Category Archive : Business

Entrepreneurs are exceptionally good at some things, and one of them is creating wealth. They understand the basics of what wealth really is and what it is not, and they understand that to create wealth today they must be masters at developing small business ideas.

What really is wealth

An important aspect of wealth creation is understanding wealth. Now, most people think they know what wealth is, but if you ask them to define it, they usually give an answer like “money” or “possessions.” These kinds of answers to the question about wealth clearly show that they do not understand it.

So what is wealth?

Wealth is value. Dollars, cars, houses, and oil reserves are evidence or tokens of that value, but they are not the value. This difference is a key element in understanding wealth, and understanding the difference helps to see it correctly. There is an unlimited supply of wealth in the world. Literally unlimited. And this is because you can always create and always create more.

Many people think that wealth is a big cake from which every person, society or company can take a piece; some bigger, some smaller. This image seems to make sense, but it is very inaccurate. If this were true, then the more people there would necessarily make the available portions (or the size of each portion) smaller. But if you look closely, you’ll see that it just isn’t. Wealth is created, produced and spread from person to person, but there is always more to do, more to give and more to take.

For example, consider a company that employs a group of people on a project and has been assigned $1,000. When the project is finished, the manager is paid $1,000. He has nine people working under him. Each of those nine has worked to generate the $1,000 that came from the company they all work for. If the manager gives everyone an equal share of the money and includes himself in the payment, they will each get $100. Simple enough.

But what if there were only four people working under the manager? If he divides the money equally between himself and four others, they will each get $200. In this scenario, the people who worked did the same job but received the money twice. This is an example of people sharing parts of a cake, which in this case is $1,000.

But we cannot stop there, because it must be understood that the $1,000 was not the wealth created, but rather the sample of the wealth shared by the company with the workers. The company could have allocated $2,000 for the project, or $4,000, or whatever amount they agree on. And the manager could have hired nine people or four or even twenty-four. These are arbitrary decisions made by the company and the manager, but they have no real effect on the value of the project…they are just displays of value.

how wealth is created

The real wealth created here was the project itself: what was done, what was created, what was achieved. The actual profit produced is the actual amount of wealth created. Perhaps a new public park was planned, or a new gate latch designed, or a new training manual written. Wealth was the completed project. The company may have paid $1,000 for it, but the real value of the project is unlimited.

A new park is likely to create fun and healthy exercise for years and years to come for thousands upon thousands of people. How could anyone put a dollar amount on that?

The new door latch may be the best design ever and start a whole new line of products that create jobs for hundreds of people, leading to better livelihoods for thousands. How could anyone put a dollar amount on that?

The new training manual could lead to better job production or the creation of new businesses that generate millions of dollars that in turn enrich the community and create jobs and…

Wealth creation has unlimited effects and there are no dollar amounts that define it. Understand this and you will understand how to build wealth.

How can you create wealth

Creating wealth has an almost inherent quality of novelty. If you consider the most notable illustrations of wealth, you will notice that they involve the promotion and performance of IDEAS. Yes, idea concept is the most valuable asset on planet earth. And this is precisely where the average man or woman has the opportunity to do something phenomenal, something powerful.

The unmatched impact of small business ideas.

Not everyone has outstanding athletic abilities, or a house in the best neighborhood, or wealthy parents. But we all have one thing for sure: our minds. And we are given the gift of being able to control our own minds and use our minds for a good purpose. No one can take that away from us. So it behooves us to take every opportunity to build, strengthen, and use our minds, all the time.

Wouldn’t you like personal finance to be a required course in college? Unfortunately, many of us learn by mistake. When you need a personal loan and get turned down, you may not know what went wrong and how to fix it. Here are some clues.

NO CREDIT

No credit is a situation where you have never used credit and therefore have no credit history for the bank to review. They have no way to make an informed decision about whether or not you will repay a personal loan based on your credit history. No credit is worse than bad credit. Qualifying and making regular payments on these types of introductory forms of credit can beat a “no credit” score:

student loans

Secured credit card (includes a down payment amount)

Being added to a parent’s or spouse’s good credit: card, car loan, etc.

LOW CREDIT

Low credit takes several forms. If you are using more than 30% of your allowed debt, it can negatively affect your score. Too many questions of looking for loans will also affect you a lot. Late payments, defaults or bankruptcies are giant red flags and can take a long time to recover from.

Other things lenders may consider are whether or not you have significant assets in the event of a loan default. They also check to see if your debts are diversified or if you only have one type of debt.

ENTRY

Proof of income is usually required when applying for a personal loan. If you are unemployed or underemployed, it can work against you in the loan approval process. Lenders may also require an employment history to see how long you’ve been with your current employer and to determine if you normally have job stability. Frequent job loss or change will signal to the creditor that your payments may not be reliable.

PURPOSE OF THE LOAN

Believe it or not, your application may be denied due to your intended purpose for the loan. Financial institutions have the right to set the parameters surrounding your disbursements and can accept or reject your request based on what you want to use the money for.

BLACKLIST

If you have defaulted on a debt before, your name may appear on a list of who not to lend to, also known as a “Black List”. This will follow you for a long time and is difficult to erase. If you resolve the debt problems, get documents to prove the resolution.

LOAN WITHOUT CREDIT CHECK

If you need a loan now but are worried you won’t qualify for a personal line of credit, you may qualify for a no credit check loan. You could be on your way to a better financial future in no time!

Lately, my husband and I have had some deep conversations about our future. What we want it to be, what it looks like, and the kinds of adventures we’d like to experience before we leave this beautiful planet called Earth.

Neither of us expected these conversations to turn into a discussion about selling our house and becoming renters.

Quite a strange turn of events for us after a lifetime of “owning” our own homes. We both pursue home ownership, as if being a renter is the worst financial plan ever!

Who knew that we would be serious about selling our house, depositing our capital and letting someone else worry about the care and maintenance of the home.

I must admit that the idea is a bit disconcerting, being a tenant again. I personally have only been a renter twice in my adult life, and then only for short periods. My first rental experience was when I got married for the first time at 19 years old. Yes, you read right! 19 years. And, the other when I got divorced at 28.

With the exception of those two periods of my life, I have owned a home.

Or, to put it more precisely, he lived in a mortgaged house.

All these years I’ve taken pride in owning my own home (I’ve owned seven houses) only to wake up and realize it was just another fancy way of saying I’ve always been a renter. The only difference is who I pay the rent to: a lender or a landlord.

I wish I could say that, at this point in our lives, we had no mortgages. Unfortunately not. After 18 years here, we still have another 14 left on our first 30-year fixed mortgage.

Somehow it feels like a life sentence, a debt that will follow me to the grave. Every month, the balance just goes down, it moves slower than a sloth. In fact, a sloth moves faster than our mortgage balance!

Hardly a tooth is made in the quantity that we owe.

Oh, but wait, what about that home equity line of credit? Oh yes, that! It seemed like a good idea at the time, having the equity in our home to pay for upgrades and improvements to our home.

At least that’s what all the financial experts suggested was a good idea. And, we drank the Koolaid, we were sucked into more debt.

Years later, we regretfully owe almost as much on our second mortgage as we do on our first mortgage.

Which brings me back to the conversations about becoming a tenant…

Do you feel the need to move?

Have you ever wondered why you have that drive?

Is it because you want more space? A better neighborhood? A nicer home? Job changes or economic reasons? A desire to downsize to a smaller house, now that the kids are gone?

Or, could there be a deeper reason, one that you haven’t considered?

There are many reasons someone might want to move. It has been a dream for most Americans for generations. However, most of us tend not to question our true motivations for doing so.

Perhaps we listen to the financial experts who say that home ownership is the only way to go. Many say that renting is a financial dead end. That we are throwing good money. Therefore, we plunge into home ownership without evaluating whether it really fits our desired lifestyle.

Maybe we had a bad experience, or two, as a tenant. It could be that we had the landlord from hell, so we decided to never rent again, pushing ourselves to own the house.

It could be that we have a spouse who wants to own a home and we go into the real estate market.

Or, perhaps, the push of one or two new little ones: the desire to nurture the security of our own home.

Whatever the reasons, I’d like to encourage you to stop and consider them. To not just dive in without really understanding why you have the need.

To define what you want. The lifestyle you want. To assess your financial well-being around the idea. To clarify the reasons why you want to move.

Get crystal clear clarity.

Ask some deep questions: Why do you want to move? Is there a reason you don’t want to stay in your current home? What exactly do you want to move into? And how much will this cost you no matter which path you choose?

For my husband and I, our reasons for moving were maintenance free, debt free, mortgage free, increased cash flow, more freedom to travel, and more flexibility. To be able to move more easily into the future without the burden of fixing up the place and selling it.

We had to be clear about where we wanted to go. A detailed list of wishes and duties. For example, the size of the house, condo or apartment. The monthly rent. The type of owner we wanted to attract, the setting and the convenient location.

We also made a complete list, along with dollar amounts, of what needed to be done in our current home if we decided to stay. This gave us the ability to compare it to what it would cost to move.

A reality check.

So how about you? If you feel the need to move, have you asked yourself: What are my reasons for doing so? Do I really know what it will cost me to move? How much would it cost to stay? And what exactly do I want to move to?

Why not take the time now, while it’s just an impulse, to fully assess your motivations? There is no right or wrong.

It is, after all, the costliest financial commitment of your life. Why do it in a hurry? Take your time. Do not rush.

In the long run, you won’t regret taking the time to clarify the real motivations behind all of this.

While identity theft is nothing new, the Web has opened up a whole new world of opportunity for identity thieves.

According to the FBI, identity theft is the number one online fraud. The US Federal Trade Commission says that identity theft is the number one source of consumer complaints: 42 percent of all complaints in 2001.

The thief will use your personal information to open credit card accounts, cell phone accounts, open bank accounts in your name, and write bad checks, leaving the victim with ruined bills and credit scores. Identity thieves can pose as representatives of banks, Internet service providers, and even government agencies to get you to reveal your Social Security number, your mother’s maiden name, financial account numbers, and identifying information.

In a recent article (http://www.msnbc.com/news/830411.asp), MSNBC reported the case of a man who fell victim to a fraudulent job posting posted on Monster.com. According to the article:

“It was just the job Jim needed: a marketing manager position at Arthur Gallagher, a major international insurance broker. And just days after Jim responded to the job posting on Monster.com, a director of HR sent an email promising “We’re interested in you,” the note said. Salary is negotiable, clients are great. In fact, clients are so valuable and sensitive that you’ll have to submit to a background check like part of the interview process. Eager for the job, Jim complied and submitted nearly every clue to his digital identity, including his age, height, weight, Social Security number, bank account numbers, even his mother’s maiden name “.

Jim spent the day canceling his credit cards, checking his balances, and contacting the credit bureaus, but he worries that his information is now “out there.”

There are warning signs that can alert you to fraudulent job offers. While these items don’t necessarily mean the listing is a scam, they are indications that you should perform additional verification.

–Incorrect grammar and spelling errors

–The area codes of the telephone or fax number do not match the address provided

–Unrealistic salary

Online job databases aren’t the only places identity thieves look for personal information. In recent indictments in the US, individuals have been accused of obtaining and using personal information in various ways. In Miami, two people have been charged with illegally tapping into restaurant computer networks using the cover of a shell corporation. A New York State Insurance Fund clerk stole office files and used stolen identities (of people across the country and of fellow office workers) to obtain goods and services. A Kaiser Permanente phlebotomist has admitted using the personal information of patients and employees to open credit card accounts in multiple names.

Recently, an FTC investigation into a work-from-home scheme spawned an incredible “scam within a scam” when a man posing as an FTC employee emailed hundreds of victims of the scam. He requested personal information indicating that it was to be used as evidence in the case.

While it is impossible to completely eliminate your chances of becoming a victim, you can minimize your risk by doing the following:

–If a prospective employer asks you for personal information, you should ask for their contact information and then separately look up the company information and contact them to verify that they actually exist. While it’s not unusual for an employer to ask for certain job-related information (such as your employment history and previous employers), it’s not appropriate for them to ask for personal information (such as a social security number) unless they’re actually hiring you (and employers). have checked to make sure they are legitimate). Even then, you should never be asked for financial information like a credit card number.

–On online resumes, never include your social security number and keep even your employment history brief.

–Check your credit card statements frequently. Believe it or not, many people don’t even review them!

–Be sure to follow up with creditors if your bill doesn’t arrive on time. A missing credit card bill may mean an identity thief has changed your billing address to cover their tracks.

–Order your credit report from one of the major credit bureaus each year and verify that everything is correct.

What to do if you have been a victim of identity theft:

The FTC maintains the Consumer Sentinels Identity Theft Data Clearinghouse, the national repository for identity theft complaints. The FTC established the toll-free Identity Theft Hotline, 1.877.IDTHEFT (1.877.438.4338), and the Identity Theft Website (www.consumer.gov/idtheft) to provide identity theft victims with a central place to report your problems and receive useful information.

The Internet Fraud Complaint Center (IFCC) is a partnership between the Federal Bureau of Investigation (FBI) and the National White Collar Crime Center (NW3C). You can use their online system to file a complaint.

[http://www1.ifccfbi.gov/index.asp]

When men first went to the moon, they planned with mathematical precision where they were going and how they were going to get there. And they could communicate with home. But when Ferdinand Magellan’s five small wooden ships, most of them about 70 feet [21 m] long, comparable in length to a modern semi-trailer that left Spain in 1519, they sailed into the unknown. And they were completely alone.

Among the most daring and courageous feats of navigation of all time, Magellan’s voyages are a monument to the Great Age of Exploration, an age of courage and fear, exhilaration and tragedy, God and Mammon. Let’s go back, then, to 1480, when Ferdinand Magellan was born in northern Portugal, and take a look at the remarkable man who opened the world and his epic journeys.

From court page to intrepid sailor

Magellan’s family are members of the nobility, so, as is customary, when Ferdinand is still a young boy, he is called as a page of the royal court. Here, in addition to training, he knows first-hand the exploits of men like Christopher Columbus, who has just returned from America after having sought a western sea route to the legendary Spice Islands (Indonesia). Young Ferdinand soon dreams of the day when he, too, can hear the tarp slapping over his head and feel the spray of uncharted oceans on his face.

Sadly, in 1495 his patron, King John, is assassinated and Duke Manuel, fond of wealth but not of exploration, ascends the throne. For some reason, Manuel doesn’t like the 15-year-old Ferdinand and for years ignores his requests to go to sea. But when Vasco da Gama returns from India, laden with spices, Manuel smells great wealth. Finally, in 1505, he gives Magellan permission to go to sea. Magellan sets out for East Africa and India in a Portuguese navy to help wrest control of the spice trade from Arab merchants. Thereafter he sails further east to Malacca with another military expedition.

During a skirmish in Morocco in 1513, Magellan is seriously injured in the knee. As a result, he limps for the rest of his life. He asks Manuel for an increase in his pension. But Manuel’s animosity is not diminished in the least by Magellan’s recent exploits, sacrifice, and valor. He sends him on his way with barely enough to live in sweet poverty.

At this lowest point in Magellan’s life, he receives a visit from an old friend, the famous navigator João de Lisboa. The two discuss ways to get to the Spice Islands by going southwest, through the pass, a strait rumored to run through South America, and then across the ocean that Balboa recently discovered when he crossed the Panamanian Isthmus. They believe that on the other side of this ocean are the Spice Islands.

Magellan is now striving to do what Columbus failed to do: find that western route to the East, which he believes is shorter than the eastern route. But you need financial backing. So, still smarting from the heat of Manuel’s anger, he does what Columbus himself did some years before: he seeks the patronage of the king of Spain.

Will the King of Spain listen?

With his cards open, Magellan presents his arguments to the young sovereign of Spain, Carlos I, who is more interested in Magellan’s western route to the Spice Islands, since this would prevent trespassing the Portuguese sea routes. What’s more, Magellan tells him that the Spice Islands may actually be in Spanish territory, not Portuguese! See the box “The Treaty of Tordesillas”.

Carlos is conquered. He gives Magellan five old ships to fit out for the expedition, makes him captain general of the fleet, and promises him a share of the profits from the spices brought home. Magellan immediately goes to work. But because King Manuel cunningly tries to sabotage the project, it takes over a year for the fleet to finally be ready for their epic journey.

“The Greatest Sailing Feat in History”

On September 20, 1519, the San Antonio, the Concepción, the Victoria, and the Santiago, from largest to smallest, follow Magellan’s flagship, the Trinidad, the second largest ship, as they sail to South America. On December 13 they arrive in Brazil and under the majestic gaze of the Pão de Açúcar, or Sugar Loaf, they enter the beautiful bay of Rio de Janeiro for repairs and provisions. Then they continue south into what is now Argentina, always on the lookout for the pass, the slippery passageway to another ocean. Meanwhile, the days get colder and icebergs appear. Finally, on March 31, 1520, Magellan decides to spend the winter in the cold port of San Julián.

The voyage has now taken six times longer than Columbus’s first Atlantic crossing and there is still no strait! Morale is as frigid as St Julian’s weather, and the men, including some of the captains and officers, are desperate to get home. It’s no surprise when the riot breaks out. But through quick and decisive action on Magellan’s part, it fails and two of the ringleaders are killed.

The presence of strange ships in the port naturally arouses the curiosity of the strong and great local inhabitants. Feeling like dwarfs next to these giants, visitors call that land Patagonia from a Spanish word meaning “big feet,” its name to this day. They also see ‘fur seals that resemble calves in size, and black and white geese that swim underwater, eat fish and have raven-like beaks.’ Yes, you guessed it, seals and penguins!

The polar latitudes are prone to sudden and violent storms, and before winter is over, the fleet suffers its first casualty, little Santiago. Fortunately, however, the crew is rescued from the shipwreck on land. Thereafter, the remaining four ships, like little winged moths enslaved by incessant icy gales, make their way south into ever-colder waters through October 21. Through the spray and sleet, all eyes are fixed on an opening to the west. Step? Yes! They finally turn around and enter the strait that will later be known as the Strait of Magellan! Yet even this moment of triumph is tarnished. The San Antonio deliberately disappears into the labyrinth of the strait and returns to Spain.

The three remaining ships, flanked by desolate fjords and snow-capped peaks, doggedly make their way through the tortuous strait. To the south they see innumerable campfires, possibly from indigenous camps, which is why they call that land Tierra del Fuego, “Land of Fire”.

the pacific test

After five harrowing weeks, they sail into an ocean so peaceful that Magellan calls it the Pacific. The men pray, sing hymns and salute their conquest with their cannons. But his euphoria is short-lived. Pain awaits them beyond anything they have experienced so far, for this is not the little sea they expected, it goes on and on, and men grow hungrier, weaker, and sicker.

Antonio Pigafetta, a tough Italian, keeps a diary. He writes: “Wednesday, November twenty-eighth, 1520, we… entered the Pacific Sea, where we remained three months and twenty days without taking provisions… We only ate old biscuits reduced to powder, and full of maggots and stinking from the filth that rats had made in it…and we drank smelly yellow water.We also ate the oxhides…and the sawdust from the wood, and-a-crown each, besides, they couldn’t get enough from them “. So, while the new trade winds fill her sails and the clear water slides under her keel, the men lie rotting with scurvy. Nineteen die when they reach the Mariana Islands, on March 6, 1521.

But here, due to hostilities with the islanders, they only manage to get a little fresh food before setting sail. Finally, on March 16, they sight the Philippines. Finally, all men eat well, rest and regain their health and strength.

Tragedy A dream collapses

A deeply religious man, Magellan converts many local inhabitants and their rulers to Catholicism there. But his zeal is also his undoing. He gets involved in an intertribal dispute and, with just 60 men, attacks about 1,500 Indians, believing crossbow, musket, and God will assure him victory. Instead, he and several of his men are killed. Magellan is about 41 years old. Loyal Pigafetta laments: ‘They killed our mirror, light, consolation and true guide’. A few days later, some 27 officers who had done nothing but keep watch from the safety of their ships are assassinated by once-friendly bosses.

When Magellan died, he fell into familiar waters. A little to the south are the Spice Islands and to the west is Malacca, where he had fought in 1511. If, as some historians think, he sailed to the Philippines after the battle of Malacca, then, in fact, he turned to the world. although not, of course, in a single trip. He had come to the Philippines from the east and the west.

Disaster plagues the race home

Since there are so few men left now, it is impossible to work with three ships, so they sink the Concepción and sail the remaining two ships to their final destination, the Spice Islands. Then, having loaded up with spices, the two ships part ways. However, the crew of the struggling Trinidad is captured by the Portuguese and imprisoned.

But the Victoria, commanded by former mutineer Juan Sebastián de Elcano, escapes. Avoiding all but one port, they risk the Portuguese route around the Cape of Good Hope. However, not stopping to buy groceries is an expensive strategy. When they finally arrive in Spain on September 6, 1522, three years after their departure, only 18 sick and emaciated men have survived. Still, they are the first undisputed circumnavigators of the earth. And De Elcano is a hero. Incredibly, the Victoria’s 26 tons of spices pay for the entire expedition!

Magellan’s name lives on

For years Magellan was denied his true place in history. Influenced by the reports of the mutinous captains, the Spanish slandered his name, saying that he was harsh and incompetent. The Portuguese label it as a provider. Unfortunately, the record of him disappeared when he died, probably destroyed by those he would expose. But thanks to the indomitable Pigafetta, one of the 18 circumnavigators, and 5 other members of the expedition, we have at least some record of this tragic but extraordinary journey.

Over time, history revised his judgment, and today Magellan’s name is duly honored. A strait is named after him, as are the Magellanic Clouds, two fuzzy southern galaxies first described by his crew and the Magellan space probe. And, of course, the name of the largest ocean in the world, the Pacific, we owe to Magellan.

In fact, “no human voyage of such importance would take place until Apollo 11 landed on the Moon 447 years later,” writes Richard Humble, in Magellan’s Voyage. Why was the trip so important? First, he showed that the Americas were not part of or close to Asia, as Columbus had thought. Second, at the end of the voyage, a one-day discrepancy in the dates signaled the need for an international date line. And finally, as the science writer Isaac Asimov said, he proved that the earth is a sphere. Yes, in this last aspect, Magellan demonstrated in a practical way what the Bible itself had been saying for 2,250 years. (Isaiah 40:22; compare Job 26:7.) Surely the religious man who opened the world would have liked that very much.

If you have too much debt, then you need to find a solution to pay off your debt and become financially free. With a bad economy many people are using more credit cards and this is creating an increase in personal debt. Paying off that debt can be great for you so you have less stress in your life.

First you want to make a list of the debts you have. It is important that when you are looking for a solution to pay off your debt, you know exactly how much money you are going to need.

Next, you need to find a government grant that fits your needs. When searching online, be sure to search for all available grants that you may qualify for.

There are many people who do not take advantage of the government grant money that is available every year, and in turn, much of this money goes unused.

Finally, you must remember that you are responsible for your finances and for getting rid of your debt. You want to take action to pay off your debt now because the longer you wait, the harder it will be.

Remember that paying down your debt so you have less stress in your life should be your number one priority. Getting a government grant is one of the best ways to accomplish this and once you get the money, you can be financially secure.

Although hedging is considered by some to be an advanced concept and difficult to discern, hedging execution is, in fact, extremely basic. Risk managers may use futures contracts, OTC swaps, call and put options, and combinations thereof to set prices over a given period. This allows a business to know exactly how much it will pay for its energy during that time, and plan that price accordingly. The real challenge in hedging is establishing a strategy that matches a company’s risk appetite and hedging objectives.

Coverage to mitigate risk

The coverage is especially significant for companies that produce or consume large amounts of energy, such as natural gas, crude oil, etc. However, many companies view hedging as a profit strategy, which it is not. The goal of hedging is not to make money (or lose money), but to mitigate risk. That, in itself, is another term that needs to be defined. In some cases, a company’s risk will be based on the price at which it will buy or sell its energy. For others, risk could be defined as the opportunity cost of transacting at a lower or higher price so that they can use the funds saved to move forward with other projects or technologies.

The bottom line is that no two companies share the same risks. Therefore, it is crucial that anyone looking to implement a hedging program seek out a well-qualified hedging strategy that meets their unique objectives and risk appetite. The first step in this is to define your risk and hedging program objectives, then create a strategy that uses the right hedging instruments at the right time to meet your needs.

Here are a couple of tools to help manage coverage programs:

Futures/forward contracts

Futures are the basic contract to buy a predefined asset of standardized quantity, on a certain date at a certain price. Futures contracts are guaranteed by a clearinghouse, which limits the risk of default by the opposing party. Forward contracts are a standard contract between two parties and do not have as inflexible terms and conditions as a futures contract. Also, there are chances that the opposing party will renege on their commitment.

Options

Options are a very flexible hedging tool. An organization or investor can buy a ‘call’ option, which is the right to buy an asset at a specific price, or a ‘put’ option, to sell it at a specific price at a future date. Unlike futures, the option owner is not required to consume the transaction if the market price is more profitable than the option price.

Natural gas example

During the first eight months of 2015, natural gas prices traded in a sideways range between nominally $2.50 and $3.00 per MMBtu. Then, in September 2015, prices broke out of the range, finally falling to $1,611 in March 2016, an eighteen-year low. Let’s say that during this time there was a utility company that wanted to build a new gas-fired power plant, but to finance such a project they needed gas prices to stay below $2.50 for the next year.

In this extreme example, the company does not want to miss out on the opportunity to build the new facility, but it also does not want to risk higher prices. Therefore, your goal is to lock in prices using futures or calls once prices fall below $2.50. Using futures would limit the cost of the hedge, but would also have more downside risk than using options. Options would limit risk to the cost of the option premium, but prices would have to fall well below $2.50 for the “all-in” cost of the strategy, that is, the option strike price plus the premium, not to exceed $2.50.

Either way, in this case the utility knows what its objective is and can create a strategy for scheduling coverage once prices fall below $2.50. Once they can lock in natural gas prices, they’ll know it’s safe to go ahead with the new power plant. If prices didn’t drop so low, they would know they can’t go ahead with the project.

conclusion

Organizations hoping to protect themselves from wild market fluctuations would be better served by at least investigating what an explicit hedging program offers the business. Market participants should be able to smooth out price swings and create a strategy that fits their unique goals and risk appetite. A well-defined hedging program is an essential part of mitigating energy price risk, and the right strategy and tools can help achieve a company’s hedging and risk management objectives.

Virgin

Named after the musical icon, the Madonna piercing is placed on the right side of the face, just above the upper lip. The exact location of Madonna’s own mole.

monroe

There is no beauty brand more iconic than Marilyn Monroe’s. The Monroe piercing is a tribute to that. It is placed on the left side of her face, just above her upper lip, exactly where Marilyn’s mole was.

labret

Although it is considered a lip piercing, with a labret the lip is not technically pierced. The labret is just below the lower lip above the chin.

jellyfish

The jellyfish piercing sits in that little depression at the top of the lip below the nose. The placement is important here, as you don’t want to throw off the symmetry of your face. So find a good piercer.

upright labret

A vertical labret has two holes. One is in the same place as a regular labret, with the second hole coming out the middle of the lower lip.

jester

Jestrum piercings, also known as vertical jellyfish, are placed on the upper part of the upper lip and the other end comes out below the upper lip.

spider bites

Spider bite piercings are a pair of piercings close together. They are placed on the upper or lower lip. Getting two piercings so close together at the same time can be painful, so be warned.

angel dicks

Angel bite piercings are two evenly spaced piercings on the upper lip. Think of them as a combination of Monroe and Madonna piercings. Snake bite piercings are the opposite of this.

cyber bites

Cyber ​​bite piercings are a combination of a jellyfish and a labret. One hole is placed in the center, just above the upper lip, and the other hole is placed in the center, just below the lower lip.

dolphin bites

Dolphin bite piercings are two piercings centered on the lower lip together. They are similar to snake bite piercings only closer in distance.

dahlia bites

Dahlia piercings are done at the corner of the mouth. You can do them in pairs or just one. They can be rings, but studs are more popular.

canine bites

Canine bites are a combination of angel bites and snake bite piercings. Two piercings are placed above the upper lip with a distance from each other, and two more are placed at the same distance below the lower lip. This makes a total of four holes.

snake bites

Snake bites consist of two evenly spaced piercings in the lower lip. This piercing can be done with either rings or studs.

shark bites

Shark bites are two piercings pressed together on each side of the lower lip. There are four piercings in total. These are essentially double spider bites.

horizontal lip

Horizontal lip piercings involve placing a horizontal barbell in the center of the lower lip.

Ashley

The Ashley piercing is one of the most popular piercings. It is a single piercing placed in the center of the lower lip. It’s still a fairly new piercing, so make sure you get it done by a professional.

Appointment of Manager Under Companies

If you’ve been thinking about the Appointment of Manager Under Companies Act, then you’ve come to the right place. This article will provide you with information that you may find useful as you work to start a new company or expand an existing one. Here are some of the important aspects to remember. After all, this role is crucial to your company’s success. Listed below are the key elements of an Appointment of Manager Under Companies Act.

dmcc company coordinator

The company’s memorandum of association may specify that the manager can be dismissed by the partners of the company. If the company’s memorandum of association does not explicitly mention this, the manager can choose to resign in writing to the general assembly. The general assembly then has 30 days to decide whether to accept or reject his or her resignation. The resignation is considered accepted once the thirty-day period has expired.

A manager is responsible for the management of the company’s finances. Regardless of his or her title, the role of a manager is critical to a company’s success. Whether the manager is responsible for a company’s financial performance, or whether the company’s reputation suffers from the incompetence of its directors, he or she will be responsible for their actions. While the company’s board of directors is not personally responsible for the actions of its managers, the actions of the company are held to be in the best interests of the business.

The Appointment of Manager Under Companies Act

If you’re interested in setting up a company, the articles of incorporation can help you get started. Usually, these documents state that power to elect directors vests in the shareholders, but it also provides that the board has discretion to appoint a new director. The directors are elected at a general meeting and must be given reasonable notice of the resolution. If a director is not re-elected, shareholders can refuse to elect them.

company coordinator dmcc

New regulations also specify the roles and responsibilities of DMCC companies. All DMCC entities must have a Director and a Secretary. However, the number of Directors is no longer limited to two. DMCC companies may appoint a Legal Representative instead of a Director or Secretary. Companies may need to review their share structure or adopt bespoke articles to comply with these new regulations. This new law may also require the appointment of an auditor.

appoint a company coordinator

Most Coordinators have bachelor’s degrees, with the discipline determining the particular niche. Many Coordinators have a bachelor’s degree in finance, accounting, hospitality management, project management, or event management, among other disciplines. Some Coordinator positions may require additional licenses or certificates. Experience in the field is essential, though entry-level applicants will have relevant experience. If you’re looking for a Coordinator to fill a position at your company, be sure to check their credentials and check out their references.

A will is a statement of a person’s intent regarding the disposition of their assets after their death. It has no legal effect until the death of the testator (the person who makes a will).

In a will, the testator declares the person who will carry out the distribution of his assets (executor) to the person to whom he wishes to give (beneficiary). He may want to appoint a trustee to take care of your property, for example, to insure, sell or rent it. He can even appoint a guardian along with his spouse to take care of his children until they come of age.

There are some compelling reasons why a person should make a will during their lifetime.

First of all, a testator can bequeath his assets to the people he wishes to bequeath in his will. For example, he may wish to donate some of his property to charity or give some of it to a friend. Without a will, a person’s estate will be distributed according to the Distribution Act of 1958. According to the Distribution Act of 1958, the legal beneficiaries are their spouse, children (children, if there are no children, grandchildren), and parents . However, the court may intervene if a dependent of the testator who is not named as a beneficiary in the will requests a review.

Second, in the event that a person dies without a will, those who have rights to their assets in their own right, that is, spouse, offspring and parents, must choose an administrator who is responsible for the distribution of the inheritance. The administrator will have to request through a lawyer to the Court the issuance of a letter of administration before the distribution of the inheritance. If your spouse, affairs and parents do not have a good relationship, you may face difficulties in choosing a trustee. On the contrary, if a person dies with a will, the person who carries out the distribution of the inheritance is indicated in the will. He is the executor. He will apply to the Court for the issuance of a grant of succession prior to the distribution of the estate.

Third, in the event that a person dies without a will, the Court requires two guarantors who can respectively guarantee the gross value of the inheritance. If the gross value of the inheritance is worth a million dollars, it will not be easy to find a relative or a friend to be a collateral. Contrary to such a situation, if a person dies with a will, the Court does not require collateral.

Fourth, the request before the Court for a letter of administration will take between three and five years due to the difficulty in choosing an administrator, the search for guarantees, the determination of the inheritance of the deceased, etc. In contrast, it only takes about six months for the court to issue a grant of succession.