Saturday, August 1, 2009
Talk about thinking out of the box...
If your company, Comb manufacturers assigned you to sell the comb to the monks in the temples? Can you do it?
What is your answer?
a) No Way , Impossible
b) Crazy
c) I will give it a try in order to follow my boss instruction
d) Well, I will try.
e) Ya, I think I can sell ??? (5pcs? 10pcs?50pcs? or more...you name it)
Pick an answer above and read below to find out if you are/you are going to be a successful person or not at all.
The Story : SELLING COMB TO THE MONKS =======================================
There was one company "manufacturing combs" which intends to expand its business and so the management wanted to employ a new Sales Manager.
The company ADVERTISED the vacancy in thenewspaper. They are so many people turned up for the interview everyday....accumulated to almost a hundred people in just few days...
The Company now having the problem to choose the right candidate for this position . So, The Company interviewer had set A Difficult Task to whom who want to come for final interview.
The Task Is To : Selling Comb To Monks InTemples
Only 3 Applicants willing to stay on for this Final Interview challenge. (Mr A , Mr B , Mr C)
The Chief Interviewer instructed: "Now Iwant three of you here to sell these wooden combs to themonks in the temples. You only have 10 days to do it and report to me after that ."
After 10 days, they reported .
The Chief Interviewer asked Mr A: Ho w many have you sold?
Mr A Answered: Only One.
The Chief Interviewer Asked: How did you manage to sell?
Mr A Answered: The monks in the temples scolded me when I show them the comb . But on my way back to down hill I met a young monk who bought it to scratch his head due to dandruff".
The Chief Interviewer then asked Mr B: Ho w manydid you sell?
Mr B replied: 10 pieces. I went to a shrine and noticed many devotees's hair was in bad shape due to strong wind outside the shrine. The monk in there listened to my advice and bought 10 combs for their devotees in showing respect to the Buddha statue.
Then, The Chief Interviewer asked Mr C: Ho wabout you?
Mr C replied: 1,000 units.
The Chief Interviewer and the other 2interviews were astounded.
The Chief Interviewer asked: Ho w you did that?
Mr C replied: I went to a famous temple. After observing for few days I discovered that there were many tourists. I then told the Chief Abbot there. "Sifu, those who come here are much devoted. If you could give them a gift, it will be more elating to them. I told him that I have a bulk of combs here and ask him to raft his handwriting on the combs as a present to those visit here. He was very delighted and straight away ordered 1,000 pieces."
The End of Story .
----
MORAL OF THE STORY ;
====================
HARVARD UNIVERSITY had done a research that says :-
1) 85% of success is due to attitude and 15% is capability
2) Attitude is more important than intelligence, specials skills and luck .
In another word, professional knowledge only constitutes for 15% of success of a person and 85% is due to self-cultivation, public relation and adaptability ability .
Still remember the story of Selling Shoes to African ? When 2 Salesmen were sent to that continent, one of them reported: Can not do it. No one wears shoes there? The second salesman said: It is good to market . A lot ofopportunity .
Success and Failure is dependant on how we face problems.
My dear friends ,
Do you know eagle lives up to about 70 of age? But when it reach about 40 yrs old, it claws start to age and can not grab the preys. It also can not fly as well. So, it is time for the eagle to make a choice; wait for thedeath or goes through a renewal process. If it choose to live, it must try its best flying to the top of the hill. Onthe hill top/summit, it will stay for 150 days. Over the top, it will hits it feathers to the stone so that they will drop and wait for the new ones to grow. After the feathershave grown enough which is about 150 days, it will continue its balance for 30 years life.
Remember, when the economic is good, there are peoples going bankrupt. When business is bad , there are many new millionaires produced as well. So, apply now the 85% rightworking attitude fully.
All the best!
What is your answer?
a) No Way , Impossible
b) Crazy
c) I will give it a try in order to follow my boss instruction
d) Well, I will try.
e) Ya, I think I can sell ??? (5pcs? 10pcs?50pcs? or more...you name it)
Pick an answer above and read below to find out if you are/you are going to be a successful person or not at all.
The Story : SELLING COMB TO THE MONKS =======================================
There was one company "manufacturing combs" which intends to expand its business and so the management wanted to employ a new Sales Manager.
The company ADVERTISED the vacancy in thenewspaper. They are so many people turned up for the interview everyday....accumulated to almost a hundred people in just few days...
The Company now having the problem to choose the right candidate for this position . So, The Company interviewer had set A Difficult Task to whom who want to come for final interview.
The Task Is To : Selling Comb To Monks InTemples
Only 3 Applicants willing to stay on for this Final Interview challenge. (Mr A , Mr B , Mr C)
The Chief Interviewer instructed: "Now Iwant three of you here to sell these wooden combs to themonks in the temples. You only have 10 days to do it and report to me after that ."
After 10 days, they reported .
The Chief Interviewer asked Mr A: Ho w many have you sold?
Mr A Answered: Only One.
The Chief Interviewer Asked: How did you manage to sell?
Mr A Answered: The monks in the temples scolded me when I show them the comb . But on my way back to down hill I met a young monk who bought it to scratch his head due to dandruff".
The Chief Interviewer then asked Mr B: Ho w manydid you sell?
Mr B replied: 10 pieces. I went to a shrine and noticed many devotees's hair was in bad shape due to strong wind outside the shrine. The monk in there listened to my advice and bought 10 combs for their devotees in showing respect to the Buddha statue.
Then, The Chief Interviewer asked Mr C: Ho wabout you?
Mr C replied: 1,000 units.
The Chief Interviewer and the other 2interviews were astounded.
The Chief Interviewer asked: Ho w you did that?
Mr C replied: I went to a famous temple. After observing for few days I discovered that there were many tourists. I then told the Chief Abbot there. "Sifu, those who come here are much devoted. If you could give them a gift, it will be more elating to them. I told him that I have a bulk of combs here and ask him to raft his handwriting on the combs as a present to those visit here. He was very delighted and straight away ordered 1,000 pieces."
The End of Story .
----
MORAL OF THE STORY ;
====================
HARVARD UNIVERSITY had done a research that says :-
1) 85% of success is due to attitude and 15% is capability
2) Attitude is more important than intelligence, specials skills and luck .
In another word, professional knowledge only constitutes for 15% of success of a person and 85% is due to self-cultivation, public relation and adaptability ability .
Still remember the story of Selling Shoes to African ? When 2 Salesmen were sent to that continent, one of them reported: Can not do it. No one wears shoes there? The second salesman said: It is good to market . A lot ofopportunity .
Success and Failure is dependant on how we face problems.
My dear friends ,
Do you know eagle lives up to about 70 of age? But when it reach about 40 yrs old, it claws start to age and can not grab the preys. It also can not fly as well. So, it is time for the eagle to make a choice; wait for thedeath or goes through a renewal process. If it choose to live, it must try its best flying to the top of the hill. Onthe hill top/summit, it will stay for 150 days. Over the top, it will hits it feathers to the stone so that they will drop and wait for the new ones to grow. After the feathershave grown enough which is about 150 days, it will continue its balance for 30 years life.
Remember, when the economic is good, there are peoples going bankrupt. When business is bad , there are many new millionaires produced as well. So, apply now the 85% rightworking attitude fully.
All the best!
Saturday, July 18, 2009
Friday, July 17, 2009
+Thrive+Jan+2009.GIF)
+Thrive+Jan+2009.GIF)
Thursday, July 16, 2009
Unit Trust In Brief
A unit trust is a financial vehicle through which individuals may invest their money. The idea behind unit trust is better returns through collective investing. In other words, it means pooling the investments of many investors, individuals and institutions.
Investing in a unit trust offers investors numerous advantages, including:
a. Professional management at a low cost
b. Safety through the spreading of risk (diversification)
c. Liquidity
d. Ease of transaction
e. Capital appreciation/income stream
The operation of a unit trust may be best explained by outlining its similarities with the operation of a bank. Many individuals deposit money in the banks, for which they receive interest. These individuals expect complete liquidity where they are able to withdraw their deposits in cash at any time. The banks employ professional managers to look after the deposits, which are invested. These managers lend the deposits to other individuals requiring funds and a host of other profit generating facilities of the banks.
Similarly, unit trust holders wish to put their money to generate higher returns. The goal of all investments is to make money work harder, either through producing income or growth. Unit trust holders have liquidity because their units can be readily converted into cash at any time. By investing in unit trusts, it allows them to engage professional fund management companies at a low cost to the individual investors. These management companies diversify the investible funds in many different securities and other approved channels to spread the risk.
The unit trust is constituted through a document known as a Deed which brings together and binds the various parties to the deed:
* The trustee, who holds the assets of the trusts on behalf of the unitholders.
* The management company, who is the promoter of the scheme and provides investment and administrative expertise as well as markets units to the public.
* The unitholders who provide the funds for investment and expect to receive the benefits derived from the investment. The effect of dividing the beneficiaries' interest in the trust into units is that their interest is quantified into discrete portions.
Particular advantages of unit trusts over the pooled investments include:
* The provision of an independent trustee to hold the trust's assets on behalf of unitholders and to watch over their interests on an on-going basis.
* The deed and prospectus are scrutinised by government authorities, prior to an offer of units being made to the general public. The management companies and trustee are themselves approved by the regulators.
* A buy back provision or covenant in each deed which requires the management company to redeem an investor's units within a specified time limit at a price determined in accordance with the deed.
* Provisions in the deed under which the management company and trustee are in a fiduciary position in relation to the trust (i.e. they can only profit in ways laid down under the deed). The investor can determine in advance what costs and charges they will be required to pay to join and stay in the trust.
Investing in a unit trust offers investors numerous advantages, including:
a. Professional management at a low cost
b. Safety through the spreading of risk (diversification)
c. Liquidity
d. Ease of transaction
e. Capital appreciation/income stream
The operation of a unit trust may be best explained by outlining its similarities with the operation of a bank. Many individuals deposit money in the banks, for which they receive interest. These individuals expect complete liquidity where they are able to withdraw their deposits in cash at any time. The banks employ professional managers to look after the deposits, which are invested. These managers lend the deposits to other individuals requiring funds and a host of other profit generating facilities of the banks.
Similarly, unit trust holders wish to put their money to generate higher returns. The goal of all investments is to make money work harder, either through producing income or growth. Unit trust holders have liquidity because their units can be readily converted into cash at any time. By investing in unit trusts, it allows them to engage professional fund management companies at a low cost to the individual investors. These management companies diversify the investible funds in many different securities and other approved channels to spread the risk.
The unit trust is constituted through a document known as a Deed which brings together and binds the various parties to the deed:
* The trustee, who holds the assets of the trusts on behalf of the unitholders.
* The management company, who is the promoter of the scheme and provides investment and administrative expertise as well as markets units to the public.
* The unitholders who provide the funds for investment and expect to receive the benefits derived from the investment. The effect of dividing the beneficiaries' interest in the trust into units is that their interest is quantified into discrete portions.
Particular advantages of unit trusts over the pooled investments include:
* The provision of an independent trustee to hold the trust's assets on behalf of unitholders and to watch over their interests on an on-going basis.
* The deed and prospectus are scrutinised by government authorities, prior to an offer of units being made to the general public. The management companies and trustee are themselves approved by the regulators.
* A buy back provision or covenant in each deed which requires the management company to redeem an investor's units within a specified time limit at a price determined in accordance with the deed.
* Provisions in the deed under which the management company and trustee are in a fiduciary position in relation to the trust (i.e. they can only profit in ways laid down under the deed). The investor can determine in advance what costs and charges they will be required to pay to join and stay in the trust.
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