Legal Law

Conceptualizing Niche Marketing for Law Firm Interests

The idea of ​​niche marketing for law firm business interests is relatively new to the law industry. Lawyers and doctors have in the past been deterred by misplaced professional ethics from pursuing certain marketing strategies. This is because, traditionally, it is very difficult to create a plan to market something as specialized as the law. However, nowadays, with the new wave of online marketing strategies, lawyers have become more aggressive and niche marketing in the legal profession has become a necessity.

In choosing a target niche when creating marketing for a law firm’s campaign, you need to consider two very crucial factors. A marketing campaign for a law firm is determined by the law firm’s ability to serve the human, technical and skills resource niche and market potential, specifically the untapped market. These two factors then denigrate or boil down to factors such as market size, the level of competition for the niche, the potential market reach of the business, the growth rate of the business, and any new market ventures that may be available.

The size of the market should be determined so that your efforts to start law firm marketing do not become cost-ineffective. Determining the size of the market means establishing the volume of legal proceedings available in the market, such as the volume handled by local courts within a specified period. Again, it is important to determine the level of competition you are facing so that you can determine the area in which you will spend the least acquisition and marketing costs. Sometimes the competition can be so fierce that your marketing will be more expensive than the actual profits you pocket at the end of the day.

It is advisable to choose a niche that does not cost you a lot to start the marketing strategies of the interests of law firms. For example, you can market a specialized law, such as tort law, as opposed to general law. If your company caters to a particular niche more adequately, it is definitely smarter to market that specific specialization. Be very particular in this field so that you can reach your full potential in the market. If you find that your law firm cannot serve the niche you want, you can still initiate marketing strategies if you are confident that your law firm is growing at a rate that will eventually catch up with the demands of the market. Plot your growth rate and see what you can facilitate in a particular time frame and then market proportionately.

It is recommended to consider market niches that have not yet been exploited by competition. There are always new market niches available and they present a better proposition than competing for traditional markets. Instead of competing with a million law firms for the accident clam niche, you can pursue environmental lawsuits that are under-exploited. When looking for niche marketing law firm interests, other factors to consider include the law firm’s track record in creating positive public relations, new trends in the market that may indicate that particular niches are being targeted in the future, available resources ( workforce, finances, offices, legal jurisdiction), and the realistic marketing time frame assigned to achieve the objectives.

Legal Law

How Lawyers Can Carefully Cope With Changes In The Legal Profession

The legal profession faces an avalanche of changes in the way it conducts its business. We believe that we are used to change because that is the nature of the law. We live in the ever-changing world of the courts, business, technology, and law. We are also now experiencing a world where books are being replaced by e-books, where DVDs are being replaced by live broadcasts, hotels rent rooms in people’s homes, Uber taxis, and peer-to-peer bank loans. .

What is changing for lawyers?

The following five trends are affecting the legal profession:

  1. Outsourcing: This trend has already impacted other professions such as accounting and is now impacting the legal profession. Some litigation and legal support tasks, such as coding and document review, are being outsourced, saving you time, money, and the need for some skills.
  2. Artificial intelligence: Legal research has been done online for some time and it already reduces the amount of time research used to take. But the quality of what is available to us in terms of legal research is about to change exponentially with the advent of artificial intelligence. Legal software will only get smarter at predicting failures, conducting research, and recommending courses of action. While it will make our roles much more efficient, it will also bring a whole new set of challenges in how we bill clients and how we make sure the advice we provide is correct and up-to-date. We will still need to know if anything has changed in the last few days that was not incorporated into the predictive software at the time we are giving the advice.
  3. Social mediaIt has now become part of how we market our legal services, how we hire, how we conduct research on the people we are hiring, and how we collect evidence to support our client’s position. It will only be more so in the future.
  4. A multigenerational workforce: For the first time in history, we now have four generations working side by side in the legal workspace. We have traditionalists, baby boomers, Gen X and Gen Y working together. People are now working longer and that means that in some places there is a generation gap of more than 50 years between the youngest and the oldest employees. This requires levels of tolerance, understanding, and communication that we may not be used to.
  5. Alternative billing models: The traditional billable hours model was not popular with our customers and was seen as a rewarding ineffectiveness. As smart software becomes more common, it will bring more changes to the traditional billable hours model. The value of our advice will no longer have much bearing on the time it took us to provide it to you.

Deloitte’s global research has found other problems from a worldwide survey of legal clients. Almost half of all interviewed legal service providers indicated that compliance, mediation and arbitration and litigation were growth areas in their businesses. However, the same researchers also found that loyalty to a law firm was not guaranteed. More than half (55%) of those interviewed said they had recently reviewed their agreement with their legal provider or would do so within 12 months.

Deloitte also found that what people wanted from their law firm was changing. Rather than pure legal advice, clients also wanted their attorneys to have more experience in the industry, commercial or non-legal. They thought it would be helpful if they had digital, data, privacy and cybersecurity skills and if they were more proactive in sharing knowledge. This can eventually result in law firms having partnership agreements with other professions so that clients’ needs can be more fully addressed.

Interesting changes that have already happened

What changes have I seen professionals undertake already? Here are some:

  • A non-profit family law firm where profits are donated to a suitable charity or returned to the organization or staff, rather than being paid to partners as profits.

  • The use of emoticons in correspondence by a law firm because putting a happy face at the end of an email ensures that the other party knows that you are not looking to escalate a dispute.

  • The formation of solid networks with other professionals who can derive work or vice versa. These networks can include anyone from accountants, bankers, financial planners, insurance and stock brokers to healthcare professionals. You can form these networks informally or with regular monthly gatherings where everyone invites their clients to meet and say hi.

  • A firm has a ‘digital festival’ every six months to keep clients updated on relevant technology and any relevant legal issues or risks associated with its use or not.

  • Apps that help people track what stage their file is at (for example, text alert when the search is sent to a government department or when the lease is sent to the tenant), when is their next meeting, government agencies with whom they will have to communicate for different problems, etc.

  • Strategic positioning of law firms in non-traditional physical locations, such as health or innovation centers.

How do we consciously deal with this amount of change?

Lawyers are traditionally conservative. We have a way that we are used to being perceived, a way that we dress and speak, a way that we expect our office furniture to look, and a standard approach to how business is done … practically, as it always has. been. Now we are being asked to change things and make changes in the way we do business if we want to remain relevant.

Change can be a good thing. If you are old enough to remember black and white television, the cassette tapes you had to roll up with a pencil when they broke, floppy disks or fax machines, you will know what I am talking about. Have you ever sold your house? Did you get into a frenzy of cleaning, throwing away, moving furniture to new places, and repairing things that you had endured for years? After everything was done, did you step back and look at this gleaming house and wonder why you ever thought selling and moving was a good idea? Your legal practice could probably benefit from a similar cleanup, repair, and restructuring. Instead of seeing these changes as an interruption, what if you saw them as an opportunity to update?

Our very human reaction to change is to see it as something bad or threatening. After all, that’s what kept us safe when we were evolving. Every change in our environment was a potential threat to our existence. Mindfulness asks you to see the change, just like the change. It is neither good nor bad, it is simply a change.

Mindfulness also asks you to recognize that change is required and to accept what that will mean. Acceptance means not criticizing the need for change, but accepting it and determining step by step what can be done about it.

Starting with small changes will make it easier. Pick something relatively easy, like building your referral network by one person per month, and start there. Every step you take will count. After you’ve taken a couple of smaller steps, you could tackle something bigger, like social media, for your business, if you haven’t already.

The changes that are coming our way are neither good nor bad, they are simply an opportunity for us to do our business better.

Legal Law

Welcome to Rwanda, the kingdom of gorillas!

Rwanda is full of wonders!

Those who enjoy nature tourism will find “Gorilla Kingdom” in Rwanda, a small African nation made famous by Dian Fossey’s book “Gorillas in the Mist” (1983). Interestingly, these mammals live in one of the most beautiful countries in Africa, where there are unique and spectacular landscapes – the vacation experience of a lifetime! In the 1980s, Miss Fossey, a world famous naturalist, once said about Rwanda: “Wherever you look there is beauty.” Without a doubt, the African nation is full of wonders!

The other “Switzerland”

The land the size of New Hampshire has been called the “Switzerland of Africa” ​​because of its incredible lakes and spectacular mountains. In fact, you will never find another country like Rwanda! Without the financial advantages of so many of the world’s top tourist destinations, Rwanda has one of the highest numbers of visitors per square mile in the world. Tourists come from different parts of the world, from Canada and Finland to Australia and the People’s Republic of China. There is no doubt that the future of tourism in the country looks promising.

Unlike several nations in the world, Rwanda is one of the safest countries on the African continent. The best example: in 2008 there were a million visitors, more than several Latin American republics and a world record for a small nation on Earth. Since then, Rwanda is an example in the world.

The heart of Africa

The land the size of Vermont is a landlocked sub-Saharan African nation, bordering Tanzania, Burundi, Uganda and the Democratic Republic of the Congo. Its area of ​​10,200 square miles, is slightly smaller than Belgium, it has a population of approximately 10,000,000 inhabitants. The small nation has a magnificent landscape, including snow-capped mountains, thick tropical forests, plateaus, and volcanoes. Karisimbi, the highest peak in the country, rises 14,787 feet above sea level.

Kigali, the capital of Rwanda, is the most important economic, industrial and cultural center of the African Republic. It is one of the most colorful places in Africa. Kigali’s economy is based on commerce, tourism, and government services. Various traders sell their wares on the streets or in open-air markets. Besides Kigali, the nation has three other cities: Ruhengeri, Butare, and Gisenyi.

Gorilla Kingdom!

Due to the rapid pace of industrialization and human development, wildlife sanctuaries are disappearing. However, an exception is the sub-Saharan African nation of Rwanda, a former Belgian colony until 1962. The characteristics of the African country have been slowly changing since it was originally a monarchy. In fact, Rwanda is a perfect place for tourists and nature lovers. At least ten percent of the natural resources on the country’s land are dedicated to conservation. And each natural wonder has a wide range of ecotourism activities.

When nature made Rwanda it put countless volcanoes, lakes and mountains, but it also put gorillas, one of the most fascinating animals. These apes normally lived for 35 years, and an adult male is about 180 meters tall and weighs about 220 kilograms. Along with lions and elephants, mountain gorillas are one of the most popular mammals on the African continent. On the other hand, these primates have inspired a whole generation of naturalists in the world. Furthermore, these apes have made Rwandans proud of their country. For this reason, the Rwandan government has issued many postage stamps in his honor. In addition to this, the land the size of Massachusetts is home to Kiwita Izina, an annual national ceremony for naming a newborn baby gorilla. Since then, Kiwita Izina has been one of the most important celebrations in Rwanda.

In this corner of the planet you will see and photograph mountain gorillas. There are several tours that allow the tourist to visit the primate areas. Here you can also visit the places where Dian Fossey researched and wrote various articles (the Karisoke Research Center, for example). In the “Gorilla Kingdom”, you can also find examples of love and cooperation. Certainly primates have strong family relationships. Contrary to what some people believe about gorillas, these animals are peaceful and personable.

For these reasons, many naturalists have set their sights on Rwanda, including Fossey and Pascale Sicotte. During his first encounter with the apes, Fossey said: “Sound preceded sight. Smell preceded sound in the form of an overwhelming scent resembling a musky, human corral. The air was suddenly torn apart by a series of screams. treble followed by a rhythmic rondo “. of sharp pok-pok blows to the chest of a large silver-backed male … I was immediately struck by the physical magnificence of the enormous jet-black bodies mixed against the green palette of the thick forest foliage. ” from San Francisco, CA, died in the late 1980s, but the fruits of her efforts continue to flourish in the Gorilla Kingdom in the 21st century.Today, Ms. Fossey is a national hero in Rwanda and Africa.

A sanctuary of unspoiled beauty

The Volcanoes National Park is one of the most beautiful places on the face of the Earth. The jewel of Rwanda, the country’s oldest national park, in the Virunga Mountains of northwestern Rwanda is a haven for mountain gorillas, an endangered species. This wildlife sanctuary offers the opportunity to see mountain gorillas in all their splendor and grace, the scenery is fascinating and the jungle is full of surprises. The Volcanoes Park was the place where Digit, the most famous mountain gorilla in the world, lived.

Rwanda National Museum

In addition to its nature reserves and wildlife refuges, Rwanda has other wonders: museums, palaces and cultural centers. One of them is the National Museum of Rwanda, which contains many treasures from the ancient cultures of the country. Since then, there is also a complete collection of native objects. In addition to its memorabilia exhibits, the National Museum offers extensive information on Rwandan history. Finally, it is considered one of the most important historical landmarks of the nation.

Nyanza Royal Palace

One of the main tourist attractions in Rwanda and a must-see for all visitors is the Nyanza Royal Palace, a gem in both architecture and interior decoration. It is a reproduction of the former royal residence, which was the home of the Rwandan monarchy. Much of the structure has an African and French inspired design. These picturesque features make it a unique building in the nation. Here you will find all the elegance of one of the last monarchies on the African continent. This monarchy was one of the oldest and most isolated kingdoms on the continent. Under this atmosphere, you can feel that you have stepped back many centuries into the allure of a golden age. In fact, a visit to the Nyanza Royal Palace is definitely recommended.

The land of pleasant surprises

Akagera National Park has much to offer the nature lover, wildlife journalist, and tourist. A unique variety of fascinating wild mammals live there, from gazelles and impalas to zebras and giraffes. Visiting it is an unforgettable experience. Its dense vegetation is also home to exotic birds. Today, the national park covers more than 2,500 square kilometers.

Nyungwe Forest National Park

The Nyungwe Forest National Park is one of the most interesting because in an area of ​​1000 square kilometers you can see wild animals in their natural environment, including chimpanzees, monkeys, Angolan colobus and olive baboons. It will be a long journey to remember. For its unique natural beauty (there are 100 species of orchids), this natural sanctuary rivals the most beautiful national parks in the world. Meanwhile, it is also one of the richest national parks in the world in terms of birdlife (300 different types of birds!).

Other attractions in Rwanda

Many foreign visitors flock to Lake Kivu, one of the highest navigable lakes in Africa, to enjoy the mild climate and incredible scenery. Since then, a great thing to buy is a packet of “Maraba coffee.” Like Brazil, Colombia, and Ethiopia, Rwanda is also famous for its excellent coffee. The land the size of New Hampshire has relied on coffee as its main source of income.

Legal Law

Igor Ledochowski

Igor Ledochowski is a world-renowned author and hypnotist, famous both for his skill in hypnotism and for his work in training others. He has written many books on the subject and has introduced many important concepts to the field of neurolinguistic programming, which is often abbreviated as NLP. Your professional accomplishments in this field are central to the way many people understand this job as well as themselves.

Igor Ledochowski was born in 1974 and graduated in European law in 1996. Two years later, he was hired as a lawyer by the Linklaters law firm. Throughout a competitive school career and mentally demanding job, Igor Ledochowski became fascinated with the idea of ​​accelerating learning and the ability to create academic success through alternative methods of thinking and preparation. With his success in law, he became even more interested in the workings of the human mind and what could be unlocked.

Igor’s interests in the power of the human mind lead him to find an introduction to Ericksonian hypnosis. Igor was so fascinated by this that he decided to quit his job at Linklaters and seek the knowledge of some of the most respected and well-known hypnotists in the world. He sought information and influence from hypnotists such as Paul McKenna, Stephen Brooks, Stephen Gilligan, and Richard Bandler.

Less than a decade after starting his work in hypnosis, Igor Ledochowski was known as one of the most talented hypnotherapists in the UK and was called upon to teach master classes at the London College of Clinical Hypnosis and the Hypnotherapy Association. He also found himself employed as a consultant for organizations such as Grant Thornton, Proctor & Gamble, and J. Sainsburys.

2003 saw the release of his impressively comprehensive work, “The Deep Trance Training Manual, Volume 1”. When it comes to learning hypnosis, this volume has become one of the most essential training guides on the market today.

With the interest and passion that Igor Ledochowski had in using the human mind to improve himself and others, he later became the lead NLP and hypnosis trainer for Easy Stop. Easy Stop is a foundation that works to help people overcome destructive behaviors such as smoking and overeating. Igor is also working on a new iMethod concept. iMethod is a method of using the power of the mind to show people how to control how they think and feel and how to change their behaviors towards a more positive outcome.

Legal Law

Presidents of the United States who went to Harvard

There are eight presidents of the United States who have graduated from Harvard. Five of the eight earned their undergraduate degrees from Harvard, while the other three earned graduate degrees in business or law.

The eight presidents of the United States who attended school at Harvard are:

1. John Adams – Second President of the United States (Harvard class of 1755)

2. John Quincy Adams – 6th President of the United States (Harvard class of 1788)

3. Rutherford B. Hayes, 19th President of the United States (Harvard Law class of 1845)

4. Theodore Roosevelt – 26th President of the United States (Harvard class of 1880)

5. Franklin Delano Roosevelt (FDR) – 32nd President of the United States (Harvard class of 1904)

6. John F. Kennedy (JFK) – 35th President of the United States (Harvard class of 1940)

7. George Walker Bush – 43rd President of the United States (Harvard Executive Class of 1973)

8. Barack Obama – 44th President of the United States (Harvard Law class of 1991)

Rutherford B. Hayes (law school), George W. Bush (business school) and Barack Obama (law school) are the three men who received graduate degrees and not bachelor’s degrees from Harvard before becoming president of the United States . from America.

With eight alumni boasting the privilege of holding the highest office in the country, Harvard has the highest mark of any university. In fact, the only group that has put more people into the White House is the not-so-prestigious group of US presidents who did not attend college at all, of which there are nine.

The nine US presidents who never enrolled in college are:

1. George Washington (first president)

2. Andrew Jackson (seventh president)

3. Martin Van Buren (eighth president)

4. Zachary Taylor (12th President)

5. Millard Fillmore (thirteenth president)

6. Abraham Lincoln (16th president)

7. Andrew Johnson (seventeenth president)

8. Grover Cleveland (22nd President)

9. Harry S. Truman (33rd President)

Of the nine names listed immediately above, the most curious to viewers is probably that of Harry Truman, who despite having high schools and a university named after him (Truman State University), Truman has the unique distinction of being the only one. 20th century president who never attended. middle School. President Truman was a two-term Democratic president who served from 1945 to 1953 and will in all likelihood go down in history as the last man to hold the title of leader of the free world without a college degree. The story of why Harry Truman did not attend college is because his poor eyesight prevented him from attending West Point and financial constraints due to his modest education prevented him from obtaining a degree anywhere he would have to pay tuition.

Harry Truman became arguably the most influential American president of the 20th century despite never having received a degree from Harvard or anywhere else and perhaps, rather than sounding like a fluke, it should serve as motivation for all people who, regardless of college admission letters and financial means, any American can. Make difference.

Legal Law

A brief history of the American felony homicide rule


After our American independence, several of the new states initiated legislative reforms to codify the crime of murder. One of the first states to do so was Pennsylvania. In 1794, that state enacted a homicide degree statute that divided murder into capital murder in the first degree and murder in the second degree. The Pennsylvania legislature restricted the penalty for felony murder by imposing capital punishment only for felonies such as those that occurred in arson, rape, robbery, or burglary. The statute further provided that any murder in the state other than that committed in the perpetration of one of the common law felonies specified in its grade statute must be murder in the second degree.

Later, the felony of kidnapping was added to the list of specified felonies for the purpose of committing a crime of murder. Only first degree murder served as the basis for the hanging. The Pennsylvania statute did not actually formulate a felony murder rule or define the elements of murder. Instead, the statute identified participation in certain felonies as a qualifying element that aggravated responsibility for homicide. The statute prescribed that:

Any homicide that is committed with poison, stalking, or any other type of voluntary, deliberate and premeditated homicide, or that is committed in the commission or attempted commission of any arson, rape, robbery, or robbery, will be considered homicide in the first place. degree; and every other kind of murder will be murder in the second degree.

The implication of the statute is that murder in the course of one of the listed crimes did not require willful, deliberate, and premeditated murder. The language of the statute does not suggest that the mere cause of death in the course of any crime was always murder. This idea is much more in line with what Lord Hale proposed in his writings in the late 17th century and is similar to Judge Stephen’s jury instruction in the Serne case: that it would be murder only if the criminal act was known to have been committed. . dangerous to life and likely to cause death. The word “tried” in the statute implies the notion that a judge or jury could weigh the facts of the case and decide whether a defendant’s conduct warranted a murder charge for which the defendant could be hanged.

The Pennsylvania statute was enormously influential and shaped the homicide reform statutes in two-thirds of the existing states during the 19th century. Twelve states adopted the Pennsylvania classification scheme with little or no modification, the states that adopted the Pennsylvania statute as drafted were: Virginia in 1796, Kentucky from 1798 to 1801, Maryland in 1810, Louisiana since its admission in 1812 to 1855, Tennessee in 1829, Michigan in 1838, Arkansas in 1838, New Hampshire in 1842, Connecticut in 1846, Delaware in 1852, Massachusetts in 1858 and West Virginia, entering the Union with such statute in 1863.

Nineteen other states adopted a somewhat modified classification scheme. The states that adopted Pennsylvania statute with a somewhat modified qualification scheme were: Ohio in 1815, Maine in 1840, Alabama in 1841, Missouri in 1845, Iowa in 1851, Indiana in 1852, California in 1856, Texas in 1858, New York in 1860, Kansas (entering the Union with such law in 1861), Oregon in 1864, Nevada (entering the Union with such law in 1864), Nebraska in 1873, Montana (entering the Union with such law in 1889) , Washington (entering the Union with such law in 1889), Idaho (entering the Union with such law in 1890), Wyoming (entering the Union with such law in 1890), North Carolina in 1893 and Utah (entering the Union with such a law in 1890) such a law in 1896).


The first true felony manslaughter rule statute was passed in Illinois in 1827. The Illinois statute defined murder as unlawful manslaughter with express malice, or acting with knowledge that the acts will or are likely to result in death or serious bodily injury, and serious homicide. The statute added that an “involuntary manslaughter … in the commission of an unlawful act that, in its consequences, naturally tends to destroy the life of a human being, or is committed in the prosecution of criminal intent … will be considered and tried as murder. ” Again, we see the influence of Lord Hale and not Lord Coke. The Illinois statute is a true felony murder statute. However, it is not a strict liability statute in the sense that it limits liability for an involuntary murder in the course of a felony that “tends to destroy the life of a human being.” It is not applicable to all serious crimes. Hale thought it would be murder only if the criminal act was known to be life-threatening and likely to cause death.

In 1829, a law enacted in New Jersey included within the homicide “committing or attempting to commit sodomy, rape, arson, robbery or trespassing, or any illegal act against the peace of this state, of which the probable consequence may be bloodshed … “During that same year, New York passed the most stringent of the new statutes for the felony murder rule. Its statute defined murder as murder “without any purpose to cause death, by a person involved in the commission of a serious crime.” By the end of the 19th century, nineteen states had adopted vastly different types of felony homicide statutes. These states were: Illinois in 1827), New Jersey in 1829, Georgia in 1833, Mississippi in 1839, Alabama in 1841, Missouri in 1845, Wisconsin in 1849, California in 1850, Texas in 1857, Minnesota (entering the Union with such law in 1858), Nevada (entering the Union with such law in 1864), Oregon in 1864, Nebraska in 1866, although repealing the law in 1873, Florida in 1868, Colorado (entering the Union with such law in 1876), Idaho and Montana (both entered the Union with such laws in 1889), and Utah (entered the Union with such laws in 1896).

The 20th century began when most states had various ways of defining the crime of homicide: attributing responsibility for homicide to implicit malice as well as a felony; preach responsibility for murder in dangerous felonies, sometimes referred to as enumerated felonies, or attribute responsibility for murder to any felony. Throughout the 20th century and into the 21st century, we continue to see American states define felony murder in the same way. The rise in felony murders in the United States had more to do with Pennsylvania’s 1794 murder classification statute than it did with Lord Coke’s notion in the 17th century that a death caused by an illegal act is murder. .

The felony murder rule in the United States has been broader than that used in England due to the combination of two concepts. One, the concept of felony homicide itself and the ways in which it can be defined by law and two, the concept of vicarious liability used to hold all co-conspirators responsible for the substantive crimes committed by any of the conspirators in the course of the execution of the crime. Illegal deal that may have led to the US felony rule.

Such a situation can occur when Bonnie and Clyde decide to rob the local liquor store and recruit Clyde’s brother, Buck, to take them to the liquor store, stay outside to act as a lookout and be their escape driver. Buck agrees. If during the robbery the store clerk searches for his 38 revolver under the counter and Bonnie fires her submachine gun, but it misses and her bullets kill an innocent store customer, then Bonnie, Clyde and Buck would be held. responsible and each could be convicted of conspiracy to rob, armed robbery and felony murder. The felony murder rule was never applied in this way in England.

Legal Law

What Makes an Excellent Entrepreneur?

A while ago, I was flipping through my old notebook, the one I used when I was in the first year of my college life. I found my notes titled “finance seminar.” Oh I remember While my classmates were busy chatting with each other at our table at the time, I was busy taking notes on the seminar. I couldn’t blame them for not listening to the guest speaker because it bored me too. The speaker was reading his notes and adding some sentences to explain what is written in your notes.

Despite the boredom he gave us, I still wrote down the facts that I had learned from his speech. I thought our professor would give us a long test on the seminar, but he didn’t. Good for us. The topic of our seminar interested me anyway. What was the theme? It’s about being an entrepreneur. He knew he could use these facts in the near future.

According to the speaker, the entrepreneur is also known as an innovator. Joseph Shumpeter is the one who introduced the Innovative theory.

Characteristics of an entrepreneur

We cannot describe an entrepreneur in one word, so let me share what really makes a good entrepreneur.

An entrepreneur is a person who takes risks, innovates or does new things, seeks changes, accelerates the development of the economy, sees and evaluates business opportunities.

Risk taker

If you are a person who does not know how to take risks, change your attitude. If you can’t, don’t try to be an entrepreneur. You can’t be successful if you don’t take risks. How would you know if a particular strategy or technique is good for your business if you don’t try to use it? Yes, it can fail. Failure is often lurking, but this shouldn’t stop you from taking risks. As the axiom goes, “No guts, no glory.”


People say that necessity is the mother of invention, but do you know what its core is? Couldn’t you guess the answer? It is creativity. There an entrepreneur enters.

The entrepreneur must always do something new, fresh, not yet known to most people and, of course, useful. What is the use of making a product if there is already one like the one you are about to make? Is it for the assurance that you will have customers for the reason that you can see that the product is sold? Pretty good reason, but not really cool. It is still better to make an original product. I know you can’t satisfy man for his entire life (because man usually focuses on the things he doesn’t have) but for a while, it can also make him feel the satisfaction that your new product brings.

Change search engine

A true entrepreneur has time to seek changes and do something to develop a certain thing. You shouldn’t be stuck in the usual stuff. There is always room for development in everything you do.

Accelerates the development of the economy

If you take risks, change your search engine, and produce new quality products, there is a good chance that you can help your country’s economy. Actually, that’s a great characteristic of an entrepreneur. That is why most of the country’s leaders are grateful to have great entrepreneurs in their country.

Its good quality product can be exported. Therefore, it brings more profit to your business and your beloved country.

Ability to view and evaluate business opportunities

There are many business opportunities out there. It is good for every entrepreneur. What you need to know is how to find the best business opportunity for you. Find one that suits your creativity or style.

Then once you’ve seen a business opportunity, try evaluating it. In this process, you need to be smart enough to know which opportunity is good for an entrepreneur like you and which is too good to be true.

Do you have these characteristics? If you do, you can now start a business and learn the other things that will make your business successful. Be an entrepreneur. Be your own boss.

Legal Law

Main Engines and Stabilizers: What They Are and Why They Matter

People often write or talk about the physiological differences between muscle fibers (fast versus slow twitch, oxidative capacity, etc.), but this information is generally not very helpful to the typical health and fitness enthusiast. It is certainly important to understand how muscles work, but most people don’t need to know all of physiology in depth. Instead, I think that understanding the basic functional differences between muscles provides more practical information than you would get from learning a lot about muscle physiology.

By looking at the functional differences between muscles, you can certainly go deep and examine how the various muscles work at each joint, but in the end, muscles are generally divided into two different functional categories: major motors and stabilizers. Prime movers are the muscles that actively create movement, while stabilizers provide balance and support for your body.

The prime movers are usually the largest muscles in your body and include muscle groups such as the quadriceps and hamstrings (upper thigh), pectorals (chest), lats (back), biceps and triceps (arms), etc. They connect to your bones (by tendons) and create movement around a joint. For example, your biceps connects your upper arm to your lower arm (forearm), crossing the elbow joint, and when your biceps contracts, you bring your forearm closer to your upper arm. Since the contraction of the biceps creates this movement, it is considered a prime mover.

Stabilizers, as the name implies, have more to do with stabilizing the body than creating movement. Stabilizers are smaller muscles and in many cases they are not even visible because they are too small or too deep below the surface muscles. These muscles help keep bones, joints, and muscles properly aligned both during movement and while standing.

Stabilizing muscles are also essential for maintaining good posture throughout your life. For example, the stabilizing muscles in your middle and upper back work to keep your shoulders back and in line with the rest of your body. If those muscles become too weak or the chest and front shoulder muscles proportionally become too strong or tense, your shoulders will begin to bend forward. If the stabilizing muscles are not strengthened to the point where they can reverse this change, then the rounding of the shoulders will progress and your posture will worsen over time, leading to additional problems.

Major motors and stabilizers play a valuable role in your body and any complete training program will include exercises or workouts to improve both types of muscles. It’s also important to note that since the major movers and stabilizers have different muscle functions and demands, they need to be trained differently. Unfortunately, many people try to train the stabilizers as if they were the prime movers and possibly an increasing number of people do not realize that the stabilizers need to be trained at all.

This is really not surprising, because most people in the fitness industry and the media still focus on using exercise to improve the appearance of their body and rarely spend time explaining how training can improve fitness. how your body works. It is a common assumption that training will always improve the way your body functions, but this is only partially true. A well-balanced program will improve the functioning of your body, but many programs are unbalanced or ignore important aspects that actually lead to physical dysfunction.

Improving stabilizer muscles is an example of something that is often left out of the average training program. Since stabilizers are so small, training them usually doesn’t cause any dramatic changes to your body’s appearance, so they don’t get a lot of attention and are often completely ignored. It is very tempting to train only the main engines, because they are responsible for the greatest calorie burn and physical change. While most of your training time can be spent on the prime movers, at least some stabilization training should also be included.

When resistance training (weight lifting, use of exercise bands, etc.), the main engines are generally trained by performing sets of exercises where each set typically contains between 3 and 15 repetitions, depending on your training goals. In general, lower reps and higher weight result in more strength gains, while higher reps and lower weight result in greater local muscular endurance. However, in both cases, the muscles are trained for a certain number of repetitions, usually until they become fatigued, and then there is a period of rest so that they can recover for the next set.

This type of training is effective, because the prime movers generally only work for shorter periods (with the exception of long endurance events), but the stabilizers often have to contract for hours every day. The difference is that the stabilizer muscles are designed to produce small, sustained contractions for long-term stabilization as opposed to short, strong contractions of the main motors. As a result, it is not necessary to train the stabilizer muscles to produce a greater amount of force over a short period of time.

The good news is that you can actually train your stabilizer and primary motor muscles at the same time, depending on the exercises you use. For example, the use of machines to work the leg muscles (leg press, leg extension, etc.) provides little benefit to leg stabilizers, but exercises performed while standing in a split position (one leg up forward and one leg back), on one leg, or on balance devices (Bosu, inflated discs, etc.) will challenge the stabilizer muscles along with the main motors.

One thing to keep in mind is that when you do exercises that challenge your stabilizers, your main engines won’t be challenged as much, because you won’t be able to use as much weight or perform as many reps as when you’re not using your stabilizers. This is because the energy that would be used to contract the main engines is spent on stabilizing and controlling movement. Also, your stabilizers may give way before your main engines, if the stabilization demand of the exercise is high enough.

However, for most people, the benefits of including stabilization training far outweigh the negatives of having slightly less major motor improvement. Unfortunately, there are not many incentives for people to include stabilization exercises, because they often do not realize the importance of stabilizer muscles, at least not until they begin to experience problems associated with malfunctioning stabilizers. In addition, these problems generally do not begin to occur until the middle or late stages of life and are often considered normal parts of aging, rather than preventable or reversible muscle and joint problems.

For example, let’s go back to my previous example of a person who has rounded shoulders. It is common for older people to have rounded forward shoulders along with excessive curvature in the upper back and spine. In most cases, this is not a normal part of aging and is actually caused by a combination of poor stabilizing muscle function, lack of flexibility, general lack of use of muscles, and the postural changes that result from these problems. .

When people strive to stay active, maintain flexibility, and practice good posture throughout their lives, rounding of the shoulders and other postural changes can generally be avoided. Fortunately, if you haven’t done everything you should have done when you were younger, there is still hope. A comprehensive training program, including stabilization training that targets problem areas, can go a long way toward reversing and preventing many of the muscle, bone, and joint problems typically associated with aging.

Legal Law

Innovative Capitalization: Reflecting on the Political Implications of the Public-Private Partnership Model

Innovative Capitalization: Reflecting on the Political Implications of the Public-Private Partnership Model

One of the most innovative financing strategies is the Public-Private Partnership (P3) model. The Public-Private Partnership is fast becoming the future of most infrastructure projects. The Public-Private Partnership is a contractual arrangement between a public agency (federal, state, or local) and a private sector entity. Through the derivatives contract, the skills and assets of each sector (public and private) are shared in the delivery of goods, services or facilities for the use of the general public in an efficient and effective manner. In addition to sharing resources, each party shares the potential risks and rewards in delivering the good, service, or facility. Given the government’s current fiscal and budget crises, viable financing options are being evaluated to build and renovate infrastructure using small amounts of money from governments or non-governmental organizations. Often times, the Public-Private Partnership can be the solution to financing problems, job completion, and investment in large projects without sacrificing limited government financial resources. There is significant and growing empirical evidence that PPP projects cost substantially less than their estimated initial cost, making them a very attractive and preferred financing option for many organizations.

The assistance of competent financial advisers may be required. Often times, the executive portfolio of financial advisors includes the design and implementation of a sound financial accounting system with strong internal controls. Additionally, they can help formulate company-wide financial objectives, policies, procedures, and processes to ensure that all stakeholders have a sound and transparent financial accounting framework.

Additionally, financial advisors can design and execute fraud detection and mitigation strategies. Their assignments may address key aspects of fraud screening, including fraud detection, deterrence and prevention, internal controls, audit and investigation techniques, relevant laws and tests, and fraud schemes involving business-to-business, corporate and personal financing. , financial institutions, health care. , insurance, intellectual property and securities.

Finally, financial advisors employ managerial economic techniques to mitigate moral risks and adverse selection for insurance and reinsurance portfolios and corporate clients. Building on the strategic links to relevant aspects of interdisciplinary competencies in management (cost) accounting, managerial economics, managerial finance, business methods, information technology, criminal justice, and law enforcement, formulate appropriate corporate financial management strategies that mitigate financial losses, protect and preserve financial assets.

However, what keeps financial advisers awake at night and occupied most of their professional time are not the objectives of internal control, which ensure the achievement of an organization’s objectives in terms of efficiency and operational effectiveness, reporting reliable financial and compliance with relevant laws, regulations and policies or elements of internal control-control environment, risk assessment, control activities, information and communication, and monitoring, but identifying appropriate sources of funds for the company and corporate clients , particularly governments and non-governmental organizations.

There are several types of Public-Private Partnerships, depending on the needs, the available options and the size of the project being considered. Based on the available metadata and meta-analysis, the most suitable public projects to be executed through public-private partnerships are power generation projects and infrastructure projects. The most used formats are: Traditional-Under this financing strategy, the public component of the association acts as the contracting officer; seeks financing and has overall control over the project and its assets; Operation and maintenance-Under this financing strategy, the private component of the association operates and maintains the project facility, while the public agency acts as the owner of the project; Design and buildUnder this financing strategy, the private partner designs and builds the facility; while the public partner provides the funds for the project and has control over the ownership and assets generated by the project; Design-Build-Operate-Under this financing strategy, the private partner designs, builds and operates the facility or project. The public partner acts as the owner of the facility and obtains the fund for the construction and operation; Design-Build-Finance-Operate-Under this financing strategy, the private sector provides financing, design, construction, ownership and operation of the project, while the public partner only provides financing while the project is in use or active; Design-Build-Operate-Transfer-Under this financing strategy, the private partner designs, builds and operates, for a limited time, the project, and after that specific period of time, the facility is transferred to the public partner.

Others include, Build-Transfer-Operate-Under this financing strategy, the private partner builds and transfers the project to the corresponding public partner. Subsequently, the public partner opts to lease the operation of the facility to the private sector, under a long-term lease; Build-Own-Operate-Transfer-Under this financing strategy, the public partner builds, owns and operates the project for a limited time, until a certain time when the facility is transferred, free of charge, including ownership to the private agency; Rental-Under this financing strategy, the public owner leases the facility to a private company. The private company must operate and will provide maintenance to the facility according to the specified terms, including additions or the remodeling process; Concession-Under this financing strategy, the public agency will partner with a private company, granting all the exclusive rights to operate and maintain for a specific period of time, under specific terms of the contract. The public partner will have power over the property, but the private partner will have proprietary rights over any additions incurred while operating under his domain; Dispossession-Under this financing strategy, the public partner will make a total or partial transfer of the facility to the private sector. The government could include specific clauses in the sales agreement that require investments and modernizations in the facility, and the continuation of the services that are provided.

As with all business decisions, there are costs and benefits associated with all capitalization strategies. Financial advisers help their clients isolate and weigh the costs and benefits of each financing strategy. And recommend the financing option that provides the maximum net benefit according to the stipulated evaluation criteria. In the next article we will examine some keys to the success of public-private partnerships considered the best practices in the industry.

Legal Law

Four ways a contract can be settled

There are four ways to terminate a contract. They are for performance, agreement, repudiation and frustration. When a contract is considered to be resolved by performance, what it means is that the parties to the contract have fulfilled their legal obligation and there is no further need to continue the contract. For example, Ben offered his expensive watch to Sam for $ 5000. Sam accepted the offer and Ben gave the watch to Sam and in return Sam paid him the agreed amount of money. In this case, the contract has been concluded since both parties have fulfilled their contractual obligation. Unfortunately, life is not that simple as there are circumstances in which the parties to the contract may find it difficult to fulfill their contractual obligations. In such a situation, there may be only partial performance and the question is whether this is acceptable.

Let’s say Simon is a math tutor and agrees with Mary to teach him math tuition for 10 lessons at $ 100 per lesson. Simon completes 6 lessons and cannot continue teaching Mary because he has some personal problems that he needs to solve. The question is whether Mary has to pay for the 6 lessons Simon has already taught. At one point, the court considered that if one of the parties to a contract has not fully fulfilled its obligation, there is no need to compensate it. However, over a period of time the court has reconsidered this and now there is a possibility that Simon could claim all 6 lessons on what is called a “quantum merit” basis. This is a Latin phrase that means ‘payment for work done’. But Simon’s ability to claim partial payment is based on whether Mary has benefited in any way from the contract. In this case, Mary may have benefited from the contract and may have to pay. However, if Simon only taught one lesson and stopped teaching her, perhaps Mary could refuse to pay as she can claim that she has not benefited from the contract. This is relatively subjective and is something the court might have to decide based on the merits of the case, if that case ever goes to court.

However, there are circumstances where it is not necessary to compensate for part performance. What if you ordered a chicken cutlet at a restaurant and it turned out to be undercooked? Can you pay half the price for this? Obviously not!

Another way that a contract is fulfilled is through an agreement. This is when both parties agree before entering into the contract that when a certain event occurs, the contract will be terminated or that if either party wishes to terminate the contract, they must give the other party a period of notice. Dismissal by agreement is a common feature in the employment contract where the parties can agree in advance that if the employee wants to resign, he must give a period of notice and vice versa also for the employer. Another example is the prenuptial agreement that couples enter into before marriage.

The third way a contract is fulfilled is through repudiation. This is where one of the parties deliberately breaches the agreement. For example, Michael agreed to sell his piano to Susie for $ 3,000. Susie agrees to buy the piano and tells Michael that she will pay him the money the next day. Then Brad shows up and agrees to buy the piano from Michael for $ 5000. Michael sells the piano to Brad. By doing this, you are breaching your agreement with Susie, as the contract has already been decided between Michael and Susie. Susie has the right to sue Michael for breach of contract. There is a possibility that the court will order Michael to buy the piano from Brad and sell it to Susie at the agreed price or give Susie some form of compensation.

The last method of a contract that is downloaded out of frustration. This means that one or both parties cannot fulfill their contractual obligation due to some unforeseen event that prevents them from continuing with the contractual relationship. You bought a ticket to see a concert by a famous pop group. Before the concert, the lead singer of the pop group members died of a drug overdose. Therefore, the concert is canceled as it would be impossible to continue the concert. Therefore, the contract is considered frustrated. So you can get a refund for the ticket you bought. It is also possible for a contract to be terminated when the contract becomes illegal to perform. For example, if a product is for sale and the government subsequently passes legislation that bans the product, further sales of the product are considered illegal.

Once the contract is fulfilled, the contract is terminated.