Leaner Navy looking at future technology, fleet size and sequestration

[ Back to EurekAlert! ] Public release date: 24-Oct-2012
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Contact: Peter Vietti
onrcsc@onr.navy.mil
703-696-5031
Office of Naval Research

ARLINGTON, Va.-- Adm. Mark Ferguson, vice chief of naval operations, headlined the opening of the ONR (Office of Naval Research) Naval S&T (science and technology) Partnership Conference and ASNE Expo on Oct. 22, and highlighted the importance of innovative S&T programs being developed by the Navy. He also offered a revealing look at the potential future for the Navy if sequestration, or automatic defense cuts, goes into effect in January.

Speaking to a capacity crowd as keynote speaker, Ferguson said the Navy is already working hard to do more across the globe-with less resources.

"The implications of trying to absorb a 9.4 percent cut on top of the significant reductions we've already done in fiscal year 2013 budgets, will have a very significant impact on the workforce, on the research and development (R&D) accountson everything," said Ferguson.

Ferguson's wide-ranging talk addressed an array of topics relating to ONR's pioneering work in S&T research. The vice chief applauded ONR-led efforts to improve warfighter capabilities in programs such as the Electromagnetic Railgun, ballistic missile defense, cyber defense and more.

These kinds of technologies, he said, are "game-changers." And in spite of current fiscal austerity, he stressed that the Department of Navy's leadership recognizes the importance of S&T research for the future of the service.

"We're going to be smaller as we go forward," he said, regardless of whatever decisions are made on sequestration. "We're going to be leaner. But in the same breath we have to be technologically advanced. We have to make sure that we put the best technology we have into the hands of our warfighters.

"That's our promise to future generations."

Without some sort of adjustment by Congress, currently the subject of discussion on Capitol Hill, the nearly 10 percent across-the-board Department of Defense budget cuts are slated to commence in 2013 and continue for 10 years.

The admiral stated he is personally hopeful lawmakers will moderate the cuts before they kick in, but noted that if no adjustments are made, the long-term as well as immediate effect on the Navy will be heavy.

"If you project out 10 years--remember the budget control act talks about 10 years of reductions--now you start talking about a fleet reduced to about 230-235 ships," he said. "Now you start talking about reduction of manpower commensurate with that. Now you start talking about the reduction of money going to warfare centers, to R&D efforts."

Ferguson's talk also emphasized the Navy's commitment to promoting programs aimed at getting young people involved in science, technology, engineering and mathematics (STEM) careers.

He said he will chair a committee to bring together industry, academic and service leaders to coordinate STEM support.

The S&T conference is a biennial event bringing together top military, scientific, industry and academic experts in matters related to science and technology and defense. More than 1,500 attendees registered for the event.

###

ONR provides the science and technology necessary to maintain the Navy and Marine Corps' technological advantage. Through its affiliates, ONR is a leader in science and technology with engagement in 50 states, 70 countries, 1,035 institutions of higher learning and 914 industry partners. ONR employs approximately 1,400 people, comprising uniformed, civilian and contract personnel, with additional employees at the Naval Research Lab in Washington, D.C.


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[ Back to EurekAlert! ] Public release date: 24-Oct-2012
[ | E-mail | Share Share ]

Contact: Peter Vietti
onrcsc@onr.navy.mil
703-696-5031
Office of Naval Research

ARLINGTON, Va.-- Adm. Mark Ferguson, vice chief of naval operations, headlined the opening of the ONR (Office of Naval Research) Naval S&T (science and technology) Partnership Conference and ASNE Expo on Oct. 22, and highlighted the importance of innovative S&T programs being developed by the Navy. He also offered a revealing look at the potential future for the Navy if sequestration, or automatic defense cuts, goes into effect in January.

Speaking to a capacity crowd as keynote speaker, Ferguson said the Navy is already working hard to do more across the globe-with less resources.

"The implications of trying to absorb a 9.4 percent cut on top of the significant reductions we've already done in fiscal year 2013 budgets, will have a very significant impact on the workforce, on the research and development (R&D) accountson everything," said Ferguson.

Ferguson's wide-ranging talk addressed an array of topics relating to ONR's pioneering work in S&T research. The vice chief applauded ONR-led efforts to improve warfighter capabilities in programs such as the Electromagnetic Railgun, ballistic missile defense, cyber defense and more.

These kinds of technologies, he said, are "game-changers." And in spite of current fiscal austerity, he stressed that the Department of Navy's leadership recognizes the importance of S&T research for the future of the service.

"We're going to be smaller as we go forward," he said, regardless of whatever decisions are made on sequestration. "We're going to be leaner. But in the same breath we have to be technologically advanced. We have to make sure that we put the best technology we have into the hands of our warfighters.

"That's our promise to future generations."

Without some sort of adjustment by Congress, currently the subject of discussion on Capitol Hill, the nearly 10 percent across-the-board Department of Defense budget cuts are slated to commence in 2013 and continue for 10 years.

The admiral stated he is personally hopeful lawmakers will moderate the cuts before they kick in, but noted that if no adjustments are made, the long-term as well as immediate effect on the Navy will be heavy.

"If you project out 10 years--remember the budget control act talks about 10 years of reductions--now you start talking about a fleet reduced to about 230-235 ships," he said. "Now you start talking about reduction of manpower commensurate with that. Now you start talking about the reduction of money going to warfare centers, to R&D efforts."

Ferguson's talk also emphasized the Navy's commitment to promoting programs aimed at getting young people involved in science, technology, engineering and mathematics (STEM) careers.

He said he will chair a committee to bring together industry, academic and service leaders to coordinate STEM support.

The S&T conference is a biennial event bringing together top military, scientific, industry and academic experts in matters related to science and technology and defense. More than 1,500 attendees registered for the event.

###

ONR provides the science and technology necessary to maintain the Navy and Marine Corps' technological advantage. Through its affiliates, ONR is a leader in science and technology with engagement in 50 states, 70 countries, 1,035 institutions of higher learning and 914 industry partners. ONR employs approximately 1,400 people, comprising uniformed, civilian and contract personnel, with additional employees at the Naval Research Lab in Washington, D.C.


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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-10/oonr-lnl102412.php

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Woman lied about burns, actually set herself on fire, police say ...

Forensic evidence indicates that a 20-year-old Winnsboro woman suffering from extensive burns set herself on fire, then invented a story about being doused in flammable liquid by three men who she said also wrote the initials KKK and a racial slur on her car, State Police said Tuesday. On Sunday at 8 p.m., Sharmeka Moffitt called 911 from a walking trail in Winnsboro and told authorities she had been doused in flammable liquid by three men wearing white hoodies.

She suffered extensive burns on more than half her body and was taken to LSU Health Sciences Center in Shreveport for treatment. After two days of investigating the case, authorities said Tuesday that the forensic evidence indicates Moffitt set herself on fire.

"The evidence does not support the statement that she was attacked by three males," said Louisiana State Police spokeswoman Lt. Julie Lewis.

Lewis said Moffitt's fingerprints were found on a lighter and lighter fluid recovered from the scene. Investigators also believe Moffitt used toothpaste to draw the KKK initials and racial slur on her vehicle. DNA evidence also points to Moffitt, she said.

Investigators have not been able to interview Moffitt because she remains in critical condition. Without speaking to her, it remains unclear why she might have set herself on fire, Lewis said.

Police are handing the case over to the Franklin Parish district attorney's office, which will decide whether to file charges against Moffitt, she said.

"I feel a hurt for the victim," Winnsboro Police Chief Lester Thomas told a news conference Tuesday.

"Nobody knows, it could be you, it could be me, it could be one of our family members struggling like this," said Franklin Parish Sheriff Kevin Cobb.

Several law enforcement agencies, including the FBI, began looking into the alleged attack as a possible hate crime.

Source: http://www.nola.com/crime/index.ssf/2012/10/woman_lied_about_burns_actuall.html

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Where did all the finance bloggers go? My theories. | The Reformed ...

  • Joshua M Brown
  • October 23rd, 2012

My friend Tadas has noticed something that I've been thinking to myself as well - there seem to be fewer regularly-updated, high quality financial blogs these days. Many have simply disappeared or have gone inactive. And very few new ones of note have come along to replace them.

But why?

If anything, the market and economy have become even more baffling than ever before, even more counterintuitive and in need of explanation. And its not exactly like the economy is off the front pages - this entire election will be decided by what America thinks is the solution to our ongoing economic issues.

Tadas has a couple of ideas that could be contributing to this dearth of quality blogs:

  1. Other outlets for expression like StockTwits, Twitter, Tumblr, etc. have displaced blogging;
  2. The economy is getting better and bloggers have found full-time gigs;
  3. The markets are such a mess that erstwhile blogger have found better things to do with their time;
  4. Professional bloggers have displaced the efforts of amateurs;
  5. Insert your best explanation ___________.

As someone whose been around the financial blogging scene for almost four years, I'll take him up on number 5, here's what I think could be happening:

1. Blogging is not a thing unto itself. I have one of the most highly-trafficked financial blogs on the web but if I had to live on the ad revenues alone, I'd probably be dependent on Mitt Romney and his 53% for my survival. The blog is a business tool for me in terms of finding out what I think and communicating, it is not a self-contained business. Those who have started blogs with the idea that they'd be an end in of themselves have found out the hard way that content is only a business for the very few, your Business Insiders and the like. Even the biggest mainstream media financial blogs act as a subscription-driving tool in the final analysis. And so if your blog is not a means to some other end besides immediate revenue, it becomes hard to perpetuate and keep grinding each day.

2. There is a degree of who-gives-a-shit-anymore happening, an idea that everything that can possibly be said has already been said at this point and nobody wants to be a me-too for very long. I personally find myself declining to comment on many topics that have beaten to death, preferring to simply link to those I think have already made the important points. This has value to my readers and so an indirect value to me - but most bloggers are playing a 2-dimensional game. And so they eventually throw their hands up and say "what's the point?"

My third theory is probably closest to reality, though:

3. Many bloggers have simply been so completely dead wrong about the post-crisis period we've been in (Hyperinflation! Depression! Social Unrest! Hoard Water and Dry Goods!) that they simply have no audience left. Keep in mind that many of the 2008-2010 generation of bloggers were misanthropes who had been rooting for a collapse all along. They came out of the woodwork and began blogging motivated by a mixture of I-Told-You-So schadenfreude and the desire to predict the next crisis, which was obviously an imminent thing. Only it didn't happen (I know, I know, any day now). And having blown all of their personal credibility on failed Cassandra-ism, having recognized what a horrendous disservice they've done to those who've heeded them, they've simply moved on. Many went to Twitter instead where there is a less permanent record of their bullshit.

It should be noted that we witnessed this exact same exodus in 2007 and 2008, but during that period it was the more bullish bloggers and stockpickers that disappeared. They too experienced this sense of guilt and purposelessness when the wheels fell off and all of their investment ideas became humiliating at best and dangerous at worst. Inevitably, the wheel will turn again and the doomers (along with their blogs) will make a comeback. I look forward to it - those bloggers are far more fun to read than today's Apple-worship crowd.

What do you think?

Read Also:

Where Did All the Finance Bloggers Go? (Abnormal Returns)

UPDATED:

Felix Salmon weighs in with a contrary take - the quality blogs he was following in the middle of last decade are still alive and doing better than ever, he says. Read it here:

Did the Financial Blogosphere Go Away? (Reuters)

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

View the discussion thread.blog comments powered by

Source: http://www.thereformedbroker.com/2012/10/23/where-did-all-the-finance-bloggers-go-my-theories/

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Orionid meteor shower: Watch for fireballs during weekend peak

One of the more spectacular meteor showers of the year peaks overnight Saturday, with perhaps 60 visible meteors an hour. Fireballs ? any meteor brighter than Venus ? are likely as Orionids plunge into the atmosphere at 148,000 miles per hour.

By Pete Spotts,?Staff writer / October 19, 2012

Streaking fireballs light up California skies Oct. 17, the first night of the annual Orionid meteor shower, which runs through Oct. 25.

Phil Terzian/AP

Enlarge

Skywatchers in the northern and southern hemispheres are in for a treat overnight Saturday, when the annual Orionid meteor shower ? an intimate encounter with remnants of comet Halley?s tail ? is expected to peak.

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Weather willing, at least 25 meteors an hour should be visible in the predawn hours Sunday morning. By then, a crescent moon will have set, allowing a larger number of fainter meteors to stand out against the night sky.

But NASA?s all-sky cameras already are detecting meteor rates that suggest the show could be better, perhaps approaching 60 meteors an hour, says Bill Cooke, a meteor specialist at the NASA?s Marshall Space Flight Center in Huntsville, Ala., and head of the agency?s Meteoroid Environment Office.

?I?m cautiously optimistic,? he says of the shower, which began Oct. 17 and runs through Oct. 25 at a sky above you.

As if on cue, a fireball visible throughout much of central and southern California streaked across the sky Oct. 17, shortly before 8 p.m. Pacific Daylight Time. Observers reported three sonic booms tied to the fireball after it disappeared.

However, the event may have had little to do with the meteor shower. Long-time meteor observers, including Mike Hankey with the American Meteor Society, point out that meteors from comets tend to be tiny grains of ice and dust. This reflects the composition of the comets that shed the detritus as they make their closest approach to the sun and heat up. This material vaporizes at very high altitudes.

The object that plunged to Earth Wednesday evening ? which some witnesses said broke into fragments as it plunged ? was more likely a chunk of asteroid. The sonic booms people heard indicate that it reached the lower atmosphere.

Even so, Orionid meteoroids generate fireballs as well, Mr. Cooke says, owing to the high speeds at which they enter the atmosphere. At 148,000 miles an hour, these meteoroids are outpaced only by meteoroids associated with the Leonid shower, which appears each November.

?If I?m blazing into the atmosphere fast, I don?t have to be very big to leave a brilliant mark in the sky,? he says.

The fireballs the Orionids generate occur at altitudes of about 60 miles. A fireball is defined as any meteor brighter than Venus. NASA has logged at least two Orionid fireballs so far during this month?s shower.

The shower takes its name from the constellation Orion. The shower?s radiant ? the region of the sky from which the meteors appear to emerge ? appears just to the left of Orion?s right shoulder, marked by Betelgeuse, a red supergiant star and one of the largest, brightest stars in the night sky.

Part of the shower?s appeal lies in its radiant?s classy location. It sits surrounded by some of the most recognizable constellations in the night sky: Gemini; Orion, with his belt and sword; and Canis Major, Orion?s hunting companion. Canis Major hosts the double star Sirius. At 8.6 light-years from Earth, Sirius A, the brightest of the two, outshines all the other stars visible to the naked eye.

So while you wait for a meteor, you still have other cosmic eye candy to enjoy.

Beyond the beauty, Cooke adds, is the fact that the meteors are from Halley?s comet, providing an annual show that outclasses the last appearance of Halley itself in 1986, which he witnessed, and is likely to outclass Halley?s next appearance in 2061.

?This is my consolation,? Cook says with a chuckle. ?If I can?t see a good Halley?s comet, at least I can see pieces of it burning up in the atmosphere.?

Source: http://rss.csmonitor.com/~r/feeds/science/~3/BE49HT0gmJU/Orionid-meteor-shower-Watch-for-fireballs-during-weekend-peak

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Top Reasons To Secure Fax 2 Email Services For Your Business ...

You are here: Home / Fax / Top Reasons To Secure Fax 2 Email Services For Your Business

There are a number of helpful benefits that your company can gain by securing fax 2 email services. While some companies still rely on traditional document sharing methods, these are archaic and outdated. A great many things can go awry when you are reliant upon equipment that commonly breaks down.

You will have to spend a significant amount of cash in order to secure a good fax machine. There are many related expenses that must be factored in when it comes to keeping these items functional. Companies must invest money on a routine basis to have these units serviced and repaired.

Company owners will also have to pay the high costs of adding another phone line. Telephone companies commonly charge much higher rates for their commercial customers than they do their residential clients. This means that the extra expense for this additional line can be very high. If you are a new business owner it is vital to review any new cost that you are considering taking on. It is a lot cheaper all around to use services that send your faxes over the web. Best of all, there will be not expensive equipment to buy or maintain.

People cannot access important documents when they are away from the office. If you want to gain any benefits from using a fax machine you will have to be located by it. If you step out to lunch or travel away from the office for any extended period of time, you will not be able to get what you need.

There are also many technical issues that can arise which will hinder the flow of information. Contact us details might become lost just because you have forgotten to reload your paper try or there is no ink in the printer cartridge. This can have a very disastrous effect on your business when you are unable to make important decisions due to document loss or delays.

If you receive your faxes by email, business can always keep moving forward. You will have access to all of the details and documents that you need even if you never return to the office. You will be able to check your faxes from your tablet, laptop or your mobile phone.

Companies that want to go paperless will find these services to be highly beneficial. You are not required to have all of your faxes printed out and you no longer need to worry about reloading paper trays. If you do need to have physical copies of important correspondence you can simply print it out when and where you choose to.

-->

Source: http://www.theyellowads.com/communications/top-reasons-to-secure-fax-2-email-services-for-your-business/

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iPad Mini launch event to be streamed live on ... - Know Your Cell

While Apple doesn't typically stream launch events, today it seems it is making an exception as the iPad Mini unveiling will be streamed live, via Apple TV. This will mark the first time since 2010 that an Apple event has been streamed to users and fans.

So, just how can you view the event? According to Redmond Pie, a new icon titled "Apple Events" is now now available for all to click. Evidently when it gets clicked on, instructions pop up telling the viewer to tune in later for the live stream.

The fact Apple is streaming the event perhaps marks the significance of the device to Apple. It will, after all, be a cheaper iPad and will be accessible to millions more people. I wouldn't be surprised at all if this is the PR line it tows during the event, but we'll just have to wait and see.

As a brief refresher, the iPad Mini has been rumored to launch for a quite a while now. The slate is expected to be exactly like the 9.7-inch iPad, only scaled down to 7.x-inches. The iPad Mini will also likely include a retina display, an A6 CPU and 1GB of RAM. It will compete directly with Amazon's Kindle lineup and Google's Nexus 7.?

At this point, there?s no sign the live stream will occur outside of Apple TV, but we'll just have to wait until 10 a.m. Pacific time to find out.?We're in luck, as Apple will be live streaming the entire event here (you'll need an Apple product to watch, though).?Last time around, Apple streamed its 2010 event live on Macs and iDevices too.

Make sure to stay tuned to Know Your Cell for all the latest on the iPad Mini today. Once again, you can watch the live stream of the Apple event at this link?with an Apple computer, iOS device or an Apple TV.?

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Source: http://www.knowyourcell.com/news/1646609/ipad_mini_launch_event_to_be_streamed_live_on_apple_tv.html

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Curiosity rover collects fourth scoop of Martian soil

ScienceDaily (Oct. 22, 2012) ? NASA's Mars rover Curiosity shook a scoopful of dusty sand inside its sample-handling mechanism on Sol 75 (Oct. 21, 2012) as the third scrubbing of interior surfaces of the mechanism.

The rover team is instructing the rover to deliver a sieved sample from this scoopful -- the mission's fourth -- onto Curiosity's observation tray on Oct. 22 and plans to analyze another sample from the same scoopful with the Chemistry and Mineralogy (CheMin) instrument this week.

Curiosity collected this fourth scoop of soil on Sol 74 (Oct. 20). A later scoop will become the first delivered to the Sample Analysis at Mars (SAM) instrument. While continuing with scooping activities at the "Rocknest" site, the rover also has been examining surroundings with the Chemistry and Camera (ChemCam) and Mast Camera (Mastcam) instruments, and monitoring environmental conditions with the Radiation Assessment Detector (RAD), Rover Environmental Monitoring Station (REMS) and Dynamic Albedo of Neutrons (DAN) instruments of its science payload.

Sol 75, in Mars local mean solar time at Gale Crater, ended at 8:58 a.m. Oct. 22, PDT (11:58 a.m., EDT).

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/space_time/nasa/~3/lhjggGV1WyE/121022191228.htm

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Officials: 6 hurt in overnight clashes in Beirut

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Source: http://news.yahoo.com/officials-6-hurt-overnight-clashes-beirut-054526705.html

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Successful VC Raises - Building the Team | BusinessBlogs Hub

Most people go into a venture capital raise thinking that all they need is their accounts complete, a basic business plan and a great company.

Obviously that is the starting point but in order to complete a strong and relatively fast raise is to gather a strong team of professionals around the company in order to get it up to speed before any information memorandum is released to prospective investors.

The key areas that need covering are the legal and accountancy documents. Most companies have a good relationship with individual companies that have been great to start their business with. But when you are taking a company to a prospective new shareholder who may own companies that are worth hundreds of millions of dollars, they are expecting a standard of international quality.

The accountants who can provide a high standard of documents will be capable of developing a financial model. This means that they will be able to provide cash flow models for the investor to review up to 5 years forward. This is an expected outcome for the average investor to review. Normal company returns and profit and losses will be required as well. But a lot of accountants who are great for GST and PAYE returns are not always equipped to do the financial modelling required and therefore another firm should be sought. Your investment professional should help you with this service they should have two or three companies available to you for review.

Secondly legal documents need to be reviewed and especially trademark issues and intellectual property issues. Also shareholders agreements and any contracts the company has entered into need to be thoroughly reviewed. So the lawyer that is good for your house to be conveyed is not always the lawyer that has the information you need to complete a deal around your companies intellectual property for an online entity, for example.

Next you need to look at the branding and imaging of the company, this is key to the value of what you are presenting to the market (this is in reference to start up and high growth early stage investments). If you already have a strong existing brand it may still require a refresh if it has not been looked at for 3-5 years.

Other team members may include, brand PR, communication and marketing strategists, social media advisors and banking professionals with regards to debt funding for future expansion or property buying opportunities.

Once the team has been assembled you need a third party to co-ordinate the efforts of all those involved. Sometimes the initial raise instructions will come from an accountant or lawyer or even the bank introducing a prospective investor. But the team leader for the raise is best advised to be a trained professional, third party catalyst or broker who can step back from the company once the deal is done. Often with someone who has to advise the company on legal or accounting matters there is a major conflict of interest at some point in the deal that disqualifies them from being truly impartial.

Lastly you need to assemble a group of advisors for the long term for your company, if you are trading under $5million this will probably not be a professional director it may simply be someone who has helped mentor you or the company already. Some investors will sit on advisory boards in the bid to help the company grow to a point where they can make a more significant financial contribution. Above all the board members need to have some wisdom, patience and strong backgrounds in your type of business or a start up company they have taken into high growth. People with corporate backgrounds are great for larger deals but they often don?t understand the stress that smaller companies go through and therefore may be too risk adverse to help the company through a high growth period. This isn?t a hard and fast rule as some top managers are genuinely great leaders and therefore will be outstanding at helping you rally the troops to take the whole group forward for the win.

All of this takes time, although raises can be closed in a month, you are best advised to allow at least three months to get this 360 degree group around the table together and assist you in preparing the company strategically for the growth ahead.

A mature investor will recognise the wisdom of this type of spending and see you structuring for the long term and high turnovers. These are all strong buy signals and accepted also as part of being ?investment ready?. They as company owners themselves know that, if you don?t do it for yourself, they will have to do it with you. This is often why they do not come in to invest because it will take too much time and effort on their part to get the company restructured for growth.

So go through an inventory of all these areas and see how they stack up:

  1. appropriate person to act as third party for the raise
  2. strong level of accountancy advise
  3. legal advisors who can direct you over trademarks and IP
  4. strategists as appropriate for PR, marketing, branding etc.
  5. good mentors and advisors on your board

Now you are ready to go to the market, with your game face on.

  • Tips for Building Your Team
  • A Winning Team
  • 10 Tips To Hire Your Business Legal Advisor
  • Picking winners for your marketing/sales team is easy!
  • 10 Tips To Hire Your Business Legal Advisor
  • Source: http://www.businessblogshub.com/2012/10/successful-vc-raises-building-the-team/

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    Things To Avoid When Looking For a Commercial Real Estate | Eric ...

    If you?re going to invest in commercial property, have some idea about what type of commercial property you are considering. You could up breaking the bank if you don?t invest wisely. Keep reading for tips to help you make informed decisions in your commercial investments.

    Maintaining and cleaning commercial properties can be costly, but occasionally it is possible to save money. If you own the property, you?re usually responsible for cleaning up or paying for it. It can cost a fortune to clean the environment and dispose of waste. Consider contacting an environmental assessment company to provide you with an environmental report. There will be fees involved; however, the savings overall will justify the expense.

    Location is crucial when it comes to commercial property. When investing in a property, consider what type of neighborhood it is located in. Don?t forget to check out similar areas as well, in order to see how other neighborhoods are growing economically. If you make an investment in real estate, it is in your best interest to ensure that your property is in an area that will still be growing in five to ten years.

    TIP! To find a trustworthy real estate firm, inquire about their methods on how they make a lot of their money. Their answer should be discussed openly.

    This is necessary in order to confirm that the terms reflect the rent roll as well as the property?s documentation. If you fail to check out the terms, you might find something that is at odds with the rent roll and make the pro forma unreliable.

    Keep watch for sellers who are looking to get rid of their properties quickly. You have to look for them, particularly the sellers who are willing to sell for less than the market price. Nothing happens at all in the world of real estate unless you unearth a potential deal, which is a discovery typically promptly followed by meeting a motivated seller.

    You must absolutely confirm that your real estate?s asking price is realistic. Different variables can have an impact of the value of a lot.

    TIP! Make sure you have sufficient utility to access on any commercial piece of real estate. The property must have access to electric, water, sewer and maybe gas for it to be a viable commercial real estate purchase.

    Look into any potential environmental problems before you buy. Hazardous waste materials emitted from property can be a real headache for property owners, so identify the problems before they start with a thorough inspection. As an owner of property, you must have these issues corrected no matter if you caused the problem or not.

    Tax Adviser

    Talk to a good tax adviser before buying anything. A tax adviser can tell you what your tax liabilities are on the purchase and future income from it. Work closely with your lawyer to find a place where you can buy property and your taxes will cost less.

    TIP! Use detailed photos to create this documentation. Include all the defects in the photo, such as carpet stains, or holes in the walls.

    When choosing brokers with whom to work, find out the amount of experience they have dealing with commercial properties. Make sure that the agent has the proper expertise with the type of real estate purchase or sale you are looking for. With that broker, you also want to enter into exclusive agreements.

    Real Estate

    As you?ve seen from these tips, it is very possible to achieve success in real estate investing. In the real estate market, things like dedication, technical knowledge and skill will go a long way. Not everyone will be a success, but using the tips above, you can improve your chances at being successful.

    TIP! When financing for commercial real estate investments, you need to make sure that you have your financial statements on hand. If you don?t have these, financial institutions are unable to determine your fiscal responsibility, meaning they?re within reason to pass you over.

    Source: http://www.maynaseric.com/things-to-avoid-when-looking-for-a-commercial-real-estate-3

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