I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages. A company was announcing the availability of 40 year mortgages for its customers. The stated purpose was to lower the monthly payments to make buying a home more affordable. Whenever I hear the phrase "more affordable", I put my hand on my wallet because the attempt to empty it will...more
Reducing debt usually isn't a high priority for people until they have already gotten into trouble with overspending. Using a few basic guidelines, and debt calculations, can help you see when your debt load is getting into the danger zone. Budgeting Guidelines Creditors use budgeting guidelines when reviewing and approving credit. If your debt exceeds the financial communities recommended guidelines, then you have a higher risk of credit...more
Geshe Michael Roach is a Princeton graduate and a Buddhist monk. After graduation, he spent seven years studying the wisdom of Tibetan Buddhism. At the suggestion of his teacher, he joined a fledgling diamond business in New York to test his ideals in real life. He stayed with the business as a member of the core management team for seventeen years. The company grew from a start-up with two owners and two employees to $100 million in sales and five hundred employees in offices around the world. The Diamond Cutter: The Buddha on Strategies for Managing Your Business and Your Life tells the story of how Geshe Michael Roach built the diamond division of this company, using principles culled from ancient Tibetan Buddhism as the driving force behind his decision making.Drawing on lessons he learned in the diamond business and years in Buddhist monasteries, Roach shows how taking care of others is the ultimate path to taking care of oneself, even--especially--in business. As he puts it, you have to engage in "mental gardening," which means doing certain practical things that will form new habits that will create an ideal reality for you. If this sounds a little outrageous, his very...more
Generosity, which includes the free, no strings-attached sharing of resources, money, and information among people, is the seed of prosperity. What was the initial seed planted that caused the "Silicon Valley Miracle" No, it was not the invention of the oscilloscope by David Hewlett and William Packard, but, rather, an act of no-strings attached...more
Silicon Valley: a parableWe have all heard about the "Silicon Valley" miracle. Not long ago, Silicon Valley found itself at the centre of the world, a job- and money-making machine fueled by the popularity of the Internet and technological innovation. Those days are a distant memory now. Now, the Center of the World has become a technological Rust...more
The old and standard business administration concepts included in any current MBA program are very important, but today the companies are very different.This new situation strong demands a new MBA program including the General Control Theory, the control engineering, the new business technologies, the Management by Exception concept automated by computer systems, the Feedback Control System and several other subjects like Internet Marketing & Sales.As we know the CIO is the abbreviation of "Chief Information Officer" and is a new professional, usually between the CEO and the other Directors including the IT Director. He don't replace the IT Director, with the exception in small companies.A CIO Chief Information Officer has entrepreneurial experience and at the same time technical experience in Information Technologies. The entrepreneur usually has only the entrepreneurial experience and the IT manager has only on technical matters. However business is more and more the information system and the information system is more and more the business. The companies are more and more electronics, as for examples the ERP Enterprise Resources Planning, the CRM Customer Relationship...more
Many professional organizers don't leave either home or office without one tool. What is it? Drum roll please The answer is a labelmaker. "Most organizers favorite tool is the electronic labelmaker," confirms Diane Hatcher, president of Timesavers...more
Halloween costumes are a scary thing for many this time of year. It is also frightening to know your business or commercial property has potential for being victimized. Here are 10 prevention measures to keep property safe from those things that go...more
What's more crucial to the success of a business, non-profit or association than its most important outside audiences and stakeholders? Nothing. Those stakeholder behaviors directly impact virtually every management and operating activity of the...more
As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this 'power team'? A power team is a group of people without whom successful real estate investing becomes very difficult, if not...more
Financial Success-The Secrets Of Financial SuccessAfter speaking with a gentleman this morning, hearing his excuses or so called reasons for his lack of financial success, I realized that the majority of our population is broke only because they lack...more
The Better Business Bureau recently issued a national alert to warn consumers and businesses about two questionable operations that are falsely using the BBB name to scam victims. One business is perpetrating an advance fee loan scam that targets...more