For many years, individuals have been risk takers as well as risk adverse. In climbing up the success ladder of achievement, many persons have endured many challenges in obtaining their short term and their long term goals. Every goal planned in any sport expects the risk of falling short of the expected and the anticipated goal. Some risk takers are willing to go the extra mile or more to achieve what is realistically obtainable.
In the business arena, the rookie entrepreneur establishes a business plan for the short term and the long term haul. However, when circumstances occur beyond the scope of the budding want-to-be owner, the strategies by the entrepreneur have to be flexible to meet the new criteria for succeeding in this very competitive environment. When the stakeholder invests in the new business, the stakeholder expects a reasonable return on investment of time, talents, and treasures. The track record for new businesses starting out today over a ten year period shows a 15 percent retention rate. That means about 85 percent of the new businesses fail within the first ten years. Yes, there is hope for the new entrepreneur in a free-competitive atmosphere that requests a "laizzez faire" approach and a "hands off " from governmental entities that strangle the innovative and the creative talents of the novice entrepreneur. These entrepreneurs are risk takers and create new and lasting careers for any free-economic system.
There are some greedy individuals who like to be paid by the use of premiums for securing and protecting risks that may or may not occur for businesses and for individuals. The insurer says that the statistics are on their side regarding the probability and the possibility of risks in any given instant or situation. Individuals and businesses are willing to pay premiums for the unexpected and the "Acts of God" that may or may not happen in the future. However, when too many claims are made by the policy holders, the insurers are unwilling to accept a reduction of their profits. When this situation occurs, the policy holder is informed that the policy has been dropped without much warning or that the premiums will be doubled, tripled, or more to satisfy the greedy risk protectors.
During the past six months, a good example of an alleged "scam" that has been surfacing is the proposals by many "questionable insurers" to provide extended warranty coverage for automobiles that have run out of their initial warranty. E-mails, telephone calls, and direct mailings have been sent to automobile owners focusing on the "fear" approach to get extended warranty insurance. A word to the wise is sufficient. If it sounds too good to be true, it is too good to be true! Use your judgment as you have done in the past. Work with reputable insurance providers cleared by the Better Business Bureau.
Another interesting "alleged practice by health providers" is to back bill patients for what a health insurance policy does not cover. For example, you receive a completed health insurance claim by your health insurance company. You read what the "health professionals" have requested for the claim, what the health insurance company actually allows for the claim, and what your co-payment is. If on subsequent statements by the health providers you notice unusual charges for their health services, you may want to check out the claim forms that you have received by the health insurer. If you notice a back charge for what the insurance did not cover, you may want to meet with the business office professionals to clarify these charges. In my experience, the health providers will work with you and correct these "incorrect" back charges.
Since there are so many risk challenges that we face everyday, be on guard to notice what is really your responsibility. Help make others accountable for their oversites and their "questionable" practices. Climbing the Achievement Ladder everyday gives us more opportunities to meet and to accept our risk challenges.
In the business arena, the rookie entrepreneur establishes a business plan for the short term and the long term haul. However, when circumstances occur beyond the scope of the budding want-to-be owner, the strategies by the entrepreneur have to be flexible to meet the new criteria for succeeding in this very competitive environment. When the stakeholder invests in the new business, the stakeholder expects a reasonable return on investment of time, talents, and treasures. The track record for new businesses starting out today over a ten year period shows a 15 percent retention rate. That means about 85 percent of the new businesses fail within the first ten years. Yes, there is hope for the new entrepreneur in a free-competitive atmosphere that requests a "laizzez faire" approach and a "hands off " from governmental entities that strangle the innovative and the creative talents of the novice entrepreneur. These entrepreneurs are risk takers and create new and lasting careers for any free-economic system.
There are some greedy individuals who like to be paid by the use of premiums for securing and protecting risks that may or may not occur for businesses and for individuals. The insurer says that the statistics are on their side regarding the probability and the possibility of risks in any given instant or situation. Individuals and businesses are willing to pay premiums for the unexpected and the "Acts of God" that may or may not happen in the future. However, when too many claims are made by the policy holders, the insurers are unwilling to accept a reduction of their profits. When this situation occurs, the policy holder is informed that the policy has been dropped without much warning or that the premiums will be doubled, tripled, or more to satisfy the greedy risk protectors.
During the past six months, a good example of an alleged "scam" that has been surfacing is the proposals by many "questionable insurers" to provide extended warranty coverage for automobiles that have run out of their initial warranty. E-mails, telephone calls, and direct mailings have been sent to automobile owners focusing on the "fear" approach to get extended warranty insurance. A word to the wise is sufficient. If it sounds too good to be true, it is too good to be true! Use your judgment as you have done in the past. Work with reputable insurance providers cleared by the Better Business Bureau.
Another interesting "alleged practice by health providers" is to back bill patients for what a health insurance policy does not cover. For example, you receive a completed health insurance claim by your health insurance company. You read what the "health professionals" have requested for the claim, what the health insurance company actually allows for the claim, and what your co-payment is. If on subsequent statements by the health providers you notice unusual charges for their health services, you may want to check out the claim forms that you have received by the health insurer. If you notice a back charge for what the insurance did not cover, you may want to meet with the business office professionals to clarify these charges. In my experience, the health providers will work with you and correct these "incorrect" back charges.
Since there are so many risk challenges that we face everyday, be on guard to notice what is really your responsibility. Help make others accountable for their oversites and their "questionable" practices. Climbing the Achievement Ladder everyday gives us more opportunities to meet and to accept our risk challenges.
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