What we can do is make the most of the time we have. Here are some simple steps you can take to get the most out of your day.

1. Plan your day the night before – At the end of each day write out all the things you need to do the following day to achieve your goals. Pull together all the information you’ll need, phone numbers and relevant paperwork.

2. Prioritise the list – Number each item and do the nasty jobs first. There’s always the temptation to do the easy jobs first. However, think how the thought of doing the nasty jobs hangs over you as you do the easy stuff. Think how good you’ll feel when the nasties are out of the way and how motivated you’ll feel.

3. Stick to your list – Tick off each item as you go and don’t let yourself be distracted. The temptation is to handle the telephone and e-mails as they come in. The phone is hard to ignore but you could always pull out the plug and let it go to voice mail and switch off the email program. Make an agreement with yourself to check for messages every two hours or so.

4. Remember the Three “D’s” – Do it, Delegate it or Dump it. Handle each piece of paper only once. Either do something about it now, delegate it to someone else or chuck it in the trash. And remember – “Only do it if only you can do it.” 5. Don’t procrastinate – Procrastination really is the “Thief of Time” It’s so easy to put things off till another time or till “I’ve had time to think about it.” DO IT NOW!

6. Plan your leisure time – Take up activities that need you to be at a certain place at a certain time. Instead of just “going to the gym,” book a fitness class or an appointment with a personal trainer.

7. Be honest with yourself – Keep asking – “Is what I’m doing now getting me to where I want to get to?” if the answer is “no,” change what you’re doing.

This is the easiest way to more out of your day and more out of your life.

7 Simple Steps to Get More Out of Your Day is a post from: SCU Dili Business Tips

The audience is composed of ninety men, all prisoners in a federal maximum security prison.
One more thing – you’re a woman.

For three years, Alicia volunteered every Thursday at FCI (Federal Correctional Institute) in Bastrop, Texas-
I used my skills as a corporate trainer to help these men learn to shift their perspective on themselves and the world.
Along the way the prisoners taught me as much, perhaps more, than I taught them.
In my training business, I use games as a way to break down barriers and shift perceptions. What I came to realize is that your behavior in a game is an exaggerated reflection of your behavior in real life.

Games are an opening to behave true to our natures, to react immediately rather than with a careful response. Depending on the other players, we may monitor our behavior less in a game than in the real world, but we aren’t acting differently. In a game there are no emotional holds barred.

In a game, we are allowed to be more right brained than logical. After all, It’s only a game.

Saying something is only a game tends to trivialize its importance. Precisely because we view it as trivial, and of no importance, we can give ourselves permission to let our true natures out.

When we floated this idea before a number of colleagues, several of them told us stories of self-discovery. One woman, a very sweet and kind person in real life, was known as the enforcer when she played hockey in school. Another shared that, when she plays a game against total strangers she becomes brutal and highly competitive.

So if our true nature comes out in a game, what can we do with that information?

Can we transform situations so that we can be true to our nature? Can we make a game out of real world situations to allow our true nature to flourish? The obvious example is to view business as a game to be won. This implies competition and a winner take all attitude.

Yet Covey and others have told us about creating win-win situations. Is there such a thing as a win-win game – a game where everyone wins, where no one loses? Can you devise a game where you can put your competitive streak toward a larger goal? Can the proverbial pie be made larger? As someone said to me, to transform from me winning to we winning.

What’s the name of the game? Win as much as you can!

Who’s responsible for your score? I am!

The game Alicia played with the inmates was called the handshake game. She had them pair up by size, height and weight and explained the rules. We’ll play the game for 45 seconds. You get one point when your hand taps his hip; he gets one point when his hand taps your hip.

The vast majority of the pairs had a combined score of 0 points. A few pairs scored in the 10 – 20 point range.

But one pair scored 260 points.

The high scorers had realized that the name of the game and scoring responsibility did not define a win-lose (or zero-sum) game. That is, one person did not win at the expense of the other.

Of course, the entire thing was a set-up. Alicia paired them up by size, height and weight to set the expectation that it was an evenly matched contest. She got them chanting to get their excitement up.

And she neglected to tell them that the pair was a team and the team members’ scores would be combined.

Deliberately I didn’t tell them they were supposed to cooperate with their partner. I also never told them who the competitors were.

We all know that a formal team must cooperate to win. The revelation here was that by cooperating they could maximize their individual scores.

What’s the name of the game? Win as much as you can!

Who’s responsible for your score? I am!

The rules say nothing about preventing the other person from getting a high score. The pair who got it quickly settled into a rhythm of one for you and one for me. And they could have kept that up for as long as the game ran. Meanwhile, the other teams were struggling and would have exhausted themselves long before the winners did. And, when the few teams who did spot the pair who got it there were charges of cheating leveled at them. We saw what they were doing but thought they were cheating or didn’t understand the rules.

The cooperation – competition confusion is nicely summed up in the concept called the prisoners’ dilemma. Two people are arrested for a crime and there is enough evidence to put them both in jail for 1 year.

The police keep them isolated from each other and offer each the same deal: If one of you talks and the other does not, the snitch goes free and the other one gets 3 years. If you both talk, you both get 2 years.

The partners can work together (by staying silent) and both get only a year in jail. By both defecting from the partnership to work with the police they will both get 2 years.

A single defector will go free while the one who cooperated gets 3 years.

The dilemma is formed by pitting trust against greed. The temptation of greed combined with a habit of competition blinds us to a different perspective.

But don’t think that only prisoners are subject to this. When Alicia has had groups of corporate executives play this game, they fall into the same behavior pattern as the prisoners. In fact, in some corporate sessions nobody gets it.

There seems to be a dichotomy between competing and winning. The idea of cooperating to win seems odd. In fact, we see other players complain that the ones who get it are cheating!

What you do depends on your view of the game. If the game is seen as a one-time event, why not be brutal – there will be no consequences. But if this event is one in a series, then cooperation is clearly the better long-term strategy, if only because there will be a chance for the other to get even.

In studies of prisoners’ dilemma style games (played for points and not reduced jail time) the players eventually settle into a strategy dubbed tit for tat. Their actions are saying, If you cooperate last time, I’ll cooperate next time. If you defected last time, I’ll defect next time.

Using the word defect helps us see the shift – the opposite of cooperating (working on the same side) is defecting to the other side.

The desire to compete and the desire to win are not the same.

Game terminology (strategies, tactics, moves, etc.) is often applied to serious parts of life. Because the word game has a connotation of triviality, we sometimes bristle at its use to describe the things that mean the most to us.

What if we kept in mind that ‘it’s all a game’ – would we behave differently?

Philosopher James P. Carse writes in the first chapter of Finite and Infinite Games, There are at least two kinds of games. One could be called finite, the other infinite. A finite game is played for the purpose of winning, and infinite game for the purpose of continuing the play.

The book’s subtitle is A Vision of Life as Play and Possibility. His premise is that a game is about the relationship between the player.

In the book he characterizes two types of players. Finite players play within the rules, infinite players play with the rules. Finite players play to end the game (with their victory), infinite players play to continue the game (by whatever means they see fit). Finite players play to win, infinite players play to keep playing.

The players who get it are playing with the rules looking to transform a finite game into an infinite one.

If this article has intrigued you we encourage you to look at the various games that you are playing and with whom. Who are your teammates and what kind of game are you playing? With increased awareness of our behavior, and the behavior of others, we are able to create a win as much as WE can mentality.

Copyright 2004 Alicia Smith Consulting & Training. All Rights Reserved.

Games are a Reflection of Behavior as Told by John Satta is a post from: SCU Dili Business Tips

A lot!! – I know that because people so often tell me that is so at seminars.

Well what if I could show you simple way to encourage people who are interested in your products to want to buy, whilst making sure that people who are not interested don’t feel sold to. Would that be of interest to you?

OK – but please do not be deceived by the simplicity of this idea. I guarantee it will totally transform your networking skills and increase your sales.However whilst the idea is simple it does require a complete shift in your thinking and that may be much harder to achieve.

When you meet someone for the first time they will usually get round to asking “What do you do?”But how do you answer?

Most people in my experience answer with a job description “Im an accountant, a lawyer, sell furniture, design web sites, run a beauty salon” etc. And often thats the end of that conversation.

Yet every time you meet someone there is a possibility that they may be a potential customer or they may know a potential customer.Unfortunately we often fail to discover that because we dont talk about business, because we feel uncomfortable about “selling.”

Of course there is another response I sometimes receive – It’s called an “Elevator Pitch,” and I am not a fan.If you have ever attended a speed networking session you will be familiar with this approach. Essentially an elevator pitch is a sixty second sales pitch, so called because screen writers used to jump into an elevator with a producer and pitch their idea before the doors opened at the next floor.

If I ask “what do you do” and get a sixty second sales pitch, I spend the last thirty seconds looking for an escape route. I don’t like being sold to! And nor do most people in my experience

However it is possible to invite people to talk about our business in such a way that they do not feel we are trying to sell them something. Instead of talking about your product or service which means selling, tell them how you help people.

I have different responses depending on who I am speaking to for example “I specialise in helping small business owners to attract more customers” or “I specialise in helping women in business to become outstanding public speakers”. And I finish with “do you know anyone that would be of interest to?”

Now if you are a small business owner or a woman in business would you want to know more if I said that?Of course you would. Often people respond immediately asking for more information indicating that they would like my help. If they dont respond, then they are not a prospective customer right now, but at least they now know what I do and that means they are more likely to mention me to a friend.

If they are interested then I can arrange a follow up “Let me have your card and Ill call you in the week to arrange a meeting” or “take my card, go and have a look at my web site at www.speakingandmarketingtips.com theres a free ebook (in exchange for signing up for my newsletter) that might help.”

Create and practice your own pre-prepared responses as follows:

I specialise in helping (describe your target customers, who do you most want to be doing business with, or describe a category that includes the person you are speaking to.)

to .(how do you help them, what problem do you solve.)

How do you tailor your response so it is most applicable to the person you are speaking to?

Easy – get into the habit of asking people what they do first and don’t let a conversation die when they give you a job description.Encourage them to talk about what they do and prompt for the problems they face in doing it – especially the problems that you can solve.

People love to talk about themselves and they love people who are prepared to listen. Then they almost always ask, “What do you do?”

Me Oh! I specialise in helping..

If you have just spent five or ten minutes showing interest in them and what they do and you then tell them that you specialise in solving some of the problems they face – do you think they are going to want to know more?

Copyright 2006 Richelle (Rikki) Arundel, UK

Don’t Sell. Tell Your Network Contacts How You Help People is a post from: SCU Dili Business Tips

We all know that two is better than one. The dramatic end results will be an effective and cost-cutting advertising venture the nets both of you a nice profit.

I once dealt with a veterinarian who promoted a local dog groomer… who in turn promoted the local veterinarian. Yeah, it’s kind of a “you scratch my back and I’ll scratch yours” set up, but hey it works for both parties. Think about it… customers are going to feel that the dog groomer is in the know about who the best vet in town is, as well as trust the vet to know who is the best dog groomer in the area. Sure, it’s a win, win situation for both the groomer and the vet.

2. Dig Out New Niche Markets
Niche markets are everywhere, right under your nose! Within the customer audience that you serve right now are groups of people who share common traits. Think about it… maybe you have a goup who speaks Spanish, a group of teens, and a group of middle class family men and women.

Evaluate these classes of people, and discover the unique needs and desires they share. That will set you up to customize your advertising campaign directly to them. It’s not hard to take your current ads, and make a few changes to adjust to the niches. They’ll be impressed that you understand THEM, and the increase in your profits will be the best thanks you can get.

3. Hop On The Latest Trends
Get in on the first floor of the latest trend… before your competition becomes aware of it. Be a leader in the industry! Hey, Internet marketing is still profitable all around, but businesses who jumped on the band wagon early in the game got the best proceeds for their insight.

We’re not talking about dropping everything and making a mad dash! Wise marketers add to their already profitable businesses when they see the “new and coming” techniques. Keep the customers you already have on board, and add to your existing products and services.

You can quickly and easily strengthen you business and push out the competition by adding new layers to your existing business, teaming up for joint promotions, and discovering new markets to reach.

3 Must-See Keys For Expanding Your Business is a post from: SCU Dili Business Tips

The 80-20 rule was first discovered by Italian economist Vilfredo Pareto a hundred years ago. Using this knowledge is incredibly powerful in combating the “not enough hours in the day” mentality of today’s society.

The 80-20 rule means that in any area of our lives, literally 80 percent of our fruits are derived from only 20 percent of doing “what matters”. In other words, there is only a very small portion of all that we do each day, regardless of the situation, that brings us the “higher return”.

How can you benefit from being aware of this principle? Implementing a strategy based on the 80-20 rule can result in greater wealth and greater leisure time? Just imagine how productive you will be if 80% of your time could be spent on productive activities. You have to realise that the things that matters most should never be at the mercy of activities that matter least.

Here are 5 Steps to maximumise your productivity:

1) Keep a work log for at least a week

Write down all of your activities and the time spent doing them. I appreciate this is time consuming initially but it is essential you get a true picture of your working week.

2) Analyse your activities

Separate your activities into high priority – those that produce a return or where only you have the skills to do the work – and low priority – activities others can do where the activity can be delegated to support staff. You will almost certainly find that you are spending most of your time on low-priority activities rather than activities directly providing a return. In almost all businesses these non productive activities tend to absorb time at a far greater rate than they should.

3) Delegate non productive activities

Once you can identify the low priority activities delegate as many as possible to support staff providing training where required. If necessary employ an additional member of staff to take responsibilities – the cost will be more than offset by your improved productivity. There may be a number of low priority activities you are tempted to keep. Unless it is absolutely unavoidable don’t be tempted and don’t get involved in non productive activities or your productivity will fall.

4) Calculate the time required for any remaining low priority activities

Once you have delegated all that you can, your next step is to calculate how much time you should be spending on the remaining low priority activities to make maximum use of your productive time. Do not work disproportionately hard at these low priority activities and set aside specific time each day or week to complete them.

5) Prioritise your remaining activities

Once you have cleared out the activities that do not bring you any return, it is time to turn your attention to the activities in your life that are bringing the most reward. Prioritise your activities and concentrate most of your time just on a few high-priority activities.

The objective throughout is to maximize your results from the areas of high return and to delegate those activities that have a low return. Having to spend a disproportionate amount of time on non productive activities is a major source of stress for many businessmen. Delegating these activities will therefore have the added benefit of reducing the stress you are under. It is all about doing less work for greater return.

For more success in life, whether that is more money, more time with your family or just making time for golf you should start implementing the 80-20 rule immediately. It will help your career as well as your personal life and, as a bonus, following the 80-20 rule day in and day out can make you very wealthy over the long term.

5 Steps To Maximum Productivity is a post from: SCU Dili Business Tips

If you are considering starting your own home based business, then you could start with thinking it through, by asking yourself some initial questions, such as:

1. If I’m going to keep my current job, at least as a starter, when will I find the time to build my home based business? How many hours each day can I put aside and use to my business endeavours? Can I work early in the morning or at the late evenings? Maybe at the weekends?

2. Do I have a suitable room or place for my home business? Can I work uninterrupted? And, would my neighbours also feel uninterrupted?

3. How much energy and determination am I willing to put into learning something new, if required? Even if the basic direction of my home based business is something that I already know of and master, then: How about the management of the home business itself? Should I delegate some or any chores, like the book-keeping?

4. Do I know how to market my home based business, in order to get people aware of that they can buy something from me? Should I use online- or offline marketing, or both maybe? How much money and or time do I need to put aside for marketing efforts alone? What is the most effective way for me to market my home business, within my particular economical frames? If I plan to do this myself, could I learn something that would make it easier and more effective?

5. And, last but not least, how about the money? How do I plan to finance the start? How much money is needed? Do I have most of the equipment already or do I have to buy or rent something? If I do need to buy equipment, then what does it cost?

This is a few questions to start with, that’s very good to have the answers to, before starting up your own home based business. It would make your upstart smoother and safer, to have some answers for yourself, about the home business of yours to be.

5 questions to consider, before starting your home based business is a post from: SCU Dili Business Tips

The idea was to infiltrate global crime networks but a lot of the money in “Operation Swordfish” may have ended up in the wrong pockets. Government agents and sheriffs got mysteriously and filthily rich and the whole sorry affair was wound down. The GAO reported more than $3.6 billion missing. This bit of history gave rise to at least one blockbuster with Oscar-winner Halle Berry.

Alas, slush funds are much less glamorous in reality. They usually involve grubby politicians, pawky bankers, and philistine businessmen – rather than glamorous hackers and James Bondean secret agents.

The Kazakh prime minister, Imanghaliy Tasmaghambetov, freely admitted on April 4, 2002 to his country’s rubber-stamp parliament the existence of a $1 billion slush fund. The money was apparently skimmed off the proceeds of the opaque sale of the Tengiz oilfield. Remitting it to Kazakhstan – he expostulated with a poker face – would have fostered inflation. So, the country’s president, Nazarbaev, kept the funds abroad “for use in the event of either an economic crisis or a threat to Kazakhstan’s security”.

The money was used to pay off pension arrears in 1997 and to offset the pernicious effects of the 1998 devaluation of the Russian ruble. What was left was duly transferred to the $1.5 billion National Fund, the PM insisted. Alas, the original money in the Fund came entirely from another sale of oil assets to Chevron, thus casting in doubt the official version.

The National Fund was, indeed, augmented by a transfer or two from the slush fund – but at least one of these transfers occurred only 11 days after the damning revelations. Moreover, despite incontrovertible evidence to the contrary, the unfazed premier denied that his president possesses multi-million dollar bank accounts abroad.

He later rescinded this last bit of disinformation. The president, he said, has no bank accounts abroad but will promptly return all the money in these non-existent accounts to Kazakhstan. These vehemently denied accounts, he speculated, were set up by the president’s adversaries “for the purpose of compromising his name”.

On April 15, 2002 even the docile opposition had enough of this fuzzy logic. They established a People Oil’s Fund to monitor, henceforth, the regime’s financial shenanigans. By their calculations less than 7 percent of the income from the sale of hydrocarbon fuels (c. $4-5 billion annually) make it to the national budget.

Slush funds infect every corner of the globe, not only the more obscure and venal ones. Every secret service – from the Mossad to the CIA – operates outside the stated state budget. Slush funds are used to launder money, shower cronies with patronage, and bribe decision makers. In some countries, setting them up is a criminal offense, as per the 1990 Convention on Laundering, Search, Seizure, and Confiscation of the Proceeds from Crime. Other jurisdictions are more forgiving.

The Catholic Bishops Conference of Papua New Guinea and the Solomon Islands issued a press release November 2001 in which it welcomed the government’s plans to abolish slush funds. They described the poisonous effect of this practice:

“With a few notable exceptions, the practice of directing funds through politicians to district projects has been disastrous. It has created an atmosphere in which corruption is thought to have flourished. It has reduced the responsibility of public servants, without reducing their numbers or costs. It has been used to confuse people into believing public funds are the ‘property’ of individual members rather than the property of the people, honestly and fairly administered by the servants of the people.

The concept of ‘slush-funds’ has resulted in well-documented inefficiencies and failures. There were even accusations made that funds were withheld from certain members as a way of forcing them into submission. It seems that the era of the ‘slush funds’ has been a shameful period.”

But even is the most orderly and lawful administration, funds are liable to be mislaid. “The Economist” reported recently about a $10 billion class-action suit filed by native-Americans against the US government. The funds, supposed to be managed in trust since 1880 on behalf of half a million beneficiaries, were “either lost or stolen” according to officials.

Rob Gordon, the Director of the National Wilderness Institute accused “The US Interior Department (of) looting the special funds that were established to pay for wildlife conservation and squandering the money instead on questionable administrative expenses, slush funds and employee moving expenses”.

Charles Griffin, the Deputy Director of the Heritage Foundation’s Government Integrity Project, charges:

“The federal budget provides numerous slush funds that can be used to subsidize the lobbying and political activities of special-interest groups.”

On his list of “Top Ten Federal Programs That Actively Subsidize Politics and Lobbying” are: AmeriCorps, Senior Community Service Employment Program, Legal Services Corporation, Title X Family Planning, National Endowment for the Humanities, Market Promotion Program, Senior Environmental Employment Program, Superfund Worker Training, HHS Discretionary Aging Projects, Telecomm. & Info. Infrastructure Assistance. These federal funds alone total $1.8 billion.

“Next” and “China Times” – later joined by “The Washington Post” – accused the former Taiwanese president, Lee Teng-hui, of forming a $100 million overseas slush fund intended to finance the gathering of information, influence-peddling, and propaganda operations. Taiwan footed the bills trips by Congressional aides and funded academic research and think tank conferences.

High ranking Japanese officials, among others, may have received payments through this stealthy venue. Lee is alleged to have drawn $100,000 from the secret account in February 1999. The money was used to pay for the studies of a former Japanese Vice-Defense Minister Masahiro Akiyama’s at Harvard.

Ryutaro Hashimoto, the former Japanese prime minister, was implicated as a beneficiary of the fund. So were the prestigious lobbying firm, Cassidy and Associates and assorted assistant secretaries in the Bush administration.

Carl Ford, Jr., currently assistant secretary of state for intelligence and research, worked for Cassidy during the relevant period and often visited Taiwan. James Kelly, assistant secretary of state for East Asian and Pacific Affairs enjoyed the Taiwanese largesse as well. Both are in charge of crafting America’s policy on Taiwan.

John Bolton, erstwhile undersecretary of state for arms control and international security, admitted, during his confirmation hearings, to having received $30,000 to cover the costs of writing 3 research papers.

The Taiwanese government has yet to deny the news stories.

A Japanese foreign ministry official used slush fund money to finance the extra-marital activities of himself and many of his colleagues – often in posh hotel suites. But this was no exception. According to Asahi Shimbun, more than half of the 60 divisions of the ministry maintained similar funds. The police and the ministry are investigating. One arrest has been made. The ministry’s accounting division has discovered these corrupt practices twenty years before but kept mum.

Even low-level prefectural bureaucrats and teachers in Japan build up slush funds by faking business trips or padding invoices and receipts. Japanese citizens’ groups conservatively estimated that $20 million in travel and entertainment expenses in the prefectures in 1994 were faked, a practice known as “kara shutcho” (i.e., empty business trip).

Officials of the Hokkaido Board of Education admitted to the existence of a 100 million yen secret fund. In a resulting probe, 200 out of 286 schools were found to maintain their own slush funds. Some of the money was used to support friendly politicians.

But slush funds are not a sovereign prerogative. Multinationals, banks, corporation, religious organizations, political parties, and even NGO’s salt away some of their revenues and profits in undisclosed accounts, usually in off-shore havens.

Secret election campaign slush funds are a fixture in American politics. A 5-year old bill requires disclosure of donors to such funds but the House is busy loosening its provisions. “The Economist” listed in 2002 the tsunami of scandals that engulfs Germany, both its major political parties, many of the Lander and numerous highly placed and mid-level bureaucrats. Secret, mainly party, funds seem to be involved in the majority of these lurid affairs.

Italian firms made donations to political parties through slush funds, though corporate donations – providing they are transparent – are perfectly legal in Italy. Both the right and, to a lesser extent, the left in France are said to have managed enormous political slush funds.

President Chirac is accused of having abused for his personal pleasure, one such municipal fund in Paris, when he was its mayor. But the funds were mostly used to provide party activists with mock jobs. Corporations paid kickbacks to obtain public works or local building permits. Ostensibly, they were paying for sham “consultancy services”.

The epidemic hasn’t skipped even staid Ottawa. Its Chief Electoral Officer told Sun Media in September 2001 that he is “concerned” about millions stashed away by Liberal candidates. Sundry ministers who coveted the prime minister’s job, have raised funds covertly and probably illegally.

On April 11, 2002 UPI reported that Spain’s second-largest bank, Banco Bilbao Vizcaya Argentaria (BBVA), held nearly $200 million hidden in secret offshore accounts, “which were allegedly used to manipulate politicians, pay off the ‘revolutionary tax’ to ETA – the Basque terrorist organization – and open the door for business deals, according to news reports.”

The money may have gone to luminaries such as Venezuela’s Hugo Chavez, Peru’s Alberto Fujomori and Vladimiro Montesinos. The bank’s board members received fat, tax-free, “pensions” from the illegal accounts opened in 1987 – a total of more than $20 million.

Latin American drug money launderers – from Puerto Rico to Colombia – may have worked through these funds and the bank’s clandestine entities in the Cayman Islands and Jersey. The current Spanish Secretary of State for the Treasury has been the bank’s tax advisor between 1992-7.

The “Financial Times” reported in June 2000 that, in anticipation of new international measures to curb corruption, “leading European arms manufacturers” resorted to the creation of off-shore slush funds. The money is intended to bribe foreign officials to win tenders and contracts.

Kim Woo-chung, Daewoo’s former chairman, is at the center of a massive scandal involving dozens of his company’s executive, some of whom ended up in prison. He stands accused of diverting a whopping $20 billion to an overseas slush fund.

A mind boggling $10 billion were alleged to have been used to bribe Korean government officials and politicians. But his conduct and even the scale of the fraud he perpetrated may have been typical to Korea’s post-war incestuous relationship between politics and business.

In his paper “The Role of Slush Funds in the Preparation of Corruption Mechanisms”, reprinted by Transparency International, Gherardo Colombo defines corporate slush funds thus:

“Slush funds are obtained from a joint stock company’s finances, carefully managed so that the amounts involved do not appear on the balance sheet. They do not necessarily have to consist of money, but can also take the form of stocks and shares or other economically valuable goods (works of art, jewels, yachts, etc.) It is enough that they can be used without any particular difficulty or that they can be transferred to a third party.

If a fund is in the form of money, it is not even necessary to refer to it outside the company accounts, since it can appear in them in disguised form (the ‘accruals and deferrals’ heads are often resorted to for the purpose of hiding slush money). In light of this, it is not always correct to regard it as a reserve fund that is not accounted for in the books. Deception, trickery or forgery of various kinds are often resorted to for the purpose of setting up a slush fund.”

He mentions padded invoices, sham contracts, fictitious loans, interest accruing on holding accounts, back to back transactions with related entities (Enron) – all used to funnel money to the slush funds. Such funds are often set up to cover for illicit and illegal self-enrichment, embezzlement, or tax evasion.

Less known is the role of these furtive vehicles in financing unfair competitive practices, such as dumping. Clients, suppliers, and partners receive hidden rebates and subsidies that much increase the – unreported – real cost of production.

BBVA’s payments to ETA may have been a typical payment of protection fees. Both terrorists and organized crime put slush funds to bad use. They get paid from such funds – and maintain their own. Ransom payments to kidnappers often flow through these channels.

But slush funds are overwhelmingly used to bribe corrupt politicians. The fight against corruption has been titled against the recipients of illicit corporate largesse. But to succeed, well-meaning international bodies, such as the OECD’s FATF, must attack with equal zeal those who bribe. Every corrupt transaction is between a venal politician and an avaricious businessman. Pursuing the one while ignoring the other is self-defeating.

Slush Funds is a post from: SCU Dili Business Tips

Franchise business opportunities are expanding rapidly. If you look at the most famous franchise in existence today is the McDonalds corporation. McDonalds has established itself around the world and is one of the leading business organizations. Opportunities in franchising continue to develop as the franchise industry develops.

What is a franchise?

Information on the Franchise Business

A franchise is a mirror image of an original business idea. When a business has become successful the opportunity arises to duplicate the success in other locations. When an individual purchases a franchise opportunity, they are purchasing is the right to repeat the original business operations in another area. To help them achieve success a franchisee receives complete instructions on how to achieve the success achieved by the original business. They get an established and proven business plan and marketing plan on which to build their new business.

A franchise has been granted the authorization to sell or distribute a companys goods or services in a certain geographical area. For example, a restaurant or coffee shops marketing area is limited, usually to people in the immediate local area. Therefore, creating another restaurant or coffee house based on the original business in a different area would be considered a franchise.

The original business developer determines the formula for producing the same result achieved by the original business and how this formula can be repeated in new locations. This formula is packaged and sold as a franchise. This package is sold to interested parties who can achieve success simply by following the proven formula.

Why Do Businesses Sell Franchises rather than Expanding their own Business?

What is the advantage of developing a franchise as opposed to simply opening the business in multiple locations? It is quite possible to open a number of restaurants in one city or county or even within a state. However, the time requirements and energy required to do this is extensive. Franchising offers th possibility to expand the business and have others on board to share the burden.

It would be impossible for someone like Roy Croc, who developed McDonalds, to run each individual McDonalds restaurant around the world. To expand your business without running it into the ground, you need quality people who have an interest at your own bottom line.

Information on Buying a Franchise Business

Many people would like the freedom to start their own business. However, they may be new to the business world. Or they may not be confident of their ability to develop a business. Or they may not have a business idea that they are confident in.

The opportunity to start a business that has a proven success record and an established plan for achieving a similar success is what make franchising attractive to new business owners.

This is beneficial to both the original business developer and the entrepreneur. The business developer makes a profit by selling his system and the entrepreneur gains the knowledge from an experienced owner with a successful business. This increases the opportunities for the entrepreneur, which allows for a greater chance of success.

All About Franchising and Starting up a New Franchise Business is a post from: SCU Dili Business Tips

If you are truly serious about offering quality customer service, your best option would be customer service software. With customer service software you can reduce customer service costs and increase your conversion rate at the same time. All the while, you will be making your customers happier, which will lead to more sales and an increase in ROI.

Customer service software helps small businesses and large businesses alike by offering customer service messenger, support messenger and support messenger. These offer 24/7 customer service to customers and potential customers. They can also allow you track customers online and track consumer behavior online as well.

Customer service software can offer live chat help and/ore animated avatar help, animated avatar service, animated avatar support and animated avatar guide. Many people prefer the avatar because it makes them feel more like they are talking to an actual person.

Serious quality customer service means a serious customer service solution. Consider customer service software for your online business if you would like to convert visitors to buyers and improve your ROI.

Are you Serious about Customer Service is a post from: SCU Dili Business Tips

I am not talking about a lazy person without any ambition. The person I am referring to is the unemployable, the serial entrepreneur or corporate refugee. If you are currently working in a job and what you want is not another job but to become a work at home entrepreneur networking can still be for you.

Here are 7 networking strategies you can use to catapult your work from home career.

1. Create your own Board of Directors. IBM and Microsoft are not the only ones who should have a boardroom team. As a home based business owner you want to have a group of people who you can meet with, mastermind and get advice from.

Often times they may see skills and talents in you that you might not recognize. Once you have identified what your business goal is you have the opportunity to leverage the power of six degrees of separation. Six degrees of separation is the principle that anyone on earth can be connected to another person on the planet through a chain of acquaintances that has no more than five relationships apart.

2. Join Networking Organizations for Entrepreneurs. Successful business owners like to connect with each and expand their relationships. Look for organizations that have business owners in the same area of interest as you. Dont just see them as competitors. Look for opportunities that you might be able to assist them in some way. Here are a couple of groups to consider:

The Chamber of Commerce

BNI (Business Networking International

Le-Tip

Rotary International

Each of these organizations have different personalities and cultures. Attend a few meetings before you call one of them home. Know what you ultimately want. Basil S. Walsh states, If you don’t know where you are going, how can you expect to get there?

First establish in very specific detail what you are going to achieve. Did you notice that I said going to achieve? Life will give you exactly what you expect from it. Start with the end in mind.

Now is the time to dream big and visualize what your life will look like when you are a successful business owner. Dont worry about the how. Simply set goals by asking yourself some key questions such as:

A. What would I love to do even if I did not get paid for it?

B. How many days will I work each week?

C. What type of work from home business am I interested in?

D. Where will I live?

E. What do I like to do?

Determine what you need to happen to get out your job. Do you know how much you need to make in your business to leave your job? What is your financial freedom number? Your financial freedom number is the amount of income you need to have coming in passively each month to cover all of your expenses.

One of the reasons you want to know this is when you are looking at home based business income opportunities you want to choose one that has the profit potential you want and need. If your financial freedom number is $5000.00 per month you dont want to choose a business that does not have the potential to net that on a passive basis.

As you are networking and meeting new people you can analyze the business opportunities that arise from a totally unemotional point of view because you are clear about your goals.

3. Remember it is better to give then receive. One of the biggest problems I see with networking is most people go in it to see what they can get first before they give. Always look for a way to be of service to the people that you meet first. There is a universal law of reciprocity. You will always get back more than you give out. As you get to know people think about how you can help to enrich their life or help them towards their goals.

If you read an article or run across something that might be of help to them send it. When you have a genuine interest in others success you are blessed through your giving.

Some people call it karma and others say you reap what you sow. My lifes experiences have been blessed more than I could have every imagined whenever I give.

So look for ways to contribute. You may be able to do this in a variety of ways:

a. Volunteer to work with them some way.

b. Introduce them to people in your network that could help them.

c. Send notes or articles that might be areas of interest or
could help to increase their business.

4. Learn how to joint venture or strategically partnership. One of the fastest ways to get out of your job, launch a business or simply make some money is to create a joint venture with someone.

Joint Venturing is a way to take either yourself or two other people who could profit from working together but simply did not have the relationship. You profit from making the connection.

For example you know a veterinarian has a large practice with a list of over 700 clients. You also have a relationship with a new pet groomer in the city who is trying to increase his business. You put the two together and every time the pet groomer gets a new client due to your structuring this deal you get paid. We call this mail box money. Money comes in your mail box whether you work or not.

5. Set up a written networking plan. I am amazed at how much time and effort people will spend to find a new job. However, when it comes to designing a plan to exit the rat race they do it almost haphazardly. You will be much more effective if you have a written plan. The plan does not have to be elaborate. Here are some of the basic things you want to cover:

a. What is my goal?

b. Who do I want to meet?

c. What events should I focus on?

d. How often should I be networking?

6. Attend seminars and boot camp events. Specialized knowledge is one of the keys to being successful in a home based business. When you attend boot camps and seminars you able to surround yourself with like minded people as well as learn from the experts.

However, if you really want to make these educational experiences profitable do three things:

a. Introduce yourself to at least 3 people and get their cards. Ask them why they are there and what they hope to get out of the event. Exchange numbers and ask, What is the single most important thing you need help in making your business venture successful?

When you ask this of someone else you will genuinely get to know someone and you may be able to help them. In addition, out of respect they will want to know more about you and a new relationship may be formed.

b. Go to lunch with someone you meet at the seminar and tell them the things you learned so far and will implement. There is something about speaking your goal out loud that will make it real. If you immediately implement one single action every time you learn something the results will grow exponentially.

c. Introduce yourself to the speaker. Sometimes this can be difficult if the event is large. However, if there is a book signing buy their book so while they are signing it you can ask one question. My question is, What is the single most important skill you contribute to your success? You might like my question or you can come up with your own. The point is you have a great opportunity to network and learn from someone who is a master at their craft. Seize the opportunity.

7.Have a goal for every networking opportunity. Simply going to an event and “working the room” almost never yields any measurable results. Before you attend any event know what you want your outcome to be in advance. Are you going to meet specific person? How will you insure your introduction? Make sure you have crafted out a plan and enlist support from someone to help you execute if needed.

For example, if you want to meet someone ask the host of the networking event if they know the person and if they would be willing to introduce you. Your chances of success are almost guaranteed due to the nature of the event.

Networking is often an overlooked opportunity to find a way out of the rat race. If you want to look for a work at home career, connections can be a key to rapid success. Get the inside tips and discover 7 ways to network your way out of a job.

7 Ways to Network Your Way Out Of a Job and Into a Work At Home Career is a post from: SCU Dili Business Tips