AC Interpreting

Archive for April, 2011

One of the most popular branches of bakeries in the Philippines today is Red Ribbon Bakeshop. The bakeshop has been known as one of the longest running bakeshops in the Philippines, marking its arrival in the late 1979 across the streets of Quezon City along Timog Avenue. It offers some of the best collections of authentic philippine cakes created by some of the talented Filipino bakers. Red Ribbon is also home to some of the most delectable collection of Italian cuisine such as lasagna, spaghettis, and the popular carbonara. So how did this remarkable bakeshop started its journey to success? Before offering popular Italian dishes, Red Ribbon Bakeshop first focused on delivering authentic philippine cakes. It’s roots started in 1979 as a hobby induced business. Along Timog Avenue, Quezon City, Red Ribbon Bakeshop begun serving cakes for Filipinos that passes through there. Filipinos loved the unique blend of taste coming from Red Ribbon’s authentic cakes. Innovative ideas that kept people coming back for more. Because of this success, Red Ribbon Bakeshop then turned their attention to a much larger market, which is setting up a branch outside of the country. Red Ribbon Bakeshop opened their first foreign branch in US branch in West Covina, California, where the majority of the Asian community are Filipinos. There they offered authentic philippine cakes to Filipinos and foreigners alike. Red Ribbon Bakeshop received so much success in the industry that they decided to offer franchising of their brand. The founder started to franchise Red Ribbon Bakeshop in 1999 where it first started to appear on several key points of the country. Because of its apparent success in the field, JFC (Jollibee Food Corporation) a conglomerate of popular fast-food chains in the Philippines, took notice of this and begun its effort to acquire the bakeshop. In October of 2005, Red Ribbon Bakeshop was acquired by Jollibee Foods Corporation. With its acquisition, Red Ribbon entered a new phase in its company history. Part of its expansions, Red Ribbon Bakeshop started to offer other kinds of menus. Aside from cakes, Red Ribbon Bakeshop started to offer Italian and Filipino cuisines such as Lasagna, Carbonara, Palabok, Spaghetti, and Deep fried chickens. According to their website, the company, Red Ribbon Bakeshop, will soon become the biggest and fastest-growing bakeshop in the Philippines. Its mission is to bring the joy of eating to everyone through its great-tasting food and superior quality.Visit the website http://www.myayala.com.

‘A Man Is Not A Financial Plan’ by Joan Baker
Investing For Wealth and Independence.

Joan Baker has written this book with women in mind but her message is clear whether you are young or old, single or in a relationship, whether you have savings or not you can take control of your finances. Women are capable of so much, keeping a family functioning while holding down a job is no small task. Taking care of yourself is often on the bottom of the ‘to do’ list, however taking care of yourself financially is essential for your own and your families long term security.

Women need to create their own wealth, enough to survive independently, so that whether they have a man in their life or not they will be ok financially. A plan is needed, even if you have a high income that alone is not enough to grow wealth.

Joan demystifies the jargon covering areas such as budgeting, principles of investing, superannuation, diversification, and managed funds. She explains the emotion that drives the share market. Which, by the way, women are often more successful at conquering than men are. She explains the importance of making your money when you buy and how to borrow smart for investments.

She covers how to plan your investment strategy and how to decide what is the best investment for you. She also passes on some encouraging thoughts on taking action, for without action no amount of investment knowledge will help.

Joan has had twenty years experience as a financial coach and says the main thing she has learnt is that anyone can become financially free, but you have to know what it is you want and you have to want it enough.

Have you noticed how there’s a disagreement about the value of statistics. To some, there are “lies, damned lies and statistics”. To others, statistics are the factual basis on which to base the operation of a major business. No one would suggest a casino or legal gambling operation should not work out the odds of winning and losing. It’s the same when it comes to insurance. There are a mountain of statistics showing how often different claims are made. Whether it’s a question of life expectancy, or the chances of illness following in a family, or homes being affected by flooding, or makes and models of vehicle being stolen, the actuaries will be able to give you a precise answer. With this information, the premium rates are set. Those who are low risk, pay less. Those who are high risk pay more. In theory, this is fair.

When it comes to driving, all the evidence shows women to be safer drivers than men. There are a number of reasons for this. The list starts with the simple fact that women are more likely to drive within the speed limits. So, most of the time, they can stop in time and avoid crashing into other vehicles. If they are unlucky, the force of the collision is less. There’s less damage to the vehicles and injuries are less severe. This is confirmed by the number of tickets issued, the number of claims made, and the hospital records of those injured. This is not evidence that is affected by male law enforcement officers being seduced into walking away without writing a ticket. There’s hard evidence of their safety record. The records also show women buying less powerful cars, fitted with more safety features. Under the circumstances, it seems reasonable to reward them with lower premium rates.

Except the European Court has just ruled this practice sexual discrimination. All European countries have been given until the end of 2012 to produce nondiscriminatory rates. The reasoning of the Court is interesting. It argues the point of insurance is to share the risk between all the members holding policies. That way, the good drivers subsidize the bad with everyone paying the same. Frankly, this is an amazing decision. If you drive well, you should earn a reward. If you drive badly, you should be punished. That way, the premium rates are used as a stick and carrot to persuade people to drive more safely. If A will pay the same premium rate whether the driving is safe or dangerous, A has no incentive to drive safely. A can drive as if on a NASCAR track and never be penalized.

Fortunately, we live in a land of free markets. Our car insurance companies are able to set their own rates without interference from the courts. If most women drive safely here, they all pay less. If a few women drive badly, they pay a high premium. If some men drive safely, they pay the same rate as women. Car insurance is all about profit. No company makes a profit unless it follows the statistical evidence and uses the premium rates to influence driving behavior. For once, we should be grateful we live here and not under a socialist system where premium rates are standardized without looking at the statistics.

Finance is a delicate aspect of business and progress. Numerous students pass out of the finance and business schools to work in definite positions while enhancing their career and adding to the values of the industry. Finance job descriptions must be accurately set so as to make the hiring process easier for the recruiter and the candidate.

The finance sector incorporates various level of working. Starting from the finance analyst to the finance director, from the planner to the treasury analyst, they are all different levels of finance sector and have a very definite set of work. The necessary skill set required for a particular job must be well delineated to avoid any wrong hiring. For example, due to a misleading profile description a company might end up hiring a finance analyst instead of a financial planner. Thus the call is in your hands now. A perfect organization needs to be organized to reach the desired goal. Each set of work has to be described properly as per needs.

For example the role of a finance manager must involve the following:

1. Analytical skills
2. Flair for interpersonal communication
3. Critical observation, so on and so forth

Having said this, we can also discuss the skills of a finance director:

1. Knowledge in accounting
2. Analytical skills
3. Critical observation

The two roles have similar requirement but it is up to the profile maker to understand the need of the two different work roles and describe them accurately to avoid confusion.

Thus Finance Job Descriptions needs to be very accurate and precise.

Locating a comfortable mattress that is both affordable and results in a great night of sleep can be a frustrating search. Additionally, running from one bed store to the next can also be a waste of valuable time.

If you’re looking for great deals on wholesale mattresses online but want to purchase from a trusted retailer, keep reading for an overview of some of the best wholesale providers on the web today.

Overstock Site

Overstock.com is a large website that basically buys up product ends, liquidation sales and factory surplus items and in order to sell them at a heavy discount to consumers. Because of this, their stock changes frequently and items are often sold in limited numbers.

The Overstock.com selection of wholesale mattresses includes adjustable air mattresses, memory foam models, Spring Air, soil system, sustainable and eco-friendly brands and latex mattresses. To find their complete listing, click on the homepage link and simply search for “mattresses.”

Options from American Wholesale Mattresses

Unfortunately, the American Wholesale Mattresses company doesn’t sell mattresses directly from their website, but that’s because their prices are simply too low and their stock is frequently changing. Their brands include Spring Air, Southerland, Serta, Elizabeth Jordan and even Tempur-Pedic, which is hard to find at wholesale prices. You can order by calling their toll free number.

Obtaining Finance For Your Business

When you are planning the launch of your own small business, a business loan can be a great idea. Business loans offer funds for stock, equipment and other start up costs associated with your new business, such as fit out, purchase or construction of premises or purchase of machinery.

Preparing Information For The Lender

Before you look for finance, make sure you do your homework. The lender will be impressed, and in many cases will actually require you to have a structured business model and plan.

It’s pointless approaching your lender with just a fuzzy outline of what you want. Remember, you are asking them to take a risk, so make sure that you have as much relevant information as possible to present to your lender.

You should prepare a detailed business plan showing how you have researched your market, what the likely demand will be for your product, what the likely threats will be and what measures you have in place to counter those threats. You will also need to provide cash flow forecasts detailing what your projected income and expenses will be, and showing how you arrived at those forecasts. It’s best to be conservative with your income projections, but to allow a little more with your projected expenses.

You should provide these forecasts for years 1,2 and 3. Remember, the better your research, the more at ease the lender will be, and the better your chances of obtaining the necessary finance.

Security For Your Loan

Loans may be available in both secured and unsecured forms, however unsecured loans are very hard to obtain, and in most cases the lender will want security by way of a mortgage over real estate. Secured loans will allow you to borrow more, and may be at a cheaper interest rate than an unsecured loan.

The author, Dave Curran has 30 years experience in finance and management.