Upper Saddle River, N.J. - September 2004 - Compensation Resources, Inc. has released the results of its 2004 Turnover Survey. The purpose of this study was to obtain turnover statistics and trends. Data was compiled from survey questions that were developed by CRI and distributed to companies in over ten industrial classifications, in addition to Not-for-Profit organizations. The survey sampled turnover data from a variety of organizations,...more
Upper Saddle River, N.J. - December 2004 - Compensation Resources, Inc. has released the results of its 2004 Year-End Compensation Survey. The purpose of this study was to obtain compensation data used for trending and planning purposes at companies of all sizes and shapes. Data was compiled from survey questions that were developed by CRI and distributed to companies in over 14 industrial classifications, in addition to Not-for-Profit...more
Why real estate, or why property, some people ask when looking for an investment. Well, as far as I am concerned, real estate/property investment is, and always has been, the most powerful type of investment for building wealth. It has been said that over 90% of the world's millionaires got there by owning property. The reason property is such a powerful way to build wealth is due to one key concept: leverage.Once I realised this, I didn't look back. Now if you are an experienced investor this may be obvious, but for the benefit of those who haven't seen the light, let me explain ... Leverage is your ability to magnify your returns by using other peoples' money (in this case, it's usually the bank's money).To give a clear example, say you have £20,000 to invest. This can be a lump sum or by releasing equity in your main residency.So what is the best way of investing this money?Option 1 Stick it in your local bank - by some considered the safest option, "at least you can't lose it, and you get some guaranteed increase in value" usually goes the argument.Money in the Bank - assumed return: 4% Now £20,000 1 Year £20,800 5 Years £24,333 10 Years £29,605As you can see, after 10...more
Happy NEW YEAR!!!!! I hope you rang in the New Year with your loved ones and I pray that you had a wonderful time doing it. As the New Year approaches, how do you plan to take your business to new heights? Will you cut out unproductive products, services, and marketing tactics? Will you finally have set hours? Will you advertise more and where?...more
It's early January as I sit down to research and write this newsletter. I launch my web browser, surf over to MSN.com, surprised to find the feature article displaying a picture of Santa Claus with the caption "It's not too late to have your presents arrive on time." Somebody's been procrastinating - either Bill Gates or me (maybe I didn't refresh...more
What does it mean to refinance? Why would someone want to refinance? There are many cases when a person would refinance. When we use the term refinance, we are typically referring to a loan such as a car or house loan. It may also be a business loan. For the purpose of this article, we are going to discuss the home loan but most of the same rules of refinancing apply to other types of loans as well. Refinancing your home can be defined as the process of applying for a new mortgage, and using the money you receive to close out your older mortgage. Many homeowners already take full advantage of this, because they are sometimes able to find a mortgage loan at a better interest rate. With the help of this, they can pay off their mortgage much sooner, and ultimately have a lower amount to pay back. Because a refinance plan essentially amounts to taking out a new mortgage and closing out the former mortgage, the steps involved resemble those involved in taking out your original mortgage. It is important to bear in mind therefore that the process will likely involve at least some of the same expenses, because of this. But considering the vast amount of money that refinancing can save you,...more
It's the time of year when calendars crowd out the books and magazines in bookstores and are even on sale at reduced prices. But there's a special kind of calendar that all good public relations professionals use - the editorial calendar. According...more
Ok, you say, I know I need a budget, but how do I prepare one? The most common budget period is one year, but this can vary depending on whether or not your business has seasonal or cyclical fluctuations. For example if you run a Christmas...more
For those of you who were not psychology majors the "psyche" is someone's mind. What motivates them. What are they thinking. How can you better understand them. All of which is important to those of us in lease purchasing. In fact, it is important...more
Got a huge need for publicity and a tiny publicity budget? You don't need to have a Madison Avenue-sized advertising budget to make your name known. Here are five ideas to help you promote your company:1. Write a column. Go to a local paper, no...more
Are you ever frustrated or hesitant when you talk to prospective customers because you can't readily explain why they should come to you rather than go to your competitors? Sure, you might have your 30-second elevator speech, but then they ask you...more
What is a portfolio and do I really need one? A portfolio is simply a group of investments held by an investor. It's a very carefully chosen selection of businesses and generally, yes; it's a good idea to have one. Let look at it this way. Imagine...more