Would you to become an inventor and own patents worth millions ? Yoshiro Nakamatsu, who bills himself as the Thomas Edison of Japan, hopes to open a school that will teach people how to create new products. Yoshiro Nakamatsu is the president of Tokyo’s Hi-Tech Innovation Institute and claims to have 3,042 patents over his inventing career. Nakamatsu’s net worth from royalties from his inventions is estimated at $75 million.

At the age of 5, with encouragement from his grandfather, Nakamatsu invented a stabilizer to make planes fly better. He was granted his first patent at age 14. Since then, he has licensed 16 patents to IBM, including one for his 1952 invention of the floppy disk for personal computers. Some of Nakamatsu’s other inventions and what he claims they do include the following:

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Businesses that use equipment to provide goods or services must maintain that equipment. These businesses usually follow one of three maintenance philosophies:

1. Corrective maintenance
2. preventive maintenance
3. predictive maintenance

Corrective maintenance

Under this philosophy, equipment is repaired when the equipment breaks down. It would be similar to you replacing your car’s engine every time it froze up because it needed an oil change. Companies that use corrective maintenance don’t want waste time performing maintenance until there is an actual failure. Unfortunately, an unplanned machine failure can cause significant disruptions. Such disruptions include unplanned stops in production, delays in waiting for replacement parts and additional repair due to broken machine components. Because of this, many consider corrective maintenance a poor philosophy.

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Strategic planning is essential for successful business. The strategic plan, which is the starting point for developing operating budgets, involves five steps:

1. Define the company’s purpose, vision and mission.The purpose of the company is the reason it exists. For most companies, this purpose is to maximize share-holder value by maximizing profits. The vision of a company is how it plans to achieve its purpose. The mission of a company represents the specific manner in which the company plans to achieve its purpose and vision.

2. Set specific performance goals that are consistent with the company’s purpose, vision, and mission. For example, a specific performance goal might be to earn an 18% rate of return on stockholder’s equity for the coming year.

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One of the most powerful financial institutions in the United States is the Federal Reserve System, often referred to as the Fed. The Federal Reserve System consists of twelve district banks located in the following cities: Boston, New York, Philadelphia, Cleveland, Charlotte, Atlanta, St. Louis, Chicago, Minneapolis, Kansas City, Dallas, and San Francisco. The Fed’s overall operations are coordinated by a seven-member Board of Governors headquartered in Washington, D.C. Four key activities of the Fed are (1) carrying out monetary policy. (2) setting rules on credit, (3) distributing currency and (4) clearing checks.

The Fed carries out monetary policy in three ways. First, the Fed’s open-market operations involve the purchase and sale of government securities. For example, when the Fed buys U.S securities in the open market, it puts money into the economy. Second, the Fed sets requirements for reserves that member banks must maintain on deposit. These reserves are unavailable for loans or other investments. Current reserve requirements range from 3% to 10% of a bank’s deposits. Third, the Fed sets the discount rate. This rate is the interest rate that the Fed charges member banks for loans. The discount rate is often quoted in the financial press. It indirectly affects the interest rates that member banks charge customers on credit card balances, home mortgages and other types of loans.

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After a long time I didn’t do anything for this blog, now I’m going to write and post again at this blog. I don’t know why, for at least a month I didn’t do anything for this blog. I just blog walking, surfing, browsing, etc. I think I just waste my time, Wheuwh, How stupid I’m ?

But, for a month ago which I spend my time with “dumb activity”, I have found a lot of lessons. Not just from person that I have met, but also from any event that I have found. That experience make me feel better to make my life more and more meaningful than before.

I can’t write and post at here about that experience, but the truth is Lets make our life more meaningful and don’t waste your time because time is a life. So Lets start again.