Friday, March 20, 2009

Study How to Invest long term for your family

The main aim of any person is to program his future, and this is why long term investments deserve so much importance. Choosing a right investment plan would mean that when you retire, you will still have the financial freedom that you wished for while investing for a long period. It is also a security at a time when you don’t have a fixed income any longer and can take care of your health, which is certainly not going to be as good as the time you started investing. Therefore planning for a long-term investment is synonymous to planning your future.

So, how do we start about investing for a long period? There are certain doubts that will surface before investing: What should be the best long-term investment plan? Should one ask for the external help from a financial advisor or go ahead alone? This article gives you certain tips to excel in the long-term investment market.

1.Setting proper goals: This is similar to other investing types. One should always set proper goals about the future and then plan the investments according to the plan. Certain questions must be properly addressed before moving ahead with the investments. One should know when he/she wants the investment to mature into returns, and what amount does he expect when his investment matures. He/She should also calculate the initial amount to be invested, and how much monthly investment is to be made to reach to the goal. Once, these questions are answered, it is time to move forward and decide whether a financial advisor is needed or not.

2.Choosing the right options: The investor should bear in mind that it is their hard earned money that they are investing, and a wrong decision will ruin the future. Hence, investment decisions are to be made after due consultations with people who understand the investment scenario very well, and after being sure of the firm to which the investment is made. If the assistance of a financial advisor is sought, it should be made sure that they work along with you and under no circumstances should you feel that the money is not under your control.

3.Regular Follow-up of the investment: Long-term investments require patience and perseverance. In spite of the long period, you should never become ignorant about the investment you made, and try to be follow up with the latest happenings in the market. In some cases, the company that you has your investment is in a crisis. The investors who are alert would be capable to assess the impact properly and make the necessary changes, if any. Hence, ignorance is a strict no-no in the long-term investment market too!

Thursday, March 19, 2009

Practical Leadership – Clear Direction

One of the key tasks of a leader is to provide clear direction for the path to be followed. Otherwise followers have to guess where they need to contribute their time and effort.

For direction to be clear, it needs to be communicated and kept up-dated in terms that each follower can understand. In today’s complex changing workplaces, with many competing priorities, providing clear direction is fundamental to effective leadership.

Most people want to do a good job and want to make a contribution to their team and organization. But they are often unsure of what is the best use of their time and effort.

Most organizations have Corporate Plans and strategies to achieve corporate goals. But how each organization member needs to contribute to the implementation of these strategies is rarely clear. Usually each person is left to identify their contribution and use their best endeavours to do what they believe needs to be done. This an incredibly inefficient high risk way to work, but unfortunately it is the norm.

The major problem with leaving it to people to work out how they need to contribute, is that in today’s workplaces, people are usually asked to do more work than is physically possible. So they need to decide what they will do, and what will get done if more resources (mainly time) become available.

Consequently there is a high risk that contributions to important strategic tasks will be sidelined by urgent, but less important, tasks. This adds to the likelihood that strategic tasks will not be done due to inadequate direction and accountability.

Without linkages between strategies and the tasks people are doing, senior leaders have no timely way of knowing that tasks required by strategies are not being done. Usually optimistic reporting hides delays until it is too late to catch up (without adversely affecting other initiatives and on-going work).

TASKey has developed methods and web software to keep track of the connections between strategies and the work being done by people throughout an organization. The result is that everyone knows what they need to contribute and reporting can be provided in close to real time.

Web software on standard and mobile web browser makes it easy for everyone to see the ToDo’s that contribute to core strategies. Automatic progress reporting based on work done keeps everyone informed.

Leadership is enhanced by clear direction, and decisions throughout an organization can be made in a way that adds most value. Potential problems are identified early, so proactive adjustments have little effect on other tasks.