When implementing a continuous cost-reduction program, top management identifies and empowers champions. These share one quality: they are employees who enjoy focusing on the cost side of the business. Here, top managers work from a premise that is obvious to controllers through their budget monitoring responsibilities: namely, that most managers like the revenue-generation game and are not wired for cost reduction.

Interestingly, Bain recommends giving these champions small centralized teams to plan cost-reduction initiatives. In the Bain scheme, members of these teams come from line organizations (i.e., not sales) and are familiar with potential cost-reduction opportunities. The teams then do rigorous benchmarking, data collection, and diagnostic work, developing a solid analytical basis for any cost-reduction targets they set. Key point: By forming these teams from line employees, champions endow their cost-reduction diagnostics with the credibility of insiders who know how the company operates.

These continuous cost-reduction programs use the 80/20 rule, but they apply it with great care. The 80/20 rule states that 80% of a company’s cost savings can be extracted from 20% of its activities. Warns Bain: “If the cost champions apply this rule at the company level, they’ll overlook a big chunk of potential savings— perhaps as much as 40%.” Controllers will make these programs successful by applying the 80/20 rule within divisions or, even better, within departments. “This,” says Bain, “will spawn hundreds of worthwhile initiatives across the entire company, with no single team responsible for implementing more than a handful of the most important programs.”

A word processor creates and stores documents such as letters, reports, catalogues, mailing labels and operating manuals. A word processor has many features including a spell checker, thesaurus, grammar checker, mail merge and graphics. If your business requires written documents that are constantly being revised (such as contracts, price lists, quotations or proposals), word processing can mean tremendous efficiencies in the time it takes to produce the final document. You can also use word processing to manage your customer and prospect lists, generate customized mailings and process your day-to-day correspondence.

I already found a new way to do an investment. The commodity still uses the old kind because I am still sure using gold as main base investment. For me gold is something that special because it’s really neutral in every condition and it’s never change even saved in thousand years. In international market, gold still stay in the top level of investment choice.

If other peoples like to pay cash for gold jewelry, I am personal like to buy the gold bar or gold coin as my saving. This is because actually I will get lower price without additional fee of tax. Yes if we buy gold jewelry we have to pay additional tax fee but when we buy the gold bar we will never pay any additional fee because gold bar issued as raw material for the next processing. With this I will get more gold with the same fund when I buy the gold jewelry.

In recent years banks have been providing many new services that make it so much more convenient for the customer. Thanks to computer technology, I personally have not set foot in a bank in more than three years. I have direct deposit, and I now pay my bills, view my ac-counts, and transfer funds entirely online. When I need to see my banker, for something like a car or business loan or a new account, my banker comes to me.

U.S. Bank, headquartered in Minneapolis, is a good example of a bank that is putting its money where its mouth is, so to speak. U.S. Bank has a five-star service guarantee. If U.S. Bank fails to meet any of its guarantees, the customer will receive money back. For instance, the commercial banking group promises to respond the same day to a customer inquiry made before 3:00 P.M. U.S. Bank will respond to a credit request within two business days of receipt. If U.S. Bank falls short on any of its five points, your account will be credited. If you wait in line longer than 5 minutes, you will receive a credit of $5 to your account.

At Keybank, Helen France, a Senior Vice President says, “A bank is a bank, and the only way I can differentiate myself from another banker is through accessibility and constant communications. On my business card I have two e-mail addresses and four phone numbers so I can be reached. My customers know they can call me any time, and they know I mean that. My philosophy is, ‘My paycheck may come from the bank, but I work for my client.’ ”

When I come to a shop to buy a plastic of breath and wash soap I interest with the shop interior. The concept look like very minimalisms even it never left the seek style. During looking for my need I look around and try to memorize the interior so I get the new vision how to arrange the small place but with the great result.

Even the concept is minimalist but for the security system I can see a big investment was put inside the shop, from the CCTV, safe cash drawer and sensor equipment beside the door. The owner I am sure feel safe with this condition and customer still can shopping with comfort feeling.

I am just thinking about my PC upgrade right now. This is an old issue for me especially when I understand that my PC is running too slow. I feel that my PC can not support my online activities and it needs more attention to complete this task.

I understand that this PC is too old because I bought it around five years ago. Even I already upgrade partially like add SD memory cards and graphic card but I can feel the best power from my PC. My online business is not a small business any more even it’s just a side job. So I need more support from my PC and the final option is buy the new one and use this PC just for smaller activities.

The best thing that I like when I jump in the small business is we can learn more about financial management. The small business needs more attention on the cash flow because of fund source limitation. Different with the big company with larger financial source, the small business will get bigger resistance to get loan from the financial company. This is like ordinary issue in the most of country and every time we ask the reason of this, they will say that the risk is too big because most of small business has no guarantee with their business.

No body know when they can grow or when they become bankrupt so actually they financial company never want to take a big risk with give them big loan to improve their business. May be we know the only thing that can stand as guarantee is only their real asset like office and its furniture and building with its inventory like machines. Some time it all could not be enough as loan guarantee so the financial company can’t approve their loan proposal. So when the small business can grows faster?