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I Advice - The Fast-running Chicken: Don't Get Snared in a Business Trap!
While it seems like we would never come to the end of our medical billing series on electronic billing using NSF 3.01 specifications and the GU0 record, we have finally come to the last few fields. In this installment, we introduct a new CMN field type with its own special rules for filling it out, as if things weren't complicated enough already. We pick up our review of the GU0 record with field number 69.Before we start our review of the field itself, we need to discuss the actual data type this field introduces. The previous fields for this CMN have either all been alpha numeric or numeric. This field is a percentage field. Where billers get into trouble with this field, is that it is a four position field. The reason for the extra position is because of the implied decimal point. Percentage fields are transmitted as whole numbers but if the percentage is not a whole percentage then the field is transmitted with what is called an
"Deal!" said Fred the farmer. "But you got to take all the chickens and gather them yourself, because I'm busy. I get the paint for free since you're getting all the birds."
George was ecstatic. He would breed those chickens and put them on the market. He would do that by creating enough breed stock to license out to chicken farmers who would sell only to him. He could see the 3-legged chickens in the supermarkets. He would farm out the processing and all other such work and live a life of ease. He agreed to the deal and said, "Fine, Fred! We've
American and English have always turned to India as a primary outsourcing country. India is a developing nation, but it surpasses all countries but America when it comes to the number of scientifically minded English-speaking individuals. Since India has yet to be labeled developed, the immense talent it holds is available for outsourcing at very cheap rates -- about 50% of what an employee in the US or UK would demand.Since the 1960s, India has been under the consideration of European and American companies. Previously, the prime reason for choosing Indian companies for sub-contracting was that Indian manpower was available for at much lower rates than its indigenous counterparts. This brought the overhead expenses down dramatically for the parent company.Indian companies recruit special coaches and trainers to make their employees adept in western modes of life to become more palatable to their clientele. There are quality supervis
Let me tell you a story that would be true except I made if up from an old joke. George Hotshot, a traveling salesman, was driving down a southern country road when he noticed that a chicken was running along side his car. Being curious, he push on the accelerator. The chicken just kept running along side the car. Pretty soon, George was up to 60 mph. He pushed harder on the peddle and the chicken sped up too. Then the chicken took off into a farmer's yard.
George slowed down, spun a U-turn and headed back to the farm. From habit, he noticed the farmer's name on the mailbox, Fred Fanslow.
George perused the place, and decided the barn needed painting. He pulled into the barnyard.
When he climbed out of the car, the dust was still flying around from the road chase. Fred Fanslow, the farmer, came out of the barn, scratching his head with that "Who in the heck are you?" look.
George walked up to him, pulled a red handkerchief out of his back pocket to wipe the dust off of his glasses so he could see the farmer better, put out his hand and said, "I've been wanting to meet you, Fred. I followed that chicken in here."
"You been wanting to meet me?" said the farmer.
"Sure have! Ever since I read your name on the mailbox."
George gave a grin and the farmer said to him, "You must be a salesman. I don't want any paint or nothin'."
"Paint?" said George. "For what? Oh, the barn could use a little. I know a store in town whose got some coming in really cheap. That is, if you need it. It's only ten bucks a gallon and it's the brightest red, all weather paint, you've ever seen."
"That doesn't seem all that cheap to me," said the farmer. "But, you said that's not why you're here."
"No, it's the chicken," said George. "I've never seen a chicken run that fast before."
"Well, there's a reason," said the farmer."
George said, "Well they must be healthy and special. Maybe I can buy some breed stock from you. Farmers are always looking for better critters."
The farmer said, "I need about 40 gallons of paint."
George said, "I'll tell you what. I can get that paint delivered in here for five bucks a gallon. If I do that, will you give me a couple of hens and a rooster?"
The farmer said, "Why would you do that? You must have somethin' up your sleeve. I guess you noticed that they got three legs and you can get three drumsticks."
George laughed and said, "Nobody can pull the wool over your eyes, Fred. Have we got a deal?"
"Deal!" said Fred the farmer. "But you got to take all the chickens and gather them yourself, because I'm busy. I get the paint for free since you're getting all the birds."
George was ecstatic. He would breed those chickens and put them on the market. He would do that by creating enough breed stock to license out to chicken farmers who would sell only to him. He could see the 3-legged chickens in the supermarkets. He would farm out the processing and all other such work and live a life of ease. He agreed to the deal and said, "Fine, Fred! We've
The buzz is all about customer service and call center outsourcing, also known as BPO (Business Process Outsourcing). According to Gartner, the outsourcing market in Europe has grown with over 6%, BPO with 10%. The market for offshore outsourcing (to low wage countries) is growing with a whopping 40% this year! However, the subject of outsourcing is not without controversy. So what's it all about?In the 90s, growth was the motto for organizations. Eat, or be eaten. Through the continual increase of stock value this could be easily financed. As a result, businesses were acquiring activities that are, on the surface anyway, only loosely related to the original business goals, and to each other. The demise of world economy and the burst of the Internet bubble changed all that.In these days of tight budgets and heightened attention on ROI (Return on Investment) and TCO (Total Cost of Ownership), companies are taking a good look at what t
George perused the place, and decided the barn needed painting. He pulled into the barnyard.
When he climbed out of the car, the dust was still flying around from the road chase. Fred Fanslow, the farmer, came out of the barn, scratching his head with that "Who in the heck are you?" look.
George walked up to him, pulled a red handkerchief out of his back pocket to wipe the dust off of his glasses so he could see the farmer better, put out his hand and said, "I've been wanting to meet you, Fred. I followed that chicken in here."
"You been wanting to meet me?" said the farmer.
"Sure have! Ever since I read your name on the mailbox."
George gave a grin and the farmer said to him, "You must be a salesman. I don't want any paint or nothin'."
"Paint?" said George. "For what? Oh, the barn could use a little. I know a store in town whose got some coming in really cheap. That is, if you need it. It's only ten bucks a gallon and it's the brightest red, all weather paint, you've ever seen."
"That doesn't seem all that cheap to me," said the farmer. "But, you said that's not why you're here."
"No, it's the chicken," said George. "I've never seen a chicken run that fast before."
"Well, there's a reason," said the farmer."
George said, "Well they must be healthy and special. Maybe I can buy some breed stock from you. Farmers are always looking for better critters."
The farmer said, "I need about 40 gallons of paint."
George said, "I'll tell you what. I can get that paint delivered in here for five bucks a gallon. If I do that, will you give me a couple of hens and a rooster?"
The farmer said, "Why would you do that? You must have somethin' up your sleeve. I guess you noticed that they got three legs and you can get three drumsticks."
George laughed and said, "Nobody can pull the wool over your eyes, Fred. Have we got a deal?"
"Deal!" said Fred the farmer. "But you got to take all the chickens and gather them yourself, because I'm busy. I get the paint for free since you're getting all the birds."
George was ecstatic. He would breed those chickens and put them on the market. He would do that by creating enough breed stock to license out to chicken farmers who would sell only to him. He could see the 3-legged chickens in the supermarkets. He would farm out the processing and all other such work and live a life of ease. He agreed to the deal and said, "Fine, Fred! We've
Dear Fred and Lyna, For the past 20 years, I have worked as an account executive for a major soft drink company and frankly I am sick of it. I have been looking into owning my own business and have run across several franchise opportunities. Do you think a franchise is the way to go or should I start out on my own?Fred: More and more people, from college age to baby boomers, are attracted to owning their own business and being their own boss. Fortunately, there are many resources available to help you make the right decisions about starting a business.Lyna: The first question I would ask myself is not should I buy a franchise or start from scratch, but do I have the ability to be a successful entrepreneur.Fred: Good point, Fred. I have a friend who spent a lot of time and money training to be a color consultant and she's good at helping people find the best look they can achieve using the colors that are best suited to th
"Sure have! Ever since I read your name on the mailbox."
George gave a grin and the farmer said to him, "You must be a salesman. I don't want any paint or nothin'."
"Paint?" said George. "For what? Oh, the barn could use a little. I know a store in town whose got some coming in really cheap. That is, if you need it. It's only ten bucks a gallon and it's the brightest red, all weather paint, you've ever seen."
"That doesn't seem all that cheap to me," said the farmer. "But, you said that's not why you're here."
"No, it's the chicken," said George. "I've never seen a chicken run that fast before."
"Well, there's a reason," said the farmer."
George said, "Well they must be healthy and special. Maybe I can buy some breed stock from you. Farmers are always looking for better critters."
The farmer said, "I need about 40 gallons of paint."
George said, "I'll tell you what. I can get that paint delivered in here for five bucks a gallon. If I do that, will you give me a couple of hens and a rooster?"
The farmer said, "Why would you do that? You must have somethin' up your sleeve. I guess you noticed that they got three legs and you can get three drumsticks."
George laughed and said, "Nobody can pull the wool over your eyes, Fred. Have we got a deal?"
"Deal!" said Fred the farmer. "But you got to take all the chickens and gather them yourself, because I'm busy. I get the paint for free since you're getting all the birds."
George was ecstatic. He would breed those chickens and put them on the market. He would do that by creating enough breed stock to license out to chicken farmers who would sell only to him. He could see the 3-legged chickens in the supermarkets. He would farm out the processing and all other such work and live a life of ease. He agreed to the deal and said, "Fine, Fred! We've
Dale Carnegie wrote “When dealing with people remember you are not dealing with creatures of logic, but with creatures of emotion, creatures bristling with prejudice and motivated by pride and vanity”Selling in financial services has gone through enormous changes. In 1986 I vividly recall going for a job interview with an American life assurance company based in the UK. I still remember the language being used by the sales directors. “Punters”, “Close 50% of sales”, “Prospects”, “Don’t leave without a signature”Nowadays, thankfully, his language and those sharp practises have all but disappeared. But here’s the crux of the matter. We’ve gone too far down the regulatory route and many salespeople are forgetting the most important part of the sale…the customer, becoming bogged down in paperwork and red tape. Now my firm belief is that regulations were brought in to protect the customer and to ensure they received an honest, reliable an
"Well, there's a reason," said the farmer."
George said, "Well they must be healthy and special. Maybe I can buy some breed stock from you. Farmers are always looking for better critters."
The farmer said, "I need about 40 gallons of paint."
George said, "I'll tell you what. I can get that paint delivered in here for five bucks a gallon. If I do that, will you give me a couple of hens and a rooster?"
The farmer said, "Why would you do that? You must have somethin' up your sleeve. I guess you noticed that they got three legs and you can get three drumsticks."
George laughed and said, "Nobody can pull the wool over your eyes, Fred. Have we got a deal?"
"Deal!" said Fred the farmer. "But you got to take all the chickens and gather them yourself, because I'm busy. I get the paint for free since you're getting all the birds."
George was ecstatic. He would breed those chickens and put them on the market. He would do that by creating enough breed stock to license out to chicken farmers who would sell only to him. He could see the 3-legged chickens in the supermarkets. He would farm out the processing and all other such work and live a life of ease. He agreed to the deal and said, "Fine, Fred! We've
My website www.red-hot-copy.com has been down for three long days now. That means no online sales. That means no email. That means brand, spanking new web surfers looking for information about copywriting pull up a “Page Not Found” when they Google my website.I am not a happy camper.But life goes on. It has to. So how can an Internet marketer run an Internet business without a website? Here are a few workarounds to keep you in business while things get straightened out.1) Keep an alternate email address in your back pocket. Sure it looks more professional to have your email address with part of your URL or website listed as the root. But having a free email address is also handy if your website isn’t working. I recommend either Hotmail, www.hotmail.com, Yahoo, www.yahoo.com, or Google, www.google.com. (Yes, AOL is an option in the event of an emergency but I just despise them for working so hard to dumb do
"Deal!" said Fred the farmer. "But you got to take all the chickens and gather them yourself, because I'm busy. I get the paint for free since you're getting all the birds."
George was ecstatic. He would breed those chickens and put them on the market. He would do that by creating enough breed stock to license out to chicken farmers who would sell only to him. He could see the 3-legged chickens in the supermarkets. He would farm out the processing and all other such work and live a life of ease. He agreed to the deal and said, "Fine, Fred! We've got a deal. You will get the paint, and I'll gather up the chickens."
The farmer smiled and said, "Just when will that paint get here?"
"I'll have it here next week and it will be all prepaid. Now for the chickens, I was wondering: how fast are they?"
"Don't know," said the farmer. "I ain't ever been able to catch one!"
Home Business Tip: Don't get ants in your pants and jump too quickly into a new deal. Sleep on it! a
A Tippy from Flippy: I love chicken stories. But don't give away the store before you have come to a very good understanding of what you are getting into. It's like so many Internet opportunities that turn out to be thin air. They promise the world and give you the shaft.
Keeping Up with the Jones': Well, George will never be able to keep up with those chickens, will he?
And greed is the cause of many ills.
It's best to be humble about starting a business.
You need to realize that there is much to learn, but that should not stop you from building a business on a firm foundation of knowledge.
I think it is best to start a business in your community under your control. You learn from your failure, but you can avoid large failures because you are close to what is going on. Should you go on the Internet? Sure! But why not get a niche business going and then take it to the Internet? You'll be making money before you add the Internet operations.
Many companies blow their capital before they can generate profits.
I was consulting with a firm in Iowa that had a great business plan, but they blew their SBA funds before they generated profits. The problem was simple to resolve. The owner of the company, who was a terrific salesman, should have kept selling as his main interest.
He didn't understand that new employees must be trained, not fired after their first few days.
He should have left the production to those who know or are able to learn about such things. He didn't bring in the orders fast enough to save his capital from his extravagant spending.
Big ideas don't always pan out. Paying attention to smaller opportunities can bring both profits and knowledge to generate more revenue.
That is what business is all about.
Fiddle Dee & Fiddle Dum: Not keeping focused on your goals will kill you in the business world.
Can't Ya' Get Goin'?: You can if you plan. When Mr. Schwab of Bethlehem Steel was trying to make the company more profitable, he looked for advice. He decided that things just were not going the way he
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