are engaged in investment.
4. Types of assets and spreading investment risk: Out of stocks, bonds and cash, seldom does one see the simultaneous rise of all three types of assets at the same time. Therefore, it is best if the investor spreads his or her risk and decides to invest in more than one type. That way, in the event that the value of your investment in one type falls, the investment in the other is still available to compensate or fall back on.
Looking for some facts and ‘ real world ‘ information on working capital for financing purposes in Canada? Business cash flow is at the center of your firms day to day operations, here’s some great ideas for Canadian financing; let’s unlock some of those secrets your competitors are using… and give you some vital insights into business financing success.
You may or may not be in a liquidity crisis – we’re pretty sure though that you would prefer to avoid one! Naturally that sort of ‘ crisis’ or just plain challenge revolves around how you have chosen to finance your firm from an operational point of view. So yes, it’s all about (unfortunately) ratios and balance sheet structures, which you in many cases have chosen not to deal with. So let’s determine how you can get some cash flow predictability into your business.
So how do you go about addressing business cash flow? It’s more simple than you thing, you have to accelerate business receivables, control your cash outflows, and address those balance sheet issues we referenced above. It absolutely does not mean you have to take on additional debt, if in fact that is even possible in some cases. There are numerous ways to monetize your balance sheet. We have always gotten somewhat of a ‘kick ‘ out of the standard metric that banks and other financial lending institutions use to measure your business ‘ cash flow ‘.
The reality is that there are tens of different meanings and interpretations to cash flow (don’t panic, we’re not going to cover them off today!) but the one 99% of people gravitate to is the ‘ current ratio ‘. It’s the simple calc that takes your current assets over current liabilities and gives you a ratio (we call them relationships). We’re told bigger is better in this calc, and that a 2:1 final number is preferred.
But… guess what? If your inventories aren’t moving and receivables are slow to collect and perhaps even over 90 days is that number relevant anymore. The most effective way to measure cash flow is really ‘ operating cash flow ‘ – it tracks business cash based on the changes in working capital accounts. For example, if your sales are going up and receivable levels went down then you are generating that positive operating cash flow we just spoke of.
We can assure you we have learned by now that clients don’t visit us looking for classroom lectures on ratios, and debates on what measurements lenders use or don’t use ineffectively. What they do want is ways to liquidate or monetize those current assets.
In Canada you have numerous alternatives to working capital financing. These include traditional bank lines, receivable financing, asset based lines of credit that are non bank in nature, and the monetization of any tax credits such as a SRED credit. (Yes, Sred credits can be cash flowed today!).
So is there a bottom line..?? if there is it’s simply that you can improve your working capital yourself by accelerating A/R and inventory turn overs, creating a sale leaseback on assets owned, or, even consider a permanent working capital injection via a term loan.
Or, as we have stated, consider re monetizing your balance sheet today in the 4 methods we’ve noted above. Want assistance in whats right for your firm? Speak to an expert Canadian business financing advisor who is experienced, trustworthy and credible. Don’t underestimate the need to address these issues today.
At the heart of each and every professional building expenditure deal are two primary people: the particular investor as well as the well-established commercial property agent. Whenever the two of these people have made a functional association, every person realizes benefits, specifically in those valuable cases as when the particular partnership gets to be a enduring one. No-one has their own attention on the pulse rate with the market better than this premises realtor does, so when they really are aware of the type of premises the speculator desires to purchase, may it be a retail store local rental spot, an inn or maybe an abandoned chapel … they’re in the fantastic placement to get suitable real estate buying opportunities to that investor’s interest and in addition, to help them evaluate virtually any prospective risks that happen to be concerned.
Can a real estate investor discover additional brokers, newer kinds, possibly, famished to get a foot within that profession and therefore supplying the cheapest estate agent fees? No doubt. Nonetheless the saying about obtaining what you spend on is as accurate when it comes to real estate as things are somewhere else, and with a great deal of at risk, the opportunist is definitely better off to happily pay the agent’s fees making their funds on the actual deal! In fact, that’s what makes a good business friendship – a state of affairs in which everyone profits!
Anger differs from other emotions in that it has a debilitating effect on our kid’s health. When angry, his little body displays physiological changes like sweating, picking up a faster heart beat and also a raise in temperature. When your child’s body is not in good physical condition, anger is likely to burden his heart and drive up his blood pressure. And just like anger management for adults teach that people with heart diseases should not get angry, the same is true for anger management for kids.
For anger management kids ruling anger is difficult. A fact is that many of the younger kids still do not even know all together what their emotions. This means that in their case, making anger management tools work would call for a lot of discipline and training. You can look for strategies and methods to help him to contain his anger, but key is finding the strategies that he is comfortable with.
If you estimate your child can control his anger by himself, without the assistance of anger management professionals, then you can go ahead and teach him anger management kids techniques. You want him to practice that when he starts to get angry, he takes deep breaths. This is his first lesson. Deep breathing will slow down his raised heart rate and grab his attention from his anger, and put it someplace else.
Another effective method to use with a child is to get him to count until his heated anger is gone. When he does this exercise it is going to help him focus on things besides anger.
If his anger is uncontrollable and damaging his relationships, it is up to you to enroll him in more intense anger management for kids activities. It may be that he needs the skills of a professional to help him. For information purposes, the most qualified professionals to help with childhood anger is a psychiatrist. As a part of his instructions he will probably have your child undergo psychotherapy. This is will be done using activities that are interesting to children. As a last resort, if there are prescription drugs or medicines that can help child, he will alert you to this. But be careful, prescription drugs are sometimes addictive. The therapist would look at your child psychiatrically and try to unwind the reasons why your child is angry and help him to confront the issues.
Along with psychotherapy, adults can also use hypnotherapy to regulate their anger. However in anger management for kids hypnotherapy is something for you to try to avoid. Hypnotherapy will cost less than than psychotherapy, but the potential dangers are higher. It could turn out to be a dangerous thing for him. In my opinion even for adults bothering with the subconscious mind in hypnotherapy is always a dangerous thing that should not be bothered with.
For children, controlling anger is critical. If he does not learn to do it he will grow into a social deviant. If not repaired with anger management for kids, you can expect that as his body gets stronger, so will his emotional reactions to the things that bother him.
As for you though, if you want your child to be expressing his anger properly in less than 48 hours, go to http://www.the-anger-management-store.com, I have more free videos there that tell you more about it.
Maintaining a steady cash flow is the pulse of every business, large or small. When bills are due, it can be very overwhelming and stressful to realize that funds are limited. This is often the result of easily correctable mistakes like poor organization or an irregular billing system, for example. There are some incredibly simple ways to improve business cash flow and ensure a sense of stability and a brighter future for your business.
Billing clients and customers quickly and accurately will greatly improve the business’s readily available funds. Do not wait until contract completion or due dates to send out invoices or let them get pushed aside to be dealt with whenever you get around to it. Set a firm, consistent billing system in place and stick with it. A friendly reminder phone call a week or so after billing to make sure it was received and that there are no errors or questions will help you collect timely payments and keep cash flow moving steadily.
Implementing incentives provides encouragement for quick payment. For example, offering a discount of a percent or two off of the balance of the bill if paid off in the next ten days or so makes clients more likely to go ahead and pay. They save a little money, you get your money faster, and everyone is happy.
Actively working on and maintaining good customer relations is a way of keeping cash flow up that is often overlooked. It makes sense, though, if you think about it. Customers and clients are much more likely to keep up to date on their business transactions with you if they like you and the way that you run things than with a business owner they never hear from and/or do not particularly care for. This may also entail working with a customer during troublesome times and collecting only a partial payment. It may seem undesirable, but it is better than receiving no payment at all.
Inventory shrinkage is a good way to cut down on inventory costs as well as prevent the waste and loss of products. You may be offering fewer options than before, but as long as they are good options it probably will not be a big deal. Making sure that you are offering only products and services of sound quality will result in higher inventory efficiency and customer satisfaction, and less overall waste.
These are just a few of the numerous ways that you can improve your business’s cash flow. Look for places where your business could use a little more organization or prompt action and start there. Make use of the many resources out there offering constructive advice and you will see a radical improvement in your cash flow.
One of the more useful tools that projected-oriented businesses and individuals use is project management software. These software applications can be extremely helpful for keeping up with itineraries, scheduling team member meetings, and tracking project timelines. Most businesses typically start out using spreadsheets to document the above and then move on to an internet-based tool such as Google Documents. For those business owners and corporate executives that want a more comprehensive method of documentation, project management software is what you should consider using.
Do You Need Project Management Software?
Finding the right project management software application for your companys need may be a bit challenging as there are numerous versions available. Before you start comparing the different ones, ask yourself the following questions:
Is your company a project-based organization?
Are there more than 5 members on your project team?
Have you been using multiple spreadsheets for forecasting your projects along with tracking the costs, project status, and project invoicing?
If you answered yes to all of these questions then you definitely should consider investing in a centralized database and a management system that uses project management software.
What to Look for when Choosing a Project Management Software Application
No matter what type of business you have and your industry niche, project management software will help you to monitor and track your assignments, files, tasks, and time which in turn will enable you to meet your deadlines. The following suggestions will help you to select the right application for your business:
Count the number of individuals that are currently involved in the completion of your project(s) and if you need a time tracking feature.
Determine the number of projects you have running during the same time frame. This may be hard to calculate at first so be sure you are very thorough when researching this.
Figure out how much database storage space that you are going to need to hold your project communications, data, and reports.
Do your research and select the project management software that addresses and facilitates the needs of your business.
On a closing note, project management software not only addresses all of the issues above, it allows you to take of your most valuable resource your employees. Just is sure that when you are searching for the right software application that you find one that does more than what you actually need it to do.
Some people prefer these steps :
1. Separate strategy and emotion
Inside a down market, some investors panic and then try to protect their assets by moving money from a good investment. When the market rises again, they become hopeful and decide to place their money back to the original investment. In a nutshell, emotions can cause people to buy high and sell low, the total complete opposite of what you should be doing . In a down market it’s important to remain confident and not be relying on temporary performance. Remember, if you are investing inside a long term goal such as retirement, time is generally always on your side. So unless your goals change, it’s a good idea to create a strategy and stick to it.
2. Take full advantage of dollar cost averaging
By investing a set amount of money at regular intervals over a any period of time of time, you purchase more shares once the marketplace is low and fewer shares once the market is high. The benefit is that your average cost per share becomes less than the average selling price over time. Dollar cost averaging does not guarantee a profit or protect against loss inside a down market. It’s however, an easy and efficient way to overcome the emotion of investing.
3. It’s time in the market that counts
It is sometimes complicated to stay optimistic about your investment funds when your statement shows they have lost value. It might be tempting, in fact to reallocate funds into more stable options. When you are tempted to abandon your investment funds, consider this: While stocks can be a higher risk in the short term, the long run gains can prove to be quite substantial.
4. Keep a long-term perspective
Through the years, there has been many market downturns. Once the market begins to rise, the following year often produces significant returns. Nobody can predict when a down market can finish which means you shouldn’t jump to the stock market and wait for recovery. You need to however, maintain a diversified portfolio which includes stocks, bonds, and money market investments. The very best defense against a down market is a diversified portfolio.
For some reason, it seems rather difficult for most people to perform, but you don’t worry because there are more creative methods to do it.
Now, lets talk about Formula For Riches from Dr Hannes Dreyer and how it might assist you. I really hope this short Formula For Riches Review will assist you to differentiate whether Formula For Riches is Scam or a Real Deal.
Inside a down market it can be difficult to determine the best investment strategy for your portfolio. The volatility of market performance could make one nervous as you would expect that could lead to investment choices you may regret later on. It’s essential to put aside emotions when making any type of investment decision and particularly inside a down market. Here are four ways to ensure market turbulence more tolerable.
By applying the Formula For Riches investment strategy you will learn how to lower your risk and also at exactly the same time how to improve your growth on your investments.
Some recommendations that you should know :
– Have realistic expectations
– Don’t make hurried decisions
– Seek information prior to making any investment choice
– It’s important to take your time in developing your investment strategy inside a down market so you’re not second guessing your decisions later on.
Anyone who has started their own business or who has been running their business for years; will agree on one thing – managing time effectively is pivotal to success or making money sooner. It is as simple as that, it directly influences your results in business.
If you have just started, it goes without saying that you are most likely juggling several balls at once. Helping hands are few, so you are forced to do everything and be everything, the accountant, the marketer and the visionary, etc. You work like a ‘one man army’, it leaves you out of breath and often overwhelmed.
There are only a certain amount of hours a day and you need to optimize how you spend those hours, because time is certainly money. If you are able to chalk out a time management strategy, your productivity will increase tremendously and so will your results.
Developing time management skills and finding ways to really leverage your time, is often pushed down the list of our priorities due to pressing operational demands. If you don’t have time to create a strategy, here are 5 simple ways that you can improve your time management skills and your results.
1. Be specific about goals and how to achieve them
Always align your actions with your goals. This might sound obvious, but are you doing it? There are two parts to this tip… first you need to have clear goals that you are working towards; with deadlines. How much money do you want to make by a certain time for example.
Secondly, you need to be clear on what you should be doing every day that will lead to the achievement of your bigger goals. Don’t aimlessly take action based on what you ‘think you should’ be doing. Your goals and actions need to be connected; otherwise you will find that you work on tasks that give you a sense of accomplishment, but no real results. It all starts with creating your roadmap to success.
2. Organize yourself
Implement whatever type of system will work best for you, but you need to have some sort of structure to be organized. Getting organized is about having an organized mind, and a system which supports you to do things more effectively and efficiently. There are many time management tools that ironically, unless used properly, are actually counterproductive. So don’t be put off if what you have tried doesn’t work, it most likely doesn’t work because you have not been shown how to make it work.
3. Know where you need to improve
Nobody is perfect, while you are good at some things, you could be weak at some others. Of course we all have our blind spots, but the real question is, are you open to identifying them? There is no point in learning new time management skills, if you haven’t mastered the skills you have now. Identify your time thieves, what are you doing that is undermining your results? Be honest with yourself and focus on correcting one thing at a time. You know if you don’t manage your email well or if you procrastinate every day, now you need to do something about it.
4. Develop your awareness skills
Time management is not only related to planning, prioritizing, delegating, etc. In fact, most of your struggles to manage your time come from you, and how you are thinking. Developing awareness at times when you don’t feel like doing something, or when you fear something or resist something, will help you to manage your time better.
Why? Let’s say that you are procrastinating with certain tasks. You might be procrastinating because you aren’t actually motivated to do that task, or you aren’t actually clear on why you are doing it. Either way, unless you take time to become aware of the reasons you are behaving the way you are, you won’t be able to fix the root, the cause of the problem. Until you fix the root of the problem, you will continue to experience it and your business will suffer as a result.
5. Stay focused
Even if you have your sights set on your goals, you might find it difficult to stay focused. Just before you begin the task at hand, make it easier for yourself to stay focused. Remove distractions around you, prevent interruptions and commit to completing the task before starting something else. It is when we start and stop, when we change our focus or we give into other stimulus, that we really waste the most time. There are many ways in which you can boost your focus, go for it!
Starting a business isn’t easy, but well worth it. Don’t waste time doing things ineffectively, when the effort required to master your time, will support you in mastering your success. Often, it is not time that is lacking, but time management skills – Kirstin O’Donovan
To Your Success!
Kirstin O’Donovan is the founder of TopResultsCoaching and author of The Entrepreneur’s Guide to Time Management’. – http://www.topresultscoaching.com Kirstin is a Productivity coach, who specializes in helping individuals gain control over their time, feel more productive and get organized.
The role of HRM has been changed from last 10 years. So much development has taken place in the field of management with regards to HRM. The debates have been going on in order to properly understand the role of HR managers. The main issue which engaged academics in the 1980s was the evolution of HRM. In this regard, the debate was mainly on the exploration of the salient aspects of the alteration of personnel management into HRM. The debates started by mingling the industrial relation with HR then combine business strategies with the HR line managers and finally seeing HRM as a source of competitive benefit for organizations. The success of an organization is also depended on the HRM. With these developments the nature of Human Resource (HR) function has changed from being reactive, prescriptive, and administrative to being proactive, descriptive and executive (Boxall, 1994).
Strategic Human Resources Management (SHRM) is the purposeful resolution of Human Resource administration and policy issues so as to enhance a public agency’s effectiveness.
Human resources Management give birth to strategic human resource management. The need of SHRM is required to fill the gap which HRM alone cant fill it. SHRM enhances the role of manager more clearly and precisely. The factors which give birth to SHRM are:
1. Recognition that Human resources are critical. There are companies strategic planning to accomplish its goals and mission. Those mission and goals are important for managers and employees to achieve them and HRM department plays a very important role in accomplishing the companys target. The emergence of SHRM due to heightened concern for agency productivity and accountability means that better information systems are essential.
2. A shift from position management to work and employees. Due to political and economic factors the mind of the manager has sifted towards work management. It also because the employee wants flexibility in their workplace and should awarded and need appraisals from his managers. Personnel specialists have continued to demand flexibility and equitable reward allocation through such alterations to classification and pay systems as rank-in-person personnel systems, broad pay banding, and group performance assessment and reward systems (Shoop, 1991). This trend coincides with employee needs for utilization, development, and recognition.
3. More innovation: In the emerging business world, there is an intense competition between every organization. Without innovation no company can survive longer. To bring more improvement the manager should manage it workforce in a manner that it should provide new information and try to implement new things.
4. But long range effectiveness in cultivating innovation requires a reward system that reinforces risk-taking, and does not penalize failure — two characteristics that are often in short supply within the culture of most public agencies.
5. Asset development and cost control. The main function of the company is to reduce the cost of the labor and develop or hire such employees which can benefit the company in the long run. One reason for this increased professionalism and innovation among public personnel managers has been the need to develop and apply two apparently contradictory human resourse strategies: policies for “kleenex employees” designed to control costs, and policies for “asset employees” designed to ensure loyalty, participation and development.
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Within the state, the federal government insurer is simply by statute given quotes from cheaptexasautoinsurance.net exclusive jurisdiction to handle disputes about claims for compensation beneath the scheme. When a claim is denied, the insurer must substantiate that call and communicate its top reasons to the claimant written.67 Within Two months of this notification, the claimant may make application for a overview of the choice plus a review officer has authority to confirm, quash or amend the decision.68 There’s a further right of appeal of the decision of your review officer to a administrative tribunal. And don’t forget to visit Cheaptexasautoinsurance.net for low rates!
In those jurisdictions that do allow court actions from the insurer, commencement for these actions www.cheaptexasautoinsurance.net must occur before the expiry of- the statutory limitation period. Under the regulations in British Columbia, today extends for two years after (i) the date of the accident, or (ii) where benefits happen to be paid, the date the claimant received the past payment.70 Out of all other common-law provinces the time scale is measured from your date on which the main cause of action arose. The length of that period is two years in Manitoba,71 the Northwest Territories as well as the Yukon Territory,72 and something year in Alberta, Hawaii system is just like the dispute resolution mechanism underneath the New Zealand Accident Compensation Act 1982. The apparent conflict involved in having among the parties judge its cause generally seems to operate in the context of presidency insurance. The appeal authorities function autonomously and appear to find against the insurer as often for it. See G. Palmer, Compensation for Incapacity (1979). Learn more at the Texas Insurance website here!
The decision was relatively straight forward for me. The negatives of investment banking – long hours, repetitive work, lack of non-finance exit options – mattered more to me than the money.
I considered sales & trading (in fact, I spent a summer at CSFB in NY), and was tempted to continue in that line of work after graduation.
Instead of defining the characteristics of each industry (there are plenty of resources out there for that, including my Management Consulted blog), I will address a short list of differences between the two career paths.
Let me caveat by saying THESE ARE NOT YOUR ONLY OPTIONS. People get carried away into thinking thats all there is.
This is the primary superficial distinction. Thats not to imply that salaries aren’t important. Banking salaries average 50-100% higher than consulting salaries, with the gap increasing as your seniority increases. Consulting attempts to compensates with small perks – from better travel allowances to more generous retirement packages.
Consultants always like to say this:
I know investment bankers make more money. But from a cashflow perspective, its exactly the same!
This means that consultants and bankers make similar base salaries, but at the end of the year, bankers are awarded a significant bonus which can be more than half of their total annual compensation.
Cashflow or not, the extra money is substantial and a defining driver of why many people do investment banking over business consulting. This is also a difficult issue for consulting firms with respect to employee retention. In my years as a McKinsey management consultant, easily half the people who left the firm went into the financial world (from hedge funds to PE), and salary was undoubtedly a major factor in the decision.
My advice is – after considering the 5 factors Ive listed here, you still think the pay difference (for analysts, averaging between $30-60K per year) would mean a significant difference in your professional job satisfaction, choose investment banking over consulting.
#2 LIFESTYLE ISSUES
The big differences here are:
-Hours. Bankers work brutal hours, no surprise. They can average 14-16 hours/day but it can get FAR WORSE.
My roommates in New York (both investment bankers at Goldman Sachs) would sometimes go several weeks before wed even exchange a word. Which meant not only were they getting in after I went to sleep (around 2am), but going back to the office before I woke up (around 7am).
Your second year as an investment banker gets easier – often in the 10-12 hours/day range but with occasional tough periods.
Management consultants average 12 hours/day, with the typical variations depending on client, team goals, etc
-Travel. Bankers do a little travel for roadshows, due diligence, etc but spend 90% of their time in one office until youre partner-level (you can expect more travel in private equity and asset management). Depending on firm – management consultants travel a lot. At the Big 3 (Bain, Boston Consulting Group, McKinsey), you can expect travel 50-75% of the time
-Relationship with firm employees and coworkers. This is an important but oft overlooked issue. Consulting firms have a very collegial atmosphere, where the focus is on getting work done and ensuring your professional success. This attitude permeates all interactions. Managers never yell, coworkers are supportive whenever possible, and companies are organized to provide consultants support with training, expertise, etc. Finally, networking is critical at consulting firms, and social events are focused on helping business consultants build contacts and relationships throughout the company.
Investment banks, on the other hand, have a more competitive and tense work environment. You can expect more stressful relationships with your bosses, youll probably be yelled at occasionally for mistakes, and coworkers are much less willing to help out colleagues (your success means theres more competition for the biggest bonuses).
In addition, youll have limited exposure across the company to other groups, departments, etc – less ability to network across the company.
Part 2 of this series on consulting versus banking continues tomorrow!
Cash Flow problems are one of the biggest reasons why businesses in the UK fail. We have all heard of the expression “cash is king” but it really can make the difference on whether a business succeeds or fails. Businesses generally over- focus on profit and turnover rather than their cash needs.
In this article I will briefly look at why cash flow and cash flow forecasting is important for your business.
Before we look at the benefits of cash flow forecasting, let me just explain what I mean by this term. Basically a cash flow forecast is an estimated summary of the future cash inflows and outflows, in physical terms, that are expected to occur over a particular period for a business. It is usually summarised on a monthly basis. If the inflows from sales and other receipts are greater than the outflows (cash paid out) at the end of the month, then the business is said to have net cash inflow.
Firstly, preparing a cash flow forecast will help you to identify times when you need more funding. For instance, it may be that a large item of equipment will need to be replaced in six months time but from the forecasted report you see that this cannot be funded through the reserves of the business. This will allow you to approach a lender well before the new equipment needs to be acquired and agree the finance.
In connection with the above point, a forecast is an important element of any business plan you submit to a bank or other lender. It allows them to match the right sort of finance to your projected financial needs. A cash flow forecast is also sometimes required by a lender when you are looking to renew your business bank account overdraft facility.
A cash flow forecast can identify problems as regards expenses and other items that the business has to pay out. Thus, you may be able to cut back on some of these expenses if they are controllable and thus improve you overall net position.
A forecast will also show you and highlight the effects that poor paying customers are having on your cash reserves. When forecast information is looked at in conjunction with the sales figures and debtors figures for the business you will be better placed to decide what to do about any problems that have arisen in this area.
Cash flow forecasts should be compared to the actual accounting figures when they become available at the end of the month. What figures are different? Why are they different? You will need to analyse these differences as it will make your future projections far more accurate. This in turn will allow you to make better decisions as regards your future business activities.
Cash Flow Forecasting is a great business tool that allows you to get a greater understanding as to how your business will potentially perform in the coming months and years. Of course it should be used in combination with other tools and estimates that are available to you and your accountant.
Good day to everyone!
In this article I want to talk separately about the role of paypal in HYIP investment.
Paypal is the worlds largest payment processor, it has over 160 million users around the globe, but in the area of HYIP investment it is not so popular. Why?
There is a bunch of reasons. The first of them is that Paypal has high fees. 3%-4% fee seems unreasonably high in comparison with Liberty Reserves 1% fee. PayPal has set such a high commission because of its popularity, however there are some alternatives to PayPal in the high yield investment area, that is why paypal doesnt seem attractive for HYIP or HYIP monitor.
Another reason is that PayPal is reversible system, so scammed investor may open a dispute against non-paying HYIP. Of course HYIP admin may try to withdraw all funds before the disputes are open, but withdrawal is usually processed within 5 days, and it makes scamming process inconvenient for HYIP admin. Besides honest investors, PayPal dispute system may be also used by scam investors in an effort to try to get their money back even after receiving all payments from HYIP. In this case he is appreciated by paypal as a buyer, so he gets protected and can receive his funds back at anytime, no matter whether he was paid to the full or not.
The last but not the least reason why paypal is not popular in HYIP and especially HYIP monitoring area is its get-tough policy regarding account holders. And this fact makes PayPal almost unacceptable for HYIP investment. Some time ago paypal implemented accounts suspension solely in case having obvious evidences of fraudulent activity. But now, being at the peak of popularity, paypal has become known as a SCAM company that steals the money of its customers. In these conditions no admins of HYIP or HYIP monitor will use it, having in mind that paypal can steal his money at anytime. Obviously, what should HYIP admin do in case his paypal is suspended, and reviewing documents is taking too long or paypal has closed his account without any reason? In this case both HYIP admin and investors get scammed, and paypal remains the worlds fairest system, as they reserve the right not to share the reason of account suspension.
Another question is why you will never see a HYIP monitor that accepts PayPal? Well, HYIP monitoring system is closely connected with HYIP investment system, so HYIP monitor has to accept those e-currencies, that are accepted in HYIP area. In other case HYIP monitor will not have a possibility to invest in a certain HYIP. Why not accept payment via PayPal at least for advertisement? Well, the answer is in the 3 above paragraphs. HYIP monitoring system prefers simplicity, and paypal is unable to offer it.
The perfect logical conclusion for this article could become a statement that PayPal and HYIP & HYIP monitoring industries have nothing in common, but wait
There are HYIPs that accept PayPal! Despite all paypal disadvantages there are HYIP admins that are ready to accept investments via PayPal. How do they do it? Well, there are many tricks, and the most popular among them is offering investors to send personal payments, citing the fact that they are free of fees (but forgeting to notify that they are non-reversible). So you should be careful investing in a HYIP that accept PayPal!
People can easily earn lot of money by doing home jobs without investment; these kinds of jobs are effective way to support your livings, more they are also a great platform to showcase your skills.
One of better ways now a days to earn money from home without making initial investment is to work at freelancing sites, many people from globe are doing this work and earning lot of cash. People can do many kinds of jobs at freelancing sites which includes typing jobs, content writing, image creating and editing, website designing and anything you can do or employers want you to do, We can also get some jobs which requires skills such as programming skills, logo designing etc.
Free lancing jobs are most stable income model which you can achieve by working from home without making any initial investment.
Building website and blogs is also another ways of making money; you can now easily create blog on internet and earn money by developing and updating it.
But you have to remember that you need to provide quality content in order to generate income by making blogs or website, but this is very stable source of income.
Entering Affiliate business is one of the effective ways to earn from home without initial investment, to earn money, you have to refer people to some business or website, you can earn commission through marketing and this income model is also very stable.
Another high demand home based job is Online trading, Online trading involves lot of risk. You can also lose money in this business. Many people think this is easy to do work but actually it is most risky home based job ever, but it also pays you a lot.In Online Trading Only Experience matters, you need to have lot of experience in order to succeed in this business.
Another Home based job without investment includes teaching from home, This type of teaching method is also interesting and effective as you don”t need to gather your student s at a particular place to deliver your lectures instead you can deliver lectures to them, which can be listened by them at their own convenience.
One of most popular home based job which involves no investment includes data entry jobs, paid clicks and content writing and editing, you can look for these jobs in different forums, e.g. many free lancing sites offers you such jobs, these types of jobs can be done by everyone as they require no investment and moreover no skill is required.
Home bases jobs are great source of income as it enables you to work as you wish and some of them also pays hefty cash, we have included some of job types which includes Working At Freelance Sites, Making Blogs/Websites, Affiliate Business, Online Trading, Stock Market Trading, Doing Copy writing/Content Writing Jobs At Different Sites. Kindly keep visiting us for staying updated about new ways to earn from home without investment.
If I have money to invest; what should I do to ensure I get returns but also put myself in line to actually make big returns once in a while?
The answer to that very valid question is that you will probably have to look at something unorthodox as your investment options, since the obvious investment vehicles are in fact obvious for a reason.
Nothing extraordinary will come of the usual stuff. You might make a comfortable income and actually even reach financial freedom, but chances are you will constantly have to be involved in the ground level operational tasks, effectively making you self-employed instead of an outright investor.
What exactly is meant by getting into unorthodox investments really?
To answer that question, we will first have to discuss what orthodox investments are and these include anything which is considered to be the norm in the world of investments.
Things like getting into the stock markets and shares trading, forex trading, setting up sales web sites, buying up bonds, getting into property, getting into farming and agriculture and anything else you can think of, from the top of your head, as an investment people get into everyday, counts as an orthodox investment.
A lot of safety and familiarity is offered through the orthodox investments, so the allure is self-explanatory.
Unorthodox investments have a different kind of allure though, as they come with a whole lot of added dynamics.
The thrill of knowing that probably no two days will be the same makes for some very interesting times, during the various stages of your investment operations, if you are going the unorthodox route.
There are varying degrees of unorthodox investments and some cases are very extreme, while others aren’t all that much of a change from the normal investments. The only difference would be that the unorthodox investment schemes have twists to them that make them a little bit unusual, out of this world and unique in a sense.
Examples of unorthodox investments include those areas where most people don’t even know there is an opportunity to make money.
If you know how to look for opportunities, you will have absolutely no problem spotting investments in any unorthodox setup and an example could be the likes of waste management, organic compost farms and anything else that is just beyond the thoughts of many eager investors.
Taking a closer look at the examples we touched on, waste management is something usually left to the government or local municipality.
If you have a few small trucks at your disposal, or you can get one or two, you can get into the recycling business.
You can go around collecting people’s garbage and then sorting it into recyclable goods, to be resold to recycling plants, and then discarding of the remainder of the waste.
With regards to the organic compost farm, if you have a piece of land some way away from any residential area, you can store some of the organic waste from your recycling business and let it decompose to be packaged and sold as organic fertilizer.
The development and testing of drugs is one of the most important aspects of pharmacology. This branch of study is very essential for proper treatment and advancement in the field of medicine and surgery. Before we look at what is clinical trial management, let’s first understand what clinical trials are. Clinical trials are intensive research studies that are used to determine the efficacy or hazardous effects of drugs that are yet to be introduced to the market. Clinical trial involves working with human volunteers over a long period of time to study the effects of the drug on the human system. Only if the results of these research studies are positive, the drug is released in the market.
This behavioural and medical study involves a series of complicated steps, where each step should be processed with care. Moreover, all these research studies are very sensitive, and require a lot of time and effort. Clinical trial management helps streamline the entire process. Clinical trials involve collection of large amounts of data. All this data has to be classified into various categories. Statistical studies are used to generate information from all the collected data. Sometimes, it requires a little technical and software help to semi-automate the entire process, and make work easier. The use of software eases the entire process of collecting, collating and analyzing the data.ta.
A comprehensive clinical trial management system offers support for the entire process from planning to reporting. The results of the clinical trial play a pivotal role in determining whether the particular medicine can be introduced to the market. Therefore, the entire process should be done with optimum care. Million of rupees are being spent in R&D, drug studies and drug development. Thousands of people are involved in creating the particular drug. The outcome of these clinical trials will directly affect the company, sponsors and others involved in the process. So, the clinical trials should be effectively managed in order to justify all the effort that has gone into producing the new drug.
Clinical trials can be conducted by the pharmaceutical company itself, or it could be outsourced to a neutral agent for effective testing. There are plenty of agencies that conduct clinical trials in India. These agencies collect volunteers, create test and control scenarios, test the drug and meticulously tabulate all the results. These institutions may sometime provide training in clinical trial management for students of pharmacy and medicine.
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Reducing your car insurance in Seattle Washington.
In terms of La automobile insurance is concerned, you are able to take an active role in bringing down the rates you might be paying.
Cut recorded on the mileage by completing all of your errands at one go. If you have not driven as many miles, your rates for that L . a . automobile insurance won’t be as high.
If you have front driver and front passenger airbags a good discount about the insurance fees are available. An anti-lock braking system also leads to the lowering your La auto insurance rates.
Avoid speeding tickets and a treating the speed of which you drive and you might find La automobile insurance companies proclaiming to offer you better rates compared to they might have otherwise car insurance Los Angeles.
If you’re taking yourself at your fingertips and make sure that you simply drive in a disciplined fashion, when it’s time and energy to renew your , you simply could be surprises in the cheap rates you will end up offered.
Selecting the Right La Auto Insurance Policy.
La car insurance policies protects your automobile, brings you satisfaction and is also probably a major investment simultaneously. You can find widely varying quotes provided by different Los Angeles auto insurance companies. Thus a choice of a correct policy gets to be a significant problem to think about. Usually, in terms of Los Angeles automobile insurance is worried, a consistent rate per annum is charged to insure your vehicle and also the rates vary in various states. If you’re finding it rare to find a premium at rates suggested by L . a . car insurance companies, you need to read about the motor insurance discounts that exist in La. Los Angeles car insurance companies often soften them by certain mishaps according to their particular terms. There’s a further deduction which lowers the rates and you also, the owner of the auto benefit.
Reliable L . a . automobile insurance companies have a major worry off shoulders and guarantee you of the secure future for the vehicle in every method that matters.
By using a time management log you will learn how to have a more balanced life. It will answer questions such as where do you spend your time? When are you most alert? What do you procrastinate about?
The best thing about a time journal is that it gives you back control over your life. The idea is to record what you do so you can learn what things you are currently spending your time on. It is not complicated, or hard to learn how to use. A simple notepad and pen will do the trick!
The best log will be simple and will be easy to keep at hand. As your day goes on, write down what you’re doing. That’s all. Don’t try to remember back at the end of the day, write down what you’re doing as the day happens. Note your work and interruptions, home and recreation time. The shortest amount of time to keep a log, to be effective, is three days. Try to keep one going for a week as that will give you a more complete picture of what you’re doing over time.
At the end of the day, if you don’t use your time management log -no-one is going to use it for you. To make the most of it, keep writing in it for the 3 or 7 days. If you want to include more details you could color code your time journal, or use an “A, B, C” priority system.
You can also note how you feel about various tasks, especially during work hours. You can also note when you are just killing time. Note when you are most productive. What are the circumstances for each? Identify your problem areas and the times when you are doing well.
A time management log is a big picture exercise. On completion you should have an eagles eye view of how you are spending your time, so it will be easier to then plan how you really want to spend it. Use your time journal to take back control of your life.
Can you explain how time management and setting goals are related? It’s a simple question. It is obvious to realize the answer. But it is hard to formulate it. I am deeply convinced that as long as a person can not explain well, he does not fully understand the answer. He can have some right thought, but he does not have clear vision of situation. That’s why some teachers can’t explain well. When you have clear vision you have big advantage. It’s easier for you to see the situation from the other side. You can find some surprise decision. You become more competitive.
First of all, there is no time management with out goals. It is happened, for example, when you do nothing. You waste your time; you have no need to watch it. You have no goals. But, if you set a goal, you will think about time. How reach you goal in time. Or if you have many goals, you will think about time needed to reach each goal, and how to minimize it.
The second, time management skills are very special. If you have no goal, it is really hard train this skills. It is not obvious, but it is easy to understand. If you don’t have a goal, you don’t have motivation to do something. If you don’t have motivation it is hard to do anything, include training time management skills.
And the third, it is really hard to reach big goal with out time management, because it is not easy to set time limit for goal. Usually you need to reach goal as far as you can. So you set a small limit of time, but you have strong motivation. And time management comes to help you. You increase you skills, you waste less time, you have more time to achieve goal, so you become more successful.
Thank you for reading my article, I hope it will be useful for you. Welcome to my new site: Boxing timer.
Hotel management refers to planning and organizing accommodation, catering and other hotel services. It is a branch of management which deals with administrating a business that provides lodging, meals and other services to the customers. It includes hotel administration, accounts, marketing, housekeeping, front office, food and beverage management, catering and maintenance.
An interview is a recruitment process in which a potential interviewer asks questions from a prospective candidate. Given below are some common interview questions that come up again and again during interviews for this post.
1. According to you what is a hotel management?
Well, according to me hotel management refers to specialized management techniques used in the hospitality sector. It includes hotel administration, accounts, marketing, housekeeping, front office, food and beverage management, catering and maintenance.
2. Please elaborate about the skills and qualifications that are required for this post?
Since a job in hotel management has much to do with keeping customers happy thus people who are at this post must hold outstanding communicational, organizational and interpersonal skills. They should be excellent in computer and must know different foreign languages. A good hotel management employee must be able to work successfully in team as well as individual work environment.
3. What is a dream job for you?
For me work surroundings and level of responsibility is most important. I would like to work in a fun, warm environment where individual works independently towards attaining team goals. I am not concerned about minor elements, such as dress codes, cubicles, and the level of formality.
4. If there is any angry and irate customers. How do you handle him or her?
Well, dealing with all types of customers is part of my job. I am a very chill and composed person so I am least effected by the negative feedback of customer. However, I make attempt to handle them carefully by managing their complaints. I usually say sorry for the mistake and inform them that I will do everything possible to correct it.
5. What is needed to get success in a hotel like this?
Well, I believe that determination, willingness to work hard and a hunger to excel in everything you do are some of the key characteristics required for this position. A successful employee would also need to handle pressure well, be a great communicator and an excellent team member.
I hope my article will help you in answering these questions confidently. Good luck in your journey of finding a decent job!
Currency risk is the variability of the value of the foreign exchange exposure, liabilities or operating income as a result of unanticipated changes in exchange rates related, while the currency is what is at risk. Foreign Exchange Exposure and the risks if business income or an expense or an asset or offset in a currency other than that of the balance-sheet currency.
1. Foreign Exchange Transaction Exposure
Transaction risk can be regarded as “the sensitivity of the local currency value of the contract cash flow business in foreign currencies to unexpected changes in the exchange rate. Exhibition transactions sometimes considered an economic burden in the short term will be defined. The statement of transactions from a fixed price contract project in a world where exchange rates randomly.
For now, the swap occurs, the output is affected and selling brand of rupees, the currency moved to say Rs.20 for each brand.
The risk is a negative movement in the exchange rate when the transaction is evaluated whether foreign exchange exposure through the sale or purchase of foreign currencies relative to the national currency has lapsed.
2. Foreign Exchange Translation Exposure (Accounting Exposures)
Foreign Exchange Translation exposure is due, as is likely to increase or decrease the net worth of the parents of a change in exchange rates since the last translation. Unbound incurred from the assets and liabilities at historical exchange rates, as assessed because they are not affected by differences in exchange rates. Currency translation adjustment is reported in terms of net assets and liabilities at current exchange rates. If it is exposed above the exposed assets, liabilities, has a lange’of “positieve’of”show “active” and the risk of conversion is equal to the net. A company, positive exposure, earnings and the current rate of exchange beyond this story. A company can say a rate of economic burdens rupee yen, while the risk of compromise or translation is not in the Japanese currency. Overall, the economic burden of long-term viability and operation of translation and foreign exchange exposure.
Here and there the terms real estate agent and realtor are utilized reciprocally; nonetheless, they are not the same. A REALTOR is an authorized land operator who is additionally a part of the NATIONAL ASSOCIATION OF REALTORS. Realtors are obliged to consent to a strict code of morals and behavior. MLS and CIE property posting data was truly just accessible in hard duplicate, and as we said, just specifically accessible to land operators parts of a MLS or CIE. Around ten years back, this significant property data began to trickle out to the Internet. This trickle is presently a surge! Uptown Charlotte condos will consider your needs and desires for a real estate.
In order to write an effective business plan, you will need to start by covering the basics. State clearly on a cover sheet the name of your business, the address of the business and the principles that govern the business. These elements, however, are only part of what you need to include in your business plan. There are a few more essential elements to include in your business plan.
The executive summary is the abstract of your business plan. It is summarises all the information you give in the body of the plan and serves to introduce potential investors to your company. Mention your company background, mission statement, goals, management overview, capital requirements, market opportunity and competitors in no more than three or four pages. Make sure your executive summary is persuasive enough to convince investors about the viability and potential of the business.
The business overview provides more details about your business and why the business was formed. It expounds on your business mission, strategy, model and existing strategic relationships. Clearly explain how your business was formed, the costs associated with running the business, legal structures of the business and any intellectual property you may own. You may also cover issues relating to administration, management, accounting and security in this section of your plan.
The business offering section details why you are in business and what you are selling. State whether you are selling products or services. If you are selling products, shed more light on whether you are the manufacturer, retailer or distributor. Talk about your manufacturing process, inventory processes and availability of materials, if you are the product manufacture. If your business offers services, describe those services in detail. Also, provide information on product or service lines you expect to venture into in future.
Implementation and Strategy
This section provides details of your business strategies. It highlights your sales forecast, products or services launch dates and expected customer or web visitors statistics. Investors will be keen to read through this section to learn about your dates and deadlines. Lay out these details in a table called Milestones for easier information consumption.
Marketing Plan and Analysis
Detail your marketing plans in this section. Provide information about your market analysis, customer service, sales and public relations. Showcase your business vision and highlight the key points that will make your business successful. Validate your points with market research and customer and or industry trends. If you are a smaller entrepreneurial company and lack capacity to conduct in depth market research, validate your points with testimonials from existing customers.
Explain the backgrounds of the managers and executives in your business in this section. This is important because investors will be interested in evaluating the risks associated with your business before they invest. Generally, the experience of management teams significantly affects business risks. The more experienced the management team, the lower the risk involved.
Finally, provide a clear quantitative interpretation and projection of all the information you included in the different sections of your plan. This information should ideally come after all the other sections. Include your cash flow statement for the coming two to three years, balance sheet and projected profit and loss statements in your financial projections.
Remember, a good business plan is never completely finished. Review, revise and build upon your plan from time to time to keep it accurate and up to date.
Are you looking to find the best residual income opportunity that will allow you to make money working from home in your spare time. There are a large number of passive residual income opportunities for you to take part in on the internet that will allow you to make a decent amount of cashflow for just a limited amount of your time.
Passive residual income is going to allow you to make money from the sale of a product or service that you are offering which will have your clients or customers making regular payments each month for the sale such as a website or monthly membership. You do little to no work other than setting up the website and directing customers to your website which will allow them to look around and see what you have to offer which will then encourage them to make a purchase. Once they make the purchase and see that they love the service or product, they will continue to come back to your website to make purchases which then allow you to generate income from the sale of that product or service.
The other thing about making passive residual income is that the marketer who is taking part in the passive residual income opportunity is given larger rewards for the MLM levels that he passes. You have a larger greater number of rewards for each level in which you pass.
Many people in the passive residual income programs have said that many of their clients or customers will come from their everyday lives such as in the home or in the workplace. However, with the proper tools and the proper training, you can make a good amount of money from the people that you encounter on the internet as well. Your friends and family are just some of the people that you will want to sell your passive residual income to while there are others out there who will want to join and will sign up under you with the right techniques being used.
You will become what is known as a sponsor and someone who joins under you will be a marketer. You will be looked at as a supervisor and will want to follow each of your different marketers to make sure that they are making the right connections and are reaching their goals as well. For each of these marketers who joins and reaches their goals, puts more money in your pocket. You want to stay on top of each of your members until you see that they are able to prove themselves without needing to be pushed. The more members you get to signup under you and the more members they get to signup, the more money you are going to be making each and every month there after.
The trick to making it in a real successful passive residual income opportunity is to make sure that you have the right material and are pushing a service that most people need or want. Once you find the right materials and the right program, you are going to be able to make a decent living from the sale of each of these services and programs. It is going to take some selling and take some time but with the right tools, you will be able to make a decent living within a few months time of signing up for the passive residual income opportunity.
With advances in technology, you can have people working for you from any corner of the world. Since you can do just about anything on the internet now, it was only a matter of time before one could punch the clock online. Here are three advantages to using the internet to have your freelance workers check in with you.
You Can See It from Anywhere
This is perfect in the case that you have freelancers whom are not in your area, and whom you can only contact virtually. This way, you can all log into the cloud, and you can see your worker’s activity from wherever you are, and they can check in from wherever they are.
You Can Monitor Their Activity Remotely
Many internet-based programs allow you to see when someone else is on the program at the moment. You will easily be able to tell whether or not they punched their in and out times, and you may contact a freelancer who has failed to punch in. The freelancer can punch in different hours depending on what stage they are in their work. Maybe include a blurb about it if the program allows, for instance, a journalist can punch in interviews he or she scored for her piece. Via the internet, a freelancer can easily record how long they worked for the day, and possibly what they did.
It is Incredibly Easy
This takes the stress of having to meet, call, or Skype with your freelancers every day to go over their progress. Sometimes, it just isn’t possible to see everyone in person. It is much easier for everyone, that you can receive updates on progress straight from the source. The work itself can be easily posted as well, if possible. Put simply, it saves everyone a hassle.
The internet, or cloud, has made communication and information storage much easier than it was before. So, why not translate that to work? Now, you can monitor your freelancer’s performance, see their hours from anywhere, and easily communicate with them if need be. You can also see their assignments depending on the work. If you are trying to keep track of your freelancers, consider the cloud.
If you want to shoot, whether it is for hunting purposes or in a leisure match, you should obtain any ammunition at the lowest price available. The lower the cost of the bullets, the greater number of rounds you can acquire, so it is wise to find ammo on sale whenever you can. Due to competition on the web, it seems like you can always get an ammo sale online. If you do not find the distinct caliber you are looking for on sale, nonetheless, you’ll discover you may still get a great price. To do so, all you should do is buy your bullets in large quantities. Many people discover it’s not a problem as they recognize they will use the ammunition in a reasonable period of time. For people who discover they do not require the quantity of ammunition typically seen in a mass order, money can nevertheless be kept. Talk with relatives and buddies to find out if they are wanting the exact same kind of ammunition. If they are, you’ll be able to go in on one order collectively to benefit from the cost savings. Never pay more than you have to to purchase rounds. As you have a plethora of retailers presently supplying these products on the web, you’ll find you save a whole lot of hard earned cash by purchasing in large quantities.
The one issue that anyone who may have been having to pay rent for many years has figured out, is certainly that most involving his / her cash is actually entering into someone else’s wallet, plus virtually all that the tenant acquired for his or her money was really a place to place his or her head at night as well as a roof covering overhead. Those who pay a mortgage loan typically spend the same money or possibly significantly less on a monthly basis than do the people who are leasing, but yet unlike a renter, the house customer has the pride involving control, the awareness that one day the house will be fully his or her own, plus the pleasure involving working to enhance the residence within his free time, along with viewing it go upward in value.
If you’d like to exchange a person’s title of occupant for that associated with real estate buyer, you happen to be one of many. The most important thing you must do is to find a home for sale that you can afford to purchase. If you’re able to do so, conserve a minimum of 5% of the residence’s valuation to set down as being a down-payment. If you can’t afford to pay for a first deposit, question an area real estate broker for an available guide for buying a home with no deposit. Once you start over the direction of buying a residence, you will never want to hire again!
The one issue that anyone who may have been having to pay rent for many years has figured out, is certainly that most involving his / her cash is actually entering into someone else’s wallet, plus virtually all that the tenant acquired for his or her money was really a place to place his or her head at night as well as a roof covering overhead. Those who pay a mortgage loan typically spend the same money or possibly significantly less on a monthly basis than do the people who are leasing, but yet unlike a renter, the house customer has the pride involving control, the awareness that one day the house will be fully his or her own, plus the pleasure involving working to enhance the residence within his free time, along with viewing it go upward in value.
If you’d like to exchange a person’s title of occupant for that associated with real estate buyer, you happen to be one of many. The most important thing you must do is to find a home for sale that you can afford to purchase. If you’re able to do so, conserve a minimum of 5% of the residence’s valuation to set down as being a down-payment. If you can’t afford to pay for a first deposit, question an area real estate broker for an available guide for buying a home with no deposit. Once you start over the direction of buying a residence, you will never want to hire again!
Improving the Interior of Your House Investing in the interior design of your home is something that can eventually pay dividends. For starters, it is going to make it so that you love the home that you live in more. This alone is going to make it so it is worth it to spend the money on your interior design. But another great reason for doing so is the amount of money that you are going to see come back. You can expect the money that you are putting into the interior of your home to increase the amount of equity that your property has accrued. By adding something such as wooden stairs you can drastically improve the interior of your house, while also improving the value of the property. Joinery manufacturing is something where the quality of the material and craftsmanship is very important. If you want wooden stairs, you need to find the right joinery company. You have several good reasons to make sure that you are only shopping at a joinery business that has the highest quality. For one thing, joinery manufacturing as not changed much over the years, but this does not change the fact that it takes an exceptional level of attention to detail. Plus the products that you are buying are supposed to be made out of material that can last in your home for many years. This is why people are willing to pay so much to get these products into their home. Having oak stairs in your home is something that can give you not only a great look, but a great value too. For starters, oak is a very strong wood, you can be positive that this staircase will last in your home for a long time. Not to mention how much a wooden staircase will improve the look of the inside of your home.
What I Can Teach You About Businesses
The money that you will need to pay to get oak stairs makes it so you need to find the right people to install them. You are going to want to do some research on the joinery business that you are considering for the job that you have. There is plenty of information that you can find online about these businesses to make a more informed decision.
Case Study: My Experience With Manufacturing
You have some options if you want to improve your homes look and the value of it too. If you want to add wood into your house, you need to find a company that does quality joinery manufacturing. You are going to find a lot of businesses out there that will be able to do this for you.
If you are a individual who actually is quickly nearing retirement and also who are worried about precisely how rapidly the present rate of inflation appears to be taking away the actual amassed value of your own retirement living money, you’re in good company. There are many countless other folks who are exactly like you, and therefore that happen to be just as uneasy in regards to the present state of America’s economic climate. It can be time that you all cease so you can have a brand new look at gold ira rollovers. A gold ira rollover is the thing that somebody really does that has dollars that is invested in paper investment funds, for instance a certificate of deposit or perhaps a 401k. As these types of investment funds become mature, rather than reinvesting them automatically as they might have completed at one point at a certain time, there’s a simple manner in which you’ll be able to shift these types of cash to the solid and concrete expenditure of yellow metal. By making use of one of the several gold ira companies, one can learn exactly how this works. In fact, this is a video clip that delivers more information: https://www.youtube.com/watch?v=XZJBvtjqICk – check it out!
Yellow metal happens to be treasured as long as man has strolled upon the earth. It truly is stunning, soft, doesn’t tarnish and it’s constrained in supply. As is certainly the way it is with land, it’s not possible for mankind to generate more precious metal. As a result of these reasons, its own price has not only held constant, but it has appreciated significantly, especially in more recent years. Several specialists even predict that we even now have not seen exactly how high the cost of gold could possibly proceed! Therefore it’s really a safe and secure expenditure, but it is additionally the one that will certainly possess a prepared consumer should, for virtually any distinct reason, such as to pay for medical bills, or aid a youngster or grandchild, desire to advertise all or even some of it. A lot of investment decision consultants think rare metal is the foremost expenditure that anyone can make. There is a cause as to why people mention the “gold” standard!
Many individuals believe that it is beneficial to return back and additionally consider how good their own 401k investment funds are already doing, and to compare them to the particular overall performance associated with rare metal on your open market place that same period of time. It typically won’t take very much more as compared to that for lots of people to instantly establish which is the greater financial investment!
It is quite difficult to define the knowledge management unless we don’t have a strong idea of what is the knowledge is. Before defining the knowledge management needs to effectively define the term knowledge first, that we will discuss later. But first we can define knowledge management as an activity which has two basic objectives in a business. The first objective is to collect the knowledge that is important for the business and has direct concerns with the business strategy, policy and practice of an organization at all levels. The second objective of the knowledge management s to map the intellectual assets of the organization, making these vast amounts of corporate information accessible and sharing the best practices through the technology that enables above function including intranet and groupware.
Role of knowledge management in the business
Knowledge management has an important role in maintaining a successful business process. If you study you will observe that there is a sound connection between management strategies, practices and business issues with the knowledge management. Knowledge management also affects the different areas of a business including; Change management, Best practices, Risk management, Benchmarking Most of the experts in business class and corporate level view knowledge management as business process reengineering. In the most of the researches in the recent past about business strategies has acknowledged that that information and knowledge are business assets, and that businesses need policies and tools to manage those assets.
Need for the Knowledge Management
There is a lot of debate on the issue that why an organization needs knowledge management. There are plenty of opinions about the methods, paths and objectives of knowledge management systems. Most of the time, need for knowledge management is focused on enhancing creativity and creating new knowledge value while other programs emphasize leveraging existing knowledge.
There is an increasing understanding that intellectual capital is important for the growth of the organizations and discussion about intellectual capital has proliferated all over the world but few businesses has acted on this understanding. Where companies have take action and a growing number are doing so implementations of “knowledge management” may range from technology-driven methods of accessing, controlling, and delivering information to massive efforts to change corporate culture.
What is the real knowledge?
Most of the time the terms information and knowledge are often used interchangeably by business writers. Let’s choose a simple definition and get on with it: Knowledge has two basic definitions of interest. The first pertains to a defined body of information. Depending on the definition, the body of information might consist of facts, opinions, ideas, theories, principles, and models (or other frameworks). Clearly, other categories are possible, too. Subject matter (e.g., chemistry, mathematics, etc.) is just one possibility. Knowledge also refers to a person’s state of being with respect to some body of information. These states include ignorance, awareness, familiarity, understanding, facility, and so on. In traditional perceptions of the role of knowledge in business organizations, tacit knowledge is often viewed as the real key to getting things done and creating new value. Not explicit knowledge. Thus we often encounter an emphasis on the “learning organization” and other approaches that stress internalization of information (through experience and action) and generation of new knowledge through managed interaction.
Information about Selecting Services for Wedding Photography Because they provide people with the chance of preserving the fun, emotion and happenings of their wedding, wedding photography services are important. With wedding photographs being of so much importance, it is advisable for you to choose the services that will work well for your needs. Before deciding on the photography services that will be best for you, it is advisable for you to go through several prospective photography services. For you to get the photography service that will be best for your ceremony, you need to make sure that you follow some tips. It is within the shortest time possible that you should start the process of getting photographers. Many reputable photographers tend to have bookings throughout the whole year and it is important for you to start looking for photographers within the shortest time possible to ensure that you get the one that will be right for your wedding. Tapping into your network will give you the chance of getting the wedding photography service that is best for you. Sourcing for recommendations from your family and friends that might have planned their weddings before is important. You have the chance of going through their wedding albums to see the quality of the photographs taken. Once you have a list of the photography services that might be fit for you, it is a good idea for you to narrow down your options. You need to make sure that you start eliminating the services that do not work well for you by determining the photography service that will suit your specific needs and budget. You need to consider how well they perform in different environments and settings. After narrowing down the selection of the wedding photography services that might be best for you, make sure that you make appointments with around three photographers and make sure that you interview them. You should examine the style of the photographers and if the photos that have been captured by the photographer capture the emotional tone of a couple during the interview. It is important that you gauge the professionalism of a photographer and the events that he or she has worked on. Considering the experience the photographer has shooting in a variety of locations is advisable. You need to ask a photographer whether he or she has ever shot at the venue of your wedding.
Lessons Learned from Years with Photography
Discussing wedding photography equipment is advisable to ensure that the photographers use the equipment that you need. You should also find out the kind of program that is used by the photographer to edit the photos. You need to make sure that you consider the costs of the photography services before you sign the contract. Determinig the different places where you would want the photographs to be taken and the number of hours that you might need to have the photographer around.Where To Start with Photographers and More
Real Estate Investing: No Pain No Gain Real estate investments is just one of the many ways that people could be making money and there are now so many people that have tried to do this and become successful on what they are doing. For a lot of people who have heard about real estate investors, there is only one thing that would come to their mind and that would be a successful one and make a lot of money. Unfortunately, there are also a lot of people that failed in real estate investing. One thing that you should know about real estate is that you will need to learn more about it first before you could start and know every detail and information that you could possibly get. There are many things that a person could do so that they could learn more about real estate. You should know that there are a lot of people that are really into real estate investing and that is why they would have to do everything just learn more about this business. When you are going to learn about real estate, you will have to think about spending a lot of time in doing this because it is what you could possibly do so you could really become a successful real estate investor. A lot of people would really think that real estate investing is just about buying and reselling a real estate property unfortunately it’s not just all about this thing. Successful real estate investors have one thing in common, they all research the information about the property thoroughly which gives them a lot of options on what would be the best to do. For people that just started in the business, they should know that there are available information that they could get anywhere today which makes it really easy to learn more about real estate investing. You can find a lot of tutorials in the internet when it comes to educating yourself about real estate. Unfortunately there are people that would want to destroy other’s dream of a good life by scamming them. A good real estate investor would know the possibilities that they have to face and when that happens they are able to make a good and instant decision so that they could avoid failing in their investments. You will be the boss of yourself, this is what a real estate investor means to be and that means that it would be a challenging task for you to make your own decision about what would be good or better for your business which makes it really fulfilling if you ever succeed.
Fraud is everywhere. It follows you everywhere you go, especially in business. That’s why it is necessary to undergo coaching and mentoring to have every decisions well studied. If you just can’t avoid it, or identify what is a fraud or not, then it is the end for you. It’s really hard to know which one is a scam, and which one is not. And so, to become successful, be wary of each step that you will take.
Investment fraud is the term used to describe a business practice in which investors get into bogus investment, being fooled by false information, frequently resulting into loss of investment. Fraudulent investments can be seen as insider trading, manipulation of the stock market and prime bank investment schemes.
Illegal insider trading is when corporate insiders violate the company’s confidentiality and secretly sell or share it to an outsider. Illegal insider trading is always accused as the main reason of lowering overall economic growth.
Fraudulent manipulation of the stock market happens when spammers use persuasive techniques through the phone or through emails. They also use professionally designed brochures to pitch the investment.
Prime Bank Investment Scheme is another type of investment fraud. These schemes claims that they are involved or connected to some organizations like International Chamber of Commerce (ICC) and International Monetary Fund. They use this to get the trust of investors.
These investment frauds use aggressive marketing tools. They use deceiving infomercials and telemarketing to persuade investors. Anyone who has a stock investment can be a victim, but most of the time, older people are victimized. They steal their property whether its a direct purchase or through pension. Bogus are assured that older investors won’t be able to fix the hole of their investment once they got victimized, at least not as soon as now.
To avoid investment frauds, here are simple ways you should consider during the management of your investments.
Make further research. Ask people that you know as to where you can find credible stock investments. Consult professionals or your attorney. These guys will be very willing to suggest names to you.
Slow down, don’t rush things as what the bogus wants you to do. If a person pressures you to make a quick decision, just say NO right away. It is your right to check all the things involved in an investment. Nobody should pressure you because there is a high risk involved.
Be the handler of your own money. Never entrust it to anyone. Remember that con artists are working for your trust, and you can’t give it away that easy. Stay away from people who came from nowhere and claims that he/she is an expert. Make sure that you fully understand what he/she is saying.
Don’t pay directly to your advisor. Your payment should be on an investment or fund, not on his hands.
Keep an eye on your investments. Be the guard of your own investment instead of unreliable investment professionals. The last decision should always come from you. Keep a written account and make update regular.
Don’t be abashed if you’re a victim. There are agencies that can help you get up from the lost. And there are helps that you can turn to to get back.
Many times, if a person not used to owning a home and also, home obtaining, buys their very first property, they don’t really think about things like the way the home is heated, or the form of appliances they have or how they are fueled. There are a variety associated with approaches to supply power with a house. The most typical, today, will be electrical power. Nonetheless a lot of people, surprisingly, still heat their homes with wood or perhaps also have natural gas or liquid propane gas. In most cases, electrical power is considered the most costly way to heat a residence and it’s in addition the particular most expensive way to work home appliances. Way back when, the main appliances for the home were exclusively available in gas powered models. These days these come in both. Based on where you reside, you may or will not be able to get natural gas services, but practically everyone has access to liquid propane gas.
After a fresh house owner has resided in the home for a short time, they frequently will need to make changes, some of which are inspired from the want to spend significantly less money on utilities such as electrical power. It is just a popular request to have an almost all electronic house flipped around to natural gas. A number of homeowners also will wish for almost all or maybe some of their appliances fueled through gas at the same time. From the gas powered kitchen appliances in the marketplace, many are created for natural gas, yet an experienced gasfitter (http://aucklandplumbers.co.nz/services/) could add a new set up to these appliances which will make them take liquid propane gas alternatively. It matters not if you desire to have all of your home converted to gas or simply to set up a new equipment or have an existing natural gas home appliance changed around to liquid propane gas, one particular matter is definite, this is simply not employment for an novice. Nor is it employment for the property owner wishing to make it happen himself, but who’s relying upon publications or the World wide web to get information on how to get the job done.
Used correctly inside a correct installment, propane is just one of life’s tiny delights. Clothes that comes out of via a gas powered clothes dryer are generally dry ages before those from an electric powered dryer, and also come out piping hot as well as wrinkle free. Real cooks really like cooking food about gas as the flame appears instantaneously. There’s no lengthy awaiting the pan to get hot before it lets you begin to make meals. Nonetheless, propane is a unstable and quite often harmful element. Gas fitting should only be done by a firm including Collins Plumbing and Gas (click here for their home page: www.aucklandplumbers.co.nz) for your own personal basic safety along with the safety of your family. You’ll want to make sure that the corporation you employ delivers experienced Gasfitting Services, along with a focus on experienced. Gas fitting accomplished incorrectly simply by newbies can cause propane escapes, fires and explosions. Stay safe – work with a pro.
If you are considering acquiring or even leasing a house, you’ll desire to work together with one of the top real estate companies in the area you wish to transfer to. It is usually difficult to find properties in an area far away from your home, therefore the property consultants in the UK will be able to assist you in finding the perfect house.
Should you be transfering to a totally brand new city, it’s likely that you just aren’t likely to have time to journey there quite often amongst proceeding to do your job, operating a house and packing for the transfer. Instead, you are going to need someone that will assist you to choose the best residence to be able to purchase or rent in the brand-new area. Whenever you use a real estate professional, you have someone who is within the brand-new area and who is going to carry out the work on your behalf. They’ll hunt for properties that fit things you need along with your price range, and they’ll compile a list for you personally. When you’ve chosen one you love, they’ll aid you with the paperwork required to obtain or perhaps let your new house.
There’s no need to do all of it alone if you are looking to relocate to a new house. Call a realtor in the community you will be relocating to, to allow them to do the hard work for you personally. They shall be sure you locate the property you are searching for.