Sunday, November 28, 2010

Swimming Pool Maintenance Mistakes

A swimming pool is great attraction for apartment complex and it is a best place for enjoying the fresh waters or swim on a hot day. A pool not managed properly will cause headache causing health problems and leading to grow all sorts of bacteria in untreated pools, causing illness in family members, particularly kids. A well maintained swimming pool makes a great attraction to every home or apartment and will increase the value of your property. Regular maintenance of swimming pool makes your pool maintenance work simple, easy and helps in pool last longer. Following are some common swimming pool maintenance mistakes.


Common swimming pool maintenance mistakes

Mistakes in swimming pool maintenance cause health problem, spreading of waterborne diseases and allows growth of bacteria in pool water. Following are common swimming pool maintenance mistakes repeated by property managers or pool keeper.
·                            Mistake in pool chemistry: First and important mistake in swimming pool maintenance is not balancing pool chemistry. Check the pool’s chemistry twice per week in the summer and once per week in the winter. For chlorine to be effective pH, stabilizer, and alkalinity levels also have to be kept in check.
·                            Improper cleaning of filters: Whether you have a DE filter, Cartridge filter, or sand filter, the filter should be marked with the last cleaning date and serviced on a regular schedule after that. Most filters require backwashing when the pressure gauge rises 8-10 PSI from clean. If you backwash on a regular basis for no reason, you are wasting water. Backwashing sand or DE filters too often can never reach its cleaning potential. When backwashing does not reduce the pressure or it has been 6 months since the last cleaning it needs to be taken completely apart, inspected and cleaned.
·                            Corroded or calcified cells: Not cleaning the salt cell (chlorine generator of a salt pool) is a common mistake. The salt cell will produce limited chlorine if it is clogged and the walls of the cell are calcified. Ensure to clean the cells once in every three months.
·                            Low water balance: Auto Fill Water Levelers automatically fill your pool with water when the water level drops below a certain level. Unless your pool is equipped with an auto fill system, you need to keep the water level up to the point where water can easily flow into the skimmers so that your pool pump does not suck in air. A timer for your hose bib can be an effective solution. Low or high alkalinity can affect water balance and ultimately a sanitizer’s ability to perform. Check TDS (Total Dissolved Solids) every 6 months and calcium hardness every month.
·                            Not cleaning skimmer baskets: Not cleaning skimmer baskets, pool cleaner bags, leaf catchers and the pump basket is common mistakes made by pool keeper or property manager. Some leafy pools in fall may need to be emptied out as often as several times per day. Even with a weekly pool service pool owners should check these areas between service visits. If these are full of debris you will get little flow resulting in poor circulation, potentially creating a big problem.
·                            Calcified walls and tiles: Most property manager or pool keeper fails to brush the sides of the pool which results in algae and calcified wall. Once the tile gets calcified it becomes like plaque and will take a specialist to get it off. Brushing down the walls will help eliminate algae problems, keeping your tile clean and save you money. If you have a weekly service brushing and vacuuming should be on their schedule for every visit depending on the pool and the season.
·                            Ignoring pool leak: Constantly adding water to keep a pool filled can be the sign of a leak. Due to fears of torn up concrete and huge repair bills, home owners or property manager often put off leak detection. You should not ignore a pool leak even if the water loss is minor, the leak will eventually get worse, be harder and more expensive to fix. If you cannot find the leak yourself it is best to consult a professional pool repair service.
·                            Not running pumps long enough: The pool pump needs to run long enough each day to filter all of the water in the pool at least once. Pool heaters typically have a thermostat control that prevents overheating and waste of energy. You should run your pump about 1 hour for every 10 degrees of temperature. The pool cleaner should be run 8 to 10 hours in the summer and 6 to 7 hours in winter depending on your pool.
·                            Mistakes in adding chemicals: For proper maintenance of pool, pool keeper or property manager need to treat pool with chemicals on a regular basis. When the pool chemicals are correctly introduced to the water, they will be more effective and longer lasting. It is best to add the shock treatment to the pool when it is dusk, and the sun is not shining on the pool. The sun can break down the chemicals in the shock, making it a less effective sanitizer for your pool.
·                            Ignoring dangers around a pool: A pool keeper or property manager should never ignore any danger around a pool during pool maintenance. Make sure you follow the guidelines of the pool manufacturer, test water regularly and keep chemical levels maintained. Broken child safety fencing, lock or gate, loose coping, cracks in the concrete, outdated electrical systems and not replacing broken or missing drains or suction sources are real and dangerous hazard.

Thursday, November 25, 2010

Mistakes men make while proposing

A survey conducted by a South Korean wedding agency and released ahead of Valentine's Day, the prime season for proposals and grand romantic gestures, found that the first rule is never to assume. 

The poll by the firm Duo of 89 men and 107 women found that a majority of the women chose diamond rings as the most favourable gift while a majority of the men falsely assumed that women want simply sweet words or a song of love. 



The survey found, however, that none of the 107 female respondents wanted a song. 

The second rule is not to be stingy. 

The magic of the moment might be lost if a man makes the mistake of taking his girlfriend out to a place around the corner, Duo said. 

"He was handsome and funny, but I dumped my younger date after he brought me to a neighbourhood motel to propose," said respondent Kim Hye Jin, 32, a marketing manager at a pharmaceutical company. "I felt miserable when I was sitting in such a cheap place at such a moment." 

The third rule is no public surprises. 

The wedding agency said a woman on the receiving end of such a bombshell might often feel embarrassed or uncomfortable rather than loved. 

A 29-year-old male respondent identified only by his family name of Chung told of a time when he jumped on a restaurant's music stage while dining with his girlfriend to yell, "I love you", and read aloud a love letter to her. 

What he got in return, he said, was not appreciation but a look of shame. "This is ridiculous," she told him. "What is this in front of all these people here? Let's get out of here." 

Playing hide-and-seek with a wedding ring - for instance, by placing it in a cake - is also not considered romantic by women, Duo said. Many found it common and outdated. 

So is there a universal way to touch women's hearts? The wedding agency said many men found this way to be most successful: Prepare champagne, wine and balloons, and kneel down before her and tell her what's in your heart. 

Read more: Mistakes men make while proposing - The Times of India http://timesofindia.indiatimes.com/life-style/relationships/man-woman/Mistakes-men-make-while-proposing/articleshow/4117060.cms#ixzz15SJteSgG

Sunday, November 21, 2010

How to learn from your mistakes

You can only learn from a mistake after you admit you’ve made it. As soon as you start blaming other people (or the universe itself) you distance yourself from any possible lesson. But if you courageously stand up and honestly say “This is my mistake and I am responsible” the possibilities for learning will move towards you. Admission of a mistake, even if only privately to yourself, makes learning possible by moving the focus away from blame assignment and towards understanding. Wise people admit their mistakes easily. They know progress accelerates when they do.
This advice runs counter to the cultural assumptions we have about mistakes and failure, namely that they are shameful things. We’re taught in school, in our families, or at work to feel guilty about failure and to do whatever we can to avoid mistakes. This sense of shame combined with the inevitability of setbacks when attempting difficult things explains why many people give up on their goals: they’re not prepared for the mistakes and failures they’ll face on their way to what they want. What’s missing in many people’s beliefs about success is the fact that the more challenging the goal, the more frequent and difficult setbacks will be. The larger your ambitions, the more dependent you will be on your ability to overcome and learn from your mistakes.
But for many reasons admitting mistakes is difficult. An implied value in many cultures is that our work represents us: if you fail a test, then you are a failure. If you make a mistake then you are a mistake (You may never have felt this way, but many people do. It explains the behavior of some of your high school or college friends). Like eggs, steak and other tasty things we are given letter grades (A, B, C, D and F) organizing us for someone else’s consumption: universities and employers evaluate young candidates on their grades, numbers based on scores from tests unforgiving to mistakes.
For anyone than never discovers a deeper self-identity, based not on lack of mistakes but on courage, compassionate intelligence, commitment and creativity, life is a scary place made safe only by never getting into trouble, never breaking rules and never taking the risks that their hearts tell them they need to take.
Learning from mistakes requires three things:

Putting yourself in situations where you can make interesting mistakes
      Having the self-confidence to admit to them
Being courageous about making changes
This essay will cover all three. First we have to classify the different kinds of mistakes.

The four kinds of mistakes

One way to categorize mistakes is into these categories:
      Stupid: Absurdly dumb things that just happen. Stubbing your toe, dropping your pizza on
      your neighbor’s fat cat or poking yourself in the eye with a banana.

      Simple: Mistakes that are avoidable but your sequence of decisions made inevitable. Having
       the power go out in the middle of your party because you forgot to pay the rent, or running    
       out of beer at said party because you didn’t anticipate the number of guests.
      
      Involved: Mistakes that are understood but require effort to prevent. Regularly arriving late to 
      work/friends, eating fast food for lunch every day, or going bankrupt at your start-up company
      because of your complete ignorance of basic accounting.

      Complex: Mistakes that have complicated causes and no obvious way to avoid next time.
      Examples include making tough decisions that have bad results, relationships that fail, or
      other unpleasant or unsatisfying outcomes to important things.
(I’m sure you can come up with other categories: that’s fantastic, please share them here. But these are the ones you’re stuck with for the rest of this essay).

I’m leaving all philosophical questions about mistakes up to you. One person’s pleasure is another person’s mistake: decide for yourself. Maybe you enjoy stabbing your neighbor’s cat with a banana, who knows. We all do things we know are bad in the long term, but are oh so good in the short term. So regardless of where you stand, I’m working with you. However mistakes are defined in your personal philosophy this essay should help you learn from them.
Learning from mistakes that fall into the first two categories (Stupid & Simple) is easy, but shallow. Once you recognize the problem and know the better way, you should be able to avoid similar mistakes. Or in some cases you’ll realize that no matter what you do once in a while you’ll do stupid things (e.g. even Einstein stubbed his toes).
But these kinds of mistakes are not interesting. The lessons aren’t deep and it’s unlikely they lead you to learn much about yourself or anything else. For example compare these two mistakes
A.      My use of dual part harmony for the 2nd trumpets in my orchestral composition for the homeless children’s shelter benefit concert overpowered the intended narrative of the violins.
B.      I got an Oreo stuck in my underwear.
The kind of mistakes you make define you. The more interesting the mistakes, the more interesting the life. If your biggest mistakes are missing reruns of tv-shows or buying the wrong lottery ticket you’re not challenging yourself enough to earn more interesting mistakes.
And since there isn’t much to learn from simple and stupid mistakes, most people try to minimize their frequency and how much time we spend recovering from them. Their time is better spent learning from bigger mistakes. But if we habitually or compulsively make stupid mistakes, then what we really have is an involved mistake.

Involved mistakes

The third pile of mistakes, Involved mistakes, requires significant changes to avoid. These are mistakes we tend to make through either habit or nature. But since change is so much harder than we admit, we often suffer through the same mistakes again and again instead of making the tough changes needed to avoid them.
Difficultly with change involves an earlier point made in this essay. Some feel that to agree to change means there is something wrong with them. “If I’m perfect, why would I need to change?” Since they need to protect their idea of perfection, they refuse change (Or possibly, even refuse to admit they did anything wrong).
But this is a trap: refusing to acknowledge mistakes, or tendencies to make similar kinds of mistakes, is a refusal to acknowledge reality. If you can’t see the gaps, flaws, or weaknesses in your behavior you’re forever trapped in the same behavior and limitations you’ve always had, possibly since you were a child (When someone tells you you’re being a baby, they might be right).
Another challenge to change is that it may require renewing commitments you’ve broken before, from the trivial “Yes, I’ll try to remember to take the trash out” to the more serious “I’ll try to stop sleeping with all of your friends”. This happens in any environment: the workplace, friendships, romantic relationships or even commitments you’ve made to yourself. Renewing commitments can be tough since it requires not only admitting to the recent mistake, but acknowledging similar mistakes you’ve made before. The feelings of failure and guilt become so large that we don’t have the courage to try again.
This is why success in learning from mistakes often requires involvement from other people, either for advice, training or simply to keep you honest. A supportive friend’s, mentor’s or professional’s perspective on your behavior will be more objective than your own and help you identify when you’re hedging, breaking or denying the commitments you’ve made.
In moments of weakness the only way to prevent a mistake is to enlist someone else. “Fred, I want to play my Gamecube today but I promised Sally I wouldn’t. Can we hang out so you can make sure I don’t do it today?” Admitting you need help and asking for it often requires more courage than trying to do it on your own.
The biggest lesson to learn in involved mistakes is to that you have to examine your own ability to change. Some kinds of change will be easier for you than others and until you make mistakes and try to correct them you won’t know which they are.

How to handle complex mistakes

he most interesting kinds of mistake are the last group: Complex mistakes. The more complicated the mistake you’ve made, the more patient you need to be. There’s nothing worse than flailing around trying to fix something you don’t understand: you’ll always make things worse.
I remember as a kid when our beloved Atari 2600 game system started showing static on the screen during games. The solution my brother and I came up with? Smack the machine as hard as we could (A clear sign I had the intellect for management). Amazingly this worked for awhile, but after weeks of regular beatings the delicate electronics eventually gave out. We were lazy, ignorant and impatient, and couldn’t see that our solution would work against us.
Professional investigators, like journalists, police detectives and doctors, try to get as many perspectives on situations as possible before taking action (Policemen use eyewitnesses, Doctors use exams and tests, scientific studies use large sample sizes). They know that human perception, including their own, is highly fallible and biased by many factors. The only way to obtain an objective understanding is to compare several different perspectives. When trying to understand your own mistakes in complex situations you should work in the same way.
Start by finding someone else to talk to about what happened. Even if no one was within 50 yards when you crashed your best friend’s BMW into your neighbor’s living room, talking to someone else gives you the benefit of their experience applied to your situation. They may know of someone that’s made a similar mistake or know a way to deal with the problem that you don’t.
But most importantly, by describing what happened you are forced to break down the chronology and clearly define (your recollection of) the sequence of events. They may ask you questions that surface important details you didn’t notice before. There may have been more going on (did the brakes fail? Did you swerve to avoid your neighbor’s daughter? etc.) than you, consumed by your emotions about your failure, realized.
If multiple people were involved (say, your co-workers), you want to hear each person’s account of what happened. Each person will emphasize different aspects of the situation based on their skills, biases, and circumstances, getting you closer to a complete view of what took place.
If the situation was/is contentious you may need people to report their stories independently – police investigators never have eyewitness collaborate. They want each point of view to be delivered unbiased by other eyewitnesses (possibly erroneous) recollections. Later on they’ll bring each account together and see what fits and what doesn’t.
An illustrative example comes from the book Inviting disasters Inviting Disaster: Lessons from the edge of technology. It tells the story of a floating dormitory for oil workers in the North Sea that rolled over during the night killing over 100 people. The engineering experts quickly constructed different theories and complex explanations that focused on operational errors and management decisions.
All of these theories were wrong. It was eventually discovered through careful analysis that weeks earlier a crack in a support structure had been painted over, instead of being reported and repaired. This stupid, simple and small mistake caused the superstructure to fail, sinking the dormitory. Without careful analysis the wrong conclusion would have been reached (e.g. smacking the Atari) and the wrong lesson would have been learned.
Until you work backwards for moments, hours or days before the actual mistake event, you probably won’t see all of the contributing factors and can’t learn all of the possible lessons. The more complex the mistake, the further back you’ll need to go and the more careful and open-minded you need to be in your own investigation. You may even need to bring in an objective outsider to help sort things out. You’d never have a suspect in a crime lead the investigation, right? Then how can you completely trust yourself to investigate your own mistakes?
Here some questions to ask to help your investigation:
·                                 What was the probable sequence of events?
·                                 Were their multiple small mistakes that led to a larger one?
·                                 Were there any erroneous assumptions made?
·                                 Did we have the right goals? Were we trying to solve the right problem?
·                                 Was it possible to have recognized bad assumptions earlier?
·                                 Was there information we know now that would have been useful then?
·                                 What would we do differently if in this exact situation again?
·                                 How can we avoid getting into situations like this? (What was the kind of situation we wanted to be in?)
·                                 Was this simply unavoidable given all of the circumstances? A failure isn’t a mistake if you were attempting the impossible.
·                                 Has enough time passed for us to know if this is a mistake or not?
As you put together the sequence of events, you’ll recognize that mistakes initially categorized as complex eventually break down into smaller mistakes. The painted over crack was avoidable but happened anyway (Stupid). Was there a system in place for avoiding these mistakes? (Simple). Were there unaddressed patterns of behavior that made that system fail? (Involved). Once you’ve broken a complex mistake down you can follow the previous advice on making changes.

Humor and Courage

No amount of analysis can replace your confidence in yourself. When you’ve made a mistake, especially a visible one that impacts other people, it’s natural to question your ability to perform next time. But you must get past your doubts. The best you can do is study the past, practice for the situations you expect, and get back in the game. Your studying of the past should help broaden your perspective. You want to be aware of how many other smart, capable well meaning people have made similar mistakes to the one you made, and went on to even bigger mistakes, I mean successes, in the future.
One way to know you’ve reached a healthy place is your sense of humor. It might take a few days, but eventually you’ll see some comedy in what happened. When friends tell stories of their mistakes it makes you laugh, right? Well when you can laugh at your own mistakes you know you’ve accepted it and no longer judge yourself on the basis of one single event. Reaching this kind of perspective is very important in avoiding future mistakes. Humor loosens up your psychology and prevents you from obsessing about the past. It’s easy to make new mistakes by spending too much energy protecting against the previous ones. Remember the saying “a man fears the tiger that bit him last, instead of the tiger that will bite him next”.
So the most important lesson in all of mistake making is to trust that while mistakes are inevitable, if you can learn from the current one, you’ll also be able to learn from future ones. No matter when happens tomorrow you’ll be able to get value from it, and apply it to the day after that. Progress won’t be a straight line but if you keep learning you will have more successes than failures, and the mistakes you make along the way will help you get to where you want to go.

The learning from mistakes checklist

·                                 Accepting responsibility makes learning possible.
·                                 Don’t equate making mistakes with being a mistake.
·                                 You can’t change mistakes, but you can choose how to respond to them.
·                                 Growth starts when you can see room for improvement.
·                                 Work to understand why it happened and what the factors were.
·                                 What information could have avoided the mistake?
·                                 What small mistakes, in sequence, contributed to the bigger mistake?
·                                 Are there alternatives you should have considered but did not?
·                                 What kinds of changes are required to avoid making this mistake again?What kinds of change are difficult for you?
·                                 How do you think your behavior should/would change in you were in a similar situation again?
·                                 Work to understand the mistake until you can make fun of it (or not want to kill others that make fun).
·                                 Don’t over-compensate: the next situation won’t be the same as the last.

References

Inviting Disaster: Lessons from the edge of technology by James Chiles. A series of magazine style essays about major technological disasters in the last 100 years. Includes the Challenge shuttle, Apollo 13, & Three mile island.
The Logic of Failure by Dietrich Dorner. An analysis of decision making mistakes in complex environments. More academic than Inviting disaster, but also more prescriptive.
Making things happen . The essay you just read (ok, skimmed) is the 2nd cousin of two chapters of this book: Chapter 11: What to do when things go wrong and Chapter 12: Why Leadership is based on trust.


Thursday, November 18, 2010

Indira: Great heroes make great mistakes

Gandhi gave us freedom, Nehru protected our independence and Indira Gandhi saved the nation. Is that too neat to be correct?

A leader, unlike a mere office-bearer, possesses the ability to define the existential challenge of the moment, and guide a generation towards a promised destination. Gandhi, Nehru and Indira were leaders, albeit on different tiers of history, each a mixture of success and failure. Gandhi's pedestal is secure from controversy but elevation tends to deflect his achievement. As Jawaharlal observed, Gandhi freed Indians from fear; freedom from the British was a consequence. Gandhi's most significant failure, by his own values, was surely that he could not free Indians from violence.

Did Gandhi insist on non-violence for both moral and tactical reasons? He was committed to the principle, of course, but did he also suspect that only an inherently violent people needed the imposition of non-violence in order to save themselves from themselves? Did he suspect that armed Indians might destroy each other in the name of caste or creed long before they identified the true enemy? Untouchability is best described as insidious and silent violence. Gandhi lost his life to the gun he could not eliminate, but his cathartic death exhausted India's surge towards civil war.

Nehru understood, better than some of his successors, that freedom was not synonymous with independence. Neo-colonization is, after all, the grant of independence on condition you do not exercise it. British India was both colony and neo-colony, the latter being the status of princely states. Nehru saw, all around him, how quickly the post-colonial world sought the sanctuary of nurseries set up by both Washington and Moscow. He believed that India's tryst with destiny was something more substantive than occasional lollipops; that India's success could not be outsourced to even a well-wisher, let alone any cynical superpower searching for allies in a Cold War. He needed to look no further than Pakistan for a narrative of dependency. He stumbled when he trusted the Third World as much as he distrusted the First. His Himalayan blunder was a calculation, or miscalculation, that China would be a partner in such a world view. He confused himself with others, and the Chinese laughed at his commitment to peace. Trust is so often the ultimate naivete.

India welcomed the realism of Indira Gandhi after the travails of Nehru's idealism. Her two decades, between 1964 and 1984, as cabinet minister and prime minister, constituted an age of violence in all its myriad complexities: communal, ethnic, linguistic, Communist, secessionist. Language riots in the south; Hindu-Muslim mayhem across the map; Naxalite insurgents lighting a Maoist prairie fire; radical trade unions; a war with Pakistan; Emergency; and, in her second term as prime minister, upheaval in Assam, explosions across the North-East and a full-fledged rebellion in Punjab led by a charismatic theocrat. Calm was not written in Mrs Gandhi's fate lines. Was Bangladesh her high point and Emergency the nadir?

India could have gone the way so many post-colonial dictatorships in Africa and Asia if the Emergency, justified by sycophants as essential to the national interest, had stratified into long-term one-person rule. Some of her closest advisers were determined that it should continue for 20 years. The government had survived the initial outburst by sending the Opposition into prison and the press into coma. Individuals and institutions were gradually co-opted into the quasi-dictatorship. But just when hope for democracy had begun to ebb, one person realized that a government without a mandate was illegitimate. That person was Mrs Gandhi. In January 1977, she shocked friend and foe by calling a general election. In March, she was shocked when the Congress was routed. Democracy has never been challenged again.

It is odd that a leader who was so adept at war in 1971 should prove so gullible in the subsequent peace process. No matter which way you look at it, the Simla Agreement of 1972 was an opportunity thrown away. The cease-fire line of 1948 should have been converted into the permanent border, sealing, thereby, the 1966 Tashkent Agreement in which India and Pakistan inked a commitment to respect this line. Mrs Gandhi held all the trumps in 1972, and lost the hand to Zulfiqar Bhutto. His successor, Zia-ul-Haq, took revenge for Bangladesh by helping foment the Punjab revolt: its apex, in 1984, saw the destruction of the Golden Temple, the assassination of Indira Gandhi, and the frenzied massacre of Sikhs. Zia-ul-Haq could not tear India apart, but he left a wound in India's heart.

Mrs Gandhi's martyrdom washed away her mistakes from public memory. But only great heroes make great mistakes.
http://blogs.timesofindia.indiatimes.com/TheSiegeWithin/entry/indira-great-heroes-make-great

Sunday, November 14, 2010

5 personal finance mistakes that first time entrepreneurs must avoid

Entrepreneurship is hard. First time entrepreneurs make it harder for themselves by making some basic mistakes regarding their personal finances. Here is a quick guide on what these common mistakes are and what one can do to avoid them.

1. Don’t take a personal loan to fund the business

Problem: Entrepreneurs often take a loan (personal loan, credit cards, or loans against property) to fund their businesses. This high-risk strategy could personally expose you to financial distress.
Solution: As much as possible, you should bootstrap your business through savings, or using money that is not going to put your own financial future or those of your financial dependents at risk.

2. Estimate upfront the cash needed up to raising angel or venture funding

Problem: It’s common to see entrepreneurs underestimate the capital needed at the really early stage of a business for basic things like travel, communication, demos etc. You can burn through your savings well before you have anything significant to share with potential investors. As a result, you might be forced into making a rash decision such as taking a high cost personal loan in order to bridge the gap.
Solution: Understand what your personal capacity is to supply cash to the business. Before this “oxygen” runs out figure out if you can achieve milestones relevant to the angel or VC. If you think you do not have sufficient funds of your own, consider brining on a co-founder who can supply additional capital in addition to complementing your skills.

3. Avoid giving personal guarantees to friends and family

Problem: Strapped for cash entrepreneurs often raise money from their loved ones and give a personal guarantee to the backer, whether express or implied.
Solution: Recognize that an early stage venture is risky and make your backers understand that they could lose their entire investment in case things do not work according to plan. Under no circumstances should you assume any personal liability.

4. Incorporate at the right time

Problem: Entrepreneurs often spend significant amounts of their personal money during the very early stages of a venture on items such as travel, communication, market survey or a basic proof of concept. However, they don’t account for these expenses in the business because they have not incorporated a company. This might result in entrepreneurs not getting credit for the monetary resources they have invested into the business.
Solution: When the expenses become material, it might no longer make practical sense for you to fund the venture from your personal account. Consider incorporating the business and capitalizing it with your money. Thereafter, spend from your company account so that you load the venture with its true costs and also your business can claim tax benefits.

5. Protect your Foundation

Problem: There is a romanticized notion of entrepreneurs surviving on cheap noodles and sleeping on a friend’s floor in the early stages of start-up life. To keep costs low entrepreneurs stretch themselves beyond reason, thus ignoring basic foundation goals.
Solution: We agree that entrepreneurship calls for personal sacrifices. But, in India we have no state funded welfare support, so we are on our own. Ensure that life’s basic needs are being met. Additionally, when you raise funding, negotiate a reasonable salary so that you at least have your basic household and family expenses under control.
http://www.pluggd.in/personal-finance-mistakes-that-first-time-entrepreneurs-must-avoid-297/

Wednesday, November 10, 2010

5 Financial Mistakes New Freelancers Make


Ignoring Your Savings
One of the worst things you can do as you prepare to embark on your career as a freelancer is to ignore your savings. Most financial experts recommend always having a buffer of at least 6 months in savings in case of financial emergency. Having that kind of a financial safety-net before starting your freelance career might be niche but isn’t always possible. The truth, however, is that you should have some money in savings to help you cover your rent, utilities, and grocery bill while you search for new clients. Make sure you have a month or two in reserve and don’t forget to continue adding to your savings as you begin earning more.
Living Beyond Your Means
Let’s say you’re working a 9-5 job in corporate America. You’re probably used to buying a cup of hot coffee on your way to work in the morning and you might buy your lunch every day. When you first start freelancing you’ll need to be more careful about your expenses – every penny will count. That $5 cup of gourmet coffee, while nice, may add up to the amount of money you need to pay your electric bill. Your lifestyle will change as you grow your business, but it is important to recognize that you may not be as well off in the beginning as you hope to be.
Not Adjust Your Expenses
We often take our day-to-day expenses (or lack thereof) for granted. Your office job probably gave you access to long-distance telephone calls, fax machines, and copy machines – whether you should have been utilizing them for personal reasons or not. Now you’ll have to pay for these and other expenses on your own and they can quickly add up. Adjust your cell or home phone calling plan to include long distance, invest in an online faxing service, and look for some all-in-one office equipment (printer/copier). The more you can do in-house, the more you’ll save and have available to grow your business.
Not Tracking Your Expenses
As a freelancer, almost every single penny you spend will count as a tax deduction. Keep track of expenses – from office supplies to medical appointments – and organize your receipts accordingly. Your accountant will be able to help you determine what you can legally write-off when tax time rolls around – and you may just be surprised at how much you’re able to save.
Redefine Trust
For me, the hardest part about launching my freelance career was redefining my definition of trust. I was suddenly on my own and wanted to trust everyone who recommended a product or service that would make my business better. I subscribed to blog feeds, read countless newsletters, and subjected myself to “shiny new object syndrome.” I bought product after product, trusting their promoters and believing each would help me to grow. I would buy one thing and then purchase the next before I had finished with the first. This type of spending will eat into your profits and, if you aren’t careful, cause you to quickly build up a significant amount of debt.
As a freelancer you’ll want to gain control of your financial situation from the very beginning. Take your time and build your business slowly. Don’t waste your money on things you don’t need and make future investments wisely. Treading carefully, especially in today’s economy, will ensure you’re always able to put food on the table!
http://technotip.org/5-financial-mistakes-new-freelancers-make/

Saturday, November 6, 2010

Some common diet mistakes

Some do make it and are able to wriggle into those delicious figure-skimming dresses they've been eyeing for quite some time. Some try and change their lifestyle and eating habits, but their weight refuses to budge. Here's why. People tend to think they change their food habits way more than they actually do. Here are three of the most common diet mistakes most people make: 

Sneaking in food (and not keeping track!) 
Okay, so you are all resolute and don't order dessert. But what about the 'not just a couple of' bites you sneak in from your friend's rich chocolate gateaux? Doesn't that count? What about the tea and cookies you have when you drop in for a friendly chat at your neighbour's? How many cups of coffee do you guzzle while brainstorming at a business meeting? How many glasses of water do you drink in a day? Dietician and sports nutritionist Deepshikha Agarwal says, "Drinking less water is the mistake people make the most. It's a misconception that drinking a lot of water causes water-retention. Most of us live in denial, or are merely not aware, of the amount of food we eat." 


Skipping a meal 
Nutritionist Dr Pooja Makhija says, "Without a doubt, the biggest blunder you can make when it comes to dieting is to starve yourself. Just because you're dieting, it isn't acceptable to skip a meal. When you skip a meal, your blood sugar level drops, increasing your craving for saturated sugary foods, which are a lot fattening than a simple, home-cooked meal." Skipping breakfast is bad and you're likely to eat more calories during the day. Deepshikha says, "People on a diet tend to eat twice, once or not at all. In fact, one must eat small meals six times a day. It increases your metabolic rate, which in lay man's language is your calorie burning capacity," she says. 

Looking at the short-term 
You goal should be to reach to a healthy size and maintain it, instead of drastic weight loss. Sustained weight-loss requires systematic lifestyle changes. Eat a balanced nutritious diet that contains food from different groups and supplement it with exercise and an active lifestyle. 

Maintain a food diary 
The simple act of recording what you eat daily can strengthen your tenacity to see a diet to target. Psychiatrist Dr Harish Shetty says, "A food diary not only gives you a sense of regulation, but also keeps you alert, to psyche you into eating right. It is great for the dietician as well to keep track since it is a written testimony by the client himself." 

— Record every morsel of food. It will give you a clear picture of how the extra calories come in your diet. You can also track emotional eating through this. 

— You're less likely to binge or overeat (reaching out for a second helping of pudding) when you're fully aware that you're recording your actions. You will start listening to your real hunger pangs, and not your moody ones. 

— Buy a pretty-looking journal that you anticipate writing in every night, and also carry around with you. 

— Besides writing about what you eat, also jot down why you eat that particular food. 
Keep it for a month and see how it works out for you. Most likely, you won't really need it after that. 

You will be more aware of your eating patterns and avoid or manage confrontations that generate over-eating reactions from you. 

You also know situations better. Do you eat the same amount while you order a la-carte and while in a buffet? You could make your food diary tech savvy and use an electronic log or a spreadsheet. In fact, if you're one of those techno freaks, you could tweet about your food if it helps you, for all anyone would care. 

So forget the diets that promise weight loss, just opt for this self-controlling weight loss method. Needless to say, it is also the thriftiest diet aid ever! 

http://timesofindia.indiatimes.com/life-style/health-fitness/diet/Some-common-diet-mistakes-/articleshow/6063177.cms

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