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Business Planning (The Start-Up)

A business plan is a written description of your business’s future, a document that tells what you plan to do and how you plan to do it. It is a to do list and not to do list strategy to become successful. If you jot down a paragraph on the back of an envelope describing your business strategy, you’ve written a plan, or at least the game of the plan. In planning you must involved many people in your circle or in your team to get their ideas and evaluate the best ideas and use that ideas.

Business plans are inherently strategic and very important in business at all levels and all type of industry. You start here, today, with certain resources and abilities. You want to get to there, a point in the future (usually three to five years out) at which time your business will have a different set of resources and abilities as well as greater profitability, people, management and increased assets. Your plan shows how you will get from here to there. In good planning you need includes all possible risks and factors that will surely encounter in the way. Lists all the risks and factors and it’s corresponding measures or prevention to that matter.

Starting a business is stressful, need much time, capital and resources but it i also a full excitement and inspiration to achieve something you want in the future ahead. You’re wearing a million different hats trying to establish and grow your business, and there are always going to be unexpected challenges and obstacles that put a strain on your objectives. As a result, many entrepreneurs have to work long hours often, while keeping their day job battling uncertainty and still do great work.

In business planning you need to plan everything set all your goals, objectives, and target of achievements. You need to set up how much capital, manpower, and what type of business you are trying to engage in. It is in business planning that really matters for you to become successful in your business. In business don’t be on a rush but at the same time don’t be to slow because resources, time and competitive environment are always their that might affect your business and affect your plan. In business you need to gamble of being successful or failure.

That’s why it’s important to try to do other things in your life to help relieve some of that strain. By living a healthy lifestyle like exercising, eating right, have a healthy hobby then you will have more energy and positive mind to help you jump any hurdles in your way. The first 60 seconds of a business pitch can be the difference between reaching your highest goal or falling flat on your face. If not, it’s back to the ground floor and starting from scratch again  but this with lesson.

A successful business entrepreneur always plans ahead, think ahead and take risk head on. The higher the risk is involved the more return you will get. It is just a matter on how you plan your business and take everything in consideration all factors that may affect the business performance.

“Success is not final; failure is not fatal: It is the courage to continue that counts.”

— Winston S. Churchill

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What Causes Financial Crises?

Accounting Management Finance Marketing Business Concept
Accounting Management Finance Marketing Business Concept

One of the great ironies of the 2008 financial crisis is that it was sparked by a product created from a historically safe investment asset: residential mortgages. In the past quarter century, delinquency rates of single-family home mortgages hovered below 3% for the most part except for the time around the Great Recession, according to the Federal Reserve Bank of St. Louis. Then Wall Street bundled mortgages of various qualities into complex, opaque securities to be bought and sold, often using debt to turbo-charge the investment. When defaults began on Main Street, the tremors reached all the way around the world.

Today, the financial crisis seems like a footnote in history. But like other crises, it has sparked a period of soul-searching. What signs that a crisis was brewing did experts and regulators miss? Why didn’t regulatory reforms in the past prevent it? How could regulators stop another crisis from happening? What are the lessons from this and other meltdowns? These and other questions were the focus of a panel at the “Financial Markets, Volatility, and Crises: A Decade Later” conference held recently in New York by Wharton’s Jacobs Levy Equity Management Center for Quantitative Financial Research.

While this year is generally acknowledged to be the 10th anniversary of the crisis, in actuality there is “no real consensus about when it all began,” said Wharton finance professor Richard Herring, who moderated the panel. Some point to 2006 as the start, when home prices peaked, while others think it began with the 2007 collapse of two Bear Stearns hedge funds that bet heavily on subprime mortgages. Perhaps it was when BNP Paribas froze withdrawalsfrom $2.2 billion worth of funds in the same year. Still others have argued that “it was manageable until the Lehman … orderly liquidation,” Herring said. That was the start.

Whenever the crisis actually began, panelists said that it bore similarities to other Wall Street meltdowns of the past, such as the 1987 market crash and the 1998 collapse of the hedge fund Long-Term Capital Management. Time and again, the chase for a higher investment return, the creation of new, complex securities, the relative inexperience of young traders, the popularity of a new theory to make money and lagging regulations have brought the financial system to the brink.

Free Lunches and the Illusion of Safety

Bruce Jacobs, principal and co-founder of Jacobs Levy Equity Management, said that while the 1987 crash, Long-Term Capital Management and the 2008 credit crisis were different events, they had similarities. “The common theme is that the strategies promised to make investing safe,” he said. “There is an expectation of protection and safety and at the same time they were sold on the basis of higher returns. They become irresistible.” But these “free lunch strategies” later backfired.

In the 1980s, belief in a trading strategy called portfolio insurance was supposed to take out risk. The strategy called for hedging against market downturns by short-selling stock index futures. Jacobs quoted Nobel laureate Robert Merton — who co-created the famed Black-Scholes-Merton calculation to determine fair pricing for options — as saying that if one literally traded continuously, all the risk would disappear because it is being shifted to someone else all the time. But practically speaking, Jacobs said, one can’t trade continuously in practice.

Portfolio insurance also can fail. “We all know what happened in 1987 — there was a major [stock market] crash, the largest one-day decline in the history of the U.S. markets, greater than the decline in 1929,” Jacobs said. It’s fine to shift risk to someone else, providing there are “counterparties on the other side willing to buy,” he said. But as many investors tried to shift risk at the same time, they could not find enough folks to take it off their hands. “The buyers were not there,” he said. “The markets became fragile. And the decline was over 20%.”

What is Renewable Energy Industry?

The renewable-energy industry is the part of the energy industry focusing on new and appropriate renewable energy technologies. Investors worldwide have paid greater attention to this emerging industry in recent years. In many cases, this has translated into rapid renewable energy commercialization and considerable industry expansion. The wind power and solar photovoltaics (PV) industries provide good examples of this.

Renewable energy industries expanded during most of 2008, and by August 2008, there were at least 160 publicly traded renewable energy companies with a market capitalization greater than $100 million. An estimated $120 billion was invested in renewable energy globally in 2008.

Overview

During 2006/2007, several renewable energy companies went through high profile Initial Public Offerings (IPOs), resulting in market capitalization near or above $1 billion. These corporations included the solar PV companies First Solar (USA), Trina Solar (USA), Centrosolar (Germany), and Renesola (U.K.), wind power company Iberdrola (Spain), and U.S. biofuels producers VeraSun Energy, Aventine, and Pacific Ethanol.

Renewable energy industries expanded during most of 2008, with large increases in manufacturing capacity, diversification of manufacturing locations, and shifts in leadership. By August 2008, there were at least 160 publicly traded renewable energy companies with a market capitalization greater than $100 million. The number of companies in this category has expanded from around 60 in 2005.

Some $150 billion was invested in renewable energy globally in 2009, including new capacity (asset finance and projects) and biofuels refineries. This is more than double the 2006 investment figure of $63 billion. Almost all of the increase was due to greater investment in wind power, solar PV, and biofuels.

In 2000, venture capital (VC) investment in renewable energy was about 1% of total VC investment. In 2007 that figure was closer to 10%, with solar power alone making up about 3% of the entire Venture Capital asset class of ~$33B. More than 60 start-ups have been funded by VCs in the last three years. Venture capital and private equity investments in renewable energy companies increased by 167 percent in 2006, according to investment analysts at New Energy Finance Limited.

New investment into the sector jumped US$148 billion in 2007, up 60 per cent over 2006, noted a report by the Sustainable Energy Finance Initiative (SEFI). Wind energy attracted one-third of the new capital and solar one-fifth. But interest in solar is growing rapidly on the back of major technological advances which saw solar investment increase 254 per cent. The IEA predicts US$20 trillion will be invested into alternative energy projects over the next 22 years.

Companies

Vestas is the largest wind turbine manufacturer in the world with a 20% market share in 2008. The company operates plants in Denmark, Germany, India, Italy, Britain, Spain, Sweden, Norway, Australia and China, and employs more than 20,000 people globally. After a sales slump in 2005, Vestas recovered and was voted Top Green Company of 2006.

GE Energy was the world’s second largest wind turbine manufacturer in 2008, with 19% market share. The company has installed over 5,500 wind turbines and 3,600 hydro turbines, and its installed capacity of renewable energy worldwide exceeds 160,000 MW. GE Energy bought out Enron Wind in 2002 and also has nuclear energy operations in its portfolio.

Gamesa, founded in 1976 with headquarters in Vitoria, Spain, was the world’s third largest wind turbine manufacturer in 2008, and it is also a major builder of wind farms. Gamesa’s main markets are within Europe, the US and China.

Other major wind power companies include Siemens, Suzlon, Sinovel and Goldwind.

Trends

Although the wind power industry will be impacted by the global financial crisis in 2009 and 2010, a BTM Consult five year forecast up to 2013 projects substantial growth. Over the past five years the average growth in new installations has been 27.6 per cent each year. In the forecast to 2013 the expected average annual growth rate is 15.7 per cent. More than 200 GW of new wind power capacity could come on line before the end of 2013. Wind power market penetration is expected to reach 3.35 per cent by 2013 and 8 per cent by 2018.

Offshore wind power installations are emerging, and recent years have seen several hundred megawatts added annually, mostly in Europe.0

Photovoltaics

The size of photovoltaic power stations has increased progressively over the last decade with frequent new capacity records. The 97 MW Sarnia Photovoltaic Power Plant went online in 2010. Huanghe Hydropower Golmud Solar Park reached 200 MW in 2012. In August 2012, Agua Caliente Solar Project in Arizona reached 247 MW only to be passed by three larger plants in 2013. In 2014, two plants were tied as largest: Topaz Solar Farm, a PV solar plant at 550 MWAC in central coast area and a second 550-MW plant, the Desert Sunlight Solar Farm located in the far eastern desert region of California. These two plants were superseded by a new world’s largest facility in June 2015 when the 579 MWAC Solar Star project went online in the Antelope Valley region of Los Angeles County, California. In 2016, the largest photovoltaic power station in the world was the 850 MW Longyangxia Dam Solar Park, in Gonghe County, Qinghai, China. Additional larger solar plants, including one over 200,000 MW, have been proposed around the world.

Companies

First Solar became the world’s largest solar cell maker in 2009, producing some 1,100 MW of product, with a 13% market share. Suntech was in second place with a production of 595 MW in 2009 and market share of 7%. Sharp Solar was far behind the leader with 580 MW of output. Q-Cells and its 540 MW output was fourth in 2009. Yingli Green Energy, JA Solar Holdings, SunPower, Kyocera, Motech Solar and Gintech rounded out the 2009 Top 10 ranking.

Trends

Photovoltaic production has been increasing by an average of some 20 percent each year since 2002, making it the world’s fastest-growing energy technology. At the end of 2009, the cumulative global PV installations surpassed 21,000 megawatts.

According to the China Greentech Report 2009, jointly issued by the PricewaterhouseCoopers and American Chamber of Commerce in Shanghai and released on 10 Sept in Dalian, China, the estimated size of China’s green technology market could be between US$500 billion and US$1 trillion annually, or as much as 15 percent of China’s forecasted GDP, in 2013. With the positive drivers from the Chinese government’s policies to develop green technology solution, China has already played a more important role in green technology market development. Following the announcements of the Chinese government in 2009 about the new subsidy scheme of “Golden Sun” to support solar industry development in China, some of the worldwide industry players have announced their development plans in this region, such as the agreement signed by LDK Solar regarding a solar project in Jiangsu province with a total capacity of 500MW, manufacturing facilities of polysilicon ingots and wafers, PV cells and PV modules to be built by Yingli Green Energy in Hainan Province, and the new thin film manufacturing plants of Tianwei Baoding and Anwell Technologies.

10 Habits To A Healthy Body

0 HABITS TO A HEALTHY BODY

Your future will be defined by your habits.

 

I’m ready to die anytime—right this minute if necessary. (I hope my wife isn’t reading this, because she hates it when I start talking this way.) My soul is prepared to go home to God at any moment.

But I also want to prepare for a long and healthy life—and that’s so possible. Studies show that the life span of human beings is getting longer. Babies born today have an average life span of 101 years old.

But hey, I don’t want to be lying down in bed when I hit 90! That’s the last thing I want to do. I want to be 90 and still be preaching around the world! And still be making love to my spouse. (Okay, I want my wife to read that one.)

Here are my 10 Habits To A Healthy Body:

1. Move!

I already mentioned that each morning, I do simple stretching and breathing Tai Chi movements—and pray to Jesus too—for 30 minutes. I also cycle for an hour on my stationary bike, all the while reading 5 chapters of the Bible and other spiritual books, or writing my journal in my laptop. I also do a few pushups, sit-ups, and chin-ups. I’ll never win Mr. Universe, but it’s enough to tone my muscles. I learned that when we hit 50, we start losing 1.5% of our muscle strength every year. This is the reason why you see a lot of 60-year-old people who are very weak today—because they didn’t move their body. So walk. Swim. Play badminton. Move!

2. Eat The Best Kinds Of Food

More than fourteen years ago, I stopped eating beef, pork, and chicken. Seven years ago, I also gave up crabs and shrimps. So my diet consists of fish and vegetables. At home, we eat organic brown rice and wheat bread. We also fry with soya oil or soybean oil. (Olive oil is too expensive.)

The Old Testament called certain foods unclean—like pork, crustaceans, shells, fish without scales—and modern science has found out that many of these foods have higher toxicity. Pork has more toxins than other meats. Crustaceans and shells are the scavengers of the sea. And because fish release their toxins through their scales, fish without scales have slightly more toxins. I’m not saying you shouldn’t eat these delicious food, but perhaps minimize them in your diet.

3. Juice Your Vegetables

Every morning, I drink fresh vegetable juice. I throw into my Juicer four large carrots, one long celery stick, and one apple. The advantage of juicing? By juicing, I’m able to consume 4 large carrots in two minutes flat—something that would take me one hour if I munched them. As I drink my juice every morning, I picture God nourishing me in every part of my body. It works!

4. Supplement

I’m a firm believer in taking supplements. I take a mega dose of vitamin C, fish oil (Omega 3), and other multi-vitamins. I also take a list of supplements too long to mention here. Before I drink them, I bless them.  So they contain a double punch!

5. Sleep Like a Babe

I usually dose off at 11:30 pm and wake up at 6:00 am. Six and a half hours is enough for me. If I feel a need to take a quick afternoon nap, I do it. I try to listen to my body. Praying before you sleep is fantastic because you’re able to surrender all your worries to God. So before I sleep, I do 20 minutes of my simple Tai Chi exercises again—as I surrender to Jesus all my stress. When I do this, I sleep like a babe.

6. Drink Enough

The first thing I do when I wake up is drink a glass of room temperature water. As I drink it, I ask the Holy Spirit to cleanse me. After my exercise, I drink my carrot juice. Here’s what I found out: For many of us, what we think are hunger pangs may just be our thirst. So when you feel hungry, drink water first. And eat water-rich foods like fruits and vegetables.

7. Work With Passion

Get into something your love to do. When you enjoy your work, it isn’t work. It’s play. And that keeps your body humming. If you can see your job as a sacred mission from God, you wake up in the morning with joy and excitement. Your body gets the message: “I need you to be healthy, because I’m here to bless the world.” (I have a TrulyRichClub where I coach people in their finances and work. To join, log on at www.TrulyRichClub.com now.)

8. Feel Your Feelings

Our bodies are simply the blueprints of our emotions. When we get sick in our bodies, many times, it’s simply manifesting our stress, our fears, our anxiety, and our unresolved angers. I strongly urge you to become aware of your emotions and bring them constantly to the Lord. Before Him, work through them. Feel them, yes. Respect your emotions, yes. But lay them at His feet and follow God only.

9. Be Happy

Be a positive person. If you’re a child of God, how can you not think positive? If you believe that “all things work for good to those who love God”, how can you not rejoice even in your problems? Happy people are generally healthier than unhappy people.

10. Love Well

What keeps me healthy? I play with my kids on the floor everyday. (I call it “floor time”.) Each week, I date my wife and hold hands often. And I have fantastic friends!

Once upon a time, an Elderly home had a very high death rate: One resident died each month. But one day, a volunteer came and started social activities among the old people. As the old people engaged with each other in conversation, the mortality rate plunged dramatically almost overnight. Just being in relationships will make you healthier. Imagine how healthy you will be if those relationships are deep and loving?

Be healthy, my friend. God needs you to bless the world.

May your dreams come true,

Special credit to Boo Sanchez a great mentor.

Why Does California Have So Many Wildfires Every Year?

A house set alight by the Camp Fire in Paradise, Calif., on Thursday. The fast-spreading fire has been burning 80 acres per minute.

A pregnant woman went into labor while being evacuated. Videos showed dozens of harrowing drives through fiery landscapes. Pleas appeared on social media seeking the whereabouts of loved ones. Survivors of a mass shooting were forced to flee approaching flames.

This has been California since the Camp Fire broke out early Thursday morning, burning 80 acres per minute and devastating the northern town of Paradise. Later in the day, the Woolsey Fire broke out to the south in Ventura and Los Angeles Counties, prompting the evacuation of all of Malibu.

What is it about California that makes wildfires so catastrophic? There are four key ingredients.

The first is California’s climate.

“Fire, in some ways, is a very simple thing,” said Park Williams, a bioclimatologist at Columbia University’s Lamont-Doherty Earth Observatory. “As long as stuff is dry enough and there’s a spark, then that stuff will burn.”

California, like much of the West, gets most of its moisture in the fall and winter. Its vegetation then spends much of the summer slowly drying out because of a lack of rainfall and warmer temperatures. That vegetation then serves as kindling for fires.

But while California’s climate has always been fire prone, the link between climate change and bigger fires is inextricable. “Behind the scenes of all of this, you’ve got temperatures that are about two to three degrees Fahrenheit warmer now than they would’ve been without global warming,” Dr. Williams said. That dries out vegetation even more, making it more likely to burn.

California’s fire record dates back to 1932; of the 10 largest fires since then, nine have occurred since 2000, five since 2010 and two this year alone, including the Mendocino Complex Fire, the largest in state history.

“In pretty much every single way, a perfect recipe for fire is just kind of written in California,” Dr. Williams said. “Nature creates the perfect conditions for fire, as long as people are there to start the fires. But then climate change, in a few different ways, seems to also load the dice toward more fire in the future.”

Even if the conditions are right for a wildfire, you still need something or someone to ignite it. Sometimes the trigger is nature, like a lightning strike, but more often than not humans are responsible.

“Many of these large fires that you’re seeing in Southern California and impacting the areas where people are living are human-caused,” said Nina S. Oakley, an assistant research professor of atmospheric science at the Desert Research Institute.

Deadly fires in and around Sonoma County last year were started by downed power lines. This year’s Carr Fire, the state’s sixth-largest on record, started when a truck blew out its tire and its rim scraped the pavement, sending out sparks.

“California has a lot of people and a really long dry season,” Dr. Williams said. “People are always creating possible sparks, and as the dry season wears on and stuff is drying out more and more, the chance that a spark comes off a person at the wrong time just goes up. And that’s putting aside arson.”

There’s another way people have contributed to wildfires: in their choices of where to live. People are increasingly moving into areas near forests, known as the urban-wildland interface, that are inclined to burn.

“In Nevada, we have many, many large fires, but typically they’re burning open spaces,” Dr. Oakley said. “They’re not burning through neighborhoods.”

Patients were evacuated from the Feather River Hospital in Paradise, Calif.CreditJustin Sullivan/Getty Images

It’s counterintuitive, but the United States’ history of suppressing wildfires has actually made present-day wildfires worse.

“For the last century we fought fire, and we did pretty well at it across all of the Western United States,” Dr. Williams said. “And every time we fought a fire successfully, that means that a bunch of stuff that would have burned didn’t burn. And so over the last hundred years we’ve had an accumulation of plants in a lot of areas.

“And so in a lot of California now when fires start, those fires are burning through places that have a lot more plants to burn than they would have if we had been allowing fires to burn for the last hundred years.”

In recent years, the United States Forest Service has been trying to rectify the previous practice through the use of prescribed or “controlled” burns.

Each fall, strong gusts known as the Santa Ana winds bring dry air from the Great Basin area of the West into Southern California, said Fengpeng Sun, an assistant professor in the department of geosciences at the University of Missouri-Kansas City.

Dr. Sun is a co-author of a 2015 study that suggests that California has two distinct fire seasons. One, which runs from June through September and is driven by a combination of warmer and drier weather, is the Western fire season that most people think of. Those wildfires tend to be more inland, in higher-elevation forests.

But Dr. Sun and his co-authors also identified a second fire season that runs from October through April and is driven by the Santa Ana winds. Those fires tend to spread three times faster and burn closer to urban areas, and they were responsible for 80 percent of the economic losses over two decades beginning in 1990.

It’s not just that the Santa Ana winds dry out vegetation; they also move embers around, spreading fires.

If the fall rains, which usually begin in October, fail to arrive on time, as they did this year, the winds can make already dry conditions even drier. During an average October, Northern California can get more than two inches of rain, according to Derek Arndt, chief of the monitoring branch at the National Centers for Environmental Information, part of the National Oceanic and Atmospheric Administration. This year, in some places, less than half that amount fell.

“None of these are like, record-breaking, historically dry for October,” Dr. Arndt said. “But they’re all on the dry side of history.”

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