Saturday, February 4, 2012

Job Application Robots

Further o my comments on job apps:

Robots are being used for software to sift through resumes. Some companies get multi-millions of job applications a year. The only way to sift through them is to use sophisticated software as a screening source. Keywords relating to experience they are seeking are factors being used.

Another reason why your job resume has to be concise and specific. (See the Earl J Weinreb NewsHole® comments.)

Friday, February 3, 2012

The Correct Job Resume

Books and advisers tell you how to write a job resume. But remember the importance of the covering letter. It’s just as essential as the resume itself.

Place on to the covering letter what is most important about your skills. Outline very quickly your professional assets. Tune the theme to what that skill is; technical, leadership or academic.

The covering letter ought to quickly sum up what you are really selling about yourself. That will make it easier for a prospective employer to scan your app from, perhaps, hundreds of other job requests. More soon. (See the Earl J Weinreb NewsHole® comments.)

Thursday, February 2, 2012

The Fed Causing a New Housing Bubble?

The Federal Reserve is causing the next housing bubble even though we haven’t resolved our current housing debacle.

They’re doing this by keeping official U.S. funds at zero cost, below the nominal 2% inflation rate. The actual inflation is higher. This makes it easier for the public to take mortgages they cannot afford. And government guarantees will again be taken over by the taxpayers.(See the Earl J Weinreb NewsHole® comments.)

Wednesday, February 1, 2012

Uncle Sam is Not the No.1 Capitalist

According to the annual Index of Economic Freedom reports from the Heritage Foundation and the Wall Street Journal, the U. S. remains far behind countries such as Canada, Australia, New Zealand, Switzerland, Hong Kong and Singapore, in terms of economic freedom.

This means there is much improvement we can make to eliminate business red tape and restrictions. Unfortunately, in the past three years, we have been heading away even more from free economic principles.

This when we desperately need to formulate new private industry jobs. (See the Earl J Weinreb NewsHole® comments.)

Tuesday, January 31, 2012

The Folly of Buying a Franchise

Why bother to buy a franchise?

Why should someone pay for a company name and expertise when they can probably duplicate the same entity at no franchising cost?

There are some questions to ask yourself about the possibility and logic of a franchised business.

Whether it is easily duplicated or entered into by a competitor. Or: It does not have a highly recognized brand name or special management expertise to offer.

The royalty you pay on sales, that cover whatever management training and materials you may get, will probably represent about half your net earnings.(See Earl J Weinreb NewsHole® comments.)

Monday, January 30, 2012

The Tricky Franchise Route in Business

Why bother to sell a franchise? And why buy a franchise?

If you have a successful business, it’s easy to think it can be franchised. But why should someone pay for the company name and your expertise when they can probably duplicate the same entity at no additional franchising cost?

There are some questions you can ask yourself about the possibility and logic of franchising your business. You cannot successfully franchise your operation if:

It is easily duplicated or entered into by a competitor.

You don’t have a highly recognized brand name.

You don’t have special management expertise to offer.

It’s hard to service or manage operations from your site.

You must realize, too, that the usual upfront fees and the royalty you take on sales, that cover whatever management training and materials you may offer, will probably represent about half a franchisee’s net earnings. That fact is bound to eventually infuriate him, assuming he becomes successful. There is no telling what the fury may be if he fails after investing in your advice.

So he may eventually cheat you or form groups with any other franchisees you may have, to sue you over contract terms.

If you want to franchise your business, can you finance and constantly control the finances of your franchisees? That is most important, should you do decide to franchise. It is the most important binding link you can have to the prospective franchisee. (Earl J Weinreb NewsHole® comments.)

Sunday, January 29, 2012

The Usual Government Fraud

We hear about business fraud but there are checks and balances by boards of directors and independent audits. When an event occurs, the publicity and media extravaganzas, along with government finger-pointing and publicity, tend to make up for smaller, relative numbers.

Government fraud is taken for granted but is far more prevalent where politicians and bureaucrats take it as a given because they are so “underpaid” on the job.

There is a formula for how government grants are used. There always is a euphemistic allowance made for “waste.”

And there is always an understatement of projected cost. It’s a rare government project that ever meets its original cost estimate.

There is usually some figure allotted to account for missing funds. Or at least a few percentage points devoted for investigation of fraud.

That is because of the psychological nature of government jobs. You don’t have the same checks and balances than in private industry, despite the public image the media provides.

Government projects are always ramped up. Very few are ever terminated. Sunshine laws are passed from time to time but appear ineffectual. Once on the books, laws and agencies they breed have a life of their own. (Earl J Weinreb NewsHole® comments.)