Evergrande real estate firm makes missed September bond payment, avoids default

Saturday, October 23, 2021

China property giant Evergrande Group wired USD83.5 million in interest owed in an offshore bond from September 23 on Thursday, temporarily averting default, according to a Reuters source and Chinese newspaper Securities Times.

The wire to a Citibank fiduciary account following a 30-day grace period came after assurances by various members of the Chinese government, Reuters reported. At a Beijing forum Wednesday, Chinese Vice Premier Liu He described the risks as controllable, and chairman of the China Securities Regulatory Commission Yi Huiman said that while authorities needed to curb excessive debt more broadly by “improv[ing] the effectiveness of the constraint mechanism on debt financing”, the matter would be dealt with properly.

Once China’s top real estate developer, Evergrande had accumulated approximately USD305 billion in liabilities, two per cent of the Chinese gross national product, after “dwindling resources” cut its value by 80%, according to Reuters. September data revealed Chinese home sales by value fell by nearly 17% year-on-year, according to The Guardian, and fears over its default led to a slowdown in China’s third quarter GDP growth to a year low of 4.9%. Two sale negotiations with rival developers Hopson Development and Yuexiu, valued at USD2.6 billion and USD1.7 billion, respectively, were suspended, reportedly due to a lack of consent by the government of Guangdong province currently overseeing Evergrande’s restructuring.

News of Evergrande’s remittance caused its shares to rise by as much as 7.8% this morning after a two-week pause in trading for the anticipated sale of 50.1% in Evergrande Property Services Group, and offering some reprieve for bondholders, according to Reuters. Portfolio manager at GaoTeng Global Asset Management James Wong, interviewed by The Guardian, called the news “a positive surprise”, adding “[i]f Evergrande pays this time, I don’t see why it won’t pay the next time.” Jun Rong Yeap for IG Asia pte., interviewed by Bloomberg, said the report “overturned” the narrative “that Evergrande will face difficulty in securing cash ahead”.

Further missed payments are due October 29 and November 11 after similar 30-day grace periods; including yesterday’s USD83.5 million, nearly USD280 million is owed to bondholders.

Stocks have been down for many major Chinese developers: Reuters Wednesday reported year-to-date stock prices fell 87.8% for Sinic Holdings, currently in Fitch Ratings’ ‘restricted default’ after failing to make an October 18 bond payment valued, according to The Guardian, at USD246 million; 80.2% for Evergrande itself; 78.3% for E-House, 58.5% for Fantasia Holdings and 54.6% for Kaisa Group, which defaulted in 2015 and had bonds reach record lows.

Estimates of the Chinese real estate market’s size range from 16 to 25% of the Chinese gross domestic product, according to The Guardian. Chinese President Xi Jinping’s aim to transform the country’s economy from one of debt-fuelled “inflated” growth to one of improved “quality and returns” included imposing regulations on developers that limited their capacity to borrow. A Guardian comment piece from economist George Magnus published on October 15 made reference to China’s “ghost cities” and “rampant credit creation” that has given rise to high vacancy rates and the “financialisaton of housing”.

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Categories
Pipes

Four Categories Of Plumbing Service Every Homeowner Should Be Aware Of

byAlma Abell

Although many long-time homeowners have their go-to plumbers in Atlanta for everyday plumbing concerns, not all plumbers are able to respond to all plumbing needs. In fact, there are four key categories of plumbing service: maintenance, service and repair, emergency service, and water filtration systems service. Whenever possible, try to select a plumber that is able to provide all four types of service.

Maintenance

Regular maintenance checks and tune-ups can be vital for the efficiency and overall upkeep of your home’s plumbing. Homeowners are generally encouraged to schedule a maintenance visit every year. These maintenance visits can help to keep your pipes and appliances in working order by preventing any small existing problems from worsening. Quality plumbers in Atlanta will check for any exposed leaks, test water pressure, and make sure that all drains have no blockages.

Service and Repair

Perhaps the most common reason that homeowners call the plumber is for low-order concerns, such as leaky faucets, clogged drains, and poor water pressure. Most plumbers deal with these types of issues every day, and can easily assist you. The ideal plumbing repair service will respond to these problems quickly and professionally, allowing you to get on with your day.

Emergency Service

Sometimes, pluming issues are direr than a mere leaky faucet. In cases such as these, you need to have an experienced plumber on file to get rapid service. Plumbers offering emergency service should be at your door as soon as possible after you make the call, working to solve the problem and protect your home from any water or waste damage.

Water Filtration Systems

Particularly when moving into a new home, many homeowners find that their tap water does not meet their taste expectations. There are several simple mechanisms that your plumber can put in place to solve this problem and improve the taste of your tap water. However, always remember that water purification systems should only be installed by a licensed and experienced plumber.

The Ideal Plumbing Service Provider

Homeowners should be aware of the many different services associated with plumbing. Generally speaking, you should do your best to select a plumbing service provider with experience in all four categories. That way, you can call a single number for all of your plumbing needs and never have to be worried about being left hanging. Versatile plumbers in Atlanta that are able to work to meet your needs are far more helpful than those that cannot do so. Click here for more information.

When looking at plumbers in Atlanta, it’s important to keep in mind the four different categories of plumbing service that you may require of your plumber. These categories are maintenance, service and repair, emergency service, and water filtration systems. The most qualified plumbers in Atlanta should be able to assist you in any of these four areas. Get in touch with R.S. Andrews. Atlanta for more details.

Colleges offering admission to displaced New Orleans students/LA-ND

See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.

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Viktor Schreckengost dies at 101

Sunday, January 27, 2008

Viktor Schreckengost, the father of industrial design and creator of the Jazz Bowl, an iconic piece of Jazz Age art designed for Eleanor Roosevelt during his association with Cowan Pottery died yesterday. He was 101.

Schreckengost was born on June 26, 1906 in Sebring, Ohio, United States.

Schreckengost’s peers included the far more famous designers Raymond Loewy and Norman Bel Geddes.

In 2000, the Cleveland Museum of Art curated the first ever retrospective of Schreckengost’s work. Stunning in scope, the exhibition included sculpture, pottery, dinnerware, drawings, and paintings.

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China downgrades its diplomatic relations with Lithuania over Taiwan

Sunday, November 21, 2021

The Chinese Government downgraded its diplomatic ties with Lithuania. The Baltic state had allowed Taiwan to establish a ‘de facto’ representative’s office in the country’s capital. The Ministry of Foreign Affairs of the People’s Republic of China issued a press statement which clearly expressed “strong dissatisfaction” over Lithuania’s move in approving Taiwan to open a representative’s office in Vilnius.

Lithuania expressed regret over China’s comments and defended its right to maintain relations with Taiwan. China claims this was a violation of the ‘One-China Policy’. On 14 November, the Lithuanian Prime Minister Ingrida Šimonyt? said, “Our government’s programme says Lithuania wants a more intense economic, cultural and scientific relationship with Taiwan, I want to emphasize that this step does not mean any conflict or disagreement with the ‘One-China policy’.”

Beijing had already expressed concerns over the representative’s office using the name ‘Taiwan’ and had recalled its ambassador from its embassy in Lithuania in August. China has decided to lower its level of relations by appointing a chargé d’affaires instead of an ambassador. Chinese foreign ministry spokesperson Zhao Lijian told at a news conference, “Lithuania only has itself to blame, it will have to pay for what it did.” Meanwhile China is discussing a new legislation that would make supporters of Taiwan criminal offenders. China’s Taiwan Affairs Office spokesperson Zhu Fenglian said in a statement earlier this month, that people listed in the list of supporters of Taiwan’s Independence would face serious criminal sanctions.

Poland has also shown support towards Lithuania’s decision of approving to establish a representative’s office of Taiwan in Vilnius. The United States has also offered financial support to Lithuania to help it withstand Chinese pressure. Lithuania will also sign a $600 million export credit agreement with the U.S. Export-Import Bank on November 24. Lithuania also decided to pull out from the Beijing-led trade grouping with Central European countries.

[edit]

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Categories
Plastic Surgery

Looking For A Change? Plastic Surgery Advice You Can Use

Looking For a Change? Plastic Surgery Advice You Can Use

by

Narconon Fresh Start

Average individuals around the world are making drastic decisions to change their lives and improve their appearance. Sometimes these decisions involve plastic surgery. If you are one of the millions of individuals considering these procedures, you probably have a lot of questions. This article will help to answer some of those questions and remove some of the confusion surrounding these procedures.

You want to do your best to find a surgeon that will be truthful and honest with you at all times. Make sure to ask about the risks involved with your procedure. If the surgeon acts like there is no possible risk and discounts your fears, you should not allow him to do your surgery.

When it comes to your health and plastic surgery, be sure that you make sure that you are having plastic surgery done for the right reasons. This is important because you want to make sure that you decide why you are having it done in order to ensure that you are not making a poor decision.

[youtube]http://www.youtube.com/watch?v=0CcoUyjz8uo[/youtube]

Make sure your plastic surgeon is board certified. Board certified surgeons have to undergo important on-going training. They must continue to meet certain criteria. If you visit with a surgeon who is not board certified, you might be compromising your safety. Even at a low price, it is not worth it.

Have you already checked your surgeon\’s school, and now you feel completely comfortable? Well, there is one more step that you should look into- malpractice. All malpractice lawsuits are available on the public record. This can help you to see if your potential surgeon has had any past botch jobs.

One important aspect of surgeon research prior to plastic surgery is an investigation of the surgeon\’s malpractice history. You want to know if he or she has had any claims filed against him or her. Although any surgeon may end up with a dissatisfied patient, multiple claims would be a big red flag.

Be comfortable when you go in for a procedure. Although plastic surgery is elective and relatively minor, it\’s still surgery. The entire process is inherently stressful. In order to minimize your stress, and make your surgery go more smoothly, take the time to familiarize yourself with the team that will be working with you. Visit the hospital, or clinic ahead of time. This way it\’s not an unfamiliar environment.

Talk to your doctor about what specific procedure is going to get used during the surgery to prevent blood clot. Knowing this will not only inform you as to what is going on while you are unconscious, but will also give you indications of possible risks and what the surgical team can do about them.

Be in the best health possible when getting plastic surgery done in order to avoid complications. Eating healthy and quitting smoking can be two of the greatest things you can do to ensure that you stay healthy. Consider taking some Vitamins A and C as it can also help with the process.

Even surgeries performed by the most experienced plastic surgeons have the potential to leave scars. Before committing to a procedure, consider the health of your skin and whether or not you are prone to scarring. Those with pale and fairer skin are far more likely to experience reddened, welt-like scars. Darker skin tones are at risk of developing dark, keloidal scarring.

Plastic surgery is an increasingly common event for many individuals. If you are one of those individuals, you might have a lot of questions and need answers. Hopefully, this article has provided some of those answers and removed some of the confusion surrounding these medical procedures. Use the information wisely to make good decisions.

Plastic surgery is usually a preference of lot as everyone in this world specially women\’s want to look beautiful and this method helps them to improve their beauty.Here we are dealing the same as

Dr. Humberto Uribe Morelli

Plastic surgeons in Colombia is specialist on beauty enhancement through various medical and non-medical procedures.

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ArticleRich.com

Woman in Buffalo, New York accidentally sets herself on fire

Tuesday, January 22, 2008

Buffalo, New York —A woman in Buffalo, New York in the United States is in critical condition tonight at Sisters Of Charity Hospital after she accidentally set herself on fire.

The unnamed elderly woman was receiving oxygen for medical problems in her home and lit a cigarette, and the oxygen coming from her mask facilitated the ignition of her clothing, setting her on fire.

Despite her “severe” burns as described by firefighters on radio communications, she was still able to dial the emergency line in the U.S., 911.

In the U.S. only 4% of all residential fires were reportedly caused by smoking materials in 2002. These fires, however, were responsible for 19% of residential fire fatalities and 9% of injuries. The fatality rate due to smoking is nearly four times higher than the overall residential fire rate; injuries are more than twice as likely. Forty percent of all smoking fires start in the bedroom or living room/family room; in 35% of these fires, bedding or upholstered furniture are the items first ignited.

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Controversial development training cited in religious discrimination lawsuits

Friday, May 23, 2008

A controversial development training course called “Landmark Forum” is cited in religious discrimination lawsuits in United States federal courts in New York and Washington, D.C. The seminars are run by a San Francisco, California-based for-profit training company called Landmark Education. The company evolved from Erhard Seminars Training “est”, and has faced criticism regarding its techniques and its use of unpaid labor. The sperm bank and surrogacy company Los Angeles-based Growing Generations is named as a defendant in the New York lawsuit, and the Democratic political action committee Twenty-First Century Democrats is a defendant in the Washington, D.C. case.

In separate lawsuits filed in the United States District Court for the Southern District of New York in Manhattan, New York, and in the United States District Court for the District of Columbia in Washington, D.C., former employees are suing their employers for monetary damages and claiming religious discrimination after their employers allegedly mandated that they attend courses at Landmark Education.

In the US$3 million federal lawsuit filed in New York, Scott Glasgow is suing his former employer Growing Generations and its CEO Stuart Miller. Growing Generations maintains sperm banks and also arranges surrogacy for gay couples who wish to have children. The company has offices in New York and Los Angeles, and has done business with celebrities including actor B. D. Wong of Law & Order: SVU.

Glasgow was marketing director of Growing Generations, and claims he was fired in June 2007 after refusing to continue attending Landmark Education seminars. Glasgow is also suing for sexual harassment, and claims Miller came on to him in September 2006. He made approximately $100,000 per year as the company’s marketing director, and was the company’s only employee based out of New York City. The company’s main offices are in Los Angeles.

I want them to stop imposing Landmark on the employees, and I want an apology.

“I was shocked when I was fired. It took me months to right myself. I want them to stop imposing Landmark on the employees, and I want an apology,” said Glasgow in a statement in The Village Voice. Brent Pelton, one of Glasgow’s attorneys, stated that: “The Landmark philosophy is deeply ingrained in the culture of the company”. Glasgow said that the Landmark Education training courses were “opposite” to his Christian beliefs. According to Glasgow he was questioned by Miller in May 2007 after he walked out of a Landmark Education course, and was fired shortly thereafter. “We stand by the allegations contained in the complaint and we look forward to proving them at trial,” said Pelton in a statement to ABC News.

Ian Wallace, an attorney who represents Growing Generations, claimed that Glasgow wasn’t fired but walked away from his position. “Growing Generations and Mr. Miller are very confident that these claims will be dismissed ultimately, and there’s no factual basis for them whatsoever,” said Wallace in a statement to The Village Voice. Lawyers representing Growing Generations and Stuart Miller declined comment to The New York Post, and did not immediately return a message from ABC News.

In Glasgow’s complaint, entered into federal court record on April 18, he asserts that Landmark Education constitutes a “religion”, and “perceived their philosophy as a form of religion that contradicted his own personal beliefs”. He states that when he was promoted to Director of Marketing, he asked Miller if he could stop attending the Landmark sessions but was told that they were mandatory for all of the company’s executives and that Landmark is “very much the language of the company.” Glasgow said his performance at the company was assessed based on how he was “touching, moving and inspiring” others, a phrase from the Landmark philosophy, as opposed to his business accomplishments at the company. The complaint claims that the actions of Miller and Growing Generations violated Federal, New York State and New York City civil rights laws.

The lawsuit filed in federal court in Washington, D.C. deals with a separate plaintiff and company, but the plaintiff in the suit also claims that religious discrimination took place for allegedly being mandated to attend Landmark Education courses. Kenneth Goldman is suing the United States Democratic political action committee Twenty-First Century Democrats (also 21st Century Democrats) and its former executive director Kelly Young. Goldman was formerly the communications director of 21st Century Democrats.

According to Goldman’s complaint, three employees of 21st Century Democrats were fired after refusing to attend the Landmark Forum course. The complaint asserts that Landmark Education has “religious characteristics and theological implications” which influenced the mission of 21st Century Democrats and the way the organization conducted business. Goldman’s complaint states that in addition to himself, a training director and field director were also fired after they made it clear they would not attend the Landmark Forum.

Goldman says executive director Young infused Landmark Education jargon terms into staff meetings such as “create possibilities”, “create a new context”, and “enroll in possibilities”. He also claims that Young “urged” staff members to participate in Landmark Education events outside of the workplace, drove employees to and from Landmark functions, and used funds from 21st Century Democrats to pay for employees to attend those functions. Goldman’s complaint asserts that he was discriminated against in violation of the District of Columbia Human Rights Act.

While we are not a party to this lawsuit and have no firsthand knowledge of it, we can only assume that we are being used as a legal and political football to further the plaintiff”s own financial interests.

In a statement in The Washington Times, the executive director of 21st Century Democrats, Mark Lotwis, called the lawsuit “frivolous” and said: “we’re going to defend our organization’s integrity”. Landmark Education spokeswoman Deborah Beroset said that the Landmark Forum “is in no way religious in nature and any claim to the contrary is simply absurd,” and stated: “While we are not a party to this lawsuit and have no firsthand knowledge of it, we can only assume that we are being used as a legal and political football to further the plaintiff”s own financial interests.”

The New York lawsuit was filed April 14, and is still in early filing stages. A conference with the federal court judge in the case has been scheduled for June 17. The Washington, D.C. suit began in November 2007, and entered mediation this past March. As of April 15 the parties in the case were due back to court on July 11 to update the court on the mediation process.

Landmark Education is descended from Erhard Seminars Training, also called “est”, which was founded by Werner Erhard. est began in 1971, and Erhard’s company Werner Erhard and Associates repackaged the course as “The Forum” in 1985. Associates of Erhard bought the license to his “technology” and incorporated Landmark Education in California in 1991.

This is not the first time employees have sued claiming mandatory attendance at “Forum” workshops violated their civil rights. In a lawsuit filed in December 1988 in the United States District Court for the Northern District of Georgia, eight employees of DeKalb Farmers Market in Decatur, Georgia sued their employer claiming their religious freedom and civil rights were violated when they were allegedly coerced into attending “Forum” training sessions. “Many of these training programs, particularly at large corporations, claim to be purely psychological, aimed at improving productivity and morale and loyalty. But in fact they are religious,” said University of Denver religious studies professor Carl Raschke in a statement to The Wall Street Journal.

The DeKalb Farmers Market employees were represented by lawyers for the American Civil Liberties Union. Consulting Technologies Inc., an affiliate of Transformational Technologies Inc., was named as a party in the lawsuit. Transformational Technologies was founded by Werner Erhard, and was not named as a party in the suit. The “Forum” course that the employees claimed they were mandated to attend was developed by Werner Erhard and Associates. Employees said that they were fired or pressured to quit after they objected to the Forum courses.

The workers claimed that the Forum course contradicted with their religious beliefs. The plaintiffs in the suit included adherents of varying religious backgrounds, including Christianity and Hinduism. “The sessions put people into a hibernating state. They ask for total loyalty. It’s like brainwashing,” said Dong Shik Kim, one of the plaintiffs in the case. The plaintiffs said they lost their jobs after objecting to a “new age quasi-religious cult” which they said was developed by Werner Erhard.

The DeKalb Farmers Market denied the allegations, and an attorney for the company Edward D. Buckley III told The Wall Street Journal that employees were encouraged, not coerced, to attend the training sessions. According to The Wall Street Journal, The Forum said it would not sanction workers being coerced to attend its training sessions.

The parties in the DeKalb Farmers Market religious discrimination case came to a settlement in May 1989, and the case was dismissed with prejudice in June. The terms of the out-of-court settlement were not made public, but the employees’ attorney Amy Totenberg told The Wall Street Journal that the case “has made employers come to grips with the legitimate boundaries of employee training”.

According to Title VII of the Civil Rights Act of 1964, employers must “reasonably accommodate” their employees’ religious beliefs unless this creates “undue hardship”. In September 1988, the Equal Employment Opportunity Commission issued a policy-guidance notice which stated that New Age courses should be handled under Title VII of the Act. According to the Commission, employers must provide “reasonable accommodation” if an employee challenges a training course, unless this causes “undue hardship” for the company.

In October 2006, Landmark Education took legal action against Google, YouTube, the Internet Archive and a website owner in Queensland, Australia in attempts to remove criticism of its products from the Internet. The company sought a subpoena under the Digital Millennium Copyright Act in an attempt to discover the identity of an anonymous critic who uploaded a 2004 French documentary of the Landmark Forum to the Internet. “Voyage au pays des nouveaux gourous” (Voyage to the Land of the New Gurus) was produced by Pièces à Conviction, a French investigative journalism news program. The Electronic Frontier Foundation represented the anonymous critic and the Internet Archive, and Landmark withdrew its subpoena in November 2006 in exchange for a promise from the anonymous critic not to repost the video.

Landmark Education itself has come under scrutiny for its controversial labor practices. The company has been investigated by the United States Department of Labor in separate investigations originating out of California, Colorado, and Texas. Investigations focused on the heavy reliance of unpaid labor in the company’s workforce, which Landmark Education calls “assistants” and deems volunteers.

An investigation by the U.S. Dept. Labor based out of Colorado found that activities performed by Landmark Education’s “assistants” include: “office, clerical, telephone solicitation and enrollment, as well as greeting customers, setting up chairs, handling microphones during the seminars and making coffee. Additionally, a number of volunteers actually teach the courses and provide testimonials during and after the courses.” The Colorado investigation’s 1996 report found that “No records are kept of any hours worked by any employees.” According to a 1998 article in Metro Silicon Valley: “In the end the Department of Labor dropped the issue, leaving Landmark trumpeting about its volunteers’ choice in the matter.” Metro Silicon Valley reported that Landmark Education at the time employed 451 paid staff, and also utilized the services of 7,500 volunteers.

After an investigation into Landmark Education’s labor practices by the U.S. Dept. Labor’s offices out of California, the company was deemed to have overtime violations. According to the Department of Labor’s 2004 report on the investigation, back wages of $187,569.01 were found due to 45 employees. An investigation by the U.S. Dept. Labor in Texas which concluded in 2005 stated: “Minimum wage violation found. Volunteers (Assistants) are not paid any wages for hours worked while performing the major duties of the firm. The assistants set up rooms, call registrants, collect fees, keep stats of classroom data/participants, file, they also are answering phones, training and leading seminars.”

The Texas investigation also discovered an overtime violation. Landmark Education agreed to pay back wages for the overtime violation, but did not comply with the overtime violation found by the U.S. Dept. Labor for the “assistants”. Landmark Education denied that the “assistants” are employees, though the Department of Labor report concluded: “Interviews reveal that the employees are taking payments, registering clients, billing, training, recruiting, setting up locations, cleaning, and other duties that would have to be performed by staff if the assistants did not perform them.”

According to the 2004 investigative report by Pièces à Conviction in the “Voyage au pays des nouveaux gourous” program, Landmark Education was investigated by the French government in 1995. In the “Voyage au pays des nouveaux gourous” program volunteers were filmed through a hidden camera and shown performing duties for Landmark Education in France including manning phones, recruitment and financial work for the company, and one volunteer was shown cleaning a toilet.

Le Nouvel Observateur reported that after “Voyage au pays des nouveaux gourous” aired in France, labor inspectors investigated Landmark Education’s use of unpaid volunteers. According to Le Nouvel Observateur, one month after the labor investigation took place the French branch of the company had disbanded. A former “Introduction Leader” to the Landmark Forum, Lars Bergwik, has recently posted a series of videos to YouTube critical of the company and its practices. Bergwik appeared on a 2004 investigative journalism program on Sweden’s Channel 4, Kalla Fakta (Cold Facts). According to Bergwik, after the Kalla Fakta program on Landmark Education aired, “Landmark left Sweden”.

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Categories
Communication Skills Training

Finally Take Control Of Your Business

Finally Take Control of Your Business

by

Advantage Accountants SA

Many business owners have strategy of ‘Crisis Management’ which means that they do a little or nothing in controlling of their business until things get so bad and crisis emerge. Ideally as a business owner and manager you should take preventive steps and measures not to allow a crisis to happen in the first place.

[youtube]http://www.youtube.com/watch?v=G17zp0_26xU[/youtube]

The real problem in controlling of your business is that the most of the value of your business is actually intangible asset so controls have to follow this rule as the most important and valuable things in this in life and in business are the ones our eyes cannot see. For example the biggest value of your business could be your clients or suppliers list, your employee’s knowledge or exclusive contracts. The real question is how to control your suppliers to deliver on time or your customers to pay on time, or your employees to be more productive? Cash is king! Cash budget is the ultimate tool for controlling your business. There is a great chance that if you have realistic cash budget and it is on the target everything else in your business will fall in place. Cash is the lifeblood of your and any other business and without cash your business cannot survive. Therefore your have to closely monitor your cash input and output on daily basis. Many business owners have their cash budget in their heads without realizing what they are doing however if your put it on paper you will be able to plan for a longer periods of time. This will allow you to see if you are doing well or it may be better to shut down your business operations. Cash is not the same as profits and having a ‘profit budget’ cannot replace ‘cash budget’. Your business can be profitable and in the same time you may be insolvent and one step to bankruptcy. For a professional service see your accountant. Performance controls Performance controls are related to profitability and if controls over your cash flow are in place this is your next step. Business is defined as ‘an activity with a view for a profit’ and this is possible if you increase your income, cut your costs or increase your prices. Bookkeeping is the ultimate tool and method to control your profitability as you or your accountant will be able to track and analyze all your income and expenses. Key to increase your profitability may be to have better control over your employees by require them to fill up their time sheets for every day. Procedures and policies can be adopted from other businesses or you can create it for you business by yourself. If your employees are happy your customers will be happy and your business will grow. Client controls Then best way of controlling your clients is to make them happy about your products and services and you have to measure your client’s satisfaction which is not an easy task to do. The best way to do this is to set some key performance indicators such as number of complaints about your product or services or to ask your clients for a feedback or to participate in your survey. Competition controls Yes, you have to monitor and control your competition. Ask yourself the following questions: What are the prices of your major competitors for the same or similar products or services? Where they advertise and how to compares to your advertising plans? Did you see their website? What are their mayor products? Who are their suppliers? It is incredible how much you can learn if you monitor your competitors but remember do not simply copy your competition – beat them by your originality and creativity instead. Control yourself ‘Discipline yourself to do the things you need to do the things you need to do when you need to them, and the day will come when you will be able to do the things you want to do them!’ Zig Ziglar Ask for expert help If you do not have cash budget, bookkeeping and other performance indicators in place there is a great possibility of a business failure. If you are not sure how to set up your cash budget, bookkeeping and other performance indicators see your accountant and if she/he is not ready to help simply look for another accountant.

Advantage Accountants SA Pty Ltd – Adelaide – Australia

Accounting, Taxation and Bookkeeping Small Business Specialists Accounting, taxation and bookkeeping services for individuals & small businesses. Wealth creation strategies, tax planning, and business coaching. Free first half hour consultation for new clients. http://advantageaccountantsa.com.au/

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Finally Take Control of Your Business

Canada’s Don Valley West (Ward 26) city council candidates speak

This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley West (Ward 26). Four candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Muhammad Alam, Bahar Aminvaziri, Orhan Aybars, Michele Carroll-Smith, Mohamed Dhanani, Abdul Ingar, Geoff Kettel, Debbie Lechter, Natalie Maniates, John Masterson, John Parker, David Thomas, Csaba Vegh, and Fred Williams.

For more information on the election, read Toronto municipal election, 2006.

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