For the Couple Who Has Everything…

Many of you have heard Ana’s story…Ala…”your name here, our friend Ana just decided to buy a boat and sail about the world isn’t that daring and adventurous? By the way, we’re moving to England where there’s lots of soil beneath our feet.” 🙂

Ana & Nate quit their jobs last year, bought a sailboat and headed south to start on their journey about the world. Last fall, Nate proposed (if you can live with someone on a 30′ boat 24/7, you can live together anywhere…if they can’t “weather a storm” no one can). And today, we received our invite to their nuptuals in Guatemala later this year. We’ve been planning to attend for a while so I went online to scope out the best registry finds before the competition because what do you buy a couple who lives on a boat? Without the registry, I’d be lost.

Any guesses on where they registered? Drum roll……………………..West Marine and REI! After purchasing something at West Marine a moment ago, I noticed that our gift wasn’t removed from the registry and called customer service to request a quick fix. The associate didn’t even know they offered a registry!

Hmmm…it’s fun how needs change as life and we move along. For us, it’s surprising how little “stuff” we actually need. And I’m sure that’s doubly true for Ana and Nate.

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Two Certainties in Life – Taxes and Taxes

Borrowing from Ben Franklin’s quote, I have been dealing with a double dose of one of his certainties — taxes. Now we have both UK and US taxes to deal with.

I hate to admit it, but I kind of enjoy filling out our tax return every year. Though, with TurboTax, it is never very hard. Simply enter all the forms received in the mail, add in a few deductions, and job done. This year, however, is a bit of a different.

Certainly, we have had a number of complexities added to our return this year — selling the house, moving abroad, earning foreign wages, and paying foreign taxes . To compound this complexity, I believe I have found a bug in TurboTax.

After completing the Foreign Tax Credit portion of the “Interview”, our refund suddenly became absurdly high. At first I was excited, but quickly became suspicious. Upon reviewing the numbers, it looks like they have included the foreign tax credits, but not the income. While, I kind of like the result, I doubt the IRS will agree :-).

Currently, I am on the phone with their Tech Support. We went through the foreign income questions (which gets stuck in an loop) and upon realizing the problem, the the poor guy asked me to wait while he goes to investigate. I am coming to the end of this post and haven’t heard back from him yet. My guess is this is a real bug — I am surprised that it is March and no one has discovered it yet. Good thing we have unlimited calling to the US!

UPDATE: The customer service rep came back and asked for my phone number to call me back in 48 hours after one of their software engineers reviews the issue. Working in the industry, I can say that definitely translates to, “you found a bug, we’ll try to fix it before we call you back.”

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Luck of the Irish

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Today, G and I traveled out to Reading (West of London) to see a “London Irish” game—a local professional Rugby team that my learning group is working with this term. It was our first ever Rugby match and the good ‘ol Irish pulled through 37-12. We had a great time at the game and I (K) now personally prefer the game over European Football (soccer) that we sampled last week.

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Another Perk of the MBA

Within a previous post, I mentioned that Cass provides sessions with a career coach and local mentor. I really lucked out and was matched to a couple incredible individuals who have provided great insight and perspective. But yet another job search resource has surfaced!

Last week, I contacted a person in the Cass careers department about a possible business research project/disertation client. Cisco UK was seeking somone to consult and develop a 3-year plan for its marketing efforts. The careers contact excitedly responded offering to submit my resume and follow-up, etc. And this week, the careers contact e-mailed me after sending my resume and following up with Saatchi & Saatchi on my behalf (working for this firm would be any marketer’s DREAM!). And she then followed up to say that she’s like my permission to contact other local firms on my behalf…this is the best! It’s like having a headhunter without the finder’s fee.

Fingers crossed that a good position and comfortable salary will be mine…

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A Different Perspective

This block, I’m taking a third installment of Strategy…and we are under the watch of a brilliant professor, Joe Lampel. We’ve been exploring the depths of strategy development and I’ve turned a new leaf…

Those of you who have known me professionally won’t be surprised to hear that I like plans and controls. Even two months ago, I would have argued that a firm [or even an individual] must have a plan/strategy and stick to it in order to maintain their focus and realize their potential. WRONG!

To quote my [brilliant] professor, “plans are fine for mediocre companies that wish to maintain the status quo”…

Instead, innovative and responsive firms will operate with a general direction in mind, but will exploit strategic opportunities to the fullest whenever and wherever they appear…they won’t wait for the the “perfect” opportunity, or even the one that seems okay.  Ultimately, the perfect opportunity [according to the best laid plans] may never present itself.

So…the moral of the story is, allow your strategy to emerge and evolve and take advantage of opportunities that present themselves. AND once you accept an opportunity and establish yourself (or your firm) within a certain niche, don’t allow yourself to become complacent. Technology has changed may aspects of our lives today…Most notably, the crumble of a major corporate brand that once may have taken 5-10 years to unfold can now take place in a matter of months. All things (including failure and success) are speedy in today’s marketplace.

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Leadenhall Market

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Tonight, G went out to celebrate a milestone with his co-workers in Covent Garden. And I went out with my classmates to another “historical” hangout in the square mile…The Moon at Leadenhall Market. I’m not quite sure of the complex’s historical lineage, but it was a beautiful, fun atmosphere to catch up with friends…then, off to McDonalds with a friend for a little taste of home.

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The Moment of Truth

Today, I received the dreaded e-mail that I was anxiously awaiting (if that makes sense?)…Block I and II grades were released this morning. Reading the e-mail announcing that grades were ready for pick-up was one of those moments when I was a bit unsettled. It’s been 7 years since I took an exam…how would I do?

Good news. I passed! As I’ve mentioned in my previous posts, the UK grading system is a bit different from the US. Here, anything above a 40 on the exam is passing…and anything above a 70 is fantastic (distinction)..the equivalent of an A+ or 4.0 GPA in the US. As long as your coursework and exam (each worth 50%) for each course totals at least 50, you pass. And (I’m unsure of whether this is specific to the MBA, or to British grading in general), they don’t consider gradepoint average. Coming out, I could earn only “distinction”, “pass” or “fail”. And in order to graduate with distinction, you MUST have above a 70 average in every block and assignment along the way (nearly impossible).

Going into exams, I had distinction in 5 of the 6 courses in Block I and II. And coming out, I earned a distinction in Block I and a Respectable Pass in Block II (65–equivalent to a B+). (They average the grades for all courses in a block in order to determine your block average). I don’t know that I’ll ever adjust to this new grading system…thank goodness the program’s only one year 🙂

An interesting angle on this hints toward the British culture. In America, we strive to reach high and need to see the carrot in the distance. Therefore, it’s important to ensure that excellence is attainable at all points in your education (hence, GPA). If you consider doing badly or “letting this one slide”, your GPA’s at stake. Here, however, there’s a long history of the “haves” and the “have nots” and hence, there are no carrots. Only pass, fail, and distinction. I miss the carrot and the American grading system!

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