Aside from rigorously following our trade plan, we also void becoming emotional. If it is an emotional day, we do not hasten the pace of our trades. Every trader beginners or advanced make mistakes. We learn from out mistakes and learn from them. By keeping a diary of our trades, we get to monitor or learn something from out previous trade experiences. We could monitor our progress or it there is a slow progress.

When we learn how to control our emotional state, we develop a wealth mindset. The Neurolinguistic Programming or NLP is directed into having a wealthy and healthy mindset. Our brain is directed towards making more positive choices. With NLP, we don’t conform with the idea that everything is applicable for everybody. So in achieving a wealth mindset through NLP, it is by practicing the techniques in order to identify what is best and works for you and your needs.

Wealth mindset techniques may be different, but they have commonalities. There are wealth mindset techniques required 15 to 30 minutes of training and can be use immediately. While there are techniques that are repetitive exercises and can be done weekly. Some are once-only private processes that can later be accessed in any situation.

As a franchiser it is operative that one should have a better control with proper documentation. The software needed must be in place to monitor the operation to gain control over the business. To ensure the quality of the product in the hands of the franchise, provision of the similar types of equipment and the related back up is most important.

Business under franchise can be sustained if only the paper work is perfect in the form of sales contract with the transparent terms and conditions. As a prudent business man one should choose the right person for the franchise with relevant exposure in the field to avoid the reputation of risk and maintain the brand image.

In short the franchise gives the best opportunity to expand one’s business with lesser investment and supervision. Most of the leading business houses are mainly depending on this route to expand their business to maximize the profit.

IASB is the world’ leading accounting standard setter, which is almost followed in 100 countries. They have their office world over to facilitate the person involved to contribute and discuss the changes in the accounting standard on an ongoing basis depending upon the changing economic and business scenario.

IASB rules are mandatory in many European countries and the companies are invariably governed by the standard set by them. IASB rules are based on the clearly articulated principles and not by imposition.

The common standard arrived and communicated by them that helps in the international trade for easy understanding of the financial statements of different countries for better trade relations and decision.

As a banker I am certain that this is the high time that the financial institutions are brought under proper supervision and control by the various governmental organizations and the central banks. Again, it is imperative that an international consensus arrived to formulate certain policies to ensure proper monitoring of the functioning of the financial institutions on certain common frame of rules. Financial institutions should embark upon the dynamic provisioning against the eventuality by carving a portion of their profit. This will come to their rescue at the time of crisis and the liquidity will be curtailed to that extent to arrest the unhealthy credit expansion.

During good times the banks should accumulate substantial buffers and reduce the risk of bank failure at the time recession. An international agreement may be thought of in this line to increase the capital to maintain the health of the financial institutions. The risk management aspect should be given adequate importance in the matter of conducting the business. Capital requirement frame works for the banks must be taken for a revision taking into consideration of many banks in the USA, UK and Europe.