6 Causes of Miscommunication – Using Plain Language Effectively

Miscommunication ProblemsThe purpose of communication is to convey information from one person to another. Through the choice of written and spoken words, ideas, concepts, emotions, thoughts, and opinions are exchanged. Unfortunately, miscommunication is common – the listener or reader fails to understand what is said or written. Dale Carnegie, author of “How to Make Friends and Influence People,” said, “90 percent of all management problems are caused by miscommunication.”

When you consider the tensions between men and women, young and old, friends, and family members, it seems that most people are guilty of poor communication. But it’s possible to develop effective communication skills by learning how to speak and write simply and clearly, using plain language that’s easily understood by most people.

Common Miscommunications

“If you have time, try to mow the lawn this afternoon,” said the father as he walked out the door to go to his office. His teenage son, head down, concentrating on breakfast, grunts in reply, “Uh-huh.” To the father’s dismay, the yard remained untouched when he returned home. The son, when confronted by his angry father, excused his lack of action with the explanation, “You said ‘if I had time,’ and I was at the mall all day.”

This scene is repeated every day in thousands of homes across the country. The father was guilty of not saying what he really meant: His intent was to instruct his son to cut the grass that afternoon, even if that meant he had to rearrange his schedule or miss another activity. In an effort to avoid seeming controlling, the father added the false condition “if you have time,” expecting his son to interpret the underlying meaning of his statement. His son naturally focused on the conditional “if you have time,” rather than the direction ”mow the lawn.” As a consequence, both parties felt unfairly treated by the other.

Similar misunderstandings arise at work, in schools, on the playground, and at home. Whether in speaking or writing, misunderstandings arise due to poor word choice and the failure to realize that communication includes two equally critical components: the speaker and the listener, or the writer and the reader. As the NBA Hall of Fame coach of the Boston Celtics Red Auerbach said, “It’s not what you tell them…it’s what they hear.”

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7 Tax Tips for Expats Teaching ESL Overseas

This article first appeared on esl101.com on December 11, 2013.

various moneyWorking and living overseas is an adventure that few Americans get to enjoy. An estimated 6.3 million worked abroad in 2012 – many lived in exotic places, immersing themselves in a new culture often very different from that of the United States. But one obligation shared by U.S. citizens everywhere is the requirement to file and pay U.S. income taxes, regardless of domicile.

The United States is the only industrialized nation that taxes its overseas citizens, even if they are paying taxes elsewhere. As a consequence, if you are an expatriate – an American citizen living abroad – you should be aware of the income tax laws affecting you, as well as the opportunities you have to minimize their impact.

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Does the Bell Toil for Independent Mortgage Brokers?

This article first appeared on NationalMortageProfessional.com on November 18, 2013.

Bells.To paraphrase John Donne’s famous line, “Don’t ask whether you will be affected by the ongoing changes in the mortgage market—you will be.” The recovering but still nascent U.S. economy, the assault upon former industry practices and the uncertainty of the government’s future role in residential housing will severely challenge the capability of large wholesale correspondent lenders to adapt to the new market conditions.

According to the Mortgage Bankers Association’s (MBA) 2012 year-end forecast, overall mortgage volume is expected to drop from $1.7 trillion to $1.08 trillion in 2014. In addition, the ratio of refinance to purchase mortgages will essentially flip-flop, as refis decrease from 71 percent to less than 35 percent of total new mortgages in 2014. Since the bulk of refinancing occurs in the Big Four (Wells Fargo, Citibank, JPMorgan Chase, and Bank of America), they will be hurt to a greater degree by the product shift than their smaller competitors. In fact, the lower volume and the fundamental structural change provide extraordinary opportunities for independent local and regional mortgage competitors to prosper.

Pressures on the Big Four

According to a 2012 study by Harvard Business School professors Robin Greenwood and David Sharfstein, the growth of residential mortgages from 34 percent of the gross domestic product (GDP) in 1980 to 79 percent of GDP in 2007 was spurred by the tremendous profits in the financial industry from fees, as well as the growth of a “shadow banking” system with loose or non-existent regulations.

The subsequent failure of the sub-prime mortgage market and resulting loss of confidence in the larger financial entities to self-regulate have had several results:

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For Inventors: How to Monetize Inventions (Financial Arrangements)

This article first appeared on IPWatchdog.com on November 9, 2013.

inventorAs any viewer of “Shark Tank” can attest, the variety of financial arrangements which are negotiated between inventor entrepreneurs and investors is broad. A final agreement is always the result of negotiation between the two parties. Unfortunately, many inventors go into the gunfight with a knife, so to speak, over-matched and under-prepared.

Unless you are a veteran of previous negotiation and thoroughly understand the potential value of your invention, you would be wise to engage the services of an attorney and/or a firm who has previously negotiated financial transactions for similar inventions. You don’t want to leave money on the table, nor do you want to have an unrealistic view of your work. Expert assistance can help you avoid either outcome.

The following descriptions are by no means exhaustive, but represent a sample of the strategies you might employ in order to monetize your work:

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