Information Power

The key to success in every aspect of life comes from setting measurable and attainable goals. Dreams may guide an objective but until practical plans are formulated all you have is the dream. Thoughts of winning a lot of money (lottery), inheriting a fortune or even just working hard are all just dreams that need to be transformed into more sensible statements. “I will work for a salary that allows me to invest ten percent of my disposable income in a lottery.”, “Because my family operates business I will work and educate myself to one day in the future lead that business.” or “I will work, continue to educate myself and invest fifty percent of disposable income in marketable securities (stocks, bonds and real estate).” These statements must be further expanded into detailed plans and strategies that define, firstly, what is meant by work, educate and invest, secondly, the time frame associated with particular tasks and most importantly, who will help or hinder specific actions.

Restaurant Business

The Restaurant business is a complex one comprising three different sectors; the Service Sector, the Trade Sector and the Manufacturing Sector, each with its own challenges. To succeed management must master costing and pricing issues in each of the three sectors and define the type and scale of the operation.


Service Sector, Entertainment Industry with a simple costing formula management can target the demographic (age group and disposable income) it wants to invite by creating the necessary ambiance, in which location is the key. This can range from a clean watch-the-cook, side walk café, food bar with specialty service staff and quick check-out to a full service, five star layout with in-house live-entertainment with special theme nights. The more combination of settings used the more difficult the costing formula and the pricing strategies; whether to charge an entrance fee, add a service charge on to the bill or absorb the cost into the bill.

Energy Issues

With the invention and wide usage of the circuit board in many personal devices and electric motors driving production, human beings have become as dependent on electricity as they are on water. Hence meeting the projected electricity generation needs is today’s biggest priority.

With battery technology becoming more efficient in its storage capacity and its ability to be transported, light weight smaller devices that are highly portable are presently available and transforming the communication industry and all other sectors dependent on communications. Soon with longer times between charges, larger equipment employing electric motors that can perform heavier duties will use electricity stored in moveable batteries, hence modifying both the transportation and manufacturing industries.

Life Intangibles

We all are very busy whether in our Personal, Professional or Business lives, but are we productive and to what end. The reward for productive activities is happiness and the greater level of happiness present is the only defense against life’s inevitable misfortunes. Lives cannot be strictly measured by the assignment of net worth or net asset values. Lives are, much more complicated, filled with more intangible issues.

Business relies heavily on managerial and accounting reports and to a lesser degree on its reputation to define itself and to build equity for future growth. Professionals also rely on financial and accounting reports but more on their reputation, defining themselves by the size of their clientele (people who seek their advice). Persons never use money or accounting methods to value childhood (the starting period of their lives) but rely a great deal on family name and reputation, gifts of birth. Hence, accounting reports should be used to guide monetary decisions towards (life’s top priority) building and maintaining a good name. Money from illegal or unethical activities will destroy the family name.