China s inscrutable currency strategy

Purpose: Expose China Opportunities for Smart Investors The move by China’s central bank to drop the yuan’s rigid peg to the dollar last week on the day of my return after a three-week trip to Asia left a host of questions unanswered. The basket of currencies that will allegedly determine the value of the yuan going forward was not disclosed. What sort of band the currency will be allowed to fluctuate within is not at all clear. The 2% revaluation in the currency on Thursday followed by a slight strengthening on Friday week may actually encourage further short-term speculation since most economists believe the yuan is undervalued by roughly 10% to 20%. With $1 trillion of trade transactions each year and hot money capital inflows equivalent to 5% of its GDP, the uncertainty concerning the Chinese currency is high. Not In the Mainland In the near term, this uncertainty gives investors an opportunity to benefit not just from the expected strengthening of the Chinese currency but the overall rise of Asian currencies against the dollar. In early 2005, I advised clients that the Euro’s rise against the dollar was over and that Asian currencies would be the next area to appreciate versus the dollar. It may turn out that many of your best China investment options don’t involve investing in mainland Chinese companies at all. Direct Currency Approach The cleanest direct currency play on the expected rise in the yuan (also referred to as the renminbi) is to open a renminbi currency account at Everbank. A leading online bank ranked “Best of the Web” by Forbes, Everbank offers a variety of world currency accounts as well as FDIC backed three and six month CD’s which offer attractive rates. Direct iShare Approach Another direct equity China play is through the China iShare (FXI) that tracks the FTSE/Xianhua China 25 index that is comprised of 25 of the largest and most liquid China names. FTSE is a UK based index company and Xianhua is a China based media company. All of the 25 stocks included in the China iShare are listed on the Hong Kong Stock Exchange. Some of them are incorporated in mainland China (H shares) and some of them are incorporated in Hong Kong (red chips). The total market capitalization of the index is $170 billion. The broadest Xinhua China index includes 1,355 listed companies with a total market cap of $550 billion. To put this in perspective, the average market capitalization for a company in the S

What s your selling sentence

What's your Selling Sentence? If you have a business, you need a selling sentence. Sometimes called the Defining Sentence or the Secondary Statement, the Selling Sentence is the group of words that clarify and refine the nature of your business when seen or heard with the name or logo of your business. You tell ‘em what you do for them' with your Selling Sentence. The Selling Sentence clearly differentiates your business in the eyes of your current and potential customers or clients. "When it absolutely, positively, has to be there overnight" reinforces the FedEx brand. McDonald's has used Selling Sentences for individual products. "Two all beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun" Selling Sentences are similar to Unique Selling Propositions, or USPs. But they differ because that they are more focused and are presented in one sentence or less. USPs can be much longer, resembling a mission statement. Develop your own Selling Sentence to be displayed under the business name or logo. If it won't fit there, it is too long. The Selling Sentence should appear in the same spot every time the name of the business or logo is displayed: newspaper ads, store signs, yellow pages, business cards. Everywhere the logo goes, so goes the Selling Sentence. Look at the big boys. Lots of Selling Sentences, some short enough to be called Selling Statements. All fit under the business name. A Selling Sentence is extremely important if your business name does not reflect on the nature of the business or the product. FedEx was shortened from Federal Express, both of which mildly suggest package handling. Since the Selling Sentence accompanied all references, we all know FedEx is a package delivery service. Murray's Plumbing would not need a Selling Sentence to clarify the nature of the business, but rather one to set it apart from hundreds of competitors. Murray's Plumbing We show up on time and smell good or your don't pay! Now Murray and his people must maintain the Selling Sentence by keeping the promise. FedEx says over 99% of packages get there overnight. The Selling Sentence should not change unless you intend to re-brand the business, so get it right from the get-go. Convene your own brain trust of employees and friends and peers for a free association session. List what can be said about your business in one sentence. Emphasize your biggest customer benefit. Write them all down, no matter how goofy. With the group, trim the list to 10 before you bring out the refreshments. Sleep on it and make a final decision the next morning. Papa Fred’s Car Wash Satisfaction Guaranteed or DOUBLE your dirt back Ralph's Refuse Our Business is Picking Up Don't tell 'em what you do. Tell them what you do for them. For more about business get my article "What Does Your Business Card Say?" Send a blank eMail to the MailTo:BizCardSay@BigIdeasGroup. com

Sales training tip 10 reasons why hard sales tactics never work

Hard selling is when you go straight to the point and start to try to sell your product without any finesse. It is simply telling your prospective buyer that he should buy your product. Now this hard-core approach may work in some instances but the majority of your prospective buyers will be put off the sale by this approach. Here are 10 good reasons to change your sales tactics. 1. People hate being sold to: hard sell will bring out the worst in people. When aggressive sales techniques are used this will prompt the prospective buyer to be aggressive as well and act negatively to the sales person. Pretty soon they are ready to argue with you and you know the sale is completely lost. 2. Hard sell will intimidate your prospective buyer: This sales tactic will intimidate some buyers and again cause them to have less interest in the sale. Intimidation will again give your prospective buyer negative feelings towards the sale. They will not have a very good feeling about your company when they see the sort of sales people you hire. This is another factor that will cause you to lose the sales 3. Hard sell makes you sound desperate to sell and this will always put off your buyer. The buyer can sense when the sales person is desperate to sell a product to them. The buyer wonders why the seller is so desperate and is immediately suspicious. This suspicion will turn into mistrust of the truth in what the sales person is saying. The buyer will very likely not buy the product. 4. Hard sell in sales copy will often use hype and prospective buyers can see right through this. Prospective buyers are savvier than they were and will not put up with hype. They want the facts not some pie in the sky promise. If sales copy tries to push the sale with this type of tactic there will be no sale. 5. Prospects need a reason to buy: hard sell does not allow time to explain benefits and what the prospective buyer can expect from the product. Hard sell usually uses features rather than benefits. Benefits are the reason for a customer to buy. You must answer the quest on every prospective buyers mind “What’s in it for me?” 6. You need to build rapport with prospective buyers: building a relationship with your potential buyer is a very important part of selling. You will not only make a sale on the initial product you will build confidence in your buyer. When the buyer has confidence, they will very likely purchase another related product from your company. If you use hard sell you cannot build this all-important relationship. Ultimately you will lose not only the initial sale but also a valuable long-term customer. 7. Soft sell will allow the reader to make his own decision without being pushed into a sale. As mentioned people do not like to be sold to, they do not want to feel that someone is dictating to them and telling them that they have to buy something. Most people want to feel that they are making their own decisions and soft sell will do this for them. 8. Soft sell always outsells hard sell: it is a proven fact that soft sell always outsells soft sell. This is because people can be persuaded but do not like to be forced into a sale. Hard sell is literally pushing your product at your prospective customer and not giving them a chance to say no. Soft sell on the other hand is offering your prospective buyer a product and allowing them to make the decision to buy. 9. It is easier and more enjoyable to use soft sell tactics: soft sell will allow you to use more sales strategies. It is a more enjoyable way to sell because you can talk to the customer, demonstrate benefits and build up a good rapport with your prospective buyer. It is more enjoyable to talk with your buyer and get to know him rather than pushing a sale on him. 10. Soft sell is a powerful way of pre selling products and warming your customer for the sale. When you warm your prospective buyer for the sale, you will be far more successful in selling your product or service. People like to know more about products before they buy and pre selling will allow you to do this for them. Hard sell rarely works because of the above reasons. Additionally there is a stereotype of the pushy sales person using hard sell tactics. When hard sell is used this image comes into the prospects mind and prevents them from accepting the sale. In this way you will lose many sales.

No load mutual funds or exchange traded funds etfs

If you are fed up with early redemption charges and ever increasing mutual fund management fees on top of bad-performing fund managers, read on. There is a quiet revolution going on in the no-load mutual fund industry and you, the individual investor, may benefit from it greatly. I am referring to Exchange Traded Funds (ETFs), which have been around for years, but have grown tremendously since their inception. There are currently over 100 choices with around $10 billion in assets. In a nutshell, an ETF is a specific kind of no-load mutual fund that you might consider to be a basket of stocks. ETFs are diversified like mutual funds, only they trade like stocks. They are cheap to trade (as low as $8.00) and don’t hit you with any short-term redemption fees. And they offer investing opportunities across the board. ETFs track every index under the sun including the S&P 500, the Nasdaq 100, The Russell 2000 and many others. Available through any discount broker, they basically fall into one of three categories: broad-based U. S. indexes, sectors and international. The have esoteric names such as iShares, StreetTracks, HOLDRs and SPYDRs.

The difference is in the index they are tracking and the company marketing them. You will see big name companies offering them, like the American Stock Exchange, Barclay’s Global Investors, Vanguard, and State Street Global Investors. In my newsletter I track the currently most appropriate ETFs for you to consider. For more detailed information you can visit these web sites: http:// nasdaq. com http:// amex. com http:// ishares. com In addition to inexpensive trades and no short-term redemption fees, how else can ETFs save you money vs. no load mutual funds? One way is on their annual management fees. That fee for ETFs is in the area of 0.45% vs. 1.5% on average for no load mutual funds. The fees charged by discount broker are so low they almost can be disregarded, usually less than 0.1% of the transaction. For example, I have used ETFs for some managed account clients during my last Buy cycle, which started on 4/29/03, and paid $27 for a $28,000 order — and that wasn't even with the cheapest discount broker. So, if these ETFs are so great, why hasn’t your broker or financial planner recommended them to you? Simple! Brokers, and those advisors working on commissions, don’t make money on ETFs; no commissions up front or hidden on the back end. It's simply not in their interest to promote them. With all the positives for the investor, there is one disadvantage, which may not be applicable to you unless you are a hot shot no load mutual fund picker. It is that in any given economic environment really super performing mutual funds can outperform the indexes, but an ETF can never outperform the index it’s tied to. You would need to look at your own investment record to know whether this is a downside for you. Here’s a real life example from my advisory practice. My trend tracking indicator signaled a Buy on 4/29/03. Based on my momentum indicators I chose 5 no load mutual funds and 4 ETFs. Over the following 3 months my ETFs gained anywhere from +10.02% to +22.36%, while my no load mutual funds gained from +9.15% to +36.35%. If you’re fortunate enough to make a superior selection you will outperform an ETF. Of course, that presumes you picked a very successful fund as compared to only a moderately successful ETF. A word of caution! Just because ETFs are cheap and easy to buy doesn’t mean they will guarantee you a profit. You can lose money with them just as easily as you do with no-load mutual funds. You still need to make sure you have a disciplined methodology in place to help you get into and out of the market. If you don’t, you’re gambling no matter what you invest in. Having gotten the disclaimer out of the way, hopefully these insights into ETFs will broaden your perspective on ways you can prosper in your investments. © Ulli G. Niemann

Supreme court of india with reference to the doctrine of separation of powers

It has been held by the Indian Supreme Court that the Constitution of India adopts the doctrine of Separation of Powers as known to Western Constitutionalism. It is well known that the VII Schedule of the Constitution deals legislative powers as distributed between the Union and State Governments. It is clear that Entry 22 in Concurrent List deals with labour relations [13]. When the Constitution had conferred the specific power to deal with labour relation to specific organs, can the Supreme Court act as a metal-constitutional organ and usurp the powers given to the other organs? Pronouncing an opinion on the right of employees to strike is an act of legislation and the act of the Supreme Court in pronouncing its view is a judicial legislation, which should be frowned by the competent legislative forums. It is unnecessary to add to the informed readers that the finding of Supreme Court in the present case that the workers do not have any moral or equitable right to strike is just trivial and do not deserve any discussions. Even the international instruments emphasise that denial of such rights would amount to violation of basic labourers rights. Article 8(1)(d) International covenant on Economic, Social and Cultural Rights [14] states that the State Parties to the present covenant undertake to ensure the right to strike, provided that it is exercised in conformity with the laws of the particular country. Sub Sec.(2) of Article 8 further states that this article shall not prevent the imposition of lawful restrictions on the exercise of these rights by members of armed forces or of police or of the administration of the State [15]. It is pertinent to note that Sub Section (3) of Article 8 does not authorise legislative measures to curtail the rights of workers [16]. But we are facing a situation wherein judiciary, essentially a body to adjudicate, has pronounced measures to curtail the rights of workers.

The power to deal with the international relations had been conferred to Union Government under entries 12, 13 and 14 of union list in Schedule VII of the Constitution. Then how can a domestic judicial organ jeopardise the finely held obligations be made valid. That means it has given a go-bye by the Supreme Court in pronouncing such a ruling. From this it is very clear that the Supreme Court acted in an area in which it does not have any jurisdiction at all and in the light of earlier observation on the judgement, it is unnecessary to have any discussions on such ruling and that ruling does not have any force of law. There are other conventions that emphasises the workers right for collective bargaining, which includes right to strike. The Committee on freedom of Association, which examined the workers right to strike under the provisions of ILO, had given a finding that the strikes are recognised as legitimate weapons in furtherance of member’s interest [17]. The Committee further states that any general provision would recognise the right of state employees to go for a strike with restrictions, though such restrictions shall not prohibit the right to strike. Going a step further, the Committee also recommended that the workers organisation should not be prevented from striking against the social and economical policy of the Government [18]. Even a legislation that replaces the employees who are under strike with new recruits would seriously affect the rights of trade unions. Concluding the above recommendation, the Committee said that the right is not absolute and may be restricted in exceptional circumstances or even prohibited for certain categories of workers, in particular, certain public servants …on the condition that compensatory guarantees are provided to such public employees [19].

What does my credit score mean

Lenders are using credit scores more and more to make decisions about who they will lend to. The main developer of these scores is called Fair, Isaac Co (FICO), thus these scores are often called FICO scores. Scores range from 300-850 with a lower score indicating a higher chance of defaulting on a loan and a higher score representing a better chance that the lender will get paid back. The national average score is approximately 680. Every lender sets up its own score cutoffs but generally speaking, you can expect to receive the following treatments based on your score: 300-549: Extremely difficult to find any lender that will offer you credit. 550-619: You may be able to find credit, but very high interest rates and fees will likely apply. 620-679: You should be able to obtain credit, but you will probably be offered a higher interest rate. 680-749: You should have no problem getting credit and you will receive good interest rates and repayment terms. 750-850: Lenders are happy to offer you credit and provide you with their best rates and terms. These scores are becoming even more important to us as consumers over time. For example, most insurance companies also check your score when you apply for car or home insurance. If your score is too low they might not even offer you insurance or they may offer it to you with higher premiums. Many companies will also check your credit when you apply for a job. They look at how well you handle your personal finances as an indicator of how well you will take care of your professional responsibilities. With so much at stake with your credit score it makes sense to know what your score is. TrimYourDebt. com has negotiated with the credit bureaus to offer consumers a free look at their credit report and credit score. It is a 30-day free trial offer, so you get the information right up-front and you can cancel free of charge within 30-days. To check your credit score for free, visit http:// TrimYourDebt. com/GetYourCreditScore. aspx? src=art to find out now.

Hurricane katrina how to use your business loss to get a refund on 2004 taxes

With the massive losses caused by Katrina, the economy of the Gulf Coast region is in extremely bad shape. Fortunately, there is a quirk in the tax code that can help you generate a large refund from your 2004 taxes. Apply Losses to 2004 Taxes When a large geographic area suffers a disaster, the President can declare it a federal disaster area. President Bush has made such a declaration for the Gulf Coast area. While you’ve probably heard such declarations occur over the years, I doubt it means much to you. The declaration, however, has major implications for recovery efforts. Initially, the declaration of a federal disaster area means the federal government is going to provide disaster relief loans, special grants that don’t have to be repaid, unemployment benefits and a variety of other assistance. It also signifies a major tax break for impacted businesses. When a business suffers a loss, the deduction must typically be made in the year the loss occurred. With Hurricane Katrina, the deduction would typically occur when you file taxes in 2006. The problem, of course, is 2006 is a very long time from now if your business is destroyed. You will find this hard to believe, but the IRS is here to help. The IRS is going to give you cash. Under current tax law, you may make a special election to deduct your business losses caused by Katrina on your 2004 taxes. By doing this, you do not have to wait till 2006 to get a tax refund. You don’t have to do this, but it may be the key to getting necessary cash. To make the special election, you must claim it on your 2004 taxes. If you have already filed taxes for 2004, you can file an amended tax return claiming the deduction. In Closing Using this tax strategy can help generate badly needed cash. Make sure you pursue the strategy with the help of your tax professional. If all your records are destroyed, you can order copies of past tax returns from the IRS.

A new age of small unit leadership

Recent mergers in many industries remind me of a point that Gen. Dwight Eisenhower often made, "Generals move the pins on a map," he would say, "but the front-line troops have to get the job done." And the key to the job is leadership, small-unit leadership, leadership of the most basic units or teams of an organization. Without good leadership in front-line units ­ the squad leaders and platoon commanders or their business counterparts, the supervisors and first-level managers ­ organizations stumble, no matter how skillfully the pins are moved on the map. Yet in bringing leadership programs to many businesses in a variety of industries during the past 20 plus years, I've seen many companies neglecting small-unit leadership. Time and again, I have seen technologists promoted right off the lab bench to become team leaders; I've seen assembly workers promoted off the line to be supervisors; and salespeople made local managers and yet they were not helped in substantive ways with their leadership skills. Instead, their employers were focusing on the pins and maps, the re-engineering, acquisitions and divestitures. Sure, the stocks of those businesses got quick boosts, but I wonder how well-positioned the businesses are to achieve consistent earnings growth over the long haul without skilled, small-unit leadership. Consistent earnings' growth is linked to consistent top-line growth. Such growth rests on a tripod. One leg is strategy, the pins on the map; the other leg is resources; and the third leg is execution. Small-unit leadership is the execution leg. So I submit that in the coming years, businesses will come to realize the importance of small-unit leadership to top-line growth and earnings' growth. In fact, the coming years will reveal an exciting new age in small-unit leadership. Businesses that champion such leadership will be tremendously competitive. Here are a few ideas on how to make it happen. First, the CEO and senior executives must recognize the vital importance of small-unit leadership. I'm not talking about their simply paying lip service but having instead a passionate conviction that small-unit leadership is indispensable to growth. Senior executives must encourage small-unit leaders. Celebrate their achievements. Help them overcome their failures. Measure their leadership performance. Develop compensation that stimulates them to advance as leaders. The Marine Corps, an organization with a robust tradition of small-unit leadership, has institutionalized high-level commitment to small-unit leaders. For instance, in chow lines in the field, the lowest ranking troops eat first, the highest ranking last. (How might the cultures of some organizations start to be changed for the better if, for instance, its executives gave small-unit leaders parking perks, while they, the executives, took their chances in the main lot?) Top leaders who demonstrate commitment to their small-unit leaders will have committed small-unit leaders. Without top-down commitment, effective small-unit leadership will not flourish through the whole business but instead in relatively ineffective, scattered islands. But top-level commitment, though necessary, is not sufficient. A passion for small-unit leadership should soak the entire culture of the organization. Everybody must catch the spirit of and contribute to maintaining a culture of small-unit leadership excellence. The word culture comes from the Latin root meaning "to cultivate." To grow small-unit leaders, everybody in the organization must cultivate them. Spot them early. Bring mentors into their lives. Set their expectations high, not only for themselves but for their colleagues and leaders above them. Encourage them to develop leadership in others. A successful executive told me that his career was changed by a small-unit leader. At one time, the executive was a high school dropout working on the assembly line. "During breaks," he said, "I always had people gathered around me. I had this knack of getting them interested in what I had to say. One day, my supervisor told me something that changed my life. He said, 'I've been watching you with people, and you're a natural leader. With more education, you could go far.'" The executive said, "Until then, I had never looked at myself as a leader. Suddenly, I had a vision in life. I was something I didn't know I was: a leader. I finished high school, went to college, and came back here. "That supervisor 's passion for leadership defined my career.. He was always spotting potential leaders and helping them become leaders. His teams consistently racked up the numbers because of his leadership. He had me understand that his level of leadership is tremendously important in our company." Finally, the business that is serious about small-unit leadership must systematically develop them through well-thought-out, comprehensive training programs. In the coming New Age of Small-Unit Leadership, leadership development people will have extremely important roles to play. They will be seen as some of the most important leaders in the organization, since their interaction with small-unit leaders will be contributing directly to top-line growth, to having people get the job done where ever the generals place their pins in the map. 2005 © The Filson Leadership Group, Inc. All rights reserved. PERMISSION TO REPUBLISH: This article may be republished in newsletters and on web sites provided attribution is provided to the author, and it appears with the included copyright, resource box and live web site link. Email notice of intent to publish is appreciated but not required: mail to: brent@actionleadership. com

Taking the time to find a homeowner loan uk

Trying to find a good homeowner loan UK can end up being quite confusing at first. The commercials and advertisements that you usually see for a homeowner loan UK use terms like “equity” and “collateral” that you might not fully understand… and yet there's no real explanation to be found within the advertisement. Obtaining a homeowner loan UK with good interest rates and reasonable terms doesn't have to be confusing, though… with a little bit of fact finding and comparison, your loan experience can be both easy and rewarding. What is a homeowner loan UK , anyway? A homeowner loan UK is a loan that is made by a bank or other finance company to an individual that owns a house or real estate and uses the value of that real estate to provide a guarantee (known as collateral) that they'll repay the loan. The homeowner loan UK itself can be used for a wide variety of purposes…

anything from consolidating various debts into a single monthly payment to offsetting educational or travel expenses. This versatility makes these loans very useful to anyone who owns their home and is in need of a little extra money to cover their expenses. What is equity? Equity is a measure of exactly how much money a homeowner has invested into their home or real estate. It is an indication of the percentage of the mortgage (or loan used to purchase the house or real estate) that has been repaid, and is generally considered to be the percentage of the house that the homeowner actually “owns.” For a homeowner loan UK , the equity of the property is used as the loan collateral and determines the maximum amount that the lender will allow the homeowner to borrow. The amount of equity that a person has in their home can also influence the interest rate that they're charged for their loan and the repayment terms that they're offered. How do you shop for a loan? Unless you know that you're getting the best deal on your homeowner loan UK , it's usually not a good idea to accept the first loan offer that you receive. Instead, you should “shop around”, visiting several banks and finance companies and requesting a loan quote for your homeowner loan UK . This allows you to compare the interest rates and loan repayment terms that the various banks and other lenders offer you, and gives you a chance to choose the loan with the interest rate and terms that are right for you. By shopping and comparing loan rates before committing to a specific lender, you can save both money and repayment time in the long run. -- You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

Rules for simplified employee pension plans better known as a sep plans

A SEP is a special type of IRA. Under a SEP plan the employer creates an IRA account for each eligible employee, hence the name SEP-IRA. A SEP is funded solely with employer contributions. Employees do not make contributions to their SEP-IRA retirement account. Any money that goes into a SEP automatically belongs to the employee. Thus, the employee has the right to take his SEP IRA account money with him whenever he stops working for the company. Any size business can establish a SEP, but the SEP retirement plan is utilized mostly by the self-employed and the small business with few employees. The SEP IRA rules dictate that if the business contributes for one employee, (i. e., the owner), then the business must contribute proportionately for all of the employees. With few exceptions, anyone who works for the business must be included in the SEP. However, you can exclude from participating in the SEP plan anyone who: 1. Has not worked for the company during three out of the last five years. 2. Has not reached age 21 during the year for which contributions are made. 3. Received less than $450 in compensation (subject to cost-of-living adjustments) during the year. SEP IRA contributions to each employee for 2004 cannot exceed the lesser of $41,000 or 25% of pay for W2 recipients (20% of income for sole proprietors). The SEP IRA contribution limit goes up to $42,000 for 2005, and is subject to cost-of-living adjustments for later years. SEP-IRA rules do not provide for additional catch-up contributions for those 50 years old or over. A growing number of self-employed individuals with no employees are abandoning the SEP-IRA for a newer type of retirement plan called the Solo 401(k) or Self-Employed 401(k). The two main reasons for the switch are 1) they can generally contribute much more to a Solo 401(k) than they can under a SEP IRA, and 2) Loans are allowed under a Solo 401(k), whereas loans are prohibited under a SEP-IRA. Example: Henry, age 52, a realtor received $60,000 in compensation from self-employment income in 2004. For 2004, he could contribute a maximum of $27,152 in a Solo 401(k) versus a maximum of $11,152 under a SEP IRA. However, the Solo 401(k) does not work for businesses with employees. Thus, if your company plans to hire employees or has a handful of employees, the SEP IRA may be your best choice as a retirement plan that is inexpensive and simple to operate.

Are you in the right business

Are you in the right business? - Part 1 by Polydoros Gavrilakis If you have just started out with your home business or even if you are a home business veteran, there is ONLY one very important reason that will determine your failure or success... If you are in the right business you CANNOT fail. Which is the right business for you? This depends on several things, but the first and MOST important thing you have to ask yourself about your home business is: Would you recommend the product or service your business offers to a friend or relative? What would you say if they ask you about it? Would you tell them that it is a valuable product they can use, in case, of course, they need products of this kind? or... you would just tell them that it's totally worthless, but the payplan is great...and you are in this business just to make money? Think about it, and if the answer to the last question is YES, then you are definately in the WRONG business. In other words, if the product your home business offers is not something you would recommend to a relative, a friend and/or any other person you care about, then it is NOT the right product to sell or promote. Instead, if the answer is NO, is that enough? No, there are more things you have to know to be sure that you are in the RIGHT business. Stay tuned to Home Business Opportunity News for more details next week... You are free to publish this article online or offline in any media, as long as it remains unchanged and the resource box below is included. ---------------------------------------------------- Polydoros Gavrilakis is the Editor of Home Business Opportunity News, the ad-free newsletter that delivers ONLY the quality information you need to succeed with your home based business. Get Your FREE Lifetime subscription NOW to find out a secret, but simple and secure way he's using to earn $1000s per month online: HomeBizOppNewsletter. com ----------------------------------------------------

Panama banks assets and profits growing at record pace

Introduction - At the end of May 2007 it has been reported that the Panama Banks have collective assets of over $55,000,000,000 (55 Billion dollars). This is 17% higher than the preceding year (2006). Seventeen percent is very respectable growth by any standards. The Panama banks reported net gains of $444,000,000 in the first five months of 2007. This is 19% higher than the same figure reported in the year 2006.

They are even growing in profits. This year two new banks have opened in Panama and five others are in the process of getting their doors opened now. Business is good. Discussion - This is no mystery to us. Panama is currently the most secure jurisdiction for asset protection. Panama has truly anonymous bearer share corporations and truly anonymous foundations. There is no recording of ownership for either in any database or registry.

The bearer shares of the corporations do not need to be held by anyone in particular and need not be kept in Panama and the shares can be made out in blank. The books and records for the corporation or foundation can be kept anywhere in the world. Panama bank secrecy laws are among the tightest anywhere in the world. Panama has no tax treaties of any sort with any country. Panama has no mutual judgment collection treaties of any sort for collection of any sort of civil judgment. Panama has some of the best banks in the world. People are finding out that the Switzerland of South America is actually better than Switzerland. Conclusion - We expect to see more and more banks opening up in Panama.

We are seeing floods of new accounts being opened in Panama from investors coming from many different countries. Since Panama is the number one retirement haven as well as being the number one tax haven, this means even more dollars are flowing into the banks as the people move here to enjoy their retirement years in a tropical paradise with low crime, low prices, nice beaches, good fishing and warm weather.

Why people are choosing cash gifting over mlm

MLM (Multi-level Marketing) has been the standard for online businesses for quite some years now. People are getting tired of it though. MLM has some seriously disturbing factors about it – regardless of the particular program that you may be involved in. Let’s take a look: 1 All MLM programs are based on the promotion of bogus products. You pay a monthly subscription fee for a product that nobody wants or needs and then you are stuck trying to promote it to others to recoup your investment costs. 2 Unfailingly, the only people that make money in MLM programs are those who have huge downlines. They’ve worked for years to develop these downlines. This makes it very hard for the newcomer to generate any cash at all – let alone something that they could live off of. 3 MLM turns out to be a solo endeavor. Most programs have up-lines that are either uninterested or unable to help the newcomer. That’s one big reason that over 97% of MLM endeavors fail wretchedly within the first year. Cash gifting programs eliminate all of the nonsense that you will find in the MLM programs. First of all, there is no bogus product to buy or sell. Cash gifting is about like-minded individuals giving and receiving cash. It’s about sowing and reaping. Gifting represents the timeless concept of generosity. You give to those who are less fortunate than you, and in return you recoup your investment many times over. Cash gifting is all about teamwork. Experienced mentors are in place to help you through every step of the process. These professional coaches have been where you are as a newcomer. They care and want to help you to succeed because your success is their success. Also – unlike MLM – gifting programs have well established and proven statistical success offline. This is good because when you bring in a newcomer to an online business, there is an extreme learning curve to overcome. Technology confuses many. These people are free to develop their gifting business by offline advertising mediums as well as the online ones. This enhances the individual’s ability to duplicate the proven methods of success. Cash gifting programs are becoming incredibly popular again. Even if you have been involved in MLM programs, you can offer your downline an opportunity that they can actually profit from. Constantly monitored databases ensure that the playing field is level. No one can possibly be cheated. You make an initial investment. Then it’s your turn to recoup the investment. It’s that simple! Explore the realm of gifting programs today. Eliminate the hype and drivel inherent in MLM programs. It’s all about making money, right?

Avoid the hassles of online business start up with a turn key automated home based business

Many people want to start a home business, but never do because of the hassles and start-up costs. As with any new business, a home based business can have unforeseen expenses and problems. There's also usually a waiting period of at least a year before profits can be realized. But with a turn key, automated home based business, many of these hassles can be eliminated. You can make money from home without the initial hassles of running a business.

Let's see how a turn key business works to your advantage. Eliminate Many Business Start-Up Costs Most new home based businesses will require certain start-up costs. These may include a new computer and computer desk, a printer, supplies, a fax machine, employee costs, consulting or accounting fees, a business phone, and printing costs for letterhead, envelopes, and business cards. With an online home business, you'll incur fees for new website design along with your domain name and hosting fees, promotion, and order processing expenses. These can add up in a hurry and are the main reason many new home based business owners don't make it. Why a Turn Key, Automated Home Based Business? A turn key home business helps you eliminate many of these start-up costs and some of the hassles while realizing your home business dream. You'll still have some responsibilities, of course, but nowhere near as many. Why? A turn key home business is a ready-made business that has already been tested and proven time and time again for your benefit. By the time you join the opportunity, the company has likely already tested to see what works... and what brings sales! You can enter a turn key, automated home based business with the backing of highly trained professionals who know how to guide you every step of the way. This eliminates part of the waiting and testing period for new business start-ups. You can make money from home in less amount of time while leaving the legwork to the experts. Benefits of the Turn Key Home Business There are many benefits of joining a turn key, automated business opportunity. First, you'll be able to avoid the hassles and many start-up costs of a new business. Turn key businesses usually provide a website for you, which will eliminate high web design costs. You may be required to pay a fee to receive the website and services, but much time will be saved because your website will be ready to sell. The website presentation has already been tested to bring results. Also, customer service can be a huge benefit. The company will take care of sales for you. Trained professionals will take the phone calls and answer questions. They will close the sale for you so you won't have to worry about working one-on-one with customers. Having a turn key website also eliminates many office expenses. You may still want to get business cards and promotional items, but you can eliminate phone expenses and other supplies because you won't need them for online promotions. Your main function will be network marketing through online promotion, so you can earn a healthy residual income based on your promotional efforts. The company does the selling for you once you introduce new people to your website. As with many MLM opportunities, the turn key, automated home based business uses an automated system that works around the clock selling the ideas or products available, even while you sleep. Your focus can be on promotion, not everyday tasks such as answering phones, mailing correspondence, and updating your website. So if you're worried about the hassles of starting a business, then a turn key, automated home based business may be just the right choice for you to realize wealth from home.

How to keep your laptop out of thieves hands

: Here are six guidelines to help you avoid seeing your notebook PC disappear! So there you are, rushing to catch a plane. You've got an important presentation on your laptop, along with sensitive company and personal information. And then, suddenly, it's gone. Either you've lost it, or it's been stolen. Airports and hotels are favourite places for thieves. Laptops disappear from both and that's bad enough. But often, irreplaceable data has gone with them. According to Safeware, an insurance agency specialising in insuring high-tech equipment, in the US alone 591,000 laptops vanished in 2001. None of this has to happen to you. But you have to be extra careful today.

With the increased security at airports, losing track of a laptop is easier than ever. Here are six guidelines to help you avoid seeing your notebook PC disappear — or, if it does, help you find it or get a quick replacement. Tips for Getting Through Security Checks Oddly, some airports have collected stacks of laptops. They're left behind by harried passengers in security areas. Most are reclaimed eventually. But some people never come back for their machines. Obviously, you've got to allow yourself plenty of time when you fly. When I travel, I carry my laptop in a backpack.

There's lots of room in there, and it's inconspicuous. I see fashionable businesspeople carrying laptops in expensive cases. They're asking for trouble. Those cases say, "Laptop! Laptop! Steal me!" Security people most likely will want to check the laptop. If possible, handle it yourself, rather than having them do it. Don't be afraid to speak up. You don't need your machine damaged. Be sure your battery is charged. The security people may well want to turn on the machine. Most important, don't let it out of your sight. This becomes especially difficult if you are selected for a random head-to-toe check. Once on board your flight, put the computer — safely stowed in your bag — under the seat in front of you. Try to avoid putting it in the overhead bin. Others will have more access to it there. Have Sensitive Data? Encrypt It If you have sensitive information on your computer, consider encrypting it. If you have Windows XP, you already have the tools needed. While the thief has your machine, these extra steps will make it much more difficult to access the laptop's data.

Encryption will protect your business secrets, but it won't retrieve your data. To do that, you've got to back up your information to another computer. If you run your own server, you can easily upload files to it. You don't have to back up everything on the laptop. Just copy the files you will need to the server. If your laptop should be stolen on your trip, you may be able to borrow a computer at your destination and download your important files. Finding time for backups is a pain, I know. But they can save you. Make Your MP3 Player do Double-Duty If you don't have a server, or don't want to back up to it, take a look at MP3 players. Some today have huge hard drives. They are easily hooked to a laptop through the USB or FireWire ports. The data can then be copied to the MP3 player. These things can copy any data, not just MP3s. Trace a Stolen Laptop's Location If your laptop does get stolen, wouldn't it be great if the system could do the high-tech equivalent of phoning home? There are programs that will report the location of a stolen laptop.

They work when the laptop connects to the internet. Security experts also say that engraving your name on the computer is helpful. That will make it more difficult to sell on so thieves may look elsewhere. Set a System Password Every road warrior should protect their laptop with a start-up password.

This way, a system password prompt will appear each time you start your computer before Windows even begins to load. It will prohibit any access to the computer at all. To create a system password, you'll need to access your computer's setup utility (also known as BIOS settings, which stands for "Basic Input/Output System"). Typically you do this by pressing Delete, Esc or F1 as soon as you turn on the computer. Check the manual though, as some computers are different. Consider Laptop PC Insurance If your laptop is expensive (and aren't they all?) you might want to insure it. Some homeowners, renters and business insurance policies don't cover computers, and if they do, there may be many conditions attached. Today's laptops are ripe targets for thieves. If you follow these basic guidelines along with some good common sense, you won't have to give yours up.

Get the mortgage quote your bank doesn t want you to see

Deciding to consider refinancing of mortgage for home loan is a major determination. Next key issue involved is to find ways to get profitable quotes for mortgage from banks. A thorough research of prevailing market rates is essential to obtain competitive quote from mortgage firms. Being familiar with current trends enables one stand a better chance of bargaining for lower interest charges. Mortgage rates usually increase or decrease in accordance with securities in Wall Street. A careful overview of market trends helps one save considerably on interests. Comparing different loan schemes from a particular mortgage vendor and also form different vendors would facilitate one to choose the most profitable scheme. Among major tools available in market for evaluating dissimilar loans programs is the Annual Percentage Rate (APR). Laws of the state make it mandatory to expressively disclose APR while marketing their mortgage rates. This is for the benefit of borrower and to prevent them from falling prey to lower advertised rates, and find out if there are any hidden fees and upfront costs involved later.

Personal meeting with lenders, bank officials’ and mortgage professionals’ help in getting a competitive interest quote for your loan. Being well prepared with entire documentary evidence in support of your financial situation before meeting the people at bank enhances chances of receiving lower interests. Presenting documents to support your favorable credit history would tempt bank managers to provide you with lucrative mortgage quotes. Papers essential to obtain fast and lucrative loans rates include: • Verification of employment status and proof of income sources. • Previous paid credit card bills and other similar statements to show history of genuine payments in past. • Purchase contract of the house if it is available. • Bank details such as address of bank and your account numbers are important. Also previous 2-3 months statement of current and savings account are required. • Tax returns of last two years provide excellent proof of your financial position and hence should always be carried along while visiting the mortgage professional. • Entire information about other existing debt like car loans, student loans, retail credit cards or furniture loans, if any are required to acquire mortgage deal. • Presenting any gift vouchers received from relatives and friends would encourage bank managers to have increased faith in your paying capabilities. Such gift letters ensure that money acquired through gifts belongs to the recipient and the recipient does not have any liability on such financial assets. • Self-employed individuals may present their previous year’s balance sheets and other tax statements. Another good deal is about initially locking the specific rate of interest at time of proposal that would be charged. The process of loan approval might take some time and during such a time interval there might be fluctuation in rates of interest. Getting mortgage quote fixed at time of application relieves one from falling prey to chances of higher charges being imposed at time of loan approval. Interest rates charged by bank also depend upon factors as amount of loan required, time period of loan, down payment, discount points, adjustable rates, closing stocks and so on.

How to decide on chequeing and savings accounts

Choosing the right bank accounts can be a difficult task... after all, you're making major decisions that can directly affect your finances. Unfortunately, there isn't a catch-all way to look at choosing different types of bank accounts... chequeing and savings accounts have different considerations and should be looked at from different viewpoints before making your decision on either. This article is intended to provide you with some of the things that you should keep in mind when looking for either a chequeing account or a savings account, and will hopefully be helpful in making your final decisions. Differences in Chequeing and Savings Because they deal with your money in different ways, you need to make sure that you don't look at chequeing and savings accounts as though they're the same type of account. Savings accounts pay you interest on the amount of money that you keep as a balance, whereas chequeing accounts generally do not of course, some do; others may charge account maintenance fees, however. On the other hand, cheques allow you to easily access the money that you keep in your account multiple times (until you run out of cheques or run out of money), while most savings accounts charge you fees for exceeding a certain number of withdrawals each month. It's important to keep considerations such as these in mind while looking at potential accounts... decide what you want the account to be used for and the features that will be beneficial to that use, and then look for the best account whose features meet what you're looking for. What to Look For in Chequeing Accounts In order to find the chequeing account that best suits your needs, you should look for one that allows you to write unlimited cheques while not charging you additional service charges for doing so. If possible, you may also want to try and find an interest-bearing chequeing account... though the interest rate is likely going to be less than that of a savings account, even a little bit of interest will pay you more than you had previously. You should also make sure that you know whether your cheques are provided by the bank, or whether they have to be purchased separately. What to Look For in Savings Accounts One of the most important things to look for in a savings account is the interest rate that is paid on your account balance. Take the time to shop around at different banks and compare the interest rate that each offers, making sure that you're also finding out additional information such as the number of withdrawals allowed each month and any other fees or charges that might be incurred with the account. You may also wish to find out whether or not the account can be linked to a chequeing account to help you avoid overdraft charges, or if the savings account that you're considering offers additional features that you might not initially be aware of. Accounts at Multiple Banks Just because you have an account with one bank doesn't mean that all of your accounts have to be with that same bank. Feel free to shop around at different banks and open accounts at more than one of the banks in your area. You should check with the various banks that you're considering and see whether they offer any bonuses for loyalty of having multiple accounts with them... not all banks do, but those who choose to offer them can make your banking experience much more pleasurable. You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:

Sales territory management how to prioritize your activities to produce maximum results

How you prioritize your sales territory management activities depends upon whether you are managing a territory that has existing customers, or whether you are building your customer base from scratch. If you manage a territory that has existing customers, your first priority should be to introduce yourself to every single one of your customers. This should be a pleasant, low-key introduction along the lines of, "I just wanted to introduce myself and see if there is anything I can do to help you." Then, as you are chatting with your customers, you can ask, "Would you mind sharing with me how you think my company's relationship with you has been going so far? What have we been doing well? Where could we improve?" Collecting this kind of feedback is a great way to start relationships with customers. It also helps you draw any festering problems out into the open. If you can address the problems quickly, it can really jump-start your relationships with the affected customers. This same approach can also be effective for customers that have been reducing their purchases from your company over time, or customers that have stopped ordering completely. It is never much fun to listen to people complain. But, if you can isolate and solve the problems that are causing the dissatisfaction, you can produce a rapid and substantial boost in sales. If you find customers that are really happy with the service your company has provided, drill down (with more questions) to determine just what has made them so happy. Their answers will provide you with a template for successfully managing their (and other) accounts. Also, ask these happy customers for referrals...regardless of whether you have contributed in any way to their happiness! Happy, satisfied customers are usually delighted to share their positive experience with others. Once you have met all of your existing customers, the next step is to identify target prospects in your territory. Start by checking with your manager. If they have been managing your sales team for any period of time, they should be able to suggest some good target prospects. Once you have compiled a list of target prospects, determine which ones you will pursue first. Which target prospects have the greatest potential to purchase the largest amounts of products and services? Which ones are likely to be "quick closes"? If you have both types of target prospects on your list, pursue several of each type at the same time. In the words of a well-respected executive that I used to work with, "Elephant hunting is great...but those rabbits sure taste good in between the elephants!" When you are ready to begin pursuing your target prospects, start by asking your existing customers whether they know anyone that works in the target organizations. If they do, ask for referrals. Once you have exhausted available referrals, proceed with the other activities in your prospecting plan - but tailor these activities to attract the attention of your target prospects. Conclusion Effective sales territory management begins with touching base with EVERY SINGLE ONE of your existing customers. Ask questions to gauge their satisfaction with their relationship with your company. If they identify any problems, work aggressively to solve these problems as your first priority. If a customer expresses happiness and satisfaction, ask questions to determine what your company has been doing RIGHT. Use this information to create a template for managing all of your accounts. Also be sure to ask for REFERRALS, both in general and to specific target accounts. Exhaust these referrals before you begin the other (less productive) activities in your prospecting plan. Prioritize your activities as described in this article, and you will maximize sales growth in your territory!

Top ten reasons to create a one page business plan

1. Choose opportunities more wisely and waste less time because I have my plan in place (P 6) 2. A single page can contain all the elements you need to tell your employees, board of directors, potential partners or banker where you are taking your business and how you are going to get there. (P 17) 3. The most important reason to have a business plan is to clarify your thinking, regardless of the size of your company (P 18) 4. It facilitates creating and analytical thinking, problem solving, communication, and teamwork. (P 18) 5. It creates hope and enthusiasm about the future. (P 18) 6. It also brings out procrastination, frustration, differences of opinions and possibly anger. (P 18) 7. Somehow writing initiates the transformation from idea to reality. (P 21) 8. The written word produces a contract with yourself that results in immediate action. (P 21) 9. Writing allows others to participate in your dream and give you feedback (P 21) 10. Because your coach, consultant, business builder strategist, friend, relative tells you that one of the top reasons businesses fail is a lack of planning! That's why! Quotes 1-9 are from the One Page Business Plan Book, by Jim Horan. For more information on the One Page Business Plan, visit http:// coachmaria. com/events/onepage. html.

Should we believe the experts part i

: Why do we use experts? To predict the future. Consider a patient who is asking a physician about the future effects of a certain drug, or the investor who is asking a stock analyst about the future prices of a certain stock, or the manager who is asking a human resource manager about the future performance of a certain candidate, or the brand manager who is asking a market researcher about the future sales of a certain new product. Should we believe these experts? History tells us that accurate predictions of the future are rare. Many examples exist where the brightest and most qualified individuals failed to see the future. This series of articles presents examples from the arts (see part I), business (see part II), and science (see part III). Should we believe the experts in the arts? D. W. Griffith is regarded by many as one of the greatest filmmakers of all time. More than anyone of the silent era, he recognized the potential of movies as an expressive medium.

During that time, his achievements were momentous. In 1915 he finished the feature “Birth of a Nation,” regarded as the first masterpiece of cinema. In 1919 he finished the movie “Intolerance” (1919), which marked a new standard in filmmaking. His next two movies, “Broken Blossoms” (1919) and “Way Down East” (1920), sealed his reputation as America’s preeminent director. According to James Agee, "To watch his work is like being a witness to the beginning of melody, or the first conscious use of the lever or the wheel; the emergence, coordination, and first eloquence of language; the birth of an art: and to realize that this is all the work of one man." The great silent movie actor Lillian Gish called him "the father of film" and Charlie Chaplin called him "the teacher of us all." During the same time, D. W. Griffith also exhibited superb business instincts by founding the United Artist production company together with Douglas Fairbanks, Charlie Chaplin, and Mary Pickford, the three greatest performers of the day. However, from the mid to late 1920s things began to change. His intuitive powers started to wane. In 1924, at the age of 49, Griffith wrote in an article published by the Saturday Evening Post, “We do not want now and we shall never want the human voice with our films.” Only three years later, in 1927 the first talking movie, “The Jazz Singer” with Al Jolson was released.

The reaction of the public to the movie was astounding. The picture was a sellout, one of the big box office hits of all time. In October 1930, the Fortune magazine wrote, "The advent of American talking movies is beyond comparison the fastest and most amazing revolution the whole history of industrial revolutions." Griffith’s failed prediction was only an early sign of his now chronic misguided intuition. From the late 1920s, Griffith's movies were slowly sinking into oblivion. In the glitter of the Jazz Age, his filmmaking was considered hopelessly old-fashioned.

His last picture, “The Struggle,” was made in 1931 and played in theaters for merely a week before being withdrawn. On July 23, 1948, Griffith died in a small Los Angeles hotel virtually forgotten by the industry he helped build. What was the cause of Griffith’s transition from great intuition to misguided intuition? One of the most common causes of misguided intuition, and therefore, the limited success of experts in predicting the future, is the “situation bias.” Experts, like all humans, tend to imagine future technologies as an extension of current technologies. The bias grows stronger when the individual has a vested interest in the current technology and is concerned that the new technology will diminish the popularity of his or her prized, older technology.

Griffith was a master of the silent movie. His skill in eliciting powerful reactions from the audience without resorting to spoken dialogue was legendary. This unique skill was the reason for his downfall. It distorted his intuition and prevented him from foreseeing the potential of the human voice in movies.

How is this example related to qualitative research? The situation bias is especially strong in manual interpretation of qualitative data. During such interpretation, the analyst shows a strong tendency to look for the familiar. Pat Bentley from Apple emphasizes this point: “When you analyze the respondents’ answers manually you look for repeats, things that sound important either because you heard them before or you’re looking for them yourself; therefore, they make sense to you.” Do you want to observe your own situational bias? Go to http:// computerintuition. com/Question1.htm and follow the instructions.

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