Have you ever heard of a stop placement strategy that trails stop based on previous 'high' points? It is called Chandelier exit as it hangs down from the high point or the ceiling of our trade, just as a chandelier hangs from a room ceiling. The distance, which is usually calculated from the high point to the trailing stop; could also be calculated in dollars or in contract based points. However, the value of this trailing stop moves upward very promptly as higher highs is reached.
The Chandelier Exit, which has a trailing stop from either the highest high of the trade or the highest close of the trade, is best measured in units of Average True Range (ATR). One of the many factors leading to use ATR for measuring the distance from the high to our stop is that, it is pertinent across markets and is adaptive to changes in unpredictability.
The essence of this calculative measure is that, even on expansion and contraction of trading ranges, our stop will automatically adjust and move to the apt level, thereby, constantly staying in tune with changing market conditions. Chandelier Exit is one of the most tried exit methodology used across a varied portfolio of futures markets to generate profitable test results.
It is imperative that the changes in unpredictability can curtail or stretch the distance to the actual stop, since the highs used to hang the Chandelier move only upward. However, in order to witness less fluctuation in the stop distance, you can use a longer moving average to calculate Average True Range. In other ways, shorter moving average is required, in case you want the stop placement to be more adaptive to fluctuating market conditions.
When short averages for the ATR is used; brief periods of small ranges can bring the stops too close, abnormally resulting in premature exit. To avoid this, you can have a short and highly adaptive ATR while calculating a short average and a longer average and using the average that produces the widest stop.
Although Chandelier Exit differs from Channel Exit (which trails a stop based on previous 'low' points), the combination of both, where the trade is initialized by the trailing Channel Exit and then adding the Chandelier Exit, after the price has moved away from the entrance point, will help in making the open trade lucrative. Here the Channel Exit is fastened at a low point and does not move up as new profits are accomplished. At the same time, it is necessary to have the Chandelier Exit at the right position so that the exits are never too far away from the high point of the trade.
The fundamentals behind combining the exit techniques, Channel and Chandelier exit is that, while Channel Exit as a suitable stop that very steadily rises at the commencement of the trade, switching over to Chandelier Exit is necessary to ensure better exit that protects more of our profit. This feature makes Chandelier Exit one of the most sought after rational exits from the profitable trades.
Monday, August 17, 2009
Real Estate Sellers Revolt! Rejecting Ridiculous Offers
It is in the past that we find the quaint efficient way to handle the negotiations of the real estate contract.
The simple concept of 'in good faith' has (over time) been strengthened by the holding of earnest money. Earnest Money and Faith are held hand in hand. Hence, the seller and the buyer have typically agreed to earnestly act in good faith in order to make a real estate deal happen.
The Realtors and the real estate attorneys involved in the transaction take on the roles of coach and referee, while the mortgage lender provides the ball. Pulling a fake out will be grounds for a penalty, so remember to act earnestly (and always) proceed in good faith.
The subject at hand, has to do with today's real estate market.
The market has had a huge shift in prices, and reasonable sellers have lowered their expectations along with their prices. It took some time, but the adjustment seems to have taken place across many real estate markets.
Unfortunately, the adjustment has not made it over to the buyers side.
Rumors and misinformation have filled the minds of reasonable buyers and turned them into vultures looking for road kill. There is a supposition that all sellers are in foreclosure and desperate to sell their homes. The news media reiterates this information daily.
And, here, below, is a look at how this type of transaction works in real life:
The sellers get the offer, it's 30% below list price.
NOTE: The sellers have already priced their home 30% below market value (what they would have received a year ago. Their home is adjusted for what is now current fair market value.
The sellers counter offer looks something like this:
"We will reject your offer. See, we are not desperate. We just want a reasonable offer, not a low ball offer 30% off our asking price. Okay, to be fair, we will counter the offer.
Absolutely, counter it at full price, not a penny less."
The buyer then cops an attitude:
"There are plenty of homes on the market and I will just keep looking until I find someone who wants to actually sell their home."
As the Realtor, let me interject:
"The sellers have made their home sparkling clean, model perfect; they have packed up most of their daily possessions; they have brought the home to new current market values...they have had the home pre-inpsected and are offering a home warranty with it as well. It should handily appraise. The sellers aren't in foreclosure, what information are you basing your offer on other than you were told all sellers are desperate and they will accept any price? "
The buyer:
"This is a buyers market and if the seller is going to be unreasonable, I will just keep looking."
A thought about this. The sellers may be facing a difficult selling market, but unless you are a cash buyer, the seller has to take it your offer on good faith; that you will earnestly march forth and provide the lender with all the documents that they may need to get you (the buyer) through to the closing table.
What if sellers took the stance that all buyers (except cash buyers, got to love’em) were unqualified because of new strict lending policies or looming layoffs. Yes, you may qualify now, but rumors that the ax is falling on more jobs means that you may never close.The negotiation of real estate purchases is still a two way street.
People typically buy houses to make them into a home. If you are an investor, stick with the foreclosures. If you are honestly looking for a house for you and your family to call a home, then proceed in such a manner.
Again, from the sellers:
"When you get serious about offering a negotiable price, we can move forward. We are not overly proud nor are we desperate. If you don't want the house at a fair price, and don't want to act in good faith, maybe this house isn't for you. We are looking for someone to work with. Someone who will love our home, the moment they enter it. Not someone looking for roadkill. In the mean time, we are going to seek other buyers."
This conversation, sprinkled with a little attitude and you have a perfect recipe for a terrible sandwich. One that will leave a bad taste for real estate in everyones' mouth.
A Home Quiz for you:
Have you heard any of these sayings before?
Home is where the heart is.
Home is where my honey is.
Home, sweet home.
Ahh, I thought so.
Real estate is a good sound investment. The home buying and selling transaction is like none other. It is tied to heart strings...emotions. If you find a home you love, proceed forward with your negotiations, and be realistic. Eventually, the shoe will be on the other foot, and someday you will be the home seller. You will find yourself hoping that someone will come along and buy your home, and that they too, will love it like you do.
The simple concept of 'in good faith' has (over time) been strengthened by the holding of earnest money. Earnest Money and Faith are held hand in hand. Hence, the seller and the buyer have typically agreed to earnestly act in good faith in order to make a real estate deal happen.
The Realtors and the real estate attorneys involved in the transaction take on the roles of coach and referee, while the mortgage lender provides the ball. Pulling a fake out will be grounds for a penalty, so remember to act earnestly (and always) proceed in good faith.
The subject at hand, has to do with today's real estate market.
The market has had a huge shift in prices, and reasonable sellers have lowered their expectations along with their prices. It took some time, but the adjustment seems to have taken place across many real estate markets.
Unfortunately, the adjustment has not made it over to the buyers side.
Rumors and misinformation have filled the minds of reasonable buyers and turned them into vultures looking for road kill. There is a supposition that all sellers are in foreclosure and desperate to sell their homes. The news media reiterates this information daily.
And, here, below, is a look at how this type of transaction works in real life:
The sellers get the offer, it's 30% below list price.
NOTE: The sellers have already priced their home 30% below market value (what they would have received a year ago. Their home is adjusted for what is now current fair market value.
The sellers counter offer looks something like this:
"We will reject your offer. See, we are not desperate. We just want a reasonable offer, not a low ball offer 30% off our asking price. Okay, to be fair, we will counter the offer.
Absolutely, counter it at full price, not a penny less."
The buyer then cops an attitude:
"There are plenty of homes on the market and I will just keep looking until I find someone who wants to actually sell their home."
As the Realtor, let me interject:
"The sellers have made their home sparkling clean, model perfect; they have packed up most of their daily possessions; they have brought the home to new current market values...they have had the home pre-inpsected and are offering a home warranty with it as well. It should handily appraise. The sellers aren't in foreclosure, what information are you basing your offer on other than you were told all sellers are desperate and they will accept any price? "
The buyer:
"This is a buyers market and if the seller is going to be unreasonable, I will just keep looking."
A thought about this. The sellers may be facing a difficult selling market, but unless you are a cash buyer, the seller has to take it your offer on good faith; that you will earnestly march forth and provide the lender with all the documents that they may need to get you (the buyer) through to the closing table.
What if sellers took the stance that all buyers (except cash buyers, got to love’em) were unqualified because of new strict lending policies or looming layoffs. Yes, you may qualify now, but rumors that the ax is falling on more jobs means that you may never close.The negotiation of real estate purchases is still a two way street.
People typically buy houses to make them into a home. If you are an investor, stick with the foreclosures. If you are honestly looking for a house for you and your family to call a home, then proceed in such a manner.
Again, from the sellers:
"When you get serious about offering a negotiable price, we can move forward. We are not overly proud nor are we desperate. If you don't want the house at a fair price, and don't want to act in good faith, maybe this house isn't for you. We are looking for someone to work with. Someone who will love our home, the moment they enter it. Not someone looking for roadkill. In the mean time, we are going to seek other buyers."
This conversation, sprinkled with a little attitude and you have a perfect recipe for a terrible sandwich. One that will leave a bad taste for real estate in everyones' mouth.
A Home Quiz for you:
Have you heard any of these sayings before?
Home is where the heart is.
Home is where my honey is.
Home, sweet home.
Ahh, I thought so.
Real estate is a good sound investment. The home buying and selling transaction is like none other. It is tied to heart strings...emotions. If you find a home you love, proceed forward with your negotiations, and be realistic. Eventually, the shoe will be on the other foot, and someday you will be the home seller. You will find yourself hoping that someone will come along and buy your home, and that they too, will love it like you do.
Internet Sociology – Social Media
Social Media is an extremely popular means of discovering, reading and sharing information and news. By merging together the world of technology with people’s natural inclination to communicate, social media has created a powerful and unique tool that if understood and used properly can be used by business to increase their ROI.
This is done by coupling a sound PR and marketing strategy with a social media campaign in order to get your message out to millions of potential customers quickly, efficiently and effectively.
Through the use of article PR, blogs, micro-blogs, social networking sites, business networking sites, online profiles and more, social media makes it possible to capitalize on the multitudes of people online who are willing to share what you have to say with their family, friends, co-workers and associates.
By providing a near instantaneous response, social media has given the term “viral marketing” a whole new meaning since one message sent out on a platform such as Twitter can literally reach tens of thousands a readers in minutes.
But how do you capitalize on social media?
According to the list of 2009's Top Small Business Trends published in USATODAY.com, three of the top five spots all involve how the Internet can be used by small business to win in this struggling economy. The examples given include interactive Internet actions that enable even small businesses to reach existing and potential customers like never before; how blogs, online video and other online tools can be used to create big marketing campaigns for much less than "traditional" campaigns; and finally social networking tools such as Facebook and countless more which can help a business owner not only communicate with the public that buys their products/services but also find potential connections to new opportunities.
The bare bones minimum to taking advantage of online marketing and PR is a website and most of you reading this have a website which is good, but is your website working for you? Can your public easily find you on a search? When they do is the search engine entry tasty enough to make them click? What about the competition? And how does PR fit into the mix?
What if you could quickly and substantially increase your presence on the Internet resulting in even a handful of new clients? How much profit would those clients represent compared to the cost of online campaigns versus traditional campaigns?
The key is PR. Public Relations makes you and your products known and well thought of so that any marketing you do is that much more effective. If you don't already have a well thought out and planned Social Media PR campaign - get one! It is a lot more than just blasting your message blindly to all the social networks.
In 2009 you have to move faster. The Internet moves at the speed of light and so must you if you are going to keep up and beat not only your competition but also the economic crisis.
This is done by coupling a sound PR and marketing strategy with a social media campaign in order to get your message out to millions of potential customers quickly, efficiently and effectively.
Through the use of article PR, blogs, micro-blogs, social networking sites, business networking sites, online profiles and more, social media makes it possible to capitalize on the multitudes of people online who are willing to share what you have to say with their family, friends, co-workers and associates.
By providing a near instantaneous response, social media has given the term “viral marketing” a whole new meaning since one message sent out on a platform such as Twitter can literally reach tens of thousands a readers in minutes.
But how do you capitalize on social media?
According to the list of 2009's Top Small Business Trends published in USATODAY.com, three of the top five spots all involve how the Internet can be used by small business to win in this struggling economy. The examples given include interactive Internet actions that enable even small businesses to reach existing and potential customers like never before; how blogs, online video and other online tools can be used to create big marketing campaigns for much less than "traditional" campaigns; and finally social networking tools such as Facebook and countless more which can help a business owner not only communicate with the public that buys their products/services but also find potential connections to new opportunities.
The bare bones minimum to taking advantage of online marketing and PR is a website and most of you reading this have a website which is good, but is your website working for you? Can your public easily find you on a search? When they do is the search engine entry tasty enough to make them click? What about the competition? And how does PR fit into the mix?
What if you could quickly and substantially increase your presence on the Internet resulting in even a handful of new clients? How much profit would those clients represent compared to the cost of online campaigns versus traditional campaigns?
The key is PR. Public Relations makes you and your products known and well thought of so that any marketing you do is that much more effective. If you don't already have a well thought out and planned Social Media PR campaign - get one! It is a lot more than just blasting your message blindly to all the social networks.
In 2009 you have to move faster. The Internet moves at the speed of light and so must you if you are going to keep up and beat not only your competition but also the economic crisis.
Residential And Business Communication Needs
Communication is the basic need of every individual on Earth. Unlike the olden days when the communication options were very limited, today, with great advancements in technology there are many forms of communication available. We are of course living in an age of advanced communication and there are countless numbers of communication options to choose from. However, not all the communication options available today will satisfy the communication needs of everyone. In general communication options can be broadly classified as residential and business solutions.
The Local & Long Distance Calls
Conventional telephone calling is one of the basic needs for any residence or business establishment. Local calls are now cheap. The main issue is with the charges involved in making long distance calls. Longs distance calls with maximum voice clarity never come cheap. Signing up with some unlimited phone service providers will save a lot of money spent in making local and long distance calls.
High Speed DSL Internet
We cannot imagine a world without internet today. The convenience that the Internet has added to our lives is huge. Originating as low speed dial up type connections, internet has seen lots of advancements through the recent years. The introduction of the high speed DSL internet connections has changed the way people use the Internet. Unlike the olden days when the internet was mainly used to send and receive emails, today, with the availability of high speeds, people can watch full length movie online. Transferring huge files across the Globe for business deals is no big deal today. High speed DSL internet has made it possible to transfer any files to any place on the planet with a mouse click.
Audio Conferencing
When it comes to multinational businesses, audio conferencing is a must. Audio conferencing makes it possible to manage and speak to employees in all the parts of the world at once. Audio conferencing is proven to be much needed to ease the management of multinational companies. This method of communication makes it possible to transfer an idea or message to a group of people at the same time so that each of them can clarify the idea within that group. Audio conferencing is widely used for business purposes rather than residential needs.
If you are in need of both business and residential communication solutions, you should look for the cheap telecommunications service providers. They will provide all the communication solutions which can be maintained under a single utility bill. This will help you to save a lot of money and will make it easier to manage your communication utility bills.
Looking for a provider?
Connect with Spectrotel, a provider of the aforementioned services and learn more about the Spectrotel difference.
The Local & Long Distance Calls
Conventional telephone calling is one of the basic needs for any residence or business establishment. Local calls are now cheap. The main issue is with the charges involved in making long distance calls. Longs distance calls with maximum voice clarity never come cheap. Signing up with some unlimited phone service providers will save a lot of money spent in making local and long distance calls.
High Speed DSL Internet
We cannot imagine a world without internet today. The convenience that the Internet has added to our lives is huge. Originating as low speed dial up type connections, internet has seen lots of advancements through the recent years. The introduction of the high speed DSL internet connections has changed the way people use the Internet. Unlike the olden days when the internet was mainly used to send and receive emails, today, with the availability of high speeds, people can watch full length movie online. Transferring huge files across the Globe for business deals is no big deal today. High speed DSL internet has made it possible to transfer any files to any place on the planet with a mouse click.
Audio Conferencing
When it comes to multinational businesses, audio conferencing is a must. Audio conferencing makes it possible to manage and speak to employees in all the parts of the world at once. Audio conferencing is proven to be much needed to ease the management of multinational companies. This method of communication makes it possible to transfer an idea or message to a group of people at the same time so that each of them can clarify the idea within that group. Audio conferencing is widely used for business purposes rather than residential needs.
If you are in need of both business and residential communication solutions, you should look for the cheap telecommunications service providers. They will provide all the communication solutions which can be maintained under a single utility bill. This will help you to save a lot of money and will make it easier to manage your communication utility bills.
Looking for a provider?
Connect with Spectrotel, a provider of the aforementioned services and learn more about the Spectrotel difference.
Small Business - Internet Presence Is A Must
It seems like every day another large business announces more layoffs, plant closings, reorganization, or all of the above. Lost somewhere in the headlines are the hardships small business owners are facing. Businesses are seeing a dramatic drop in sales and have to lower profit margins to stay competitive. Most large businesses have the resources and revenue to withstand the current economy, where as many small businesses have been forced to shut down.
In the current economic conditions, it has never been more important for small businesses to have a presence on the internet. Whether you join an advertising network, create a website, or promote your product(s) on social media sites; an internet presence is a must. When your local and regional sales are down, your internet revenue can keep keep your business alive.
As everyone knows, advertising can be very expensive depending on what your trying to sell. Social media sites, blogs, and forums can be an effective and inexpensive way to get what your offering in front of alot of people. However, it's a very tedious and time consuming task. Realistically, none of those methods can reach their full potential if you don't have a website for your potential customers to go to and get more information about your business and product(s).
The first step in getting your business online is to get your website up and running. The amount of options you have are staggering. So the question is - Where do you start? The answer to that question depends on you and your product(s). There are 3 basic options for website creation.
1. If you have a large product base and/or do not have alot of internet knowledge, it's probably worth investing in a professional website design service. This can give you the exact look and feel you want, but comes at a much greater expense.
2. If you have only a few products and/or have some basic computer knowledge, a quality web hosting company could be a better way to go. They are relatively inexpensive, have very easy to use templates, and have many extras included or available.
3. A pre-designed web store is quite possibly the fastest, easiest, and most economical way to go. These are ready to go, customizable, complete with shopping cart websites you could have up and running in a few hours. If you are just starting out or don't want to deal with the hassles and expense of the options above, this is probably the best way to go.
How ever you choose to promote your small business on the internet, you must keep a few things in mind.
1. Are you internet literate? Are you willing to learn?
2. How much are you willing to spend to get your small business on the internet?
3. Once you have your business on the internet, what are your goals?
There are already millions upon millions of websites for people to browse. What kind of plan do you have for yours? Getting your small business online is only the first 1% of your journey. The other 99% is finding a way to stand out from the rest.
In the current economic conditions, it has never been more important for small businesses to have a presence on the internet. Whether you join an advertising network, create a website, or promote your product(s) on social media sites; an internet presence is a must. When your local and regional sales are down, your internet revenue can keep keep your business alive.
As everyone knows, advertising can be very expensive depending on what your trying to sell. Social media sites, blogs, and forums can be an effective and inexpensive way to get what your offering in front of alot of people. However, it's a very tedious and time consuming task. Realistically, none of those methods can reach their full potential if you don't have a website for your potential customers to go to and get more information about your business and product(s).
The first step in getting your business online is to get your website up and running. The amount of options you have are staggering. So the question is - Where do you start? The answer to that question depends on you and your product(s). There are 3 basic options for website creation.
1. If you have a large product base and/or do not have alot of internet knowledge, it's probably worth investing in a professional website design service. This can give you the exact look and feel you want, but comes at a much greater expense.
2. If you have only a few products and/or have some basic computer knowledge, a quality web hosting company could be a better way to go. They are relatively inexpensive, have very easy to use templates, and have many extras included or available.
3. A pre-designed web store is quite possibly the fastest, easiest, and most economical way to go. These are ready to go, customizable, complete with shopping cart websites you could have up and running in a few hours. If you are just starting out or don't want to deal with the hassles and expense of the options above, this is probably the best way to go.
How ever you choose to promote your small business on the internet, you must keep a few things in mind.
1. Are you internet literate? Are you willing to learn?
2. How much are you willing to spend to get your small business on the internet?
3. Once you have your business on the internet, what are your goals?
There are already millions upon millions of websites for people to browse. What kind of plan do you have for yours? Getting your small business online is only the first 1% of your journey. The other 99% is finding a way to stand out from the rest.
Leadership Skills – the Real Competencies of the Effective Leader
The Effective Leader works at building up and maintaining a series of Leadership Competencies which they use to do their job. By ‘competencies’ we do not mean ‘natural’ attributes, personality styles or skills. Competency is something, either natural or learnt, which is practiced and used effectively to achieve their desired goals. For example, someone may be charismatic, but this is only a ‘competency’ if they are consciously aware of this attribute, and use it purposefully to influence others positively. Competency covers knowledge, skills, practices and processes of the Effective Leader.
The Real Key Leadership Competencies
The following is the Top 7 groups of key working competencies. This is what the experienced, successful Leader is actually doing, the REAL competencies –
1. Influences Others. A Leader must have the ability to get others to act in the desired way. They have the ability to win respect from those who must be influenced, and to build mutual respect. They will give directions and expectations in an appropriate way to influence others to act, and they are also open to ideas and listen actively to others. They walk the talk, influencing others by modelling the behaviour, and they reinforce the appropriate attitude, behaviour and performance in others. They communicate to the group in a way that sways the group towards behaving in the desired way.
2. Fosters Accountability. A Leader establishes in their team members a commitment to achieving results by building a culture of accountability. Again, they model this with their behaviour, displaying accountability for themselves, their own areas of accountability and their team. They use fair processes and they organise action plans for sharing workload and effort. They have open Team Process for identifying stress points and for accessing help from other Team Members. They promote accountability and hold each Team Member personally responsible for their area. They react to deadline and targets with positive or corrective feedback.
3. Builds Positive Working Relationships. A Leader actively builds a network of positive working relationships, both internally with other department & colleagues, and externally with clients. They take responsibility for ensuring that a relationship is positive and effective, that it works well for both parties. A Leader actively seeks to demonstrate respect for self and respect for others. They investigate the goals, targets and stressors of other departments, and of clients, ensuring they work well with them to achieve common goals. They explore and use various styles, techniques and communication methods to achieve successful results and build good relationships.
4. Coaches for Improvement / Results. A Leader develops the potential of every Team Member and ensures that they are achieving the desired performance. They work with each to ensure each is contributing positively to the team dynamic. They read others – to appreciate their strengths, areas for development, personality style, learning style and motivators. They plan a development strategy for each, and hold effective, motivating coaching sessions.
5. Communicates Effectively. A Leader PLANS how they communicate, identifying the objectives, the method, the structure etc. They review the outcome of the communication and they learn from this. They use different forms of communication effectively, the right channel for the given task. They lead meetings effectively. They plan, structure and facilitate the meeting to achieve the desired outcome. They use their Leadership presence effectively in interactions, to listen, respond, influence and persuade.
6. Works Effectively. A successful Leader plans their own workload, prioritising key tasks and ensuring the appropriate allocation of time and effort to achieve the required results. They organise and structure, building good working processes, systems and habits so that they can effectively achieve their objectives, goals and targets. They translate objectives/project requirements into an achievable work plan, anticipating obstacles. They prioritise tasks, establishing a clear focus and direction for others to follow. They think ahead to anticipate changing business requirements which could affect priorities and plans. The Effective Leader continuously improves. They plan what improvements they will introduce, when and how these improvements will be implemented.
7. Builds a High Performing Team. The Leader ensures that their Team will achieve their Team Goals & targets, will achieve the desired performance and is well placed to achieve future INCREASED targets. They understand group dynamics and what influences this. They organises the Team and build good team processes. They communicate well to the Team, about the business, the Team Purpose, progress on goal achievement etc. They fives feedback, celebrate goal achievement and motivates to improve. They challenge and encourage the team to improve, find new ways of doing things and to develop the desired competencies and team values.
The Real Key Leadership Competencies
The following is the Top 7 groups of key working competencies. This is what the experienced, successful Leader is actually doing, the REAL competencies –
1. Influences Others. A Leader must have the ability to get others to act in the desired way. They have the ability to win respect from those who must be influenced, and to build mutual respect. They will give directions and expectations in an appropriate way to influence others to act, and they are also open to ideas and listen actively to others. They walk the talk, influencing others by modelling the behaviour, and they reinforce the appropriate attitude, behaviour and performance in others. They communicate to the group in a way that sways the group towards behaving in the desired way.
2. Fosters Accountability. A Leader establishes in their team members a commitment to achieving results by building a culture of accountability. Again, they model this with their behaviour, displaying accountability for themselves, their own areas of accountability and their team. They use fair processes and they organise action plans for sharing workload and effort. They have open Team Process for identifying stress points and for accessing help from other Team Members. They promote accountability and hold each Team Member personally responsible for their area. They react to deadline and targets with positive or corrective feedback.
3. Builds Positive Working Relationships. A Leader actively builds a network of positive working relationships, both internally with other department & colleagues, and externally with clients. They take responsibility for ensuring that a relationship is positive and effective, that it works well for both parties. A Leader actively seeks to demonstrate respect for self and respect for others. They investigate the goals, targets and stressors of other departments, and of clients, ensuring they work well with them to achieve common goals. They explore and use various styles, techniques and communication methods to achieve successful results and build good relationships.
4. Coaches for Improvement / Results. A Leader develops the potential of every Team Member and ensures that they are achieving the desired performance. They work with each to ensure each is contributing positively to the team dynamic. They read others – to appreciate their strengths, areas for development, personality style, learning style and motivators. They plan a development strategy for each, and hold effective, motivating coaching sessions.
5. Communicates Effectively. A Leader PLANS how they communicate, identifying the objectives, the method, the structure etc. They review the outcome of the communication and they learn from this. They use different forms of communication effectively, the right channel for the given task. They lead meetings effectively. They plan, structure and facilitate the meeting to achieve the desired outcome. They use their Leadership presence effectively in interactions, to listen, respond, influence and persuade.
6. Works Effectively. A successful Leader plans their own workload, prioritising key tasks and ensuring the appropriate allocation of time and effort to achieve the required results. They organise and structure, building good working processes, systems and habits so that they can effectively achieve their objectives, goals and targets. They translate objectives/project requirements into an achievable work plan, anticipating obstacles. They prioritise tasks, establishing a clear focus and direction for others to follow. They think ahead to anticipate changing business requirements which could affect priorities and plans. The Effective Leader continuously improves. They plan what improvements they will introduce, when and how these improvements will be implemented.
7. Builds a High Performing Team. The Leader ensures that their Team will achieve their Team Goals & targets, will achieve the desired performance and is well placed to achieve future INCREASED targets. They understand group dynamics and what influences this. They organises the Team and build good team processes. They communicate well to the Team, about the business, the Team Purpose, progress on goal achievement etc. They fives feedback, celebrate goal achievement and motivates to improve. They challenge and encourage the team to improve, find new ways of doing things and to develop the desired competencies and team values.
What You Should Know About An Online Brokerage Firm?
There are currently many options out there for people who are interested in obtaining services from an online brokerage firm. As the internet becomes more and more important for most of our daily needs, companies are offering more choices to do things online. Traditional brokerage houses offer trained financial advisors and place a strong focus on the client relationship; whereas firms on the internet tend to focus on the savings and convenience that is provided.
The main benefit to dealing with a brokerage firm on the internet is the cost. Because there is no face-to-face interaction, the overhead that the company has is lower than with a traditional brokerage company and therefore the commission rates and other services are usually not as high.
For this reason, and because the brokers are usually not as experienced as a trained stockbroker, brokers on the internet are often referred to as discount brokers. You usually don't need to install any online banking software and that makes any PC banking you do a lot more straightforward.
Another benefit that a broker on the internet may offer is the choice to use the brokerage firm as a bank. There are a lot of bank online services that could be offered. You may be able to write checks off the money you are using in investments.
You can borrow money against that which you have invested, usually at a much lower rate than you would get elsewhere and you have all your finances located in one spot so dealing with paperwork is easier, especially around tax time. You can usually get a high interest savings account as well, which is usually at a better rate than a bank can offer.
Most people want to know that their money is in good hands, and at an online brokerage firm there may be more uncertainty. There is a reason why the commission fees are lower, as the people in charge of your funds may not actually have the formal training and education that stockbrokers and financial advisors have received.
This could mean that mistakes are made more often than not, but it could also mean that clients could be misled and their money mismanaged by errors or for the broker's personal gain. Knowledge of how to bank online and how to manage your money through the internet is very important.
If you use a brokerage company that is on the internet as your bank, then there tends to be higher costs that offset some of the advantages; thus you may not feel you are receiving a top banking service. Things that we take for granted with banks may be more expensive at a brokerage house, even with simple online checking accounts.
ATM user fees tend to be high, automatic billing services usually have fees, and you may be required to maintain a certain amount of money in your investments. An online banking service could come with a high price tag.
So should you use an online brokerage company? It really depends on your experience and comfort level. If you have a significant amount of knowledge of investments and the broker/company comes recommended by people you trust, then you can comfortably take advantage of the pros. If it is a new online banking approach for you, however, then it is probably safer to pay the higher commission fees and sign on with a broker that you can speak to face-to-face.
The main benefit to dealing with a brokerage firm on the internet is the cost. Because there is no face-to-face interaction, the overhead that the company has is lower than with a traditional brokerage company and therefore the commission rates and other services are usually not as high.
For this reason, and because the brokers are usually not as experienced as a trained stockbroker, brokers on the internet are often referred to as discount brokers. You usually don't need to install any online banking software and that makes any PC banking you do a lot more straightforward.
Another benefit that a broker on the internet may offer is the choice to use the brokerage firm as a bank. There are a lot of bank online services that could be offered. You may be able to write checks off the money you are using in investments.
You can borrow money against that which you have invested, usually at a much lower rate than you would get elsewhere and you have all your finances located in one spot so dealing with paperwork is easier, especially around tax time. You can usually get a high interest savings account as well, which is usually at a better rate than a bank can offer.
Most people want to know that their money is in good hands, and at an online brokerage firm there may be more uncertainty. There is a reason why the commission fees are lower, as the people in charge of your funds may not actually have the formal training and education that stockbrokers and financial advisors have received.
This could mean that mistakes are made more often than not, but it could also mean that clients could be misled and their money mismanaged by errors or for the broker's personal gain. Knowledge of how to bank online and how to manage your money through the internet is very important.
If you use a brokerage company that is on the internet as your bank, then there tends to be higher costs that offset some of the advantages; thus you may not feel you are receiving a top banking service. Things that we take for granted with banks may be more expensive at a brokerage house, even with simple online checking accounts.
ATM user fees tend to be high, automatic billing services usually have fees, and you may be required to maintain a certain amount of money in your investments. An online banking service could come with a high price tag.
So should you use an online brokerage company? It really depends on your experience and comfort level. If you have a significant amount of knowledge of investments and the broker/company comes recommended by people you trust, then you can comfortably take advantage of the pros. If it is a new online banking approach for you, however, then it is probably safer to pay the higher commission fees and sign on with a broker that you can speak to face-to-face.
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