Robert Frimet - Time Management for Success

It's no small order to successfully found and run a business the way that founder and president of RMF Consulting Group, LLC Robert Frimet does. Though there are many reasons why businesses do not succeed the way Frimet's business has, one of the common reasons is a lack of time management. Poorly managed time leads to uncompleted tasks, wasted time and neglected duties. If business owners and entrepreneur hopefuls manage their time carefully, they will complete necessary tasks, have more downtime and increase their chance of succeeding.

Poor time management is a fallacy that many people unwittingly inflict upon their daily lives. Instead of making a task list and prioritizing, they end each day with uncompleted goals. This is not to say that these people do not wish to complete their tasks, or even that they are not passionate about their endeavors. Instead, it simply implies that they are trying to do too much at once and failing to make the time to get it all done.

With time management, you will make a continually-updated list of things that need to be done, organized by priority. The most urgent of tasks should go at the top of the list and thus get completed first. This method is sometimes called “eating the frog first.” The name implies that you get the most difficult, unappealing or pressing task out of the way first so that you have the rest of your day to complete the smaller tasks. The better you are at managing your time, the more proficient you will be at leading your professional tasks and also at handling your personal life.

Implementing time management in your business plan shows that you respect your time and that of the people in your life. When Robert Frimet organizes his time, he is showing respect for his time, his client's time and the time of his fellow businesspersons. Through proper time management, he prevents missed appointments, incomplete tasks and unhappy clients. Implementing time management in your business plan will help you emulate the success of businesspersons like Frimet in all of your actions.

Robert Frimet - How to Budget

Budgeting is a necessary step to obtaining financial stability and to being able to own a business. Take Robert Frimet, for example. Frimet is a Certified Anti-Money Laundering Specialist, also known as a CAMS, and he has been helping clients avoid fraud for over 10 years. Over 10 years ago, with his finances in order, he founded RMF Consulting Group, LLC and he is now the president of the business. If Frimet hadn't prevented overspending, with a budget for example, he wouldn't have become such a successful businessman.

Budgeting is intimidating if you've never done it, but if you know what you're doing it's easy to get started. These steps will get you on your way to successful budgeting:

• Record Your Monthly Net Income – If you don't know how much money you have, you won't be able to budget. Identify how much money you have coming in and what you have to spend after social security, taxes and other deductions. This is known as your net income.
• Set Financial Goals – Pick a notebook or spreadsheet to use for your budget and then record your financial goals. Paying off credit card debt, creating emergency savings or paying off your mortgage are examples of financial goals to consider. With your goals in mind, you'll be ready to plan your budget.
• Categorize Your Money – Divide your budget into two categories: variable expenses and fixed expenses. Variable expenses, such as gas money, charity donations and entertainment spending, can change from month to month and they can be cut down if necessary. Fixed expenses on the other hand, such as your mortgage, car payment or phone bill, are the same every month and they cannot be eliminated. Alternately, you can divide your budget into three categories: need, want and savings.
• Create Allowances and Follow the Plan – With your income and your outgoing expenses recorded, you're ready to decide how much money goes where each month. Once you have allotted allowances to your categories, follow your budget at all times in order to prevent over spending.

If you're budgeting in hopes of opening a business, put money away toward your business expenses each month. Paying off debt and eliminating unnecessary spending will give you more money to put into this savings account. After following your budget for several months, you'll be in place to follow in Robert Frimet's footsteps and become an entrepreneur.

Robert Frimet - How to Start A Successful Business

Robert Frimet built his legacy from the ground up. He is currently self-employed as the president of RMF Consulting Group, LLC, a successful company that he founded over a decade ago. Frimet is also involved with anti-money laundering matters domestically and represents hundreds of clients for over 10 years. You don't get that far in pursuing your passions without hard work, dedication and a lot of business smarts. Just as Frimet's clients come to him for advice in running their own companies, business hopefuls can follow these three tips for a more successful startup.

• Build a business that you believe in. If you're not passionate about your business's purpose, there's no point in starting it. Entrepreneurship is hard work and, during the days when you want to give up, your belief in the business's purpose is what will keep you going.
• Create a brand that goes above and beyond the competition. Almost every business will have competition, and it's important to out-do your competitors at all turns. A successful business isn't just better than the others, it's radically different and superior by leaps and bounds.
• Care for your business as though you'll own it for the rest of your life. Even if you plan on selling your business in the future, that shouldn't be the primary reason that you're starting it. A business that is built for longevity is more enticing to customers and future interested buyers alike. 

Successful business owners like Robert Frimet have learned dozens of lessons on their path to the top. While it's important to learn from people like Frimet, the best thing that a future business owner can do is to get started and to take that start seriously. If you believe in your business and you truly want it to succeed, chances are that it will.

 

Robert Frimet - What Is AML?

Anti-Money laundering, or AML, is a specialized program employed by financial institutions to detect, report and prevent the act of money laundering. AML regulation are enforced by the Financial Crimes Enforcement Network (FinCen), as the basis for anti-money laundering regulations. Anti-money laundering specialists, like Robert Frimet, protect their clients from money laundering crimes and ensure that those clients follow AML policies and procedures.

Some of the crimes that AML programs help prevent include:

• Drugs
• Human Smuggling
• Illegal Weapons
• Structuring
• Trade-based money laundering
• Casino- and gambling-based money laundering
• Real estate-based money laundering
• Digital currency misuse

Many countries produce annual reports that estimate the amount of money laundered during the reporting period. This practice became more wide-spread after the FATF began prompting countries to improve their anti-money laundering laws and the enforcement of those laws. Countries were prompted to criminalize money laundering, to encourage the investigation of potential money laundering, to work with other countries to solve money laundering cases and to require their banks and other financial institutions to keep reliable customer records.

Banks and other financial institutions are heavily regulated by AML guidelines, typically by mandate of national mandate. Most nations require financial institutions to scan for, and to report, any suspicious transactions. It is for this reason that customers are required to present a valid ID for all financial transactions.

Outside of the implementation of AML policies within financial institutions, Certified Anti-Money Laundering Specialists (CAMS) like Robert Frimet help business owners avoid problems with federal regulations regarding AML. CAMS stay up-to-date on the latest AML laws within a given nation, which allows them to provide the most useful services to their customers.

Robert Frimet - Traveling Safety for Beginners

Do you have the travel bug but little experience in how to manage the arrangements? Whether you’re traveling to the next town over or to another continent entirely, traveling can have a very therapeutic and enlightening effect, putting you in contact with new people and different ways of thinking. However, when you’re unaccustomed to travel, it can feel overwhelming to juggle all of the moving parts successfully.

Robert Frimet, a Certified Anti-Money Laundering Specialist (CAMS) and financial services expert, deeply enjoys traveling, even if it’s just to his next financial services educational seminar. Regardless of when or where you’re going, he knows that the following tips will keep you as safe as possible in your journeys.

Have copies of all major documents such as driver’s license, passport, and travel documents. Better yet, keep a photo of each document saved to your email should you need to access them in case of emergency.

Consider buying traveler’s insurance if you are traveling internationally to be certain that no matter where you are, you will be able to access a hospital without any exorbitant costs.
If you are traveling to a foreign country, conduct research to ensure that you have all of the correct vaccinations.

Always keep your belongings with you in public and invest in a purse or bag with zippers.
Bob Frimet is the owner of RMF Consulting group based in Las Vegas. He enjoys working with clients across all fields to provide the highest quality services regarding financial services information and education.

Robert Frimet - How You Can Contribute to the Anti-Human Trafficking Movement

Human trafficking is a large-scale human rights issue that impacts hundreds of thousands of lives and reaches far and wide across all continents, earning 32 billion dollars each year worldwide. Human trafficking specifically refers to the trade of people for the purposes of labor and exploited services. Many people don’t know that it can even occur close to home, in their own communities. Robert Frimet of Las Vegas, the owner of RMF Consulting Group and a prominent Certified Anti-Money Laundering Specialist, takes a great interest in preventing human trafficking from a money laundering perspective, and he knows that the following steps can be taken by anyone in their own communities.

1. Volunteer with a human trafficking awareness group or organization. Whether you are assisting with event coordination or keeping a booth at a local fair, your services can be utilized in a number of ways to support the anti-human trafficking cause.
2. Know where your purchases come from. Research the companies that you are buying from and abstain from purchasing goods that are produced by organizations that benefit from forced labor or child labor.
3. Arrange anti-human trafficking trainings at your place of employment.
4. If you suspect any human trafficking, seek out more information and contact the National Trafficking Resource Center to make a report.
5. Consider donating funds or items that will benefit victims of human trafficking.

Bob Frimet is based in Las Vegas and provides numerous services to prevent money laundering which, in some cases, may aid in preventing human trafficking. For people looking to enter the money services industry

Robert Frimet - Taking Your Career to the Next Level

Have you a reached a point in your career where you are hungering for more? Are you ready for new challenges, but don’t know where to begin?
Taking your career to that next level can be daunting when you don’t know what your next move is, but as Robert Frimet of RMF Consulting Group knows, there are numerous simple steps that you can take to begin the process.

1. Expand your network. Do you know of a local event taking place where people you admire professionally will be speaking? Make every effort to make it to that event. Have you recently read an article written by someone in your field and have further questions? Drop that person an email and make a new connection. Attend as many seminars, trainings, and activities as possible where you can meet new people who have a great track record in your industry.
2. Deepen your knowledge base. If you can acquire additional certifications, take a few classes, or go back to college for a year to open up your professional options, do it. This is also a wonderful way to network and build relationships with people who can help challenge you and inform you of new opportunities.
3. If you have an image of where you want to be professionally in five years, make a plan devising exactly how you are going to do it. Make a list of everything that you need to accomplish and develop a timeline that you can realistically follow.

Robert Frimet is a Certified Anti-Money Laundering Specialist (CAMS) and enjoys helping his clients achieve their absolute best. He lives in Las Vegas.

Robert Frimet - Four Basic Tips for Success When Opening Your First Business

If you have ever considered opening your own business, you know it has the potential to be one of the most meaningful and rewarding professional journeys of your life. However, breaking into the world of entrepreneurialism can be challenging and overwhelming at first.

Robert Frimet, the founder of RMF Consulting Group, takes a genuine interest in helping new businesses become successful through the numerous money services business (MSB) and Anti-Money Laundering (AML) services that he provides. As he can attest to, new business owners of all fields should   consider the following:

1. It’s ok to start slowly. Give your business time to grow rather than pushing for rapid growth at the very  beginning by taking unnecessary risks. You will more than likely make mistakes, and the losses from those mistakes could put you out of business.

2. Ask for help when you need it. Develop a network of professionals in your field who you can look to for advice.

3. Spread the word. Be proactive and make sure that the community knows who you are, where you’re located, and why they need your business. Make yourself as visible as possible, and always have business cards on you. Begin developing a reputation for yourself from the very beginning.

Prepare yourself to be working nonstop for the foreseeable future. Make sure you keep your energy levels up, as your need all the energy you can muster for your new endeavor Robert Frimet Frimet has been an entrepreneur since he was a child, establishing his own hat-selling company and helping his mother run the family business. He resides in Las Vegas.

Money Service Businesses - Bank Discontinuance

Millions of Americans are served by Money Service Businesses such as financial service centers, money transmitters, and even your local post office. But in recent years, an increasing number of banks have ended the accounts of their Money Service Business (MSB) customers, affecting thousands of stores across the country. Some banks have even been refusing new accounts, and the number of these available depositories has been steadily shrinking.

The tragic events of September 11, 2001 and the subsequent enactment of the USA Patriot Act forever changed the relationship between MSBs and the banks that served them. In spite of records of compliance as good or better than most banks themselves, MSBs were deemed unacceptable risks.
But contrary to a widely held belief, MSBs are not a high risk for money laundering. In fact the industry’s Bank Security Act enforcement record is good, according to the Financial Service Centers of America, or FinCEN. Of all the civil penalties against banks and other financial institutions listed on the FinCEN website – many of them in multi-millions of dollars – only a handful have been assessed against check cashers and other MSBs.

Federal regulatory agencies have attempted to remedy this problem. It has also been addressed with bi-partisan legislation that would relieve banks of the requirement to review and monitor the compliance systems of their MSB customers, leaving regulation to Federal and State authorities.

Robert Frimet is a Certified Anti Money Laundering Specialist with twenty-five years of experience in the Money Service Business and related areas. Bob Frimet lives and works in Las Vegas, Nevada.

Check Fraud - A Multi-Billion Dollar Problem

Check fraud is a serious problem that costs American businesses tens of billions of dollars every year. It has always been with us, but today is a cyber-crime. Anyone with a laptop, a scanner, off-the-shelf software and criminal intent can create fraudulent corporate checks that are virtually indistinguishable from the real thing. It only takes a few hours for high-tech criminals to create hundreds of bogus checks, once they have accessed basic corporate account data.

As a consequence of this criminal activity, American businesses take a direct hit to their bottom lines. Changes in the Uniform Commercial Code have redefined liability in corporate check fraud, so that there is more responsibility placed on the business community. And so it has never been more important for them to learn to protect themselves against the threat of check fraud.

Preventing check fraud is not as easy as it may sound, and experts say that there is no one hundred percent foolproof protection. Some of the things that businesses can do to protect themselves include:

·         Do not use pre-printed check stock. Instead, use blank check stock along with MICR laser check printing software.

·         Use strictly controlled check-printing procedures. Be sure that only those employees directly involved in the accounting process have access to check printing equipment.

·         Only use check stock with security features. Certain check stocks have security features that prevent copying or mimicking.

·         Write fewer checks. Instead, use automatic deposits or electronic funds transfers. The single most effective way to stop check fraud is to not write any checks at all. That may not be a realistic option, but reducing the number of written checks is a good start.

Robert Frimet is the owner of RMF Consulting Group in Las Vegas,Nevada. Bob is a former president of the Nevada Check Cashing Association, and also served on the National Check Cashers Association Board of Directors.

What is Compliance on Demand?

Checkcashingcompliance.com offers a solution to Money Service Businesses (MSB) who are tired of the complexity of financial regulation. Offered by the RMF Consulting Group, Inc., this service gives business a distinct advantage over their competitors by alleviating some of the most stressful components of being a MSB: compliance. How can Compliance on Demand (COD) benefit your business with real-time solutions?

Financial regulation can be overwhelming for businesses. Much of the busy work of financial departments come from keeping up with the changes and updates that the Financial Crimes Enforcement Network (FinCEN), running employees through training sessions and keeping every aspect of the business up to par with the compliances required to operate as a MSB. COD enables businesses to untie their hands from this frustrating job, by allowing experts with over 25 years of experience to help review and revise CTR’s, SAR’s and 8300’s prior to submission. 

The purpose of COD is to offer businesses the freedom to allocate resources elsewhere, without having to constantly fight the uphill battle of compliance. The founder of RMF Group, Robert Frimet, is a Certified Anti-Money Laundering Specialist (CAMS) and has the bulk of the experience in the group. His mission for COD is to automate the compliance process of MSB’s by offering central hub that can streamline the entire system, giving businesses more breathing room to work and expand. Robert Frimet tours the nation and speaks at MSB Compliance Seminars to offer his services to MSB’s, both big and small, and hopes to change the responsibility that businesses have with harsh regulations.

Need an Audience? Write a Blog

People will advise against it, claiming that the blog space is too saturated and that no progress can be made with a personal or professional blog. And while the number of blogs have become massive, with over 42 million blogs on the WordPress platform in 2012 alone, according to blogging.org, it still serves the purpose that every blogger asks for: an audience. Whether your aim is to achieve profits through a professional service, or to let your thoughts be known on a public hub, blogs allow interested online viewers to become engaged in what you have to share.

Blogs have become increasingly easy to make, and most blogging platforms are free to use. This makes blogging an initial cakewalk. The challenge that comes to most bloggers involves increasing the number of views that it has, through strengthening your audience. Marketing techniques, online ads, or door-to-door advertising are just some of the ways that a blog can be exposed to people who would be potentially interested in your content. Find out what is right for your budget and be sure that your objective for the blog stays consistent with your marketing attempts.

Blogs have become a haven for both businesses and passionate individuals. Robert Frimet, a Certified Anti-Money Laundering Specialist, and is the founder of a consulting firm, RMF Group. To help publicize information about his services, and to bring awareness to people about financial crimes, Bob Frimet started his blog, checkcashingcompliance.com, in the hopes to make an audience to enlighten. Whatever your reason, blogs offer you the opportunity and the leverage to be heard!