Archive for December, 2011

Bank managers have a habit of writing nasty letters when they are owed money and only get excuses instead of payment, from their clients. If you have received such a letter then you may be upset and feel that your banker is being totally unreasonable by being so pushy. However, remember that he has someone higher up sitting on his back, so you can’t really blame him for doing his job and chasing you for what you owe, can you?

But, it’s not very pleasant when a crisp white envelope marked “Private and Confidential” lands on your desk and you’ve a pretty good idea what it contains. “Dear Mr. Businessman, it has come to my notice that you have exceeded your overdraft limit once again and I must..”. Panic! What do you do now?

The secret to keeping a friendly relationship with your bank is to keep your account in credit, or at least within the borrowing limits you agreed with them. Easier said than done in these difficult times, so where will you find the money?

The answer is there, right under your nose. Your account customer’s have it sitting in their banks! How much money have they borrowed from you and are now very reluctant to pay back?

“Borrowed?” you say. “I haven’t loaned them any money”.

Oh yes you have. When you allow them credit for goods or services you have supplied, you are in effect loaning them money, your money interest free. The (loan) terms are that they pay you at an agreed time as set out in your terms of business, but how many keep to that agreement? Not all, and that is where you will find the extra money to keep your bank manager sweet.

The very day after the agreed date for settlement is the legitimate time for you to chase them for your money and, if they haven’t paid, chase them hard. Your bank manager won’t hesitate to chase you for what you owe him, now it’s your turn.

What’s that? You don’t want to upset a good customer? How good is a customer if he owes you money by constantly not paying his account on time?
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The draw towards this industry is the multimillion-dollar campaigns, and the glamour surrounding the promotion of products and the clients it represents. According to the Bureau of Labor Statistics ( http://www.bls.gov/ ), non-supervisory workers in advertising and public relations services made $633 a week on average in 2004. Companies in the advertising and public relations industry arrange advertisements for other companies and organizations and propose campaigns to encourage the interests and image of their clients. This industry also includes media representatives, radio, television, and the Internet. It also includes display ads, direct mail, billboards and other tangible media. The demand for educated advertising professionals is on the rise as technological advances give advertisers more options for the media on which they advertise.
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Okay, a couple of things need to be said before I get down to business. First, it is important to me that I try to practice what I preach as much as possible. This is not always the case and for that I am at times unhappy with myself. With that in mind, I am a person who believes in open communication. I don’t like hidden agendas. I also believe in the goodness of people and try to give people the benefit of the doubt. Also, I believe that in order to believe in people, risks must be taken in order for mutual respect to have an opportunity to grow. With that in mind I am going to take a risk and hope that no one abuses it, but respects a goal of mine and tries not to undermine it.

The goal: I want to invent a word and have it accepted into the Oxford English Dictionary. There are a few criteria that need to be met to successfully enter a word in the OED, which you can check on for yourself, but I think that I have my strategy and word all ready. What I’m trusting is that what I’m about to share will not be taken by someone else, thus supplanting a dream I’ve had for a long time. I’m going to tell you my idea and I hope that you appreciate it, but that it remains my idea to pursue and turn into a reality.

One of the criteria for the OED is that a word with a similar definition does not exist. Or in other words, there must be need for the word. That’s tough, but I think I have it. The English language has no word that means “A person or thing that is one’s least preferred. A person or thing that is one’s most hated.” This is essentially the opposite of “favorite”. We can get the idea across, but we have no single word that encapsulates “most hated” with the efficiency that “favorite” has for “most preferred or loved”. The word I think can solve this linguistic gap is “malrite”.
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Most states make forming a corporation relatively painless by providing forms for practically everything. The bylaws of the corporation, however, are an area you don’t want to rely on a form.

What Are Bylaws?

Bylaws are the technical rules that govern how a corporation will be run. They are a private document for the corporation and are not filed with any government entity. The purpose of the bylaws is to set out how things such as meetings, voting and share transfer will occur with the business.

Provisions

Typically, the bylaws will be the biggest document in your corporate book. If you are a single shareholder entity, they tend to be fairly straightforward since there isn’t really any dispute possibility unless you have a split personality. If there are two or more shareholders, however, the document is going to be a key item because it is going to detail voting rights and so on.

Typically, the bylaws of a corporation will cover the following specific issues:

1. Board of Director Meetings – When, where and how meetings will be conducted.
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