Superior business leader and American investor Warren Buffett is often called "Oracle of Omaha" or the "Sage of Omaha" and philanthropist. (Wikipedia, 2007) Buffett is the CEO, and the biggest shareholder of the Berkshire Hathaway Company. Buffett's has an estimated current net worth of approximately $52 billion in US funds. Forbes Magazine ranks Buffett the third richest person in the world in September 2007 behind Carlos Slim and Bill...more
People are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system.To paraphrase Alan Greenspan's remarks on March 17th, 2008, "The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War. The crisis will leave many casualties."How many casualties? Experts are predicting that in the next few years, between 15 and...more
For many people, even those with good spending habits, creating and sticking to a budget may seem like a significant challenge. Learning to budget wisely, however, isn't just a tool for getting by from month to month. Good budgeting is the first step towards financial stability, both now and in the future.Before getting started, it's important to recognize that creating a personal budget can seem overwhelming. Coming up with an effective plan requires taking a clear, serious look at your existing financial situation. Skipping or glossing over this step may be tempting, but this choice most often leads to budgets that are just ineffective. When it comes to sticking to a budget, life inevitably gets in the way, and when an unexpected expense arises budgets can quickly lose priority. This ultimately defeats the purpose of a good, workable budget; leading to overspending that lays the groundwork for future financial difficulties.Creating an effective budget doesn't have to be difficult. The key, as in most every worthwhile endeavor, is proper planning. After putting a good budget in place, the next step is committing to reach clear, realistic budget goals. Here are a few tips for...more
Obviously, when it comes to credit card debt, the easiest answer for "how to get out of it" is simply to pay everything off. Unfortunately, everyone isn't in a position to do something like this, especially those with extreme credit card debt. Getting out of credit card debt isn't something that isn't far fetched, and you can actually make it...more
Does listening to the news or reading the newspaper make you feel scared? Does walking to the mailbox invoke feelings of gloom and doom? Do you walk around the majority of the day feeling anxious and afraid as if waiting for the other shoe to drop? The current state of the economy is the topic of discussion today and every day. It invokes negative...more
Sources for goods in ChinaFirst establish who the supplier is! It seems obvious but there are many routes to buying products in China through agents, trading companies, wholesalers and factories or any number of "back door" sources. Agents operate on a commission basis whilst trading companies include costs in the quoted price, most wholesalers and factories do not have export approvals so have to operate through a registered agent or trading company to export to you at all. In my experience almost every sales person that I have met in China who is not the owner of the business has shown interest in either setting up on his own by "stealing" his employer's customers and product designs or simply doing his own deals on the side through friends, contacts or family.On the internet there are many scams and dubious "traders". But accepting that you are lucky or diligent enough to find a legitimate agent/trading company, you will find that Chinese business ethics are very different. Most Chinese friends and contacts, that I have spoken to on the subject, believe that "cheating" is the name of the game for people in business. Negotiating the price is an art form poorly practiced in the...more
Payday Generator is a new company with a product built for this economy. This business is marketing a travel membership second to none. Consumers can now save hundereds of dollars at week long luxury condo stays. The best part is, this unique travel...more
The economy is in its worst shape in over 60 years. At this difficult time, does your company have the energy and drive it needs to compete successfully? Some indications that your company needs a strong dose of "Viagra" include: Soft Sales - A...more
"Conviction is a belief you holdÂ… and it holds you."Bobby AllisonEntrepreneurial titans envision dominating an industry. Walt Disney, Howard Schultz, Bill Gates, both Watsons, Coco Channel, Bill France, Sam Walton, and Henry Ford didn't just rise to...more
Investing has become increasingly important over the years, as the future of social security benefits becomes unknown.People want to insure their futures, and they know that if they are depending on Social Security benefits, and in some cases...more
Talk about a great career. Being an Independent Field Inspector is an amazing business to be in. Not only do you have the freedom to do what you want, but you also have the time to do it when you want. What is "it"? Going shopping, golfing, exercise,...more
If you've been selling on eBay for some time, you probably have a list with a few hundred or even a few thousand customers. Have you done anything to market to these customers? It's been said that obtaining a new customer can cost over 5 times what...more