Please note that this blog has now been transferred to http://www.ukba.co.uk/blog
We look forward to seeing you there!
www.ukba.co.uk
Thursday, 29 October 2009
Wednesday, 28 October 2009
What does Warren Buffet, the world's 2nd richest man have to say about business and life?
1. He bought his first share at age 11 and he now regrets that he started too late! Things were very cheap at that time. Encourage your children to invest.
2. He bought a small farm at age 14 with savings from delivering newspapers. One can buy many things with few savings. Encourage your children to start some kind of business.
3. He still lives in the same small 3-bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. Don't buy more than you "really need" and encourage your children to do and think the same.
4. He drives his own car everywhere and does not have a driver or security people around him. You are what you are…
5. He never travels by private jet, although he owns the world's largest private jet company. Always think how you can accomplish things economically.
6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. Assign the right people to the right jobs.
7. He has given his CEO's only two rules:
Rule number 1: do not lose any of your shareholder's money.
Rule number 2: Do not forget rule number 1.
Set goals and make sure people focus on them.
8. He does not socialize with the high society crowd. His pasttime after he gets home is to make himself some popcorn and watch Television. Don't try to show off, just be yourself and do what you enjoy doing
9. Warren Buffet does not carry a cellphone, nor has a computer on his desk.
10. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
His advice to young people: "Stay away from credit cards & bank loans and invest in yourself and remember:
a.Money doesn't create man but it is the man who created money.
b.Live your life as simply as possible.
c.Don't do what others say - listen to them, but do what you feel good doing.
d.Don't follow brand names; just wear those things in which youf eel comfortable.
e.Don't waste your money on unnecessary things; rather just spend on those things you really need.
f.After all, it's your life so why allow others to rule your life?"
A recent interview with Warren: http://www.cnbc.com/id/15840232?play=1&video=1257407167
Source: CNBC
www.ukba.co.uk
2. He bought a small farm at age 14 with savings from delivering newspapers. One can buy many things with few savings. Encourage your children to start some kind of business.
3. He still lives in the same small 3-bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence. Don't buy more than you "really need" and encourage your children to do and think the same.
4. He drives his own car everywhere and does not have a driver or security people around him. You are what you are…
5. He never travels by private jet, although he owns the world's largest private jet company. Always think how you can accomplish things economically.
6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. Assign the right people to the right jobs.
7. He has given his CEO's only two rules:
Rule number 1: do not lose any of your shareholder's money.
Rule number 2: Do not forget rule number 1.
Set goals and make sure people focus on them.
8. He does not socialize with the high society crowd. His pasttime after he gets home is to make himself some popcorn and watch Television. Don't try to show off, just be yourself and do what you enjoy doing
9. Warren Buffet does not carry a cellphone, nor has a computer on his desk.
10. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.
His advice to young people: "Stay away from credit cards & bank loans and invest in yourself and remember:
a.Money doesn't create man but it is the man who created money.
b.Live your life as simply as possible.
c.Don't do what others say - listen to them, but do what you feel good doing.
d.Don't follow brand names; just wear those things in which youf eel comfortable.
e.Don't waste your money on unnecessary things; rather just spend on those things you really need.
f.After all, it's your life so why allow others to rule your life?"
A recent interview with Warren: http://www.cnbc.com/id/15840232?play=1&video=1257407167
Source: CNBC
www.ukba.co.uk
Tuesday, 27 October 2009
The UK is still the number one investment location in Europe.
UK Trade & Investment’s latest inward investment report celebrates 1,744 inward investment projects over the last year. The year to March 2009 has set another record for inward investment projects into the United Kingdom.
Read the annual UK inward investment report here: http://www.ukinvest.gov.uk/investmentreport/4046343/en-GB.html
www.ukba.co.uk
Read the annual UK inward investment report here: http://www.ukinvest.gov.uk/investmentreport/4046343/en-GB.html
www.ukba.co.uk
Monday, 26 October 2009
Small Businesses To Benefit From Graduate Talent
The Government has joined forces with the Federation of Small Businesses (FSB) to offer up to 10,000 graduates a boost to their future employability, through internships in small and micro businesses announced the Prime Minister Gordon Brown today.
The Prime Minister said:
“Our guarantee to all young people is that with millions of new opportunities from apprenticeships to internships to a new class of modern technicians, we will discover, coach, develop and showcase the wealth of aspiration and talent that exists in Britain.
“To add to the 100,000 new young people’s jobs we are already creating, we can today offer in partnership with the Federation of Small Businesses, 10,000 skilled internships so that, even in the midst of tough economic times, we are encouraging a whole new generation of young Britons to embrace ambition and British enterprise.”
Read more: http://nds.coi.gov.uk/clientmicrosite/Content/Detail.aspx?ClientId=431&NewsAreaId=2&ReleaseID=407128&SubjectId=36
www.ukba.co.uk
The Prime Minister said:
“Our guarantee to all young people is that with millions of new opportunities from apprenticeships to internships to a new class of modern technicians, we will discover, coach, develop and showcase the wealth of aspiration and talent that exists in Britain.
“To add to the 100,000 new young people’s jobs we are already creating, we can today offer in partnership with the Federation of Small Businesses, 10,000 skilled internships so that, even in the midst of tough economic times, we are encouraging a whole new generation of young Britons to embrace ambition and British enterprise.”
Read more: http://nds.coi.gov.uk/clientmicrosite/Content/Detail.aspx?ClientId=431&NewsAreaId=2&ReleaseID=407128&SubjectId=36
www.ukba.co.uk
Sunday, 25 October 2009
Small firms fear rising rates bills
Small business owners fear that they will be forced to pay inflated rates bills for five years, according to a survey conducted by the Forum of Private Business (FPB).
Just fewer than 80% of respondents said that they think their business rates will increase when changes take place in April 2010.
Business properties are revalued every five years to ensure that rateable values reflect the changes in the property market. However, because the present revaluation is based on rent prices from April 2008 - before the recession - small businesses are concerned that their rates bills will be unfairly high.
"Small businesses are already under a great deal of pressure to pay their business rate bills and most do not see the corresponding value in local authority services. It is extremely important that the government provides an appropriate and fair system of transitional rate relief for small businesses who will see an increase in their rateable value from 2010," said Matt Goodman of the FPB.
www.ukba.co.uk
Just fewer than 80% of respondents said that they think their business rates will increase when changes take place in April 2010.
Business properties are revalued every five years to ensure that rateable values reflect the changes in the property market. However, because the present revaluation is based on rent prices from April 2008 - before the recession - small businesses are concerned that their rates bills will be unfairly high.
"Small businesses are already under a great deal of pressure to pay their business rate bills and most do not see the corresponding value in local authority services. It is extremely important that the government provides an appropriate and fair system of transitional rate relief for small businesses who will see an increase in their rateable value from 2010," said Matt Goodman of the FPB.
www.ukba.co.uk
Saturday, 24 October 2009
A million small firms hit by late payments
Over a million small and medium-sized business have been affected by late payments totalling over £30bn, according to data released by to Bacs Payment Schemes Limited.
This figure means that small firms have seen an increase in money owed of more than £11bn from two years ago, and the number of SMEs reporting that they are experiencing payment delays rose by over 65% from 2008 to 2009.
The report also highlighted how the problem can spiral out of control, with 52% of small firms stating that if they're paid late, they'll pay their invoices later too. A third of small companies reported that they are paying others later this year than in 2008.
Cashflow is the most common reason for overdue payments, with 30% of businesses surveyed citing this as the main excuse given. But 6% of late payers claim they forgot all about it, with the same number relying on the age-old excuse ‘the cheque's in the post'.
"While many businesses which owe money to others do undoubtedly have problems in paying bills quickly, there is a question mark over those who may be ‘playing' the system and delaying payment for as long as they can," said Michael Chambers, managing director of Bacs.
www.ukba.co.uk
This figure means that small firms have seen an increase in money owed of more than £11bn from two years ago, and the number of SMEs reporting that they are experiencing payment delays rose by over 65% from 2008 to 2009.
The report also highlighted how the problem can spiral out of control, with 52% of small firms stating that if they're paid late, they'll pay their invoices later too. A third of small companies reported that they are paying others later this year than in 2008.
Cashflow is the most common reason for overdue payments, with 30% of businesses surveyed citing this as the main excuse given. But 6% of late payers claim they forgot all about it, with the same number relying on the age-old excuse ‘the cheque's in the post'.
"While many businesses which owe money to others do undoubtedly have problems in paying bills quickly, there is a question mark over those who may be ‘playing' the system and delaying payment for as long as they can," said Michael Chambers, managing director of Bacs.
www.ukba.co.uk
Friday, 23 October 2009
Recession is nearly over but recovery is fragile, says IMF
The world economy is "on the verge of recovery", having experienced its first decline since the end of the Second World War, according to the International Monetary Fund.
"The advanced economies, hit particularly hard by financial crises and the collapse in world trade, are showing signs of stabilisation, driven mainly by an unprecedented public policy response," the IMF said in its latest World Economic Outlook report.
Read more: http://www.independent.co.uk/news/business/news/recession-is-nearly-over-but-recovery-is-fragile-says-imf-1796339.html
Source: The Independent
Author: Sean O'Grady, Economics Editor
www.ukba.co.uk
"The advanced economies, hit particularly hard by financial crises and the collapse in world trade, are showing signs of stabilisation, driven mainly by an unprecedented public policy response," the IMF said in its latest World Economic Outlook report.
Read more: http://www.independent.co.uk/news/business/news/recession-is-nearly-over-but-recovery-is-fragile-says-imf-1796339.html
Source: The Independent
Author: Sean O'Grady, Economics Editor
www.ukba.co.uk
Subscribe to:
Posts (Atom)
Posts
