Quizballs 5 Free management and business quiz test questions for quizzes, learning

#business quiz

#

quizballs quiz 5 – tough management questions without answers


free management and business quiz questions – for team games, learning and fun

This is a page from the Quizballs zone of the Businessballs website. Quizballs provides free quiz questions and answers for trivia quizzes, team games, pub quizzes, general knowledge, learning and amusement. Use the quiz and questions and answers to suit your purposes, either as a stand-alone quiz, or to cut and paste to make your own quizzes.

Quizballs accepts no liability for any arguments, lost bets, or otherwise unfortunate consequences arising from any errors contained in these quizzes although quite a lot of effort is made to ensure that questions are clear and answers are correct. Please notify us of any errors, or questions or answers requiring clarification.

These quizzes are free to use in pub quizzes, trivia quizzes, organisational events and team-building, but are not to be sold or published, which includes not posting them on other websites, thank you.

These are the quiz questions. Here are the quiz answers with the questions. A link to the quiz answers also follows the questions below.

see the quizballs.com quizzes website operated by businessballs

quizballs 5 – tough management and business quiz – free quiz questions

Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

  1. What psychological methodology does NLP stand for?
  2. David McLelland’s motivational theory identified three principal motivational needs which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs?
  3. Which organisation produces the UK’s ABC1C2 (etc) Social Grade Classifications Statistics?
  4. What does the selling acronym AIDA stand for?
  5. Who developed the ‘Equity Theory’ of job motivation in the 1960’s?
  6. What does the financial abbreviation P L stand for?
  7. Who developed the ten stages of corporate life cycle, starting with Courtship and Infancy and ending in Bureaucracy and Death?
  8. The Ansoff matrix correlates what two aspects of business development from the ‘new’ and ‘existing’ perspectives?
  9. In selling and communications, what do ‘open questions’ generally achieve?
  10. Albert Mehrabian researched and published a now widely referenced set of statistics for the effectiveness of spoken communications relating to feelings and attitudes; what three types of communication did he identify and what percentages for each did he attach to each type in terms of the percentage of meaning (or understanding) that each communication type conveyed from person to person in his study?
  11. In business accounts and financial reporting, expenses which change according to scale of performance or usage or demand are known as what?
  12. What is the name of Ingham and Luft’s model and theory which deals with hidden and open areas of knowledge about a person?
  13. The ‘360 degree’ appraisal method collects feedback from whom, about whom?
  14. What are the four levels of learning evaluation defined in Donald Kirkpatrick’s original four-stage model?
  15. What is the correct ascending order of these human needs according to Maslow’s Hierarchy of Needs: Esteem, Safety, Belongingness and Love, Self-Actualisation, Biological and Physiological?
  16. What part of our brains typically handles process-type functions, according to brain theorists such as Katherine Benziger?
  17. What does the accounting acronym FIFO mean?
  18. One of the most effective and efficient forms of marketing is abbreviated to the initials WOM; what is it?
  19. Bloom’s Taxonomy of Learning Domains divides learning development into three main aspects: Cognitive, Affective and Psychomotor; what might these three aspects of personal development more commonly be called?
  20. Who wrote the Seven Habits of Highly Effective People?
  21. The ‘Big Five’ personality dimensions, by which modern day psychologists believe every person’s personality and behaviour tendencies can be measured are commonly abbreviated to the OCEAN acronym; what does OCEAN stand for?
  22. What are the four metaphorical terms used to describe products/services in Boston Matrix model according to market share and market maturity?
  23. The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
  24. What three important things should be confirmed and understood before conducting a brainstorming ideas session?
  25. What does the SWOT stand for in SWOT analysis?
  26. What are the ‘Four Functional Types’ within Carl Jung’s theory?
  27. With what was the Kyoto Summit concerned?
  28. What are the four sequential stages of the ‘conscious competence’ learning model?
  29. What is the ‘1st Law of Cybernetics’ (also known as the ‘Law of Requisite Variety’)?
  30. What are the four main ‘Temperament’ types called within David Keirsey’s Temperaments personality theory?
  31. According to the Tannenbaum and Schmidt theory relating to leadership, delegation and team development, what must be reduced in order for the team’s area of freedom (and growth) to increase?
  32. What does the financial term ROI stand for?
  33. Whose experiential learning theory comprises the learning styles named: Concrete Experience (feeling); Abstract Conceptualization (thinking); Active Experimentation (doing); and Reflective Observation (watching)?
  34. Daniel Goleman was responsible for popularising and defining what management and behavioural concept in his eponymously titled (ie. the title is also the subject) 1995 book?
  35. What is psychometrics?
  36. What is the management technique that is commonly informally abbreviated to MBWA?
  37. Large size hand-writing generally indicates what characteristics in the personality of the writer?
  38. Since October 2004, UK employers must follow a minimum process of three-stages for handling disputes with employees, including disciplinary and grievance matters; what are the basic minimum three stages required?
  39. Douglas McGregor defined two main styles of management; what did he call them and how are each of the two styles typified?
  40. Bruce Tuckman’s theory about team development uses what four sequential rhyming words to describe the four stages of a group’s progression?
  41. What are Howard Gardner’s seven (original) Multiple Intelligences?
  42. According to Herzberg’s motivational theory, which of these are ‘hygiene needs’ (or ‘maintenance factors’) and which are true ‘motivators’: work conditions, salary, achievement, advancement, work itself, responsibility, company car, status, recognition, and personal growth?
  43. What does VAK stand for in the learning styles theory?
  44. What does the business acronym IPO stand for?
  45. What does the PEST stand for in PEST analysis?
  46. What do ‘open questions’ typically begin with?
  47. What visionary management thinker wrote The Age Of Unreason and The Empty Raincoat?
  48. What are the names of the (nine) Belbin ‘team roles’?
  49. In marketing, what are the The Four P’s?
  50. A lot of the traditional 20th century sales theory and training was influenced by the 1937 book ‘How to Win Friends and Influence People’; who wrote it?

Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

quizballs 5 – free management and business quiz answers


quizballs main page – more free trivia quizzes questions and answers





ATM FAQ: frequent ATM questions answered #business #for #sales

#atm machine business

#

Welcome to the ATM FAQ page

This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

ATM FAQ – Frequent ATM Questions

1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

Getting Started

We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

888-336-4872

Call to order an ATM to purchase. Call if you have any questions about purchasing an ATM. If you purchased your ATM from ATMmachine.com, call us for service or repairs first. Click the support links above for more choices of ATM help pages to visit.

1998-2016 S & T Enterprise Group Inc.





Quizballs 5 Free management and business quiz test questions for quizzes, learning

#business quiz

#

quizballs quiz 5 – tough management questions without answers


free management and business quiz questions – for team games, learning and fun

This is a page from the Quizballs zone of the Businessballs website. Quizballs provides free quiz questions and answers for trivia quizzes, team games, pub quizzes, general knowledge, learning and amusement. Use the quiz and questions and answers to suit your purposes, either as a stand-alone quiz, or to cut and paste to make your own quizzes.

Quizballs accepts no liability for any arguments, lost bets, or otherwise unfortunate consequences arising from any errors contained in these quizzes although quite a lot of effort is made to ensure that questions are clear and answers are correct. Please notify us of any errors, or questions or answers requiring clarification.

These quizzes are free to use in pub quizzes, trivia quizzes, organisational events and team-building, but are not to be sold or published, which includes not posting them on other websites, thank you.

These are the quiz questions. Here are the quiz answers with the questions. A link to the quiz answers also follows the questions below.

see the quizballs.com quizzes website operated by businessballs

quizballs 5 – tough management and business quiz – free quiz questions

Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

  1. What psychological methodology does NLP stand for?
  2. David McLelland’s motivational theory identified three principal motivational needs which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs?
  3. Which organisation produces the UK’s ABC1C2 (etc) Social Grade Classifications Statistics?
  4. What does the selling acronym AIDA stand for?
  5. Who developed the ‘Equity Theory’ of job motivation in the 1960’s?
  6. What does the financial abbreviation P L stand for?
  7. Who developed the ten stages of corporate life cycle, starting with Courtship and Infancy and ending in Bureaucracy and Death?
  8. The Ansoff matrix correlates what two aspects of business development from the ‘new’ and ‘existing’ perspectives?
  9. In selling and communications, what do ‘open questions’ generally achieve?
  10. Albert Mehrabian researched and published a now widely referenced set of statistics for the effectiveness of spoken communications relating to feelings and attitudes; what three types of communication did he identify and what percentages for each did he attach to each type in terms of the percentage of meaning (or understanding) that each communication type conveyed from person to person in his study?
  11. In business accounts and financial reporting, expenses which change according to scale of performance or usage or demand are known as what?
  12. What is the name of Ingham and Luft’s model and theory which deals with hidden and open areas of knowledge about a person?
  13. The ‘360 degree’ appraisal method collects feedback from whom, about whom?
  14. What are the four levels of learning evaluation defined in Donald Kirkpatrick’s original four-stage model?
  15. What is the correct ascending order of these human needs according to Maslow’s Hierarchy of Needs: Esteem, Safety, Belongingness and Love, Self-Actualisation, Biological and Physiological?
  16. What part of our brains typically handles process-type functions, according to brain theorists such as Katherine Benziger?
  17. What does the accounting acronym FIFO mean?
  18. One of the most effective and efficient forms of marketing is abbreviated to the initials WOM; what is it?
  19. Bloom’s Taxonomy of Learning Domains divides learning development into three main aspects: Cognitive, Affective and Psychomotor; what might these three aspects of personal development more commonly be called?
  20. Who wrote the Seven Habits of Highly Effective People?
  21. The ‘Big Five’ personality dimensions, by which modern day psychologists believe every person’s personality and behaviour tendencies can be measured are commonly abbreviated to the OCEAN acronym; what does OCEAN stand for?
  22. What are the four metaphorical terms used to describe products/services in Boston Matrix model according to market share and market maturity?
  23. The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
  24. What three important things should be confirmed and understood before conducting a brainstorming ideas session?
  25. What does the SWOT stand for in SWOT analysis?
  26. What are the ‘Four Functional Types’ within Carl Jung’s theory?
  27. With what was the Kyoto Summit concerned?
  28. What are the four sequential stages of the ‘conscious competence’ learning model?
  29. What is the ‘1st Law of Cybernetics’ (also known as the ‘Law of Requisite Variety’)?
  30. What are the four main ‘Temperament’ types called within David Keirsey’s Temperaments personality theory?
  31. According to the Tannenbaum and Schmidt theory relating to leadership, delegation and team development, what must be reduced in order for the team’s area of freedom (and growth) to increase?
  32. What does the financial term ROI stand for?
  33. Whose experiential learning theory comprises the learning styles named: Concrete Experience (feeling); Abstract Conceptualization (thinking); Active Experimentation (doing); and Reflective Observation (watching)?
  34. Daniel Goleman was responsible for popularising and defining what management and behavioural concept in his eponymously titled (ie. the title is also the subject) 1995 book?
  35. What is psychometrics?
  36. What is the management technique that is commonly informally abbreviated to MBWA?
  37. Large size hand-writing generally indicates what characteristics in the personality of the writer?
  38. Since October 2004, UK employers must follow a minimum process of three-stages for handling disputes with employees, including disciplinary and grievance matters; what are the basic minimum three stages required?
  39. Douglas McGregor defined two main styles of management; what did he call them and how are each of the two styles typified?
  40. Bruce Tuckman’s theory about team development uses what four sequential rhyming words to describe the four stages of a group’s progression?
  41. What are Howard Gardner’s seven (original) Multiple Intelligences?
  42. According to Herzberg’s motivational theory, which of these are ‘hygiene needs’ (or ‘maintenance factors’) and which are true ‘motivators’: work conditions, salary, achievement, advancement, work itself, responsibility, company car, status, recognition, and personal growth?
  43. What does VAK stand for in the learning styles theory?
  44. What does the business acronym IPO stand for?
  45. What does the PEST stand for in PEST analysis?
  46. What do ‘open questions’ typically begin with?
  47. What visionary management thinker wrote The Age Of Unreason and The Empty Raincoat?
  48. What are the names of the (nine) Belbin ‘team roles’?
  49. In marketing, what are the The Four P’s?
  50. A lot of the traditional 20th century sales theory and training was influenced by the 1937 book ‘How to Win Friends and Influence People’; who wrote it?

Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

quizballs 5 – free management and business quiz answers


quizballs main page – more free trivia quizzes questions and answers





10 Questions to Ask Before Selling Your Business #business #card #holder

#sell my business

#

10 Questions to Ask Before Selling Your Business

If you re thinking about selling your business, think twice. Selling a business should never be a spur-of-the-moment decision, says Curtis Kroeker, group general manager for San Francisco-based BizBuySell.com and BizQuest.com. business-for-sale marketplaces that have an inventory of about 40,000 businesses. You need to figure out things like if you should sell, when is the best time to sell, and what you need to consider before selling, among many other considerations.

So, should you sell your business? Here are 10 key questions to help you figure it out.

Is my business ready to sell? Kroeker recommends at least two years of preparation before putting your business on the market. Make sure you can produce two to three years of tax returns that are accurate and show maximum profitability to get the best price for your business, he says. You can t start putting things together the month before you sell.

How is a buyer going to value my business? Particularly with family ownership, companies sometimes run everything through the business, such as country club dues and car allowances, says Robert Kibby, section head of the corporate and securities group at Dallas-based Munsch Hardt Kopf Harr Attorneys and Counselors. Loading the business with tax write-offs can make you appear less profitable and cause a buyer to undervalue your business.

Who should be on my team when I sell? It s important for entrepreneurs to figure out whose services will bring them through the sales process and help them get the best price for their business. Do you need an accountant? How about an appraiser, attorney, consultant and business broker? The buyer is typically going to have a good team to go over your business, so you should, too, Kibby says.

Is it the right time to sell? Many people wait till their business is on the decline to sell. That s the exact opposite of what you should do, says Debbie Allen. a Phoenix-based business and brand strategist and consultant. You want to sell when you are at the top of your game peaked out, she says. Some will say, I m making good money now. Why should I sell? That s thinking like a business owner, not an entrepreneur.

Is the market right? Before selling, look at current market conditions for your industry. Selling a home improvement business in 2006 showed a pretty good return. Fast forward a couple of years and many roofing, siding, home financing and other housing-related companies had lost a big chunk of their value. I saw companies who turned down an offer in 2005 who couldn t get three-quarters of that price a few years later, says Allan Siposs, a managing director of FMV Capital Markets in Irvine, Calif. which offers services for mergers, acquisitions and divestitures. Wait until market conditions are better to sell.

Can I cope with the changes on the horizon? Rapidly changing technology, increasing globalization and other business trends can prove too much for some business owners. Keep your eyes trained three or four years down the road, and if you don t believe you can keep up, sell before your failure to adapt catches up with you. Some people find it hard to leave, but if you wait too long, the industry may pass you by, Allen says.

Can my business thrive without me or without a key customer? If a buyer is concerned that a business is too dependent on the owner or a single customer, he may take his offer elsewhere. A good business can operate when the owner is on vacation and has good revenue diversification, where no one customer represents more than five percent of the business, Siposs says.

Would I be willing to stay on if the buyer wants me to? Sometimes you can seal a deal by agreeing to stay on in a consulting role for a period of six months. But first, you need to determine whether it s really worth it to you. If you re willing to stay on, it might reduce the risk to the buyer and increase the value of the company, Siposs says.

What are the potential deal breakers? Unresolved issues can rear their ugly head and interfere with a sale, particularly in areas such as company ownership, accounting and intellectual property rights. For example, an owner may have used a contractor to write software for the company without requiring him to assign his rights to the company. This can create questions about who possesses critical rights, which can scuttle the deal, Kibby says. So, consider what your potential deal breakers are and try to resolve them before you re near to closing a deal.

Would I consider alternatives to an outright sale? If an outright sale isn t right for you, a CPA or investment banker can help evaluate other options. How about structuring a deal to pass on the ownership to employees through an Employee Stock Ownership Plan (ESOP)? Would you consider selling a percentage of the company to a private equity fund? Or would you do a leveraged recapitalization, which is a loan that puts a portion of the proceeds in your pocket?





Farrell – Pak: Texas Elder Law #farrell # # #pak, #farrell, #pak,


#

Elder Texans and their families face increasingly complex decisions about legal and financial matters. Appropriate legal and financial plans can prevent personal and family crisis from occurring when health deteriorates and the need for long-term care arises. Our services include: benefits planning and applications including Medicaid; estate planning including special needs and other types of trusts, wills and powers of attorney; guardianship; probate and alternatives to probate when appropriate. We serve the elderly, caregivers, and those who wish to plan for their choices and values to be honored.

Legal Services for Elder Texans and Their Families

Many of our clients face expensive medical needs, such as care in a nursing home, assisted living facility or at home. We help them and their families conserve their assets to the extent possible, while seeking the best care in the most suitable environment. We seek to provide peace of mind for our clients.

U.S. News World Report Best Law Firms in Texas in Elder Law (First Tier) , 2013-2016

Services we provide routinely include:

  • Legal and financial planning for long term care
  • Medicaid planning, applications and appeals
  • Estate planning for individuals and couples
  • Special Needs Trusts for family members with disabilities
  • Power of Attorney Agent and Guardianship advisory
  • Probate and estate administration
  • Alternatives to Probate
  • Guardianship
  • Referrals to related geriatric services

Attorneys

H. CLYDE FARRELL has been in private Elder Law practice since 1993. He is a Certified Elder Law Attorney, certified by the National Elder Law Foundation, as recognized by the State Bar of Texas Board of Legal Specialization.

BLISS BURDETT PAK joined Mr. Farrell as a partner in 2010. She is a member of the College of the State Bar of Texas, the State Bar of Texas (licensed since 1999) and the State Bar of Illinois (licensed since 1996).

GREG R. JOHNSON joined Farrell Pak in 2011. He obtained his Texas law license in 2004 after graduating from the University of Texas School of Law. He also holds a Master’s degree in Public Affairs

MEREDITH A. SULLIVAN, associate. Meredith earned her J.D. from Baylor Law School in 2015 and joined the Texas Bar in 2016. She is a member of the Texas Bar’s REPTL, Travis County Women Lawyers Association and Texas Young Lawyers Association.


Job Interview Guide, Interview Questions and Answers, Interview Tips, Mock Interviews #job


#

Excellent site – great ideas – particularly for those ‘tricky’ questions and situations. This is an essential interview preparation tool! M.

I’m a vocational counselor and teach pre-employment skills. I’ve had people come back to me and say they almost knew what the employer was going to ask next, and that throughout their entire job search, they never encountered a question or situation they weren’t already prepared to handle.
Paul C. – Berlin, New Jersey

You have a wonderful source of information at your site. I am to say the least, impressed with the contents and information that you have presented. G. HR Director

INTERVIEW QUESTIONS
Interview Questions Answers

Be calm and confident for your interview. Interview experts Matt Nan DeLuca, answer tough interview questions – Tell me about yourself. Answer this common interview question in 3 easy steps.Review the answer.

JOB INTERVIEW
Interview Guide
Matt Nan DeLuca and our job interview experts give you detailed answers to tough interview questions. Avoid interview mistakes and nervousness:

Practice interviews and how to prepare in 24 hours

  • Questions to ask the interviewers
  • What to say and what not to say

  • Immediate access to interview guides for supervisor and HR professional .

    MOCK INTERVIEWS
    Interviews
    Interview questions for accounting, administrative, airlines, customer service, healthcare, human resources, information technology, law enforcement, legal, sales, teaching, supervision, management, and more.

    INTERVIEW QUESTIONS
    Job Interview Questions
    Interview questions from the managers who hire. Interview question and answer tips for common interview questions, 41 job skills and abilities, interview situations, and career fields.

    Supervision Interview Questions
    Interviewing for a supervisor’s job? Sample interview questions and answer tips.

    INTERVIEW
    Employer Interview Questions

    Del J. Still, hiring expert, answers your questions on hiring – How can I tell if an applicant is lying in the job interview? There is a tried and true way to determine if an applicant is lying.Review theanswer .

    Interviewer’s Guide
    Employer interview questions and ready to use interviews to hire the right person:

    Interview questions including behavioral questions for 48 skills and abilities

  • Interview questions for 34 supervisory skills and abilities
  • 6 ready-to-use interviews

  • Questions to ask the interviewers
    What questions to ask the interviewers from John Kador.

    Build interview confidence
    Peter Murphy’s interview strategy to build confidence for interview success.

    GET THE INTERVIEW
    Resumes cover letters
    Jobseekers – get the job interview with resume cover letter samples and resources.


    Life Insurance- What does paid up life insurance mean? #yahoo, #answers, #questions,


    #

    Life Insurance- What does paid up life insurance mean?

    Best Answer: If you take it literally, it means the life insurance is paid up and you don t have to pay any more premiums.

    But the insurance industry tend to twist the definitions. For example, a dividend is suppose to mean a company has made profits and share those profits to its shareholders as a dividend. But in life insurance, a dividend really means that you have overpaid your premiums and the insurance company refund the excess amount to you.

    So, the term paid up in life insurance really mean that you have built enough cash value where you don t have to pay your premiums for awhile. The catch is, your life insurance is still enforced and someone has to pay the annual premiums. So the insurance company takes money from your cash value to pay for it. If you die someday, your family will get the death benefit MINUS whatever cash value was taken (including the interest charged on the cash value). When your cash value is near depletion, you will get a letter that your life insurance policy is in endangered of being lapse. If you do not pay the premiums, you will lose coverage.

    Source(s): Life insurance expert and analysis.
    Educate yourself about life insurance here: http://finance1o1.blogspot.com

    The basic definition of Paid-Up Insurance for life insurance means that all the premiums have already been paid, with no further premium payment due.

    However, in this case, it sounds like you have a certain amount of life insurance coverage that is fully paid-up, perhaps a permanent life insurance policy.

    You may be paying additional premiums for a portion of your life insurance that is term lfie insurance, that is not paid up.

    ROP Life Insurance means return of premium life insurance. This coverage is usually purchased as term life insurance. If you outlive the term or period of the life insurance coverage, you get the premiums back.

    You may want to check your life insurance policy and the terms and definitions listed in the back of the policy.

    Or, you could contact your life insurance agent and ask for an explanation, or write the insurance company and ask for the meaning of paid up life insurance as it relates to your policy – ask for it in writing for your file.

    I hope that helps! Best of luck to you.

    Source(s): 18 years experience in the Insurance Industry.

    Hadley 10 years ago


    Help Desk Interview Questions and Answers #help #desk #interview #questions,help #desk #interview,job


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    Help Desk Interview Questions and Answers

    Help desk interview questions investigate a number of key abilities and skills that applicants for all help desk jobs need.

    Help desk specialists need more than basic technical know-how. They have to answer phone calls, listen and question effectively, interpret and solve problems, give technical support and keep track of problems and resolutions.

    Often they have to handle difficult and demanding customers. Help desk jobs are as much about people and communication as they are about technology.

    In addition to product and technical knowledge the following abilities and competencies are essential to success in help desk work:

    • customer-service orientation
    • problem-solving ability
    • the ability to adapt to different demands
    • stress tolerance
    • communication skills

    Expect help desk interview questions that explore these competencies.

    The focus of help desk interview questions is often around the candidate’s communication skills.

    “Tell me about a time when it was particularly difficult for the caller to explain the problem to you. How did you reach an understanding of the issue?”

    In your answer demonstrate your ability to ask the right questions and continually clarify to get the correct information. The emphasis is on active listening, effective questioning and clarification.

    “Give me an example when you had to simplify complex information in order to explain it to a caller.”

    Key to your performance on the help desk is an ability to break down complicated information so that it can be easily understood by people with limited technological expertise. Your answer should show how you can express your knowledge in a clear and simple manner.

    “Discuss a situation when the caller had great difficulty in understanding what you were explaining. What did you do?”

    Focus on your ability to adjust your communication style to the level of the caller. You have to able to talk to people of all levels of education, experience and technological expertise. Highlight your patience and willingness to repeat the information until understanding is reached.

    Pay attention to the way you communicate with the interviewer. Your listening skills and questioning ability will be under close scrutiny. Go to Communication Tips for Job Interviews to find out how to communicate effectively in the interview.

    Be aware of the role your Interview Body Language plays in sending the right message.

    Customer Service Orientation

    Each caller is a customer and your customer service motivation will be explored with help desk interview questions like these:

    “Tell me about a time when you had to deal with a particularly difficult customer/caller, how did you resolve the issue?”

    “Tell me about a recent situation in which you had to deal with a very upset customer or co-worker.”

    “How have you responded when callers become demanding beyond an acceptable level?”

    Help desk interview answers to these questions should all highlight your ability to remain professional in difficult situations. Focus on the effort you made to understand the callers’ issues and to meet their needs without becoming upset or negative.

    Expect common customer service questions including What does excellent customer service mean to you? Go to Customer Service Interview Questions to prepare well for this question – it is often asked.

    “Describe a complicated problem you had to deal with. How did you gain a better understanding of the problem?”

    “Tell me about a problem that really tested your analytical abilities? How did you reach a solution?”

    “Tell me about a problem that you could not immediately solve. What resources did you use?”

    Your interview answers should demonstrate your ability to get the necessary information from the caller, to identify the key issues and detect the problem.

    Focus on your skills in analyzing the problem and working out the best solution using the resources available to you.

    “Tell me about a time you had to had to adjust your approach to deal effectively with a work demand.”

    “Tell me about a time you experienced conflicting work demands. How did you respond?”

    “What kind of people are your current users? How do you adapt to their particular demands?”

    The interviewer wants to know if you can effectively deal with different people and different demands. Show that you can adjust your communication style, your behavior and your actions to meet changing demands and tasks. Show how you are able to maintain your effectiveness in dealing with different people.

    “Tell me how you have dealt with a hostile caller. What was the outcome?”

    “Describe a highly stressful interaction you’ve had with an internal/external customer. How did your react?”

    “How did you respond when you received negative feedback from a caller about you personally?”

    These help desk interview questions require you to show how you can handle negative and stressful situations. Your answer should show a patient and positive attitude when challenging situations occur and that you do not allow your personal ego to get in the way of helping the caller. Describe the coping techniques you use to keep calm under stress.

    Help desk staff may be required to work outside the 9 to 5 day. Your willingness to have a flexible work schedule may be explored.

    “Tell me about your current work schedule.”

    Help desk workers need to constantly learn new technologies and stay current.

    “How do you keep your knowledge and skills current?”

    Demonstrate a willingness to learn and implement new knowledge.

    Expect help desk interview questions that explore your product and technical knowledge.

    “In which areas do you consider yourself to be an expert, and how do you envisage being able to utilize this expertise within this organization?”

    Demonstrate that you understand the overall systems environment as well as specific products. Highlight your specialist skills and how they will benefit this position.

    Be prepared for these help desk interview questions that explore key job behaviors as well as questions that explore your technical and product knowledge. The behavioral interview provides a comprehensive explanation of how to answer behavioral or competency-based questions such as these.

    These answers to behavioral interview questions will help you to be ready for a range of behavioral based interview questions.

    The call center interview guide is a useful resource to prepare for your interview.

    You will have to answer a number of common interview questions in your help desk interview.

    What are your strong points as an employee? Go this list of strengths to be ready for the interview question “What are your strengths?”

    Do your homework and find out about the company before your interview. Be ready to answer the question, Why do you want to work here?

    Prepare good questions to ask in your interview. It is important to be ready with some insightful questions to ask the interviewer. Help Desk Interview Questions to Ask

    There are a number of tried and tested interview techniques and strategies that improve your chances of success. Top 10 Interview Tips

    Use this detailed help desk job description to get a clear understanding of the job tasks and competencies.


    Virgin Atlantic Credit Card Account Questions #credit #card #questions #and #answers


    #

    Virgin Atlantic Credit Card Account questions

    Are you a UK resident?

    Do you have a bank or building society account?

    It’s easy, only takes a few minutes, and is totally secure.

    Or if you prefer you can apply over the phone by calling 0800 056 5576. Lines are open 7am to 10pm Monday to Sunday.

    What information do I need before applying?

    • Your bank sort code and account number
    • Your employment and salary details
    • Your address history for the last 3 years
    • Details of any current borrowings, loans, credit cards and overdrafts

    Why does the Virgin Atlantic Credit Card Account have two cards?

    When you open a Virgin Atlantic Credit Card Account you’ll be sent an American Express® card and a Visa card. This is to give you more opportunities to earn Flying Club miles. Each of the cards will allow you to earn Flying Club miles at different rates.

    To earn your Flying Club miles faster and maximise your rewards, use your Virgin Atlantic American Express® Credit Card. In places that don’t take American Express®, you can still earn Flying Club miles by using your Virgin Atlantic Visa Credit Card.

    Will I definitely get an account?

    We take our responsibilities as a lender seriously so we do have to take into account your age, status, financial background and your ability to repay.

    How long will it be before I hear?

    If you apply online between the hours of 6am – midnight, Monday to Friday, or 6am – 9pm Saturday to Sunday, you could get an instant decision. Outside of these hours, or if your application is referred to a Credit Analyst for a final decision, we’ll be in touch as soon as possible. Otherwise, and also if your application is referred for review, you can expect to hear from us within 7 to 10 days. If you have any questions in the meantime, just contact our customer helpline on 0800 056 7686.

    How do you decide my credit limit?

    You will be given one credit limit on your Virgin Atlantic Credit Card Account – the limit given is based on personal circumstances and applies to both cards.

    Can I service my credit card account online and over the phone?

    • Pay your bill
    • View your PIN
    • View your account details, including balance, available credit, recent payments and transactions
    • Transfer a balance and pay other bills
    • Request a credit limit increase, request a new PIN, view your statement and more

    Alternatively you can access your Virgin Atlantic Credit Card Account 24/7 using our online service, or by calling MBNA on 0800 056 7686 between 7am – 10pm, 7 days a week.

    Do I get a PIN for each card?

    When you’re accepted for a Virgin Atlantic Credit Card Account, we’ll send you a PIN. Your PIN will be the same for both your Virgin Atlantic American Express® Credit Card and your Virgin Atlantic Visa Credit Card, however we will send you two separate PIN letters – one per card.

    You can change your PIN at most cash machines. If you want to change your PIN from the one we’ve given you but still want your Virgin Atlantic American Express® Credit Card and your Virgin Atlantic Visa Credit Card to have the same PIN, you will need to change both PINs separately – changing one will not automatically change the other. You can also choose a different PIN for each card if you’d prefer.

    Do I have to activate both cards?

    To activate your White or Black Credit Card Account please call us on 0800 854 767 or visit www.virginatlantic.com/activatenow – you only need to do this once (not once per card).

    Can I add an additional cardholder to my account?

    You can add up to three additional cardholders to your account at no extra charge. One of these can be added during your application process and up to two more can be added simply by selecting the appropriate tab within Online Card Services.

    Any additional cardholder(s) must be over 18 years of age, reside at the same primary address, and have a relationship of close family member (defined as; spouse, child, parent, sibling or domestic partner).

    Will I be able to see my Virgin Atlantic American Express® Card spend and my Virgin Atlantic Visa Card spend separately?

    Yes. Your spend on each card as well as mileage earned, will be broken down on your monthly statement as well as in Online Card Services .

    Balance transfers, money transfers and card purchases. 2 of 6


    MCE INSURANCE – DOCUMENTS HELP? #yahoo, #answers, #questions, #business #& #finance,insurance


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    MCE INSURANCE – DOCUMENTS HELP?

    I took out an insurance policy yesterday on my new motorbike, yesterday being sunday the 18th July, 2010 at approx. 1.00pm. I ring today to ask them to email me over my insurance policy so that i can print it off to go and get my bike taxed as the previous owner declared it off road. I need to get that tax done. show more I took out an insurance policy yesterday on my new motorbike, yesterday being sunday the 18th July, 2010 at approx. 1.00pm.
    I ring today to ask them to email me over my insurance policy so that i can print it off to go and get my bike taxed as the previous owner declared it off road.
    I need to get that tax done today! I have rang them twice to ask them when they can send me the documentation but they both say You will recieve you documents within 72 hours of the day of purchase Due to the policy needing to be Quality checked?
    So my question is how long will i be expecting until they send me my insurance details. I mean how difficut can it be to send over a policy?
    If anyone has dealt with this insurance company before can you please tell me how long i should wait for them to email me. As i said i need that tax today and it has been 3 hours since MCE woud of opened for business today after having 3 hours yesterday after my phone call to quaity check it
    Any help would be duly appreciated.

    Regards, Dr Newman,MD

    Update: To the person below, thankyou. although i visited my local postoffice and they wont insure without the documents so i need MCE to email me it so i can print it off and show them. And i need it today for family reasons unfortunately so im relying on them so send out my policy as they have said they will do. show more To the person below, thankyou. although i visited my local postoffice and they wont insure without the documents so i need MCE to email me it so i can print it off and show them. And i need it today for family reasons unfortunately so im relying on them so send out my policy as they have said they will do! Thanks for your answer though


    Interviewing your Personal Injury Lawyer: Questions to Ask #interviewing #your #personal #injury


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    Interviewing your Personal Injury Lawyer: Questions to Ask

    Do I need to Interview my Personal Injury Lawyer?

    Before you enlist the services of a personal injury attorney, it is very important that you learn basic information about them. This can be done in an informal interview over the phone and through e-mail, before you hire them.

    You should not hesitate to conduct a thorough interview with the lawyer, since you will be working closely with them. The outcome of your personal injury claim will depend on having a solid client-attorney relationship before any litigation actually begins.

    What information should be obtained from the interview?

    An interview of your potential lawyer should disclose detailed information in two general areas: information related to the lawyer and information related to your personal injury case. Ideally, you should formulate your own interview using a scripted checklist of questions organized around these two themes. To get you started, here are a few common questions:

    Information related to the Lawyer:

    • Background check-
      • What school did the lawyer obtain their law degree from?
      • What state bar associations have they been admitted to?
      • Are they currently in good standing with the state bar? (i.e. not disbarred, no criminal history, has not been subject to discipline)
      • In which jurisdictions are they permitted to appear in court?
      • What is their record of cases won/lost in court?
      • How long have they been practicing in the field of personal injury?
      • Do they have any areas of expertise or special knowledge that might be relevant to your case?
    • Lawyer s role in their firm-
      • Are they a partner, associate, or founding member?
      • Will they be working alone or with a partner or team?
      • Will they be assigning portions of the work to other lawyers?
    • Personal views/conflicts of interest-
      • Do they hold any personal views that might prevent them from effectively arguing your case? (For example, they are financially interested in the case s outcome, etc.)
      • Have they worked on other cases involving matters that are substantially related to your claim, especially for the opposing side?
      • Are they currently representing another party that might be adverse to your claim, such as an insurance company?

    Information related to your PI case:

    • Success in related cases-
      • Has the attorney ever handled a case like yours?
      • What is the rate of success for clients in similar cases?
      • How many have been won and how many have been settled?
      • What is the estimated amount of monetary damages that you will be entitled to receive?
      • Are there any other available remedies, such as an injunction?
    • Fees-
      • Can they give you a ballpark figure of how much the entire case will cost including fees?
      • Will they be working on a contingency fee basis or an hourly rate?
      • Will they accept payment in increments?
      • What forms of payment will they accept?
      • Will they be sharing the fee with another attorney?
    • Projected outcome of your case-
      • Do they know all the various arguments and defenses available for your case?
      • Are they able to anticipate the strengths and weaknesses of the opposing side s arguments?
      • How long will the case take to resolve the dispute? (this may also be related to the overall cost of the suit)
      • Are there any alternatives to litigation, such as mediation or alternative dispute resolution (ADR)?
      • Is there any way to save time and resources by ending the suit quickly, such as through a motion to dismiss?

    These are only general suggestions for possible inquiries- be sure to include any questions or concerns that might be relevant to your specific situation.

    Are there any other considerations?

    Double check the personal injury attorney s credentials and confirm that they are validly licensed to practice law in your jurisdiction. You should also be aware that a court can dismiss an attorney if they have a conflict of interest that would impair their ability to represent you.

    Also, in very limited instances, sometimes an additional attorney is needed. For example, some states allow a client to negotiate a separate, unrelated business contract with their current attorney, in which case another attorney may be needed to mediate the contract.

    Finally, your communication with your lawyer should not end after the initial interview. Make sure that your attorney will stay in communication with you in order to update you with the progress of your case and inform you of any changes. You should be assured that your lawyer will represent you to the fullest extent possible.

    Link to this page


    Quizzing in India: What are some of the best business quiz questions

    #business quiz

    #

    Personally, my favorite questions are those which have me wide-eyed and wondering –Seriously? – when the answer gets revealed. Two that come to my mind:

    1. What will be offered by Kashi Vishwanath temple in association with Shri Prakash Raghuvanshi?

    This was asked by Pickbrain at Tata Corporate Crucible, Gurgaon in Sept 12. Now I have spent the last 4 years in Banaras (location of the temple) and I honestly thought this question lame (I mean could be any offering- clothes, jewellery, left-over temple flowers, exotic sweets). Until the answer was announced:

    Ans: PACKAGED MANURE (1)

    2. X has had over 43 pets including 21 dogs, 12 horses, 3 ponies, 6 cats, a parrot, a chimpanzee, a panda, a lion cub, a giraffe and a zebra.
    AND… 80 careers everything from a rock star to a paleontologist to a presidential candidate.

    Question asked in a school quiz in Dubai several years ago. The guesses ranged from Arnold Schwarzenegger, some Arab Sheikh, Elvis Presley. One team actually came very close to the actual answer with Sarah Palin! (2) Of course, the answer was:

    Hard to pick one, but here are some of my favourites:

    1. In 1928, AT T s Western Electric established a division for the specific purpose of installing and servicing their loudspeakers and electronic products for motion picture use. Called E.R.P.I. (Electrical Research Products, Inc.), it was purchased as part of a consent decree in 1936 by a group of E.R.P.I. executives, including George Carrington, Sr. and Mike Conrow. They changed the name to All Technical Service Company .
    How do we know this company today?

    Ans. Altec ( All Tech ) Lansing.

    2. A person with ___________ is open and available to others, affirming of others, does not feel threatened that others are able and good, for he or she has a proper self-assurance that comes from knowing that he or she belongs in a greater whole and is diminished when others are humiliated or diminished, when others are tortured or oppressed.
    What modern-day product takes its name from the above mentioned philosophy mostly because it is based on the same principle?

    3. Started in 1945 by two friends Burt X and Irv Y. with the merging of their respective individual shops, XY has since become one of the leading companies that sell Z. It is distinctly recognized by its logo which contains a number – signifying the number of varieties of the product it sells.

    Its new logo, revealed in 2005, is hailed by many as one of the most innovative logos of all time for its clever inclusion of the above mentioned number into it.

    Ans: Baskin-Robbins (X-Y) and if you don t know what they sell, I suggest you go out more often.

    A few questions which I really liked.

    1.After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable people for the large number of enterprises that were being established in India as a part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of the University of California. What resulted?

    2. The name of this website stems from a Hindi phrase used on anyone who attempts to achieve the impossible. Started by Wharton graduate Allwin Agnel in 2003, its mascot is named ‘Monsieur Green’. Which website?

    3. The following table gives the exchange rates of a certain currency in three different denominations. Identify what has been blanked out.

    4. In what way is this photo of Lord Pethick Lawrence and Mahatma Gandhi, taken on April 18, 1946 significant to this day? (Question Courtesy: Navin Rajaram )

    5. As a part of the Windows Vista makeover what did Microsoft add to the game Minesweeper (blanked out in the pic shown below) and why?

    6. Shown below is a character from an unique language which caused an outrage from a certain group when it was dropped from Wikipedia’s official logo in 2010.Which Language?

    7. This is Hannah Steller photographed by her older brother, Dustin Steller. The photo was originally uploaded to iStockphoto in August 2005 as a result of which, it made her immensely popular all over the world.
    How/what is she known as?

    8. It was discovered that defects in the sphere from knicks and scrapes of normal use, could provide it with a truer flight than a pure sphere. Thus,makers started creating intentional defects in the surface by hammering to give it an evenly dimpled shape which would cause it to have a more consistent flight. Funda behind what?

    9.This is a letter sent to ‘Lady Gaga’ by the firm she had previously threatened to sue for a certain product. What was the product and the controversy?

    Further to our letter of 9th March, we note that we have not heard back from you or from your client Lady Gaga despite your demands that we respond to your letter by 4.00pm on 9thMarch.

    In fact you have not even confirmed receipt of the letter which was emailed and delivered to you by hand.

    As you will have noted from the contents of that letter, the product your client described as ‘nausea-inducing’ and ‘possibly unfit for human consumption’ was given a clean bill by the authorities last week.

    We are therefore seeking your permission to re-launch our ______ in a way which will not offend, upset or distress your client in any way. As such we are holding a ‘Name the Baby’ competition and asking for the approval of one of the following names.

    10. In an interview to Walter Issacson, when asked about life and death, Steve Jobs said Sometimes I don t. It s 50-50. But ever since I ve had cancer I ve been thinking about it more, and I find myself believing a bit more. Maybe that s because I want to believe in an afterlife, that when you die it doesn t just all disappear. The wisdom you ve accumulated, somehow it just lives on.” He further added that he implemented this philosophy in his products. What feature or rather minimalism was implemented in Apple products because of this?

    ——
    (Please answer in comments. I hope that the answers can be can be worked out by a combination of knowledge and by a few assumptions. I would add the answers after a few people have attempted)

    I would also like to add the biz questions (Twitter, Campbell s Soup, Ambergris and Kit Kat mail) from my answer to What are some of the best quiz questions you ve seen to this list as well.





    ATM FAQ: frequent ATM questions answered #business #cards #cheap

    #atm machine business

    #

    Welcome to the ATM FAQ page

    This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

    ATM FAQ – Frequent ATM Questions

    1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

    2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

    3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

    4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

    5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

    6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

    7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

    8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

    9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

    10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

    Getting Started

    We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

    888-336-4872

    Call to order an ATM to purchase. Call if you have any questions about purchasing an ATM. If you purchased your ATM from ATMmachine.com, call us for service or repairs first. Click the support links above for more choices of ATM help pages to visit.

    1998-2016 S & T Enterprise Group Inc.





    10 Questions to Ask Before Selling Your Business #business #consulting

    #sell my business

    #

    10 Questions to Ask Before Selling Your Business

    If you re thinking about selling your business, think twice. Selling a business should never be a spur-of-the-moment decision, says Curtis Kroeker, group general manager for San Francisco-based BizBuySell.com and BizQuest.com. business-for-sale marketplaces that have an inventory of about 40,000 businesses. You need to figure out things like if you should sell, when is the best time to sell, and what you need to consider before selling, among many other considerations.

    So, should you sell your business? Here are 10 key questions to help you figure it out.

    Is my business ready to sell? Kroeker recommends at least two years of preparation before putting your business on the market. Make sure you can produce two to three years of tax returns that are accurate and show maximum profitability to get the best price for your business, he says. You can t start putting things together the month before you sell.

    How is a buyer going to value my business? Particularly with family ownership, companies sometimes run everything through the business, such as country club dues and car allowances, says Robert Kibby, section head of the corporate and securities group at Dallas-based Munsch Hardt Kopf Harr Attorneys and Counselors. Loading the business with tax write-offs can make you appear less profitable and cause a buyer to undervalue your business.

    Who should be on my team when I sell? It s important for entrepreneurs to figure out whose services will bring them through the sales process and help them get the best price for their business. Do you need an accountant? How about an appraiser, attorney, consultant and business broker? The buyer is typically going to have a good team to go over your business, so you should, too, Kibby says.

    Is it the right time to sell? Many people wait till their business is on the decline to sell. That s the exact opposite of what you should do, says Debbie Allen. a Phoenix-based business and brand strategist and consultant. You want to sell when you are at the top of your game peaked out, she says. Some will say, I m making good money now. Why should I sell? That s thinking like a business owner, not an entrepreneur.

    Is the market right? Before selling, look at current market conditions for your industry. Selling a home improvement business in 2006 showed a pretty good return. Fast forward a couple of years and many roofing, siding, home financing and other housing-related companies had lost a big chunk of their value. I saw companies who turned down an offer in 2005 who couldn t get three-quarters of that price a few years later, says Allan Siposs, a managing director of FMV Capital Markets in Irvine, Calif. which offers services for mergers, acquisitions and divestitures. Wait until market conditions are better to sell.

    Can I cope with the changes on the horizon? Rapidly changing technology, increasing globalization and other business trends can prove too much for some business owners. Keep your eyes trained three or four years down the road, and if you don t believe you can keep up, sell before your failure to adapt catches up with you. Some people find it hard to leave, but if you wait too long, the industry may pass you by, Allen says.

    Can my business thrive without me or without a key customer? If a buyer is concerned that a business is too dependent on the owner or a single customer, he may take his offer elsewhere. A good business can operate when the owner is on vacation and has good revenue diversification, where no one customer represents more than five percent of the business, Siposs says.

    Would I be willing to stay on if the buyer wants me to? Sometimes you can seal a deal by agreeing to stay on in a consulting role for a period of six months. But first, you need to determine whether it s really worth it to you. If you re willing to stay on, it might reduce the risk to the buyer and increase the value of the company, Siposs says.

    What are the potential deal breakers? Unresolved issues can rear their ugly head and interfere with a sale, particularly in areas such as company ownership, accounting and intellectual property rights. For example, an owner may have used a contractor to write software for the company without requiring him to assign his rights to the company. This can create questions about who possesses critical rights, which can scuttle the deal, Kibby says. So, consider what your potential deal breakers are and try to resolve them before you re near to closing a deal.

    Would I consider alternatives to an outright sale? If an outright sale isn t right for you, a CPA or investment banker can help evaluate other options. How about structuring a deal to pass on the ownership to employees through an Employee Stock Ownership Plan (ESOP)? Would you consider selling a percentage of the company to a private equity fund? Or would you do a leveraged recapitalization, which is a loan that puts a portion of the proceeds in your pocket?





    ATM FAQ: frequent ATM questions answered #profitable #businesses

    #atm machine business

    #

    Welcome to the ATM FAQ page

    This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

    ATM FAQ – Frequent ATM Questions

    1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

    2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

    3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

    4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

    5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

    6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

    7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

    8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

    9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

    10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

    Getting Started

    We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

    888-336-4872

    Call to order an ATM to purchase. Call if you have any questions about purchasing an ATM. If you purchased your ATM from ATMmachine.com, call us for service or repairs first. Click the support links above for more choices of ATM help pages to visit.

    1998-2016 S & T Enterprise Group Inc.





    Job Interview Questions and Answers #job #interview #questions,free #interview #answers,interview #advice,job #interviews


    #

    Job Interview
    Questions and Answers

    Know the job interview questions you will be asked and plan your best answers. This is the most effective preparation you can do for your job interview. It builds your confidence and greatly increases your chances of success in the job interview.

    Interviewers typically use a number of standard questions, regardless of the job being interviewed for.

    We discuss these interview questions from the opening “Tell me about yourself” to “Why do you want to leave your job?” and provide advice and insight on how to prepare your own excellent interview answers.

    It’s no secret which are the common questions asked in job interviews.

    How to Prepare for Your Interview

    We include good sample answers to help you prepare your own winning interview answers. Spend some time going through each of these common interview questions, think about how you will answer them and be the best prepared job candidate.

    Use these professional job interviewing techniques to prepare your own answers, practice them out loud, ask your family and friends for feedback and edit as you go. This preparation ensures a skillful interview performance as you present yourself as the right candidate for the job.

    Before your interview

    It is essential to conduct background research on the job and company to develop answers that are relevant and focused. Work through the recommended background research strategies and use the listed resources to gather the information you need before the job interview.

    Interviewers are consistently impressed by candidates who are well informed and able to demonstrate the relevance of their skills and experience in answering a job interview question.

    The behavioral interview

    A large number of interviewers use the behavioral interview to explore a candidate’s job suitability. Develop a good understanding of this type of interview and familiarize yourself with a list of typical behavioral interview questions.

    Go through the behavioral interview answer guidelines to plan expert answers and prove to the interviewer how your skills and abilities best meet the job requirements.

    Tough interview questions

    Gaps in your resume, reasons for leaving previous jobs, questions about the salary you are looking for and other tricky areas can give rise to tough interview questions. Get advice on giving effective and professional job interview answers to these difficult questions.

    Be ready for fun interview questions that seem to have no relevance to your ability to do the job. Many companies use these unusual interview questions to see how you react to the unexpected! Use the sample answers to be ready and calm when faced with these strange questions.

    Inappropriate interview questions

    Illegal job interview questions can pop up anytime during the interview. Become skilled at recognizing these questions and be fully prepared to deal with them in a professional manner.

    The job interview is your greatest opportunity – present yourself as the best candidate. Thorough preparation of job interview questions and answers ensures you are well on your way to success!

    As important as preparing the best answers to common interview questions is knowing the right questions for you to ask the interviewer.

    The candidate who asks insightful and meaningful questions stands out. For recommended examples of good questions to ask in your job interview go to the comprehensive list of questions to ask the interviewer.

    Use the Search Box below to find interview answer advice and help for all interview questions.

    To view job interview questions for specific jobs and use the practical guidelines to prepare your best answers, go to the specific job interview guide for different positions. From accounting to sales jobs, know which interview questions to expect.

    This mock job interview will help you practice your interview technique and be prepared and confident for the real thing.

    Are you preparing for a second interview? Go to second interview questions with answer help.

    Online interviews are becoming more and more popular. Online Interview Questions

    View typical questions for interviews and sample interview answers below.


    ATM FAQ: frequent ATM questions answered #small #business #crm

    #atm machine business

    #

    Welcome to the ATM FAQ page

    This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

    ATM FAQ – Frequent ATM Questions

    1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

    2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

    3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

    4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

    5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

    6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

    7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

    8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

    9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

    10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

    Getting Started

    We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

    888-336-4872

    Call to order an ATM to purchase. Call if you have any questions about purchasing an ATM. If you purchased your ATM from ATMmachine.com, call us for service or repairs first. Click the support links above for more choices of ATM help pages to visit.

    1998-2016 S & T Enterprise Group Inc.





    CMA Courses, Certified Management Accountant #cma, #cma #certification, #cma #exam, #cma #review,


    #

    CMA

    Part 1: Financial Reporting, Planning, Performance and Control

    CMA 1A: External Financial Reporting Decisions (15%)
    • Financial statements; Recognition, measurement, valuation, and disclosure.
    CMA 1B: Planning, Budgeting and Forecasting (30%)
    • Strategic planning; Budgeting concepts; Forecasting techniques; Budget methodologies; Annual profit plan and supporting schedules; Top-level planning and analysis.
    CMA 1C: Performance Management (20%)
    • Cost and variance measures; Responsibility centers and reporting segments; Performance measures.
    CMA 1D: Cost Management (20%)
    • Measurement concepts; Costing systems; Overhead costs; Supply Chain Management; Business process improvement.
    CMA 1E: Internal Controls (15%)
    • Governance, risk, and compliance; Internal auditing; Systems controls and security measures.

    Part 2: Financial Decision Making

    CMA 2A: Financial Statement Analysis (25%)
    • Basic Financial Statement Analysis; Financial Ratios; Profitability Analysis; Special Issues.
    CMA 2B: Corporate Finance (20%)
    • Risk and Return; Long-term financial management; Raising Capital; Working capital management; Corporate restructuring; International finance.
    CMA 2C: Decision Analysis (20%)
    • Cost/Volume/Profit Analysis; Marginal Analysis; Pricing.
    CMA 2D: Risk Management (10%)
    CMA 2E: Investment Decisions (15%)
    • Capital budgeting process; Discounted cash flow analysis; Payback and discounted payback; Risk analysis in capital investment.
    CMA 2F: Professional Ethics (10%)
    • Ethical considerations for management accounting and financial management professionals; Ethical considerations for the organization.

    • Financial Statement Analysis Exam Weight: 25%
    • Corporate Finance Exam Weight: 20%
    • Decision Analysis Exam Weight: 20%
    • Risk Management Exam Weight: 10%
    • Investment Decisions Exam Weight: 5%
    • Professional Ethics Exam Weight: 10%

    The facts in brief

    Length

    You will have 3 hours to complete the multiple choice section and one hour to complete the essays. The essays will be presented after you have completed the multiple choice section of the exam or after 3 hours, whichever comes first.

    Format

    Each exam will consist of 100 multiple choice questions and two 30-minute essay questions.

    Morgan Tips
    • Once you complete the MCQ section of the exam, you can’t go back. You must remain in the essay section to complete the exam.
    • You must answer at least 50% of the MCQs correctly in order to move on to the essay section
    Exam Passing Score:

    The raw score is converted to a uniform scoring system of 0 – 500, and 360 being the passing mark.

    To do list:


    Quizballs 5 Free management and business quiz test questions for quizzes, learning

    #business quiz

    #

    quizballs quiz 5 – tough management questions without answers


    free management and business quiz questions – for team games, learning and fun

    This is a page from the Quizballs zone of the Businessballs website. Quizballs provides free quiz questions and answers for trivia quizzes, team games, pub quizzes, general knowledge, learning and amusement. Use the quiz and questions and answers to suit your purposes, either as a stand-alone quiz, or to cut and paste to make your own quizzes.

    Quizballs accepts no liability for any arguments, lost bets, or otherwise unfortunate consequences arising from any errors contained in these quizzes although quite a lot of effort is made to ensure that questions are clear and answers are correct. Please notify us of any errors, or questions or answers requiring clarification.

    These quizzes are free to use in pub quizzes, trivia quizzes, organisational events and team-building, but are not to be sold or published, which includes not posting them on other websites, thank you.

    These are the quiz questions. Here are the quiz answers with the questions. A link to the quiz answers also follows the questions below.

    see the quizballs.com quizzes website operated by businessballs

    quizballs 5 – tough management and business quiz – free quiz questions

    Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

    1. What psychological methodology does NLP stand for?
    2. David McLelland’s motivational theory identified three principal motivational needs which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs?
    3. Which organisation produces the UK’s ABC1C2 (etc) Social Grade Classifications Statistics?
    4. What does the selling acronym AIDA stand for?
    5. Who developed the ‘Equity Theory’ of job motivation in the 1960’s?
    6. What does the financial abbreviation P L stand for?
    7. Who developed the ten stages of corporate life cycle, starting with Courtship and Infancy and ending in Bureaucracy and Death?
    8. The Ansoff matrix correlates what two aspects of business development from the ‘new’ and ‘existing’ perspectives?
    9. In selling and communications, what do ‘open questions’ generally achieve?
    10. Albert Mehrabian researched and published a now widely referenced set of statistics for the effectiveness of spoken communications relating to feelings and attitudes; what three types of communication did he identify and what percentages for each did he attach to each type in terms of the percentage of meaning (or understanding) that each communication type conveyed from person to person in his study?
    11. In business accounts and financial reporting, expenses which change according to scale of performance or usage or demand are known as what?
    12. What is the name of Ingham and Luft’s model and theory which deals with hidden and open areas of knowledge about a person?
    13. The ‘360 degree’ appraisal method collects feedback from whom, about whom?
    14. What are the four levels of learning evaluation defined in Donald Kirkpatrick’s original four-stage model?
    15. What is the correct ascending order of these human needs according to Maslow’s Hierarchy of Needs: Esteem, Safety, Belongingness and Love, Self-Actualisation, Biological and Physiological?
    16. What part of our brains typically handles process-type functions, according to brain theorists such as Katherine Benziger?
    17. What does the accounting acronym FIFO mean?
    18. One of the most effective and efficient forms of marketing is abbreviated to the initials WOM; what is it?
    19. Bloom’s Taxonomy of Learning Domains divides learning development into three main aspects: Cognitive, Affective and Psychomotor; what might these three aspects of personal development more commonly be called?
    20. Who wrote the Seven Habits of Highly Effective People?
    21. The ‘Big Five’ personality dimensions, by which modern day psychologists believe every person’s personality and behaviour tendencies can be measured are commonly abbreviated to the OCEAN acronym; what does OCEAN stand for?
    22. What are the four metaphorical terms used to describe products/services in Boston Matrix model according to market share and market maturity?
    23. The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
    24. What three important things should be confirmed and understood before conducting a brainstorming ideas session?
    25. What does the SWOT stand for in SWOT analysis?
    26. What are the ‘Four Functional Types’ within Carl Jung’s theory?
    27. With what was the Kyoto Summit concerned?
    28. What are the four sequential stages of the ‘conscious competence’ learning model?
    29. What is the ‘1st Law of Cybernetics’ (also known as the ‘Law of Requisite Variety’)?
    30. What are the four main ‘Temperament’ types called within David Keirsey’s Temperaments personality theory?
    31. According to the Tannenbaum and Schmidt theory relating to leadership, delegation and team development, what must be reduced in order for the team’s area of freedom (and growth) to increase?
    32. What does the financial term ROI stand for?
    33. Whose experiential learning theory comprises the learning styles named: Concrete Experience (feeling); Abstract Conceptualization (thinking); Active Experimentation (doing); and Reflective Observation (watching)?
    34. Daniel Goleman was responsible for popularising and defining what management and behavioural concept in his eponymously titled (ie. the title is also the subject) 1995 book?
    35. What is psychometrics?
    36. What is the management technique that is commonly informally abbreviated to MBWA?
    37. Large size hand-writing generally indicates what characteristics in the personality of the writer?
    38. Since October 2004, UK employers must follow a minimum process of three-stages for handling disputes with employees, including disciplinary and grievance matters; what are the basic minimum three stages required?
    39. Douglas McGregor defined two main styles of management; what did he call them and how are each of the two styles typified?
    40. Bruce Tuckman’s theory about team development uses what four sequential rhyming words to describe the four stages of a group’s progression?
    41. What are Howard Gardner’s seven (original) Multiple Intelligences?
    42. According to Herzberg’s motivational theory, which of these are ‘hygiene needs’ (or ‘maintenance factors’) and which are true ‘motivators’: work conditions, salary, achievement, advancement, work itself, responsibility, company car, status, recognition, and personal growth?
    43. What does VAK stand for in the learning styles theory?
    44. What does the business acronym IPO stand for?
    45. What does the PEST stand for in PEST analysis?
    46. What do ‘open questions’ typically begin with?
    47. What visionary management thinker wrote The Age Of Unreason and The Empty Raincoat?
    48. What are the names of the (nine) Belbin ‘team roles’?
    49. In marketing, what are the The Four P’s?
    50. A lot of the traditional 20th century sales theory and training was influenced by the 1937 book ‘How to Win Friends and Influence People’; who wrote it?

    Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

    quizballs 5 – free management and business quiz answers


    quizballs main page – more free trivia quizzes questions and answers





    10 Questions to Ask Before Selling Your Business #free #business #listings

    #sell my business

    #

    10 Questions to Ask Before Selling Your Business

    If you re thinking about selling your business, think twice. Selling a business should never be a spur-of-the-moment decision, says Curtis Kroeker, group general manager for San Francisco-based BizBuySell.com and BizQuest.com. business-for-sale marketplaces that have an inventory of about 40,000 businesses. You need to figure out things like if you should sell, when is the best time to sell, and what you need to consider before selling, among many other considerations.

    So, should you sell your business? Here are 10 key questions to help you figure it out.

    Is my business ready to sell? Kroeker recommends at least two years of preparation before putting your business on the market. Make sure you can produce two to three years of tax returns that are accurate and show maximum profitability to get the best price for your business, he says. You can t start putting things together the month before you sell.

    How is a buyer going to value my business? Particularly with family ownership, companies sometimes run everything through the business, such as country club dues and car allowances, says Robert Kibby, section head of the corporate and securities group at Dallas-based Munsch Hardt Kopf Harr Attorneys and Counselors. Loading the business with tax write-offs can make you appear less profitable and cause a buyer to undervalue your business.

    Who should be on my team when I sell? It s important for entrepreneurs to figure out whose services will bring them through the sales process and help them get the best price for their business. Do you need an accountant? How about an appraiser, attorney, consultant and business broker? The buyer is typically going to have a good team to go over your business, so you should, too, Kibby says.

    Is it the right time to sell? Many people wait till their business is on the decline to sell. That s the exact opposite of what you should do, says Debbie Allen. a Phoenix-based business and brand strategist and consultant. You want to sell when you are at the top of your game peaked out, she says. Some will say, I m making good money now. Why should I sell? That s thinking like a business owner, not an entrepreneur.

    Is the market right? Before selling, look at current market conditions for your industry. Selling a home improvement business in 2006 showed a pretty good return. Fast forward a couple of years and many roofing, siding, home financing and other housing-related companies had lost a big chunk of their value. I saw companies who turned down an offer in 2005 who couldn t get three-quarters of that price a few years later, says Allan Siposs, a managing director of FMV Capital Markets in Irvine, Calif. which offers services for mergers, acquisitions and divestitures. Wait until market conditions are better to sell.

    Can I cope with the changes on the horizon? Rapidly changing technology, increasing globalization and other business trends can prove too much for some business owners. Keep your eyes trained three or four years down the road, and if you don t believe you can keep up, sell before your failure to adapt catches up with you. Some people find it hard to leave, but if you wait too long, the industry may pass you by, Allen says.

    Can my business thrive without me or without a key customer? If a buyer is concerned that a business is too dependent on the owner or a single customer, he may take his offer elsewhere. A good business can operate when the owner is on vacation and has good revenue diversification, where no one customer represents more than five percent of the business, Siposs says.

    Would I be willing to stay on if the buyer wants me to? Sometimes you can seal a deal by agreeing to stay on in a consulting role for a period of six months. But first, you need to determine whether it s really worth it to you. If you re willing to stay on, it might reduce the risk to the buyer and increase the value of the company, Siposs says.

    What are the potential deal breakers? Unresolved issues can rear their ugly head and interfere with a sale, particularly in areas such as company ownership, accounting and intellectual property rights. For example, an owner may have used a contractor to write software for the company without requiring him to assign his rights to the company. This can create questions about who possesses critical rights, which can scuttle the deal, Kibby says. So, consider what your potential deal breakers are and try to resolve them before you re near to closing a deal.

    Would I consider alternatives to an outright sale? If an outright sale isn t right for you, a CPA or investment banker can help evaluate other options. How about structuring a deal to pass on the ownership to employees through an Employee Stock Ownership Plan (ESOP)? Would you consider selling a percentage of the company to a private equity fund? Or would you do a leveraged recapitalization, which is a loan that puts a portion of the proceeds in your pocket?





    ATM FAQ: frequent ATM questions answered #small #business #start #up

    #atm machine business

    #

    Welcome to the ATM FAQ page

    This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

    ATM FAQ – Frequent ATM Questions

    1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

    2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

    3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

    4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

    5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

    6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

    7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

    8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

    9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

    10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

    Getting Started

    We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

    888-336-4872

    Call to order an ATM to purchase. Call if you have any questions about purchasing an ATM. If you purchased your ATM from ATMmachine.com, call us for service or repairs first. Click the support links above for more choices of ATM help pages to visit.

    1998-2016 S & T Enterprise Group Inc.





    10 Questions to Ask Before Committing to a Business Partner #business #jets

    #business partner

    #

    10 Questions to Ask Before Committing to a Business Partner

    Like a marriage, a business partnership often begins with enthusiasm and high expectations — only to end in acrimony and legal proceedings. It s important to know as much as possible about a potential partner, including how his or her finances and family life may affect the business, before signing on the dotted line.

    Here are some questions to ask before deciding if partnering is a good idea:

    1. What do I need from a business partner?
    You should look for a business partner who brings something different to the table than you do. If you re creative, maybe you need a more detail-oriented partner. If you have money to invest in the business, you may want to look for a partner with access to a market, or with great connections. Or if you re shy, you might need a good people person to balance the equation. If they re similar to you, it might be more comfortable, but it may not be what you need, says William M. Moore, founder of the Moore Firm in San Diego, a law firm that serves entrepreneurs. You need someone who complements your skills and personality.

    2. What is your potential partner s financial situation?
    It is important to have an understanding of someone s financial status and commitments before getting into a venture together. It is tough to ask what they are currently spending on a house or in payments to an ex-spouse, but someone s prior financial commitments shape the decisions they will make in the short term, says Gregory Kratofil, an attorney and shareholder with the law firm Polsinelli Shughart in Kansas City, Mo. who specializes in small business interests. If he has large outstanding obligations, but says he can get by on $35,000 salary, it is a red flag.

    3. What are the potential partner s expectations on the time involved?
    Partners don t have to spend the same amount of time, but it is important that they are on the same page as to each other s expected time commitments. How many hours a day does your partner expect to put into the venture, and do his expectations meet yours? It is equally important to level set your partner s expectations on your time commitments, Kratofil says. The age old adage that it s better to under-promise and over-deliver applies here.

    4. Is your potential partner s commitment to the business as strong as yours?
    I don t care if it s a coffee house or a design firm, the business partner s commitment has to equal yours, says Bob Phibbs, consultant and CEO of The Retail Doctor. a site that provides information to small and medium-sized businesses. A partnership — especially one between friends — can start off with fun and excitement, but within a short time, the slog of every day catches up with you. If they re not as committed to the business as you, they may lose their enthusiasm and may actually be damaging the brand every time you open your doors.

    5. Is there something in your potential partner s family life that might make the business a secondary interest?
    If your potential partner has a pregnant wife or is taking care of an elderly parent, he may be distracted from the business. That s why you have to be brutally honest when thinking of forming a partnership. The partner can say, My wife is behind me 100 percent. But I want to talk to the wife, Phibbs says. If they re too distracted by a family issue or their family isn t behind them, the business may be doomed from the start.

    6. How would he or she handle a tough situation?
    It s important to know what your potential business partner will do if he has his back up against the wall — and it will happen, Phibbs says. The best way to discover this is to look at what he s done in past business ventures. If he couldn t meet payroll, for example: Did he do the right thing and dip into savings or borrow from a credit card or a friend? Or did he pay employees late, or not at all? Or worse, did he skip paying payroll taxes? It all comes down to character issue, Phibbs says, adding, Payroll taxes are a federal obligation. If that s negotiable, you can bet your partnership is also negotiable.

    7. What questions do they have for me?
    If a potential employee doesn t ask any questions in a job interview, you might be less likely to hire him because of a perceived lack of interest. The same applies to a potential business partner, who should want to know about your character, reliability and expectations. I want them to ask me the same tough questions I ask them. If they say it doesn t really matter, it could mean two things: their expectations are too high or they might be kind of flighty, Phibbs says. Things may be fine now, but in a month or two, they may want to change things or even get out of the deal.

    8. What is the potential partner s standing in the community?
    A lot of people seem good at first, but that may be their skill — seeming good at first, Moore says. Once they get their foot in the door, it may be difficult to get them out. Talk to former employees to see what they were like to work with, or for. If you re looking for someone with money connections, verify that they have money. If they say they have great connections, see if those connections go beyond just being recognized and given a slap on the back. A business partnership is not a marriage, but there should be some sort of courtship process that you can verify that they are who they say they are, Moore says.

    9. Are they willing to put everything in writing?
    Many partnerships are cemented with a handshake, but this can be a recipe for disaster. It s crucial to put it on paper — not only what is expected of each partner, but the consequences if expectations aren t met. There s something about actually putting it in writing that exposes the potential problem areas in the partnership, Moore says. If someone has a family emergency and disappears the first six months of the business — even though it may not be through any fault of his own — are you still expected to give that person a certain percentage of the business? If someone simply isn t pulling his or her weight, you need to be able to get them out without destroying the business, he adds. And if it s in writing, there s no arguing it.

    10. Do I really need a partner?
    If you can get someone to do something without giving them a stake in your business, it s always better, Moore says. People get wrapped up in the idea of needing to work with someone, but it s not always a good idea. Sometimes you need somebody to show up from 9-5, work hard and go home, he says, adding. If you re cash poor, or it s a startup and you don t expect to make money right away, taking on a partner might be the better option. But if you can just pay somebody to show up and work, it s generally a better option than giving them a stake in the company.

    And now a bonus question.

    What happens if we can t work it out?
    Most people don t envision the rough times ahead for a new venture, so this question is probably the hardest to remember to ask and the beginning. Yet, the best time to address potential problems with your partner is at the beginning before emotions run high. You can t predict every potential problem, but a good startup lawyer can help you work through some of the common problems and put a framework in place to help address unforeseen circumstances, Kratofil says.





    ATM FAQ: frequent ATM questions answered #small #business #plan

    #atm machine business

    #

    Welcome to the ATM FAQ page

    This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

    ATM FAQ – Frequent ATM Questions

    1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

    2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

    3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

    4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

    5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

    6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

    7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

    8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

    9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

    10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

    Getting Started

    We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

    888-336-4872

    Call to order an ATM to purchase. Call if you have any questions about purchasing an ATM. If you purchased your ATM from ATMmachine.com, call us for service or repairs first. Click the support links above for more choices of ATM help pages to visit.

    1998-2016 S & T Enterprise Group Inc.





    Quizballs 5 Free management and business quiz test questions for quizzes, learning

    #business quiz

    #

    quizballs quiz 5 – tough management questions without answers


    free management and business quiz questions – for team games, learning and fun

    This is a page from the Quizballs zone of the Businessballs website. Quizballs provides free quiz questions and answers for trivia quizzes, team games, pub quizzes, general knowledge, learning and amusement. Use the quiz and questions and answers to suit your purposes, either as a stand-alone quiz, or to cut and paste to make your own quizzes.

    Quizballs accepts no liability for any arguments, lost bets, or otherwise unfortunate consequences arising from any errors contained in these quizzes although quite a lot of effort is made to ensure that questions are clear and answers are correct. Please notify us of any errors, or questions or answers requiring clarification.

    These quizzes are free to use in pub quizzes, trivia quizzes, organisational events and team-building, but are not to be sold or published, which includes not posting them on other websites, thank you.

    These are the quiz questions. Here are the quiz answers with the questions. A link to the quiz answers also follows the questions below.

    see the quizballs.com quizzes website operated by businessballs

    quizballs 5 – tough management and business quiz – free quiz questions

    Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

    1. What psychological methodology does NLP stand for?
    2. David McLelland’s motivational theory identified three principal motivational needs which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs?
    3. Which organisation produces the UK’s ABC1C2 (etc) Social Grade Classifications Statistics?
    4. What does the selling acronym AIDA stand for?
    5. Who developed the ‘Equity Theory’ of job motivation in the 1960’s?
    6. What does the financial abbreviation P L stand for?
    7. Who developed the ten stages of corporate life cycle, starting with Courtship and Infancy and ending in Bureaucracy and Death?
    8. The Ansoff matrix correlates what two aspects of business development from the ‘new’ and ‘existing’ perspectives?
    9. In selling and communications, what do ‘open questions’ generally achieve?
    10. Albert Mehrabian researched and published a now widely referenced set of statistics for the effectiveness of spoken communications relating to feelings and attitudes; what three types of communication did he identify and what percentages for each did he attach to each type in terms of the percentage of meaning (or understanding) that each communication type conveyed from person to person in his study?
    11. In business accounts and financial reporting, expenses which change according to scale of performance or usage or demand are known as what?
    12. What is the name of Ingham and Luft’s model and theory which deals with hidden and open areas of knowledge about a person?
    13. The ‘360 degree’ appraisal method collects feedback from whom, about whom?
    14. What are the four levels of learning evaluation defined in Donald Kirkpatrick’s original four-stage model?
    15. What is the correct ascending order of these human needs according to Maslow’s Hierarchy of Needs: Esteem, Safety, Belongingness and Love, Self-Actualisation, Biological and Physiological?
    16. What part of our brains typically handles process-type functions, according to brain theorists such as Katherine Benziger?
    17. What does the accounting acronym FIFO mean?
    18. One of the most effective and efficient forms of marketing is abbreviated to the initials WOM; what is it?
    19. Bloom’s Taxonomy of Learning Domains divides learning development into three main aspects: Cognitive, Affective and Psychomotor; what might these three aspects of personal development more commonly be called?
    20. Who wrote the Seven Habits of Highly Effective People?
    21. The ‘Big Five’ personality dimensions, by which modern day psychologists believe every person’s personality and behaviour tendencies can be measured are commonly abbreviated to the OCEAN acronym; what does OCEAN stand for?
    22. What are the four metaphorical terms used to describe products/services in Boston Matrix model according to market share and market maturity?
    23. The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
    24. What three important things should be confirmed and understood before conducting a brainstorming ideas session?
    25. What does the SWOT stand for in SWOT analysis?
    26. What are the ‘Four Functional Types’ within Carl Jung’s theory?
    27. With what was the Kyoto Summit concerned?
    28. What are the four sequential stages of the ‘conscious competence’ learning model?
    29. What is the ‘1st Law of Cybernetics’ (also known as the ‘Law of Requisite Variety’)?
    30. What are the four main ‘Temperament’ types called within David Keirsey’s Temperaments personality theory?
    31. According to the Tannenbaum and Schmidt theory relating to leadership, delegation and team development, what must be reduced in order for the team’s area of freedom (and growth) to increase?
    32. What does the financial term ROI stand for?
    33. Whose experiential learning theory comprises the learning styles named: Concrete Experience (feeling); Abstract Conceptualization (thinking); Active Experimentation (doing); and Reflective Observation (watching)?
    34. Daniel Goleman was responsible for popularising and defining what management and behavioural concept in his eponymously titled (ie. the title is also the subject) 1995 book?
    35. What is psychometrics?
    36. What is the management technique that is commonly informally abbreviated to MBWA?
    37. Large size hand-writing generally indicates what characteristics in the personality of the writer?
    38. Since October 2004, UK employers must follow a minimum process of three-stages for handling disputes with employees, including disciplinary and grievance matters; what are the basic minimum three stages required?
    39. Douglas McGregor defined two main styles of management; what did he call them and how are each of the two styles typified?
    40. Bruce Tuckman’s theory about team development uses what four sequential rhyming words to describe the four stages of a group’s progression?
    41. What are Howard Gardner’s seven (original) Multiple Intelligences?
    42. According to Herzberg’s motivational theory, which of these are ‘hygiene needs’ (or ‘maintenance factors’) and which are true ‘motivators’: work conditions, salary, achievement, advancement, work itself, responsibility, company car, status, recognition, and personal growth?
    43. What does VAK stand for in the learning styles theory?
    44. What does the business acronym IPO stand for?
    45. What does the PEST stand for in PEST analysis?
    46. What do ‘open questions’ typically begin with?
    47. What visionary management thinker wrote The Age Of Unreason and The Empty Raincoat?
    48. What are the names of the (nine) Belbin ‘team roles’?
    49. In marketing, what are the The Four P’s?
    50. A lot of the traditional 20th century sales theory and training was influenced by the 1937 book ‘How to Win Friends and Influence People’; who wrote it?

    Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

    quizballs 5 – free management and business quiz answers


    quizballs main page – more free trivia quizzes questions and answers





    Quizballs 5 Free management and business quiz test questions for quizzes, learning

    #business quiz

    #

    quizballs quiz 5 – tough management questions without answers


    free management and business quiz questions – for team games, learning and fun

    This is a page from the Quizballs zone of the Businessballs website. Quizballs provides free quiz questions and answers for trivia quizzes, team games, pub quizzes, general knowledge, learning and amusement. Use the quiz and questions and answers to suit your purposes, either as a stand-alone quiz, or to cut and paste to make your own quizzes.

    Quizballs accepts no liability for any arguments, lost bets, or otherwise unfortunate consequences arising from any errors contained in these quizzes although quite a lot of effort is made to ensure that questions are clear and answers are correct. Please notify us of any errors, or questions or answers requiring clarification.

    These quizzes are free to use in pub quizzes, trivia quizzes, organisational events and team-building, but are not to be sold or published, which includes not posting them on other websites, thank you.

    These are the quiz questions. Here are the quiz answers with the questions. A link to the quiz answers also follows the questions below.

    see the quizballs.com quizzes website operated by businessballs

    quizballs 5 – tough management and business quiz – free quiz questions

    Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

    1. What psychological methodology does NLP stand for?
    2. David McLelland’s motivational theory identified three principal motivational needs which he said each of us possesses to varying degrees, and which characterise our motivational behaviour; what are these three motivational needs?
    3. Which organisation produces the UK’s ABC1C2 (etc) Social Grade Classifications Statistics?
    4. What does the selling acronym AIDA stand for?
    5. Who developed the ‘Equity Theory’ of job motivation in the 1960’s?
    6. What does the financial abbreviation P L stand for?
    7. Who developed the ten stages of corporate life cycle, starting with Courtship and Infancy and ending in Bureaucracy and Death?
    8. The Ansoff matrix correlates what two aspects of business development from the ‘new’ and ‘existing’ perspectives?
    9. In selling and communications, what do ‘open questions’ generally achieve?
    10. Albert Mehrabian researched and published a now widely referenced set of statistics for the effectiveness of spoken communications relating to feelings and attitudes; what three types of communication did he identify and what percentages for each did he attach to each type in terms of the percentage of meaning (or understanding) that each communication type conveyed from person to person in his study?
    11. In business accounts and financial reporting, expenses which change according to scale of performance or usage or demand are known as what?
    12. What is the name of Ingham and Luft’s model and theory which deals with hidden and open areas of knowledge about a person?
    13. The ‘360 degree’ appraisal method collects feedback from whom, about whom?
    14. What are the four levels of learning evaluation defined in Donald Kirkpatrick’s original four-stage model?
    15. What is the correct ascending order of these human needs according to Maslow’s Hierarchy of Needs: Esteem, Safety, Belongingness and Love, Self-Actualisation, Biological and Physiological?
    16. What part of our brains typically handles process-type functions, according to brain theorists such as Katherine Benziger?
    17. What does the accounting acronym FIFO mean?
    18. One of the most effective and efficient forms of marketing is abbreviated to the initials WOM; what is it?
    19. Bloom’s Taxonomy of Learning Domains divides learning development into three main aspects: Cognitive, Affective and Psychomotor; what might these three aspects of personal development more commonly be called?
    20. Who wrote the Seven Habits of Highly Effective People?
    21. The ‘Big Five’ personality dimensions, by which modern day psychologists believe every person’s personality and behaviour tendencies can be measured are commonly abbreviated to the OCEAN acronym; what does OCEAN stand for?
    22. What are the four metaphorical terms used to describe products/services in Boston Matrix model according to market share and market maturity?
    23. The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
    24. What three important things should be confirmed and understood before conducting a brainstorming ideas session?
    25. What does the SWOT stand for in SWOT analysis?
    26. What are the ‘Four Functional Types’ within Carl Jung’s theory?
    27. With what was the Kyoto Summit concerned?
    28. What are the four sequential stages of the ‘conscious competence’ learning model?
    29. What is the ‘1st Law of Cybernetics’ (also known as the ‘Law of Requisite Variety’)?
    30. What are the four main ‘Temperament’ types called within David Keirsey’s Temperaments personality theory?
    31. According to the Tannenbaum and Schmidt theory relating to leadership, delegation and team development, what must be reduced in order for the team’s area of freedom (and growth) to increase?
    32. What does the financial term ROI stand for?
    33. Whose experiential learning theory comprises the learning styles named: Concrete Experience (feeling); Abstract Conceptualization (thinking); Active Experimentation (doing); and Reflective Observation (watching)?
    34. Daniel Goleman was responsible for popularising and defining what management and behavioural concept in his eponymously titled (ie. the title is also the subject) 1995 book?
    35. What is psychometrics?
    36. What is the management technique that is commonly informally abbreviated to MBWA?
    37. Large size hand-writing generally indicates what characteristics in the personality of the writer?
    38. Since October 2004, UK employers must follow a minimum process of three-stages for handling disputes with employees, including disciplinary and grievance matters; what are the basic minimum three stages required?
    39. Douglas McGregor defined two main styles of management; what did he call them and how are each of the two styles typified?
    40. Bruce Tuckman’s theory about team development uses what four sequential rhyming words to describe the four stages of a group’s progression?
    41. What are Howard Gardner’s seven (original) Multiple Intelligences?
    42. According to Herzberg’s motivational theory, which of these are ‘hygiene needs’ (or ‘maintenance factors’) and which are true ‘motivators’: work conditions, salary, achievement, advancement, work itself, responsibility, company car, status, recognition, and personal growth?
    43. What does VAK stand for in the learning styles theory?
    44. What does the business acronym IPO stand for?
    45. What does the PEST stand for in PEST analysis?
    46. What do ‘open questions’ typically begin with?
    47. What visionary management thinker wrote The Age Of Unreason and The Empty Raincoat?
    48. What are the names of the (nine) Belbin ‘team roles’?
    49. In marketing, what are the The Four P’s?
    50. A lot of the traditional 20th century sales theory and training was influenced by the 1937 book ‘How to Win Friends and Influence People’; who wrote it?

    Information about all of these subjects is on the businessballs website. A search tool is at the top of the page.

    quizballs 5 – free management and business quiz answers


    quizballs main page – more free trivia quizzes questions and answers





    ATM FAQ: frequent ATM questions answered #business #coaching

    #atm machine business

    #

    Welcome to the ATM FAQ page

    This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

    ATM FAQ – Frequent ATM Questions

    1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

    2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

    3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

    4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

    5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

    6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

    7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

    8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

    9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

    10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

    Getting Started

    We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

    888-336-4872

    Call to order an ATM to purchase. Call if you have any questions about purchasing an ATM. If you purchased your ATM from ATMmachine.com, call us for service or repairs first. Click the support links above for more choices of ATM help pages to visit.

    1998-2016 S & T Enterprise Group Inc.





    10 Questions to Ask Before Selling Your Business #car #wash #business

    #sell my business

    #

    10 Questions to Ask Before Selling Your Business

    If you re thinking about selling your business, think twice. Selling a business should never be a spur-of-the-moment decision, says Curtis Kroeker, group general manager for San Francisco-based BizBuySell.com and BizQuest.com. business-for-sale marketplaces that have an inventory of about 40,000 businesses. You need to figure out things like if you should sell, when is the best time to sell, and what you need to consider before selling, among many other considerations.

    So, should you sell your business? Here are 10 key questions to help you figure it out.

    Is my business ready to sell? Kroeker recommends at least two years of preparation before putting your business on the market. Make sure you can produce two to three years of tax returns that are accurate and show maximum profitability to get the best price for your business, he says. You can t start putting things together the month before you sell.

    How is a buyer going to value my business? Particularly with family ownership, companies sometimes run everything through the business, such as country club dues and car allowances, says Robert Kibby, section head of the corporate and securities group at Dallas-based Munsch Hardt Kopf Harr Attorneys and Counselors. Loading the business with tax write-offs can make you appear less profitable and cause a buyer to undervalue your business.

    Who should be on my team when I sell? It s important for entrepreneurs to figure out whose services will bring them through the sales process and help them get the best price for their business. Do you need an accountant? How about an appraiser, attorney, consultant and business broker? The buyer is typically going to have a good team to go over your business, so you should, too, Kibby says.

    Is it the right time to sell? Many people wait till their business is on the decline to sell. That s the exact opposite of what you should do, says Debbie Allen. a Phoenix-based business and brand strategist and consultant. You want to sell when you are at the top of your game peaked out, she says. Some will say, I m making good money now. Why should I sell? That s thinking like a business owner, not an entrepreneur.

    Is the market right? Before selling, look at current market conditions for your industry. Selling a home improvement business in 2006 showed a pretty good return. Fast forward a couple of years and many roofing, siding, home financing and other housing-related companies had lost a big chunk of their value. I saw companies who turned down an offer in 2005 who couldn t get three-quarters of that price a few years later, says Allan Siposs, a managing director of FMV Capital Markets in Irvine, Calif. which offers services for mergers, acquisitions and divestitures. Wait until market conditions are better to sell.

    Can I cope with the changes on the horizon? Rapidly changing technology, increasing globalization and other business trends can prove too much for some business owners. Keep your eyes trained three or four years down the road, and if you don t believe you can keep up, sell before your failure to adapt catches up with you. Some people find it hard to leave, but if you wait too long, the industry may pass you by, Allen says.

    Can my business thrive without me or without a key customer? If a buyer is concerned that a business is too dependent on the owner or a single customer, he may take his offer elsewhere. A good business can operate when the owner is on vacation and has good revenue diversification, where no one customer represents more than five percent of the business, Siposs says.

    Would I be willing to stay on if the buyer wants me to? Sometimes you can seal a deal by agreeing to stay on in a consulting role for a period of six months. But first, you need to determine whether it s really worth it to you. If you re willing to stay on, it might reduce the risk to the buyer and increase the value of the company, Siposs says.

    What are the potential deal breakers? Unresolved issues can rear their ugly head and interfere with a sale, particularly in areas such as company ownership, accounting and intellectual property rights. For example, an owner may have used a contractor to write software for the company without requiring him to assign his rights to the company. This can create questions about who possesses critical rights, which can scuttle the deal, Kibby says. So, consider what your potential deal breakers are and try to resolve them before you re near to closing a deal.

    Would I consider alternatives to an outright sale? If an outright sale isn t right for you, a CPA or investment banker can help evaluate other options. How about structuring a deal to pass on the ownership to employees through an Employee Stock Ownership Plan (ESOP)? Would you consider selling a percentage of the company to a private equity fund? Or would you do a leveraged recapitalization, which is a loan that puts a portion of the proceeds in your pocket?





    Quizzing in India: What are some of the best business quiz questions

    #business quiz

    #

    Personally, my favorite questions are those which have me wide-eyed and wondering –Seriously? – when the answer gets revealed. Two that come to my mind:

    1. What will be offered by Kashi Vishwanath temple in association with Shri Prakash Raghuvanshi?

    This was asked by Pickbrain at Tata Corporate Crucible, Gurgaon in Sept 12. Now I have spent the last 4 years in Banaras (location of the temple) and I honestly thought this question lame (I mean could be any offering- clothes, jewellery, left-over temple flowers, exotic sweets). Until the answer was announced:

    Ans: PACKAGED MANURE (1)

    2. X has had over 43 pets including 21 dogs, 12 horses, 3 ponies, 6 cats, a parrot, a chimpanzee, a panda, a lion cub, a giraffe and a zebra.
    AND… 80 careers everything from a rock star to a paleontologist to a presidential candidate.

    Question asked in a school quiz in Dubai several years ago. The guesses ranged from Arnold Schwarzenegger, some Arab Sheikh, Elvis Presley. One team actually came very close to the actual answer with Sarah Palin! (2) Of course, the answer was:

    Hard to pick one, but here are some of my favourites:

    1. In 1928, AT T s Western Electric established a division for the specific purpose of installing and servicing their loudspeakers and electronic products for motion picture use. Called E.R.P.I. (Electrical Research Products, Inc.), it was purchased as part of a consent decree in 1936 by a group of E.R.P.I. executives, including George Carrington, Sr. and Mike Conrow. They changed the name to All Technical Service Company .
    How do we know this company today?

    Ans. Altec ( All Tech ) Lansing.

    2. A person with ___________ is open and available to others, affirming of others, does not feel threatened that others are able and good, for he or she has a proper self-assurance that comes from knowing that he or she belongs in a greater whole and is diminished when others are humiliated or diminished, when others are tortured or oppressed.
    What modern-day product takes its name from the above mentioned philosophy mostly because it is based on the same principle?

    3. Started in 1945 by two friends Burt X and Irv Y. with the merging of their respective individual shops, XY has since become one of the leading companies that sell Z. It is distinctly recognized by its logo which contains a number – signifying the number of varieties of the product it sells.

    Its new logo, revealed in 2005, is hailed by many as one of the most innovative logos of all time for its clever inclusion of the above mentioned number into it.

    Ans: Baskin-Robbins (X-Y) and if you don t know what they sell, I suggest you go out more often.

    A few questions which I really liked.

    1.After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable people for the large number of enterprises that were being established in India as a part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of the University of California. What resulted?

    2. The name of this website stems from a Hindi phrase used on anyone who attempts to achieve the impossible. Started by Wharton graduate Allwin Agnel in 2003, its mascot is named ‘Monsieur Green’. Which website?

    3. The following table gives the exchange rates of a certain currency in three different denominations. Identify what has been blanked out.

    4. In what way is this photo of Lord Pethick Lawrence and Mahatma Gandhi, taken on April 18, 1946 significant to this day? (Question Courtesy: Navin Rajaram )

    5. As a part of the Windows Vista makeover what did Microsoft add to the game Minesweeper (blanked out in the pic shown below) and why?

    6. Shown below is a character from an unique language which caused an outrage from a certain group when it was dropped from Wikipedia’s official logo in 2010.Which Language?

    7. This is Hannah Steller photographed by her older brother, Dustin Steller. The photo was originally uploaded to iStockphoto in August 2005 as a result of which, it made her immensely popular all over the world.
    How/what is she known as?

    8. It was discovered that defects in the sphere from knicks and scrapes of normal use, could provide it with a truer flight than a pure sphere. Thus,makers started creating intentional defects in the surface by hammering to give it an evenly dimpled shape which would cause it to have a more consistent flight. Funda behind what?

    9.This is a letter sent to ‘Lady Gaga’ by the firm she had previously threatened to sue for a certain product. What was the product and the controversy?

    Further to our letter of 9th March, we note that we have not heard back from you or from your client Lady Gaga despite your demands that we respond to your letter by 4.00pm on 9thMarch.

    In fact you have not even confirmed receipt of the letter which was emailed and delivered to you by hand.

    As you will have noted from the contents of that letter, the product your client described as ‘nausea-inducing’ and ‘possibly unfit for human consumption’ was given a clean bill by the authorities last week.

    We are therefore seeking your permission to re-launch our ______ in a way which will not offend, upset or distress your client in any way. As such we are holding a ‘Name the Baby’ competition and asking for the approval of one of the following names.

    10. In an interview to Walter Issacson, when asked about life and death, Steve Jobs said Sometimes I don t. It s 50-50. But ever since I ve had cancer I ve been thinking about it more, and I find myself believing a bit more. Maybe that s because I want to believe in an afterlife, that when you die it doesn t just all disappear. The wisdom you ve accumulated, somehow it just lives on.” He further added that he implemented this philosophy in his products. What feature or rather minimalism was implemented in Apple products because of this?

    ——
    (Please answer in comments. I hope that the answers can be can be worked out by a combination of knowledge and by a few assumptions. I would add the answers after a few people have attempted)

    I would also like to add the biz questions (Twitter, Campbell s Soup, Ambergris and Kit Kat mail) from my answer to What are some of the best quiz questions you ve seen to this list as well.





    ATM FAQ: frequent ATM questions answered #own #your #own #business #ideas

    #atm machine business

    #

    Welcome to the ATM FAQ page

    This is a combination of frequent questions and important information for current ATM owners and new ATM owners. Our intent is to give you as much information about owning and maintaining an ATM as we can. Operating an ATM is usually trouble-free. Replace the money, replace the receipt paper, push a few buttons to access administrative functions, not much to it. But problems can occur. From a Reg E claim, to ATM cash loading mistakes, problems happen, and when they do, you will be glad you bought your ATM from ATMmachine.com call toll free 888-336-4872

    ATM FAQ – Frequent ATM Questions

    1. How much money will I make? We don’t know exactly because it varies from location. It depends on the type of business the machine is located in. It also depends on the standard of living in the area. Where it costs more to live, higher surcharges are tolerated. You will generally pay a higher surcharge in New York City, than in a small town in Iowa. Another variable is how much of a surcharge you set. It’s easy to get a general idea though. Here’s an example: How many people do you think will use your ATM in a month? 100, 300, 500? Let’s say 300 people will use your ATM in one month. Let’s also say you have a $2 surcharge. So, 300 X $2 is $600 a month. Plug in any other figures to get a good idea of your potential. If you have a business that accepts credit cards, you know how high the fees are. An ATM can help lower those fees because you will be conducting less credit card transactions.

    2. How much do your ATMs cost? In general, they start at less than $2200 and go up to $15,000. The best sellers are less than $3000.

    3. Do you have statistics about ATMs? By statistics, we mean those questions asked about revenue potential. All statistics you read on the Internet include bank ATMs. This skews the information towards banking ATMs and the result is mostly irrelevant information when relating to lower volume locations. Most bank ATMs conduct hundreds of transactions per month while some non bank ATM locations are lucky to get to 100. Mix the two statistics together and the results are skewed towards bank ATMs. The only way to know revenue potential is to use this simple formula: number of transactions X amount of surcharge = money made. 300 x $2 = $600 as per the example above. If your machine costs $3000 to purchase with installation, in 5 months the ATM would be paid for.

    4. Where do I get the money to put in the ATM? When you purchase an ATM, you will have to load it with cash for customers to make a transaction withdrawal. You will need to open a business bank account at a bank of your choice to get the money you loaded back by ACH deposits. Go to this same bank and tell them you need bundles of $20 bills to put in an ATM. Most people start with $3000 to $5000. Most ATMs hold around $20,000, although very few ATM owners put that much money in an ATM.

    5. Where does the money go that comes out of the ATM and how do I get it back? When someone uses your ATM, they are accessing their debit or credit card account to get an overnight loan from your ATM. Most ATM owners set a surcharge fee for this convenience. Each ATM has a terminal ID and a bank routing number. When someone takes money out of your ATM, the banking networks know what machine did the transaction through these numbers. That’s how the banking networks also know where to put the money back the next day, through the routing number. Example: All ATMs settle on banking days at 4:00 pm EST. Money taken out of the ATM before 4:00 pm EST will appear in your bank account the next day. Any money taken out after 4:00 pm will appear the day after. Any money taken out after 4:00 pm EST on a Friday will not show up in your bank account until Monday. Saturday and Sundays are not banking days. All surcharge money is deposited into your bank account once a month. All vault cash you load is returned to you via your bank account, usually the following day.

    6. What if I have a problem with my ATM? What if it needs repaired? There are ATM installers and repairmen nationwide. There are also support teams that help troubleshoot any problems before deploying repairmen. We also maintain a database of ATM tech’s nationwide. If you are a certified ATM field tech, fill out our form on the home page.

    7. Can you mail me all the information you have about all of your ATM machines? All of the information we have is included on our web site. Almost every word on each machine’s brochure is included on our web site as well. You can download each machine’s brochure on our brochure page if you like. The link is on the right side of this page. The purpose of this web site is to not have to mail out information. Why wait a week when you can read about it or download it now?

    8. Are there any fees or charges? We have tried to make ATM processing as low cost as possible. There are some small charges that come from ATM processors however. Some administrative functions such as refilling the machine with money, resetting machine totals, etc. require the ATM to dial out to the processor. This basically amounts to a data phone call, and a .03 cent fee. For example, let’s say you filled the machine once a week for a month and reset the total in the machine. The ATM would dial out to the processor 4 times at .03 cents each for a total of .12 cents for the month. There is a $10 network processing fee each month while the ATM is connected to the national network system. That’s about .30 cents a day.

    9. I want an ATM that works on DSL or wireless. Do you sell those? Yes, we sell those. Our recommendation has always been to stick with a standard phone line. However, we are rapidly moving towards recommending wireless technology. As more phone systems switch to digital, an increase in analog devices having problems communicating will occur. DSL and other digital technologies have the advantage of being faster per transaction, but unless you anticipate a waiting line at your ATM, you really do not need the speed of DSL. As with wireless, additional hardware must be purchased and you would need to have knowledge of IP addresses and networking. Also, DSL is prone to brief outages that can prevent an ATM from completing a transaction. It’s so much simpler and cheaper to use a standard phone line. Our recommendation is this: Start off with the standard phone line if one exists. If the ATM can process transactions reliably and without errors, then you are one of the lucky ones. If you have communication errors, or no phone line exists and need one installed, consider a wireless device to take the place of needing a phone line. A wireless device can save hours of troubleshooting ATM communication errors.

    10. Can you find me a business to put my ATM in? I heard you could make money doing that. If you want to start a business placing ATMs in businesses you do not own as an investment venture, we really have no information about how to do that. Some of our customers are established ATM companies and are frequent buyers. Many started out with vending routes. We simply sell ATMs at ATMmachine.com. We are not advisors or start up consultants. (Not enough hours in the day and the pay is lousy!) If you already have an ATM business and need to buy more machines or find a better processor, we can do that. We try and devote all of our time to helping storefront business owners purchase an ATM for their customer’s use.

    Getting Started

    We’re glad you found ATMmachine.com and are having a look around. This page is helpful to read before you buy an ATM. It’s a great place to get started.

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    10 Questions to Ask Before Committing to a Business Partner #business #plan

    #business partner

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    10 Questions to Ask Before Committing to a Business Partner

    Like a marriage, a business partnership often begins with enthusiasm and high expectations — only to end in acrimony and legal proceedings. It s important to know as much as possible about a potential partner, including how his or her finances and family life may affect the business, before signing on the dotted line.

    Here are some questions to ask before deciding if partnering is a good idea:

    1. What do I need from a business partner?
    You should look for a business partner who brings something different to the table than you do. If you re creative, maybe you need a more detail-oriented partner. If you have money to invest in the business, you may want to look for a partner with access to a market, or with great connections. Or if you re shy, you might need a good people person to balance the equation. If they re similar to you, it might be more comfortable, but it may not be what you need, says William M. Moore, founder of the Moore Firm in San Diego, a law firm that serves entrepreneurs. You need someone who complements your skills and personality.

    2. What is your potential partner s financial situation?
    It is important to have an understanding of someone s financial status and commitments before getting into a venture together. It is tough to ask what they are currently spending on a house or in payments to an ex-spouse, but someone s prior financial commitments shape the decisions they will make in the short term, says Gregory Kratofil, an attorney and shareholder with the law firm Polsinelli Shughart in Kansas City, Mo. who specializes in small business interests. If he has large outstanding obligations, but says he can get by on $35,000 salary, it is a red flag.

    3. What are the potential partner s expectations on the time involved?
    Partners don t have to spend the same amount of time, but it is important that they are on the same page as to each other s expected time commitments. How many hours a day does your partner expect to put into the venture, and do his expectations meet yours? It is equally important to level set your partner s expectations on your time commitments, Kratofil says. The age old adage that it s better to under-promise and over-deliver applies here.

    4. Is your potential partner s commitment to the business as strong as yours?
    I don t care if it s a coffee house or a design firm, the business partner s commitment has to equal yours, says Bob Phibbs, consultant and CEO of The Retail Doctor. a site that provides information to small and medium-sized businesses. A partnership — especially one between friends — can start off with fun and excitement, but within a short time, the slog of every day catches up with you. If they re not as committed to the business as you, they may lose their enthusiasm and may actually be damaging the brand every time you open your doors.

    5. Is there something in your potential partner s family life that might make the business a secondary interest?
    If your potential partner has a pregnant wife or is taking care of an elderly parent, he may be distracted from the business. That s why you have to be brutally honest when thinking of forming a partnership. The partner can say, My wife is behind me 100 percent. But I want to talk to the wife, Phibbs says. If they re too distracted by a family issue or their family isn t behind them, the business may be doomed from the start.

    6. How would he or she handle a tough situation?
    It s important to know what your potential business partner will do if he has his back up against the wall — and it will happen, Phibbs says. The best way to discover this is to look at what he s done in past business ventures. If he couldn t meet payroll, for example: Did he do the right thing and dip into savings or borrow from a credit card or a friend? Or did he pay employees late, or not at all? Or worse, did he skip paying payroll taxes? It all comes down to character issue, Phibbs says, adding, Payroll taxes are a federal obligation. If that s negotiable, you can bet your partnership is also negotiable.

    7. What questions do they have for me?
    If a potential employee doesn t ask any questions in a job interview, you might be less likely to hire him because of a perceived lack of interest. The same applies to a potential business partner, who should want to know about your character, reliability and expectations. I want them to ask me the same tough questions I ask them. If they say it doesn t really matter, it could mean two things: their expectations are too high or they might be kind of flighty, Phibbs says. Things may be fine now, but in a month or two, they may want to change things or even get out of the deal.

    8. What is the potential partner s standing in the community?
    A lot of people seem good at first, but that may be their skill — seeming good at first, Moore says. Once they get their foot in the door, it may be difficult to get them out. Talk to former employees to see what they were like to work with, or for. If you re looking for someone with money connections, verify that they have money. If they say they have great connections, see if those connections go beyond just being recognized and given a slap on the back. A business partnership is not a marriage, but there should be some sort of courtship process that you can verify that they are who they say they are, Moore says.

    9. Are they willing to put everything in writing?
    Many partnerships are cemented with a handshake, but this can be a recipe for disaster. It s crucial to put it on paper — not only what is expected of each partner, but the consequences if expectations aren t met. There s something about actually putting it in writing that exposes the potential problem areas in the partnership, Moore says. If someone has a family emergency and disappears the first six months of the business — even though it may not be through any fault of his own — are you still expected to give that person a certain percentage of the business? If someone simply isn t pulling his or her weight, you need to be able to get them out without destroying the business, he adds. And if it s in writing, there s no arguing it.

    10. Do I really need a partner?
    If you can get someone to do something without giving them a stake in your business, it s always better, Moore says. People get wrapped up in the idea of needing to work with someone, but it s not always a good idea. Sometimes you need somebody to show up from 9-5, work hard and go home, he says, adding. If you re cash poor, or it s a startup and you don t expect to make money right away, taking on a partner might be the better option. But if you can just pay somebody to show up and work, it s generally a better option than giving them a stake in the company.

    And now a bonus question.

    What happens if we can t work it out?
    Most people don t envision the rough times ahead for a new venture, so this question is probably the hardest to remember to ask and the beginning. Yet, the best time to address potential problems with your partner is at the beginning before emotions run high. You can t predict every potential problem, but a good startup lawyer can help you work through some of the common problems and put a framework in place to help address unforeseen circumstances, Kratofil says.