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Benefits and Drawbacks of Business Networking

Business networking has a world of positive benefits. However, with everything positive, comes a few negatives at least. So, without further ado, let’s begin with the positive/pros in support of business networking:

The first point on the up side is;

You’re being active in the accumulation of business contacts and letting yourself be seen. Many people complain that they are just not meeting enough of the right people to help in their career direction.

When you are actively involved in business networking, you are increasing your chances of meeting those right people. Furthermore, if you are networking correctly by sharing referrals, introducing people, and following up with those you meet, the rewards will speak for themselves.

The 2nd positive point is;

Your 1 on 1 people skills will slowly develop into expert status. This is a benefit not talked about a lot but through trial and error, building great relationships will seem effortless. Consider the fact that when your 1 on 1 people skills are adequate, you will see a phenomenal increase in the positive results you get using all other communication, for example; telephone, e-mail, etc.

3rd, on the optimistic side is;

After being consistent, you will notice your own center of influence expand. If you are engaged actively in meeting, communicating, and generally helping many individuals, you will be liked as well as respected. When these type of things occur, your center of influence grows and you will become well-respected by default.

4, on the high side is;

Networking regularly gives you the opportunity to speak a lot about your profession. You will have the opportunity to educate many people about what you do when you meet them. This situation causes you to be on your toes and more knowledgeable about your profession.

The 5th benefit of business networking is;

You are greatly increasing your overall options. While networking for better business returns, you will meet an abundance of individuals who aren’t directly connected to your goals. Meeting individuals like this can benefit you in other ways like; finding a good plumber, helping you to get hired at a new company, and any other specialist in a particular field. A personal referral usually holds more merit.

And now for the alternatives or the down-side/cons of business networking:

#1. If you are an extreme example of a socially inhibited individual, getting out and networking could be very traumatic for you. I’m not saying that it’s something you can’t overcome but it could very well turn out to be a not so positive experience.

#2. You may find several events that may not be to your liking. This is an occupational hazard of business networking in which you attend business networking events with high expectations but are disappointed by the outcome. As with anything, this is not justification to give up but it does happen.

#3. People in your newly found network been as receptive as you would like. It is very true that many people talk a good game …

How To Create An Effective Business Development Strategy

The Business Development Strategy is used to underpin your main business plan and essentially it sets out a standard approach for developing new opportunities, either from within existing accounts or by proactively targeting brand new potential accounts and then working to close them.

This document highlights the key issues you should consider prior to compiling your own plan and will hopefully guide you logically through a proven framework.

The key word is 'Strategy', because you are creating a workable and achievable set of objectives in order to exceed your annual target.

Your Starting Point:

The key words are Who? What? Where? When? Which? Why? How?

For example:

Who – are you going to target?

What – do you want to sell them?

Where – are they located?

When – will you approach them?

Which – are the appropriate target personnel?

Why – would they want to meet with you?

How – will you reach them?

If you have connected regular account reviews with your key accounts during the previous twelve months, you should be aware of any new opportunities that will surface during the next twelve months. You will also, when assessing what percentage of your annual target usually comes from existing accounts, need to review data over the last two or three years. (It is likely that you can apply Pareto ie 80{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of your business will probably come from existing accounts and in fact 80{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of your total revenue will come from just 20{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of your customers / clients)

You will be left with a balance – ie "20{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of my business next year will come from new opportunities" – therefore you can then begin to allocate your selling time accordingly.

Ideal Customer Profiling:

Pro-active business development demands that we create an ideal target at the front end – ie an "Ideal Customer Profile." The essential characteristics you will need to consider are:

– Industrial Sector

– Geographical Location (Demographics)

– Size of organizations (Turnover, number of employees etc)

– Financial Trends

– Psychographics – ie Philosophical compatibility

Many strategic sales professionals are purely profile their best existing clients and try to replicate them – there's nothing wrong with doing this but we should always remember that we are seeking an IDEAL and we can always improve on what we already have.

'New' Opportunities From Within 'Old' Accounts:

Because it costs approximately ten times as much, to first locate and then sell to a new customer as it does an existing one (although these costs are rarely reflected in the cost of sales), it is essential that we fully develop our existing accounts working Upwards, downwards and sideways, so making the most of the (hopefully) excellent reputation we have developed already.

Most corporate accounts have multiple divisions, departments, sites, even country offices and you must satisfy yourself that you have exhausted every possible avenue. Do not be afraid to ask the question " Who else should I be talking to in your organization"?

This is an extract from …

3 Power Tips To Increase Financial Success FA$T!

Have you ever wondered why some people seem to be

blessed with miraculous success while others are not?

Successful people don’t achieve their success by accident.

It takes much more than skills and talents to attain great

success in life. Even the most talented people can fail. It’s

the ones who recognize their power and use it to their

advantage that achieve the success they desire!

Jim Carey deliberately used his power to strategically

produce success at a time when things were challenging in

his life. In 1987, he was married with a new baby, living in a

single apartment in Los Angeles, and working in comedy

clubs at night. Afterwards, he would drive to the top of

Mulholland Drive and look out over the city where he

affirmed that he was the most sought after comedian in the

business. He experienced what it was like to be that

successful and didn’t come down from the mountain until

he felt like he was. He also wrote himself a check for $10

million dollars for acting services rendered. A path opened

up that eventually led him to that success. On the day that

his check was dated, Jim Carrey was worth 10 million

dollars. He later became one of the world’s highest paid

actors and able to command $20 million a movie.

You, too, have the power to achieve tremendous success. It

just takes understanding your power and then setting your

desires into motion!

Skyrocket your business to success by using just a few

simple techniques!

1. START YOUR DAY BY STATING A POWERFUL

DECLARATION!

Your words are powerful! The words that you speak and the

thoughts that you think attract to you the exact conditions that

you focus upon the most consistently. If you want to be

successful, your words and your thoughts need to

consistently confirm your success!

* Affirm: “Enormous quantities of money are being drawn to

me from everywhere and I see myself becoming financially

independent immediately!”

2. WRITE IT DOWN!

Take advantage of the Power of your word!

Everyday write down:

* “I see my business skyrocketing and becoming an

immediate financial success! I consistently net over $

easily and effortlessly every single month!”

Or:

* “I see all of my investments doubling and tripling

consistently, which make me a multi-millionaire

immediately!”

3. FEEL LIKE IT!

Take a moment each day and experience what it feels like to

be the success you desire.

Example: While you are sitting at your desk, close your eyes

and experience yourself sitting in a location that you would

be in if your success were a reality now! Such as:

* Sitting at a desk in your new office:

Feel how comfortable your new leather chair is and imagine

yourself feeling how smooth the hardwood finish is on your

desktop. It feels so wonderful being in your brand new

office. It is so beautiful, and everything is so clean and

organized. You hear your phones continually ringing with

orders and a …

How to Save Your Wedding When You Run Out of Money

Planning a wedding is so much fun that it can be easy to get in over your head. You splurge here, spend a little extra there, and before you know it, you have committed to a wedding that is beyond your means. With deposits placed, and final payments looming, this can be a very scary situation for the bride or her parents to find themselves in. Find out what steps you can take to save your wedding when you run out of money.

It is really, really easy to end up planning a wedding that costs too much, especially because the planning can be spread out over many months. When you are only paying one-third to one-half of what things actually cost, it can be easy to lose track of the grand total. For some families, it is not until they get close to the wedding day and they start adding up all the final payments which are due that they realize they can’t cover their bills. This is a horrible situation for any family. What do you? Cancel the wedding? Stiff your vendors? Charge admission to the reception? No, no, and no.

What you should do first and foremost is have a frank conversation with your wedding venue and vendors. Explain your situation, and ask them how you can work it out. Be clear with them that it is important to them that their bills get paid so nobody thinks you are trying to weasel out paying what you owe them. Maybe the florist would be willing to downsize the centerpieces to trim costs. Or she could skip the expensive extras, such as the crystals in the bouquets to match your crystal bridal jewelry. The photographer might allow you to cut back to a smaller package or to have him come for the ceremony and through the cake cutting only, instead of taking pictures from pre-ceremony until the last dance. As long as the vendors have not actually spent money on supplies for your wedding, they might be willing to re-negotiate your contract.

As for your reception venue, call the event manager at once and make an appointment. Figure out your finances before the meeting so you have a clear idea of the difference between what you owe and what you can actually pay. If the gap is not insurmountably wide, it might be possible to get creative with the wedding menu to get your balance down (again, this would have to be before anything has been ordered for your reception). Choose less costly entrees and appetizers, substitute sparkling wine for imported French Champagne, or change from a full open bar to wine and beer only. In some cases, this will be enough to get your balance down to what you can afford.

If you still cannot afford what you owe the venue, you will have to consider more dramatic measures. Could they change the time of your reception from an evening wedding to a brunch? You could save …

$50,000 Unsecured Personal Loans for Bad Credit Borrowers Are Available – FAST!

It might seem ludicrous that people with bad credit can access significant sums of money fast, but in a world of financial opportunities, this is exactly what can be done. It depends greatly on the lender, of course, but there are $50,000 unsecured personal loans for bad credit borrowers available. It is simply a matter of meeting the criteria and getting the application in order.

How that is done, of course, is where the challenge lies. For people with very low credit ratings, it can mean several months – perhaps even a year – of careful preparation. What is more, getting unsecured loans approved for those with poor credit does not have to be a drawn out process either. It can be achieved fast.

Naturally, it makes little sense to most of us that lenders would approve a $50,000 personal loan without security in less than 24 hours. But there are logical reasons is why.

Reasons Applications are Rejected

The best place to start is to look at the reasons why an application is usually rejected. Needless to say, employment and income are both very important and failure to have them will ensure the application fails. After all, how is a $50,000 unsecured personal loan for bad credit borrowers supposed to be repaid otherwise?

Even with a steady job, the size of your income needs to be sufficient to cover the monthly repayments. Getting a large unsecured loan approved, for those with poor credit especially, can be next to impossible if there is not enough being earned.

Finally, a lack of clear purpose can be enough to turn the lenders off. This is because lenders are not interested in financing a lifestyle. They want to know that their loan is being used responsibly. A $50,000 personal loan with poor credit without security can be used constructively in many ways, not least in consolidating existing debts.

Getting A Cosigner

The difficulties in getting unsecured loans is that the lender has only the income of the applicant, and their word, to rely on. This can be insufficient in the case of a $50,000 unsecured personal loan for bad credit borrowers, where loan size and applicant reputation are both concerns.

By getting a cosigner to effectively guarantee the loan, this problem can be by-passed. A cosigner is legally committed to make repayments when the borrower is unable to. Safe in this knowledge, the lender is more confident of the chances of getting their money back. So, it is easier to get the unsecured loan approved for those with poor credit.

However, be warned that the cosigner for a $50,000 personal loan without security will need to have an impeccable record, with a high credit rating and an income large enough to ensure that payments can be made.

Fast Approval

Perhaps the most puzzling aspect however, is in getting fast approval on such a large sum of money. Normally, a $50,000 unsecured personal loan for bad credit borrowers would have to be carefully considered …

How to Pass the LAPD Test

If you truly want to be a police officer for the Los Angeles police department, then you will need to pass the police officer entrance exam and other requirements associated with being an LAPD cop. The hiring process begins with the PBA better known as the Preliminary background application, and then the JPQ also known as the Job Preview Questionnaire. Those are some initial qualification that you must meet in order to move ahead in the selection process.

The PQE or the Personal Qualification Essay is given at varies locations throughout the city 5 days a week. This means that you no longer have to wait months before you can take the test like 20 years ago.

The bad news about the LAPD exam is that only 30{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of all people who take it actually pass it, but the good new is you can prepare for the test by getting yourself a police exam study guide. The guides are available at any bookstore or online. The bottom-line is your exam score result will either send you ahead in the hiring process or temporally halt your dream until you can retake it again.

There are a total of 8 phases in the Los Angeles Police department recruit hiring process, and they are…

Phase #1 – PBA also known as the Preliminary Background Application

Phase #2- PQE (known as Personal Qualification Essay)

Phase #3- Physical Assessment Test

Phase #4-Background Check

Phase #5- Polygraph Test

Phase #6- Oral Board Interview

Phase #7- Psych Evaluation Test

Phase #8- Sworn in As a Police Officer

In all honesty if you truly want to work for LAPD, you will have to study your tail off in order to pass the examination. However if you don’t pass it the first time, don’t fret simply retake it, and keep retaking it until you get a passing score. Granted there is a waiting period between failed exams, but don’t let that stop you.…

Effect of Liberalisation in Insurance Industry

Introduction

The journey of insurance liberalization process in India is now over seven years old. The first major milestone in this journey has been the passing of Insurance Regulatory and Development Authority Act, 1999. This along with amendments to the Insurance Act 1983, LIC and GIC Acts paves the way for the entry of private players and possibly the privatization of the hitherto public monopolies LIC and GIC. Opening up of insurance to private sector including foreign participation has resulted into various opportunities and challenges.

Concept of Insurance

In our daily life, whenever there is uncertainly there is an involvement of risk. The instinct of security against such risk is one of the basic motivating forces for determining human attitudes. As a sequel to this quest for security, the concept of insurance must have been born. The urge to provide insurance or protection against the loss of life and property must have promoted people to make some sort of sacrifice willingly in order to achieve security through collective co-operation. In this sense, the story of insurance is probably as old as the story of mankind.

Life insurance in particular provides protection to household against the risk of premature death of its income earning member. Life insurance in modern times also provides protection against other life related risks such as that of longevity (i.e. risk of outliving of source of income) and risk of disabled and sickness (health insurance). The products provide for longevity are pensions and annuities (insurance against old age). Non-life insurance provides protection against accidents, property damage, theft and other liabilities. Non-life insurance contracts are typically shorter in duration as compared to life insurance contracts. The bundling together of risk coverage and saving is peculiar of life insurance. Life insurance provides both protection and investment.

Insurance is a boon to business concerns. Insurance provides short range and long range relief. The short-term relief is aimed at protecting the insured from loss of property and life by distributing the loss amongst large number of persons through the medium of professional risk bearers such as insurers. It enables a businessman to face an unforeseen loss and, therefore, he need not worry about the possible loss. The long-range object being the economic and industrial growth of the country by making an investment of huge funds available with insurers in the organized industry and commerce.

General Insurance

Prior to nationalizations of General insurance industry in 1973 the GIC Act was passed in the Parliament in 1971, but it came into effect in 1973. There was 107 General insurance companies including branches of foreign companies operating in the country upon nationalization, these companies were amalgamated and grouped into the following four subsidiaries of GIC such as National Insurance Co.Ltd., Calcutta; The New India Assurance Co. Ltd., Mumbai; The Oriental Insurance Co. Ltd., New Delhi and United India Insurance Co. Ltd., Chennai and Now delinked.

General insurance business in India is broadly divided into fire, marine and miscellaneous GIC apart from directly handling Aviation …

How to Earn Money Fast – Have Your Own Bake Sale

So you have found yourself in another financial pinch, right? Were those bills a little late this month? Did you not make as much money on your last paycheck as you thought you would? Are they cutting hours at work again? Have you had some unexpected problems arise that have cost you money that you really do not have to spend? If you answered yes to any of those questions, there is no doubt that you could use some extra cash right about now.

Depending on your talents and abilities, and the things you like to do, there are hundreds of ways that you could make the money you are so desperate for. Once you are able to bring this extra dough in, you will know in the future exactly how to get yourself out of a financial bind, or how to ensure that you never find yourself in that spot again.

As an example, maybe you really like to bake sweets or make fudge or candies.

This can be a great way to make some extra income. Just have a bake sale! You may already have everything in your cabinet or refrigerator that you need to make up several batches of tasty goodies that you can sell for cold hard cash. A couple cake mixes, some brownie and cookie mixes, a few eggs, some oil and water, and maybe even some sugar, peanut butter, chocolate chips and marshmallow crème for fudge. These are all staples that most people can find stashed away in their cabinets.

You can even invite your friends and family to bake their own goods for even more variety. Not only will you be making money, but you can have a great time doing it.…

Insurance In Tort Laws

INTRODUCTION

This project has been an eye opener for me. It is extremely relevant to the modern times and as the future of India we should understand that it is the common mass that runs the country. Consumer protection rights are an important issue in modern days. The law can be effectively used to stop any abuse of the common people especially illiterate masses who do not understand the rules and regulations which is to be followed while buying particular item. It is law, the controller of the entire society which can stop this abuse from taking place. It can place effective standards guiding a product’s genuinity and the proper verification of its price. No extra taxes should be issued according to the seller’s wish. I have proceeded by referring to the books written by Avtar Singh, Venkat Rao and others. It has been a wonderful and educational delight in going about this topic and making a project which is of greatest importance in the present day scenario.

DEFINITION OF CONSUMER

The words “consumer”, “consumed”, “consumption” is all cognate, and when one is defined, the contents of the definition go into all of them wherever they occur in the same act.

Section 2 of the act wherein ‘consumer’ is defined. According to him, the definition of the consumer will not take a client who engaged the advocate for professional services.

Consumer means any person who-

– Buys any goods for a consideration which has been paid or promised or partly paid and partly promised or under any system or deferred payment and includes any user of such goods other than the person who buys such goods for consideration paid or promised or partly promised or under any system of deferred payment when such use is made with the approval of the person, but does not include a person who obtains such goods for resale or for any commercial purpose

– Hires or avails of any services for a consideration which has been paid or promised or partly paid or partly promised or under any system of deferred payment and includes any beneficiary of such services other than the person who hires or avails of the services for the consideration paid or promised or partly paid or partly promised or under any system of deferred payment when such services are availed of with the approval of the first mentioned person but does not include a person who avails of such services for any commercial support

In Black’s Law Dictionary it is to mean:

One who consumes. Individuals who purchase, use, maintain or dispose of products and services. A member of that broad class of people who are influenced by pricing policies, financing practices, quality of goods and services, credit reporting debt collection and other trade practices for which the state and federal consumer laws are enacted.

OBJECTVES OF THE ACT

The act is dedicated, as its preamble shows, to provide for better protection of rights of consumers and for that purpose …

Is Target Marketing Ethical?

Marketing to specific groups of consumers, or target marketing, is one of the most important concepts in marketing.

Marketers, through the ages, have identified who their customers are, and directed their efforts at influencing their buying decisions. That is their job.

In the last 30 years though, marketers have begun to identify potential buyers based on a number of factors, that make many people uncomfortable. Marketers now direct promotions at those of certain age groups, gender, race, marital status, gender preferences, and just about any other category you can place people in.

This makes many consumers and consumer advocates question the ethicality of these promotions:

Is it fair to direct ads at children when they do not have the understanding and/or capability to judge what is being presented to them?

Is it fair to target ads at elderly, living on fixed incomes, with products that they may not be able to afford?

Should companies be allowed to develop products that are specifically targeted at ethnic groups?

My answer to each of these questions, except the first one, would definitely be, Yes.

Why should a company be restricted from marketing a product to an independent, rationally thinking, adult?

Don’t I, as an adult, have the ability to determine for myself, with some exceptions, what I want to buy?

Now, if there are issues of mental incapacity we have a whole separate issue to address.

But, assuming that the consumer is able to make their own decisions; shouldn’t I as a marketer be able to present information that will help the consumer decide that my product is what they want?

Is targeting of minorities exploitative? Yes, it certainly is. But, so is almost every other kind of marketing. You are trying to exploit a need, a want and definitely a gap in a market that maybe has not been addressed.

Prior to the 1960’s most marketing ignored ethnic minority groups and concentrated on the vast buying power of larger demographic groups. An opportunity existed for companies to address a market, with significant buying power, that had not been addressed before. Is that inherently wrong? That is the way marketing works: Find a gap, develop a plan to address the gap, and then market to that gap. That is sound business practice. If companies do not take advantage of their opportunities they will fail.

Now, none of what I have said above gives companies a free license to do whatever they want, especially when it comes to my one, very absolute exception: Marketing to children and those who cannot be held accountable for their actions. Even as an adult, if I am not capable of making a choice as to the soundness of a buying decision, then I should not be subjected to marketing that may have unreasonable influence over me; And children are certainly not capable of making that decision. However, as an adult parent, I must assume some of the responsibility for buying products that are marketed to children. I must …