Why Are You Wanting to go to Work?

Why are you wanting to go to work? Is it something you love, or feel it is the only thing you can do? Have you ever wanted a new car? After you have decided that a new car is what you want, then your brain goes to work on how to get it. Your subconscious is busy behind the scences so that you can get that car.

I would imagine this sounds just like the law of attraction, CANI - Constant and Never ending Improvement (by Anthony Robbins), and I believe they work. When you are concentrating on something and then let it go, your mind continues to work on it.

So how does this help in business. I was involved with a company many years back that wanted to sell to the conglomerates that were starting to monopolize the industry. The Owner had no knowledge of how to get in front of one of these conglomerates, since his company was small and he really didn't do any networking. He decided to join an industry association and then start talking to some of the members. He found that he could be part of a group that would meet and discuss their businesses over a long weekend. These companies, although in the same industry, did not compete in the same geographical area.

By attending these meetings for a little over a year, he was able to change some of the procedures that were happening inside his company and increase his profit margin. He also was able to find out who to talk to at the conglomerates, since some of the other members were being approached during that time.

He eventually was able to meet with several conglomerates, explain how his company worked, what procedures and policies were in place, and the work under contract. His company was audited and the company was sold.

It took about 2 years to accomplish this thought, but with his mind giving the suggestions, he was able to act upon them, and succeed in his goal.

If you want more on this subject, be sure to read Think and Grow Rich by Napoleon Hill. Also be sure to visit our website http://rcmorganize.com/ for more about the company. Also you can sign up for the free Cash is King report on the right opt-in fields and receive monthly cash flow tips. These are designed for what is happening now and you can put to work immediately in your company.

Why spend your time on AIG?

As the news continues about AIG and how upset the President is, wasn't he part of the decision that our country had to act fast to get the money to them so they didn't collapse. Maybe they forgot their fiduciary responsibility (President and AIG Board members) for being in such a position at AIG. I didn't hear that any Board Member resigned because they couldn't make a profit, or didn't know when to cut expenses in order to keep the company going. We as citizens found out when they needed 80 billion dollars.

If we continue to focus on AIG, we as a nation will suffer. There is an abundance of good things happening in the United States and probably around the world, but the news media does not focus on that. Hopefully, you can escape the news and focus on your abundance and enjoy the journey of life. We all have what it takes to grow and produce ideas. We are stiffled by the news media who just wants to hear themselves talk.

So although the BIG WHY is about Why do you want something, sometimes you have to just stop asking WHY about what doesn't propel you to your goals. If you have enough reasons you will get the answers. Do not let your mind concentrate on WHY AIG, or any other WHY that you cannot control. Ask WHY do I want to create the next Blockbuster? WHY do I want to create the next life saving drug? WHY do I want to share my good fortune with others in need?

ASK WHY and you will produce a better reason for your control of your situation.

The BIG WHY

After the board of directors and shareholders meetings, there should be some new goals for the next year already created. If your Shareholders meeting didn't occur until 6 months after your year end, you should be able to track your progress.

If you did not make a checklist and put some timelines and assign people to get involved with them, you probably are not very far in achieving them. This will have a tendency to discourage you. You need to have a purpose on what you are trying to achieve. The big WHY question.

WHY are you doing what you are doing?? WHY do you want to achieve those goals that were set a while ago?? WHY do you feel it is necessary to complete them, or even work on them?? WHY??

We will discuss this during the week, on WHY you are doing it, and HOW it can be done.

The 5th item in a Shareholders Meeting

As a Shareholder of a private corporation, you may in certain jurisdictions, decide by way of a resolution not to appoint an auditor. The resolution remains valid until the next annual meeting. The Auditor would be a chartered accountant and is not a director or officer of the corporation.

3 reasons why you need an Auditor.

1. If you want to do business in other states. You generally have to send in an audited statement with your application to work in that state.

2. If you want to sell your business and are looking for potential buyers. The audited statement avoids any clouds of doubt on how well you ran your business. Also questions that potential buyers may have can be deflected to the Auditor.

3. If you want to apply for a loan, or venture capital. Having an audited statement shows that you are willing to be subjected to others asking for paper trails, asking clients and vendors about their balances, reviewing your lawsuits, if any, checking your reconciliations, etc.

A corporation can invite their corporate attorney to be present at the meetings. If the corporation has dissension among its shareholders, this would be a good idea.

Hopefully, after reading the last 5 days worth of blogs, your corporation will have a successful and meaningful next annual meeting.

Ratify all acts done by Directors and Officers

Wow, what a statement for an annual meeting. If you are a shareholder and have no idea what went on in a company during the past year, it would be hard to ratify some event that has already taken place. In order to keep up with the company that you are a shareholder, but do not have every access to, here are 5 ways to help you stay in contact.

1. Ask for quarterly reports in a letter, preferrably certified, return receipt. That way you can at least see the revenue, expenses and how the balance sheet has changed and how cash flow has been handled.

2. Request in writing copies of any resolutions as they are written and signed off by the directors of the company.

3. Request that you be copied on all emails, or correspondence relating to legal matters of the company, in which as a shareholder would affect the value of those shares.

4. If there are any loan documents that you signed as guarantee, make sure you send a letter to the bank requesting that all copies of correspondence be sent to your home address. This way you can keep informed of how the loan is being handled. Also - request from the company any Shareholder loans to the company, and a copy of the terms be sent to your home.

5. Request in writing that all major events - purchases, acquisitions, contracts be copied and mailed to your home address, so you can keep up with how it is being applied to the overall health of the company.

In this way, you can have a better understanding of what is happening to your investment, if you are not a daily participant.

If you have any other ways to keep a handle on your investments, please comment.

Electing Directors

The third segment of an annual meeting is to elect Directors for the coming year term. The term would be one year from the date of the Shareholders meeting. Directors are just that. They direct the company. They have skills that many Officers do not have, due to the Officers are doing the daily grind of the business. Directors are taking a birds eye view of the company, its industry, its competition, and its ability to merge with another company if the situation becomes apparent. Directors of a company can be compared to directors of movie films. They are there watching what is going on, from a third party perspective, so they are able to see the results differently than the Officers and employees.

Directors are the Captain of the ship. They are looking ahead of the front of the ship to beyond the horizon. They keep up with the industry and what is happening globally, so they can change the way the company is running, if it is not in its best interest. Officers may or may not be directors. In a non public company, they can assume the duty of both, an Officer and a Director. Unfortunately, this does not give the company leverage with its shareholders. It is more of the same mentality. It is very difficult for an Officer to be able to see past the problems at hand, and forecast and plan for the future.

You will need to appoint Directors that are not in a conflict of interest to the company. You will not be able to pick your accountant, your spouse, your lawyer. You will need to find people who can be objective when it comes to how the business should direct itself. People you work closely with, may not have the company’s best interest at heart.

Directors will direct the business during the next year, checking corporate state and federal tax returns, monthly financials, stock issuance, loans, pension or profit sharing plans, bonus’, acquisitions, or purchases. As a Shareholder you do not have control over that unless you give up your Shareholder status and request a buyout.

Resolutions

The second segment of the annual meeting is to ratify resolutions adopted by the directors during the year. I found this to be quite interesting from the Shareholders perspective. When the year is complete, the Shareholders get to find out what resolutions were adopted during the past year. The Shareholders are not voting on these resolutions during the year. If you are a director you know what they are, but if you are not, this could be a very stick situation.

Say, you are a Shareholder, and you find out at the annual meeting that a resolution was adopted by the directors during the past calendar or fiscal year, that they approved receiving a loan from a bank. This should make you upset that you are only a Shareholder. Your investment has just taken a step back in a return on your investment. The bank will now have to be paid back first, and what if the company is not making any money? What happens when they do not know how to spend money wisely, or do not use a budget?

Directors of a company, public or private have a lot of power. If they are able to get a loan from a bank, without the vote of the shareholders, then you as a shareholder are left holding the bag. If it is a public held company, then the price per share will drop, when they have more debt. If the public company can have a press release to say it is for materials for a contract they just received and the money is going to be paid back once the contract billing starts getting paid, then you at least know what the revenue outlook is like.

If you are a shareholder of a private company, then you do not have to be told what the Directors and Officers are doing at the company. You will find out at a shareholders meeting, if one is called for. An annual meeting is a requirement to continue status of a corporation. If the Directors or Officers do not have an annual meeting, the Shareholders can protest that the company is being run like a sole proprietorship and that any debt incurred should not be taken out of the Shareholders investment. The Shareholder should request that they receive the fair market value for their shares and remove themselves as a shareholder.