How To Thrive In The Current Recession!

The King Is Dead Long Live The King!!

Yes, the King is dead.

We all know who the King was, the King in Ireland, and pretty much the whole western world for the last twenty or maybe fifty years has been property plain and simple.

For as long as I can remember the rationale was, if you're in property you're doing well, and if you've been in property long you're doing very well.Like many of you I've been there, enjoyed it and didn't get out.

So, why am I writing this article then?

Simply, because I realised that I needed another string to my bow.You see the King is dead, but what happens when a King dies is that he is very rapidly replaced by someone else who assumes all his powers, and becomes known in turn as the King.

And Man is the New King powerful.

The thing about the Old King, that being the property game was that too much of the wealth was held in property assets, known as your equity.You know, you had a property that was worth 200,000 euros with a mortgage of 100,000 euros, so theory was you had 100,000 of equity.

And the only way to turn that into cash was to sell it, and who in their right mind wanted to do that?Pay taxes, lose control of an appreciating asset, lose the future potential of that piece of property (who knew where the next shopping centre or dual carriageway
was going to go) etc, etc

The flipside was that there was no money in the day to day running of that same business unless you sold it, because due to superinflated property prices (unless you bought 20+ years ago), the rents and yields relative to debt (after expenses), required to purchase by and large were terrible.

So all too frequently, paper property millionaires were broke.

Hindsight is both a wonderful and a truly useless habit that we indulge in, but it can benefit us if we choose to learn the lessons.

For me one of the most obvious lessons from the property implosion has been that Cash is King, and that if you don't have a business with strong cashflows, (forget about equity) you don't really have a business, more of an obligation.

Enter the New King.The funny thing is the New King has been on the scene for a while.

The good news is that for those who showed the initiative to set up their own property business, who researched and viewed properties, read on their subject, attended courses, advertised their properties, negotiated with tenants, estate agents, vendors, tradesmen and women, managed cashflow and a whole host of other responsibilities is that the experience will stand to you for the rest of your life, and that these skills are transferable to whatever else you choose to take on.

The seeds of entrepreneurialism have been sown, and although the property tide has went out, you can and will be able to apply these skills to the new opportunities that are on the horizon.

To summarise, may I suggest that what you should be looking for now is a cash business that doesn't require significant debt and represents the potential for significant expansion.Some of you will know where I'm going with this.

The key is low overheads and a bigger market.If you're selling luxury Rolex watches, and you're in a town that's in the midst of a localised economic downturn, then the obvious answer would be to get out of that town, and go somewhere that isn't experiencing an economic depression.

Well, what if we said "You know what, you don't even have to move.But, what you do need to do is learn a new skill", and herein lies the key to ending the economic recession here in Ireland.

By learning how to take your business to the largest marketplace in the world, and figuring out how to sell your wares there, you can virtually recession proof your business, and rapidly accelerate your profits.And that's it, the New King is the vast economic potential of the Internet, the World Wide Web.

And believe it or not, this technology is in its absolute infancy.Think car phones that look like breeze blocks, and you're still not even close.

About the Author

If you're interested in staying ahead of the game, of getting the information that will produce results, then sign up for our FREE SUccess Tips at http://www.

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Thanks,

Gary McGeown

http://www.

ThinkAndGetRichBootcamp.com

Empire Events Ireland

Tel - +44 2837 528 632

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Attract and Retain the Best Employees with Employee Recruitment and Staffing Solutions

Attract and retain the most talented employees with employee recruitment and staffing strategies.This article will provide you with information that will save your organization time and resources in your hiring process.Whether youre an executive, a manager or a team leader, the following information will be beneficial to you.

To find talent, smart companies are taking every possible opportunity to interview job seekers.Whether you utilize in house recruitment personnel or outsource to a recruitment agency, the results can be hit and miss.In fact, a recent study showed that the correlation between the ability to deliver well in a job interview and the ability to do well on the job is just 14 percent, or one good employee out of every seven people you hire.

Employee recruitment and staffing strategies have evolved significantly in the last few years as technological advancement becomes a calculated, competitive edge for businesses.Progressive companies use employee recruitment and staffing solutions to interface, or even integrate the multiple solutions they employ, empowering them to recruit, hire, develop, retain, engage and promote top talent seamlessly.

Since the widespread recognition of the importance of human capital in organizations, companies are creating strategies that align people with business objectives to conquer challenges and create a competitive advantage.By investing in new technology and ongoing research, your organization can proactively eliminate hiring, on-boarding, employee development, talent retention and career planning issues before they begin and address challenges that already exist.

There are many employee recruitment and staffing strategies that can help your organization cope with the many employee issues you currently face.Here are some examples:

Applicant Tracking
Businesses employing large numbers of workers face unique hiring challenges.


Taking applications, screening, interviewing, hiring, and on-boarding dozens, hundreds or even thousands of new hires can lead to confusion, missed opportunities, lost time and wasted resources, including money.Application tracking gives managers the ability to review and hire the right applicants quickly and efficiently.Applicant tracking solutions are easy to use, require little training and do not require expensive hardware of software.By automating your hiring process, you can reduce your organizations recruiting costs by 40 or more.

Assessments
Every job or position has requirements that go beyond the customary job description.
When an employees job duties conflict with their natural talent and skills, they suffer from tension and stress that can lead to organizational conflict and employee behavioral problems.Assessments will help you make the right hiring decisions and put the right people in the right positions, which will result in increased productivity, reduced stress, less tension, decreased conflict and a positive impact on your bottom line.

Employee & Career Development
One of the greatest challenges faced in organizations is the strategic personal development of their human capital in order to ensure effective use of their talent.
In order to properly manage this vital resource, companies must identify their challenges and then implement training and employee development curriculum for improvement.Employee & Career Development strategies help manage employees who need improvement, the area in which they need further development and the progress they have made toward improving the necessary skills, retain and empower your employees by allowing them to develop and manage their career paths and align them with organizational strategy, and identify highly talented and productive employees who can become successors to key executives.

Learning Management
Organizations use learning management to have a competitive edge and a measurable impact on employee performance.
The value of learning management solutions enables organizations to demonstrate the return on investment they make in training, and in turn they are able to continue improvement processes that drive higher levels of return through enhanced performance over time.Learning management strategies can help organizations manage the administrative aspects of learning such as registration, class enrollment, attendance and performance tracking, making it easier for managers and employees to create, implement and track personalized programs.
About the Author

Jim Sirbasku is co-founder and CEO of Profiles International, a leading provider of human resource management solutions and employment assessments for businesses worldwide.

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