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  • MLM Basics – The Multi Level Marketing Business Model

    MLM Basics – The Multi Level Marketing Business Model

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    MLM, also known as Multi Level Marketing, can be a wonderful method for achieving your personal and financial dreams when combined with the power of the Internet.

    My goal in this article is to briefly explain what this business model is and what it is not since it is used by hundreds of companies to move their goods and services from production to the end consumer.

    With the information I will provide here, you will be able to make an informed, educated decision as to whether or not this business model is right for you.

    Multi Level Marketing is nothing more that a business model that uses independent distributors with a multi level commission payout plan to move products from production to the consumer.

    Some people believe that Multi Level Marketing companies are nothing more than scams or illegal pyramid schemes. However, for true MLM companies, nothing could be further from the truth. These people simply do not understand how Multi Level Marketing companies work.

    First you need to know that Multi Level Marketing companies are 100% legal and many large multi-million dollar companies employ this business model to move their products from production to the consumer. The pyramid shape associated with MLM companies is the same shape as almost all non MLM companies. There are always more workers in the lower ranks than there are senior managers, Vice Presidents, and CEOs. If companies were not of this shape, they would collapse.

    Many Multi Level Marketing companies have been around for decades. Some of the better known MLM companies are Shaklee, Tupperware, Mary Kay Cosmetics, Amway, A.L. Williams (Insurance), Princess House (a subsidiary of Colgate Palmolive), Melaleuca, MCI, U.S. Sprint, and NSA.

    MLM is an explosive growth field and there are hundreds more MLM companies that, just like other companies, include some that are good and some that are not so good. Today, more and more Fortune 500 companies are even embracing Network Marketing for a portion of their marketing portfolio!

    No matter what some MLM recruiters would like you to believe, Multi Level Marketing is not a get rich quick scheme and work is certainly involved if you want to build a long-term stable business. So, why are MLM companies and programs so popular? It is because the Multi Level Marketing business model presents an excellent opportunity for the “little guy” to start, on a part-time basis, a business that has a large residual income potential.

    The magic of MLM is that independent distributors earn commissions not only for their own efforts, but also on the efforts of other distributors that they recruit into the business. Earning 1% of a hundred peoples efforts is always better than earning 100% on your own efforts, as John Paul Getty noted.

    The term “multi level” comes from the process where by one distributor recruits other people to become distributors and the new distributors are placed under them in what is known as a downline. Each distributor is paid a retail commission on the products they sell themselves, and a wholesale commission on the products their downline sells (down to some designated level).

    The larger downline a distributor can recruit, the larger will be his or her commissions as they will earn a wholesale override commission on all the products moved by their downline organization down to the designated level. These commissions can add up quickly for distributors with large downlines.

    Thus if a distributor can teach his or her downline members to be successful, then then they will be rewarded by increased earnings themselves. To paraphrase what Zig Zigler once said, you can get anything you want if you help enough others get what they want. By helping others succeed, a distributor helps themselves.

    In addition to selling products directly, recruiting, training, and retaining others becomes the key to earning a large stable residual income with Multi Level Marketing. It is not easy, but it is very rewarding.

    Millions of people are discovering the advantages of being their own boss and working from home with the MLM business model. A basic computer, telephone, fax machine, a HUGE ambition, and the knowledge of how to proceed to grow your business are all it really takes!

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    Source by George Dodge

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  • Drug Use – Advantages and Disadvantages

    Drug Use – Advantages and Disadvantages

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    Rampant, often unchecked use of drugs is a malaise that has been plaguing our society, and especially our younger generation for quite some time. It has grown quickly from a psychological bad malaise, a bad habit to a dangerous social evil, and in many countries, invite strict punitive action. Countries across the world try to combat this evil using combination’s of public awareness regarding the evils of drug use, severe clampdowns on drug usage/trafficking and penal impositions. However, this is still not enough as drug trafficking has proliferated across social strata, and is not limited to isolated groups of the society. So why exactly is drug usage considered to be one of the most debilitating and potentially dangerous of social evils?

    One of the most primary reasons why consumption and business dealings on drugs are declared illegal internationally is because of the tremendous damage they cause to the human body. Drugs usually are of two kinds, and act as general nervous stimulants that can almost supercharge the brain and the nervous system for brief amounts of time. For that amount of time, the user has no sense of personal identity and this phase is usually described as a phase of euphoric detachment, while the user loses common consciousness. However, this effect is fleeting and does not last long. Drug-induced euphoria lasts for a very short time, usually culminating in sever hangovers and strains on the human body, which might manifest in physical and psychological reactions.

    Drugs are generally hallucinogenic compounds that are primarily of two types, Organic and inorganic. Organic drugs are usually extracted from plants, and processed and consumed usually by burning them like tobacco. Inorganic compounds are much more difficult to obtain, as they are manufactured in pharmaceutical laboratories and are generally available in the form of tablets, pills and fluid solutions. Scientific studies have actually revealed that inorganic drugs/narcotic agents are more life-threatening and potentially debilitating in nature than their organic counterparts, even though prolonged drug use of either could result in serious consequences.

    It might be said that drug use is actually dependent on more than one conditions and criterion. There are, in reality, numerous reasons that increase the usage of drugs within a particular demographic cross-section. These reasons could range from social, psychological, economical or just out of biological dependency. One reason why sustained usage of drug is deemed so dangerous to life and health is that it creates a sense of dependency within the user, who feels habituated by the use of drugs. Irrespective of the original stimulus, the consumption of drug becomes the primary objective in these cases, and the user often goes to extreme lengths to maintain the habit of drug use.

    Presently, there are widespread efforts to contain if not eradicate drug use within a particular section of the society through governmental as well as non-governmental/individual efforts. General awareness, support groups, supportive rehabilitation centers and clinics that help drug abusers have now become popular, and much sought after to help individuals kick this habit.

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    Source by Efti Babu

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  • Emotional Labour – Organisational Behaviour

    Emotional Labour – Organisational Behaviour

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    Abstract:

    Putting on a good show, keeping face, professionalism in customer treatment can all be examples of emotional labour. When in the workplace dealing with others whether they be colleagues or customers we tend to give a positive emotional response despite the negativity of the other person (customer complaint) or our own current mood state (sadness, irritability) known as emotional dissonance. In this paper we will explore the phenomenon of emotional labour and its effect on workers productivity and social relations. The general outcome being that the strain of that dissonance creates mental health problems in the workplace.

    Introduction:

    Emotional labour can be seen as the affect of the current mood of a worker whilst engaging in interactions with others – putting on a good face for example despite feeling emotionally uncomfortable. (1. Robins/Judge 2013) These emotions can be driven by organisational expectations of an employees behaviour towards customers, clients and co-workers in support of the business goals to profit. For example in the service industry, customer complaints should be handled with a polite professional smiling attitude so that the customer perceives that their complaints are receiving serious attention. Despite the fact the service provider (customer relations officer) maybe be in a personal bad mood, have life problems or employment concerns – all this is swept aside to provide the company’s public positive image to the customer. For the employee engaged in such activities the strain of appearing positive and enthusiastic may cause both physical and emotional strain often leading to further deterioration in mood after work and in between assignments. You could argue that a good deal of the time we are in fact faking our emotions (feelings) in front of and towards others to support social conventions for example being polite. If a customer’s complaint is unreasonable, they are showing anger, accusing the company or misleading them and selling shoddy products – the company service support worker must maintain control over their own emotions despite feeling that the customer is wrong and the complaint is unwarranted or even ridiculous they still have to maintain the company driven reaction to the customer with calm professionalism. (2. Myler – Case Studies 2018) Some companies make being happy at work almost mandatory – where staff entertain, create an atmosphere or encourage excitement over the product and its associated feelings of happiness. For example, theme park staff forced to smile all day – try it yourself – it is very stressful to keep a happy demeanor in the face of disgruntled visitors waiting hours in a queue for a five minute ride or the phone shop worker being asked to entertain the queue of waiting customers with hi-fives and silly games. (3. Grandey et.al. 2010) Many customers in fact reporting discomfort at being targeted for unwanted attention and interaction). Therefore there is a difference between felt emotions (what I am actually thinking and feeling) than with displayed emotions (what is expected of me). After an interaction the employee can feel both exhausted by the forced situation and emotionally angry at faking their feelings for the benefit of others. Many people who suffer from depression report that faking happiness is the biggest strain of the day.

    Culture and Emotional Labour

    Culture may impact on how someone sees emotional labour as the expectations of others in the light of social comparison. (4. Matsumoto etal. 2009) For example many American service jobs, such as retail staff, service providers and customer interaction workers all feel that a positive upbeat smiling enthusiastic person is a definite requirement for the companies image management. The monocor – have a nice day – often rings false in the ears of those who understand this is not a genuine sentiment but a practiced social grace. In other cultures such as Japan or Asia in general – forced politeness or deference to not displaying emotions may in fact cause particular strain on everyday life where displaced emotion can be seen in acts of violence and sexual deviance. The French tend to not display openness in dealing with customers but in fact a non-smiling or even impolite attitudes towards their clients. This can cause companies dealing in global markets problems with staff in having to adapt and understand policy in line with the cultural underlying expectations of behaviour.

    Mental Health

    Many psychologists, counsellors and others such as nurses encounter patients (clients) who maybe presenting mental health problems such as anxiety (worry about future events) or depression (living with the past) that report difficulties in the work place in faking their emotions towards both colleagues and customers – that they feel the strain of the day at home later through irritability, sexual indifference a lack of appetite and sleep. Keeping up appearances at work therefore effects the very quality of our lives both in and out of the work place. (5. Myler Case Studies 2018) Dealing with difficult people whether customers or colleagues leaves us feeling exhausted physically and mentally. In therapy the psychologist maybe searching for psycho-dynamic reasons for the negative feelings from past patterns of behaviour and often miss the power of the here and now effect of faking your feelings at work simply due to enforced company policies that require us to present an image of well- being and happiness that actually is not there. Treatment therefore should focus on workplace stress rather than personal history.

    Role Play & Emotional Labour:

    Of course we are schooled from an early age in how to act given certain social situations, for example being happy at a birthday party ( don’t spoil it for everyone) to look sad at the funeral (even when we did not even like the deceased). We have learned behavior for situational displays of affect. Have you ever been told off – criticised – looked at the person with a smile on your face – and they say, “what are you smiling at?” they think you are not taking them seriously enough, acknowledging their concerns – the truth maybe that we think their remarks are unwarranted and silly – however our learned correct response is to – look serious and be intently listening – while all the time inside feeling what an idiot this person is! In other words we are often asked to fake it – for the sake of the other persons feelings – this is often seen as high empathy when in fact it is more often just a learned reaction to a situational event. Emotional intelligence is seen a as a panacea for management effectiveness but maybe little more than learned responses to situations, rather than a genuine cognitive response to some event. In other words emotional intelligence maybe more pop psychology than a fact. Measurement for emotional understanding may reflect no more about the learned response to given situations we have come to understand through cultural, generational and traditional customs of our community or group behaviour. Psychometric tests for emotional intelligence may in fact be invalid and not robust enough to provide any useful measure of a persons feelings towards others but in fact reflect that learned behaviour – what should be the response not what I actually feel inside.

    Attributions Theory – Misunderstanding Others:

    Attribution theory ( 6. Heider – 1958) suggests that we attend to what we see more than what we know. In other words – we do in fact judge a book by its cover. So if we are busy faking our emotions so must everyone else? So how do we know that the mood being displayed to us is genuine or faked. We pride ourselves on being able to know others feeling by their facial expressions, there seemingly genuineness and authentic sounding responses. In fact much of the time we maybe reacting to the faked emotion rather than the real one. We are often surprised to hear someone committed suicide – we may say – they always seemed so positive and happy looking – but that is exactly what a mis-attribution is – the lack of skills to identify a real emotion from a faked one – we are actually quite good at emotional labour at work and so do we really know what anyone is actually feeling, as opposed to what they are displaying to us. So the helpful shop assistant may in fact be bored rigid at having to seem enthusiastic about a product she has already spoken about ten times that day already.

    In Summery:

    Emotional labour is a situation where the employee expresses the companies desired response to a given situation. Emotional dissonance are our feeling of confusion between our internal feelings and the face we put upon the situation given company policy towards others. Felt emotions therefore being what we actually feel as opposed to displayed emotion being the faked response to another person. Finally emotional intelligence being no more than learned responses to events as we behave given the situation we find ourselves in. The consequences of faked emotions can be strain leading to emotional exhaustion that has both physical and emotional outcomes for mental health and general well-being. Judging others may in fact lead to mis-attributions where we think the faked emotion is in fact the real feelings of the other party.

    To be honest, open and authentic would be real intimacy in our relationships but carries the high risk of rejection and misunderstandings.

    References:

    1. Robins S.P. Judge T.A. 2013 – Organizational Behavior 15Ed Pearson Publishing

    2. Myler S.F. 2018 – Myler Case Studies 2018/19 Unpublished

    3. Grandey A. et.al. 2010 – Work in the Global Services Economy – Journal of Service Management.

    4. Matsumoto D. 2009 – Culture & Emotional Expression – New York, Taylor & Francis publishing.

    5. Myler S. F. 2019 – Myler Case Studies 2019 Unpublished

    6. Heider F 1958 – Attribution Theory – Oxford Dictionary of Psychology 2001

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    Source by Stephen F. Myler

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  • Why Sales Doesn’t Have to Be a Numbers Game

    Why Sales Doesn’t Have to Be a Numbers Game

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    Telling stories is a great teaching tool to use in many fields, especially sales. At one of our recent workshops on pain, a participant from a technology company shared a story about an experience he had at a big-box TV store. This person went in to the store to learn more about flat screen TVs, with no intention of buying. He just wanted more information so he could make an educated decision when it came time to buy a TV, and get the best deal online, not at a store.

    When our participant entered the store, he was greeted right away by a sales person, and before he knew it, the sales person was telling him all about the great features and benefits of each widescreen TV. The sales person never asked a single question about why he was visiting the store, or if he’d even been there before. The sales person was nice but never uncovered any pain. All he did was say, “Can I help you?”, and then proceeded to “spill his candy all over the lobby”, and give our participant all the ammunition he needed to go get his best deal online. The sales person never had a chance to close the deal.

    Far too often, salespeople try to spill their candy in the lobby for a living. They throw information and free advice and their own time and money and resources against a wall hoping some of it will stick. “If I go to enough networking events, if I make enough new prospecting calls, if I talk about my product enough, if I ask enough people if they need this for their business, and if I make enough cold calls, then I’ll be successful.”

    The numbers game is one way you can approach your career, but it requires a lot of work, and it often wastes a lot of time. On the other hand, the Sandler System is all about working smarter, not harder. Furthermore, if you combine the same tenacity and work smartly to uncover a prospect’s pain, you will become a Robo-Salesperson. Armed with new, effective questioning strategies and proven sales techniques, you will discover the prospects’ problems and deep-seated emotional needs, pains, and desires to find solutions (ones that you can provide). This will result in dramatically increasing your sales and reducing your work time and stress that goes with it.

    Another participant in our Sandler Sales program sells gauges to machine shops and other companies. This guy is very meticulous and had a phone prospecting system he followed diligently, but when he left messages, very few returned his calls. Sound familiar? Well, this guy enrolled in our advanced training program and he carefully tracked all his results. Here’s what he found:

    After the first year of learning the Sandler Sales System, his market of selling to machine shops experienced a 5% decline, however, his personal sales went up 28.6%. Since he worked on a straight commission, his personal income went up an equal amount. So, his income went from $93,000 up to $119,598. Our sales guy attributed this to learning how to leave an effective voicemail message, encouraging his prospects to call back, and it worked. After his second year in the Sandler course, his sales went up another 32.3% and his income increased to $158,228. Why? He became more effective at closing deals. In the first two years in the training program, he had boosted his commissions by 70%. The bottom line, none of his success would have happened without learning to uncover his prospects’ pain.

    By the way, if you’re one of those people who believe “you can’t teach on old dog new tricks,” check this out. This guy wasn’t a kid. He was about 50 years old when he started learning the Sandler way, and still made those drastic improvements. I’m happy to say that 14 years later, he continues to attend and take advantage of our President’s Club classes. This sales leader is committed to being at the forefront of his industry’s selling knowledge curve and providing for his family, himself, and his own retirement.

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    Source by Greg Nanigian

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  • HOLISTIC Approach To Medicine

    HOLISTIC Approach To Medicine

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    Most people seek better health, but, often, their fear of going to the doctor, or needles, or taking certain medicines, and / or, their desire to avoid what they might consider the risks / side effects, associated with some convention treatments, become a risk to their personal health, and well – being. In the United States, our system of medical treatment is often referred to, as allopathic , which focuses on treating diseases, as opposed to preventive medicine. In many / most of the rest of the world, the emphasis is on reducing illnesses, by enhancing / improving our resistance, and / or immunity, and avoiding taking chemical medicines, initially, but only, when other approaches, aren't indicated. With that in mind, this article will attempt to briefly, consider, review, examine, and discuss, the HOLISTIC alternative / approach, using the mnemonic method.

    1. Healing; homeopathy; heart / head: Holistic practitioners, often focus on healing the entire / whole person, including balancing the emotional and logical considerations, in a head / heart balance, without resorting, first, to merely treating symptoms. Most nations use homeopathic medicine, in a thorough, wellness program, as well as many other modalities.

    2. Options: The focus is on taking advantage of all, viable options and alternatives, used together, towards creating better health!

    3. Listen; learn: Wellness medicine treatment takes the time, to ask lots of questions, and listen carefully, in order to learn more, and be best positioned, to better health!

    4. Importance; ideology; ideas; investigate: Utmost importance, in an alternative regimen, is possessing an ideology, of considering the bigger – picture, and take advantage of the finest relevant ideas / alternatives. When one investigates the options, and alternatives, he places himself, in the best position, for a potentially, healthier life, etc.

    5. Systems; stronger; sustain: When one focuses on the best way to sustain our existence, and proceed, in a stronger way, he accepts alternative systems, focused on a healthier lifestyle!

    6. Timely; trends: Pay attention to the discoveries, trends, and new alternative techniques, with the focus, on the best. most relevant alternatives, might create a healthier – you! In every medically – related, instance, it's essential to pursue, well – considered, timely actions and treatments, while ruling out major illnesses, such as cancer, etc.

    7. Imagination; insist; improve: If you hope to improve your health, you will have to work, on it, while maintaining the imagination, to consider options and alternatives, and insist, on doing everything, possible, to enhance your well – being.

    8. Care; caring; coordinate: Coordinate your care, and know, when allopathic approaches are needed, and necessary, and when, holistic approaches and techniques, might be best, for you! Happy people are generally, best – positioned, to be healthier, and are often, the most caring individuals.

    Wise people don't ignore the possibilities, and are ready, willing and able, to consider, when HOLISTIC medicine and techniques, are best – suited, for you. Will you maintain the open – mind, to be the healthiest, you might possibly, become.

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    Source by Richard Brody

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  • Love As an Emotion

    Love As an Emotion

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    I am now talking to the male part of any relationship because the male is normally the leader in any relationship. So, men, what will happen if your love for your wife or girlfriend relied on your emotions, or on your feelings? Today, you could cherish her, caress her, care for her, hug and kiss her. Tomorrow, you might feel totally different. You might slap her around a bit, shout and scream at her, ignore her, deride her. Because that is exactly what feelings are all about. Emotions play games on your feelings all the time. And the game changes every day, every minute. Think now of how confusing for the poor lady you have as a girlfriend or wife. She wants your attention, she says she loves you and has chosen you to be her mate, friend, and husband, whatever. But she is afraid of you because you are so much stronger as her, and she knows at any time you could burst into one of your tirades with disastrous consequences for her. Maybe a broken nose, a black eye, cracked ribs. Men who do this to any woman should be ashamed of themselves.

    Real adult love is more than just a feeling. It means caring even when you do not feel like caring. It means spending time with your spouse when you prefer watching an important game on the telly. It also means nursing her when she feels ill and spending time with her when you prefer spending time with your friends. Love is taking responsibility for others and setting their needs and desires above yours. Love is also consistent with your feelings and it does not change every day. Love is not rude or harsh with your spouse, and respects her as the weaker member of your relationship.

    I guess what I really want to say about being in a relationship where emotions and feelings is the basis of your relationship, and then you need to think long and hard about this. To rely on feelings is immature and stupidity, you just cannot rely on it. Do you really want to have a relationship with this woman? Tomorrow you might prefer spending time with your friends. Or for that matter, some other woman. So, if you decide no, I do not want to spend so much time with this woman, and then tell her that so that she could understand where she stands. She might feel hurt now, but in the end, she will at least know where she stands with you. And both of you could move on with your lives.

    There are so many examples I can give on real love. But one thing I will say about this. Real love is taking responsibility of the opposite gender. Today you say you love her, but she will have the assurance that regardless of how you feel, tomorrow you would love just as much. Do not rely on your feelings of love for today, tomorrow it might be different.

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    Source by Rodney Evan Bentley

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  • Cure Stuttering Effectively With DAF And GILCU

    Cure Stuttering Effectively With DAF And GILCU

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    Stuttering as a speech disorder poses a lot of beliefs and theories concerning its origin and characteristics. One of them is the belief that stuttering is a result of the mismatch between a person's speech capacities and the demands the person receives from the environment. A person may constantly receive pressure around very fluent people. This may lead to the breakdown of his / her speech systems because the pressure he receives is just too much of what his speech system can accommodate. This makes concerned individuals look for ways on how to match these two factors and ways on how to cure stuttering.

    There are a lot of myths and devices that promise instant cure for stuttering. Unfortunately, these are hoaxes and only provide temporary cure. But, with the help of techniques that are taught and implemented by certified speech pathologists, stutterers will be able to eliminate their moments of stuttering and communicate effectively. A lot of techniques are well-received by researchers in this field.

    How To Cure Stuttering With GILCU?

    Stutterers and concerned families have always been in the search for ways on how to cure stuttering. Speech pathologists incorporate different fluency techniques during therapies that promise to reduce and then completely eliminate the abnormal repetitions, prolongations and stoppages or blocks present in a stutterer's speech. With the help of the techniques, stutterers are also able to eliminate the physical concomitants or movements that they involuntarily do. Two of these techniques that aim to treat stuttering are Gradual Increase in Length and Utterance (GILCU) and Delayed Auditory Feedback (DAF).

    How to cure stuttering with GILCU? GILCU, as what it stands for implies, involves the structured plan of the application of fluency techniques. The fluency techniques taught to patients are introduced and then applied in the patients' speech in a gradual manner. The patients will first apply the techniques with syllables then proceed with words, then to phrases and in turn to sentences. The patients, who seek ways of how to cure stuttering, will need to master first applying the techniques in the shortest utterances before proceeding to longer and more complex ones.

    GILCU is incorporated in the Fluency Shaping treatment plan because it targets the over-all fluency of the person. This is also a convenient and effective technique because it doesn't bombard the stutterer with a lot of techniques at once. This gives the patient the chance to adapt and incorporate the techniques needed according to his / her own capacities. GILCU answers people over their concern on how to cure stuttering effectively.

    How To Cure Stuttering With DAF?

    DAF is another technique used by speech pathologists for people who are concerned on how to cure stuttering. Delayed Auditory Feedback, as the name implies, alters the auditory feedback system of the stutterer to lessen the dysfluencies. It is based on the belief that stutterers are not able to immediately implement corrections when what they wanted to say is different from what they have said. How to cure stuttering with DAF?

    With DAF, a device is placed on the patient's ears. This device modifies the feedback system by delaying the sound heard by the stutterer by 50-75 milliseconds. This will make the stutterer prolong syllables and reduce the rate of utterances, thereby lessening the sudden dysfluencies created because of pressures for rapid speech. The delay caused by the DAF is decreased over the course of therapy to increase the pressure imposed on the stutterer. Its goal related to how to cure stuttering, is to practice the speaker to not hurry his / her speech and give him / her ample time to construct his ideas and produce them well.

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    Source by Samuel Keith

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  • BSE (Bombay Stock Exchange) – Online Trading System

    BSE (Bombay Stock Exchange) – Online Trading System

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    Gone are the days when you needed a broker to help you buy and sell stocks, shares and make stock market investments. Through online investment you can buy and sell shares with just a few clicks of the mouse. The economic and capital market in India cannot exist without a stock exchange; there are two main stock exchanges where transactions take place; the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). While all the major transactions take place here, there are over 20 different stock exchanges located across the country.

    Online trading in India has changed the meaning of trading in the country. With no requirement for a broker, trading has become easier, faster and far more convenient than earlier days. Some of the major financial products and services offered through online trading are mutual funds, equities, general insurance, life insurance, share trading, portfolio management, commodities trading and financial planning. In online trading, the investor has to pay less brokerage as compare to offline trading. There is no need for any paperwork through online investing and the need for a middle man is eliminated. All the stock accounts are stored in a Demat account where they can be viewed.

    BSE online trading was established in 1995 and is the first exchange to be set up in Asia. It has the largest number of listed companies in the world and currently has 4937 companies listed on the Exchange with over 7,700 traded instruments.

    The only thing that an investor requires for online trading through BSE is an online trading account. The trading can then be done within the trading hours from any location in the world. In fact, BSE has replaced the open cry system with automated trading. Open cry system is a common method of communication between the investors at a stock exchange where they shout and use hand gestures to communicate and transfer information about buy and sell orders. It usually takes place on the ‘pit’ area of the trading floor and involves a lot of face to face interaction. However, with the use of electronic trading systems trading is easier, faster and cheaper; and is less prone to manipulation by market makers and brokers/dealers.

    The BSE provides an efficient and transparent market for trading in debt instruments, equity and derivatives. This is performed through a system known as BOLT – BSE’s Online Trading System.

    In the stock exchange, a key index is used to keep track of the important or the most traded stocks in the exchange. The indice used at the BSE while trading is the SENSEX and is displayed in all major portals, newspapers and magazines. It is India’s first stock market index that enjoys an iconic stature and is tracked worldwide. It is conducted on a free-float methodology and is sensitive to market sentiments and realities.

    There are also indices such as BSE small cap, BSE mid cap and BSE500 to take care of medium and small companies. Furthermore, India index services and Products Limited has indices such as CNX Nifty Junior, S&P CNX Nifty, CNX 100, S&P CNX 500 and CNX Mid cap. The BSE offers 22 indices to suit a multiplicity of needs, inclusive of 12 sectorial indices. For example, the BSE PSU Index tracks the performance of the listed PSY companies and also helps the Central Government to monitor its wealth on the bourses.

    The BSE has become a completely ‘corporatised and demutualized stock exchange’ through the use of online exchanges. With partners such as Deutsche Borse (DB) and Singapore Stock Exchange (SGX) it has a global competitive force. BSE has strategic relationships in almost every part of the world- Europe (DB)), Hong Kong (ETF) and Asia (SGX), prominent public sector undertakings such as State Bank of India, Bank of India, Life Insurance Corporation of India and Central Bank of India.

    Benefits of BSE trading system in India for share brokers or newbies

    There are a number of attractive services to empower investors and facilitate smooth transactions. Some of these include:

    1) Investor Services: A range of services are offered to investors. Being the first exchange in the country to provide an amount of INR 1 million towards the investor protection fund, the BSE had launched a nationwide investor awareness program; ‘Safe Investing in the Stock Market’ under which there were 264 programmes which were conducted in over 359 cities in India.

    2) BSE has an Online trading BOLT system: the online-Trading system (BOLT) facilitates on-line screen based trading in securities. Currently it operates 25,000 Trader Workstations which are located across 359 cities in the country.

    3) The BSE has the world’s first centralized exchange-based Internet trading system – BSEWEBX.com. This system helps the investors anywhere in the world to trade on the BSE platform.

    4) The BSE has an online Surveillance system (BOSS) which monitors on a REAL-TIME basis the price movements, the volume positions and members’ positions as well as real time measurement of default risk, generation of cross market alerts and market reconstruction.

    5) The BSE has a training institute – known as the Bombay Stock Exchange Training Institute (popularly known as the acronym BTI).The BTI imparts capital market training and certification; in collaboration with a number of reputed management institutes and universities. There are over 40 courses to choose from on different aspects of the capital market and the financial Bombay Stock Exchange market.

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    Source by Monish P Kumar

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  • Why Is Medical Coding Essential in Healthcare?

    Why Is Medical Coding Essential in Healthcare?

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    Nowadays, there are a lot of health care professions out there, but medical billing is on the list of top professions. Around 20 years back, there were not many job opportunities in the healthcare industry. Now, there are lots of job opportunities in the healthcare market. And this has increased the demand for medical coding professionals. Let’s find out why medical coding is essential in healthcare.

    What is medical Billing and Coding?

    What do you do when you are sick? You go to a medical doctor. At the doctor’s office, you deal with a doctor and his assistant. But you may not have noticed but there is another professional in the process who ensures you get the best treatment. They work in the background but are just don’t pay attention to them because of our health problems. The role of these professionals is to make sure your medical claims are billed and processed properly.

    There is a difference between medical billing and medical coding as different individuals handle them. For this purpose, individuals train and prepare for the job. Let’s find out the difference between their roles.

    The primary role of a medical coder is to decode the procedure or service mentioned on the documents given by the doctor to the patient. Next, he decides on the right type of procedure and diagnosis code for submission. Actually, the medical coder takes their time to assess and code the data to ensure the billing is free of errors.

    Next, the medical biller uses the right codes to enter the claims and then submits them to the relevant insurance provider for billing. For updates, the biller keeps in touch with the insurance provider to ensure the approval of the claims. In case of any discrepancies, the medical biller may update the patient on what is going on.

    Career Opportunities

    If you want to ensure that the medical institutes run efficiently, the importance of medical coders and medical billers can’t be denied. The billing and coding professionals are an integral part of the system to ensure that the records are updated and handled properly.

    Recently, there has been an increase in job opportunities for trained medical coding and billing professionals. As the life expectancy and population increases, the demand for these pros will keep on going up, says the reports released by the Bureau of Labor Statistics.

    Actually, these professionals are appointed at nurse care, medical billing companies, rehabilitation facilities, insurance companies, private clinics, and hospitals, just to name a few.

    If you want to join this field, make sure to get certificates by undergoing proper training. Usually, these pros need to undergo post-secondary training.

    It’s not hard to achieve this feat. All you need to do is sign up for a medical billing and coding program. As soon as you have gone through short training, it’s time for you to apply for your desired job at a nearby medical facility.

    So, this was a description of the importance of medical coding in healthcare.

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    Source by Shalini M

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  • Free Online Dating: Tips and Advice

    Free Online Dating: Tips and Advice

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    Are you a real “newbie” to the world of free online dating? Do you find online dating foreign? Fret not, dear readers. Here are some online dating tips to assist you in enjoying the experience.

    Your Username

    Let’s start at the beginning. It’s great to choose a username that makes you stand out. Just remember, though, there is a big difference between being very clever and being so obscure your username goes right over the heads of potential partners.

    If someone is already using your first choice for a name, just let it go. Obviously, it wasn’t that clever after all. Avoid using provocative pen names. Not everyone has a sense of humor when it comes to online dating, especially if you are hoping to find a long-term relationship.

    Your Profile

    A profile that is carefully composed is essential to a successful online dating experience. The profile area is your space to present not only your biographical information but also other special personal information, pictures of yourself and some details of what you are seeking in terms of a date and/or potential mate. Don’t stress it though, because while you only get one chance to make a good first impression on a date, you get as many chances as you want on your free online dating profile. Get together with a friend or two when you’re ready to build your profile. They can help in choosing the best pictures.

    Your Photographs

    All your photographs should be under seven months old unless specifically designated otherwise. Your main photo should be a headshot. People should be able to see your eyes. In fact, there are free online dating sites that will suspend your photo posting privileges if your main photo does not show your eyes.

    You should also include at least one full body shot too. This way, when you do score a first date, there will no concern about how “different” you look in person. Don’t post too many pictures that include other people who might hide the real you or confuse others as to your dating status either.

    Keep all your profile photographs updated. Include supplemental photos of you enjoying your favorite pastime or perhaps pics from recent vacations. They can give you something to talk about.

    Your Headline

    Your headline should make a statement about you or maybe answer a basic question like: “What qualities am I looking for in a man/woman?” Again though, don’t be so clever; you may lose your “reader”.

    Your Description

    Your description should focus on three separate sections. The first concerns who you really are and some of the different things you enjoy doing. The second might be more about your personal habits or just about anything unusual or unique that makes you stand out from the crowd. The third one should discuss your current activities, books you have read and films you have seen recently.

    Additional Tips

    Finally, try to be brief. Share, but be careful you don’t share too much. Find a comfortable middle ground between letting them know something about you and removing all the mystery. Use spell check, too. You don’t want a profile that looks thrown together.

    To summarize these online dating tips, you want to give people an honest representation of yourself, both physically and mentally. Specify a few things that make you stand out. If you took time off to protest at Standing Rock or have a unique collection of some sort, include that. It will get people’s attention.

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    Source by Pete Nyandeh

    Views: 0