managing personal finances

Last week, VentureBeat reported that Tesla Motors CEO Elon Musk personally running low on cash, a fact he disclosed in court papers as part of his divorce proceedings. We asked if the company, which is seeking to go public, should have included those facts in its filings with the Securities & Exchange Commission. Now, the company has responded, by way of a revised S-1 form filed today.

In an article crediting VentureBeat’s reporting with prompting the newly amended filing, the Wall Street Journal points to language added to address Musk’s finances:

“While Mr. Musk has historically provided a significant amount of the funds required for our operations, we have not received any funding from Mr. Musk in the past 12 months and are no longer dependent on the financial resources of Mr. Musk to fund our expected growth given the funds available under DOE Loan Facility [the $465 million in low-interest loan provided via the Advanced Technology Vehicle Manufacturing program] and the expected proceeds of this offering and the concurrent private placement with Toyota. We do not believe that Mr. Musk’s personal financial situation has any impact on us.”

In that same section, the S-1 delves into Musk’s divorce proceedings, which, as we have previously reported, could potentially reduce his holdings in Tesla as well as his other ventures, SpaceX and SolarCity:

“Mr. Musk is currently engaged in divorce proceedings and previously entered into a post-nuptial agreement which provides that the holdings of the trust, including Mr. Musk’s shares of our capital stock, shall remain solely his property. This post-nuptial agreement has been upheld by the Superior Court of Los Angeles though such decision may be subject to an appeal. However, we do not believe that Mr. Musk would have to liquidate a significant percentage of his holdings in order to satisfy any settlement reached in connection with such proceedings.”

The company’s “we do not believe” statement might not be a strong enough assurance for shareholders. Right now, Tesla’s success appears to hinge on the $465 million loan it received from the U.S Department of Energy. Drawing down that loan is how the company plans to buy the NUMMI automotive plant in Fremont, Calif., needed to manufacture both its Model S sedan and future vehicles it may build in tandem with Toyota, one of the plant’s current owners. But this loan is dependent on Musk being able to retain at least 65 percent of his current stake in Tesla. If he doesn’t, the company defaults on the loan.

“If the DOE loan is dependent on Musk retaining a certain percentage of Tesla, there is no guarantee that this won’t happen due to the divorce settlement,” says Dallas Kachan, managing partner of cleantech consultancy Kachan & Co. “Investors should bear that in mind.”

This is the type of information that could impact potential shareholders’ decisionmaking, Kachan says. And this type of personal disclosure isn’t all that uncommon in SEC filings, when potentially relevant to shareholders.

What may concern shareholders more than whether Musk can continue to personally keep Tesla afloat is that he is currently actively running two companies, Tesla and SpaceX, while also remaining involved in SolarCity, dealing with a personal cash crunch and navigating a rocky divorce. That’s a lot to be juggling at any one time.

Incidentally, the S-1 notes that under Tesla’s agreement with Daimler, a major Tesla investor and partner, if Musk decides to step down from his post at Tesla — an event that seems unlikely for now, then Daimler will have veto power over the company’s selection of a successor as Tesla CEO.

Tesla Motors couldn’t comment directly on its decisions to update its filings, due to SEC rules for companies planning an initial public offering. In the meantime, however, it’s to the company’s credit that it decided to clarify all of these issues in writing.

Next Story: Facebook promotes Bret Taylor to CTO less than a year after FriendFeed acquisition Previous Story: Swingvine launches location-enabled photo app

One of the big bits of gossip at Bristol between certain British comics professionals was the fate of Insomnia Productions. British independent graphic novel publisher, with books like Cancertown and Burke & Hare on their roster, they’ve been expanding of late. And naturally have been exhibiting at Bristol Comic Expo.

But something happened this weekend. What no one seems to be exactly sure. But harsh words were meant to have been exchanged. Certain people didn’t show up when they were meant to and neither did certainb books. To the extent that people believe the company may be breaking up, or parts sold off. Lots of huddled conversations and behind back briefings, some people feared the worst.

When approached, Crawford Courtts, one of the co-founders and Managing Director of Insomnia Productions replied;

Hi Rich,

Thanks for your email.

When we first started, our ambition was to change how the industry worked and the time has come for us to change again to move away from possible threats and make the most of new opportunities. In particular, we’ve been attempting to adapt to the growth of digital content for example the expansion of our range on the Digital Comics service on the Sony PSP.

As you know all companies have their internal debates but unfortunately, in this case, one of our team made this public and they will be held accountable for their actions.

Yes, we have different visions for the future of the company, but we are moving forward and we will continue to do so.

In particular we are looking forward to the release of Burke and Hare the Movie later in the year, which will no doubt increase the companies exposure and further the case of Graphic Novels as a Medium rather than just a Genre.

The historically accurate theme of the novel and the movie we believe will truly show the strengths and opportunites of graphic novels and hopefully broaden their appeal to a wider market.

I’m told that Creative Director Nic Wilkinson, who had recently moved into the marketing side of the company, will be stepping down for unrelated personal reasons, And while there were some issues getting stock and attendance arranged for this year’s convention, that the publisher is not for the chop, the vultures can stop circling and planned projects will continue.

We’ll be looking to the letterhead for any changes though…

robert shumake

MABUHAY ALLIANCE HOST THE 6TH ANNUAL ECONOMIC DEVELOPMENT CONFERENCE by mabuhayalliance




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1 internet marketing

Are you looking to understand how to be effective with Internet marketing? Do you feel like you’re using the tools, you’ve joined the conversation, but you’re still not sure what it’s getting you? Have you seen people doing scammy marketing that makes your skin crawl, or ineffective “let’s all just hug it out” marketing that makes you wonder how anyone’s going to eat? We’ve created a third alternative with Third Tribe Marketing. (not an affiliate link, but I’m co-founder)

When I say “we,” Third Tribe was founded by Brian Clark of Copyblogger, Darren Rowse of Problogger, Sonia Simone of Remarkable Communications, and me (Chris Brogan). We did it to provide the most effective Internet marketing information we knew, not just from us, but from people we think exemplify the Third Tribe mindset (not too spammy, not too soft).

Plenty of Useful Content

Most people who join come for the useful seminar content, with transcripts and other materials. That’s cool. There are some great interviews in there, and in each, you get an understanding that goes beyond any canned speech. We get in deep and dig. We look to bring out the best possible solutions for you and your business.

The Best Part is the Forums

Frankly, I’m all about the forums. We do website reviews, content tuning, email marketing advice, landing page information, SEO conversations, new venture ideas, and all kinds of interaction. There are hundreds of threads and all kinds of information being shared around inside the forums, by all kinds of experienced professionals with lots of execution-minded advice. If you’ve already joined, but stopped logging in after you consumed the great content, you’re missing the best part: the forums.

Who Should Join Third Tribe?

The folks who seem to be getting the most out of Third Tribe are people who are either running a smaller business or are working on the execution level at a medium- or larger-sized business. If you’re CMO of a bigger company, this might not be the place. But if you run a mom & pop store, or if you’re someone who has a website about franchising or pilates or soap, for instance, then Third Tribe is for you.

Get In Before The Price Changes

If you’re a member of Third Tribe Marketing already, your price will stay the same. But if you’re still deciding whether or not this is worth it for you to join, you can join for $47 USD for the next little while. After June 1st, 2010, the price goes up to $97 a month for new subscribers. As the value of the content behind the wall has grown over the last several months, we’re still priced within what’s typical for quality online content communities and forums, but hey: if you could pay $47 instead of $97, wouldn’t that make more sense?

**TO BE CLEAR: if you get in at $47/month, that’s your price, no matter what it goes up to for new joiners. YOU are locked in.

And you can cancel whenever. It’s okay. Sometimes, you need to dip in, get some information, and then go off to do your own things. We understand. But if you haven’t joined, I’d recommend popping in now at the $47 rate, instead of waiting and getting in at the $97 rate.

I Hope You Consider Joining

What I’m loving about the experience is that it feels like I’m at a nonstop conference. I get ideas every day that are helpful to my new business projects. I also like that everyone’s so supportive and willing to give a little time to each other’s projects, to lend a few ideas, and sometimes, just to validate that we’re on the right path. I’m proud of all we’ve accomplished, and am thrilled with all the testimonials we see both inside and outside of the site.

If you need to work on effective Internet marketing, I think Third Tribe Marketing is a great resource.

Noa Gafni is a social media consultant with a focus on women and Gen Y. She authors Webutantes, a blog about Internet trends impacting women.

Location-based services (LBS) on mobile phones are engaging a growing market — one that is expected to generate revenues of over $12.7 billion by 2014. With a significant percentage of moms using smartphones, location services offer a rare opportunity to interact with moms while they’re on the go.

Below are some innovative ways that companies are applying location-based technologies to target moms.

1. Discounts and Coupons

Discounts for “checkins” reward users for their brand loyalty. Women have shown a particular interest in mobile coupons, with more than two-thirds expressing their interest in getting coupons on their mobile device. In another study, 88% of female InternetInternet users said they would like to see more targeted offers from trusted brands. Discounts are a common incentive for moms to use location-based services. “I don’t care about being “mayor” of a location unless that means I will get a special offer from the business in return,” says blogger and Nielsen Power Mom Beth Blecherman.

However, privacy is a concern raised by many moms. “Location-based services are like two sides to a coin … they humanize and personalize, and conversely … they dehumanize and quantify us as data points. It can be hard to balance,” says Ciaran Blumenfeld, founder of Momfluential.

The balance seems to be in letting moms determine who can see their checkins. “It would also be great to allow people to check in ‘privately’ … so the store knows who checked in but it does not display to the whole world. I would probably use the location based services for everyday shopping more if I could choose when I only want the business to know I am checking in or make that public,” says Blecherman.

2. Utility Applications

Utility applications provide information and tools that make life easier for moms when they’re on the go. Applications such as YelpYelp, Qype, and AroundMeAroundMe offer information about nearby restaurants and places to shop.

Sit or Squat enables users to locate nearby public restrooms and rates each one on a five-star scale based on whether or not they are a “sit” or a “squat.” Many of the restrooms include photos and information about special features, such as changing tables and handicap accessibility.

Rocket Taxi is an iPhone app that locates a user via GPS or Wi-Fi and finds nearby taxi companies. Users can select a company based on their rating, bookmark their favorite cab companies, and get an estimate of how much their fare will cost. These applications provide information for moms when they need it, and “locations make all of these interactions more relevant,” says Kate Imbach, VP of Marketing for Skyhook Wireless.

3. On-the-Go Sharing

Checkins enable users to fold the location-based element into a larger story, generally through photos, notes, and other social features. These applications appeal to many moms because they provide a context for checkins.

One application, Whrrl, enables users to add photos and notes to their checkins, as well as tag friends, who can also add their photos. “I am a fan of Whrrl in particular because it goes beyond the checkin and allows users to tell their story and recommend experiences to other users. Furthermore the stories I create are a visual history of my life and an easy way to make and share meaningful albums with friends and family. I can even post them on my blog. All of this makes it worth my while, and worth sharing my data” says Blumenfeld.

Babymate, an application that helps parents keep track of their babies’ development, is incorporating location-based elements into their existing application. Babymate is currently adding the ability to favorite locations, and incorporate that information into events, measurements and milestones. Users can integrate that information with images and articles

According to Babymate’s developer Mariano Capezzani, “The idea behind integrating Babymate with a location-based framework is to make the experience of using the app even more relevant and useful for users. For example, a mom whose baby has just been given the BCG vaccine will be able to comment on how her baby reacted and good a job the clinic did. Another mom can share with the community the date when her baby started walking and what tips she found were useful to help him in the process. The community can share with each other and follow any activity, place, class, show, product and tip they find interesting, right through the app.”

Looking Ahead

Whether they provide discounts, utility, or on-the-go storytelling, successful applications are those that use location-based information to add value. As location-based services become more mainstream, developers will create even more innovative applications that appeal to moms. Marketers should look to location-based tools as a unique opportunity to add value and engage with moms while they are on the go.


For more mobile coverage, follow Mashable Mobile on TwitterTwitter or become a fan on FacebookFacebook

More parenting and family resources from Mashable:

– Social Media Parenting: Raising the Digital Generation
– 12 Fantastic Facebook Fan Pages for Parents
– 20 Fantastic Free iPhone Apps for Parents
– HOW TO: Prevent and Report Online Stalking

Image courtesy of iStockphotoiStockphoto, AnthonyRosenberg

robert shumake robert shumake robert shumake

Internet marketing

Internet marketing is by far the best growing marketing technique for all corporations in this day and age. The online Internet marketing company dealing with internet marketing solutions have to keep themselves updated daily to keep up with the rivalry and the rapidity set by new goods being commence. With your company being concerned in online internet marketing promotions you will have seen the plunder of successful internet marketing seo strategy and the income gained by little work once the promotion has been finalized and commenced.

Internet search engine marketing can be difficult due to the lot of alternatives accessible when dealing with online internet marketing media solutions. Through my knowledge in dealing with Internet marketing I have draw round below a little tips for the inexpert of advertising your business online. I have reserved the layout as easy as likely so new businesses advertising their business online can clutch the eventual Internet marketing solution.

Internet Marketing selections

There are so many online internet marketing service provider companies advertising on the internet, moving out online marketing solutions that it is tricky to choose which internet marketing company to faith to do your search engine marketing. Your promotion budget needs to last all through the year so you want an Internet marketing company that presents small early investment for your online internet marketing promotion so you can use the incentive of the internet marketing promotion to pay for more internet marketing. If the online Internet marketing company supposes that their internet marketing strategy is a good one this should not be a problem for you to assemble. All Internet marketing agencies that want you to put large sums of cash upfront earlier than they start to promote your business online I would advocate you stay away from them.

If they want a little deposit upfront and still offer no work for your company website in return, still be fatigued. Should the internet marketing company want a small deposit before you launch your internet marketing campaign but are willing to do more work for your company website that makes the little deposit a commendable asset then you are on the correct way. For more about online internet marketing seo service log on to www.internetmarketingseo.co.in




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Making Money Off Youtube

[Every Friday, Mark Coddington sums up the week’s top stories about the future of news and the debates that grew up around them. —Josh]

Google’s attempt to save the news: There weren’t a whole lot of newsy events around journalism to report this week, so we’ll start off with the most significant think piece: James Fallows’ opus in The Atlantic on Google’s efforts to come to the news industry’s aid.

Fallows, a veteran journalist and media critic, spent the last year talking to Google engineers and execs about their relationship with the news media, and he came out remarkably optimistic. In a 9,000-word piece, Fallows examines the news industry’s struggles from Google’s perspective, outlines their principles for a way forward — distribution, engagement, and monetization — and briefly highlights five of their recent news-oriented projects: Living Stories, Fast Flip, YouTube Direct, online display ads and paid-content logistics. He concludes by noting a few of Google’s paradoxical stances, which he calls “major and encouraging developments” for the news business:

The organization that dominates the online-advertising world says that much more online-ad money can be flowing to news organizations. The company whose standard price to consumers is zero says that subscribers can and will pay for news. The name that has symbolized disruption of established media says it sees direct self-interest in helping the struggling journalism business.

Reaction on the piece for future-of-journalism folks ran the gamut, from “absolute must-read” endorsements to groans at the article’s years-old concepts. And in a way, both sides are right: To those closely following the journalism-in-tradition scene, there’s really no news in this piece. The Google officials’ perspectives on why the news is broken and what needs to be done about it are familiar enough to have become conventional wisdom among people thinking about journalism and technology. (Fallows even acknowledges this in a few spots.) But at the same time, Fallows summarizes that relatively new conventional wisdom in a comprehensive, readable way, making the piece a brilliant primer on where the news on the web stands right now. For the insider, this is ho-hum stuff; for everyone else, this is an ideal introduction to the subject.

Journalism prof and digital media expert Jeff Jarvis, who’s written his own book on Google, is in the ‘must-read’ camp, citing Fallows’ impressions as evidence that Google is a friend to the news business. Jason Fry and All Things Digital’s Peter Kafka are more skeptical, questioning Google’s ability to actually turn the industry around.

Fry notes that publishers are unorganized and tentative, making industry-wide solutions difficult to implement, and Kafka says that even with Google’s help, online ads aren’t likely to be valuable enough to support substantive newsgathering. The Awl’s Choire Sicha makes a similar point, while using Google’s statistics to point out the folly of news organizations’ editorial cuts over the past few years.

Mediocre reviews for iPad apps: It’s been a month and a half now since the iPad was released, and we’re starting to get beyond the “first impressions” phase of the reviews of news organizations’ iPad apps. News business guru Alan Mutter combed through the reviews and ratings at Apple’s app store to evaluate the 10 most popular news apps, and found that apps by European outlets and broadcasters are most well-liked, and pay apps aren’t too popular.

If you want to succeed on the iPad, he said, you have to go beyond the look and feel of your legacy product and offer some more value, especially if you’re going to charge: “Consumers are smart enough to tell when a publisher slaps a premium price on recycled print or web content – and they won’t go for it.”

Usability expert Jakob Nielsen took a more thorough look at iPad apps, releasing a 93-page report on a few dozen apps from media companies and elsewhere. His summary is pretty illuminating: He found that designers have tried to outdo themselves with clever interaction techniques, leading to a whole lot of confusion about how to navigate apps. (New York Times designer Alexis Lloyd disagreed with Nielsen’s emphasis on simplicity, arguing that experimentation is more important right now.) Nielsen also concluded, like Mutter, that designers are relying too much on a print-based concept revolving around the “next article” idea, which he argued doesn’t make sense on mobile media.

After fiddling around with the iPad for a few weeks, the Lab’s Jason Fry discovered that the iPad’s killer app may not be its apps at all, but instead its lightning-fast, easy-to-use browser. That might put news orgs in an awkward spot, Fry wrote, after hanging their hats on apps: They still can’t compete with their own (free) websites on the iPad.

Dissecting Newsweek’s downfall: Commentary continued to roll in on last week’s news that The Washington Post Co. will try to sell Newsweek, starting with a column by Newsweek’s editor, Jon Meacham. He defended the magazine against its doomsayers, pointed out that it hasn’t closed and arguing that if the economic climate were better, it would be profitable.

He also made a case for Newsweek’s continued existence, saying it “means something to the country” and represents an opportunity to bring a large number of otherwise fragmented Americans together to focus on common topics. The magazine’s task now, he wrote, was to find a business model to sustain that role. (Journalism prof Jay Rosen was not impressed.)

Others continued to chime in with their opinions about why Newsweek failed: Blogging pioneer Dave Winer said it was a lack of innovation stemming from a corporate mindset, and Harvard Business Review writer (and former Newsweek staffer) Dan McGinn said the demise of U.S. News & World Report as a rival hurt, too.

Forbes’ Trevor Butterworth and blogger Greg Satell both hit on a different idea: There was no there there. Butterworth made a striking comparison of the amount of content in an issue of Newsweek and the Economist, and Satell compared Newsweek with Foreign Affairs and the Atlantic, two magazines whose upscale readership Meacham has coveted. “The notion that offering a magazine consisting mainly of one-page opinion pieces would attract a better quality audience than reporting flies in the face of any apparent media reality,” Satell wrote.

Meanwhile, the discussion of possible buyers began to build. Yahoo’s Michael Calderone shot down media moguls Rupert Murdoch, Philip Anschutz and Carlos Slim Helu as options and raised the possibility of a bid by Michael Bloomberg. A few days later, The New York Observer revealed that Thomson Reuters and Politico owner Allbritton Communications were interested, and The Wall Street Journal reported that Univision owner and billionaire investor Haim Saban is interested, too.

Facebook privacy fury builds: An update on the ongoing consternation over Facebook’s latest privacy breach: IBM developer Matt McKeon and The New York Times’ Guilbert Gates provided striking visual depictions of Facebook’s advances against privacy and the hoops its users have to jump through to maintain it. Facebook (sort of) answered users’ privacy questions at The New York Times and held an internal meeting about privacy Thursday.

But the cries about privacy violations continue unabated. GigaOm’s Liz Gannes said Facebook’s Times Q&A wasn’t sufficiently conciliatory, and All Facebook called for Instant Personalization to become opt-in, rather than opt-out. Others went further, quitting Facebook and calling for an open alternative. Four NYU students were happy to oblige them, becoming almost literally an overnight sensation and raising $100,000 this week for a decentralized Facebook alternative called Diaspora* on the back of a New York Times profile and plenty of tech-blog hype.

Jeff Jarvis offered a smart analysis of why Facebook is rubbing so many people the wrong way: It’s confusing the public sphere (the type of public we usually think of when we think of the word “public”) with the “publics” we create for ourselves when we build networks of our friends and family on Facebook.

Jarvis explains the difference well: “When I blog something, I am publishing it to the world for anyone and everyone to see: the more the better, is the assumption. But when I put something on Facebook my assumption had been that I was sharing it just with the public I created and control there. That public is private.

Reading roundup: A few quick hits on pieces you should make sure to catch this week:

— This week’s New York Times Magazine takes a good, long look at some of the ways new online initiatives like True/Slant and Demand Media are trying to piece together a new business model for information and journalism after the web blew the old one up.

— The Wall Street Journal is one of the first newspapers to try to do some significant location-based news innovation with Foursquare, and the Lab’s Megan Garber has a good overview of what they have going.

— The Huffington Post turned five this week, and The Columbia Journalism Review put together five reflections on its impact to mark the occasion. CJR also published a lengthy examination of the state of nonprofit investigative journalism, focusing on California Watch and The Center for Public Integrity.

— Columbia professor Michael Schudson, who co-authored a major study of the state of journalism published last fall, talked some more about several aspects of “the new news ecosystem” in a Q&A with The Common Review.

— Finally, a piece I missed last week: Longtime Salon writer Scott Rosenberg gave a speech at a Stanford conference that thoughtfully delineates a 21st-century definition of journalism. Here’s the one-sentence version: “You’re doing journalism when you’re delivering an accurate and timely account of some event to some public.”

For years Google has kept the splits it gives its AdSense publishers those using Google search services on their sites. It has successfully avoided this revelation but some recent pressure from Italy has created the environment where Google pretty much has to give the info in order to help its cause.

The Wall Street Journal reports:

Google Inc. revealed how it splits advertising revenue with search and content publishers, a move made in response to calls from publishers and regulators for greater transparency.

The Internet company said in a blog post Monday that it pays publishers 68% of the revenue Google collects from advertisers for content ads that appear on the publishers’ sites. Google said it pays publishers 51% of revenue for search ads.

Every day Internet companies look more and more like traditional companies as they are forced to reveal things that were OK to keep secret because, well, that’s the Internet. Those days are long gone especially for a company the makes the amount of money and has the level of influence that Google does. It looks like people just don’t trust that Google’s ‘Do No Evil’ mantra is being applied. Ahhh, the price of history-making levels of success, right?

It looks like Google is trying to come off as more transparent and real. Good luck. Once you have gotten to Google’s size and made some of the mistakes it has made regarding privacy and other important consumer related issues, it’s probably too late to come of as appearing genuine. In this case, while Google claims the timing was right it’s really just a matter of them being pushed far enough into a corner that they had to respond to get out of it.

Some other information about AdSense and more.

The company said revenue sharing for its AdSense service hasn’t changed since it was introduced in 2003, while the company’s search-ad revenue sharing has been the same since 2005.

The company’s world-wide revenue splits were largely in line with widely circulated estimates and more generous than the 60% cut that Apple Inc. will provide to developers who use the company’s upcoming iAd mobile-ad service.

Google didn’t reveal its revenue-sharing split for YouTube because that program recently started and its terms aren’t considered stable yet.

In all honesty, I am not too sure why any company needs to reveal this kind of information. Just because everyone else has is never a very good reason to do something. As Google gets more and more flak this will probably happen in other mysterious areas of the company as well. Who knows?

Actually do we really care?

Social Media Monitoring in Just 60-Seconds. Guaranteed!

Mike Fuljenz flies high Mike Fuljenz knows his stuff

Marilyn Manson -2- by Ben Heine

Ed Henry: Give Fox <b>News</b> Helen Thomas's Seat In White House <b>…</b>

At least one competitor is backing Fox News for the newly vacated front-row seat in the White House briefing room: CNN Senior White House Correspondent Ed Henry. Henry, who is on the White House Correspondents Association board, …

Reuters, <b>News</b> Corp. And Other Mainstream Media Blow It Again <b>…</b>

Reuters, News Corp., The Washington Post and The San Fransico Chronicle all ignored emails from the tipster, an “Internet activist” known as “Weev,” according to Taylor Buley of Forbes: “i disclosed this to other press organizations …

Stocks in the <b>News</b>: BP, Goldman Sachs, AT&amp;T – DailyFinance

BP is always in the news as of late. They will go bankrupts within 2 months. Everyday, we are asked to give to save our “economy”. But was that you or I that was helped? The media wants you to think so. But in actuality, it was the top …




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personal finance budgeting

Last week, we took a look at Mint's new app for Android, which lets users track their finances and budget on their mobile device in a safe, read-only app. Mint.com was acquired by Intuit Software in late 2009, meshing the free, Web-based personal finance service with Intuit's portfolio of financial, accounting, and budgeting services.

Today, Intuit announced it is expanding further into online healthcare services with its acquisition of North Carolina company Medfusion for an estimated $91 million in cash.

Intuit first debuted the Quicken Medical Expense Tracker in 2005; and in mid-2007, the company officially launched Quicken Health, an online tool for CIGNA Healthcare members. Before ending his eight year stint as CEO of Intuit in late 2007, Steve Bennet told the New York Times that the company was looking to branch out from its Small Business and Consumer Tax businesses into two new areas, one of which was likely healthcare.

This is Intuit's first major healthcare acquisition.

Medfusion offers systems that let healthcare institutions communicate directly and discreetly with patients, and lets patients schedule appointments, pay bills, request prescription refills, complete medical forms, review lab results and clinical summaries, and receive reminders for all of the above.

Ultimately, all of these solutions will be built into Quicken Health, and Stephen Malik, Medfusion's founder and CEO will become a senior vice president and general manager and will lead Intuit's healthcare business.

This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the adviser for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks.

Once a month, a small group of folks at The Motley Fool gather to discuss money-saving ideas and exchange tips and tricks. Last fall, we members of the Personal Finance Club (as we boringly call ourselves) were discussing a New York Times article by Ron Lieber about the benefits of taking a “financial health day” — staying home from work or away from family in order to get important stuff done. Last November, I wrote about my experience spending three days alone in a hotel with my to-do piles.

The Motley Fool has an annual health fair, during which employees are poked, weighed, tested, and otherwise encouraged to eat better and move more. The PF Club thought, if the company is willing to sponsor a health fair, perhaps an in-house financial health day would be possible. We pitched it to some higher-ups, and — lo and beheld — they fell for it. The event took place last Friday, and was a big success.

Our financial health day had several key components:

  • Classes. Fools attended presentations on estate planning, budgeting, insurance planning, home buying, saving for college, managing financial paperwork, negotiating for lower bills, the company’s 401(k), and how to be a cheapskate. Some classes were taught by fellow Fools, others were taught by experts we invited for the day, including local radio show host and estate planner Wayne Zell and several financial planners from the Garrett Planning Network.
  • Experts. When the experts weren’t teaching classes, they sat at tables in the office rotunda (which we called the “dough-tunda” for the day), answering employees’ individual questions. The human resources team performed benefits audits to ensure employees were taking full advantage of what’s offered. Several benefits providers, including our 401(k) administrator (BB&T), also set up booths and answered questions.
  • Suggestions. To give folks ideas about what to work on, we created a Financial Health Day checklist.
  • Spouses/partners/paramours. We encouraged employees to invite those with whom they’re mingling their money. All other mingling wasn’t any of our business.
  • Time. Employees used company time to take care of personal business. The list of tackled tasks includes employees who consolidated retirement accounts, completed advance medical directives, and used the company shredder to destroy old account statements.
  • Bribes. While we’re pretty sure our colleagues would’ve taken full advantage of the day anyhow, we set up free food near the “dough-tunda” (bagels in the morning, tacos for lunch) to encourage people to swing by. We also gave out tickets to employees who attended classes, asked experts questions, and accomplished financial tasks. The tickets could then be used in raffles for various prizes, ranging from a whoopee cushion to three hours with a personal organization expert. It didn’t cost too much, and lent some festivity to a day of not-always-thrilling tasks.

Would your boss do this?
I can hear many of you saying, “That’s just swell for you, but this would never happen at my office.” (Yes, my ears are that good.) Well, I concede that a company like The Motley Fool is more disposed to doing this type of thing than most others. And you certainly know more about your workplace than I do. (My ears aren’t that good.) But I will offer these thoughts:

  • It likely won’t hurt to ask, especially if you can get some colleagues on board beforehand. If anyone in your company needs more information or convincing, feel free to suggest they e-mail me.
  • If you can’t have a full-fledged financial health day in your office, perhaps you can start your own Personal Finance Club (and come up with a better name). A few years ago, we published an article by Motley Fool reader Glen Kenney, who — along with several colleagues — formed a group to learn about retirement planning. They met regularly, and invited experts to speak to the group.
  • You likely have colleagues with little-known financial talents, which could be incorporated into your event or club. The cheapskate class was taught by an editor who also has a couponing blog. Our chief financial officer taught a class on negotiating with cable, credit card, and wireless service companies to get more for less (explaining how he got a soccer package and a few movie channels for virtually nothing from his cable service provider).

If all else fails, you can still have your own financial health day, keeping in mind how much employment-related benefits play a part in our financial well-being.

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Brad Friedman and Desi Doyen: Green <b>News</b> Report — April 22, 2010 <b>…</b>

TWITTER: @GreenNewsReportThe 'GNR' is also now available on your cell phone via Stitcher Radio's mobile app! IN TODAY'S RADIO REPORT: Oil rigs exploding; Volcanoes erupting; Senate Climate Legislation coming — soon …

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See the anchors who have gone head-to-head in feisty TV brawls.

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Here's a helpful piece of advice for Kmart and Sears Holding Company as a whole: if you're going to issue a coupon valid only for a few stores and post it on your Web site, don't put the words “valid at all stores” on it. See, there is this thing called the “internet,” which people like to use to share coupons and deals. Customers printed out what looked like a perfectly valid coupon from Kmart's site, then were treated like criminals and accused of fraud when they actually tried to use those coupons.

The coupon started its life as part of a “Kmart Renaissance” marketing e-mail blast to customers in the New York City, Chicago, and Baltimore metro areas. The coupon link was to a PDF file on Kmart's servers. Unfortunately, the coupon didn't actually say that it was restricted to these areas, and all heck broke loose when the PDF link hit deals sites.

Here are some customer stories: posted, appropriately enough, on the wall of Kmart's Facebook page.

you assholes my mom is 73 years old and got your email “reintroducing” her to kmart and she went through that email and printed her coupon off last night, took it into her store in Minnesota today and your son of a bitch “manager” told her to get out of his store or he was going to call the police on her, called her a… thief and a fraud. you can be sure that first thing monday morning I will be putting complaints into my attorney general, her attorney general, and your attorney general. I've already put in a complaint with the BBB and emailed media. this is bullshit.

oh and I'm guessing my mom got the email intended for your pet markets since she moved from new york city a month ago to minnesota.

I drove all the way to K-Mart intending to use this coupon because the coupon specifically stated it was valid for “all locations”. I did my shopping and had all my items rung up only for the cashier to tell me they will not accept this coupon so I let them void out the entire transaction and simply left. So basically …I wasted my time by making a trip to K-Mart not to mention wasting gas driving there. Was this a ploy to get customers into the store only to reject them? It almost sounds like a case of “bait and switch” to me. I hope a class action lawsuit is started over this. I have always been a loyal K-Mart customer but maybe it’s time to start shopping at Target or Wal-Mart.

Kmart posted a statement on the situation on Facebook. Here was their take:

A coupon for $10 off a $20 purchase has had unauthorized circulation and we have had to stop accepting it at most stores. The coupons will still be honored in the intended stores in the New York, Baltimore and Chicago area. We regret any inconvenience this may cause our customers. Thank you for your continued patronage… and we do look forward to sharing other deals and offers with you in the future.

Sorry, Kmart, but you can't release a coupon on the Internet with no restrictions and not expect it to multiply infinitely. E-mail isn't like regular mail. If you can't deal with that, go back to printing great coupons on dead trees and distributing them through the mail and newspapers.

What, if anything, could Kmart do to redeem themselves after this mess?

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Ever since Owen Van Natta stepped down as CEO of MySpace last month, there has been a lot of speculation surrounding the future of the social networking site. Can it function with two co-presidents? Can it turn things around and restart its growth? Can it remake and re-imagine itself for today’s social web?

We know one thing: The company is building and implementing a new plan. As it focuses on becoming “pillars of broadcasting, discovery, self-expression, and making content a part of all those experiences,” it’s also looking to re-establish itself as a technology company that is ahead of the game in terms of innovation and talent.

To that end, MySpace is shifting its technical focus into smaller, more entrepreneurial teams and embracing a data-centric approach to building its platform and its organization. We had a chance to chat with MySpace CTO Alex Maghen about what to expect in the coming months.

Can MySpace Return to Tech Prominence?

In my first Social Analyst column, I argued that MySpace had become more of a content company than a technology company. After Facebook surpassed it as the world’s largest social network, the website floundered and the company slashed 30% of its staff.

It’s been a rough road since, but now the company’s finally trying to rebuild, starting with its technology and engineering talent. Mr. Maghen, the former CTO of MySpace Music before his promotion, told me that it wants to become a technology leader once again. To that end, MySpace is breaking the structure of the organization into smaller, more entrepreneurial teams that operate “with a higher degree of independence.” He believes that a single, unified product can and should come from multiple, smaller teams and technology platforms.

The goals Alex and the MySpace leadership have for its technology platform seem straightforward: to become more data-centric and to attract top-tier talent back to the social network. Here’s some more of what he told me:

“The focus is to put a new stress on bringing in the kind of developers that flourish in a startup environment and giving them a platform to work on that allows them to continue to develop with that kind of looser and more agile type of approach, with the tremendous scale we bring to the table.”

To that end, MySpace is looking to hire engineers with great knowledge of Internet development. More specifically, it’s looking for “hardcore data architects” and “experts in data development.”

If MySpace is to truly rebound, it has to be seen as a technology company as well as a content company. In order to do that, you need the kind of top-level talent that Facebook, Twitter and Google have. The company knows that it has been slower than its competitors, which is why the new overarching strategy for the technology group is “speed to market.”

As a proponent of the “Iterate Fast and Release Often” philosophy to engineering and entrepreneurship, I’m of the belief that the company’s new focus on speed and data is not only logical, but the best shot it has to returning to prominence. That’s not easy task, though, and the odds are stacked against MySpace.

It Starts at the Top

Today, MySpace is going to announce that it has hired Arvind Puri as its vice president of data platform to help lead MySpace’s new technology efforts. Mr. Puri was formerly the CTO of Buzznet/Buzzmedia, and before that worked on technology at the Los Angeles Times, Yahoo and Overture. He will be responsible for leading MySpace’s new data initiatives and helping transform that information into useful and actionable insights.

MySpace is also announcing a second hire: Tony Adam, who it snatched up from startup BillShrink to become its senior manager of online marketing. While at BillShrink, he was the director of search marketing.

Both will play a big role in the future of MySpace. The company is working on building a new artist website, a new movie experience, reputation badges, an overhauled user dashboard and even MySpace trending topics by summer 2010. If the company’s to succeed in launching all of these initiatives, it will have to be fast, agile and able to attract talent.

These changes are a step in the right direction, but it remains to be seen if they will stick and, if they do, whether or not it will result in a renaissance for MySpace.

These days an internet marketing strategy plays a vital part of small business marketing strategies (or any size business marketing strategies for that matter). Web site marketing is an important part of just about any business, small or large. You can't put up a beautiful (or any) web site and hope that people will just arrive. You have to let them know, IN EVERY POSSIBLE WAY, that your web site is there. This HAS to be part of any Internet marketing strategy you develop. This is actually a basic marketing principle. Customers are not going to look for you, you have to look for them. Promoting your web site on-line and building traffic is the subject of thousands of web sites, e-zines, books, courses and seminars. Using the web to promote your site, however, assumes that your customers are surfers. But there is a large percentage of our population that is not as savvy with the internet as we would like them to be. So, what about the large percentages of the population who are not? They will only find out about you through traditional marketing and public relations media. This is particularly true if you serve a fairly local market. Fortunately these are the easiest and cheapest prospects for you to reach off-line. Key Off-Line Internet Marketing Strategies Here are some of the ways to make your web site known (this list was taken directly from the Traffic Building Volume of Ken Evoy's brilliant book, Make Your Site Sell! 2002: • TV, print and other advertising • Stationary and business cards • Catalogs, fliers, billboards, blimps, etc. • Direct mail (prominently on every document) • Telemarketing (make it part of the script) • News releases to targeted media. The main principle, to which you can add all your imagination, is INTERNET MARKETING STRATEGY INCLUDES ANY AND ALL MEANS OF GETTING YOUR WEB SITE KNOWN AND VISITED BY TARGETED PROSPECTS. Unless you have a high budget, the TV, radio, classified ad route is not recommended but if you do run ads, be sure to mention your web site everywhere. Make it part of your Internet Marketing Strategy. Another guiding principle is that your off-line internet marketing activities should make it easy for your prospect to go straight to your web site. One of the best ways to market your website off-line is direct mail postcards. If your prospect sees your website on a billboard as she's driving home, she probably won't look you up when she gets to the office the next day. This is not the only medium that has problems like this. Newspapers are bulky, radio has to spell it out and like before most people are driving at the time. On the other hand, if your prospect is sitting at her computer and a post card comes in the mail announcing your web site, she can just turn around and type in your URL and she's at your web site. Now if someone is in the office reading a trade journal and comes across an article about you in the magazine, it's not difficult for him to copy your URL into his browser and pay your site a visit. I don’t mean to say that those other avenues won’t drive traffic to your site, but it will take numerous impressions and repetition to get them to remember your address. On the other hand, direct mail postcards are generally received at the home or office where a computer is present, and if received somewhere else they are small enough to keep with you until you can get to a computer. This way, your prospective customer will be able to take the take right over to their desk top computer, type in your address and go right to your site. Brilliant! I have seen the greatest success in off-line web site promotion with direct mail, and specifically direct mail postcards.

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Franchise Operations

Hey everyone, the MLB FE team here to bring you the first installment of the MLB 10: The Show blogs. For this entry, we’ll be talking about some of the details that have gone into the new 30-Player Franchise Mode.

One of our goals going into this year was to finally enable the ability to mimic your real-life counterpart rosters when in Franchise mode. In order to do so, we had to allow all 30 teams to be set for user control. Before we could even dive into that, we had to change up how profiles and options work.

In the past, we’ve allowed you to create a total of four profiles. With this new 30-Player control, we had to open the profile system up to accommodate the potential for a full 30 players. One of the biggest reasons was to have the ability to support up to 30 different option sets. So now you have the ability to create 30 different profiles, and assign any or all of them to your selected teams. If you want only one team to use a custom option set, assign a profile to only that team, and all other selected teams will use the Global options set.

After crossing the options hurdle, another area we needed to expand on was our player injury system. In order for you to have that true-to-life roster, we saw the need to allow you to manage your player injuries. We now support a system that allows you to select which players should be injured, choosing their injury type and injury duration. You can also choose to remove players from the disabled list at any point, ensuring your roster can be kept in sync with the actual club roster. In order to use this feature, you need to first set the Injuries option to manual.

During our design phase, we realized one important roster control aspect we desperately needed to add — Class-A rosters. This year you will now have a Class-A team roster to work with, giving you even more wiggle room when making roster decisions. The Class-A team cannot be taken in game, but you can use it as another 15 roster spots for your organization.

Once we finished addressing the tools vital for you to support your rosters, we looked at polish features. We came up with a new email system in Franchise mode to provide you with one convenient place to keep tabs on your organization needs. This email system will provide with you updates in a variety of areas, including day-to-day operations, roster related information, Minor League player updates, and league transactions. You will have the ability to cater your inbox by selecting which areas you want to be notified of, and which you don’t.

One last area expanded upon was the waiver system we implemented last year. We’ve added real-time waiver periods. Now when a player is placed on waivers, teams will have 48 hours to place a claim on the player. After the 48-hour period, the claiming team with the highest waiver priority is awarded the player. Teams are now able pass players through revocable trade waivers and, if he clears, can trade that player after the July 31st trade deadline. Also, when a player is designated for assignment, teams will now have 10 days to decide whether to release him, trade him, or if he clears waivers, assign him to the minor leagues. As was the case last year, we have a transaction handbook that you can visit at any point to familiarize yourself with all of the rules.

As you can see a lot of focus has been placed on providing you with all the tools necessary to keep your Franchise roster up-to-date with its real-life counterpart. These enhancements aren’t limited to only Franchise mode, and the same 30-player control can be found in Season mode.

- Aaron Luke and Kolbe Launchbaugh

College Pro Painters is a North American painting company founded and run by college students for the last 37 years. It was created in 1971 as a business plan of a college student, and has evolved over time into what it is today. This company since its very inception has been run and maintained by full-time college student managers, who on average each summer paint over 30,000 homes. It has been a franchise since its inception, as it allows the company to meet its mission. The mission being, “To provide exceptional management and leadership training to young entrepreneurs through real-world business experiences.” Today, College Pro Painters operates in 29 states and 7 Canadian provinces, and every year they recruit, select, and train franchise managers to deliver a quality service, run their own business, and keep the promises of the parent company.

This is a huge advantage to College Pro Painters as they are able to mold the highest quality of student they can find into someone who can effectively run their own painting business, and make a profit for everyone. The main thing they ask of their franchisees is to give their commitment to all aspects of the business and to maintain a core set of values. The values College Pro instills in all its managers are Deliver what you promise, Respect the individual, Have pride in what you do, To be open minded to possibilities, and Our core purpose is truly aspirational. However, this does lead to some difficulties as a company as in rare cases the wrong individual is chosen and this reflects badly on the company as a whole. In the end through all the training offered and help available along the way, as it is needed, some people are just cut out to manage or run an effective business.

Marketing plays a huge role in the aspect of franchising as it is the Franchisees responsibility, through College Pro's established marketing methods and their own intuition, to obtain leads and book jobs. A Franchisee, due to their marketing effort and College Pro's overall brand, can typically receive an average of 5-10 leads a week. These leads must then be estimated by the Franchisee, so the prospective customer can decide whether or not they want to have their exterior painting done by the company. The average success rate for a new franchisee is that they will obtain 15% success rate (booking rate) for all the estimates they do. So, this means leads are everything for a Franchisee, they more they get the more business they can run, as the more prospective customers they have and are competing for. The way the Franchisee obtains these leads is as follows. First of all a franchise will not be put in an area that doesn't have enough of College Pro's target market (homeowner with an annual income of $100,000.00 or more). Since Franchisees are assigned turfs (zip codes, cities, general areas) in which to operate in, there must be at least 10,000 people fitting into the companies target market in order for a Franchisee to even be assigned to the area. Once this happens the Franchisee is giving the tools to generate leads. One of College Pro's main tactics is the use of what they call cold calling or what is more commonly known as door-to-door marketing. The Franchisee receives as part of their business kit (supplied by Franchisor) hundreds of door hangers offering free estimates on exterior painting. These hangers have all the information a customer could possibly need to set up an estimate with the franchisee. By offering the free estimate this allows the managers to get a chance to sell the service and all that it offers, while providing the customer with a no-obligation cost of proposed work to be done.

As they say, “To have your home painted by College Pro Painters – to be a part of College Pro Painters – is to be exposed to a level of commitment, hard work, discipline, energy, and fun that exists in very few companies of any kind.” The franchise managers know this and sell this, as there are few contractors that really take the time out to get to know there customer and use this knowledge to give the highest level of satisfaction possible. This is how College Pro sells paint jobs, along with offering a competitive price, a 2-year warranty on all work done, $1,000,000 liability insurance for each job, workers compensation for all painters, their years of experience in painting houses, and the ability of homeowners to help struggling college students pay their bills. Another form of marketing is that once a job is being produced or as agreed upon with the customer (discount) before production starts, lawn signs are placed in the front of the home to show that College Pro is doing the work and to give contact information. These signs are left around as long as possible and can also be placed along medians of roadways (much like political lawn signs). Flyering of the area also occurs. Another form of advertising, which is optional for the Franchisee to participate in, is the direct mailing of the entire target market in a turf. Provided through the Franchisor for an additional cost, this is a great way a manager can obtain additional leads. Another method of marketing is the required participation of the Franchisee in a community service activity of painting a home for a family who can not afford such a thing.

This is used as an opportunity to train painters as well as get local media coverage and is done as early in the production season as possible. Also, the company uses it brand awareness and recognition among a customer base it has had for its 37 years of operation. This strong company image can only help the Franchisee. Payment for the Franchisee in marketing is as follows. The Franchisee is required to pay a marketing fee that ranges in $500.00 – $1,500.00(periodic charges) that is used to “defer the costs of producing the merchandising, advertising, and promotional campaigns conducted by College Pro.” In addition to this the Franchisee is also required to order a Franchisee Business Kit which contains the tools the Franchisee will be using in order to obtain leads (flyers, door hangers, lawn signs, lead tracking forms), conduct estimates(estimating guides and forms, proposal forms), and produce work (binders, painter applications, painter brochures, training guides). The cost of this is $800.00 and is paid in weekly installments. The cost incurred on marketing makes sense as the franchisees are provided with high quality methods/items that are able to be mass produced by the Franchisor. This lowers the cost of how much the Franchisee would pay for such services if the had to obtain these things alone. It also is of benefit to the Franchisor as it provides uniformity in its service. The Franchisee is not obligated to honor any nationally sponsored programs as the only direct marketing cost is guaranteed to be the one mentioned above.

In order to operate the business effectively and procure supplies, the Franchisor gives the Franchisee the means of obtaining materials. As mentioned before the Franchisee buys a business kit, he also buys access to an online software that provides information on all the Franchisees operations/financials/payroll/training videos/etc…, additionally the Franchisee must also purchase the following through the Franchisor; liability and workers compensation insurance coverage, telephone answering service (1% of Gross Sales with $975.00 minimum, the service runs the national 1-800 number featured on all advertisements and any other forms of contact directly with the company). In order to get paint supplies a $1,000.00 line of credit is established with College Pros certified paint supplier, Sherwin Williams Paint. The Franchisee is responsible for getting there own ladders and other necessary painting equipment, vehicle, and computer. The total estimated cost ($18,000.00, $6,000.00 paid directly to Franchisor) of equipment, goods, and services purchased represents 65%-80% of the Franchisees total purchases in the connection of the establishment of the business and approximately 15% of the total operating expenses. College Pro states, that “on behalf of its franchisees, College Pro seeks to negotiate favorable terms from its approved suppliers.”

In order to set up a franchise, the Franchisee must first go through a rigorous selection process and have multiple interviews. Once selected College Pro asks for your full commitment of available time, and does not charge any initial franchise fee. Furthermore, the Franchisee never pays for anything out of their pocket, as the Franchisee books a job they take a 15% deposit check and that is how the initial funds are obtained. So if a Franchisee booked a $15,000.00 job, they collect $2,250.00 in the form of a deposit. About 75% is sent to College Pro, to pay for various investments and the franchisee holds on to the remaining 25% as working capital. Capital which come production season will be spent on obtaining painting supplies (like ladders). Nothing comes out of the franchisees pocket. A royalty of 21% on all profits is also obtained by College Pro, once a breakeven occurs. However, this can be rebated 5% for the Franchisee if they achieve performance levels that College Pro sets that maintain a certain level of sales and quality standards. For instance if the Franchisee achieved their sales target, provided College Pro with job rating cards signed by all customers, etc… The breakeven point for a typical College Pro business is $35,000.00 in business.

Throughout the course of being a Franchisee there are many training sessions and the ability to consult with a person experienced with College Pro. Training covers Paint Systems and Failures, Painting Production, Painter Recruitment, Marketing, Sales Techniques, Estimating, Safety, Financial Management, and Business Administration. This training is of great advantage to the Franchisee because they are a college student who probably has no experience painting and running a business. This training enables the Franchisee to learn the business inside and out. While a disadvantage would be that this destroys creativity and new ideas that is not true for College Pro. As a company founded by college students ideas and run by college students, they are always open to new ideas and discuss them in-depth. In the end it's the Franchisee who decides what part of the training to follow, they are only required to uphold College Pros standards and policies, not the way in which they ultimately run their business.

In order to staff the Franchisees operations the Franchisee must employ crews consisting of one Job Site Manager and 2-3 painters. Depending on the size of production the Franchisee may employ 5-6 of these crews all operating on different jobs. The Franchisee is required to pay their painters minimum wage, however, bonuses are involved that ensure motivation of the workforce. It is possible for painters to receive up to $20.00 an hour. On average they make $10.00-$12.00 per hour (if they finish the job early while still maintaining quality). This bonus money is not more money out of the Franchisees pocket as the painters were always getting paid the same amount(for the estimated amount of work); they just get increases per hour depending on how fast they work. The Franchisee is also responsible to maintain workers compensation coverage for all their workers.

Should the franchise agreement be terminated at any time prior to its expiration, then the Franchisee must pay damages suffered by College Pro and up to $4,000. This could include possibly training an individual to take over your business, plane expenses, anything the company has spent on the franchise. It's up to their discretion. While this is rare in it happening and College Pro will do everything it can to help you with your problems (besides directly giving you financing), however, termination still does occur from time to time. This is because it is for the best interest of both the Franchisor and Franchisee to maintain their relationship. Also, since the franchise agreements are done on a yearly basis, it is easy to continue until the agreement expires, and not incur these termination costs. It is very easy to exit this business as if don't want to continue into the next production season you simply do not enter into another franchise agreement with College Pro Painters.

Source: www.CollegeProPainters.com

Hey everyone, the MLB FE team here to bring you the first installment of the MLB 10: The Show blogs. For this entry, we’ll be talking about some of the details that have gone into the new 30-Player Franchise Mode.

One of our goals going into this year was to finally enable the ability to mimic your real-life counterpart rosters when in Franchise mode. In order to do so, we had to allow all 30 teams to be set for user control. Before we could even dive into that, we had to change up how profiles and options work.

In the past, we’ve allowed you to create a total of four profiles. With this new 30-Player control, we had to open the profile system up to accommodate the potential for a full 30 players. One of the biggest reasons was to have the ability to support up to 30 different option sets. So now you have the ability to create 30 different profiles, and assign any or all of them to your selected teams. If you want only one team to use a custom option set, assign a profile to only that team, and all other selected teams will use the Global options set.

After crossing the options hurdle, another area we needed to expand on was our player injury system. In order for you to have that true-to-life roster, we saw the need to allow you to manage your player injuries. We now support a system that allows you to select which players should be injured, choosing their injury type and injury duration. You can also choose to remove players from the disabled list at any point, ensuring your roster can be kept in sync with the actual club roster. In order to use this feature, you need to first set the Injuries option to manual.

During our design phase, we realized one important roster control aspect we desperately needed to add — Class-A rosters. This year you will now have a Class-A team roster to work with, giving you even more wiggle room when making roster decisions. The Class-A team cannot be taken in game, but you can use it as another 15 roster spots for your organization.

Once we finished addressing the tools vital for you to support your rosters, we looked at polish features. We came up with a new email system in Franchise mode to provide you with one convenient place to keep tabs on your organization needs. This email system will provide with you updates in a variety of areas, including day-to-day operations, roster related information, Minor League player updates, and league transactions. You will have the ability to cater your inbox by selecting which areas you want to be notified of, and which you don’t.

One last area expanded upon was the waiver system we implemented last year. We’ve added real-time waiver periods. Now when a player is placed on waivers, teams will have 48 hours to place a claim on the player. After the 48-hour period, the claiming team with the highest waiver priority is awarded the player. Teams are now able pass players through revocable trade waivers and, if he clears, can trade that player after the July 31st trade deadline. Also, when a player is designated for assignment, teams will now have 10 days to decide whether to release him, trade him, or if he clears waivers, assign him to the minor leagues. As was the case last year, we have a transaction handbook that you can visit at any point to familiarize yourself with all of the rules.

As you can see a lot of focus has been placed on providing you with all the tools necessary to keep your Franchise roster up-to-date with its real-life counterpart. These enhancements aren’t limited to only Franchise mode, and the same 30-player control can be found in Season mode.

- Aaron Luke and Kolbe Launchbaugh

Dream Doors Increases Franchise Fee by MP-PR

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managing your personal finances

There are so many articles and blogs addressing the problems of the management of personal finances and provision for retirement, particularly for those living in difficult circumstances such as on a single income, through loss of job, health problems etc.

In regard to investment for retirement, there must be three keys:

decisions on your financial needs for retirement

your changing ability, over a lifetime, to meet those needs; and

the particular choices to be made regarding actual investment for retirement

Nearly all the advice in these types of articles concentrates on the different types and mixes of investments that might be appropriate.

More important perhaps, is the need for basic personal financial management to determine as time goes on, how much is available for investment for retirement; and the lifestyle changes that might be appropriate if these amounts are deemed insufficient.

Most financial management articles concentrate on potential changes to expenditure, all with a view to achieving a better overall balance between the increases and decreases. The only problem with this approach, so far as it goes, is that it is always difficult to keep track of the effects of each change and to be aware of how much of a difference each change makes in the bigger picture. The other thing is what is the best balance? How do you know if all the different aspects of financial responsibility are receiving the proper attention they deserve, not only now, but on a continuing, lifetime basis?

The answer surely is a more systematic approach. What we actually talking about is managing and controlling finances – of a particular type – our domestic or personal finances.

We all probably know that in business, the only way, indeed the legally required way, to manage finances is by the use of accounting. Accounting has evolved over hundreds of years with national and international supervisory authorities ensuring that it best meets the needs of the many different forms of business in place throughout the world.

Surely I am not suggesting that we should all start using accounting for managing home finances? Isn't it much too difficult and time consuming; and help – I do not understand all the terms and techniques!

Well, yes, I am suggesting that we all start to use accounting for managing and controlling our finances, but not quite the sort of accounting that businesses use. The reason is that with appropriate modifications, domestic accounting can be made easy to understand, implement and use. Most important, it can actually produce the information we really need to manage and control our finances, on a continuing basis.

Now well retired, I decided to start using accounting along time ago to manage my own finances. I had learnt a little about accounting through a business correspondence course and much later, decided to try using it for my personal finances. I bought an off-the-shelf accounting package and set to work. I soon realised that it was all very difficult to do and that it didn't actually help very much once I got it set-up. The problem was that the focus was all wrong and the reports didn't relate to day-to-day personal financial transactions.

The business accounting focus, understandably, is all about profits and owner's or shareholder's value. The reports such as the Trading account and Profit & Loss account are designed to track and help maximise these values. Most personal accounting packages are based on business accounting with the problems I encountered, or only address simple features (all very useful as far as they go) such as bank statement reconciliation or budget lists.

Over many years, I evolved a new domestic accounting model. By this, I mean the set of reports and individual accounts needed to implement this new form of accounting, all with a new focus on what I called, Domestic Well-Being (DWB).

As a model, the method is capable of being implemented on off-the shelf personal accounting software packages on a home PC. I initially used the well known Microsoft Money© software package but now prefer a package called Personal Accountz©. The differences relate to alternative accounting architectures embodied in these two products – categorisation versus 'nominal' accounts – one account for each expense category.

DWB Accounting is all about maximising the effect or balance of the decreases compared to the increases, in a way that ensures that appropriate emphasis is given to all of the different categories of each, corresponding to the nature of the financial transactions that characterize domestic life.

What this means is that we have a pre-defined DWB structure for domestic change (the increases and decreases) that goes into successively more detail down this hierarchical structure. From the top level of Basics, Discretionary and Others, the Basics are categorised at the next level in terms of Essentials, Responsibilities and Family Circumstances. Discretionary is sub-categorised as Nice-to-Have, Investment for the Future and Luxuries. At a lower level, Essentials include Utilities, Food and Drink, Clothing, Health and Transport, whilst Nice-to-Have includes Vacation, Leisure and Entertainment, Hobbies, Charities and Timeshare, Mobile home and Caravan, with more and more detail as needed, at successive lower levels.

The model facilitates the bookkeeping which is the means (using individual accounts and/or categories) to enter transactions from bank statements and credit card statements to match the DWB structure; often semi-automated, this typically takes only a couple of hours a month which is trivial compared to the benefits available. Other techniques include naming conventions for the accounts to make it all easy to understand what is going on, in terms of what I call, the Domestic Accounting Equation.

The main tool or benefit of the model is the Domestic Well-Being Statement (DWBS) which is a structured report showing from high, medium to low sub-category levels, the amounts of increases and decreases over any period – a week, month, quarter, year or whatever. From a management and control perspective, at the top level, you can see the proportions of total expenditure between the Basics, Nice-to-Have and Others. A first question is 'are these proportions about right'? At a more detailed level, if the Basics are considered too high, you can then see at progressively lower levels in any of the areas, where there might be scope for planned reductions or increases in certain sub-categories, over future periods. It is all about searching for and achieving the best balance across the out-goings!

Of particular interest in this context is Investment for the Future (IFF); are the amounts sufficient and more important if they are not, where is the scope for increasing this amount? Where are the imbalances and which other subcategory amounts are potentially ripe for change?

The key is visibility. Suddenly, everything is exposed. You can see whether appropriate amounts are being put aside for the future; you can see where dangers might be lurking with potential debt problems; and for those with some existing debt, the management of its reduction is much easier to plan and execute.

Budgeting can set up to plan future expenditure with warnings triggered if spending over the next period approaches pre-set levels in whatever categories or sub-categories are being watched.

For the more adventurous, the model includes new domestic financial ratios for additional control capabilities, as well as numerous graphical displays (a picture speaks a thousand words!).

With a best possible financial balance achieved through maximizing Domestic Well-Being, provision for retirement will be at the fore. Decisions can be made on how best to provide the appropriate amounts for retirement investments and if necessary, change other lifestyle priorities to ensure that the required amounts are made available. Advice will still be needed on the choices and tailoring of investment plans but that is specialized and different from the basic personal financial management required to provide a rock-steady platform for all other financial decisions throughout life.

In the global financial turmoil today, everyone can take advantage of new ideas as a basis for starting to better manage and control their personal finances. DWB Accounting offers the potential for lifestyle improvements and goal achievement since good financial management can point to the need for many other initiatives such as job change, better qualifications, re-location and so on.

In summary, by using accounting for managing and controlling home and personal finances, based on the new Domestic Well-Being accounting model, you will always know in detail, the past and present state of your finances as a proper basis for comparison and control. You will be able to ensure that all aspects of your financial responsibilities are being met through achieving the best possible balance across all of your categories of increases and decreases, based on your own priorities and approach to indebtedness.

All that is demanded is an appropriate sense of responsibility from those in some form of family situation, be it a marriage or partnership, with or without children, or even just a single person. The sooner domestic accounting is underway, the greater the potential for lifetime and continuing benefit. It will take a few months to get things going and to accumulate sufficient figures to start seeing a meaningful basis for gaining and exercising control. Now is the time surely, to find out more about DWB Accounting.

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