Managers can rely on the carrot or the stick to reward or punish employees. Unfortunately, most managers don’t give much thought about how they reward or punish. In dozens of management development courses I have delivered, I have asked managers, what they use to motivate their employees. Most say money. When asked to think deeper about employee motivations they often realize that they have not really given much thought about what motivates employees, much less given much thought about how they as managers do it.

Few have given much thought to the fact that the wrong type of reward can in fact have the opposite effect. I always share with them the story of the top sales representative at a large pharmaceutical company where I used to work. He was the best the company had. Not only did they reward him with bonuses, but they also had many award trips that representatives could win on a quarterly, semester and yearly basis. He practically won them all! He was winning trips to exotic locations and exciting cities all over the country. I was working in a sales operations position at the time. I visited with him to learn more about his success. During our visit I was shocked when he told me how unhappy he was with the company and how he was thinking of leaving!

I soon learned why. He had a large territory and was constantly “on the road”. He also had several small children. While he realized that he had to travel to be successful, he did not appreciate the fact that almost every 3 or 4 months the company expected him to go on these fancy trips, which took him away from his family even more. He asked, why couldn’t they just give him the money or award him with prize points, rather than force him away from his family! Management had never considered if the type of rewards we were offering was really motivating those who received them. The same is true, if not more so, when it comes to punishment. When working on case studies dealing with difficult employees, attendees at my leadership development programs usually respond first by saying simply “fire them”. They also talk about putting them on “performance improvement plans” or other types of punishment. Few have given serious thought about the type of punishment or the manner in which they deliver the punishment and whether it has impact on improving behavior in promoting the desired type of organizational conduct in the future.

In a study designed to discover if the way managers deliver punishment has a positive impact on behavior within organizations, Ball, Revino and Sims showed that “punishment can positively influence subordinates’ subsequent behaviors (and prevent negative behaviors) if the punishment is conducted in a particular way” (1994, p. 314). They found that positive results occurred when punishment was perceived by the employee to be just and “matching the infraction” they committed and “consistent with what others have received” for …

Whenever we are looking for a particular bank product, we of course always want the best for ourselves. There are numerous services that banks offer. The following article intends to outline 10 of the principal services that banks offer and the reasons why we would want the best in each one … for ourselves!

Wanting the best for ourselves is especially true when we are looking for a means to entrust the safe keeping of our money. So where is the best place for your money? Give it to a friend? Put it in a piggy bank? Hide it in a particular place where only you know? Put it into a bank? Well these are some of the possible places and means wherein you can keep your money. But there is one thing that these ways have in common: they are all actually risky. They are all risky in the sense that the money you have entrusted to them are in danger of being spent, destroyed or will be worth less to you when you take the money back.

Of course, entrusting your money to a reliable and trusted bank is one of the most trusted ways to keep your money safe. Of course to do this, you have to open a savings account first before you are allowed to deposit your money with a bank.

Before opening a bank account, it is best practice to carry out any research about any prospective bank. If you think you are satisfied with your research and think that the bank you have chosen can meet all your business and personal needs, then this will be the time for you to enroll yourself and begin to make your deposits.

I Now Have A Bank Account!

Now, you and your money are already relatively safe and secure. I have to congratulate you for finding the best bank for you. However, I would like to reiterate here that all banks vary in the services they provide. A good example of the common services offered is the savings account. This is basically the initial service one can ever have when joining a bank. With regards to services, there are also some cases where some banks offer one type of service and others do not.

10 Services Offered By Banks

For you to have a clear view of a bank's services, I have included 10 of the services that most banks offer to consumer banking customers.

  1. Savings and other Accounts
  2. Online Banking
  3. Wire Services (includes customer care service)
  4. Payroll
  5. CDs
  6. Payments
  7. Collection
  8. Transfer of Funds
  9. Bill Payments
  10. Loans

I have seen a lot of articles that list scriptures for Christian business owners, but rarely do they have practical wisdom that goes with them. Yes, scripture can speak for itself, but when we are struggling Bible verses seem to get glossed over by our stressed out mind.

I want to share with you seven Bible verses with seven thoughts and seven insights. I know when I am going through a tough time, it helps me to ‘hear’ from someone who understands what I am going through. It makes the Bible come to life when someone shares it from a perspective of a Christian entrepreneur.

Worries are like butterflies, they need to be released.

It is easy to worry. There are so many things to think about it can be overwhelming. Take heart… and mind. When we look at the way we try to handle our problems, we often leave God out of the solution. He cares about all the things you go through and is there to help when we ask Him. We must learn to release our worries to God so that He can work wondrous things for us.

Philippians 4:6-7 “do not be anxious about anything, but in everything by prayer and supplication with thanksgiving let your requests be made known to God. And the peace of God, which surpasses all understanding, will guard your hearts and your minds in Christ Jesus.”

Humility lets us bring others into our struggles.

Sometimes when we get caught up in tough times we try to take on everything ourselves. We must learn to delegate and let others help us. We must bring others in to pray for us and with us. We are leaders in our business, but more than that, we are part of a faith community. God wants us to help us with our anxieties and He may have placed people in your life to do just that. We must remember that God cares for us.

1 Peter 5:6-7 “Humble yourselves, therefore, under the mighty hand of God so that at the proper time he may exalt you, casting all your anxieties on him, because he cares for you.”

Our reaction to our struggles defines our success.

We don’t like to go through hard times, but when we do our reaction to those tough times can make or break us. When we redefine our struggles in light of what God is doing and has done in our lives, we find God’s power working even in the tough times.

James 1: 2-4 “Consider it pure joy, my brothers, whenever you face trials of many kinds, because you know that the testing of your faith develops perseverance. Perseverance must finish its work so that you may be mature and complete, not lacking anything.”

Perspectives help us define our problems.

When we go through tough times, we get caught up thinking about all the bad things that could happen. I have an elderly lady at my church tell me, “Quit sowing …

When setting up a business, aside from a good business plan, it is important to use the right location. As in the maxim for real estate, it is all about location. Without a good site, a business idea may be good but will have less chances of success. On the other hand when a business is located in a strategic place, the outcome can be entirely different.

Whether one is setting up a business office or shops in retail area or a commercial building, one has to check that the area is in a good location. Getting a prime location can be a wise investment. It has the advantages of enjoying visibility and good traffic. Recognizable location plays an important factor too. People tend to flock to areas that are well known and have good reputations.

Maintaining a business in an out-of-the-way area may hold allure for some people but this would depend on the nature of the business. Unless one’s business is about rest and recreation, setting up the business in an out-of-the-way site defeats the purpose of doing business.

It is important likewise for it to be accessible. Ideally, the place must be near or accessible to housing developments so that the staff and personnel would have no problems going to and from work. Studies have shown that less travel time between job site and one’s home results to more productive workers and positive attitudes of staffs as well. Commuting can be energy draining especially if travel time is long and involves problems such as traffic jams.

One of the best places to do business in any city would be in the Central Business District or CBD area. Another common name for the area would be downtown. It is here that most financial centres and business activities take place. Big banks and important companies would hold office here. Commercial offices for sale and for rent are likely to be more expensive and may sometimes be hard to come by. However, it is also in these places that business can be done conveniently because of proximity to suppliers and clients alike.

Look for real estate agents or online sites that offer commercial spaces for rent in these prime locations. Most reputable realtors would have a listing of office spaces and shop areas. Some of them may even know of possible locations that may soon be up in the auction market that you can take advantage.…

A person who operates a tour company is a broker. A broker is a middleman. Brokers buy or arrange items or services and sells these items or services to the end buyer. Some examples of brokers are:

Independent insurance agents. These agents do not provide insurance; they arrange insurance for you from an insurance company. Insurance agents usually get a commission from an insurance company.

Stock brokers. Like insurance agents, stock brokers help you buy and sell stock. They don’t own the stock. These brokers also receive a commission based on the amount sold.

Real estate broker. Again, these brokers do not own the properties they sell and they get a commission based on the value of what they sell.

There are also tour brokers. Tour brokers serve a variety of customers. This article is about what a tour brokerage is and the basics of this business.

Here is a good description if what a tour is: A trip with visits to various places of interest for business, pleasure, or instruction.

Here travel is defined: To go from one place to another, as on a trip; journey.

A tour, then, is not only travel but it is travel with the purpose being pleasure or interest. You may think of a tour as extended travel with the object being to see and experience an area. Travel, on the other hand, is usually only about moving from one place to another.

A tour broker works with people on a continuous basis. If you are going to get involved in this type of business you should like working with people – you have to be a people person.

Tour brokers are not travel agents. Travel agents arrange for the travel needs of their customers. Usually a travel agent will only work with individuals or small groups (families, for example). Travel agents also always buy something that is already in place (air travel, car rentals, hotels, etc.), they do not originate anything.

Tour brokers originate – they arrange tours, they arrange the transportation, they arrange the lodging, they arrange the meals, and they arrange other services for their clients. A tour broker plans on what kind of tour he/she wants to operate.

Next, the tour broker makes arrangements for the various components of the tour – transportation, food, lodging, attractions, etc.

There are many types of tour companies. Some offer guided tours of a local area – tours of a city or an attraction, for example. Some offer tours in a natural setting – guided tours through the Grand Canyon fall into this category. Some offer tours to various national and state parks. Some offer tours through a large area, a multi-state tour is a good example.

IF YOU LIKE TO TRAVEL – FOR FREE – THIS IS A GREAT BUSINESS TO BE IN

You may have to do inspections of the hotels and attractions that you will be making a part of your tour. If you have been taught correctly you will know …

If you have decided that starting a cake business from home is perfect for you, then you may have some initial questions. Overall, a cake business is reliably straightforward but chocked full of options when it comes to equipment and supplies. Let's go over some of the general products you may need for your cake business and some of the extra specialty items you may enjoy having.

1. Heavy Duty Mixer – most people own a mixer but you may want to upgrade if you are planning on starting a cake business from home.

2. Pans – As you know, these come in all shapes and sizes. Your three basic include your circular, versatile or character shaped. Tip: Do not skimp on good quality cake pans, it does make a difference!

3. Large, heavy duty cooling racks.

4. Turntables for decorating. Make sure they are sturdy!

5. Good, quality separators for multi-layered cakes.

6. A camera to take beautiful pictures of your cakes so future clients can see your work.

7. An air brusher is definitely an item that is not necessary. But, as your business grows and your cake decorating art develops, you may want to invest in one.

8. A projector for the more serious cake business entrepreneurs. This will help you intensify the designs that go onto your specialty cakes. Again, this is not a necessity but definitely a luxury for those who want it.

9. Bowls and spatulas for mixing!

10. Food colors for painting!

11. Obviously an oven for baking the cakes themselves.

12. Icing tubes, icing bags and accessories.

13. Rolling pins, non-stick boards and mats.

14. Brushes for painting if you are into that sort of decorating for your cake business.
15. Thermometers.

16. Dummy Cakes.

17. Knives and Cake Levelers.

18. Flower making accessories are a great investment to help add a little style to your cakes.

19. Books on cake businesses and cake decorating for new ideas and tips.

20. A couple of great web resources such as sites or forums where you can talk to other cake decorators, ask questions and share your knowledge with others!

Now, if you did not before, you have a great list to start from. Some of these items are less necessary than others. It is up to you how much you can invest in the start-up of your business. If you just want to begin making one-layered birthday cakes then you may not need everything on this list. But who knows, hopefully your business will boom from the beginning and then you will need every item on this list and more! …

Risk management in financial planning is the systematic approach to the discovery and treatment of risk. The objective is to minimize worry by dealing with the possible losses before they happen.

The process involves:

Step 1: Identification

Step 2: Measurement

Step 3: Method

Step 4: Administration

Risk Identification

The process begins by identifying all potential losses that can cause serious financial problems.

(1) Property Losses – The direct loss that requires replacement or repair and indirect loss that requires additional expenses as a result of the loss.

(For example, the damage of the car incurs repair cost and additional expenses to rent another car while the car is being repaired.)

(2) Liability Losses – It arises from the damage of other’ property or personal injury to others.

(For example, the damage to public property as a result of a car accident.)

(3) Personal Losses – The loss of earning power due to death, disability, sickness or unemployment and the extra expenses incurred as a result of injury or illness.

(For example, the loss of employment due to cancer and the required treatment cost in addition to normal living expenses.)

Risk Measurement

Subsequently, the maximum possible loss (i.e. the severity) associated with the event as well as the probability of occurrence (i.e. the frequency) is quantified.

(1) Property Risk – The replacement cost necessary to replace or repair the damaged asset is estimated by a comparable asset at the current price. Indirect expenses for alternative arrangements like accommodation, food, transport, etc, needs to be taken into account.

(2) Liability Risk – This is considered to be unlimited as it will depend upon the severity of the event and the amount the court awards to the aggrieved party.

(3) Personal Risk – Estimate the present value of the required living expenses and additional expenses per year and computing it over a predetermined number of years at some assumed interest rate and inflation.

Methods Of Treating Risk

A combination of all or several techniques are used together to treat the risk.

(1) Avoidance – The complete elimination of the activity.

This is the most powerful technique, but also the most difficult and may sometimes be impractical. In addition, care must be taken that avoidance of one risk does not create another.

(For example, to avoid the risk associated with flying, never take a flight on the plane.)

(2) Segregation – Separating the risk.

This is a simple technique that involves not putting all your eggs in one basket.

(For example, to avoid both parents dying in a car crash together, travel in separate vehicles.)

(3) Duplication – Have more than one.

This technique requires preparation of additional back up(s).

(For example, to avoid the loss of use of a car, have 2 or more cars.)

(4) Prevention – Forestall the risk from happening.

This technique aims to reduce the frequency of the loss occurring.

(For example, to prevent fires, keep matches away from children.)

(5) Reduction – Minimize the magnitude of loss.

This …

At 16, each child leaving school gets a Record of Achievement folder. The National Record of achievement or NRA is recognised throughout the UK and can be used as evidence of the holder’s achievements whilst at school.

The NRA can be taken to job interviews, colleges, apprenticeships or whatever route you plan to take on leaving school. It shows other people how you’ve spent your time in education and the positive things that you have to offer. The NRA is also a useful way to see what you’ve achieved so far in black and white and think about what to do next.

Before the NRA

There are a number of processes that lead up to you receiving your NRA.

Throughout your time at school you’ll be required to take part in a number of activities relating to the National Record of Achievement Folder, these will include:

  • Keeping evidence of achievements and building a portfolio
  • Assessment of your progress through reports and examination
  • Planning your next actions and setting targets to improve your NRA

What does the Record of Achievement Folder Look Like?

The NRA is generally presented in a burgundy folder, but your school may have chosen a different type of folder for their students. A number of standard sheets should be placed inside the folder including:

  • Your name, address and personal details
  • A summary of your educational achievements
  • A personal statement

You can also include any other records that could be useful when applying for a job, apprenticeship or college place, such as:

  • Credits and qualifications
  • Work experience history
  • Employment history
  • Awards
  • Attendance records

In addition the NRA will include an Accreditation Certificate which demonstrates that your school has monitored and organised the processes of achievement correctly.

Now What?

You should be preparing your Record of Achievement folder throughout year 11 as job and college interviews can happen quite quickly. In most cases if you’re planning to attend college, interviews will start around Christmas time so your NRA needs to be prepared by then.

Take evidence of anything you feel may be relevant to what you want to do. For example, if you want to study English then take photocopies of your most impressive essays. If you’re planning to find an apprenticeship in the building trade then take photos of the things you learn or anything you make at school which could support your application.

However, it’s also important to tailor your NRA so it’s fit for purpose. In other words be selective about what you include when you’re showing it to different people. For instance, if you’re planning a practical apprenticeship your interviewer will want to know your GCSE grades and see evidence of your practical achievements, they won’t want to read your essay on Richard III.

During year’s 10 and 11 you’re entitled to lots of help with your NRA. Your personal tutor should have at least three meetings with you to look at your folder and help you get organised. In addition, you’ll get help writing …

Would you pass a safety test? As a woman, do you feel safe while traveling, going to the supermarket, getting in and out of your car, or even sitting at home watching TV? Do you live your life in a safe mode or do you believe that nothing untoward will ever happen to you? It behooves us all, women and men alike, to develop our own personal safety plan.

I like to live my life by following what I call the Three A’s…be Alert, be Aware and Always be at the ready. The following tips are mostly common sense but always bear repeating. We can no longer enjoy the luxury of safety. We must take the initiative and look out for ourselves.

Staying alert to our surroundings, to everyone in our immediate environs, is of utmost importance. Too often we walk by people with our head down, totally ignoring who is coming our way or walking past us. This is a mistake and could lead to a fatal mistake. Pretend you’re a law enforcement officer. What do they do when they’re out in public? They are alert. They look people in the eye, noticing their movements, their facial expressions, making a mental note of their facial characteristics, how they’re dressed. The majority of the time this may turn out to be an exercise in futility but we never know when this information that we’ve assimilated may come in handy. We never set out for the day thinking that we might be a victim of a crime or a witness to a crime.

Here are some tips to Always keep in mind:

· If your big concern is rape, remember that most rapists (according to the rapists themselves) look for women with hairstyles that make it easy to grab them – a long ponytail or braid or any hairstyle that can easily be grabbed. Rapists like women with long hair. I’m not advising that women cut their hair off, but just be aware of your hairstyle as you go about your daily activities.

· Keep your cell phone easily Accessible so you don’t have to search through your purse looking for it, thereby being distracted from your surroundings.

· Be especially Alert in parking lots, even at your neighborhood grocery store. Public restrooms are other places where we’re particularly vulnerable.

· If you’re confronted by someone you feel is suspicious, talk to them, ask them a question, look them earnestly in the face, studying their looks. This will let any potential rapist know that you could identify them in a police lineup.

· If you feel that someone is approaching you in a threatening manner, hold your hands out in front of you and yell “Stop.” Let them know you will not be an easy target. Rapists don’t want anyone who is going to be a problem.

· Always carry pepper spray with you and make sure it is handy at all times. You don’t want to be searching through your …

If you are considering starting any new business venture, or getting into MLM/Network Marketing in particular, you owe it to yourself to read this article — particularly if you are a newbie.

These days, most people are familiar with MLM/Network Marketing. However, most have never heard of Cooperative Marketing. Those that aren’t may find the content herein to be shocking and amazing, if not revelatory and potentially life-changing.

Cooperative Marketing has been around for a long time in the mainstream business world, but it is relatively new to the “home-based business” world. The term can mean many things, but in general it means that the retailer is receiving marketing assistance from the manufacturer, supplier or other large-scale enterprise. Such advertising “co-ops” are common in many brick-and-mortar industries, including the grocery, insurance and publishing businesses.

In the case of a home based business, it means the company you are working with is taking on a major burden that normally would fall to you: the marketing of the product. In fact, the better Cooperative Marketing companies do much more than this, including actual selling, distribution and customer service. To date, only a relative handful of companies use this business model (compared to the hundreds of MLMs out there).

More’s the pity, because a growing number of “work at home” authorities consider it the far superior business model — both for the companies in question and for their individual representatives. Though the two business models have many similarities, they are more clearly defined by their differences, which are explored in this article.

MLM (MULTILEVEL MARKETING)/NETWORK MARKETING

As you probably know, the MLM/Network Marketing business is a huge industry. Many household names (Amway, Avon, Mary Kay, Herbalife, Shaklee, etc.) have had tremendous success using this business model, and many thousands of representatives (also called associates or distributors) have built profitable businesses in the industry. A smaller but still sizable number have built successful enough businesses to live very, very well indeed.

The MLM/Network Marketing business is based on the idea that reps are responsible for just about everything in their business, other than producing the product and handling commissions and bonuses. The company does these last chores, while the representative must undertake tasks which many find difficult and even onerous.

First, reps must find their own customers. Second, they must find new people to join their businesses with them. This is known as building a downline, and great success in the industry is predicated on having a large and thriving one. Specific business plans vary from company to company, but generally speaking you will not reach the top of the leader boards by selling alone. Third, reps may be required to order certain minimal levels of product every month, warehouse those products, distribute them, handle returns, etc.

While it is true many people have had great success in MLM/Network Marketing, it is also true that a far greater number have had little or no success. The plain truth is, not everyone is cut out …