Business and Investment Center

A properties-driven organization is one that recognizes it has certain properties of which it must take daily advantage. Those properties can be intangible or tangible. An intangible property of a company is its good name or its reputation. At sale time a company with an outstanding professional reputation brings more on the auction block than a company with a disreputable past. You are worth as an honorable company with a good reputation more than one noted for sleazy management practices and a terrible reputation in the marketplace. A markup of 10 percent to 15 percent is often added to the sale price of a great company because of this intangible property. This whole concept of intangible property eventually leads to a discussion of reputation.

A second type of properties-driven organization pays attention to its tangible assets. Any organization that must lease, rent, or barter out its physical assets or intellectual capital on a revolving basis is properties-driven. They don’t want any distractions that will divert you to their competition. Properties-driven organizations must never forget that ease of doing business is the separator between them and their competition. Their television ads gleefully point out how the competition inconveniences you. Properties-driven companies understand the value of their capital assets. Those properties are the core of their income generation. They are the center of their universe. Because the properties are subject to daily use and abuse, great attention is given to the maintenance of the equipment. The path of business failures is lined with companies that simply didn’t understand that having the wrong focus kills as quickly.

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Many professionals, including lawyers, doctors, researchers, corporate executives, and authors, prefer to dictate notes, letters, and drafts of articles, speeches, and books. Corporate and government committees often seek transcripts of meetings. Academic institutions may want a transcript of a speech. It often makes economic sense to hire a professional transcription service for temporary or project-based work. In that case, there is a job as transcription service. This job works to transcribe taped or digitally recorded memos, notes, and manuscripts to a computer file or printout. The transcription service also performs basic spell-checking and editing on files.

For the charge of the service, you can decide or give a charge by the hour for services at the prevailing professional rate in your area, which might range from about $15 to $40 per hour. Add a surcharge for rush jobs or work that must be performed over the weekend. You can also add charges for floppy disks or CD-ROMs you provide to the client, plus a reasonable charge for each printed page of the final product. If you are required to travel to an office, add a mileage charge. Add the cost of postage or courier service if used to deliver the work.

But, the important thing is that you have to remember, in dealing with your client’s property, you must seek to limit your liability for damage or loss to the actual replacement value of items in your possession. Besides that, you should protect yourself against damage claims for sentimental value or loss of use.

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