I'm sure most of you have heard of, and perhaps read the book "Rich Dad, Poor Dad" by Robert Kiyosaki. If you haven't read it yet, I highly recommend it along with his book "Cashflow Quadrant." Both of the books are simplistic and introductory by design. But there are some important concepts that Kiyosaki highlights that are fundamental to accumulating wealth. Here are a number of Power Affirmations that I have created based on studying his...more
Perhaps the primary message of Rich Dad, Poor Dad is increasing basic financial literacy. Perhaps I should say financial literacy for the common man and woman. The reason I say this is because the principles taught in the book are very simple--the fundamental personal finance. Some people may even say the what Kiyosaki teaches is dangerously simplistic. I think those people are missing the point. While it is true that if you want to build...more
BPO is probably the future winning solution for aggressive company, pursuing its principal business goals and outsourcing its classic business procedures with cost reduction and efficiency increase Business Processes Outsourcing means AR/AP documents entry, processing (such as checking, approving and posting), financial reports, tax filing docs preparation at offshore contracted facility. Consider these advantages of BPO: Software Licenses and annual maintenance cost reduction - software licenses cost is lower in offshore countries Lowering IT department headcount and cost - if ERP system is hosted and supported offshore - your BPO contractor bears its IT support burden AR/AP/Accounting departments headcount and cost reduction - as majority of documents are entered by your BPO contractor clerks Usually IT/AR/AP departments have historical inefficiencies - most of the docs entry procedures were designed a while ago and probably need revision. The same should be said about IT departments - if your business has 10 or more years of history - it is good to revise your computer business systems. This revision is a side effect (and normally comes as free or low cost benefit)However BPO...more
To release creativity in employees, managers must get involved in their employees' work. Look at each employee as if he or she is the expert on the job and tap into their creative energy.We've learned that we can use the energy of the wind and the sun. We've also learned to harness energy stored in the form of coal and oil. Creative energy, like...more
Preventing identity theft is never foolproof but here are some good tips that will make it more difficult for anyone to steal your personal information.The first and most important step for preventing identity theft is keeping a close watch on all of your personal information and your credit report.Check your credit reports from all three bureaus...more
We are surrounded by so much paper and card that it is easy to forget just how complex it is. There are many varieties and grades of paper materials, and whilst it is fairly easy to spot the varieties, it is far more difficult to spot the grades. It needs to be understood that most paper and card is manufactured for a specific purpose, so that whilst the corn-flake packet may look smart it is clearly not something destined for the archives. It is made to look good, but only needs a limited life span. It is also much cheaper to manufacture than high grade card. Paper can be made from an almost endless variety of cellulose based material which will include many woods, cottons and grasses or which papyrus is an example and from where we get the word 'paper'. Many of these are very specialized, but the preponderance of paper making has been from soft wood and cotton or rags, with the bulk being wood based. Paper from Wood. In order to make wood into paper it needs to be broken down into fine strands. Firstly by powerful machinery and then boiled with strong alkalies such as caustic soda, until a fine pulp of cellulose fibres is produced. It is from this pulp that the final product is...more
Have you heard the story of the monkey trap?It's said to be true, and goes like this: In tropical countries, hunters used to capture monkeys with a simple but effective trap. They placed a banana or something sweet inside a basket, and anchored the...more
Modern business faces complex problems; management often calls upon highly-specialized consultants to help them address these difficult problems. If you're ever called to help identify these most pressing issues, one of the easiest and quickest ways...more
Almost all of us go to work everyday and do the same routine over and over again. We work so hard until we caught up in the routines for years. With the salary that we earn every day, we try to pay all of our bills. We always expect to get a higher...more
Anyone who runs their own business can tell you how challenging it is to generate business leads on a consistent basis. Finding good leads and generating more sales is vital to the long term growth of any business. There are many well documented...more
Buying a home remains the great American dream. Home ownership rates have been exploding in recent years, spurred on by the historically low interest rates in the home mortgage market. Home prices have been rising at far faster than inflation,...more
One of the decisions that all businesses have to make not long after starting up is when and if to register for GST.The first consideration is do you have to register? In New Zealand, the threshold is turnover or sales of $40 000, while it is $50 000...more