/HFWXUH
/HFWXUH
/HFWXUH
/HFWXUH
±
±
±
±6ROXWLRQV
6ROXWLRQV
6ROXWLRQV
6ROXWLRQVWR
WR
WR
WRWKH
WKH
WKH
WKH3UREOHP
3UREOHP
3UREOHP
3UREOHPRI
RI
RI
RI2UGHU
2UGHU
2UGHU
2UGHU
x
x
x
x6RFLHW\
6RFLHW\
6RFLHW\
6RFLHW\DQG
DQG
DQG
DQGWKH
WKH
WKH
WKH,QGLYLGXDO
,QGLYLGXDO
,QGLYLGXDO
,QGLYLGXDO
7KHUH DUHWZRVWDWHPHQWV
VRFLHW\LVWKH SURGXFW
SURGXFW
SURGXFW
SURGXFWRI KXPDQDFWLYLW\
LQGLYLGXDOVDUHWKH SURGXFW
SURGXFW
SURGXFW
SURGXFWRI VRFLHW\
7LPHVLWXDWLRQ '\QDPLFSURFHVV:H FUHDWHVRFLHW\DQG RYHUWLPHSHRSOH DUHERUQLQWRLW DQG
FKDQJHG E\ WKDWVRFLHW\7KRVHSHRSOHLQWXUQFKDQJH VRFLHW\7KXV ZH DUH FRQWLQXDOO\FUHDWLQJ
VRFLHW\6RFLDORUGHULVQRW JXDUDQWHHG LW PXVWEH FUHDWHG
,QGLYLGXDOVDV&UHDWRUV
HJ
HJ
HJ
HJ 5RELQVRQ &UXVRH3RS FXOWXUH HTXLYDOHQW*LOOLJDQ¶V,VODQG
)ULGD\DQG &UXVRH FUHDWHVRFLHW\IURP VFUDWFK 7KH\FUHDWHUXOHV(YHU\)ULGD\ZH¶OO HDWILVK
2YHUWLPHILVKEHFRPHVLQVWLWXWLRQDOL]HGDQG QRUPDWLYH,WEHFRPHVP\WKRORJL]HG WKH KXPDQ
RULJLQV RI WKH FXVWRP DUHKLGGHQ 3HRSOHXVHGWRHDWILVK RQ DVSHFLILFGD\EHIRUHEHFDXVHWKHUH
ZDVQR UHIULJHUDWLRQ DQG ILVK JRHVEDGIDVW WKXVWKH\PDGH XS DUHOLJLRXV UHDVRQ IRU LW
(YHQWXDOO\\RX PLJKW JR DVIDUDVWRKDYH D ³ILVKSROLFH´ FRQVWUDLQLQJ IRUFHPDNLQJ VXUH
HYHU\RQH HDWVILVK RQ )ULGD\V0RGHUQGD\HJVPRNH SROLFH &DQDGD*UHHQSROLFH &RORPELD
,QGLYLGXDOVDV3URGXFWV
6RFLHWDOPHWDSKRU%XV
3HRSOHJHWRQ ERUQ DQG RII GLHWKH EXVDQG WKH\FDQFKDQJH ZKHUHWKH EXV LVJRLQJ
7UDLQV DQG SODQHVDUHQRW DJRRG PHWDSKRU VLQFHWKH\KDYH DVHWFRXUVH$EXV FDQ¶WJR RIIURDG
HLWKHUQRW DMHHS LHWKHUHLVOLPLWVWRZKDW\RX FDQGR EXW \RX FDQVWLOO JR DURXQG
x
x
x
x$UH
$UH
$UH
$UH WKHUH
WKHUH
WKHUH
WKHUH FXOWXUDO
FXOWXUDO
FXOWXUDO
FXOWXUDO XQLYHUVDOV"
XQLYHUVDOV"
XQLYHUVDOV"
XQLYHUVDOV"
HJ
HJ
HJ
HJ ³(YHU\ERG\ HDWV´LVQRW RQHVLQFHLW LVWRR YDJXH7KHUH DUHYDULDQFHVRQ KRZZKHQ KRZ
RIWHQ 3OXV HYHU\RWKHUVSHFLHVLQWKH SODQHWGRHVLW
7HQWDWLYH DQVZHU<HVWKHUH DUH FXOWXUDOXQLYHUVDOVEXW WKH\DUHQRW YHU\VSHFLILF
HJ
HJ
HJ
HJ
,QFHVW WDERR &XWWLQJ OLQH YDULHV VLQFHLQVRPH FXOWXUHUR\DOW\LQFHVW LVRN KRZ IDUDORQJ
IDPLOLDULW\WR GR \RX WUDFH WKH OLQH FRXVLQVVHFRQG FRXVLQV"
HJ
HJ
HJ
HJ
9LROHQFHLQ
LQ
LQ
LQWKH JURXS 'RHVQRW DOZD\VZRUNUDSHYLROHQFHLQIDPLO\
HJ
HJ
HJ
HJ
)XQHUDOVLHPRXUQLQJ&KDQJHVRYHUWLPH%HIRUHLQWUDGLWLRQDO,UHODQG ZRPHQZHUH
VXSSRVHGWRPRXUQDQG ZHDUEODFNIRU D\HDU DW WKH VDPHWLPHWKH\ZRXOGVKRZ VRPHRI WKHLU
EUHDVW WRVKRZ WKDW WKH\ZHUH DYDLODEOHVRRQ1RZZRUNUHJXODWLRQV DOORZ \RX WRWDNH GD\V
RII IRU D FORVHUHODWLYHRQH GD\IRU HYHU\RQH HOVH0RXUQLQJ LVQRW XQLTXH WRKXPDQV(OHSKDQWV
PRXUQ HVSHFLDOO\ZKHQPDWULDUFKGLHV7KH\ZLOO VWLOO FRPHEDFN \HDUVODWHUWRWKH ERQHVDQG
KROGWKHP
$UHWKHUH HPHUJLQJ FXOWXUDOXQLYHUVDOV"
+XPDQULJKWVZHKDYH DORQJ ZD\WR JR EXW ZRUNLQJ RQ LW
9LUWXDOO\DOO VRFLDOSUDFWLFHVDUHUHODWLYH
UHODWLYH
UHODWLYH
UHODWLYH
/DUFHQ\LQFHVWLQIDQWLFLGHSDUULFLGH
www.notesolution.com
(WKQRFHQWULVP
(WKQRFHQWULVP
(WKQRFHQWULVP
(WKQRFHQWULVPWKH WHQGHQF\WRMXGJHRWKHUFXOWXUHVE\ WKH VWDQGDUGV RI RQH¶VRZQFXOWXUH
:H DUH DOO HWKQRFHQWULFWRVRPHGHJUHHHJ
HJ
HJ
HJ IRRG SUHIHUHQFH
6ROXWLRQV
6ROXWLRQV
6ROXWLRQV
6ROXWLRQVWR
WR
WR
WRWKH
WKH
WKH
WKHSUREOHP
SUREOHP
SUREOHP
SUREOHPRI
RI
RI
RI RUGHU
RUGHU
RUGHU
RUGHU
5HFDOO
5HFDOO
5HFDOO
5HFDOO7KUHDWVWRVRFLDORUGHU
(JRWLVP
,QHTXDOLW\
0HDQLQJOHVVQHVV
6ROXWLRQV
6ROXWLRQV
6ROXWLRQV
6ROXWLRQVWR
WR
WR
WRSUREOHP
SUREOHP
SUREOHP
SUREOHPRI
RI
RI
RI RUGHU
RUGHU
RUGHU
RUGHU
6RFLDOL]DWLRQ
6DQFWLRQV )RUFH
([FKDQJH
(PRWLRQ
x
x
x
x6ROXWLRQ
6ROXWLRQ
6ROXWLRQ
6ROXWLRQ
6RFLDOL]DWLRQ
6RFLDOL]DWLRQ
6RFLDOL]DWLRQ
6RFLDOL]DWLRQ
,QGLYLGXDOVPXVWEH VRFLDOL]HG
,QGLYLGXDOVQRW VRFLDOL]HG
HJ
HJ
HJ
HJ )HUDODQG QHJOHFWHGFKLOGUHQ FKLOGUHQUDLVHG E\ DQLPDOV,I ZHGLVFRYHUWKHVH FKLOGUHQZH
FDQVDYH WKHPXS WRD FHUWDLQDJH a DIWHUWKDW WKH\FDQ¶W OHDUQWRVRFLDOL]H SURSHUO\
6RFLDOL]DWLRQ 2UGHU &RQIRUPLW\FRQVWUDLQW
/HDUQEDVLFYDOXHVDQG QRUPVRI VRFLHW\VSHDNLQJ ZDONLQJ
,QWHUQDOL]DWLRQ JXLOW
,QWHUQDOL]H WKLV³LQ´WKH VHOI7KH\PRWLYDWHXV VXSHUHJR DQG VSULQJ XV WRDFWLRQ 2EH\RU IHHO
JXLOW\6HHNDSSURYDOIURP RWKHUV
&RQWUDVW WRRYHUVRFLDOL]HGFRQFHSWLRQ RI SHUVRQV
%XW +RZ 'HHS'RHV6RFLDOL]DWLRQ *R"
6DSLU:KRUI
6DSLU:KRUI
6DSLU:KRUI
6DSLU:KRUI7KHVLV
7KHVLV
7KHVLV
7KHVLV
([SHULHQFH
9HUEDOL]DWLRQ &RQFHSWXDOL]DWLRQ
ODQJXDJH WKRXJKW
3DUWÆÆRI WKH WKHRU\DUHXQFRQWURYHUVLDO([SHULHQFHRU HQYLURQPHQW LQIOXHQFHVWKRXJKW
DQG ZHPXVW WKLQN EHIRUHZHVSHDN 7KH ZD\ZHWKLQN DERXW VRPHWKLQJ DIIHFWVWKH ZD\ZHUHIHU
WRLW1RZWKH FRQWURYHUVLDOSDUW LVÆVLQFHLW VWDWHVWKDW ODQJXDJH GHWHUPLQHVFRQVFLRXVQHVV
DQG KHQFHRXU SHUFHSWLRQV RI UHDOLW\RXU H[SHULHQFH
EXW QRZLVDSHUVRQ¶VH[SHULHQFHRI VQRZ OLPLWHG E\ WKH QXPEHURI ZRUGV DYDLODEOHWRGHVFULEH
LW"7KH ,QQX KDYH ZD\PRUHZRUGV IRU VQRZ WKDQZHGR LQ(QJOLVK \HWRXU SHUFHSWLRQ RI VQRZ LV
QRW OLPLWHG E\ LW
<HWVWXGLHVKDYH VKRZQWKDW WKH JHQGHURI WKH QRXQ LQDQG RI LWVHOILQIOXHQFHVKRZ SHRSOHVHH
WKH WKLQJ WRZKLFKWKH QRXQ UHIHUV
www.notesolution.com