9 Personality Types of Entrepreneurs

9 Personality Types of Entrepreneurs9 Personality Types of EntrepreneursYour business personality schriftartencompassesthe traits and characteristics of your personality and how well those traits blend with the needs of the business.Several common personality types thrive in an entrepreneurial environment. Ninecommon types of entrepreneur personalities are described below. Begin by identifying your dominant personality traits so you can understand how you operate in your business and what you may need to do to become even more successful. 1. The Improver If you operate your business predominately in the Improver mode, you focus on using your company as a means to improve the world. Your overarching motto is Morally correct companies will be rewarded when working on a noble cause. Improvers have an unwavering ability to run their business with high integrity and ethics. Personality alert Be aware of your tendency to be a perfectionist and over-critical of employees and customers. 2. The Adviser This business personality type will provide an extremely high level of assistance and advice to customers. The Advisers motto is The customer is right and we must do everything to please them. Companies built by Advisers become customer focused. Personality alert Advisers can become totally focused on the needs of their business and customers that they may ignore their own needs and ultimately burn out. 3. The Superstar Here the business is centered around the charisma and high energy of the Superstar CEO. This personality often will cause you to build your business around your own personal brand. Personality alert Can be too competitive and are often classified as workaholics who find it difficult to take a vacation or step away for a break. 4. The Artist This business personality is the reserved but highly creative type, and is often found in businesses demanding creativity such asweb design and ad agencies. As an Artist sort, youll tend to build your bu siness around your unique talents and creativities. Personality alert You may be overly sensitive to your customers responses even if the feedback is constructive. 5. The Visionary A business built by a Visionary will often be based on the future vision and thoughts of the founder. You will have a high degree of curiosity for understanding the world around you and will set-up plans to avoid the landmines. Personality alert Visionaries can be too focused on the dream with little focus on reality. Action must proceed vision. 6. The Analyst If you run a business as an Analyst, your companyis focusedon fixing problems in a systematic way. Often the fundament for science, engineering or computer firms, Analyst companies excel at problem solving. Personality alert Be awareof analysis paralysis.Work on trusting others. 7. The Fireball A business owned and operated by a Fireball is full of life, energy, and optimism. Your company is life-energizing and makes customers feel that the company can get it done in a fun, playful manner. Personality alert You may over-commit your teams andact tooimpulsively. Balance your impulsiveness with business planning. 8. The Hero You have an incredible will and ability to lead the world and your business through any challenge. You are the essence of entrepreneurship and can assemblegreat companies. Personality alert Over-promising and using force full tactics to get your way will not work long term. Trust yourleadership skillsto help others find their way. 9. The Healer If you are a Healer, you provide nurturing and harmony in your business. You have an uncanny ability to survive and persist with an inner calm. Personality alert Because of your caring, healing attitude toward your business, you may avoid outside realities and use wishful thinking.Use scenario planningto prepare for turmoil. Each of these business personality types can succeed in the business environment if you stay true to your character. Knowing f irmly what your strong traits are can act as a compass for yoursmall business. If you arebuilding a team, this insight is invaluable. For the solo business owner, understand that you may need outside help to balance your business personality. Edited by Alyssa Gregory

How to make your mark when you enter a team

How to make your fruchtfleisch when you enter a teamHow to make your mark when you enter a teamFor most of us, working on projects and deliverables by ourselves is becoming increasingly scarce.We are constantly joining existing teams, forming new ones or otherwise meeting in groups.In fact,studiesof managers and knowledge workers reveal that they spend between 25%-80% of their time in meetings, suggesting that teamwork is a primary vehicle for the modern geschftlicher umgang today. And, meeting time has onlyincreasedsince 2008.Because a group takes on the chemistry of its collective members, each one has its own dynamic and requires you to think differently.Whats more, unlike the dreaded leaderless team a common form of torture inbusiness school most workplace teams have some kind of decision maker associated with them.That said, in every group setting you enter, youre leaving an impression of yourself.Id even go so far as to say thatmeetingsand group projects are part ofan ongoing audition for your job. Youre training other people how to see and treat you. When youre the new person on a team, it pays to have a strategy for how youll both assimilateandadd value.Consider these strategies as you make your mark and take control of your impression in groupsHave a point of viewYes, this might sound obvious. But, when youre the new person in a group, many people tend to play it safe and behave more like a student or observer, than an engaged member. In an interview I did onnext generation leadershipwith Shannon Herzfeld, Vice President of Government Relations atArcher Midland Daniels Company, Herzfeld recommended, Ask the tough business questions. Many younger women want to be helpful and nice rather than portraying themselves as someone who grows the bottom line. Make a critical comparison, highlight an industry trend or statistic, or inquire constructively about how a conclusion was reached.Make contact with the lead horseIf you want to be seen as a team member w ho has the teeth to handle tough problems, then dont act overly deferential to your teams leader. When I wrotePushback, I askedMarie Chandoha, President CEO ofCharles SchwabInvestment Management about this. She notlageed, I do a lot of work with horses and what Ive learned is that in a herd, theres always one dominant animal. Ive noticed that a new horse will have a short interaction with the leader rather early on. That shows that the horse is assertive. Its not a drawn out or continual interaction though there isnt a need to keep asserting power. Show faith in yourself by knowing youre worthy to make contact with high-ranking individuals and mentors. While being considerate of their time, ask them to expand on a topic they brought up or express your interest, experience or background in a key area.Assess the dynamics of the teamWhat you pay attention to on Day 1 with a team is undoubtedly going to be different than where you focus your energy after Year 1. Early on, you should be balancing making a mark with absorbingthe culture of a group.How do people communicate, make a point or disagree with each other?How evenly to people share the speaking platform? Once youre a more established team member, think about - with intention - how youre contributing to the team in terms of energy, mood, and outputs.Aim high and be honest if youre really executing on that vision.Executive coach Ann Daly PhD recently wrote about the power of being intentional before a meeting and noted, Early assertiveness becomes self-reinforcing within the group Projecting confidence inspires confidence.How you show up early on in a team situationleaves a lasting impression with those around you. Its not that you cant sculpt your personal brand once youve joined a group, but life will be much easier if you can get it right from the beginning.How have you joined a group and made your mark? Either the wrong way - or the right way?This article appeared on Be Leaderly.

Customize this Outstanding Restaurant Management Resume Template

Customize this Outstanding Restaurant Management Resume TemplateCustomize this Outstanding Restaurant Management Resume TemplateCrafting an excellent resume is the perfect way to demonstrate your unique skill set for the restaurant industry. Restaurants are always in need of skilled managers, and a resume provides an invaluable opportunity to display your qualifications to a potential employer.List previous restaurant work history in the experience section to distinguish yourself from other job seekers. Strong leadership skills and experience working in a team environment are valuable traits to put on your resume. Also, most management positions require a high school education, but you can list any additional courses related to leadership training in the education section.Take a look at the restaurant management resume template below to find more ways to create an effective resume. Create ResumeRenee Ellington100 Main Street, Cityplace, CA, 91019Home (555) 322-7337Cell (555) 322-7337 example-emailexample.comSummaryI will have my associates degree in December of 2013, with a few business classes. I have worked for Subway over two years. I am the assistant manager at Subway in Moscow Mills. I was also the acting manager for two months while the full time manager was out of the country. I have done all the requirements through corporate Subway to be a manager. I also do all daily requirements of the job and any left over manager tasks like inventory, deliveries, and scheduling.HighlightsStrong leaderSupervisory skillsHiring and trainingAdaptableStable work historyOperations managementAccomplishmentsWhile I was acting manager both cooperate inspections were very good.In less then a years time I was promoted twice.ExperienceSubway October 2012 to Current Assistant ManagerMoscow Mills, MissouriI am the teamberaterin over the night shift specifically. I do all the main tasks for the night including cash in, cash out, daily inventory count, prep, and also customer serv ice. I take over all other responsibilities when the manager is out of town. I do the weekly inventory count, do change order through the bank, unload truck, inter in deliveries, and making the schedule.EducationSaint Charles Community College 2013 Associate of Science Cottleville, MO, United StatesCoursework in Business, Restaurant and Hotel ManagementCustomize ResumeMore Food and Beverage Resume TemplatesExperienced Restaurant Management Resume TemplatesEntry Level Restaurant Management Resume Templates

Common Resume Mistakes that can lay a false impression

Common Resume Mistakes that can lay a false impressionCommon Resume Mistakes that can lay a false impressionWeve all heard that selection representatives hurl out resumes for something as basic as a grammatical error. Which is the reason its dependably a smart thought to have somebody edit it before you hit submit?Nonetheless, its notlage practical to motivate somebody to audit it after each and every change. In any case, it likewise doesnt change the truth that it gets extremely dubious to get alone slip-ups, particularly after a couple of alters.All in all, what would you be able to do? Endeavor to be as cautious and careful as could reasonably be expected, obviously. (Heres a guide for that.) Yet in addition be additional aware of these zones at whatever point youre altering it yourself.Slip-ups in Words in All TopsSpell-check is extraordinary, yet you cant simply depend on it. Experience your resumes and physically check all the spelling in words that are in all tops.Little Irreg ularitiesIn the event that you need to emerge (positively), you will need to focus on the points of interest so as to keep the whole record predictable. That implies diving into the quick and dirty points of interest and choosing whether or not you will have periods toward the finish of your projectiles or how you will design business dates. Thats right, that implies not exchanging forward and backward between dates that element months, years, or seasons.Make up a few principles for your resume and stay with them. Consistency will help make one that is less demanding on the eyes.Off base Contact DataWhile editing, a great many people skirt the name and contact information segment and go straight to the substance. You would believe that is not a major ordeal.Rationally influence a note to go edge to edge when you to edit your resume. Underestimate nothing.The Wrong Verb TenseIts least demanding to commit an error on the verb tense of your slugs when youre attempting to refresh an out dated variant with your latest achievements. Its regular to neglect to change more established encounters to past tense or switch forward and backward between basic current state and present nonstop tense. You probably wont see the strange tenses, yet a spotter unquestionably will.Complete a go through of your resumes where you simply verify whether youre utilizing the correct tense for every shot. Since it is anything but a spelling mistake and not, in fact, a sentence structure blunder, youll need to get these inconsistencies all alone.Absence of SettingPresumably, the hardest thing about altering your own particular resume is that you will dependably realize what you mean- regardless of whether you keep in touch with some extraordinarily unclear and incongruous sentences. Your objective, notwithstanding, is to ensure enrollment specialists and employing supervisors whove never met you or heard anything about your work history will comprehend what youve composed.Endeavor to take a gander at every projectile as a remain solitary element and check whether your shots bode well with no extra setting. It is anything but a flawless arrangement, yet its superior to not attempt.Employment looking can be a desolate procedure, and you need to depend individually on strength for a lot of it, yet occasionally youll find the opportunity to get an additional match of eyes on your resume. Take it. Whats more, until at that point, remember these five pointers each time you have to change it a bit.

The Do This, Get That Guide On Musical Resume

The Do This, Get That Guide On Musical Resume These are high value qualifications that canbedrngnis be ignored. Developing your resume is vital. Then, simply comply with the format. Combine soft and difficult skills. Why Almost Everything Youve Learned About Musical Resume Is Wrong Dont forget that you will pattern your actual resumes employing these samples so be wary in deciding on the perfect one. These are prepared for down load, if you need and would like to obtain it, just click save symbol on the www page, and itll be instantly downloaded to your desktop computer. The themes are made in such a manner they make the resume stand out. If youre using mobile phone, you may also utilize menu drawer from browser. The Benefits of Musical Resume Two pages are somewhat more typical for non-performance positions when you get a substantial quantity. As a consequence, no 2 resumes will look the exact same. Odds are you could wind up not including some important regions and w hich include other individuals which arent that required. They are you might end up excluding some significant regions and which includes other folks that are not that required. Whispered Musical Resume Secrets It may be quite cumbersome making the resume from the start. Its been so valuable to my mid fifty year-old body. No matter your degree of work practical experience, your resume structure is vital to making your program stick out. Its a significant representation of Tomo. Who Else Wants to Learn About Musical Resume? The judging isnt open to the general public. All selections have to be memorized. If youre auditioning for a musical, youll have to highlight a range of. The layouts are made in such a way they make the resume get noticed. All About Musical Resume You dont have to play the next chord in the event the initial one doesnt sound good. Indian classical music is among the oldest types of music on earth. Uncommon understanding of music gained since young a ge. I play three distinct grooves for three unique tunes. Another distinctive facet of his routine is that he practices playing only 1 chord. For example, if youre well-versed in playing a particular instrument, then you must mention that in your resume. It requires practice to be a proficient musician. With so many choices out there, all students should have the ability to locate an extracurricular that they concert band, or work as a portion of the orchestra for your schools following musical. ur very first date is in New York. Dont forget that you need to only include your high school if you didnt attend college. A number of us have extensive training, some people have none whatsoever. His weekly lessons can be found in English and Japanese. The Downside Risk of Musical Resume Making your resume is vital. With this CV template, it only got a great deal simpler. Whether this Musician resume example was not sufficient for you, youre absolutely free to review a few oth er samples and templates from our website. See our guide to the way to compose a terrific LinkedIn profile. The Honest to Goodness Truth on Musical Resume Looking for employment at the moment is pretty challenging. Prospective employers will probably be scrutinizing the resume and might tell the type of person youre by what you involve and just how structured it seems to be. This offers you the freedom and flexibility to structure your document in a sense that will highlight your assets and give prospective employers a glimpse of what you have to give. In a lot of ways, your resume will be much more straightforward and easy to write. For young individuals who wish to create their own soundthe less material the better. We should probably get the well-known father from the way first. That isnt necessarily a terrible thing, but it is not simple when youre attempting to raise your craft. The class was challenging sometimes, but still was a good deal of fun In making your own, your target ought to be catching your readers interest. After their resume writing strategy will allow you to land more auditions. The correct format ought to be there in addition to the style of writing. List all your work experience linked to performance. Things You Wont Like About Musical Resume and Things You Will Resume is being regarded as an effective tool to advertise oneself for a specific job prospect. Both can cause you to get exceptional but only one can allow you to land work. When you wish to land that ideal job then you need to have a stellar resume. Terrific place to begin your work search. Since there are several kinds of legal professionals based on specialties, you want to discover first what does the employer searches for before you get started composing your curriculum vitae. Within this document, you will write down your abilities and experiences that are related to the targeted job that could lead the enterprise to call you for an interview. In the end, share what you could do for the employer or client. Most employers are incredibly picky when it regards the choice of employees for a work opening.

Hidden Answers to Writing a Resume on a Mac Revealed

Hidden Answers to Writing a Resume on a Mac Revealed The Unusual Secret of Writing a Resume on a Mac The Interactive Resume Builder will make it simple for you to earn documentation for your job assignments together with your abilities and training to think of a professionally looking html file. Youll be greeted with the next window. If you need assistance with your resumes content, have a look at the resume writing service provided by our professional resume writers. Some resumes are reviewed by many distinct employers and dont give them with the information that they are hunting for. Hearsay, Deception and Writing a Resume on a Mac You may have each of the amazing abilities and educational accolades, but if you create your resume poorly, you might still end up not getting the job. Therefore resume objectives is likely to differ based on the sector in which you are trying to find employment. Before you make an application for work, or put in an application for a graduate s chool or generally speaking, before you begin your career, obtaining a fantastic and professional looking resume or curriculum vitae (CV) is needed. If youre attempting to get considered for work at McDonalds, utilize the resume objective to your benefit. If you are attempting to use a modified flgel format and youve never done so in your life, it is most likely best to use a complete block format. If youve downloaded the sample resume templates, then they are going to appear when you open the Microsoft Word. By buying a CV template, youre guaranteeing yourself something different. To be able to have a professional created resumes and if youre utilizing a Mac OS device, you may use a number of the best resume templates for Mac. Only a reminder, the info youre likely to include on your simple resume will be contingent on the format you select. Its also wise to aim to use complete sentences instead of stilted phrases which will not simply produce the summary simpler and friendl ier to read, it is going to grow an individual voice which will help you relate your message to the reader. Resume examples will reveal to you just what type of information is necessary and the format it is required in.

10 fundamental things people dont understand about practice

10 fundamental things people dont understand about practice10 fundamental things people dont understand about practicePeople that boast how many days theyve gone without sleep in hopes of proving their dedication to their craft are missing the point.Practice is an art - it is elend a simple plug and chug of hours in and skill level out. Andin order to actually make the time you spend practicing meaningful, you have to bring a heightened level of awareness.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moraYou have to know what to look for, what to fix, and ultimately, how to enter your zone.1. Its not about just practicingGoing through the motions isnt enough.You have to be present and aware while you practice, and actively looking for all the things you still need to improve upon.2. Your schedule and your practice times go togetherIf you are practicing in the morning some days, evening other day s, and afternoons at random, you are not as effective as the person who practices at the same time, every day.Your schedule needs to be based around your practice hours - not the other way around.3. Consistency is the most important partRome doesnt get built in a day.You cant go 5 days without practicing and then try to pull a 12-hour marathon to make up for lost time. Practicing a little bit each day is far more effective than day-long sprints.4. The sweet spot for practice is 34hoursReason being, that first hour you are still warming up, and that last hour you are entering burn out.So in reality, a 4-hour practice session is really only 2 hours of truly quality practice - which means it is exceedingly important that you are mentally present during those middle 2 hours.5. Dont practice what youre already goodatCompetition inherently looks for weaknesses.If you are a master of one thing but a total newbie at another, then all someone has to do is target your weaknesses. Make it a point to practice what youre not good at, so that you are more well-rounded.6. Reflect after each practicesessionAsk yourself, What did I improve upon today? Did I learn something new? Did I challenge myself? What can I work on next?You want to constantly be asking yourself questions so that you know what to improve upon next.7. Its not about getting itdoneIts about getting it done right.If you are the type of person who times how long youve been practicing, youre already starting off on the wrong foot. Its not about practicing for the sake of just practicing. You have to have a vision, something you are working toward.Then, it no longer becomes about time. Its about skill.8. Study yourselfThe ability to watch and learn from yourself is also extremely undervalued.If you are an athlete, record yourself playing your game. If you are a gamer, record your screen as you play. If you are a writer, go back through your work with a pen and look for improvement areas. If you are a musician, record yourself and listen to yourself play.You will never be able to see your mistakes while youre in the moment of practicing. So separate the two.9. Watch otherpeopleIf you can learn how to record and learn from your own practice sessions, you will have a better eye for watching how your competition operates as well.You will be able to pick fremdlndisch what it is they are doing, and then steal their strategies.This learning then becomes an inherent part of you - your process.10. Always begrowingAlways be looking for how you can improve.Always be focusing on your weaknesses, not your strengths. Always be searching for new competition. Its a journey and on you to stay moving forward at a consistent pace.This article originally appeared on Inc Magazine.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your pro ductivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

Customize this Outstanding Entry Level Medical Records, Billing and Transcription Resume Template

Customize this Outstanding Entry Level Medical Records, Billing and Transcription Resume TemplateCustomize this Outstanding Entry Level Medical Records, Billing and Transcription Resume TemplateYour resume is the perfect calling card to get you started with your medical records and billing career, as it shows off the experiences and certifications your prospective employers want to see.Whether youre looking for a sideways move into medical billing or are climbing the ranks, your resume helps you leverage your experience and skills. Show off any certifications youve earned, and make sure your resume looks crisp and professional, since youll be handling documents for a living.Review the entry-level medical records, billing, and transcription schablone below to get some ideas on how to present your experience and skills to prospective employers. Create ResumeStan Mitchell100 Main Street, Cityplace, CA, 91019 (555) 322-7337 example-emailexample.comProfessional SummaryCertified Medical Coder . Certified in cms1500, ICD-9 and ICD-10. Familiar with commercial and private insurance carriers. Desire a position in inpatient records coding.LicensesCertified Coding SpecialistCertified Medical Billing SpecialistCCS/CCS-P CertificationSkill HighlightsMaintains strict confidentialityKnowledge of HMOs, Medicare and Medi-CalMedical Manager SoftwareHIPAA complianceStrong work ethicTeam player with positive attitudeExercises good judgmentElectronic Medical Record (EMR) softwareICD-9 codingCPT and HCPCS codingHHM and Medisoft billing systemsQuality assessment of coded dataTeam player with positive attitudeProfessional ExperienceCSR 01/2013 to Current Pizza Hut Arlington, TXAnswering phone calls and taking orders with P.O.S system. Also dealing with customer complaints and cash handling.Externship 160 Hours 04/2012 to 05/2011 Family Connections Grand Prairie, TXMedical Billing and Coding.Recorded and filed patient data and medical records.Education and TrainingCertification M edical Billing and Coding 2012 Kaplan College Arlington, TX, TarrantCoursework in Medical Billing and CodingCustomize ResumeEntry Level Medical Records, Billing, and Transcription Resume Questions1. Whats an example of a great medical records, billing, and transcription resume?A great resume uses action-oriented writing, which involves using powerful action verbs to begin each sentence, resulting in high-impact statements that can leave a positive impression. Replace passive language with action verbs, as demonstrated in our entry level medical records, billing, and transcription resume sample.Another hallmark of a great resume is clean organization and structure. Ensure that your format is consistent, and keep your resume length down to one page covering the last 10-15 years of your experience.2. What sections should you include in your medical records, billing, and transcription resume?A solid resume includes your header, professional summary of qualifications, a bulleted list of keyword skills, your work history, and your education. These are the basic sections you need to ensure your resume contains all the information an employer seeks. These sections also help you create a clean, easily readable format.Our entry level medical records, billing, and transcription resume sample demonstrates how to bring these sections together into a single document. If youre totenstill looking for help, create a resume in minutes using our signature resume builder.3. Whats the best format for a resume PDF, MS Word, or txt?Make the most of your chances on the employment market by using the most popular standard format, which is Microsoft Word. Word is compatible across most platforms, with documents readable by multiple different applications. Our format demonstrated in the entry level medical records, billing, and transcription resume sample demonstrates the kind of clean, neat format you can create using Word.4. How can you separate your medical records, billing, and t ranscription resume from other candidates resumes?Text files may be universal, but theyre too simple. PDFs can cause problems by opening slowly also, many employers dont trust PDFs because of the potential they contain viruses.To stand out from other candidates, you need to demonstrate why your contributions in your prior roles were exceptional. Thats why you need accomplishments, similar to the ones shown in our entry level medical records, billing, and transcription resume sample.5. Whats the best way to list certifications on your medical records, billing, and transcription resume?Youve likely gained a number of certifications throughout your career, especially in such a specialized field. You can include these certifications on your resume as part of your education section. List them in reverse chronological order, as in our entry level medical records, billing, and transcription resume sample.Only list your most relevant and recent certifications. If you have older expired cert ifications or certifications that have become obsolete, delete them to save space and keep your resume on one page.More Healthcare Resume TemplatesExperienced Medical Records, Billing and Transcription Resume TemplatesEntry Level Diet and Nutrition Resume TemplatesDiet and Nutrition Resume Templates

Meeting AML Compliance Demands Management Resources

Meeting AML Compliance Demands Management ResourcesMeeting AML Compliance Demands Management ResourcesThe continuing evolution and increasing complexity of anti-money laundering (AML) laws and regulations have made AML compliance a high priority for both financial institutions and nonbank financial institutions (NBFIs), such as insurance companies and trust companies.Often used to facilitate drug trafficking, terrorism and other crime, money laundering can also negatively impact the multinational economy According to the United Nations Office on Drugs and Crime, the estimated amount of money laundered weltumspannendly annually is 2 to 5 percent of global gross domestic product (GDP), or up to US$2 trillion.Financial institutions and NBFIs often engage AML compliance specialists to help them review their AML compliance efforts and confirm that they are meeting requirements that apply specifically to their geschftlicher umgang. Financial institutions also rely on these resources for su pport after regulators ask them to perform a lookback - a transaction review of historical activity that can extend back several years. Lookbacks can be time-consuming and costly and are often the result of regulators identifying a deficiency in a transaction monitoring system or issuing an enforcement action.Concerns about increasing regulatory scrutiny, compliance burdenSome financial institutions are opting to conduct lookbacks proactively to assess AML compliance deficiencies and make improvements before they are flagged by regulators. The decision to take a proactive approach may stem from growing concern about increasing regulatory demands. If an organization can demonstrate that it has a well-designed and effective AML compliance program, it can potentially satisfy regulators and avoid an investigation and penalties.Financial institutions are not alone in their concern about intensifying regulatory pressure. Research for the fourth annual Executive Perspectives on Top Risks Survey from Protiviti and North Carolina State Universitys ERM Initiative shows that business leaders across industries view regulatory issues as a top risk for 2016. They expressed concern that heightened regulatory change and scrutiny may noticeably affect the manner in which their companies deliver products or services.In addition, a majority of U.S. and Canadian firms surveyed for our latest Benchmarking the Accounting and Finance Function report, which we developed with the Financial Executives Research Foundation (FERF), said they expect their compliance burden to rise over the next three years.AML compliance assessments example resultsWhether an organization decides to proactively review the effectiveness of its AML compliance policies and practices, or is instructed to do so by regulators, the effort not only can help the business verify that it is meeting all necessary regulatory compliance requirements, but also provides an opportunity for the organization to mitigate risk .Faced with ongoing mandates, firms frequently turn to consultants to provide specialized expertise in this area. This was a strategy that helped the financial services institutions below with their AML needsCase study AML compliance and Know Your Customer (KYC) reviewAn institution requiring assistance in completing a due diligence investigation and research related to AML compliance, the USA PATRIOT Act and Know Your Customer (KYC) standards requested support in project management of file screening, review and execution of work logs, and documentation of results determining the validity of their clients information.We provided a team of specialized consultants who helped to conduct AML and Office of Foreign Assets Control (OFAC) risk assessments and formulate recommendations that would enhance the financial institutions overall KYC process. Our team completed a thorough review of the banks records, which had been backlogged. Because of this review, the financial institution was ab le to meet all necessary AML compliance requirements, as well as mitigate risk and avoid penalties.Case study AML complianceAfter integrating with another bank, an institution faced a large number of unexpected suspicious account alerts. The integration had increased the banks size substantially, and it did not have adequate resources in-house to handle the volume of suspicious activity reports (SARs), investigations and AML compliance activity.To address the backlog of SARs, the bank engaged a team of specialized consultants from Robert Half Management Resources with experience identifying, researching and analyzing money-laundering tactics and knowledge of the USA PATRIOT Act, the Bank Secrecy Act (BSA), and KYC guidelines. The teams swift and accurate work led to the bank receiving a clean review from the Office of the Comptroller of the Currency (OCC) and realizing significant cost savings.Need assistance with an AML compliance project? Contact us.1.855.432.0924More AML resource sFor answers to a comprehensive list of frequently asked questions about AML compliance, laws and regulations, see the latest edition of the Guide to U.S. Anti-Money Laundering Requirements from Protiviti, a Robert Half subsidiary. To download this resource and access other AML-related publications from Protiviti, go to the Anti-Money Laundering page on its website.Also, visit The Protiviti View blog to read the post From New York to Hong Kong The Need for a Global AML Program for an overview of the challenges global financial institutions face when seeking to establish and maintain an effective, global AML compliance program. For more in-depth coverage on this topic, download Protivitis white paper, The Challenges of Managing a Global AML Program.