Your Tip of the Day

by Bob Osgoodby


 

                 Today is Monday, October 29, 2007
             It is 302 days since the first of the Year
              There are 63 days left in the Year, and
                 There are 56 Days Until Christmas

                   Today is... National Candy Corn Day
          On this day... Stock Market Crashed Triggering
                      Great Depression (1929)

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In this Issue

** Tip Of The Day – Multiple Browsers
 
** Today in History – Stock Market Crashes
 
** Trivia

** Quote of the Day

** Feedback

** Woman in Business – Are You Doing Business With Monopoly Money?
By Kalinda Rose Stevenson
 
** Grins – Sweet Potatoes
 
** Publications of Interest

** "Cooking for the Empty Nest" – Teriyaki chicken wings


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Tip of the Day

Multiple Browsers

There are so many browsers available these days, it's hard to know which one will perform the best for you. There's Internet Explorer, Firefox, Netscape, Opera, etc. (I know I missed some, but those are the main ones used). So, instead of choosing just one browser to use, why not use two or three or even four? As long as your computer can handle that much data, there's not really any reason not to. Most browsers connect well with each other and will cause you no additional problems.

Now, for the better question: Why should you use more than one browser. Why does it matter? Well, the biggest thing is having a back up resource. If one browser fails and breaks down, you will always have another one to back you up. Another big pro on the multiple browser's side is that when you're trying to access a Web page, etc. and it's giving you trouble, you can always test it on another browser. That way, you will be able to see if it's the actual browser, the Web site or if it's something with your connection or firewall.

In other words, using more than one Web browser keeps you safe from vulnerabilities and with more than one browser on your side, you won't ever have to worry about being shut down. You can always continue on with your work and get the job done. Think about it!

Bob


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Today's Highlight in History

Stock Market Crashes

On this date in 1929,  Black Tuesday hit Wall Street as investors traded 16,410,030 shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression.

During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value . Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a weak agriculture, and an excess of large bank loans that could not be liquidated.

Stock prices began to decline in September and early October 1929, and on October 18 the fall began. Panic set in, and on October 24--Black Thursday--a record 12,894,650 shares were traded. Investment companies and leading bankers attempted to stabilize the market by buying up great blocks of stock, producing a moderate rally on Friday. On Monday, however, the storm broke anew, and the market went into free fall. Black Monday was followed by Black Tuesday, in which stock prices collapsed completely.

After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929. The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce. It would take World War II, and the massive level of armaments production taken on by the United States, to finally bring the country out of the Depression after a decade of suffering.


Trivia

It's believed that pirates thought that piercing their ears and wearing earrings improved their eyesight.


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Quote of the Day

"Ninety-nine percent of the failures come from people who have the habit of making excuses."

 -  George Washington Carver, Chemist and Educator


Feedback

You got feedback? Send it to:
bob@adv-marketing.com with
"feedback" in the subject.

 


Are You Doing Business With Monopoly Money?
By Kalinda Rose Stevenson

During the depths of the Great Depression, the Monopoly® game appeared in the marketplace.  For many American children, Monopoly is the first introduction to using money for business decisions.   Monopoly teaches players to buy and sell property, collect and pay rents.  The game is fun, especially for the winners. My question is, Are the lessons you learned playing Monopoly killing your capacity to make real money in your business?

Monopoly teaches at least three money myths that can keep you struggling with money in your business.

Monopoly Money Myth One is that the amount of money available is limited.  The game begins with a fixed amount of money.  The game ends with the same amount of money.  The only difference between the beginning and the end of the game is that the money, which was evenly distributed at the beginning of the game, is now concentrated in the hands of the winner. The critical point is that no one MAKES money in Monopoly. Monopoly is a zero sum game.

Compare the zero sum Monopoly game to what happens to money in business.   In business, you create a product or offer a service that actually MAKES more money.  This is how it works. You create a product. The product costs you money to produce, market, and sell.  If you sell the product for more than your costs, you make a profit. This profit is money that did not exist when you started the game.

In other words, you actually create money.  You have not only added money to your bottom line, you have added more money to the money supply.  This is the critical money difference between Monopoly and business.  Profitable businesses make money.   No one makes money in Monopoly.

Monopoly Myth One teaches players that money is a commodity in limited supply.  Monopoly cannot teach the fundamental truth that the amount of available money is potentially unlimited because money is created in transactions.  The more transactions occur, the more money is created.

Monopoly Money Myth Two teaches that the game can have only one money winner.  (The game is called Monopoly for a reason.)

As a model for doing business, Monopoly teaches that making profits in business means taking money away from other businesses, to end up with the biggest piece of the existing money supply.   This business model is still very much with us when we see businesses act like sharks at a feeding frenzy.   In fact, some businesses do win by following the Monopoly money model.

When business owners understand the real truth that the supply of available money is potentially unlimited because money is created in transactions, it takes away the need to be sharks fighting over a fixed amount of money.  Instead, enlightened business owners can create mutually beneficial joint venture relationships with other businesses.  Joint ventures allow each business to increase profits and increase the amount of money available.

The liberating money truth is that you can make more money by cooperation with other businesses than you will by attempting to take money out of the pockets of your competitors.

Monopoly Money Myth Three is that making money means hurting other people.    In Monopoly, the only way to get more money is to take it from other people, leaving them with less money than they had when they started.  The game is over for them when they run out of money.

Making money at the expense of others is obviously not a problem for Enron-type businesses that care only about making profits without regard for how much they hurt other people.   Monopoly originated in the Depression, when vast numbers of people endured real poverty while a minority of fat cats lived in luxury.  The Monopoly game reflects the realities of that economic era.
 
In my own coaching experience, I have encountered many people who believe deep down that making money means hurting other people.  And since they consider themselves good, honest people, they are deeply conflicted about doing business.  They want to make more money but they don’t want to hurt other people in the process.

If you are struggling with money in your business, ask yourself if these three Monopoly Money Myths lie at the root of your problems.   As a game, Monopoly can be fun.  As a model for doing business, Monopoly Money Myths will keep you stuck in a Depression-era mindset of haves and have-nots because it teaches that money is a commodity in limited supply.

You can play a much more liberating money game in business than Monopoly can ever teach you.  What happens to business when you stop playing with Monopoly money?  You will discover that money is unlimited because money is created by transactions, cooperation is more profitable than cutthroat competition, and you can make money while serving the best interests of other people. Best of all, you are much more likely to win the money game.
 
-----

Kalinda Rose Stevenson, Ph.D.
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   A Little Humor to Start the Week 

Sweet Potatoes
=-=-=-=-=-=-=-=

Every morning during our coffee break, my co-workers and I listened to the culinary disasters of a newlywed colleague. We then tried to share some helpful hints and recipes.

One day she asked us for step by step instructions on cooking sweet potatoes - one of her husband's favorites. "I've finally been able to make them sweet," she said, "but how do you make them orange?"

-----

The new father ran out of the delivery room and announced to the rest of his family who were waiting for the news: "We had twins!"

The family was so excited they immediately asked, "Who do they look like?"

The father paused, smiled, and said, "Each other."

-----

A zookeeper wanted to get some extra animals for his zoo, so he decided to compose a letter. The only problem was that he didn't know the plural of 'Mongoose'.

He started the letter: "To whom it may concern, I need two Mongeese."

No, that won't work, he thought and tried again: "To whom it may concern, I need two Mongooses." Is that right?

Finally, he got an idea: "To whom it may concern, I need a Mongoose, and while you're at it, send me another one."

-----

Old Mother Twitch she had but one eye
And a great long tail that she let fly
And every time she went through a gap
She left a bit of her tail in the trap
Who or what is 'Old Mother Twitch'?

Do you know the answer? If not, look for the solution later in
this newsletter.

-----

Alcohol is not the answer,
it just makes you forget the question.


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"Cooking for the Empty Nest"
Recipe of the Week
by Susan Kemp

Teriyaki chicken wings
 
1/2 cup soy sauce
1/4 cup lightly packed brown sugar
1 tablespoon garlic -- finely chopped
1 tablespoon grated ginger root
1/2 teaspoon cayenne pepper
1/4 cup water
1 tablespoon sesame oil
20 chicken wings
2 tablespoons sesame seeds
 
In a small saucepan, combine the soy sauce, brown sugar, garlic, ginger, cayenne pepper, and 1/4 cup water. Bring to a boil, stirring to dissolve the brown sugar. Allow to cool to room temperature. Add the sesame oil and stir well. With a sharp knife, remove the tips from the chicken wings. Put the wings in a large lock-top bag and add the soy sauce mixture. Seal and marinate in the refrigerator for at least 1 hour or as long as 4 hours. Turn the bag occasionally to coat all of the wings. Remove the wings from the bag. Sprinkle evenly with the sesame seeds. Pour the marinade into a small saucepan over high heat, bring to a boil for 1 minute, and remove from heat. Grill the chicken wings directly over medium heat, turning once and basting occasionally with the boiled marinade, until the juices run clear, 14 to 16 minutes total. Serve warm or at room temperature.

-----

If you have a favorite recipe that you would like to share, please send it to mailto:bob@adv-marketing.com?Subject=RecipesBe sure to read back recipes of the week at:
http://adv-arketing.com/business/frtest.htm and Click on ?Recipe of the Week"

Yours in cooking - Sue



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A needle.


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Bob
Copyright - 2007


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