How Commercial Banks Create Credit or Money

By creating credits we mean the process whereby commercial banks, make it possible for more deposits to be made through loan and this process of creating credits is also called creation of money or money creation. By granting loans to their customers, commercial banks increase the purchasing power of the borrower and also increase the volume of money in circulation. Commercial banks use current account as basis of creating credit or money. However, it is not possible for one commercial bank to create credit or money. For credit or money to be created, the entire banking system, will have to be involved.

Commercial banks are required by law to keep certain percentage of their deposits with them. This percentage kept with them is known as Cash ratio or Liquidity ratio or Cash reserve. This is done in order to protect customer's deposits and prevent bank crisis. This percentage of cash ratio banks will keep is fixed by the central bank, and varies from one country to another. Assuming the central bank fixes 10% as the cash ratio, it then means that for every deposit a bank receives, 10% of the deposit must be kept in the bank while the remaining 90% can be given out as a loan or overdraft by the bank. This 10% cash ratio is kept or reserved with the bank in order for the bank to meet up with customer's withdrawals. There are other methods by which commercial banks generate credit, for example the death of a customer, by government policies, by the sale of receipts and treasury bills, and also by selling shares to customers and the entire public.

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How To Create More Money FAST

Do you ever find yourself thinking, "I know I should be making more money" … and yet it just isn't showing up? There's a level of income you're trying to create, but the universe seems to be on its own slower-than-slow timeline. You wonder whether you're putting blocks in your own path, or exactly what's happening?

Riley Diess is a decorated veteran turned motivational speaker. She has a natural talent for inspiration, and whenever she delivers a keynote speech, people are lined up for blocks to talk to her. With her rave reviews, and stellar referrals, she wonders, "I honestly couldn't work any harder, or any more diligently! But isn't there a way to make this money-thing go faster? Am I somehow blocking my own success ? "

A lack of revenue could be for a million reasons … from our marketing message to our advertising budget to the employees we engage. It could also be from outside forces, like the market conditions we experienced back in 2008 and 2009.

If we're freelancing for other companies, a lack of a strong income could be from economic conditions like election years or foreign policy concerns … or it could come from something closer to home like mismanagement or a lack of vision of the company we work for … it could even be that we're under-qualified or over-qualified as compared to other freelancers or competitors.

So a lack of revenue can get down to a number of different reasons. But underneath it all, there's really only one reason we don't have affluence:

It's because we're focused on LACK.

If we're thinking about what we don't have, that vibration of what we don't have creates our reality.

The more we focus on prosperity thinking, the more prosperity will find its way to us. That's about as simple as it gets! This is what Riley started doing quite successfully, and you can too. (In this podcast episode, we'll even learn how to hold on to the "bigness" of a money goal, but not create a vibrational barricade to receiving it.)

Suggestion: When you're feeling stuck, it's never the situation that has you stuck … it's your energy that's become stuck, by the trigger of negative emotions that can come from past situations or events.

In other words, it isn't the pain of the situation; It's the pain of not being connected in the natural energy of who you really are … of being connected to that magical part of you that's a creative vibrational being who can use positive energies to create what you want and bring it into physical manifestation. Part of this process is to allow your manifestations to materialize, and not get stuck in the negative vibrations that block them.

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How to Create a Personal Leadership Development Plan

Many people think that management and leadership go hand in hand automatically. But just because you are a manager does not mean that you are a leader. Many management techniques are being thrown out the window in favor of leadership skills. But making the transition between manager and leader can be difficult for some. The best way to become an effective leader is by creating a personal leadership development plan.

The first thing that you need to do to create a personal leadership development plan is to understand the difference between management and leadership. While some do not see the difference, others cannot explain it. Quite simply, management is something that you do. It is a career. Leadership is having strength and courage in your convictions, and the ability to see those convictions manifest in reality.

So what are your convictions? You may think that you know what you believe in, but it is important to take a step back and actually list your beliefs and values. There are many assessments available that can help you do this. This important step in creating a personal leadership development plan will likely teach you things about yourself that you yourself did not realize were true. It may seem like a waste of time, but until you know what your convictions are, you cannot manifest them in reality through effective leadership.

Once you have a clear understanding of your convictions, you need to apply them to your organization. Do not look at numbers and people. Look at the overall purpose and mission of the company. Then, narrow your view to your team, and finally yourself. If you do not see your values ​​and beliefs reflected in your actions, the actions of your team, and the actions of the company, then your work is cut out for you.

When creating your personal leadership development plan, first outline your beliefs, ethics, and values. Then, outline the ways that those beliefs, ethics, and values ​​show in your actions within the organization. Are there ways that you need to improve? What support does your team need to obtain personal and organizational success that you have failed to give them? After all, their success is your success. Write down all of your thoughts and ideas for manifesting your convictions in the reality of your team and organization. This is the bare bones of your personal leadership development plan.

Next, do your homework. Talk to your employees, team members, customers, and suppliers to learn what more you can do or be that will assist you in manifesting your convictions and your personal leadership development plan. Sit back and listen to the ideas and feelings of others. This is the only way that you can learn from other perspectives what is needed for organizational or team success. Until you are aware of the changes that need to be made, you will not be able to make any changes for the common good of the organization and your employees.

Remember that …

How To Create An Effective Business Development Strategy

The Business Development Strategy is used to underpin your main Business Plan and essentially it sets out a standard approach for developing new opportunities, either from within existing accounts or by proactively targeting brand new potential accounts and then working to close them.

This document highlights the key issues you should consider prior to compiling your own plan and will hopefully guide you logically through a proven framework.

The key word is 'Strategy', because you are creating a workable and achievable set of objectives in order to exceed your annual target.

Your Starting Point:

The key words are Who? What? Where? When? Which? Why? How?

For example:

Who – are you going to target?

What – do you want to sell them?

Where – are they located?

When – will you approach them?

Which – are the appropriate target personnel?

Why – would they want to meet with you?

How – will you reach them?

If you have conducted regular account reviews with your key accounts during the previous twelve months, you should be aware of any new opportunities that will surface during the next twelve months. You will also, when assessing what percentage of your annual target usually comes from existing accounts, need to review data over the last two or three years. (It is likely that you can apply Pareto ie 80% of your business will probably come from existing accounts and in fact 80% of your total revenue will come from just 20% of your customers / clients)

You will be left with a balance – ie "20% of my business next year will come from new opportunities" – therefore you can then begin to allocate your selling time accordingly.

Ideal Customer Profiling:

Pro-active business development demands that we create an ideal target at the front end – ie an "Ideal Customer Profile." The essential characteristics you will need to consider are:

– Industrial Sector

– Geographical Location (Demographics)

– Size of organizations (Turnover, number of employees etc)

– Financial Trends

– Psychographics – ie Philosophical compatibility

Many strategic sales professionals merely profile their best existing clients and try to replicate them – there's nothing wrong with doing this but we should always remember that we are seeking an IDEAL and we can always improve on what we already have.

'New' Opportunities From Within 'Old' Accounts:

Because it costs approximately ten times as much, to first locate and then sell to a new customer as it does an existing one (although these costs are rarely reflected in the cost of sales), it is essential that we fully develop our existing accounts working upwards, downwards and sideways, thus making the most of the (hopefully) excellent reputation we have developed already.

Most corporate accounts have several divisions, departments, sites, even country offices and you must satisfy yourself that you have exhausted every possible avenue. Don't be afraid to ask the question " Who else should I be talking to in your organization"?

This is an extract from my FREE

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