Deflation and How It Will Affect Us All

Everyone fears inflation. Of course, unless you were working and paying bills during the 1970′s, you have not experienced inflation. We are simply taught to fear it. Bad inflation beast!

We have been told for the past several years that inflation, taxes, healthcare and deficit spending are the Four Horsemen of the Apocalypse. We must stand guard against their perpetual onslaught. Agreed. These concerns are real. They should be acknowledged and addressed. The process is slow, cumbersome and hindered by our political wanderings between the Scylla of Socialism and the Charybdis of Capitalism. Scylla grabs six sailors from the deck and swallows them whole; Charybdis destroys whole ships that venture too near and spits out the refuse. Hopefully, November of 2012 will find us finally out of this whirlpool, into clear waters.

There is another beast. It lurks in the depths. It name need not be pronounced, for fear of bringing it forth from its lair. The Kraken lies quietly, as large as an island, seemingly asleep. Once disturbed, it becomes like the sea itself, engorging itself upon all life, sucking up even the very oxygen of the atmosphere. To put it to rest… well, no one has done that yet. Better to ignore it, tiptoeing past the graveyard of ships crushed upon its shores.

Extended metaphor? Perhaps. The beast within is deflation. Japan is being consumed by it now. For the past twenty years it has ravaged the Japanese economy, you only need to look at the USDJPY exchange rate to see that. Government spending, private wealth, public discourse from all sides, even nationalistic jingoisms, have failed to suppress the beast. An aging population incapable of even replacing itself has become one of the beasts tentacles. Low interest rates have not stimulated the economy. Excessive government spending on bridges to nowhere has failed, only piling up further debt. Health care costs, while borne by the beautiful Japanese family, still rip capital from the nation. Savings rates far surpass ours, yet the capital is underutilized, resting quietly at the Post Office account.

Once deflation emerges, chaos reigns, a slow churlish, cancer that soaks the very lifeblood from an economy. How? Interest rates remain rock bottom, discouraging lenders and applicants both from risk appetites. Consumers quickly learn to avoid spending, first on capital items, then on necessities; why buy today when the item will be ever cheaper next week, next month and next year. Cars and computers, fridges and furnaces are put off. Let’s just fix the one we have and wait. Companies reduce capital expenditures. They build up capital, even more than today’s massive $2T+. Layoffs become more prevalent. Those with jobs do more, just to keep them. An aging population saves rather than enjoys their retirement. Flexibility of spending habit becomes a crutch. Saving becomes a cancer. Debt disappears, except at the government level. The friendly folks at the Fed and the Treasury swap newly printed dollars for newly issued notes, like a snake swallowing its own tail.

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Different Types Of Business Degrees

Different types of business degree programs are available for you. The ideal choice depends on certain factors. These include your own preferences and aptitude and your budget (some degrees cost more to earn than others). However, the degree you choose can also depend on a specific need. There may be a family business requiring specific skills and knowledge to maintain. You may already have a job and your employer may sponsor you for a degree specific to the business in question. You may wish to explore a specific business arena or to specialize in a certain kind of business activity. All these factors are important while choosing the degree you wish to earn.

The most commonly pursued business school programs are:

1. Degree in business management:

You can earn a degree in business management separately or in context with another study program. Among the options available are:

• Bachelor’s Degree in Business Administration/Management

• Bachelor/Master of Science in Business Administration/Management

• Associate of Business Administration/Management

• Bachelor of Business Administration/Management

• Bachelor of Science in Business/Retail Management

• Bachelor of Science in Human Services and Management

• Master of Management

• Master of Management/International

2. Degree in Finance:

A degree in finance opens up to you many jobs in the public and private sectors. It is essential if you plan to be an investment banker, budget analyst or loan officer. It is also an indispensable tool for real estate professionals, financial advisors and money market managers. In today’s business environment, such a degree has very high long-term potential.

3. Accounting:

Certified accountants are in very high demand because of the enactment of America’s new corporate accounting laws. You can choose to become a Certified Public Accountant (CPA), a Certified Management Accountant (CMA) or a Certified Internal Auditor (CIA). Each of these holds considerable value in specific business sectors. Earning such a degree exposes the student to skills such as financial analysis, managerial accounting, taxation, auditing and various other vital business functions.

4. Marketing:

You can earn in a degree in marketing separately. However, most people prefer to do this in conjunction with a degree in business management. Doing this gives the student a unique perspective and understanding of the subject. A degree in marketing equips you with in-depth information on marketing strategy, effective advertising and promotion, product development and pricing. You also learn about how consumers behave, and how to derive a marketing advantage from this behavior.

5. Entrepreneurship:

In a business context, entrepreneurship means starting a business. A degree in entrepreneurship covers all aspects of launching a business successfully. The subjects covered in such a program include business ethics, economics, accounting, finance, marketing and management of operations.

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Best Practice For Making International Money Transfers

Do you want to know how make a money transfer abroad cheap and secure? There are things to be aware of when making an international money transfer. They are:

• Exchange Rates

Every dollar that you send generates a certain amount of foreign currency. That is known as the exchange rate. It varies daily or at times several times a day according to changes in the international money market. That’s because money transfer companies change it to create profits when you are transfer money abroad.

• Fees

Fees are the amount of money that these services that move money abroad charge. They vary it depending on how much money you are sending, how urgent you want it delivered and whether you are using online means or walk in- agents.

• Total Cost

Total cost is the total amount of money that you will spend including the amount to be sent and the service fees.

• Total Currency to Be Delivered

Total money to be delivered is calculated by multiplying the number of dollars that you are sending with the exchange rate.

How To Cut Costs When You Want To Transfer Money Abroad.

• Compare Transaction Costs

You should shop around for better deals even if you are dealing with the same service provider. That because some services charge more fees when you are transferring money online as compared to when you deal with their walk in agents. For example, Viamericas exchange rates. You can read more on saving money on this article here. > Beat The Banks Like Natwest, Lloyds, Barclays, Hsbc, Nationwide

• Time

You should avoid paying extra to have your cash transferred abroad if you can wait. You should also avoid sending small amounts too often as its costly when you accumulate the charges. Send large amounts at once if its possible.

• Automatic Transfers

Another thing you should avoid is monthly or annual transfers. That’s because they may occur when the exchange rates are not favorable.

• Special Offers

Companies such as Wells Fargo have special deals for customers who meet their minimum account rules. You should look out for such offers.
Security of Your Money

You should ensure that your money has safely arrived and in its exact amount. That’s by providing correct sending details and also checking your receipt. If anything goes wrong, get in touch with the money transfer service or the industry regulator.

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Business Processes and Philosophy

A process is always triggered by an event, the event is always triggered by an activity on a customer who has some requirements that the company wish to satisfy. A process terminates with the satisfaction of customer’s requirements.

Customer requirements analysis, identification of response mode, processing, production, response to those requirements: all are all examples of process activities (task).

The approach allows the implementation of a customer-centric organization in its essence and brings together all the tasks of the company in a coordinated way.

Business macro-processes: acquiring new customers; order management, invoicing and payments; product production or assembly; product delivery; customer service; maintenance and development of the customers relationship.

Internal functional processes: product development; materials and components procurement and warehouse; personnel recruitment and maintenance; capital raising; capital monitoring and management; risks management.

The process itself is what holds together the distributed cellular organization. The event triggers (engagement) a process of tasks coordination that should lead to the satisfaction of customer’s requirement by finding the solution (the service and/or the product), by packaging, and by delivering.

The organization is therefore an association of different organizational styles and postures that play different roles.

All processes have in common the need and the ability to manage changes

The result is a more flexible company: modular and capable of effectively managing the need to continuously change skin depending on market changes and its customers (continuous change management, adaptation).

Event-Driven Architecture

In times of chaos and complexity, the only possible equilibrium (the company poise) can be provided by an instant, targeted and interactive information. V. Ranadivè at the beginning of the century has proposed a new mindset.

The sense and respond logic:

the company perceives events from the market (sense),
responds to those pertinent to their business (respond),
uses the information to drive the development of new products and services.

It is an ancient idea, since the beginning of the market. Today the challenge is implementing this mindset in a multi-corporate organization (eco-system). Companies in the eco-system share relevant information as if they were operated by a single brain: the event-driven business architecture. This logic can be also applied to the regional cluster and in most of the cases.

Event-driven companies achieve a competitive advantage by creating a virtual, integrated and real-time network for their clients.

Focus on Customers

In an event-driven architecture events are triggered by the market, by the customers. The only perceivable, competitive advantage is to be close to the customer, creating value for the customer and thereby increase the perceived value of the company. Profit is a consequence of the creation of value for customers: the profit is a by-product.

Reversal of a project-production-sales model to a sale-project-production template: the products become solutions for customer problems and there is always time to standardize a solution in a product.
Event-Driven Behaviour

The event-driven behaviour is characterized by maximum flexibility.

The processes structure themself for the immediate response to the event by the involvement of the various ecosystem components relevant to the completion of the process; the organisation and operations adapt real-time to give the customers what they ask rapidly.

Advantages and benefits of the integration of organisational processes are significant and impact both efficiency and effectiveness:

Almost zero-cycle product customization;
Nearly zero-lag ‘ cash to cash ‘ (the cycle between investment and income related to the single product);


In a chaotic and complex environment, long-term planning is impossible. What companies can do to achieve success is

to remove barriers to learning,
to focus on the perception of anomalies (feedback),
to use the intuition to develop responses to the environmental changes (feedback).

The success must be the result of the discovery of patterns that emerge through the actions that the company does in response to changes that identifies.


The information is knowledge. The active information that flows through the event-driven organization, is continuously refined by knowledge, that is accumulated, event by event, classified and made available to anyone.

The information is what allows the company to evolve in a positive sense by enlarging their boundaries and their relations.

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Finding Free Financial Help to Continue Your Education

In today’s world owning a college degree is nearly a necessity in order to advance up the career ladder. Unfortunately, tuition costs for higher education continue to rise and most students are finding they need some sort of financial aid to help pay for it. Loans are available to almost all students, but they only add to the student’s debt after they graduate. Scholarships are not as easy to receive, but they are well worth it since they help pay for tuition and books but do not need to be repaid. Finding the right scholarship is a matter of knowing where to begin looking.

The first step a student should take is to fill out the Free Application for Federal Student Aid (FAFSA) form. It can be found online or in the financial aid office. It needs to be filled out by anyone hoping to receive federal aid, such as the Pell Grant. Other sources of scholarships include private companies, local organizations and professional groups.

*Other government grants – The Federal Supplemental Education Opportunity Grant is made available to students who have completed the FAFSA and show an extreme financial need. Students who had a parent that was killed during a tour of duty in Iraq or Afghanistan after 2001 are also eligible for federal money.

*Private companies – Many large corporations provide scholarships to students as a way to give back to the community in which they do business. Often times these are open to children of employees. For example, the Campbell Soup Co. provides thousands of dollars in scholarships to students every year. In addition, many companies will offer to help pay expenses for employees who want to continue their education. The advanced degree will be beneficial to the company and it may require the employee to continue to work at the same place for a certain amount of time in exchange for the aid.

*Local organizations – Groups like Rotary clubs, American Legions and Optimists all raise funds throughout the year to give back to their community. Frequently a part of those funds are used to provide scholarships to area students.

*Professional groups – In an effort to encourage others to enter their profession, many professional groups offer scholarships to students planning on studying in that specific field. Some, like the Society of Women Engineers Scholarship, offer financial aid exclusively to female students who are trying to make a career in that area.

Most students need some sort of financial aid to help pay for college. Scholarships provide money for tuition and books and help reduce the amount of money a student may have to borrow to continue their education. They are also highly competitive, so finding the right one is a matter of knowing where to look and beginning the search.

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Closing A Business – Why It’s Important To Have A Plan

Having a plan for closing a business is almost as important as having a plan for starting a business. A well thought-out course of action will save you time, money, and aggravation.

The following information will provide you with some of the procedures for closing a business. It is always a good idea to consult with your CPA and attorney before making any final decisions.

Collect All Receivables

Collect all of your receivables before the closing of your business. Start this as soon possible as collecting receivables is almost always a slow process and will usually be more difficult after you have closed your business.

Carry Out All Obligations

Inform your customers or clients and fulfill any obligations you have with them. This includes but not limited to: completing any work (warranty or otherwise), returning deposits or coupons for goods and services that have not been delivered or performed.

Besides the obvious legal consequences, satisfying your obligations to your customers, employees and suppliers is always an excellent idea since this will reveal your good character and professionalism a business owner. Should you decide to start up another business this will have a positive impact on your image and should make any future business relationships go much smoother.

Pay Any Outstanding Bills

The one thing you do not want to hear after closing your business is that you still unpaid bills. Make sure all of your bills and financial obligations have been paid. Consider requesting letters from your suppliers confirming they have been paid in full.

Close All Business Accounts

Close out all of your business checking accounts, credit cards and any lines of credit. Also, don’t forget the obvious accounts for heating, electricity, phones, cable and any arrangements you have with your landlord as well as your lease.

Announce That Your Business Is Closing

You many want to publicize in the media that your business is closing. It’s up to you to determine which media outlets will best. Announcing the closing of your business could help guard you from liability and make sure you’re not held responsible for mistakes made by another company with a similar name.

Call The Secretary Of States Office

Be sure you call the secretary of states office to get a comprehensive list of your obligations when closing a business in your state.

Filing Your Final Tax Return

You will need to file your annual tax return for the year that you close out your business. If you have employees you will be required to file employment tax returns and pay final tax deposits due for these returns.

Misc. Returns

Normally you are required to file a return after disposing of business property. You should consult with your CPA for advice and assistance concerning the filing of any final returns due and other obligations you may have. For legal questions consult with an attorney in your state.

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