How to Talk About Money in Your Family Business – Family Business

#family business

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How to Talk About Money in Your Family Business

“Chains of habit are too light to be felt – until they are too heavy to be broken.” – Warren Buffett

Talking about money within the family business can be uncomfortable and awkward. What’s worse is that everyone knows about it; financial questions and concerns can be at the forefront of everyone’s mind. Few habits are so critical and yet translate so directly to the success of your family business. David Harland. Managing Director of FINH

It is up to the family business leaders to engage their family in these conversations, and to do so with honesty and directly. The early rounds might be difficult, but the end result is a better work environment and easier conversations about other complex issues (such as remuneration or financial agreements). Start early so that you can establish a precedent, make clear the expectations, and deal fairly with others.

Begin with a trusted family advisor – someone to help facilitate difficult conversations – who can project an image of fairness, conscientiousness, and experience.

We often feel that our loved ones know us so well that we don’t have to voice concerns or bring in a third party. It’s the role of the business leader to let go of these assumptions and find a real solution. Communication needs to be clear and open, and this is best when the conversation includes an element of impartiality and specialized knowledge.

It’s unfortunate that so many family businesses start out with an informal management structure and don’t have specific practices and policies for family members. Instead, the structure of the family business is often made up as it goes, which can create an impediment to honest communication later on.

Topics of Conversation Between Members of the Family Business

The family conversation should have goals and should be prepared for, just like any meeting with a non-family business partnerThat also includes having a formal agenda. It’s common to have three levels of interest at play: business issues, family issues, and ownership.

So what you should talk about? Start with family’s history, legacy, and values. The younger a member of the family is introduced to this message, the better. I recommend placing extra emphasis on a multigenerational approach to human capital appreciation.

Chances are that your family has a mix of dominant thinkers and dominant feelers. The thinkers might be more open to the practical realities of business success. Feelers will appreciate the sense of togetherness, shared accomplishment, and appreciation among members of the group. Guide the topics of conversations into those areas where you’re most likely to get buy-in from individual members; other issues can be dealt with more easily afterwards.

Emotion Will Be Part Of It; Deal With Emotion Early

“Select your words carefully. Spoken words may have positive or negative effects, depending on the manner and timing of your speech.” Abdurrahman Bagdadizade Paksoy to his sons, addressing how the Paksoy family was shut out of its own business in 1956

Every business requires emotional decisions and every family brings emotionally charged relationships. These two don’t always mix nicely.

Emotion is a real dynamic that isn’t going away, but it can be dealt with effectively and even harnessed to create a positive dialogue. Use family councils to address family matters. Even if your family members share the same values, they may not share the same vision. If your family runs the risk of starting new battles every time an old one is closed, it’s best to start with outside facilitation early on and stick with it through to the end.

Create a sense of family unity with family stories. Make sure that younger generations can connect to the trials, successes, and anecdotes of the past. Let them speak and take care to actually listen. If less experienced members of the family are eager to bring a “fresh perspective” or innovative new ideas, this is the forum where they get their chance.

Tell a cautionary tale about past business episodes – especially if it has a personal impact. Not only will this help synergize the emotion in the room, but it will help emphasise the importance of properly addressed financial agreements. Just try not to get side-tracked in story land; it’s up to the business leaders to maintain focus on the long-term goal of multi-generational capital accumulation.

Always remember that money is a sensitive issue for many people. You’re likely to run into topics like fairness and competitiveness. These are important, but ultimately dangerous if mishandled because they can re-open old wounds or divert the conversation. Have a plan in place to stay on target.

There’s never a perfect time to talk about family business issues, with one exception: earlier is better. The sooner these conversations start happening, the sooner your family business can develop the type of effective communication that will stand the test of time.

For Advice on communicating about finance in your family business please call FINH 07 3229 7333





Life Coaching Bahrain #life #coaching #in #bahrain,therapy #in #bahrain,online #counselling #dubai,online #life


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Synovial Fluid Analysis #synovial #fluid #analysis, # #2006 #21st #abnormal #abnormally #activities


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Synovial Fluid Analysis

Synovial fluid analysis is a group of tests that examine joint (synovial) fluid. The tests help diagnose and treat joint-related problems.

Alternative Names

Joint fluid analysis; Joint fluid aspiration

How the test is performed

A sample of synovial fluid is needed for this test. Synovial fluid is normally a thick, straw-colored liquid found in small amounts in joints, bursae, and tendon sheaths.

After the area is cleaned, the health care provider will insert a sterile needle through the skin and into the joint space. Once in the joint, fluid is drawn through the needle into a sterile syringe.

The fluid sample is sent to the laboratory. The laboratory technician will check the sample’s color and clarity, and then place it under a microscope to check it for red and white blood cells, crystals (in the case of gout), and bacteria. In addition, there may be a chemical analysis, and if infection is a concern, a sample will be cultured to see if any bacteria grow.

How to prepare for the test

Normally, no special preparation is necessary, but contact your health care provider before the test to make sure. Tell your doctor if you are taking blood thinners, as they can affect test results.

How the test will feel

Occasionally, the health care provider will first inject local anesthesia with a small needle, which will sting. The aspiration is done with a larger needle and may also cause some pain. The procedure usually lasts less than one minute.

Why the test is performed

The test can help diagnose the cause of pain or swelling in joints. Removing the fluid can also help relieve joint pain.

This test may be used to diagnose:

  • Gout
  • Infection
  • Other inflammatory joint conditions
  • Joint injury
  • Osteoarthritis

What abnormal results mean

Abnormal joint fluid may look cloudy or abnormally thick.

Blood in the joint fluid may be a sign of injury inside the joint or a body-wide bleeding problem. An excess amount of normal synovial fluid can also be a sign of osteoarthritis.

What the risks are

  • Infection of the joint — unusual but more common with repeated aspirations
  • Bleeding into the joint space

Special considerations

Ice or cold packs may be applied to the joint for 24 to 36 hours after the test to reduce the swelling and joint pain. Depending on the exact problem, you can probably resume your normal activities after the procedure. Talk to your health care provider to determine what activity is most appropriate for you.

References

Knight JA, Kjeldsberg CR. Cerebrospinal, synovial, and serous body fluids. In: McPherson RA, Pincus MR, eds. Henry’s Clinical Diagnosis and Management by Laboratory Methods. 21st ed. Philadelphia, Pa: Saunders Elsevier; 2006:chap 28.

Review Date: 7/10/2009

The information provided herein should not be used during any medical emergency or for the diagnosis or treatment of any medical condition. A licensed physician should be consulted for diagnosis and treatment of any and all medical conditions. Call 911 for all medical emergencies. Links to other sites are provided for information only — they do not constitute endorsements of those other sites. Copyright 2010 A.D.A.M. Inc. as modified by University of California San Francisco. Any duplication or distribution of the information contained herein is strictly prohibited.

Information developed by A.D.A.M. Inc. regarding tests and test results may not directly correspond with information provided by UCSF Medical Center. Please discuss with your doctor any questions or concerns you may have.

Getting Care


How to Talk About Money in Your Family Business – Family Business

#family business

#

How to Talk About Money in Your Family Business

“Chains of habit are too light to be felt – until they are too heavy to be broken.” – Warren Buffett

Talking about money within the family business can be uncomfortable and awkward. What’s worse is that everyone knows about it; financial questions and concerns can be at the forefront of everyone’s mind. Few habits are so critical and yet translate so directly to the success of your family business. David Harland. Managing Director of FINH

It is up to the family business leaders to engage their family in these conversations, and to do so with honesty and directly. The early rounds might be difficult, but the end result is a better work environment and easier conversations about other complex issues (such as remuneration or financial agreements). Start early so that you can establish a precedent, make clear the expectations, and deal fairly with others.

Begin with a trusted family advisor – someone to help facilitate difficult conversations – who can project an image of fairness, conscientiousness, and experience.

We often feel that our loved ones know us so well that we don’t have to voice concerns or bring in a third party. It’s the role of the business leader to let go of these assumptions and find a real solution. Communication needs to be clear and open, and this is best when the conversation includes an element of impartiality and specialized knowledge.

It’s unfortunate that so many family businesses start out with an informal management structure and don’t have specific practices and policies for family members. Instead, the structure of the family business is often made up as it goes, which can create an impediment to honest communication later on.

Topics of Conversation Between Members of the Family Business

The family conversation should have goals and should be prepared for, just like any meeting with a non-family business partnerThat also includes having a formal agenda. It’s common to have three levels of interest at play: business issues, family issues, and ownership.

So what you should talk about? Start with family’s history, legacy, and values. The younger a member of the family is introduced to this message, the better. I recommend placing extra emphasis on a multigenerational approach to human capital appreciation.

Chances are that your family has a mix of dominant thinkers and dominant feelers. The thinkers might be more open to the practical realities of business success. Feelers will appreciate the sense of togetherness, shared accomplishment, and appreciation among members of the group. Guide the topics of conversations into those areas where you’re most likely to get buy-in from individual members; other issues can be dealt with more easily afterwards.

Emotion Will Be Part Of It; Deal With Emotion Early

“Select your words carefully. Spoken words may have positive or negative effects, depending on the manner and timing of your speech.” Abdurrahman Bagdadizade Paksoy to his sons, addressing how the Paksoy family was shut out of its own business in 1956

Every business requires emotional decisions and every family brings emotionally charged relationships. These two don’t always mix nicely.

Emotion is a real dynamic that isn’t going away, but it can be dealt with effectively and even harnessed to create a positive dialogue. Use family councils to address family matters. Even if your family members share the same values, they may not share the same vision. If your family runs the risk of starting new battles every time an old one is closed, it’s best to start with outside facilitation early on and stick with it through to the end.

Create a sense of family unity with family stories. Make sure that younger generations can connect to the trials, successes, and anecdotes of the past. Let them speak and take care to actually listen. If less experienced members of the family are eager to bring a “fresh perspective” or innovative new ideas, this is the forum where they get their chance.

Tell a cautionary tale about past business episodes – especially if it has a personal impact. Not only will this help synergize the emotion in the room, but it will help emphasise the importance of properly addressed financial agreements. Just try not to get side-tracked in story land; it’s up to the business leaders to maintain focus on the long-term goal of multi-generational capital accumulation.

Always remember that money is a sensitive issue for many people. You’re likely to run into topics like fairness and competitiveness. These are important, but ultimately dangerous if mishandled because they can re-open old wounds or divert the conversation. Have a plan in place to stay on target.

There’s never a perfect time to talk about family business issues, with one exception: earlier is better. The sooner these conversations start happening, the sooner your family business can develop the type of effective communication that will stand the test of time.

For Advice on communicating about finance in your family business please call FINH 07 3229 7333





10 handy Skype tips and tricks #push #to #talk #on #skype


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TechRadar pro

10 handy Skype tips and tricks

Skype lets you make free PC-to-PC calls anywhere in the world.

With a subscription, you can also make calls to external phones and receive phone calls using an online number.

The following Skype tips and tricks will help you make the most of the service.

1. Test your kit

The Skype welcome screen features a handy shortcut for testing your sound devices. Click ‘Check your sound works’, then click the button to test each device – speakers, microphone and video (if applicable) – in turn.

If the test fails, Skype will make some basic suggestions to remedy the problem, like making sure your headset port (typically the front mic) is selected as the default device. Follow the instructions to see if you can fix the problem.

Skype will offer to make a test call for you – you’ll dial a number, hear a female voice and then attempt to record a message. This will let you check the sound quality of your microphone and ensure it’s at the right volume.

Skype automatically adjusts your mic and headphone’s volume to try to fix potential problems, but you can also tweak these settings yourself by selecting ‘Tools | Settings | Audio settings’. You can click ‘Show advanced options’ to set default devices.

2. Try Bluetooth

Skype works with any microphone, speakers or headphones provided they’re properly installed. This includes Bluetooth headsets as long as your computer has a Bluetooth receiver.

With your PC’s Bluetooth receiver switched on and your headset in pairing mode, double-click the Bluetooth icon that appears in the notification area of the taskbar and click ‘Add’ under ‘Devices’. Tick ‘My device is set up and ready to be found’, then click ‘Next’.

Wait while Windows tries to locate the headset. When it appears in the list, select it and click ‘Next’. Select the appropriate settings according to your headset’s manual and, if necessary, enter the passkey. Click ‘Next’ to see the device connected and set up, then click ‘Finish’.

3. Import contacts

Having a full list of contacts saved in Skype will make setting up calls a much simpler process. You can add an individual contact by choosing ‘Contacts | Add a contact’, then entering the relevant information manually.

If the person you’re contacting is already on Skype, he or she will receive a contact request, but you can also import multiple contacts from a list or from an existing webmail or Facebook account.

Choose ‘Contacts | Import contacts’. Now select the type of account you want to import from and provide your username and password to connect to that service and transfer the data.

If any of these people already have Skype accounts associated with their email addresses, they will be listed. Click ‘Add those contacts’ to send them a contact request. Names and phone numbers will be stored for you anyway.

4. Instant messaging

When you’re signed into Skype, it can act as an instant messaging program similar to Yahoo or Windows Live Messenger. You can exchange text messages with online contacts or move to an audio call at any time.

Just select an online contact, type in your message and click ‘Send’ to start a conversation. In your settings you can choose whether other users can see an animated pencil while you’re typing something.

You can also set Skype to receive messages from people in your contact list only, and you can opt to keep a history of all your conversations. Choose ‘Tools | Options’ and move to the ‘IM and SMS’ tab before clicking ‘Show advanced options’. You can now change any of these settings to suit your preferences.

5. Start with Windows

By default, Skype is set to start when Windows launches. This is handy if you want to be available to talk at all times, but it can be an irritant if you need to get on with some important work without any interruptions. You can set Skype to only launch when you open it, by choosing ‘Tools | Options | General settings’ and clearing the box marked ‘Start Skype when I start Windows’. Click ‘Save’.

While here, you can also set the visual style of Skype. By default this is the Skype style, but you can choose Classic Windows instead. You can change the default sounds used by Skype by clicking the ‘Sounds’ icon and selecting the sound that you want to use.

6. Online number

To make calls to phones, you need to buy a Skype subscription or Skype credit. Click ‘Skype | Account’, then ‘Buy more credit’ or ‘Get a subscription’.

Most subscriptions give you a number that lets people call you on Skype from landlines. Start by choosing ‘Online number’ and clicking ‘Set up now’. Pick a country from the list – people calling you from that country are charged local rates, so it’s perfect for keeping in touch with friends and family abroad.

There’s a limited number of area codes available, so pick the one closest to you and then click one of the suggested numbers or try to pick one of your choice. Untick the box if you don’t want this number to be displayed when you call phones through Skype, then click ‘Activate number’.

7. Answer message

You can set up your voicemail to take messages when you aren’t online. To do this choose ‘Tools | Options | Calls | Show advanced options’. Now select ‘Voicemail’ from the left-hand pane. Tick the box marked ‘Send unanswered calls to voicemail’. Click the ‘Record’ button and use your microphone to record your outgoing message.

If you don’t record a message, a default one will be used instead, but it makes sense to record your own to give a more personal impression. You can also opt to send calls to voicemail if you reject an incoming call or if you’re already on a call by ticking the relevant options. Finally, click ‘Save’ to store these settings.

8. Get extras

Extras let you add more functions to Skype via plugins. In the latest version of Skype the Extras Manager is disabled by default, so when you choose the Tools menu, the ‘Extras’ option is greyed out.

If this is the case, you need to uninstall and then reinstall Skype. Download the version of Skype provided on the Extras page. This is a slightly older version of the program. While the software is installing, click ‘Options’ on the Hello screen, tick ‘Install Skype Extras Manager’ and click ‘I agree – Install’.

Once complete, sign back into Skype and choose ‘Tools | Extras | Get extras’. Browse through the catalogue of extras and click the green button next to one to install it.

Some extras let you share a whiteboard or play games with people on your Skype contact list, while others provide handy recording facilities.

9. Recording calls

One such extra is MP3 Skype Recorder. This is a free program that automatically records all your Skype audio conversations and saves them in MP3 format. It can cover Skype-to-Skype calls and SkypeOut calls to a landline. It sits in the system tray monitoring Skype and starts recording automatically when you make a call.

You’ll need to inform any other participants in the call that it’s being recorded, especially if you plan to rely upon the recording later on. Each call is saved as a separate MP3 file and stored in the default save location.

MP3 Skype Recorder is even capable of recording multiple calls that take place at the same time while one of the calls is on hold.

10. Skype button

You can add a Skype button to your website or blog that lets visitors know if you’re online. If they have Skype installed on their PC, they can call you with a single click. You can even add the button to an email signature so that the recipient of any of your mails can quickly click it to call you to discuss the contents of the email.

Get your own Skype button and enter your username. Select the button style that you want to use from those provided. Once you’ve provided these details, a preview of your button will be shown below them and alongside it the embed code that you can include in a web page or email. Copy and paste this code as HTML source into your website or email signature file.


Compare long distance phone plans, providers, services, rates #long #distance,compare #phone #service,compare


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Save on Long Distance Calls

There are a few choices to consider when looking for a long distance plan. First, decide what method of calling you will need to use primarily.

VoIP

Voice Over Internet Protocol, commonly referred to as VoIP, is a digital binary service that allows you to make calls over the internet by accessing a modem. This service is great for people who do a lot of long distance calling. Fees are extremely low, averaging between $5 and $15 per month. The downsides to VoIP are very few, but obviously you need to have a computer, as well as high speed internet. Your call quality will only be as good as your internet connection. If you are looking for a low cost, convenient alternative, VoIP can suit your needs.

Calling Cards

If you prefer to use more traditional calling methods, calling cards are another option that allows you to pay for the amount of long distance calling you wish to do. You simply dial the 800 number on the card prior to the long distance number you wish to reach. Many calling card companies have very low rates, some less than one cent per minute.

Dial Around Service

Another lesser known method of long distance calling is a service known as Dial Around. Dial Around companies provide you with, as the name suggests, a method of dialing around your current provider to reach your destination long distance provider. Though it sounds somewhat confusing, it is actually quite simple. You first dial the company’s number, usually composed of seven digits (usually something like 10-10-220 or 10-10-321) and then you dial the destination number. Just as with calling cards, your own service provider only charges you for the call made to the Dial Around company. While these services were at the height of their popularity in the 1990’s, they have lost popularity due to generally having higher fees than other alternatives such as calling cards and VOIP.

Bundles

If you have cable television and internet, many companies offer discounted rates for long distance calling. Some even offer a very low rate in order to get new customers to sign up; however, make sure that you know the terms of the agreement regarding what the rates will be after your introductory price is over.

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How to Talk About Money in Your Family Business – Family Business

#family business

#

How to Talk About Money in Your Family Business

“Chains of habit are too light to be felt – until they are too heavy to be broken.” – Warren Buffett

Talking about money within the family business can be uncomfortable and awkward. What’s worse is that everyone knows about it; financial questions and concerns can be at the forefront of everyone’s mind. Few habits are so critical and yet translate so directly to the success of your family business. David Harland. Managing Director of FINH

It is up to the family business leaders to engage their family in these conversations, and to do so with honesty and directly. The early rounds might be difficult, but the end result is a better work environment and easier conversations about other complex issues (such as remuneration or financial agreements). Start early so that you can establish a precedent, make clear the expectations, and deal fairly with others.

Begin with a trusted family advisor – someone to help facilitate difficult conversations – who can project an image of fairness, conscientiousness, and experience.

We often feel that our loved ones know us so well that we don’t have to voice concerns or bring in a third party. It’s the role of the business leader to let go of these assumptions and find a real solution. Communication needs to be clear and open, and this is best when the conversation includes an element of impartiality and specialized knowledge.

It’s unfortunate that so many family businesses start out with an informal management structure and don’t have specific practices and policies for family members. Instead, the structure of the family business is often made up as it goes, which can create an impediment to honest communication later on.

Topics of Conversation Between Members of the Family Business

The family conversation should have goals and should be prepared for, just like any meeting with a non-family business partnerThat also includes having a formal agenda. It’s common to have three levels of interest at play: business issues, family issues, and ownership.

So what you should talk about? Start with family’s history, legacy, and values. The younger a member of the family is introduced to this message, the better. I recommend placing extra emphasis on a multigenerational approach to human capital appreciation.

Chances are that your family has a mix of dominant thinkers and dominant feelers. The thinkers might be more open to the practical realities of business success. Feelers will appreciate the sense of togetherness, shared accomplishment, and appreciation among members of the group. Guide the topics of conversations into those areas where you’re most likely to get buy-in from individual members; other issues can be dealt with more easily afterwards.

Emotion Will Be Part Of It; Deal With Emotion Early

“Select your words carefully. Spoken words may have positive or negative effects, depending on the manner and timing of your speech.” Abdurrahman Bagdadizade Paksoy to his sons, addressing how the Paksoy family was shut out of its own business in 1956

Every business requires emotional decisions and every family brings emotionally charged relationships. These two don’t always mix nicely.

Emotion is a real dynamic that isn’t going away, but it can be dealt with effectively and even harnessed to create a positive dialogue. Use family councils to address family matters. Even if your family members share the same values, they may not share the same vision. If your family runs the risk of starting new battles every time an old one is closed, it’s best to start with outside facilitation early on and stick with it through to the end.

Create a sense of family unity with family stories. Make sure that younger generations can connect to the trials, successes, and anecdotes of the past. Let them speak and take care to actually listen. If less experienced members of the family are eager to bring a “fresh perspective” or innovative new ideas, this is the forum where they get their chance.

Tell a cautionary tale about past business episodes – especially if it has a personal impact. Not only will this help synergize the emotion in the room, but it will help emphasise the importance of properly addressed financial agreements. Just try not to get side-tracked in story land; it’s up to the business leaders to maintain focus on the long-term goal of multi-generational capital accumulation.

Always remember that money is a sensitive issue for many people. You’re likely to run into topics like fairness and competitiveness. These are important, but ultimately dangerous if mishandled because they can re-open old wounds or divert the conversation. Have a plan in place to stay on target.

There’s never a perfect time to talk about family business issues, with one exception: earlier is better. The sooner these conversations start happening, the sooner your family business can develop the type of effective communication that will stand the test of time.

For Advice on communicating about finance in your family business please call FINH 07 3229 7333