Property Investment Vs Property Speculation

Most people get Real Estate wrong for two simple reasons.:

1. They don’t understand the difference between an asset and a liability
2. They don’t understand the difference between investing and speculating

The broke majority live under the misguided belief that their family home is an asset. An asset by definition is Something valuable that an entity owns, benefits from or has use of, in generating income. The key is the words generating income. By that definition your home is not an asset, it is a liability. It does not generate income, it costs you money.

The broke majority will borrow as much as they possibly can, to buy the most expensive home they can afford, in the mistaken belief that this is a good investment. In fact they are are burdening themselves with the worst kind of debt. Long term, expensive, non-deductible debt that produces no income in return. The same kind of debt that lead to the housing collapse in the USA.

Successful investors understand this crucial point. Your home is not an investment.

The Business Dictionary defines an investment as Money committed or property acquired for future income. Now some will argue that an investment doesn’t have to produce an income and cite as an example gold bullion, collectibles or share futures contracts. By definition, none of these are investments, they are items of speculation. They can go up in value or, just as easily, go down. You are speculating on the future trade-able value, not investing in the inherent value of the income an asset represents. Tens of thousands of homeowners around the world discovered in 2009 that home values can fall and can fall dramatically and disastrously.

If you buy a house to live in with no income return expected from it, but in the hope it will increase in value, you are speculating not Investing.

If you buy a house to rent out, you are investing. The Australian government has long recognised the difference and that is why they allow you to claim the expenses relating to a rental property, including interest payments, as a tax deduction but do not allow any deductions for expenses incurred in buying a house to live in. In other words, the government is willing to share the risk of investing in income generating real estate because the risks are lower than tying up your money in your home.

Smart investors have a small or no mortgage on their own home and the majority of their borrowings are for rental property because that is the lowest risk strategy. They also get the best advice they can on quickly reducing the mortgage on their home.

A Career In The Oil And Gas Industry

Exploring the economic system nowadays doesn’t have the ability to to become doom and gloom, actually some industries have held their very own but still still employ job seeks as more projects open worldwide. The power market is one particular sector, namely oil and coal. The planet depends on energy to help keep moving and becoming employment in the market could keep you useful for an eternity.

Many people consider engineering jobs with regards to energy however that doesn’t also have is the case. Energy companies still IT & communications, administration, drivers and lawyers. To visit even more offshore oil rigs need cleaners & chefs. Whenever you take a look at employer need from the problem you’ll start to understand that personnel is needed of all the type background.

IT & Communications – The gas and oil industry depends on IT and communications. Employment could be on oil rigs to remote desert areas and every of those locations must be from the rest of the world 24/7.

Administration – Just like any other business the power industry depends on admin workers to push paper. Contracts have to be filled and dealings have to be correctly documented.

Engineering – There’s definitely no shortfall of engineering jobs with regards to the power industry. New sites are now being built constantly and also at the same time frame sites are now being removed on the continually basis. This will make the interest in engineers so much in fact.

Offshore jobs – Offshore work needs to be probably the most desired with regards to employed in the power industry and much more specifically the gas and oil industry. Drillers and engineers will find themselves working rotational shifts, where they work and live Six months offshore for six months holiday. These jobs attract much attention since they’re very well paid but getting into can be quite difficult because of their popularity.

Jobs in the centre East – Jobs in remote areas will always be very appealing to engineers and so on. It’s also why employed in the center East happens to be so attractive. Oil firms that earn as much as 1 Billion dollars each day will make sure that you simply earn your worth.

Employed in the power / gas and oil industry doesn’t always mean you need to leave the house as numerous companies have offices in cities around the globe. America of the usa is seeing an oil revival and lots of jobs is now able to available at home. So, regardless of how your perception the gas and oil industry appears like it’s lots of years inside it still.

For more information about Career in Oil and Gas Engineering, simply visit our website

Sap Business One Consolidated Profit And Loss Statement How To Build

Business One is good solution when you are midmarket organization with attributes of multinational corporation, such as branches in foreign countries and headquarters and research facility in the United States. SAP B1 is popular in international business scenarios as it is localized in such popular regional powers as China, Brazil and Russian Federation. There are known cases studies when companies with non-SAP Corporate ERP applications launched Business One for their branches in Brazil and later one switched to it in the headquarters as well. There are some challenges however and one of them is consolidated financial reporting. As you may know such popular tools as Microsoft Management Reporter and FRx do not have GL connectors to SAP BO. Some customers are doing GL trial balance export to Excel and then prepare it to fit consolidation template. This is definitely possible way but you may mention that it is time consuming and open to human errors. In this publication we recommend old-good-days method of GL consolidation:

1.How does it work conceptually? You have to create new company with account structure matching your template. Then you schedule regular GL entries migration into this company General Ledger. This company obviously doesnt represent legal entity but it has all your branches GL activity and ready for consolidated Balance Sheet and P&L. You can use internal reporting

2.How does it work technically? You can deploy several tools. First of all it is possible to pull GL records via Data Transfer Workbench when it has integrations for each company SQL database via ODBC. Second method is programming with Software Development Kit. This second method might seem like something challenging. However it is only one type of transactions and code samples in VB and C# are straight forward. There are ISV products working with SAP B1 SQL database via direct data feed. They are usually expensive and require learning curve. But if you are ready to deploy luxury solution then you should probably make your homework

3.International Business Specific multicurrency. Business One is multicurrency enabled so in our opinion it is just one additional factor to incorporate into the solution. We have done it for the company which operates in Brazil and USA with respectively Real and Dollar

4.Standard for Chart of Accounts. This might be additional challenge as often company deploys the same system in several countries but contracts different consulting partners to do from ground up implementation without coordination with central office. In consolidated financial reporting Chart of Accounts should be reviewed and unified in all business entities. In any case this is good exercise in order to understand you foreign country branch operations and finances or in other words strengthen central control

5.Other aspects of multinational environment and Business One. It is generally good idea to host all the installations on the server located in the Headquarters. There are definitely some specifics associated with foreign company regulations and tax code. But these compliances should not be the central emphasis. Instead you should think about your new Corporate ERP system as the tool allowing you to exercise tight central control over all of your overseas subsidiaries. General advice is to assign chosen consulting organization here in the United States for picking subcontractors for each country to implement just compliance related functionality. Compliance is just a small part of what the system is for

6.Please call us 1-866-304-3265, 1-269-605-4904 (for international customers, where our representative pick up the phone in St. Joseph, MI call center). [emailprotected] We have local presence in Chicagoland, Southern California, South West Michigan and Houston and Dallas areas of Texas. We serve customers USA, Canada, Mexico and Brazil nationwide and internationally via web sessions and phone conferences (Skype is welcomed). Our consultants speak English, Spanish, Portuguese, Russian and Chinese. We feature our expertise is in International Business. We provide second opinion in SB1 data migration, customization and reporting

Ambit Energy Scam Are You Interested In The Real Truth About the Ambit Energy MLM Business Model

Is Ambit Energy a scam or actually is their MLM business model a legitimate business opportunity?

Let us take a close look, shall we?

Ambit Energy is actually a privately owned company that was actually set up during 2006. They provide electricity and natural gas services in the deregulated markets all over the United States, generally marketing using an Multilevel marketing direct sales channel by way of over 210,000 Independent Advisors.

For as long as I’ve been active in the MLM industry I have had 100’s of people ask me something like whether an Multilevel marketing company is a scam. Due to being actively involved with the Network Marketing community this happens with me more than it will happen to the majority of people. I always feel that it is fascinating when this happens due to the fact most people do not understand the true facts.

As far as Ambit Energy is concerned, the correct answer is certainly NO, it’s not a scam.

Moreover, just to be straight up – I want to tell you right here, that I am not a Ambit Energy distributor – I have not actually been in an Ambit Energy downline…nor have I ever been an Ambit Energy customer…What’s more I personally don’t know anyone who is an Ambit Energy distributor personally.

However I have been involved with Multi-level Marketing industry for a duration of greater than 25 years… Furthermore I have got in excess of Something like 20 years’ experience out of beginning as well as operating a business that over the time frame I was involved it did many hundreds of millions of dollars’ worth of business… Because of this mix off knowledge inside Multi level marketing as well as in big business I can reveal to you points, because of working experience that you might not be capable of seeing at first glance at an Multilevel marketing business business opportunity.

In looking over this write-up the probability is that you’ve been recently approached by an individual in relation to signing up for Ambit Energy to become an Independent Consultant or even for some other reason and you are therefore doing some due diligence.

This is a great idea as you need to do your own research before you start a brand new work from home business.

For people who are actually acquainted with the Multilevel marketing laws and regulations that were well established in the United States for over Thirty-five years, it rapidly grows to be evident that Ambit Energy is not merely an outstanding Network marketing company, but also they meet each of their legal obligations for operating a bonafide home business in each State where they conduct business in within the USA.

As well as satisfying the demanding FTC guidelines pertaining to Mlm companies in the united states, Ambit Energy is the Twelfth largest Network marketing business on the globe, they are also members of the Direct Selling Association of America, and they have a score with the Better Business Bureau of A+ … what is more they have been fairly recently put into the best 100 Places to Work at by the Dallas Morning News.

The question of a corporation being a scam is a result of a lack of understanding of the legal definition of a legitimate Multi level marketing business in america, and then mistaking it for an against the law Pyramid Scam. This occurs since most folks have definitely not spent time to study the history of court cases that happened within the United states of america throughout the Nineteen seventies. For individuals who actually have, they very soon recognise that when they examine the Ambit Energy business opportunity, they very soon observe that they’re not only an authorized and legit enterprise but in addition have an business offering that has serious worth inside the home business marketplace.

Ambit Energy deals purely in america, employs a workforce of 1300 staff, and has got annual gross income of 1.5 billion because of servicing over 1.1 million homes. Simply to supply you with an understanding of exactly where Ambit Energy is with regards to other energy businesses, there are only 9, out of 100s of retail energy service providers throughout the USA, that have more than a million customers. There’s nevertheless a huge potential for business growth because Ambit Energy does not do business from every State and in addition they have not attained a saturation point in any State that they do operate in.

The product or service which Ambit Energy provides is electricity and natural gas services which happen to be commodity products. When you supply a product that is actually exactly like what is available from the alternative power companies then the only way to compete is chiefly based on selling price. Ambit Energy boasts that they are a lot more efficient owing to greater Information technology than their competing firms. As long as they can manage to continue to have the edge on their competing firms by way of greater efficiency and therefore better price levels they’ll keep growing their level of business.

The compensation plan which Ambit Energy has, supplies 3 means to make money. You may make money via the following: Getting direct customers Earn money from enlisting team members as well as educating them to do exactly the same. Earn money when your team members join up customers Earn a once a month recurring income whenever the folks that you actually sign up settle their bills. Get money any time you increase your business Can also make yourself free energy Loyalty rewards system

To get started there is a once only fee of $429.00 without having any future renewal fee. In contras to various other Multi level marketing opportunities it’s not necessary to buy or even keep stock and therefore no related difficulties. Simply by attaining higher and higher leadership positions within Ambit Energy this will result in you getting rising levels of bonuses.

When I took a closer look at just what real distributors have to say about being with the business opportunity for a long time, it’s not usual to find so many people with so many good things to share, through people who are making money at every levels. The decision is easy – the home business opportunity which Ambit Energy offers is NOT a scam.In view of this specific info it’s probably best to not refer to this as an ‘Ambit Energy Scam’.

If you’re just about to become involved in the Ambit Energy business opportunity you’ll be best using your energy and time not thinking of whether or not this home business opportunity is actually a scam, and instead you’d benefit significantly through learning the critical techniques that will be necessary to move your Ambit Energy business quickly to the next level and also sign up your first Ambit Energy team members.

The biggest issue for Ambit Energy distributors is getting prospects – this can be solved

How to increase your earnings with Ambit Energy – The True Secret of Success – See the web links in the paragraph down below…

To get more infomation than you’ve got inside this ‘Ambit Energy Scam?’ write-up and get the insider secrets that the top earners just don’t inform you of click the following link How To Get Leads and Generate a Ambit Energy Downline Fast

Supporting Sap Business One If Your Implementation Failed – What To Do Next

This small article is written with the international focus. SAP B1 was initially targeted to small businesses, however its reasonably rich Corporate ERP functionality dictates mid-market user license cost (especially for SB1 professional user, where license is close to k$3 in USA). There is large number of Certified SAP BO consultants on the Corporate ERP consulting market, however in our opinion SAP B1 requires closer attention to such technologies as Crystal Report, SB1 SDK (Microsoft Visual Studio ecommerce programming in C# and VB.Net), SAP Business One Data Transfer Workbench (where you do initial SB1 data conversion from your legacy system, such as MYOB, Peach Tree, Quick Books, Accpac, Great Plains Accounting for DOS, Windows and Macintosh). We do not pretend to be ultimate authority for SAP Business One implementation recovery, however we did the service for numerous companies in the USA, Canada, Brazil, Russia, China. OK, below is our article:

1.Corporate ERP localization dilemma. Typically your problems are related to language translation and the compliance to the local country tax and corporate reporting legislation. SB1 is localized and certified in most of the Globe (probably excluding Arabic alphabet countries). SAP Business One supports Unicode (Chinese, Japanese, Korean). SAP certifies its SB1 application with local tax and government authorities in the countries, where SAP Business One is localized. New SAP Business One version 8.8 is now available on the same flavor for all the countries (while 2007 and 2005 versions were available in A and B flavors, and you had to implement them on different SQL Servers with different code page and language collation). For SB1 8.8 you can deploy SAP Business One system for all your international companies, where SB1 is localized: China, Russia, Korea, Japan, Thailand, Brazil, India, France, UK, etc.

2.SAP B1 implementation recovery service. We saw numerous implementation screw-ups when your company requires challenging technology integrations: ecommerce, barcode scanning and integration, EDI, customizations, Crystal Reporting, deep data conversions from your legacy accounting package to SAP B1. And you have to be tolerant to the consulting industry practices: your generic certified SAP Business One consultant should be good in Corporate ERP presentation, user licenses sale, CPA type of the implementation with reasonable onsite user training, simple initial data conversion (via SB1 Data Transfer Workbench, where you should help your consultant to prepare CSV files, based on DTW CSV templates)

3.SAP Business One Data Conversion Puzzle. Typically here you have the problem with your current SAP Business One Reseller, who has no experience in industry specific data massage and migration from your legacy accounting or Corporate ERP to SAP Business One

4.Do I have to switch out to another SB1 Partner? Yes, this is what you have to do or what is sort of recommended. Your SAP B1 Partner has access to your company record in SAP Portal and it allows your chosen partner to broke for your and sell you new software licenses

5.How to get help? Please, call us 1-630-961-5918, in USA or Canada: 1-866-528-0577, or email us: