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May 12, 2017

Successful people know how to get things done. They rely on their knowledge received through experience and education. The most successful have extended their horizons by expanding their education even after they are working for a living. They were studious when they were young, reading everything they saw, and they continue to educate themselves as they grow older. The education that gives them knowledge is the key to success.

I know a number of young millionaires that did not inherit their money. In fact they became rich because they did not have enough money to achieve their goals. Three of them were having a difficult time paying for a college education. While in college they learned to earn money on the Internet. None so far have gone on to obtain an advanced degree, at least not during working hours. They are running their businesses, making more money. One earned over $500,000.00 while in college.

The thing I see about these fellows is that they never stop learning and they never stop sharing their knowledge with others. They do take time off their work but even then they are working at least mentally. They are like that little rabbit that goes, goes, goes.

Somebody said, “It is not what you know but who you know.” This is important because people we know give us knowledge that we need to succeed. My rich friends associate with very successful people. They form a vast pool of knowledge that leaves the rest of us in the dust financially.

It could be, “It is not what you know but who your parents are.”

Rich parents have rich kids. Poor kids have nothing material to speak of. Rich kids are usually well-educated, grounded in the family business, and are often very boring because of their structured lives. Poor kids are always striving. If they strive first for education, they will achieve some of what they need to succeed in life.

I had an older friend when I was little who had a mind for business. Where he got this I do not know for sure but I suspect his father who was in business for himself. His two brothers were the same way. Such aptitude was rare in our neighborhood.

I would walk the highway with my friend, Paul, and we would pick up bottles tossed from cars. With a sack of bottle we would return to the neighborhood grocery and sell them for the deposit. But we were not finished. We went to the junk yard and bought bottles from the dirty old lady that the neighborhood kids knew was really a witch. We haggled and bought and took our loaded wagon, gingerly going over the railroad tracks by the hobo jungle as to not tip our precious load. We then sold the bottles to the grocer for a profit of one cent on each bottle. We repeated the junk yard trips until the grocer said, “No More Bottles!”

To celebrate our success we bought what we needed for a stew, some hot dogs and buns to eat while the stew was brewing, and marshmallows. We went to my backyard, build a big fire, got out the stew pot and started cooking. We were entrepreneurs.

Paul had knowledge that created profits. I don’t remember him ever going to college. I don’t think he needed to go to learn. He became a millionaire by buying, restoring, and renting properties but he got into a scam that killed him financially. He always was a gambler. But he was a hard worker and regained some of what he had lost. The knowledge that was missing was dangerous.

There are always risks in business. At an engineering meeting in Florida a speaker talked about risk, about what was a risk to one company was not a risk for a second company who revitalized their factories and put the first company out of business. Knowledge helps us to evaluate our situations more precisely. The first company had to stay ahead of their competition to stay in the market. They had to spend the money for only a slight improvement in efficiency.

Knowledge can be dangerous. When I lived in the world of industry our marketing department saw a niche, a special market, in the dinnerware industry. They held all kinds of focus groups to see if the product was what people were looking for. All the ladies that looked at the product liked it. Well they must have had the wrong groups of ladies. We created a product for a non-existing market.

We were trying to help the young executives who were mobile, on the move, building their careers. Surely they would want a lower-cost more utilitarian product than fine china, a product they could use everyday and for formal occasions. But they didn’t buy the product. They bought fine china. They didn’t need the transition step.

As a side note, the product was outsourced to Japan. A Japanese company came out almost immediately with a lower-priced but similar product. We had to dump are stuff on the TV shopping networks. We had knowledge. We just had the wrong knowledge.

The Japanese, through there grapevine, had the knowledge they needed to clobber us.

Fly Old Glory!

Source by John T Jones, Ph.D.

May 12, 2017 0 comment
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Narcopath Manipulation Characterized as Games

Narcopaths (malignant narcissists, narcissistic sociopath) are masters at playing mind games. They play to win and take no prisoners. They are sore losers and if they don’t win they will often react in a fit of rage and stomp away like a little child.

I have to say upfront, I am not comfortable calling what a narcopath does to us as games, but I can’t think of a better alternative. I used manipulation characterized as games, but that’s a mouthful. Anyway, every therapist I’ve talked with uses the term, so I will, too. When I think of games, I think of fun, laughter and enjoying myself. Nothing about my experience with the narcopath comes even close, so it’s hard for me to think of the narcopath and games in the same setting. Polar opposites in my mind.

I don’t want to play games with a narcopath anymore. The rules are not written down and change according to her whim. I’ve lost before the game even begins. However, I am not a pacifist by any stretch of the imagination. I won’t walk away when I’ve been challenged very often, so when I urge you not to play the narcopath’s games, it’s not because I don’t like a good challenge. I just want a fair playing field or at the very least be playing by the same rules. The narcopath is too skilled and had far more experience playing these games than we ever will. If we are going to triumph against the narcopath, and we are going to, we have to play by OUR rules, not theirs. Oh, you may win a skirmish here and there, but remember, they don’t think like we think. This article reminds me a story a friend of mine, Dale, told recently. He and his young five-year-old son had a marathon checkers match one evening, and after several hours of winning game after game, Dale told his son he was calling it a night, but his son looked perplexed and exclaimed “But, the game’s not over yet!” Dale said he told him they played about a hundred games already, and what did he mean “the game’s not over?” His son looked at him with the most serious look a five-year-old could muster, and said, “the game’s not over until I win”. This mentality is what we face with the narcopath.

The most important thing you must remember about all these game is that no one can know the rules except the narcopath. Here are some of the more common “games” that narcopaths play:

  1. Ping-Pong: When a person begins to understand how a narcissist works, he or she realizes that it’s a bit like playing ping-pong. Anytime a narcissist has to self-reflect about anything, they will immediately throw the ball back to the person they consider their opponent. Narcissists will always throw the ball back to the other person. They do this in the expectation that they won’t have to take responsibility for their behavior. Narcissists hope that by not taking responsibility for their own actions (by using blaming, shaming, projection, denial, etc.) their partner will do what they have always done-forgive the narcissist, make excuses for the narcissist’s behavior, claim the narcissist couldn’t help himself because he was having a bad day, and so on. The narcissist is a moving target and you are always on the firing line. To get away from them (or expose them), you always have to keep an eye on the ball i.e., their actions and motives for playing their games with you. You have to stop wanting to play. You can stop catching the ball and put it back in the narcissist’s court by setting boundaries and making him aware of his actions. He then realizes he has no one to play with anymore. He will either drop the person like a hot potato, try to punish the person, or run away.
  2. Crazy Eights: This is a favorite game of narcissists. YOU are called crazy anytime you confront them, bring up past issues or behaviors, or expose them when they’re doing something appalling. The game goes like this: he/she tells you that you have an overly active imagination, you don’t know what you’re talking about, they have no idea what you’re talking about, or that you’re simply making things up to cause problems. They’ll tell you that it’s obvious that you are the one who is crazy (and tell you that everyone around you agrees with them about you being crazy). They will claim not to remember even unforgettable events, flatly deny they ever happened, and will never entertain the possibility that they might have forgotten. This is an extremely aggressive and infuriating tactic called “gaslighting”, a common technique used by abusers of all kinds. Your perceptions of reality are continually undermined so that you end up without any confidence in your own intuition, memory, or reasoning.
  3. Liars Poker: Individuals with narcissistic personality disorder (NPD) play this game fantastically. They lie better than anyone I’ve ever been around. Unless you know them well, they don’t show any of the tells experts look for in exposing deception. My guess is this is how they are able to con so many therapists. I know first hand what that look is on a narcopath. When she was here, the things she didn’t tell us, most with tears in her eyes. I felt so much sympathy for the horrible things that her ex and her parents did to her trying to control her. The stories she told us were outrageous and I bought every one of them, hook, line and sinker. Their persona and their entire world are totally based in lies. Their positive attributes and alleged actions are all made up to trick and seduce others into giving them their fix of narcissistic-supply: praise, adulation and accolades.
  4. Gotcha! The narcopath is a master of phony empathy. He/She appears to take you in, appears to understand what you are experiencing, and appears to genuinely be able to put himself in your shoes. These acts cause you to let your guard down; just when you think there is a genuine give-and-take in your relationship, he pulls a fast one on you-a “gotcha”- most often when you’re at a low point. He will suddenly tell you about his extraordinary new career move, a luxurious trip that he’s taking, or a huge shift in financial status that will make you feel even more diminished. Narcissists perfectly execute an unexpected psychological pounce; their purpose is to grind you down, to humiliate you, and make you feel small and inferior.
  5. Death by a Thousand Cuts: This is a really fun game that all narcissists like to play! Some of your strongest trauma bonds are created with this sadistic game. It involves destroying your soul, your ego, your accomplishments and any belief system you have that does not agree with their beliefs. You both start with empty buckets. The first one to fill his/her bucket wins. They win the game if they are successful at turning everything about you and everything you do into a complete failure. They earn extra points when they successfully take all the credit for everything good that has ever happened in your life, and you thank them. They earn double points when they manage to put all blame for everything bad in your bucket.
  6. King/Queen Game: Either the king narcopath or the queen narcopath gets to make up the rules as they go along; they don’t have to tell the you the new rules, and they change the rules when it suits them. They are the king/queen and, as your superior, entitled to win this game, always. You suffer the consequences for breaking the rules, even those you didn’t know existed.
  7. Cat and Mouse: This is a kind of competitive patience (solitaire) game for two players. It is also known as Spite and Malice. You start this game by arranging the cards from low to high with the Kings/Queens being wild. Suits (the normal order of things and/or common societal rules) are irrelevant in the game. The game ends when someone wins by playing the last card of their “pay-off” pile. The game can also end if the players run out of cards, in which case the result is a draw. Cat and Mouse (or Spite and Malice) is a perfect game for a narcissist because it is actually a form of solitaire, it requires “one-upmanship”, and involves pulling out “better” cards to beat the opponent. It involves a “payoff” and for the narcopath, that usually means hurting you somehow. They keep track of real and imaginary things you do, have done, or might do. This is their “pile” and they will pull a card from it and use it against you when they feel like it.
  8. Guess Who?: This is a pretty simple game, and quite popular. The rules are few. Basically, you must summon all your psychic skills for this game. It is your job to read the narcopath’s sick mind, then decide what kind of mood he/she is in, and respond to her without her saying a word. Your options include, but are not limited to, two-year-old throwing a temper tantrum; Guilt-tripping puppeteer; Poor unappreciated Cinderella; Cock of the Walk; Coy tease; Inquisitor; Keeper of the Gate; add your favorites to the list. If you get it right, then you win the right to change your behavior to mirror his/hers, and your day will be a good one. Get it wrong and you lose. You get to listen to what a loser you are all day long. Either way, they win. OR, you don’t guess at all this time. Instead, you pack up and leave crazy narcopath and win you back.

The only way for the you to win any of the narcopath’s games to not play. If you are in a relationship, you can walk away from the toxic narcissist in your life. If your boss is an abusive narcissist, you can find another job. You can walk away from your parents, too, if they are abusive. If it’s a family member, move away, go no contact or low contact.

Keep Away Game for You: Keep Away is a game the narcopath doesn’t play, but if you must stay in near the narcopath, it’s one you need to master, and the rules of this game are not to respond the any of the narcopath’s attempt to pull you into one of her no-win games. You are not allowed to respond to jabs, barbs, promises, put-downs, etc. It will take focus and determination to break old habits and create new ones. It only takes 21 days of consistent behavior modification to create a new habit. This is not going to be easy, but you’ll get the hang of it pretty quick. Think of it like this: if you’re playing a game of catch, the only way to stop the game is to not catch the ball when someone throws it to you. It’s possible to stop playing games with a narcissist, as long as you mentally prepare for the challenge, and prepare yourself for the onslaught of negativity, accusations and histrionics. Ignore inciting words, don’t respond to inciting words, hang up the phone politely or leave. Take a drive, go for a long walk, anything. Just get away. There are many ways you can refuse to catch the ball and not throw it back. This is the game of “Keep Away”. You stay away, walk away, and refuse to play. This is a game that you, yourself, must learn to play. It is important to recognize that the narcopath will never acknowledge that he/she is now, or has ever played mind games. It’s up to you to stop playing. Don’t try to get them to acknowledge or take responsibility for their words or actions because they will always say they didn’t do it or it never happened or it was your fault.

Source by Byrlyne Van Dyke-Dowers

May 12, 2017 0 comment
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A Joint Venture (JV) is also known as ‘business deal’, ‘strategic alliance’, or ‘strategic partnership’. Probably the simplest definition is that Joint venture is a win-win strategic partnership between two or more businesses or individuals who agree to leverage each other’s resources in order to achieve common economic objectives. Resources could be in the form of technology, relationships, access to existing customers, expertise, knowledge, credibility, employees, facilities, finance, etc.

Examples of Easy, Profitable and Simple Joint Venture Deals

Here are just a few examples of JV deals you can broker:

1. Tollgating

2. Reciprocal Arrangements

3. Sharing Resources

4. Promotional Partnerships

5. Create Profit Centers for Businesses

Let’s look at each one in more detail.

Method #1: Tollgating

Tollgating simply means finding a group of people with a high enough demand and connecting them with the source of supply. You then stand between them (like a tollgate collector) and collect money as buyers go through the tollgate. This method is also known as “Triangulation.”

Examples of Tollgating:

1. Let’s say that in your local area, there’s an Association of Architects. Say they have at least 50 members and they socialize weekly. If you’re able to persuade them to meet once a week at a specific restaurant or hotel, you can arrange a deal with the restaurant/hotel owner to give you a percentage of their weekly bill.

2. Another way you can tollgate is by finding successful businesses. There are businesses out there who are actually turning customers away because they are unable to meet the demand. Get them to pass the leads to you. Then you can direct these leads to another business who will do all the work. You then collect commissions for every converted lead.

3. Locate someone with a product to sell, and find someone who owns a list of customers who have a strong desire for the product in question. Get the list owner to endorse the product, and you collect commission from every sale made.

4. When a business goes bankrupt, make money by locating someone who is willing to: buy the old inventory, buy the old phone number in order to convert incoming callers, buy the database of customers, fulfill pending orders, take over the lease, etc.

Method #2: Reciprocal Arrangements

This is a I-scratch-your-back-you-scratch-mine sort of arrangement.

The fact is that each business has strengths and weaknesses, and many business owners don’t know how to compensate for their weaknesses, thus producing problems. But a smart JV broker like you can address this by partnering up businesses with complementary qualities so that together they are stronger and more profitable.

Examples of Reciprocal Arrangements:

1. Barter – a magazine may agree to let a restaurant pay for a month’s worth of advertising by lettting the magazine’s key staff to eat for free for a set period of time; a marketing consultant may agree to help a fitness professional generate more leads in exchange for personal training.

2. Connect two businesses with products/services that complement each other. Get them to tap into each others customer base by getting them to continually endorse/promote each others goods to their own customers. For example, you can arrange for a beauty spa to promote a health club down the road (and vice versa); or encourage a hair salon to “reward” their loyal customers with gift certificates from a restaurant, thus driving potentially lifetime customers to the restaurant. In all cases, you collect a commission from any resulting sales.

Method #3: Sharing Existing Resources

You can leverage existing resources that are underutilized and make money in the process.

Examples of Sharing Resources:

1. You can launch a jewelry designer’s career by arranging to have her creations displayed along with the goods in a posh retail shop selling designer handbags. The jewelry designer doesn’t pay any rent, but she pays a commission to you and the retail shop owner every time she makes a sale.

2. You can make passive income by finding student tenants for landlords in your local area. You can semi-automate the process by giving a list of local accommodations to a person working in the Admissions Office of major Universities/schools in your area and ask them to actively help the student applicants find accommodations. Make sure to reward your contacts, of course.

3. Licensing – If you have (or know someone with) a system, intellectual resources, or any non-perishable intangibles that other people are willing to pay for, you can simply grant them rights to use these resources in exchange for a small fee. You can license a software, hard to get information, a useful research finding, a specialist equipment, etc. Bob Serling has a wealth of resources about licensing.

4. Piggybacking – you can take advantage of an existing infrastructure easily. For example, you can insert your promotional leaflet in the envelopes of a National direct mailing company who already mails 100,000 letters a month to their existing subscribers. Agree to give them a percentage of your profits.

Method #4: Promotional Partnerships

Are you (or do you know) someone who is an expert salesperson/marketer? You can team up with someone who has a product/service to sell but is clueless about how to sell it.

1. Become an Agent – You can help book speakers, bands, entertainers, artists, performers, etc. and get paid a healthy commission.

2. Affiliate Marketing – You can market/sell other people’s products and gain a commission for every sale made. If you don’t want to do the selling, you can get someone else to do it for you. You can also look for businesses with no affiliates, set up their affiliate program, recruit the affiliates, let them do all the selling and marketing, and then you just collect a small commission.

Method #5: Creating Profit Centers for Existing Businesses

It’s a fact that many people who are in business don’t know how to gain a steady stream of buyers continuously.

1. Bundling- You can add a complimentary product or service to an existing one with already existing distribution routes, and collect commissions. For example, most real estate agents can make more money and serve their customers even more if they also recommend services like removals, interior design, plumbing, electrical, plastering, etc. to every person they sell a house to. But most real estate agents don’t know this, so you can set up this arrangement and profit.

2. Encourage restaurants to sell Advertising spaces and get paid by finding advertisers. Restaurants can earn money by displaying ads on their bathrooms, at the back of their menu, on their wide screen TVs, or even on their announcement boards.

3. Do you live in an area where there are no 24-hour Dentists / restaurants / bakeries/ liquor store/ entertainment centers? You can arrange a deal where a business owner agrees to allow someone else to use their existing facilities at times when they are usually closed in return for rent money or a percentage of the profits.

4. Talk to an offline business who have no clue about online marketing. Strike a deal where you use online marketing methods to promote the business, and get paid commission for any resulting sales. You can easily do this deal with Experts and Gurus – people who have a wealth of information inside their heads, but they lack knowledge how to turn their expertise into information products and sell them online. You can act as their online publisher (or JV with an existing online publisher) and take a piece of the profits.

In Conclusion

Being a Joint Venture broker can be very easy and rewarding if only you know how to listen to other people’s needs. To be successful all you need to do is solve problems by leveraging already existing resources and establishing trustworthy relationships. You don’t need a product or business of your own. You don’t need to be an expert, you don’t need any experience, you can be 18 years old or 80 years old, you can have a PhD or you can be a high school drop out – it doesn’t matter.

Source by Marj Galangco

May 12, 2017 0 comment
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Cost of living has increased tremendously due to high inflation rates in India; the unprecedented rise in prices has made life difficult for a common Indian in a modern city with limited sources of income.

A country which believed in “Guest is God” and have had a great tradition of welcoming guests, now shuns guests, because they are no more comfortable in bearing the costs of their own daily expenses and they find it impossible when the additional responsibility of guests is added. It seems that inflation is today also influencing the way Indian tradition and culture exist in their life.

How did it all happen, what are the factors which responsible for this new inflationary trend, is it a sign of a progressive nation or a nation doomed to fall. Economists blame fluctuation in demand and supply, but is this the only factor, aren’t there other factors responsible for this trend. Let’s find out more about other causes of inflationary trends in India.

There are many perspective and prevailing views and thoughts on factors responsible for high inflation rates in India, which can be divided into different groups based on their profession and background like:-

  1. Economists
  2. Politicians
  3. Business Man
  4. Government Servant
  5. Astrologers
  6. Daily Wage Earners
  7. Labourers
  8. Traders in Commodity Market
  9. A Modern Housewife
  10. Villagers
  11. Farmers

Each of these groups has many reasons to believe in factors which they think are responsible for persistent high inflation rates in India, some of these professionals actually take care that the reason they mention should actually help their career perspective or maybe public image. So, here we should try to dig both contemporary views and some other potential factors which work in the background.

Common Factors that Influence Inflation Rate

1. Disposable Income: Earning more than what is actually required to meet basic needs, is said to impact inflationary trends in a country or region. India is today developing at a rapid speed, which means Indian people now have more jobs, good salaries and more income to dispose in the market.

2. Government Policies: Policies adopted by the government also influence inflation rates. In case of India they work at two levels, Central Governments and State Government and as such the actual impact of inflation will be slightly different in different parts of the country.

3. Global Factors: Today major economies of the globe not only influence the government policies of other countries but they also impact there rate of inflation, India isn’t untouched by these external factors.

4. Imports & Exports: Timely import of products and commodities that are in limited supply definitely helps in resisting rising inflation. On the other hand if we export such products and commodities which are likely to be demanded in future on the other hand can rise inflation.

5. Banking Policies: In India banks are governed by RBI, which decides how much money is available in the market. Banks increase or decrease their interest rates on the directives of RBI. Lower rates are said to increase inflation as more people use their money for shopping instead of keeping it in a bank as they don’t find it attractive to keep that money in a bank, on the other hand people who do not have much money, take loans from Bank, in both conditions new increased demand rises inflation further.

6. Natural Factors: Nature still holds predominance in India, a major part of Indian agriculture is still rain fed, floods are also common in some regions, recently in 2012 below average rain forecast by Indian Meteorological departments stirred the government as well as the common man, somehow these forecasts turned out to be wrong.

7. Tradition & Culture: Indian markets are highly influenced by Indian tradition and culture, festival season is likely to increase demand and therefore inflation. India’s rich tradition and culture, their habit of celebrating every occasion in social gathering, marriage season etc. are also seen to impact inflation in India.

8. Changing Lifestyle: Lifestyle also impacts rate of inflation, in India traditional lifestyle was based on the philosophy of simple living, high thinking. Today most Indians either do not agree with it or aren’t adhering to it. Most Indians are today attracted towards modern lifestyle, their rate of consumption has increased tremendously. Modern lifestyle is actually a self oriented lifestyle where people don’t consider how it will impact society and nation, they are self-centered, if they get money they will use it for personal welfare.

The list above is just a brief list of probable reasons, there are many other causes that are impacting Indian markets and which can be controlled by Indian citizens, to apply brakes on the speed of inflation, as in India inflation isn’t creating financial difficulties but a large number of Indians who live below poverty line it poses a question of life and death.

Source by Yogesh Bailwal

May 12, 2017 0 comment
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We live in an area that uses Green Bins for household waste. Our regular garbage is picked up every other week and the only weekly garbage collection is our green plastic bins, to be filled with leftover food products and other organic waste.

When the program first started, I was sure we could never change our ways, but before long, depositing bones and leftover food in the bin became automatic.

Why am I telling you this? Because using the computer will also become easy for you the more you try. Sure, the learning curve is steeper than remembering which container to use for which type of garbage, but the idea is the same. Every time you perform a function or solve a problem on your computer, it will be easier than the time before.

In 1966, Bill Gates wrote a book titled 'The Road Ahead'. Gates said, "Computers frighten almost everyone (everyone but children), before they learn to use them. When people spend more time with computers, they understand them better. Using them, I think you'll like them. "

Speaking from experience, once you start using computers, not only will you like them, you'll wonder how you ever managed without one.

With the Internet, we can keep in touch with old friends and make new ones; Play cards with someone on the other side of the world; Have virtual experiences of flying an airplane, driving a car, even dissecting a toad. Pilots and doctors practice their work without worrying about accidents. And every school can have a wonderful library thanks to the Internet.

Gates saw then how much our world would change because of computers. Banking and shopping online, distance learning, the ability to telecommute and work from home – all of these larger as software became better and more powerful. Not only have the ways we work and relax changed, even the way we interact with other people has been altered thanks to the computer.

Gates spoke about his own futuristic house. Anyone in the house wore an electronic pin that told the house who and where you were. When it got dark, the pin would turn on lights nearby and turn them off when you went away. Music would play near you and the phone ring nearby only if the call was for you. A home control console activated choices of lighting, music, and temperature. That was in 1996, so who knows what his home is like now!

The book ended with a cartoon showing a mutt using a computer and saying "On the Internet, nobody knows you're a dog." How true – on the Internet, we are all on equal ground. I like that idea, do not you?

Source by Carol Bremner

May 12, 2017 0 comment
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We call this the ‘get rich quick’ or ‘get rich overnight’ ethic or mentality. That is, the notion and thinking that just the mere involvement of one in the petroleum trading business, whether as a dealer or a broker, agent or other intermediary role, will almost automatically guarantee one a millionaire, in deed, a multimillionaire, station in life, and almost in no time at all! That is an ethic and mentality that has pervaded the common mindset and psychic of the average intermediary involved, or contemplating involvement, in the business today, and has been even particularly more heightened since the modern era of the Internet trading. In a word, it is a mentality that says that world oil deals and the petroleum trading are a business that is awash in wealth and fortunes and easily guarantees the intermediary who gets involved in it in any capacity at all, but in particular as an agent or intermediary of some sort, that, as one analyst put it, “you are going to be super rich next week or next month” by doing so.

Historically, in the past, over a period of several decades (and beyond), there has almost always been a sizable number of what could be called “professional middlemen” who operated in the oil and other commodity “secondary market” trading industries who are primarily but genuinely driven by the belief or inner conviction that working as an intermediary in the industry is a reasonable path to honest living which, if not leading one to an instant wealth, then at least to a reasonable means of livelihood and steady economic progress and well-being.

In more recent times, however, since the advent of the Internet and its increasing role as the dominant and preferred tool for conducting business among intermediaries, there has gradually shifted and developed, in stead, over the years, a “new breed” of intermediaries and middlemen (brokers, agents, etc) in the trade. Often given to far less education, training or apprenticeship in the trade than the previous pre-Internet generation of intermediaries, and usually having vastly less knowledge and experience in the art of international trading because of the greater ease of entry into the business afforded them by the Internet, as a group this “new breed” of post-Internet intermediaries and middlemen are generally less shackled by the normal moral code or ethics and decorum, and are more greedy and in a greater hurry to “strike it big and fast” by merely working as an intermediary. And, just as importantly, they’re in a greater hurry to clinch that elusive, dubious get-rich-quick ambition by any means whatsoever, including the scamming of unsuspecting or gullible international crude buyers, as such scheme is aided and made easier for them by the Internet and the easier cover of anonymity that it provides them.

In deed, as many knowledgeable observers and respected analysts of the industry have noted, the get-rich-quick greed and mentality have, in these hard global economic times of today (mid 2012), reached an even new, particularly frenzied high, as many crooks, scammers and fraudsters with actually no real crude oil to sell, have now trooped into the international crude oil selling business in unprecedented numbers, seeing that arena as a fertile ground for them in attaining their dubious ambition of “striking it big and fast.”

Robert McAngus (among many others), the Managing Partner/CEO for the Robert McAngus Group, has noted, with great lamentation, that phenomenon. In a 2004 article, McAngus voiced a rather ringing alarm at the escalated, often grossly unrealistic, divorced-from-reality kind of the commission fees being demanded, or expected, in recent times by brokers and intermediaries in the petroleum trading.

According to McAngus:

“Over the past few years, I have seen the fees charged to a possible transaction spiral upward in some cases reaching the astronomic heights of $30 USD per metric ton to be divided 50/50 between the buy side and the sell side. For God sake! Get a life! Or at least do the mathematics, on a simple 100,000 metric ton transaction using the figures I have quoted, that’s $30,000,000.”

McAngus continues, asking: “Please explain how we, as the buyers, are supposed to justify that amount of money to the bank at which we have our lines of credit, and perhaps if I have a reader at this point they can explain what the broker did to earn this amazing sum of money… I have no idea where the idea that fees of this magnitude are paid to brokers in an oil transaction [came from], or for that matter who in the transaction is going to pay them, certainly not me as the buyer!.”

A salient aspect of this common notion and thinking is that to attain this high financial status of instant wealth in the business, you need not necessarily have to work hard or to be trained or particularly experienced in and knowledgeable about, it, but can attain it by this doing basically nothing – other than, perhaps, just shoving around a few copied or bogus false oil trade deals documents on the Internet usually passed down to the particular intermediary from other fellow equally uninformed brokers and intermediaries.


The principal question, of course, is: How true or real or not is this general thinking, if any? Are fortunes made as intermediary in petroleum and oil trade deals? We shall address this issue pretty soon. But, first of all, let us address the general nature of this thinking, and its general genesis or origins.


There might, of course, have been some other significant relevant factors and influences to which the origins and genesis of this present-day phenomenon of get-rich-quick mentality in oil deals could be attributable. But, for our purposes here, suffice it simply to say that, based upon this writer’s own extensive research on the subject, there seems to be one dominant intellectual factor, above all, which has significantly influenced and aided a great many among the current breed of Internet brokers and intermediaries in formulating this conception of the nature of the oil trading business, and of the above-described current mentality of greed and get-rich-quick mythology that is widely prevalent among these players about the oil business.

And what is that factor?

Somewhat incredibly, that factor seems to be one rather obscure e-book rather appropriately titled “How to Earn $Millions in Oil Deal.” Its author is Mr. Sam Igwe, who goes by the alias Sam Nelson, said to be an operator of an oil consulting service since 2003. Credible research shows that an early, cheap, but powerful and influential Internet promoter and preacher of the gospel of the quickie-and-easy-wealth-from-service-as-a-petroleum-deal-agent, is this simple publication by Mr. Sam Igwe, alias Sam Nelson – titled “How to Earn $Millions in Oil Deal.”

D. The Basic Doctrine of “get rich-quick-with-no-work-or-effort” of the Nelson Publication

In point of fact, Sam Nelson’s “How to Earn $Millions in Oil Deal” publication lives absolutely up to the billing of its title as an ardent gospel that fervently preaches what the title denotes!

Though nominally stating at the outset that the book is “not a ‘Get Rich Quick’ book,” the book promptly asserts that “If you are searching for a sure, fast and genuine way to earn fast, steady, honest living and how to become a millionaire, I bet, this is the right book [for you].” The publication proclaims itself to be “the clear path to financial freedom,” it declares its prime mission as being to teach the reader “the long-held secrets of how to work smart and become a big-time Agent, millionaire within few months,” and asserts that it “is intended to open the eyes and minds of the readers to join the team of the big players in crude oil business.”

Regarding the amount of money the average intermediary agent or “facilitator” is to expect, Nelson asserts,

“• Do you know you can become an Oil Deal Facilitator and EARN Millions of dollars within few months? • Do you know you can become a Buyer’s or Seller’s Agent? • Do you know you can EARN $1,000,000 – $2,000,000 just for successfully closing one Oil deal within few months?” He adds that you can “induct yourself into the Millionaires Club!,” that you “can change your life forever by becoming an Oil Deal Facilitator and earn up to ($2,000,000) two million dollars within few months… [with only] a phone and an Internet access, your only investment is just this step-by-step (Manual).”

Nelson sums up his “attain super wealth overnight” doctrine this way:

“There are millions of barrels of Crude Oil being sold daily around the world. You can close a deal in any part of the world. Just a click of your mouse and few phone calls plus extra smart work… you can earn Millions of dollars in just few months by successfully closing one Oil Deal working in the comfort of your home as a facilitator. These secrets have not been made public because the participants do not want the public to learn their game. These oil deal giants have been very privileged to learn the game and have constantly made people feel that one has to be a millionaire before he/she can participate. This is not true.”

E. No Work, No Education or Skills Required!

And is there any amount of work or efforts that it will take for the agent to master this business and make a success of it, or to earn all that money? Is there any education, skills, knowledge, investment and experience that this will take or require? Nelson’s answer to these questions is, basically, practically little to none of that. According to Nelson, “This is Easy and Simple! Just from your dinning table you will work at your own pace and make millions of dollar within few months. There is no hidden cost. No huge investment. No upfront fees. (WE MEAN ‘NO FEES UPFRONT’).”


And now we get back to this central but critical question: How true or real is this general thinking, if any at all? Basically, the question is, are fortunes made as intermediary in petroleum trade deals, in fact?

In point of fact, if we were to put it simply in a word, probably the most fundamental and truest thing that could be said about the above-sketched doctrine of “get rich quick with no work or efforts” for the oil trader or intermediary, is simply that that doctrine is completely and patently false and misleading, and is at variance with, and directly contradictory to, the whole TRUTH and actual REALITY about the business! It is that the above-prescribed thinking is patently contradicted by the well-established, tried-and-proven trading doctrine and thinking that has long been preached, practiced and successfully used by mainstream traders and the most respected and most successful experts and practitioners of trading for generations in the industry!


Sure, decent money, or, in deed, even high incomes could still be made, and continue to be made, by many persons working as an intermediary in the business today, and a good number of intermediaries still close oil trade deals that are lucrative. But that’s ONLY by someone, however, who shall have already “paid his dues” in the industry before hand, before he (she) can possibly attain such success and such income working in the business – in terms of having acquired the requisite education and training, of being skilled and knowledgeable in the fundamentals of the trade and the appropriate rules and procedures of the trade, and, above all, of having acquired the hands-on practical experience and apprenticeship and long years (some 2-3 years or more) of painstaking, patient, diligent hard work in the business.

Clearly, that is a far, far, cry from the Nelson doctrine outlined above which essentially says and spreads the thinking that, as a broker or agent working in world oil deals and trading, you’re almost automatically “guaranteed” to close oil trade deals and to attain incredibly humongous and high “millionaire” financial status of instant wealth within months in the business just by the mere trying of your hands at it; and that you need not necessarily have to work hard at it or to be trained or particularly experienced in and knowledgeable about it, but can attain such great wealth overnight, any way, by doing basically nothing — other than, perhaps, just shoving around a few copied or false oil deal documents on the Internet usually passed down to the particular intermediary from other fellow brokers and intermediaries.

Clearly, anyone who really knows anything about the true realities of the business, would immediately tell you that nothing could be more ‘Joker Broker’ like type of philosophy than the above-described Nelson doctrine. An attitude and mindset that immediately reminds one of this characterization made by one analyst about the core nature of the joker broker, “Some of them [the “Internet” brokers or joker brokers] are quite entertaining [in the notions about the workings of business they typically exhibit], and remind us of the Nigerian scam artists. The world simply [just] does not work like that.”


Yet, such attitude and thinking fundamentally represents the kind of underlying mindset and mentality which typically pervades and controls the thinking of most persons who are attracted by and enticed into dabbling into the role of an agent or intermediary in petroleum dealings today – a mindset and mentality which essentially views the petroleum trading business as the ‘cash cow’ path to instant financial riches, and one which requires no deep learning or knowledge set to attain it, no long experience, and no hard work, but could simply be accomplished merely by passing around a few copied or even forged but never verified “documents” on the Internet! An underlying mindset and mentality of get-rich-quick-through-the-intermediary-work-without-work-or-study, which, though grossly misguided and totally erroneous and misinformed, pervades the broker network on the Internet – and bespeaks of the kind of unbelievable unrealism, unreal mentality and difficult-to-comprehend attitude often witnessed among a good many Internet brokers and agents operating in the international petroleum trading market today in terms of the frequent presentation one sees on their part of offers of business propositions or demands that are often impracticable, totally unreal and unrealistic, seemingly mere day-dreaming than serious, clearly divorced from simple reality, and completely contrary to all time-honored, well-established norms of the trade and the normal ways of doing business!

H. How Pure Greed Blinds & Hoodwinks People into this Doctrine

It is a mindset and mentality that, though rooted in the Sam Nelson doctrine, have their most primary and powerful impetus in one fundamental factor – sheer human GREED and FANTASY or MYTHOLOGY! Many times, mainly consumed by the false thought of becoming “super rich” overnight out of the blues from an oil deal, many of such brokers are found to be innocently and naively trying to close a deal for someone who they believe, or merely hope, to be real, but who is, in fact really not. But oftentimes, they are too blinded and overcome by the false belief in their pipe dream of becoming “super rich next week or next month” overnight by virtually doing nothing, or too proud or conceited, to simply accept or concede that such beliefs and procedures that they present are simply incorrect or impracticable, and so they refuse to change their ways and continue along the same futile path of wasting their time and the precious time of others, for months and years still trying to push plainly unworkable deals – until, perhaps, it finally begins to dawn on them that for so long no deals have been closed, or are likely to be closed, and not a dime of income has been, or is likely to be, earned!

These words of cautionary alarm and distress by a vastly experienced and successful 35-year veteran of the business, Robert McAngus, the Managing Partner/CEO of the international conglomerate, Robert McAngus Group, concerning the escalating greed and demands for unrealistic levels of commission fees he had observed from Internet agents and brokers, seem to hit the nail squarely on the head:

“Having been in the oil business since 1976, many years prior to the birth of the internet and Skype, I feel I have the practical experience and the hands-on management knowledge and skills required to try and set some of the misunderstandings [held by brokers and intermediaries about what they should be paid] right,” as he strongly advices the brokers and agents that, having come from the old school, he would strongly ask that they always “THINK THE DEAL THROUGH. If you as a fresh-faced young broker or a grizzled seasoned veteran, take the time to think about the process, I am sure that you will realize that this industry requires a lot of hard work and effort, so rather than just pass the deal from your friend Joe, along to the next broker friend, do some dam work and find out if the deals [are] real or not, and try to earn your commissions.”

I. Don’t Even Try Your Hands at It Until You’ve Had the Requisite Education, Training, and Experience

Divide Papa, the noted expert in modern international trading procedures, somewhat debunking the Nelson doctrine of get-rich-quick-without work-or-study, elaborates:

“[If] you want to become a Doctor or Accountant or Engineer,” he notes, reminding us of the way things have always worked in the real world, “you must [first] study and go to school for may years. Then obtain experience. You want to become a professional intermediary Buyer/seller, the same ideal applies – 2/3 years is the learning, obtaining the experience cycle, and after studying, many will give up trying. That’s how difficult this business is. But in return – if you close even just ONE single large deal – you will make a small fortune. You will make a life time of earnings on one deal. If you learn and study well your chances to close one deal is an even 50/50. [However], if you trade without study, your chances of closing a deal is ZERO. There is no 100% study applications in this business.”

Papa adds that any persons who are acting as import/export intermediaries in world petroleum deals, but have NOT first done the requisite studies, or fail to apply the appropriate doctrine of trading that’s followed by credible practitioners and experts, are virtually doomed to failure, guaranteed to close no deals or to make even a dime in income. And such persons, he asserts, should just rest assured that at least 99% of them “have no idea on what they are doing and will never close one deal even in 50 year of trading with silly procedures like LOI, ICPO, BCL, POP, etc. The net is full of silly ill-informed intermediaries who think they are trading when, in fact, all they’re doing is trading in nothing – just wasting time.”


To summarize, the central point of this essay is that – whatever may have actually been, or is, the causal source for or genesis of it, whether it is traceable to Mr. Nelson’s book, or to the new ethic of the Internet and the Internet generation, or some other unidentifiable corrupting or misguiding influence, or whatever else – literally nothing could be more wrong-headed, more misleading, misguided or unfortunate for the international petroleum marketing business today, or any Internet broker and agent who operates or want to operate in it, than adopting or buying into the above-described doctrine of fortune being made as intermediary in petroleum trade deals overnight, without work or efforts or education, which is widely admitted to be the underlying prevailing mindset operating among many of today’s Internet brokers and agents. In fact, to put it even more starkly, the central point that is made here is that nothing could be more cruelly ‘Joker Broker’ like – i.e., more negative or despicable, more unreal and unrealistic, more damaging or destructive, and counterproductive – to the average broker’s very own best interests and to his best chances of ever finding success in the business or ever landing any sales, closing any deals or making any income – than for a broker to operate under this kind of thinking and mindset – a mindset that is completely false and wrong, totally mistaken and misleading, unrealistic, unattainable, and absolutely contrary to and devoid of any realities and all norms of doing business..

Put simply, in terms of world oil deals, it is this innate belief in the above-described doctrine and mistaken thinking concerning the actual nature and realities of international trading and what ought to be the proper role of the commission intermediary in it that is generally held by the modern Internet intermediary, consciously or unconsciously, deliberately or otherwise, that is fundamentally the single most critical element which account for why most commission intermediaries fail as agents and generally do not close any deals or earn much income, for months, even for years of involvement in the business. And, what is more, it is this unfortunate innate erroneous belief that is held by them, that has been the most fundamental critical element which account for the terrible image of the modern Internet commission intermediary in today’s petroleum marketing business, and the horrible image and notoriety with which they are generally viewed.

And this is so for very good and readily understandable, and, in large part, justifiable reason!

Why so? Simply, because to operate in the business based on such a wrong-headed doctrine or mindset, or such misguided thinking, by any one at all, directly leads one, as it has with the intermediaries involved in the oil business, astray, leading them to the wrong approach and wrong mindset and procedures for the business, and therefore to undesired results and to failure and not being able to close oil trade deals, or to earn commission income from their involvement in the business.

An apt and excellent word of knowledge by which to conclude this essay is perhaps this one offered by one noted expert and author on the international trade intermediary, “There are no short cuts in this business [of trying to work as a trader or an intermediary].”

Or, to put it perhaps even more lucidly still, I might myself add this: “Either trade with the correct philosophy and approach, or fail woefully if you try to trade otherwise!” As an intermediary (or trader), those are your ONLY two stark options and certain results, and none else!



Source by Benjamin Anosike, PhD

May 12, 2017 0 comment
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When you bought your laptop from the retailer or at the store, it most probably came with a typical nondescript black bag that’s all pockets and functionality – the same as everyone else’s. But just because it’s the bag that came with your laptop doesn’t mean you have to be stuck with it forever. Express yourself and show a little of your individuality with a new and more stylish laptop bag.

Beyond Basic Black

Even if you’re the kind of person who likes everything in a generic, unisex, all-occasion black color, you’ll have to admit that it gets somber and boring after a while. It’s a good thing that bag manufacturers both new and established have churned out a lot of stylish, modern laptop bags in the past few years. More and more people are opening their eyes and their color palettes to the countless possibilities that are out there.

You might be apprehensive about getting laptop bags with bright colors or eye-catching designs because you’re afraid that people at the office won’t appreciate it. But styled laptop bags have evolved from a mere fad into a new norm, and everyone from the new secretary to the CEO probably has at least one. It’s now something you’ll see in just about any and every office you visit.

It’s not just the ladies who are in on the trend, either. There’s now a very wide selection of laptop bags in masculine designs that has men reaching out to grab more fashionable bags too. Male or female, young or old, there’s something out there for everyone.

Laptop Bag Essentials

Going down to brass tacks, just about anything can become your next laptop bag. Whether it’s a rugged-looking daypack from the sports store or a dainty designer tote, a bag can safely carry your laptop as long as it has a few basic features.

Padding is the first thing you should consider when looking for a new laptop bag. Your precious laptop needs protection from the bumps and bruises of your daily commute, and a layer of foam or padding should cushion it against impact. Unless the bag you want has at least some padding, it won’t be any good as a bag to carry your laptop.

The material is also another important factor you should think about. The bag has to be made from a tough, durable material. Although it’s not really necessary, a fabric or material that’s waterproof is always a plus because it’ll do a better job at keeping your laptop away from water, which can severely damage your laptop unit.

Last but definitely not the least is weight. This is especially important if you’re a student or a mobile professional who has to constantly bring a laptop around everywhere. The typical laptop can weigh as much as 3 kg, on top of all the accessories and peripherals you’ll be bringing. Why get a hefty bag that will only add to that weight? Look for strong yet lightweight materials like polyester blends.

The good laptop bags are something you will have to find and spend for. Go for quality instead of just low prices. Remember, it’s the only thing that stands between your laptop and all the damaging elements of the outside world.

Source by Daisy Wilson

May 12, 2017 0 comment
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There are many reasons why you should take care of your computer. Number one, is that it’s a major investment for most people and you would probably like to keep it running for as long as possible.

There are various things that you can do to help prolong the life of your PC, both hardware and software wise. It’s always a good idea to keep your computer clean. A clean computer runs faster and lasts longer.

Here are some ways to clean and maintain the software (your operating system) on your pc.

1. Run the defragmenter utility, at least once every month or two. In Windows XP this can be done by going to your Start menu, then All Programs, Accessories, System Tools, then select Disk Defragmenter. The defragmenter will help ensure that your files are located at the right place on the hard drive and should boost the overall speed of your computer.

2. Clean up old files. When you install/uninstall software frequently it can leave many unwanted files in temporary and system folders. In Windows XP, you should run the Disk Cleanup utility once and a while to clean things up. This utility can be found by clicking the Start menu, then All Programs Accessories, System Tools, then select Disk Cleanup

3. Scan for viruses. Viruses can cause your computer to be slow or not work at all. You should always have a good virus scanner installed and keep it up to date. Some well known virus scanners are Norton, McAfee, and AVG.

4. Scan for other malware. Other malware can include spyware, adware, key loggers, and Trojan horses. These pieces of software can get installed without your knowledge when you install another program or visit a website. They can cause your PC to slow down considerably. Spybot Search & Destroy and Adaware are two well known malware scanners.

Here are some ways you can keep your hardware running smoothly.

1. Clean out the dust. Computers are notorious for accumulating dust. Every once and a while you should open it up and clean it out. This can be done with a vacuum cleaner or a can of dust remover.

2. Keep your PC cool. You should always make sure that you keep your computer in a well ventilated area. By doing this you help keep the PC cool and, therefore, will prolong the life of your hardware.

3. Buy quality hardware. When you buy new components for your PC try and get good quality parts. If you get components from respected manufacturers you can be sure that you will get good technical support and the parts will be well made and not cause problems with other hardware.

Theses are just a few little tips to help you keep your computer running for a long time. There are many other things that can be done but by following these few tips you can be sure that you will reduce future computer problems.

Source by Dennis DEntremont

May 12, 2017 0 comment
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Does your console have the Wii error 001? And now you’re looking for a way to fix this problem? In order to fix a problem like this you can do 2 things. You either send your console over to Nintendo, or you will actually perform a fix by yourself with the use of a repair guide. But first a couple of tips.

A Couple Of Tips That Might Fix The Wii Error 001

1 – Restart your console.

2 – Look for loose cables.

3 – Try to unplug all cables, and plug them back in.

If these tips didn’t fix the Wii error 001, then you’ve got 2 options left.

Wii Error 001 Fix By Nintendo? Do, Or Don’t?

This option sound very good, right? Well, let me tell you something. Did you know that if your warranty has been expired that you will have to pay $75 for the repairs? And did you know that the waiting times are pretty long too? You’ll have to wait for at least 3 weeks, and this could go up easily to 8 weeks.

Wii Error 001 Fix By Myself With A Repair Guide?

Actually, this is in my opinion the best option. When you do this, you won’t have to pay $75 and you won’t have to wait for weeks either. But, it’s recommended that if you want to perform a Wii 001 fix by yourself to use a repair guide.

A repair guide will give you step by step information and detailed instructions that’s coming along with photo’s. This way, you will know exactly how to fix your Wii problems. Also, you’ll be able to get your console fixed within 1 day, or even within a couple of hours.

Source by Chrissy Ilmato

May 12, 2017 0 comment
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A man is known by the company he organizes. – Ambrose Bierce

[Types of Businesses] – Owning your own business is a major part of having great economic success in a capitalistic society. There are many types of businesses to choose from so one of the first decisions you’ll make is the type of business to open. There are several options to explore for the structure of your business. This article will give you the definition of three of the most popular business types. These types of businesses are: (1) Sole Proprietorship, (2) Corporation, and (3) Limited Liability Company.

(1) Sole Proprietorship – individual ownership and operation of a business.

A sole proprietorship is not a separate organization and does not have any formal requirements for formation. The individual simply begins doing business. Most sole proprietorships are small businesses, and initially their business capital needs are small. Typically, the individual provides the funds. In order to get financing, a sole proprietor takes personal financial risk. The income of the business is the income of the sole proprietor and is reported on the individual’s income tax return. The proprietor is the manager of the business. The business can be transferred only if the owner allows it.

(2) Corporation – any entity formed by statue that has rights of a legal person along with limited liability for its shareholder owners.

Formal public filing is required to form a corporation. A corporation may use short-term financing or debt and equity financing. Limited liability for shareholders is one of the advantages of corporate organization. Corporations have the tax consequences of double taxation. Many shareholders may own a corporation but the board of directors controls the operations. Shareholders have the opportunity to express their views at the annual meeting by electing directors who represent their interests. A corporation can be dissolved voluntarily or involuntarily.

(3) Limited Liability Company – newer form of business organization in which liability is limited except for conduct that is illegal.

An LLC is formed by filing the articles of organization with a centralized state agency. Members of an LLC make capital contributions in much the same way as partners make capital contributions. Members of an LLC have limited liability; the most they can lose is their capital contributions. The LLC does not pay taxes; income and losses are passed through to the members to be reported on their individual returns. Members of an LLC adopt an operating agreement that specifies the voting rights, withdrawal rights and issues. A member’s LLC interest is personal property and is transferrable. Most LLC statues provide that the LLC dissolves upon the withdrawal, death, or expulsion of a member.

The definition of these business types is just the beginning of understanding how to fully utilize each structure. Because there are several types of businesses it is important to know the advantage and disadvantage of each. The type of business you organize will determine a lot about how you reduce liability, protect your assets and pay your taxes. Defining the business type for you is important in “Creating Your Own Lane” in business success.

Source by Arthur Horton

May 12, 2017 0 comment
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With the many types of anti-virus software, it is helpful to read a brief description of what the different types do and how they can be beneficial to you and your computer.

Norton Anti-virus

Symantec’s Norton AntiVirus software is perhaps the world’s most trusted antivirus solution. It is available for both Windows PC’s, and Macintosh (Symantec Antivirus for Macintosh – S.A.M). Norton AntiVirus is a very reliable and easy-to-use anti-virus product. It’s the best anti-virus product for catching viruses in downloaded files and E-mail. Norton AntiVirus is also more expensive than McAfee VirusScan although not by much, and the added abilities of Norton can easily make up the difference.

Norton AntiVirus includes many tools that can be run in the background, including watching for suspicious PC activity and automatically checking downloaded files for viruses. Norton AntiVirus is also automatically configured to handle E-mail virus scanning for email messages coming into your computer, as well as those you send. This process automatically scans and cleans both incoming and outgoing email, stopping viruses from infecting your computer or spreading to others. It removes viruses automatically, without interrupting your work and prevents infections during real-time online chats, and also detects viruses in instant-message attachments. Because so many viruses and internet worms are now spread using email and Instant Message Systems, this is extremely valuable and necessary protection.

Norton Installation

Installation is simple. Simply install the CD in your CD drive, and the installer will launch automatically. The installer should ask you if you want to do a pre-install scan of your system for viruses. This is a very good thing to do. Once this is finished, the installation will proceed, and you can accept all the defaults without worry. Once the installation is complete, you’ll be prompted to go online and get up-to-date virus definitions. DO NOT skip this step. Having up-to-date virus definitions is essential to the performance of any antivirus software.

Normal Use

Norton is a very hands-off program. Pretty much it is an install and forget program that looks after itself. It will automatically notify you if there is anything that you need to do. If a virus is found, the software will try to automatically repair the file, if it can’t, it will place the file in a safe ‘quarantine’ zone, and let you know. In addition to looking for known viruses, the Norton Antivirus Bloodhound feature tries to spot new viruses and worms by their behaviour that is common to such nasty programs.

Checking your system and downloading updates are two things you need to do regularly. Norton Antivirus makes them painless by setting up a full system scan once a week and checking for new updates (both to the software, and virus definitions) whenever you’re online. These simple update scans hardly slow down your PC down at all.

Overall, Norton Antivirus is an excellent way to guard against viruses. It is the system that I recommend to my clients most often, and that I use personally.

Source by Eric Koshinsky

May 12, 2017 0 comment
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1      Overview

1.1    Introduction

This document is intended as a user guide in how overcome the common problems in migrating fixed assets into SAP.

For a one-time conversion into SAP, we favour using the LSMW tool. It allows you to leverage the full power of ABAP while using standard SAP processing functions, yet it does a lot of the file management and processing work automatically. However, even within LSMW there are a number of possible methods for migrating fixed assets. 

This document will discuss loading fixed assets using the standard load program RAALTD01, although two alternatives are briefly discussed below. 

1.2    Load methods

1.2.1    BDC recording of transaction AS91

This is the simplest solution and so it might be suitable for a very basic upload. If for example you are not creating fixed assets in SAP, but rather updating one field in fixed assets which already exist in the system, then this might be the right approach. But it is not flexible enough to be used for the creation of fixed asset data.

1.2.2    Business object BUS1022

This would create IDOCs of type FIXEDASSET_CREATEINCLVALUES01 and process them through the SAP BAPI function BAPI_FIXEDASSET_OVRTAKE_CREATE.

This is possibly the solution that SAP would recommend. SAP is keen on BAPIs as they are powerful, flexible and can be easily called from an external system via an RFC. But that does not necessarily make them the right choice for data migration. The structure of BAPIs is not always particularly intuitive and the upfront development work can be complicated.

Also this method involves the processing of IDOCs. While the standard error handling and reprocessing functionality for IDOCs in SAP is impressive, it is not always transparent. Migrating fixed assets using this method would be suitable for someone who is particularly strong in the area of BAPIs and IDOCs..

1.2.3    Standard load program RAALTD01

This is generally the approach I would favor for the migration of fixed assets into SAP.

The standard load program is not perfect. As discussed later, there are one or two areas which it does not cover and like many SAP standard programs, it has its quirks: for example, when you come to load the assets, you do not have the option to create a BDC session yet if any of the transaction calls fail, then the program will create a BDC session for those records.

Nevertheless, it is a powerful and flexible program, and it is relatively simple to use. The fact that you can run the asset load in test mode before creating any data is also a major advantage, even though the test run does not always pick up 100% of the errors.

1.3    Assumptions

This document assumes a working knowledge of LSMW, and at least some basic understanding of the structure of fixed assets data in SAP.

2      The Basics

2.1    Data structures

There are two data structures in the asset load program RAALTD01 – BALTD and BALTB.

2.1.1    BALT D

This structure is mandatory and contains all the basic fixed asset master data.

2.1.2    BALT B

This structure is for what are known as asset transactions. The two common scenarios in which this structure needs to be populated are:

a) An asset was capitalised after the start of the current financial year (the current financial year being the year in which you are going to migrate these assets into SAP), or

b) An asset was disposed of in the current financial year

2.2    Important fields

Key Fields

BALTD- ANLN1             Asset number (normally not used – internal numbering)

BALTD- ANLN2             Asset subnumber (normally not used – internal numbering)

BALTD- BUKRS             Company code

BALTD- ANLKL             Asset class      

BALTD- OLDN1              Legacy asset main number

BALTD- OLDN2              Legacy asset sub number

BALTD- TCODE             SAP transaction           

BALTD- RCTYP             Record type

Master Data

BALTD- AKTIV               Capitalisation date        

BALTD- TXT50               Description      

BALTD- TXA50              Additional description   

BALTD- STORT              Location          

BALTD- WERKS            Plant    

BALTD- KOSTL              Cost centre      

BALTD- LIFNR               Vendor

BALTD- INVNR             Inventory number          

BALTD- LIEFE               Vendor name   

BALTD- AIBN1               Original Vendor Number

Depreciation Data (multiple records per asset)

BALTD- AFABEnn          Depreciation area         

BALTD- NDJARnn          Planned useful life (years)         

BALTD- NDPERnn         Planned useful life (months)      

BALTD- AFASLnn          Depreciation key          

BALTD- AFABGnn         Depreciation start date 

BALTD- KANSWnn         Gross book value         

BALTD- KNAFAnn          Accumulated depreciation

BALTD- NAFAGnn         Ord dep posted


BALTD- BWCNT Number of transactions

BALTB- BUKRS             Company code

BALTB- ANLKL             Asset class      

BALTB- OLDN1             Legacy asset main number

BALTB- OLDN2             Legacy asset sub number

BALTB- TCODE             SAP transaction

BALTB- BZDAT             Transaction date           

BALTB- RCTYP             Record type

BALTB- BWASL             Transaction type

BALTB- ANBTRnn          Amount

2.3    Modifying the standard asset structure

It is possible (and sanctioned by SAP) to modify SAP structures BALTD and BALTB. You only need to modify BALTB if you have added extra depreciation areas to BALTD.

You will of course need an object key to do so, but as long as the fields you are adding are active in transactions AS91, AS92, etc, then this is the only change you will need to make. RAALTD01 will do the rest.

Common reasons for modifying BALTD might be to remove to increase the number of investment keys (default setting is 2) or the number of depreciation areas (default setting is 8). See more on the depreciation areas below.

There is more information in SAP OSS note 23716.

3      Common Problems

3.1    Alpha conversion

As RAALTD01 is very closely linked with the direct upload program RAALTD11, it retains some of the features of a direct upload program. One of these is that it checks during upload whether key data referenced in the asset exists in SAP. It does this without making any alpha conversion.

So, if you are creating an asset with asset class (field ANLKL) ‘100’, you must specify this in the LSMW mapping in its internal SAP format, ie. ‘00000100’. The same goes for cost centres, vendors, etc.

3.2    Legacy asset number

It is crucial when migrating data into SAP to store a reference to the legacy data key.

It is important for business reasons – so that a user can easily see the link between their old data and the new – but it is also important for technical reasons. This is obvious for certain objects like vendors and customers where you need to store the link in order to be able to migrate follow-on transactional data like AR and AP. But it is also useful for assets.

It is very helpful in the test stages of a data migration to be able to run and rerun your load program without fear of loading duplicate information. By storing the legacy asset number somewhere in the asset master, you can easily check with some ABAP code in your LSMW whether this legacy asset has already been created in table ANLA.

The most common field for storing the legacy number is AIBN1 (Original Asset Number) but do not put your legacy number here without checking. This field was intended to be used for the original asset number in SAP after an it has been transferred to a new number.

If using AIBN1 is going to be a problem, another option is ANLH-ANLHTXT. This is a text field which is often unused.

One red herring in the load program is OLDN1 (Old asset number). This field exists in the load structures but not in the database tables. It is only used in the processing of the load program. See further information on this field below in ‘Other quirks’.

If you find that AIBN1 and ANLHTXT are not appearing in the AS91 screens, you can change the screen layouts in customising.

Financial Accounting > Asset Accounting > Master Data > Screen Layout > Define Screen Layout for Asset Master Data

3.3    Missing customising

Before running your test and live asset migrations, please check that the following customising is in place. For some reason, these steps are often overlooked by the FI-CO functional consultants:

Transfer date – this should be set to close to the date you migrate the assets. As AS91 is specifically for data migration, it expects that the capitalisation date for all the assets you migrate will be before the transfer date. Check this in table T093C.

Current fiscal year – also in T093C, check that this has been correctly set.

Number ranges – transaction SNUM.

3.4    NBV – Net book value

It is not possible to directly migrate the net book value of an asset. You must migrate the gross book value (acquisition cost) and the accumulated depreciation. SAP will then calculate the NBV.

3.5    Time-dependent data

Some of the asset data is time-dependend, ie. you can see the history of these fields. Example fields are cost centre, plant, internal order, location and business area. They are all stored in table ANLZ. The standard SAP load programs can only handle the current values of these fields. You cannot migrate multiple ANLZ records per asset.

If you need to do this, you should first create your assets using RAALTD01 and load the initial values of these fields. Then create another LSMW program using an AS92 recording to upload any changes.

3.6    Mid-year asset migration

Due to how the fixed asset depreciation links in with the General Ledger, if you are migrating assets midway through a fiscal year you have to split the depreciation to date into two amounts: depreciation up to the end of the previous fiscal year, and depreciation during the current fiscal year.

One way of doing this is in your LSMW code: in the Takeover Values screen, enter the depreciation amount up to the end of the previous year into the field Accumulated Depreciation (BALTD-KNAFAnn) and the amount of depreciation in the current year into the field Ordinary Depreciation Posted (BALTD-NAFAGnn). This is generally the most popular method.

The second way is to transfer the assets as at the end of the previous fiscal year and then run depreciation in SAP for all months in the current year. This involves more work for the functional consultants.

3.7    Assets created in this year

For the same reasons as described in ‘Mid-year asset migration’ above, you have to distinguish in SAP between assets created in previous years and assets created in current years. Your capitalisation in the current year needs to be identified as a transaction.

In this situation you will need to post both a BALTD record and a BALTB record.

Your posting will differ from the standard asset creation in the following ways:

·         BALTD-BWCNT needs to be populated with ‘0001’ (assuming you are only posting one transaction)

·         You need to map the acquisition value into BALTB-ANBTRnn with transaction type ‘100’ instead of mapping it as normal to BALTD-KANSWnn

·         BALTD-KNAFAnn does not need to be populated

·         BALTD-NAFAGnn should be populated with the depreciation amount

·         BALTB-BZDAT should be populated with the capitalisation date

3.8    Asset disposals

Disposals in the current fiscal year must also be identified as transactions.

In this situation you will need to post both a BALTD record and a BALTB record.

Your posting will differ from the standard asset creation in the following ways:

·         BALTD-BWCNT needs to be populated with ‘0001’ (assuming you are only posting one transaction)

·         You need to map the disposal value into BALTB-ANBTRnn with transaction type ‘200’

·         BALTB-BZDAT should be populated with the date of disposal

3.9    Depreciation areas

When creating fixed assets in SAP you will often populate multiple depreciation areas. Common depreciation areas set up in SAP might be Local Depreciation, Group Depreciation (if your company is international) and Tax. The depreciation rules for each of these might be slightly different, therefore you will create one depreciation area for each.

Rarely, you might need more than the 8 depreciation areas provided as a default by SAP in structure BALTD and BALTB. I have only ever experienced this once while loading fixed assets in Italy. It was necessary due to the multiple currency devaluations that the Italian lira had undergone over the past thirty years or so.

This can be handled by modifying the standard structures BALTD and BALTB. See information on this above in the section ‘Modifying the standard asset structure’.

3.10Other quirks

3.10.1Invalid characters

You may not put the hash character # in any of the BALTB or BALTD fields.

3.10.2Long texts

The standard upload program does not handle long texts. These would need to be loaded in a separate program. But this situation occurs rarely.

3.10.3’Unexpected record type found’

This error occurs if you enter the wrong record type in the two RCTYP fields. It should be ‘A’ in BALTD and ‘B’ in BALTB.

However, it you are sure that you do not have this problem and you are still getting the error, check whether any of the master data you have referenced exists. For example, are all your cost centre numbers valid. I have had this error in the past when migrating assets with transactions. The ‘real’ error of invalid data in your BALTD record is not given by SAP. It gives this error instead.

The moral of this story: always validate your master data fields in LSMW when loading fixed assets. A set of user routines such as CHECK_KOSTL, CHECK_WERKS, CHECK_LIFNR, etc, can save you a lot of time.

3.10.4Audit and Error report

The error reporting is dreadful in RAALTD01 if you do not populate the field BALTD-OLDN1. If you do not populate this field, the program will list any errors you have with the asset description only, which is not particularly helpful. So, always populate OLDN1 even if you are not migrating transactions.

4      Footnote

This guide should be viewed as a starting point for discussions and is not intended as an exhaustive examination of the various methods available. There will inevitably be circumstances specific to individual situations that cannot be covered here.

You can find more Harlex Guides to SAP data migration here: http://www.harlex-ltd.com/downloads.html

For further information on the migration of fixed assets into SAP or indeed on any data conversion topic, please contact Harlex at: [email protected]

Source by Ben McGrail

May 12, 2017 0 comment
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