Great Business Stories / Lessons / Jokes

The following will be great fodder for pub talk among friends. Many have been used at motivational classes and seminars as they provide good lessons in character and business.

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ITS A BEAUTIFUL DAY

An old blind man was sitting on a busy street corner in the rush-hour begging for money. On a cardboard sign, next to an empty tin cup, he had written: 'Blind - Please help'.
No-one was giving him any money. A young advertising writer walked past and saw the blind man with his sign and empty cup, and also saw the many people passing by completely unmoved, let alone stopping to give money. The advertising writer took a thick marker-pen from her pocket, turned the cardboard sheet back-to-front, and re-wrote the sign, then went on her way.
Immediately, people began putting money into the tin cup.
After a while, when the cup was overflowing, the blind man asked a stranger to tell him what the sign now said.
"It says," said the stranger, " 'It's a beautiful day. You can see it. I cannot.' "
Is this a lesson on wonders of advertising, which many seem to proclaim. No ... its using words properly. You can convey from your standpoint, or better still convey in a way that ALLOWS people to empathise. Nothing has changed, just the way people look at the message. The power of words used correctly, not to deceive but to enlighten.

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WE ALL WANT TO DO NOTHING
An eagle was sitting on a tree resting, doing nothing. A small rabbit saw the eagle and asked him, 'Can I also sit like you and do nothing?'
 The eagle answered: 'Sure, why not.' So, the rabbit sat on the ground below the eagle and rested. All of a sudden, a fox appeared, jumped on the rabbit and ate it.
Moral of the story:
To be sitting and doing nothing, you must be sitting very, very high up."
Great business story, don't fuck around unless you can afford to. Get there first.

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HALF FULL, HALF EMPTY
Many years ago two salesmen were sent by a British shoe manufacturer to Africa to investigate and report back on market potential.
The first salesman reported back, "There is no potential here - nobody wears shoes."
The second salesman reported back, "There is massive potential here - nobody wears shoes."
This simple short story provides one of the best examples of how a single situation may be viewed in two quite different ways - negatively or positively.
We could explain this also in terms of seeing a situation's problems and disadvantages, instead of its opportunities and benefits.

The importance of the story cannot be under estimated. Always surround yourself with energetic positive people. Depressed or pessimistic ones never achieve anything, they just find reasons to give up or resigned to fate.

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CAPABILITY & WORTH
A heart surgeon took his car to his local garage for a regular service, where he usually exchanged a little friendly banter with the owner, a skilled but not especially wealthy mechanic.
"So tell me," says the mechanic, "I've been wondering about what we both do for a living, and how much more you get paid than me.."
"Yes?.." says the surgeon.
"Well look at this," says the mechanic, as he worked on a big complicated engine, "I check how it's running, open it up, fix the valves, and put it all back together so it works good as new.. We basically do the same job don't we? And yet you are paid ten times what I am - how do you explain that?"
The surgeon thought for a moment, and smiling gently, replied,"Try it with the engine running.."
I still think medical specialists charge way too much for what they do, but there is an element of truth in the story, know what you are worth. If what you can do, can also be done by a lot of people, you better be great at it to make good money. If what you can do, only a handful can emulate, then you are on your way to premium monetary rewards. Always seek to do what very few people can do well.

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STRATEGY & WISDOM
Two bulls, one young and full of enthusiasm, and the other older and wiser, see a herd of cows. The young bull says, "Let's charge down this hillside and have our wicked way with a couple of those cows."
The old bull replies, "No, how about we stroll gently down this hillside and have our wicked way with them all."
Always strategise, instead of rushing in head first. There is always a better way that comes from wisdom i.e. experience from making enough mistakes in the first place.

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STATING THE OBVIOUS
A Sikh, a Muslim, an Englishman, an Irishman, a Scotsman, a Welshman, a Jew, a Buddhist and a Hindu go into a pub.
The barman looks up and says, "Is this some kind of a joke?"
This is so funny because the premise is already a huge joke. Picking out the obvious is already damn funny. Too often we see presentations or business proposals that have glaring holes and gaps, and yet no one dares to state the obvious. Just say it, "this looks like shit". This will force the other side to defend or explain why it is not shit. When you push, you'd be surprised how much better everyone gets.

Check Out Emerald Square @ Rawang

I don't usually do this, in fact, have never done this. But a very good friend of mine has this completed project of shoplots in Rawang, which will be launched tomorrow. If you are into property, I think its a decent deal price wise.


http://www.emeraldsquare.com.my/index.html

A BIGGER built-up area of 5,600 square feet (for a typical unit) means more space for showcasing your products and storing your goods. All floors are designed with extensive use of glass glazing to offer optimum window display of your merchandise, especially the ground floor with an impressive 16 feet ceiling height. Facing shop offices are 66 feet apart while back lanes are 40 feet wide, offering ample space for parking and shifting of goods.

Slated to be BUSIER than other similar developments in Rawang, Emerald Square is one of the largest shop office commercial developments with 98 units of 3-storey shop offices totalling close to 620,000 square feet of built-up area. High traffic catchment from matured neighbourhoods in the Emerald belt and older Rawang areas translates into more prospective customers for your products and services



Emerald Square is the BETTER value proposition for you because:
  • The units are freehold with CF issued
  • Immediate occupation
  • Convenient access to amenities and highways
  • Neighbouring mature township
  • High capital appreciation and rental potential
  • High building quality
  • Free legal fees on SPA and loan documents
  • Bonus 3-phase electrical wiring for all floors










For more information, please call: + 6012 316 7333


Developer ???:

E PROMPT SDN. BHD. (913307-P)
Suite 8.02, 8th Floor, North Block, The Ampwalk
No.218, Jalan Ampang, 50450 Kuala Lumpur.
Tel: +603 2166 8802 Fax: +603 2168 0802/ +603 6091 6607
Email: lyphau@emeraldsquare.com.my
Website: www.emeraldsquare.com.my

Site Office ?????:
35, Jalan 1/4, Rawang Integrated Industrial Park,
48000 Rawang, Selangor Darul Ehsan.



The SEC Sues Chinese Accounting Firms

This will have grave ramifications:

a) the interest in overseas listed China companies may dwindle even more, with the exception of those listed in HK as they are usually the biggest and more top in their industry; even so, those red chips in HK may see a slight pullback in interest;

b) You can forget about the smaller China companies wanting to list overseas now;

c) Other small exchanges may be "further convinced" to do even more due diligence and examination on those China companies already listed at their exchanges, and may use more of their regulatory powers to uncover any potential wrongdoing

d) the case basically ask the firms to release the papers for the China companies, which the accounting firms say they cannot as they are termed as "state secrets"; what will happen is that the US judge will rule that they have to release, then we have fireworks between Beijing and Washington; if Beijing insists, the China companies will have to delist from US exchanges

e) even now, shares of these China companies are weakening further, prompting many Venture Capital and Private Equity firms in the US to try and take the "good ones" private; for the rest it is doomsday, although some good one may be able to shift their listing back to Shanghai, HK or Singapore ... but only the decent ones will find a home.


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The SEC Sues China Accounting Firms
The United States Securities and Exchange Commission (SEC) is suing subsidiaries of China�s five biggest accounting firms, the agency announced on Dec. 3. The SEC has been investigating nine Chinese companies for possible accounting fraud, but these firms declined to provide auditing drafts to the SEC.

The SEC claims that the Chinese subsidiaries of Deloitte, Ernst & Young, KPMG, Price Waterhouse Coopers and BDO International have violated the United States Securities Exchange Act and Sarbanes-Oxley Act. These laws require overseas accounting firms to submit auditing drafts when an overseas company plans an IPO in the United States.



Securities regulators took aim at the Chinese affiliates of big global accounting firms Monday, after a wave of accounting debacles at publicly traded Chinese firms that led to billions of dollars of shareholder losses.

In the U.S., the Securities and Exchange Commission brought an administrative proceeding against five accounting firms, alleging they refused to hand over documents sought in investigations of alleged accounting frauds at nine Chinese companies.


The U.S. Securities and Exchange Commission, investigating alleged accounting fraud in China, has charged the Chinese affiliates of five major accounting firms for refusing to produce audit work papers. The WSJ's Ken Brown talks about how this may affect multinational companies.

SEC Probe Puts China Listings in Doubt

In Canada, the top securities regulator accused Ernst & Young's Canadian affiliate of missing problems during its audit on Sino-Forest Corp., a timber company that filed for bankruptcy protection this year amid questions about its disclosures.

The accounting firm agreed to pay 117 million Canadian dollars ($117.8 million) to settle separate shareholder allegations that it misled Sino-Forest investors. The settlement disclosed Monday was the largest ever by an auditor in Canadian history, a plaintiff's attorney said. Ernst & Young didn't admit wrongdoing in the settlement, which must still be approved by the bankruptcy court.

Dozens of Chinese companies have raised billions of dollars in the past decade listing their shares on U.S. and Canadian exchanges, before their share prices plummeted amid questions about their bookkeeping and disclosures.

The SEC action, if an administrative law judge rules in its favor, could lead to the Big Four's Chinese affiliates being barred from auditing U.S.-traded companies�something that could complicate the audits of multinational companies doing business in China. The regulatory moves also stand to heighten a U.S.-China confrontation over how much U.S. officials can do to ensure that Chinese audit firms adhere to U.S. regulatory standards.

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An SEC administrative law judge will hear the commission's cases against the China-based accounting firms. If the judge decides against the firms, they could be suspended from seeking new U.S.-traded clients, or even blocked entirely from auditing U.S.-traded companies.

In the Canadian case, the Ontario Securities Commission alleges Ernst & Young didn't exercise enough skepticism in its audits of Sino-Forest to verify the ownership and existence of the company's most significant assets.

According to the commission, for instance, one Ernst & Young auditor in its Canadian affiliate acknowledged in an email to another auditor that the firm had no way of knowing that the trees the audit firm was inspecting were actually owned by Sino-Forest: "I believe they could show us trees anywhere and we would not know the difference." In addition, the commission said, several of Ernst & Young's senior partners at the affiliate involved in auditing Sino-Forest couldn't read or speak Chinese.

Ernst & Young's Canadian affiliate said it was "confident" its Sino-Forest work had met all standards and that the firm "did extensive audit work to verify ownership and existence of Sino-Forest's timber assets."

Ernst & Young said its settlement with shareholders "is without admission of liability" and "will reduce the uncertainty and future burden on our business, and allow us to focus on our people and our clients."

Sino-Forest was one of the largest forest-product companies listed in Canada when a report last year by U.S. short-seller Muddy Waters LLC alleged fraud at the company. Since then, the Ontario Securities Commission has started administrative proceedings against Sino-Forest, and several of its former executives already face allegations from the commission that they inflated timber purchases; the company is currently trying to restructure under bankruptcy protection. Sino-Forest last year conducted an internal investigation into the allegations, but executives have denied fraud.


Important Trends & Facts For The Mobile Internet Age

We did not make it to the Kleiner Perkins Caulfield & Byers presentation, but here are the important slides.

This is surprising, Apple products have different penetration rates and sustainability in demand. I guess iPad takes the cake because it is not a replacement device as most people have mobile phones already whereas iPads buyers are usually fresh purchases.



Android, key if you are a developer.



What the kids want, they will get ... important trends in figuring out what they want, and why these are cool products for them to own.



If I was in advertising, I'd have change the entire platform and the way advertising should be strategised for companies. Take on new resources that would sharpen your formulation of ideas to display and dissemination via various devices.






Say bye-bye to Windows ... RIP it was not fun while you dominated the market and screwed us royally for decades owing to your monopolistic positioning.


THIS IS THE KEY TO THE NEXT FEW YEARS .... helping people to be asset light.




Single, Married & Divorced ............







The "Line-Up" Has To Go

http://zaiduntukrakyat.com/

Barisan has to go
Nov 29, 2012
ZAID UNTUK RAKYAT

 by Zaid Ibrahim

There is no doubt in anyone�s mind that the country�s entire system of administration has to change.

The former Inspector-General of Police�s revelation that Ministers and other higher-ups sometimes directed him not to arrest or investigate certain individuals for alleged criminal acts is a clear case of obstruction of justice, one that has been going on for many years.

For as long as UMNO remains in power, this practice will continue because UMNO leaders believe that they are the law. Did you hear anyone at the UMNO General Assembly express their concerns about these matters? Of course not � they would rather focus on threatening Malaysians with incidents like May 13, which they said would recur if the Barisan Nasional loses power in the next General Election. They also warned that an Opposition win will bankrupt the country.

Businessman Deepak Jaikishan�s disclosure about the alleged role of a member of the Prime Minister�s family in getting private investigator P. Balasubramaniam to retract his first statutory declaration on the murder Altantuya Shaariibuu also bodes ill for the country. Bala told me that he left the country with his wife and child in the middle of the night because they were told to leave for their own safety. It looks like the use of force, intimidation and money will not end if the BN retains power in the coming elections.
Malaysians have a clear choice: we must remove those who flout the law from their political perch or endure more of such blatant abuse of power. We must not regard this obstruction of justice as a small matter. The PM claims that the BN is holistic whilst the Pakatan Rakyat is chaotic. But the PR has been administering its states well and there has been no chaos.

Even if what the PM says is true, I for one would rather have a PR that is chaotic than live under a BN rule where bodyguards kill without motive, or where witnesses are forced to leave the country to save themselves. No democratic government anywhere in the world could have survived the kind of scandals we have witnessed under Najib�s rule. There is no greater ill than the obstruction of justice, especially when it is perpetrated by those in the higher echelons of power.

The PR is only chaotic about articulating some of their policies, and they will have their disagreements on matters like concerts and hair salons. Maybe they will also fight about issues involving gays and lesbians. But I do not believe that they would go so far as to call on the IGP to do their bidding, including the willful obstruction of justice the way UMNO does. They are, in fact, much more decent than the BN.

You can be impressed by the fiery rhetoric at the UMNO General Assembly but these are actually empty words, bereft of meaning.  Theirs are desperate voices full of fear, because they know that their days are numbered. We all have to make sure they will not rule again.

Just Who Is Burt Bacharach

Burt Bacharach makes my top 3 list of all time best songwriters. I do not want to do a tribute when he passes on, why not do it when he is still a living legend. The other two being Paul Simon and Lennon & McCartney.



He is 84 this year, still performing, you could have caught him at Tokyo Jazz Festival a few months back. I see no more tour dates of late, maybe he is not feeling that well now to perform anymore. Burt F. Bacharach is an American pianist, composer and music producer. He is known for his popular hit songs and compositions from the mid-1950s through the 1980s, with lyrics written by Hal David, as part of the duo Bacharach and David.


Burt Bacharach Picture\

This will be my longest post, and with good reason. I can tell you I am only posting a smidgen of his compositions through the years. A singer is just a singer. Great singers are a dime a dozen, without the good songs, they are just another great singer that people will forget easily. But somehow we don't give enough credit to the songwriters. You think David Foster is good, Burt is 10x better and more prolific. Burt is a champ.


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