We’re pretty sure there was a time when you became a party to a transaction, either as a payee or a payer. Of course, as a payment, it is preferable to receive cash, since you are sure that your payment was delivered to you in full without any further action on your part. Now, like paying, writing a check is much more convenient, especially for substantial transactions, since you wouldn’t have to worry about carrying cash and making sure all your expenses are accounted for and debited, down to the last penny.

It’s great if all transactions went smoothly. However, both parties make and receive payment in good faith. But what if you were scammed by someone you made the mistake of trusting? Or what if you wrote a check as a show of good faith to close a deal, but at the time of writing, the account had insufficient funds and you made a mental note to replenish the account as soon as you were paid. Unfortunately, he later notices that his check bounced.

The above cases have cropped up over the years and have caused an unfortunate chain reaction that led to the filing of one or both of the following cases: Robas Pambasa (BP) 22 Fraud and Violation or the Bounced Check Act.

Scam by Issuing Bad Checks

The crime of Fraud is penalized in the Reformed Penal Code. You can be found guilty of Fraud by issuing a bad check under false pretenses or fraudulent acts carried out prior to or simultaneously with the commission of the fraud:

“For postdating a check, or issuing a check in payment of an obligation when the offender had no funds in the bank, or the funds deposited in it were not sufficient to cover the amount of the check. (Article 315(2)(d) of the Revised Penal Code as amended by RA 4885)”

How can a person be found guilty of fraud?

According to the RPC, the following elements are necessary to convict a person of Fraud:

1. Postdating or issuance of a check in payment of an obligation contracted at the time of issuance of the check

2. Insufficient funds to cover the check, and

3. Damage to the beneficiary thereof.

The most important element here is the damage done. In the absence of any of the following elements, a person cannot be held responsible for Fraud.

Case in point:

Andres owns and operates a commercial goods business and purchased merchandise from Bonifacio and wrote a bad check in consideration of the goods received.

In this scenario, Andrés may be liable for Scam because he wrote a check knowing that he did not have sufficient funds to pay for the items he purchased from Bonifacio. The check bounced here was issued with fraudulent intent.

Bad Check Law (BP 22)

Unlike Scam, which is based on the RPC, BP ​​22 is promulgated through a special law. A person can be charged with a violation of BP 22 when he commits the following acts:

1. Make or draw and issue any check to apply to an account or value, knowing at the time of issuance that you do not have sufficient funds or credit in the issued bank for the payment of said check in its entirety at the time of its presentation, that the check is subsequently rejected by the drawn bank for insufficient funds or credit or would have been rejected for the same reason if the drawer, without any valid reason, had not ordered the bank to stop payment;

2. Having sufficient funds or credit in the bank issued when you make or draw and issue a check, you will cease to maintain sufficient funds or credit to cover the full amount of the check if it is presented within a period of ninety (90) days counted from the date it appears on it, so it is disregarded by the drawee bank.

How can a person be convicted of a violation of BP 22?

A violation of BP 22 can be brought against any person when the following are present:

1. Preparation, drawing and issuance of any check to request on account or value;

2. Knowledge of the drawer, drawer or issuer that at the time of issuance he does not have sufficient funds or credit in the drawn bank for the payment of said check in its entirety at the time of its presentation; and

3. Lack of subsequent payment of the check by the bank drawn due to insufficient funds or credit or lack of payment for the same reason if the drawer, without just cause, had not ordered the bank to suspend payment.

The same with Scam, the presence of all these requirements is important. Otherwise, the BP 22 charge will not apply. Note that knowledge of insufficient funds is presumed when it is proven that the issuer received a notice of non-payment and that within 5 days of receipt of the notice, did not pay the amount of the check or make arrangements for its payment. Furthermore, in BP 22, good faith is irrelevant. That is, the issuance of a bad check by the mother already consumes the crime.

Using the same example above, Andrés can also be charged with BP 22 Violation, in addition to Fraud, because the BP 22 cases also cover the issuance of bad checks for the amount received.

Where is the disparity?

It is a scam when, among other things, you issue a bad check with fraudulent intent in exchange for something of value you received. Here the intention is material and good faith can be used as a defense.

It is a BP 22 Violation case when you write a bad check, whether or not it is due to an obligation you incurred before the check was issued or not. Simply put, you are responsible for BP 22 whether or not you write a check for a present obligation.

Are you interested in selling sports equipment online? What kind of sports equipment can you sell in your retail store? The answer is anything! The real trick to getting buyers to click the buy or order now button is to sell things that interest you or that you have extensive knowledge of.

LEVEL UP WITH YOUR CUSTOMERS
In sports, you have to know the products you sell. There are some buyers who would ask about the special features of the products you sell. If you can’t answer their questions, buyers are likely to look for another seller who can meet their needs. Buyers would want someone they can ask for suggestions or advice on what is best or most appropriate for their gaming needs.

BADMINTON PRODUCTS THAT ARE IN DEMAND
Badminton is one of the sports that has been gaining popularity on the courts. If you are a badminton enthusiast, then this is the right niche for you. Like any other sport, badminton has a huge line of products that you can trade. Here is a list of badminton products that are in demand online:

1. Extortion
2. Thongs
3. Cuffs
4. Ruffles
5. Badminton bags
6. Badminton shoes
7. Clothes
8. net
9. Badminton sets

Badminton has also been widely recognized because it can be played by any age group, in singles or doubles, on badminton courts, and sometimes even on the street. This fad has increased the demand for sports-related equipment, accessories, clothing, shoes, and nutritional products. You can choose to directly ship your products for your selling advantage.

DROP SHIPPING BADMINTON EQUIPMENT
When you already have a buyer for a particular item, that is the only time you need to place an order with the drop shipping company. The benefit of drop shipping your badminton gear can do many wonders for your business. You can call and order your items from direct carriers and it’s all done for you.

When shipping drop-shipping, be sure to keep these important notes in mind:

– Provide your shipper with specific details of the item you are purchasing;
– Determine all costs involved and negotiate to get a cheap deal from your direct carrier;
– Know the payment terms of your dropshipper;
– Provide your drop shipper with your customer’s full contact details;
– Make sure your drop shipper delivers the item to your customer on time; and,
– Most importantly, beware of people claiming to be dropshippers.

At Salehoo, you can have access to a wide selection of suppliers including wholesalers, distributors, manufacturers, and shippers who can supply your badminton products at a really cheap price. Their suppliers also carry the best brands of their badminton equipment and accessories and everything is made easier for you with just a click of the mouse. At such a reasonable price, Salehoo offers its directory listing for a one-time payment only.

Because the value of fine art and antiques is based on both authenticity and condition, good documentation is essential. Can you imagine owning an original Picasso valued at $2 million, with no documentation, and trying to get that amount from the insurance adjuster after it’s stolen?

Another problem common to fine art and antiques is valuation. Replacing this type of property is usually not even possible. What is the replacement cost of a Picasso? What is the replacement cost of your antique hand-carved table? Even if it can be replaced with a new, identical table, does its historical value often not exceed, sometimes far exceed, the value of a new table?

Because replacement cost coverage simply does not apply to these types of items, most insurance policies now settle for these losses at the market value at the time of loss. That’s good news for you. The bad news is that the burden of documenting what you have falls entirely on your shoulders. Another difficulty with insuring this type of property is that the value can increase while your coverage remains static, especially if you schedule the items. With each passing year, your coverage becomes more and more inadequate.

So how can you solve documentation and valuation problems for your fine art and antiques, and still be protected against underinsurance due to inflation? You can choose between two types of insurance: schedule or not schedule.

Scheduling is the strategy used and recommended exclusively by the insurance industry to insure this type of property. It requires you to document what you have at the time you insure it by providing a credible appraisal and often a photograph. The item is then scheduled for the appraised amount and an additional premium is charged.

These are the advantages of scheduling your works of art and antiques:

• The documentation problem is solved before any claim. Items on the list are valued at their market value.
• Most fine art-only insurers include settlement amount coverage (meaning they pay you the scheduled amount for a theft or no-value total loss).
• You have the option of adding glass breakage and other breakable items to the schedule. If breakage is a big concern, scheduling the item with breakage coverage is the best course of action.

Scheduling leaves you vulnerable to the problem of inflation, unless you’re willing to incur the time, expense, and inconvenience of reappraisals nearly every year.

The second insurance strategy is one that I devised for my clients in order to solve the problem of inflation without the hassle and expense of reappraisals. It has three parts and works only if your homeowners policy has no dollar limits for paintings, collectibles, and antiques. Very few homeowners policies have a dollar limit on these items, but be sure to check yours just in case.

Here are the three parts:

• Purchase the optional special risk coverage rider for your personal property. Increases the total cost of homeownership by 10 to 15 percent and provides coverage for any accidental loss, except for some exclusions. Covers losses not covered by a basic homeowners policy, such as paint spills on your old carpet or piano, water damage to your paintings or antiques from a leaky roof, etc. It has very extensive coverages, not only on fine art and antiques, but also for all your other belongings.
• Increase the total homeowner’s limit for Coverage C (Personal Property) high enough to cover all of these valuables, as well as all of your other personal property. Most homeowners total loss policies don’t have enough contents coverage to pay for all these treasures and all your other belongings.
• Get photos of everything and appraisals on all items where authenticity is vital to settling a claim. Store photos away from home, at work, or in a safe deposit box. If you fail to store this critical documentation off-site, this strategy will fail and you will be extremely disappointed at the time of claim.

With this method, you don’t need to get regular evaluations. When you have a claim and need a current appraisal to document the value of the claim, take your original appraisals with photos to a dealer or appraiser. A hidden benefit of this method: The insurance company fully pays the cost of the valuation as a loss adjustment expense!

Here are my bottom-line insurance recommendations for insuring fine art, collectibles, and antiques:

• For high-end pieces (ex: expensive paintings), especially if you can get your appraiser to agree to send you annual value updates, I recommend scheduling. Scheduling fine art makes it much easier to settle claims, with no arguments about value, unlike no scheduling, where you have to prove the authenticity and value of what you lost.
• For glassware or other highly fragile items, including antique glass, I recommend making an appointment if you want breakage coverage. Remember to add optional breakage coverage to the policy when you schedule.
• For most other treasures, I recommend the three-part plan, but only if you keep the necessary paperwork faithfully away from home.

If you have any type of property that is very valuable and can be stolen, such as jewelry or fine paintings, install a central burglar and fire alarm. Installation costs are typically $200 or less. The monthly cost to monitor the alarm is around $30. Reduce the risk of losing an irreplaceable treasure and receive a 10 to 20 percent discount on your home bill.

Finding the right group health plan for your business can be downright intimidating: reviewing lists of insurance companies and plans; check and recheck the dollars and totals of deductibles and copays; make sense of plan limitations and exclusions; deciphering the value of a dictionary of insurance jargon. It’s enough to make anyone feel like a high school freshman again.

Texas insurance law allows for a wide range of health care coverage plans and packages. All group health insurance has its limitations and finding the right employee health plan at the right price can be challenging.

In Texas, the term “small employer” is a special insurance designation reserved for businesses with two to 50 eligible employees. The law provides some additional protections to these businesses, including a 15 percent annual cap on rate increases due to health factors, a state-enforced guarantee that providers cannot arbitrarily discontinue coverage, and a purchase provision. cooperative that allows small employers to pool their purchasing influence to negotiate lower rates.

For employees of small businesses in Dallas, Houston and throughout Texas, the law provides several ways to maintain benefits after leaving a job and limits the waiting period before pre-existing conditions are covered.

Beyond these requirements, small employer insurance companies can offer a wide variety of plans, with virtually any combination of features and benefits.

Small Business Coverage Eligibility

Texas businesses with between two and 50 eligible employees can get small employer coverage from a traditional insurance company or from a health maintenance organization (HMO). Eligible employees are defined as those who normally work at least 30 hours per week; are not classified as temporary, part-time, or seasonal; and are not already covered by another group health plan. Owners of a business count toward total employees.

The number of eligible employees, not total employees, determines whether a business is considered a small employer under Texas insurance law. For example, if your business has 60 total employees, you might still qualify if six of the workers are part-time and four have coverage through some other source, such as a spouse’s plan.

If you choose to offer a group health plan to your employees, you must make it available to all of your eligible employees and their dependents alike.

Coverage is available under a small employer health benefit plan if at least 75 percent of the eligible employees of a small employer elect to be covered. Carriers should always “round up” when calculating the percentage. For example, a five-person company with only three employees willing to participate satisfies a 75 percent requirement, rounded up.

However, in the case of a business with only two eligible employees, 100 percent participation is required by law. A husband and wife working in a business must be counted as two separate employees. Neither employee is eligible for coverage as a dependent of the other.

If you provide a health plan, state regulations and a federal law called COBRA (Consolidated Omnibus Budget Reconciliation Act) allow employees to keep benefits for a period of time after job separation. It is your legal responsibility to inform employees of their rights to continue coverage. Former employees who choose to continue their coverage through COBRA or state continuation must pay the full cost of the plan. You are not required to contribute to your premiums, even if you previously paid a portion. Ask your insurance company for details about its liability to former employees.

Types of Plans Offered

Health plans are classified as “state-mandated plans” or “consumer choice plans.” A state-mandated plan provides certain features and minimum required coverages. A consumer choice plan is any plan developed by a provider that excludes some state-mandated benefits. Consumer Choice plans that do not include all state-mandated coverages will generally save you money on your monthly premium.

Although Consumer Choice plans are sometimes called “standard plans,” be careful not to interpret the term to mean that the coverages provided are “standardized.” Each provider’s consumer choice plan may be different, and a provider may offer several different consumer choice plans.

Some state-mandated benefits continue to be required for consumer choice plans, including coverages for:

* Phenylketonuria treatment, if prescription drugs are covered.

* Pregnancy complications.

*Minimum hospital stay after labor (required by federal mandate).

* Reconstructive surgery after a mastectomy (federally required).

Consumer Choice plans can vary depending on the type of provider offering the plan. For example, Consumer Choice HMO plans must pay for 20 mental health outpatient visits per member per year, but that’s not a requirement in indemnity plans. Also, unlike insurance companies, Consumer Choice HMO plans must include basic health care services, such as preventive, inpatient and outpatient services. Providers may offer optional benefits that vary widely from plan to plan.

You don’t have time for all this research and number crunching. But can you really afford to leave it on your “maybe someday” list? As the cost of health care rises, the risks of not having health insurance are more apparent than ever. Today, a single injury or illness, if uninsured, can leave a family in financial ruin. In addition, health coverage is a key benefit of employment. You may not be able to hire and keep the best employees without offering it.

Another alternative to group health insurance plans, which can be unaffordable for many small businesses, is to offer individual health insurance options to your employees. By law, an employer cannot contribute to these plans, or it would be treated as group insurance under Texas state law. But you can still help your employees secure a good plan and improve their health and well-being and improve employee retention in the process. If you are a small business owner who would like to offer affordable health insurance plans to your employees, but cannot afford group health insurance, you should consider offering your employees the revolutionary, comprehensive individual health insurance solutions created by Previous specifically for young people. , healthy individuals.

Anterior offers affordable individual health plans with catastrophic coverage, but without a high deductible, and we’ll offer these plans to your employees at a discount. For more information, visit us on our website, [http://www.precedent.com]. We offer a unique and innovative suite of individual health insurance solutions, including highly competitive HSA-qualified plans and an unmatched “real-time” application and acceptance experience.

The marketing mix is ​​part of your marketing plan. Define product, place, price and promotion. Combining promotions aims to increase product or brand awareness, communicate your product’s unique value proposition, and gain acceptance of your products. The main objective and focus of the promotional mix is ​​to obtain the desired result: the sale of your product. There are more than seven common promotional mix tactics, and while most companies don’t use all of these tactics to promote and sell their products, they do use a combination of these tactics.

Top 4 Mixed Promotion Tactics:

1. Personal sale It is one of the most common promotional tactics. Most companies will hire people to do the sales: sales reps, account managers, inside sales reps, retail sales, sales agents, or telemarketers. Face-to-face selling is one of the most common sales methods, although phone sales and, more recently, email sales are becoming widely used. These aren’t necessarily as effective, but they are low-cost sales tactics.
2. Advertising is another common promotional tactic. Advertising focuses on brand recognition and identity; not only in the product. Advertising can be an expensive tactic that only large companies can invest in; in particular, television advertising, which can cost anywhere from $100,000 to over $1 million for a national prime-time broadcast (for a 30-second ad!). This cost is in addition to the cost of producing the commercial. Advertising in industry or consumer magazines is less expensive, and you can usually target your advertising to a specific industry or region. Other advertising may include car or bus ‘wraps’, events (such as sports, music, art) and billboards. The Internet is becoming a very popular place to advertise and, relatively speaking, it is more affordable.
3. In the retail market, consumer promotion It’s very common. Buy one get one free. Coupons for discounted or free products. Free trial packages. Discounts for early payment or refunds. Contests that return cash, prizes or merchandise. Marketers’ commitment to consumer promotion is that this form of promotion can be designed to be highly measurable. Coupons, contests, and packaging can be coded to report redemptions and to report increases and/or decreases in sales related to consumer promotion. Additionally, packaging new products as a trial, with a mature or declining product, can often provide an opportunity to increase sales and extend the life cycle of the declining product.
4. Public Relations (PR) is another common promotional tactic. Public relations includes writing and distributing press releases (to the local newspaper, national newspapers, online PR sites, radio and television, magazines, and more). The key to effective public relations is identifying and understanding your target audience, the key message(s) you want to convey, the credibility of your organization, and the recognition that public relations is not a sales tactic but an identity (either corporate, brand or product). ) construction tactic.

The most effective promotional program is usually the one that uses a variety of tactics and techniques. It is important to measure the effectiveness of the program you participate in and adjust your promotional program to increase effectiveness and results (sales).

As an executive, you have many things to do and even more to accomplish. Along with the main jobs, he also has various supporting tasks like online research, presentations, necessary shopping, recruiting, and accounting. He wants to concentrate on a more profitable job, but these small tasks consume his time, and TIME IS PRECIOUS.

Here comes the Virtual Assistant. A virtual assistant is not a robot or a machine like Google Assistant. He is a human being who understands the urgency, captures details, prioritizes tasks, and offers intelligent help so that you can achieve your goal.

Below are some important tasks that can be delegated to virtual assistants:

Organize your files and data
Every day we create and work on many files and folders. We collect reports and data that need to be referenced at some later point. Organizing files and keeping data in a searchable format is a full-time job. You can explain it to your VA and he/she will take care of it. They will organize your files; save them in the right folders and save time for more important work.

Customer Support
You may need to contact customer support and spend a lot of time waiting or waiting. Ask the VA to do this work for you and save time.

On the other hand, you may also have to attend to some important clients and they should be given priority, but due to lack of time you cannot spend enough time with them. Ask the VA to support these customers on a priority basis, respond immediately, help them understand the product, and resolve their inquiries at the appropriate level or move to the next level.

Bookkeeping
You have a lot of receipts and invoices that need to be put into a spreadsheet or compiled properly. You can send your receipts, invoices or other expense details to your VA to put them in Excel or another tool and do the necessary for you. If you leave them unattended for a long time, they will cause unnecessary headache and stress.

Book Appointments/Shopping Online
You can ask your VA to schedule appointments and reservations for you. The VA will make the reservations and update your calendar so you don’t miss out. If mutual trust develops, you can also ask them to shop online for you or your small business. The VAs will do what is necessary and share the report with you.

Online research:
For any business or personal purpose, you may need to do some online research to find a good application for your business, a wonderful product for your company, a great gift for your near and dear ones, some writing supplies, some items for sharing with your colleagues, or anything other than this, you can simply instruct your VA and he/she will do the research for you and present the material in a professional and sophisticated way, saving you a lot of time.

Business Presentations
You have to do some presentation for your business but you also have many other things to do. Give the idea to your VA and have them research, compile, and present a PPT presentation for your review. You can make changes as per your need and this is DONE.

Recruitment and team support
As an executive, you also need to recruit and support your team. Get help from your VA to search Resume DBs, set up interviews, and follow up with candidates. You can also ask your VA to support your team when needed and save your team’s collective time.

Translation and bilingual support
If you or your business are located in a bilingual region or if you have clients in foreign countries, you may be able to get help from your bilingual VA to help you and your team with translation work and provide bilingual business documentation support.

Data entry
Data entry, for personal or business purposes, is required on a regular basis, but it is also the least productive and time-consuming job. You can’t get rid of it, but you can definitely get help from your VA to complete the task for you.

Writing and revision
You can ask your VA to prepare materials or write blogs and articles for you based on your needs. You can then put the finishing touches on it and publish. Or you can write yourself and ask the VA to check grammar, sentence structure, and more. The VA can use tools like Grammerly and send you the finished article, ready to publish.

News follow-up, summary and clipping service
Share your interests and needs, languages ​​and locations, and the VA or your team will monitor news, articles, essays published in that language and location and share a summary with you. A language-savvy VA will do the clipping services for you. A lot of valuable data and useful information may be collected for personal or business use.

There are several options for filtering and purifying your home’s drinking water. Whether you live in a condo, apartment, duplex, single-family home, or multi-story residence, there are many solutions that can solve your poor H2O problem. The type of method you choose will depend on several factors, including budget, residence type and square footage, existing plumbing installation, local hard water levels, personal preferences, and more. Continue below for the most common options for H2O purification and filtration.

Reverse Osmosis Services and Systems

Reverse osmosis is a fantastic and effective water treatment service to choose for your home. It is a unique water filtration process that removes unwanted contaminants and heavy metals from drinking water. This is facilitated through a reverse osmosis system that is designed to remove sodium, potassium, nitrates, and other dissolved solids from a property’s tap water. This means that at the touch of a button, anyone in their home or office can instantly have contaminant-free drinking water all year long! And best of all, it’s a great eco-friendly alternative to bottled water.

Well Water Iron Filtration Systems and Services

Well water can contain a long list of contaminants that taste bad and are unhealthy. This includes E.coli, coliforms, chemicals, dissolved solids, and more. Today there are numerous advances in well water filtration and cutting-edge iron removal systems, providing effective and affordable well water solutions for anyone. Common services for well water purification may include well filters, iron filtration, iron removal systems, iron bacteria removal, iron filters, and more.

water softening systems

One of the most effective and basic methods of improving a property’s water quality is water conditioning. To condition H2O, you must purchase and install a home softening system. A softener that plugs into your home’s existing plumbing system. It uses a technology called “ion exchange” to exchange hard minerals for softer ones, namely sodium ions.

The mineral tank is filled with tiny resin beads that are negatively charged, attracting positively charged hard minerals that affect tap water quality, such as iron, calcium, and magnesium. By conditioning the H2O, harsh contaminants and minerals are removed and replaced with healthy minerals, improving various aspects of your tap water.

Always hire a professional

Choose a licensed and experienced plumbing company that specializes in water softening and filtration. They will have the knowledge, resources, and training to properly assess your water condition and plumbing quality, as well as offer customized strategies to meet your property’s unique soft water needs; and all within a budget you can afford!

An automobile manufacturer, for example, buys steel, rubber, aluminum, plastic, etc., which is used to make motor vehicles that are sold to dealers (the trading company). These dealerships, in turn, sell vehicles to the customer.

From an accounting point of view, the activities of manufacturing and trading companies are very similar, especially their administration, sales and financing activities. Therefore, accounting principles and most procedures can be applied to both manufacturing and trading companies. The main difference between the two is their costing and accrual method for (1) valuing inventory and (2) calculating cost of goods sold. The difference arises from the fact that trading companies buy finished goods, while manufacturers make the goods sold by merchants.

Therefore, the ‘accounting cost of goods manufactured’ item in the manufacturing company corresponds to the ‘accounting cost of goods purchased’ item in the trading company. In both cases these amounts represent the cost of finished products available for sale. The trading company, having purchased its goods in a ‘finished’ form, experiences little difficulty in determining its cost. The manufacturing company, on the other hand, has to account for the cost of turning raw materials into finished goods (also known as manufacturing costs).

By turning raw materials into finished products, the manufacturer uses manpower, machinery, and equipment and also incurs other manufacturing costs such as energy consumption, machinery maintenance, etc. All of these costs must be added to the cost of raw materials to determine the cost of goods manufactured for any period.

Therefore, the accounting records of a manufacturing company must be expanded to provide for the recording of the various additional costs inherent to manufacturers.

The three most important elements of manufacturing costs are materials, labor, and manufacturing overhead. In accounting cost terminology, the costs of materials and labor together are known as primary costs, while the accounting term conversion costs represents the combination of labor and manufacturing overhead costs.

By virtue of the nature of a manufacturing company’s activities, it will require more ledger accounts than a trading company. The general ledger should cover aspects such as machinery and equipment, inventory, raw materials, work in process, finished products, etc. Special attention needs to be paid to the various inventory accounts.

At any given time, a manufacturer will have different types of inventory on hand: inventory of materials ready for use in the manufacturing process; partially finished products still in manufacturing process; and finished products that must be sent to distributors. Inventory accounting records and different inventory accounting accounts must be kept to determine the costs of each type of inventory at the end of a fiscal year. All three inventory accounts are asset accounts and are generally maintained according to a perpetual ledger inventory system. In turn, they are control accounts supported by the corresponding subsidiary records.

I have met many great people with great ideas who take action to work towards their dreams. But somehow, these people never realize what they set out to achieve. What is stopping them from being successful? These people have a great attitude. They have good ideas. And they don’t just sit on their ideas and do nothing. They work hard on their ideas. But they just don’t seem to be getting anywhere.

I have a friend who is a very smart guy. He has always had a great entrepreneurial spirit. He has been in business for years. He has very good networks and is very good at selling. But the truth is, he’s still broke. I’ve always wondered why a smart and enterprising guy like him still doesn’t come up with anything great after years of effort.

Finally, I have had my conclusion. There are a few main reasons for the results you are getting. But today, I’m only going to talk about one of them. The number one problem with this friend of mine is that he is a opportunist. Now, I’m not saying there’s nothing wrong with seizing an opportunity when it presents itself. In fact, that’s what you should do.

But this friend of mine is an opportunist who seizes every opportunity that comes his way! Now that becomes a problem! You see, making a single idea work takes an enormous amount of time, effort, and energy. So how do you expect to work on a few ideas at the same time? No way!

The only way you can make an idea a success is to STAY FOCUSED on that idea! If you have absolute faith in your idea, then you should keep working on it until it becomes a success! The worst thing you can do is get distracted by another idea and walk away while you work on the current idea.

“Business opportunities are like buses, another one always comes.” -Richard Branson

Opportunities are all around us. They are everywhere if you look hard enough. But you can’t take care of all of them at the same time. You have to make a decision and stick with it like it’s all you have. And the choice has to come from your passion. I have talked about following your passion many times on my blog because that is what I truly believe in and it is also what many successful people believe in.

If you could take an idea and turn it into a success, you would have all the wealth coming your way. All you need is a great idea. Now let’s take a look at how some entrepreneurs made a fortune from a single idea. Some of these ideas may even seem silly.

Also, some of these ideas were original, while for some, the idea was to take advantage of someone else’s idea.

Here are some original ideas:

o Million Dollar Landing Page

This has to be one of the dumbest but brilliant million dollar ideas!

In 2005, when Alex Tew, the founder of MillionDollarHomePage.com, came up with this million-dollar idea, he was just 21 years old and preparing to start his first semester of college.

At the time, he was thinking of a way to pay his school fees and began by asking himself a simple question: “How can I become a millionaire?” Just twenty minutes later, she got the answer from him: sell a million pixels of ad space on a website for $1 each.

After launching his website, he managed to sell a million pixels in just 5 months to earn $1 million!

Incredible!

o Stones for pets

This is another seemingly ridiculous but brilliant idea that helped its creator become a billionaire. In 1975, the idea for Pet Rocks was conceived by advertising executive Gary Dahl. This single idea had made Dahl a billionaire in just 6 months.

Dahl founded a company called Rock Bottom Productions. The company imported gray pebbles from Rosarito Beach in Baja California, Mexico, and sold the rocks for $3.95 each after repackaging them as live pets. The complete package even came with a ‘Pet Training Manual’ containing instructions on how to care for pet rocks! What a novel idea!

Dahl was estimated to have made over US$15 million from these rocks. And that’s estimated to be around $56 million in today’s money.

or Everything men know about women

By now you should be convinced that even seemingly silly ideas can make you a millionaire. If you need more proof, here’s another good example. At the age of 21, Cindy Cashman self-published her first book, titled ‘Everything Men Know About Women’ under the pseudonym ‘Dr. Alan Francis’.

Since then, this book has sold over a million copies, making Cashman a millionaire in the process. But the amazing part of this book is that it is completely blank! Yes, you heard right. It is a blank book.

It’s meant to be humorous: that men know absolutely nothing about women! Guys… If you got the joke, you’ll know why the women bought the book in trucks to give it to their friends.

Following this initial success, Cashman has since published another 10 best-selling books. One of which is ‘The Book of Smiles’. It is simply a book that collects images of all the different smiles in the world!

That really is one hell of a creativity!

or ebay

In 1995, 28-year-old Pierre Omidyar founded Auction Web as a collectibles auction website after his wife told him about her hobby of collecting and trading Pez dispensers.

Almost immediately after launch, Auction Web enjoyed a huge amount of traffic. People started auctioning a wide range of products on the website for free.

After Omidyar started charging a small fee for the service and rebranded Auction Web as eBay, he was making so much more money than his job that he decided to quit and focused on developing his website.

Three years later, in 1998, eBay went public and Omidyar became a billionaire overnight.

Today eBay has approximately 84 million active users worldwide and the total value of items sold on eBay in 2007 was almost 60 trillion US dollars!

And here are some ideas on how to take advantage of other people’s ideas:

or McDonald’s

Ray Kroc is widely known as the founding father of the world’s number one fast food chain, McDonald’s. But the real founders are Dick and Mac McDonald, also known as the McDonald brothers.

Kroc had always had a great entrepreneurial spirit and immediately saw his golden opportunity when he discovered McDonald’s restaurant in 1954 in San Bernardino, California.

The day after meeting the McDonald brothers, he told them how he thought they could expand their successful restaurant into a national chain. When the McDonald brothers asked Kroc who would do that for them, Kroc replied, “Well, what about me?”

And the rest is history.

McDonald’s today employs nearly 500,000 employees worldwide and generates an annual global turnover of approximately 20 trillion US dollars.

or Chicken Soup for the Soul

The book ‘Chicken Soup for the Soul’ has sold more than 8 million copies and has made its authors, Jack Canfield and Mark Victor Hansen, multimillionaires.

However, the authors did nothing more than write the introduction to the book. The stories in the book were simply a compilation of stories they collected from other people.

And since then they have produced numerous volumes of the ‘Chicken Soup’ issue. Many of the books are aimed at a specific audience such as ‘Chicken Soup for the Mom’s Soul’, ‘Chicken Soup for the Teenage Soul’, ‘Chicken Soup for the Horse Lover’s Soul’ etc.

So can you see now that all it takes is just one idea to become a millionaire, and maybe even a billionaire?

And it doesn’t even have to be a revolutionary idea. All you need is a simple idea.

Stick to your idea. If you really believe in your own idea and stick to it, you can do wonders.

Regards~