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  • Casual Articles - Costly Worker Memory Fade Could Cost You $500,000 A Year

    Seven Common Causes of Business Failure
    It is very important to identify and analyze why certain businesses fail, so that we can learn from their mistakes and take guidance from the successful ones.Many businesses fail because of some common causes which many entrepreneurs ignore at the onset of the business. These causes should be studied in depth because no university course gives you enough matter to study, on topics such as this. The most common causes of business failure are:1. Laying mor
    tion delays could also cause late billing, unhappy customers and a growing suspicion as to the validity of invoices, possibly resulting in additional follow-up calls, credits being issued due to now irretrievable information and an inevitable diminished business image.The CureTo eliminate the potential of business damage being caused by worker memory fade, treat the cause and not the symptoms. The answer is an unfaltering discipline. A
    How To Formulate A Private Investigator Business Plan
    Going into business as a private investigator for the long term will require careful planning in the initial stages. You'll want to ensure the business gets off to the right start, and is able to compete successfully in what is becoming a tough arena.Private Investigator Business PlanAre you going it alone, going into busines with one or more partners, working from home or setting up office in your town or city? These are some of the questions you'll be
    Underlying Factors

    We all forget from time-to-time but when it comes to work, forgetting can be a costly and damaging proposition. Unless properly addressed, it will occur most of the time. Given that most workers follow a routine,

    • Memory of work details performed on a Monday is overlaid by events on Tuesday
    • Memory of events just one week old can fade to the extent that recall is impossible.
    Memory is substantially heightened when recollection is facilitated with a "multiple-choice crutch" as opposed to "filling-in-the-blanks" wherein recall is solely dependent on memory. Workers may also view the importance of business information as secondary to their actual work assignment. Reporting solutions that are difficult to navigate and utilize further add to the potential for delays and inaccuracies.Business Damage Faulty reporting results in the need for follow-up and reconciliation processes, thus adding to delays in dependent reporting. Consider a staff of 500 who report five incidents per workday, or about 50,000 incidents a month.

    • If just five percent (5%) of these incidents required reconciling, 2,500 incidents would be in the queue
    • One "reconciliation" every fifteen minutes would require four full-time reviewers, possibly costing $100,000 a year
    • Over time, the reconciliation backlog could grow exponentially. If ten percent (10%) or 250 incidents were not reconciled within the month, they would be carried over
    • Given the nature of memory, these would become more and more difficult to reconcile, thus more reviewers, more management involvement and more work-reducing interruptions for the incident reporters.
    As a cascading delay effect develops, the size of the backlog grows and the delayed mix becomes more difficult to reconcile. The reconciliation delays could also cause late billing, unhappy customers and a growing suspicion as to the validity of invoices, possibly resulting in additional follow-up calls, credits being issued due to now irretrievable information and an inevitable diminished business image.The CureTo eliminate the potential of business damage being caused by worker memory fade, treat the cause and not the symptoms. The answer is an unfaltering discipline. Al
    Use World Class Service To Recruit World Class Talent
    Have you been to a restaurant and been totally amazed at how great the service was?Have you ever made a purchase from a website and been impressed with how efficient, simple and stress-free it was to use?Have you gone back there? Have you told your friends about them?In a world of ultra competition and infinite choices, as consumers we have enormous power as to where and with whom we spend our money. There are plenty of businesses that can deliver
    heightened when recollection is facilitated with a "multiple-choice crutch" as opposed to "filling-in-the-blanks" wherein recall is solely dependent on memory. Workers may also view the importance of business information as secondary to their actual work assignment. Reporting solutions that are difficult to navigate and utilize further add to the potential for delays and inaccuracies.Business Damage Faulty reporting results in the need for follow-up and reconciliation processes, thus adding to delays in dependent reporting. Consider a staff of 500 who report five incidents per workday, or about 50,000 incidents a month.

    • If just five percent (5%) of these incidents required reconciling, 2,500 incidents would be in the queue
    • One "reconciliation" every fifteen minutes would require four full-time reviewers, possibly costing $100,000 a year
    • Over time, the reconciliation backlog could grow exponentially. If ten percent (10%) or 250 incidents were not reconciled within the month, they would be carried over
    • Given the nature of memory, these would become more and more difficult to reconcile, thus more reviewers, more management involvement and more work-reducing interruptions for the incident reporters.
    As a cascading delay effect develops, the size of the backlog grows and the delayed mix becomes more difficult to reconcile. The reconciliation delays could also cause late billing, unhappy customers and a growing suspicion as to the validity of invoices, possibly resulting in additional follow-up calls, credits being issued due to now irretrievable information and an inevitable diminished business image.The CureTo eliminate the potential of business damage being caused by worker memory fade, treat the cause and not the symptoms. The answer is an unfaltering discipline. A
    A Great Career Path in Bioengineering
    Want to impact humanity and protect its health? Improve quality of life? Being a Bio-medical Engineer is a great opportunity to reach this goal. According to the US department of Labor, Bureau of Labor Statistics, employment of biomedical engineers is expected to increase faster than the average for all occupations through 2012. Hence, if you are considering your career in bioengineering field, you definitely are in the right career path.Bioengineering (also ca
    d reconciliation processes, thus adding to delays in dependent reporting. Consider a staff of 500 who report five incidents per workday, or about 50,000 incidents a month.

    • If just five percent (5%) of these incidents required reconciling, 2,500 incidents would be in the queue
    • One "reconciliation" every fifteen minutes would require four full-time reviewers, possibly costing $100,000 a year
    • Over time, the reconciliation backlog could grow exponentially. If ten percent (10%) or 250 incidents were not reconciled within the month, they would be carried over
    • Given the nature of memory, these would become more and more difficult to reconcile, thus more reviewers, more management involvement and more work-reducing interruptions for the incident reporters.
    As a cascading delay effect develops, the size of the backlog grows and the delayed mix becomes more difficult to reconcile. The reconciliation delays could also cause late billing, unhappy customers and a growing suspicion as to the validity of invoices, possibly resulting in additional follow-up calls, credits being issued due to now irretrievable information and an inevitable diminished business image.The CureTo eliminate the potential of business damage being caused by worker memory fade, treat the cause and not the symptoms. The answer is an unfaltering discipline. A
    Leading Change - Empowering People for a Change
    During times of change in an organization people tend to freeze and not want to take responsibility. As a change leader you need people who are empowered, yet many a leader just sits back and blames the people and become a dictator extraordinaire. As a Marine sniper in Vietnam I saw leaders empower us young kids who knew nothing. One leader, Colonel Masterpool, had people that would follow him to hell and back just because of who he was and how he treated and communic
    xponentially. If ten percent (10%) or 250 incidents were not reconciled within the month, they would be carried over
  • Given the nature of memory, these would become more and more difficult to reconcile, thus more reviewers, more management involvement and more work-reducing interruptions for the incident reporters.
  • As a cascading delay effect develops, the size of the backlog grows and the delayed mix becomes more difficult to reconcile. The reconciliation delays could also cause late billing, unhappy customers and a growing suspicion as to the validity of invoices, possibly resulting in additional follow-up calls, credits being issued due to now irretrievable information and an inevitable diminished business image.The CureTo eliminate the potential of business damage being caused by worker memory fade, treat the cause and not the symptoms. The answer is an unfaltering discipline. A
    What's It Worth?
    Adjust Cash FlowTo determine the profitability value a business falls into, it is necessary to determine the Adjusted Cash Flow of that business. The Adjusted Cash Flow is equivalent to its earnings before interest, depreciation, and taxes (EBIDT in accounting terms), plus additions or subtractions for owner’s salary, discretionary, single occurrence, or non-cash expenses. Once a thorough analysis of the financial information has been completed, and the Adjust
    tion delays could also cause late billing, unhappy customers and a growing suspicion as to the validity of invoices, possibly resulting in additional follow-up calls, credits being issued due to now irretrievable information and an inevitable diminished business image.The CureTo eliminate the potential of business damage being caused by worker memory fade, treat the cause and not the symptoms. The answer is an unfaltering discipline. All reporting has to be submitted and approved within a specific brief time frame. Ideally, submission would be within twenty-four hours, thus circumventing the overlay of the next day's similar interfering information. This calls for a regimented process that stores and manages all reported information along with the means to efficiently pursue and make good on all missing and unapproved reports on a daily basis. To ensure the accuracy of reported information, a computer based solution using a "multiple-choice crutch" would be employed, such as drop-down boxes, which would limit the selection of information to be reported to the specific assignment of each individual worker. To further induce a cooperative report submission process, the discipline design should be:

    • Intuitive
    • Easy to navigate
    • Require minimal training, and
    • Be available from essentially anywhere and flexible enough to plan and report on any type of work assignment, whether it be administration, management, services, sales, projects or any other.
    Such a change in business mindset would require the unwavering support of business leaders who strive to achieve goals in strict alignment with their business vision and result requirements. The potential for dramatic efficiencies and profit improvement would be strong inducements to implement the needed change in overall business processes.

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