Gautam on Organizations 2.0 Prison Planet.com RealClearTechnology - Opinion, News, Analysis and Videos The Latin Americanist Khan Academy The Emirates Economist How banks create money: The balance sheets This section covers all the nitty-gritty details of money creation by banks. We don’t assume any prior knowledge, but some bits might still be hard going if it’s your first time looking at this, so you may prefer our Banking 101 video course to start with. The key to understanding what money is and how it is created is to forget everything you think you know about money and start again. The problem is that we have preconceived ideas of banks and money that come from our own viewpoint as customers of banks. As children we thought that money was just cash and were taught that a bank (or a piggy bank) is a place to put money to keep it safe. From inside a bank, it all looks quite different! The vast majority of money is not cash, andBanks are not places where you put your money to keep it safe. Learn More In Summary: The key points from this section are: In summary, what we use as ‘money’ – the numbers in our bank accounts – are simply accounting entries made by banks. For more details see:
The Australian Small Business Blog An Interview with Dr Greg Chapman on taking time off for small business owners. The interviewer was Donna Page of Nett Magazine. Q. The experts say taking a break is essential for mental well being and family life- how difficult can this be for small business owners? Most small businesses depend on their owner's being there- when they are not nothing happens. The staff look to the owner to solve all the problems and the owner brings in the business. Q. Most business owners are micro managers- if they give someone else the work, they mess it up, and the owner spends twice as long fixing things. This is the owners fault as they don't have systems in their businesses so their staff can run things when the owner is absent. Q. If the owners don't take breaks, they end up burning themselves out. Q. If owners put in place systems in their business, they can give much of the work they presently do to others. Q. Q. Q. 1. 2. 3. 4. 5. Q. Don't be afraid to ask for help.
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