Corb7 International July 20th, 2022 Newsletter

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International Business 

Editor's Note

Be Inspired!

Summer is a great time to take a moment and pause for reflection regarding business, personal and fitness goals. After all, half of the year is now solidly in the rearview mirror and the second half has begun.  With that in mind, we thought it would worthwhile to bring some insights from overachievers that we have had the privilege to meet over the years. 

Below are links to interviews we had the rare opportunity to do with Mario Andretti, Bill Russell, Lou Ferrigno, Edgar Winter, Steve Garvey and Amada Beard.  We think they have held the test of time.  At the intersection of sport (or music) and business we have always found inspiration and I hope this does the same for you. 

Mario Andretti:
Mario Andretti is an Italian-born American former racing driver. One of the most successful Americans in the history of motorsports, Andretti is one of only two drivers to have won races in Formula One, IndyCar, the World Sportscar Championship, and NASCAR.
 – One of Racings’ Best Mario Andretti speaks with Jeff Corbett

Bill Russell:
William Russell is an American former professional basketball player who played as a center for the Boston Celtics from 1956 to 1969.  A five-time NBA Most Valuable Player and a 12-time NBA Allstar, he was the centerpiece of the Celtics dynasty that won eleven championships during his 13-year career basketball career. An entire list of his accomplishments are too many to list here but without a doubt he was one of my favorite interviews. 
 Audio Interview of Basketball Icon Bill Russell  

Lou Ferrigno:
Louis Ferrigno is an Italian American retired professional bodybuilder and actor. As a bodybuilder, Ferrigno won an IFBB Mr. America title and two consecutive IFBB Mr. Universe titles; and appeared in the documentary film Pumping Iron.  He was also know as the original Incredible Hulk. 
  – The Incredible Hulk Lou Ferrigno Speaks with Jeff Corbett

Edgar Winter:
Edgar Winter is an American musician, songwriter, and record producer. He is known for being a multi-instrumentalist, playing the keyboard, guitar, saxophone, and percussion, as well as singing. His most popular songs were "Frankenstein" and "Free Ride."  A true gentleman, this interview took place prior to his brother and fellow musician, Johnny Winter, passed away.  Here he discusses the making of the song "Frankenstein," the business of music, and his long friendships with various icons of the industry like Ringo Starr. 
Audio Interview of Music Legend Edgar Winter  

Steve Garvey:
Steven Garvey is an American former professional baseball player. He played in Major League Baseball as a first baseman for the Los Angeles Dodgers and San Diego Padres from 1969 to 1987. Garvey was the National League Most Valuable Player in 1974 and National League Championship Series MVP in 1978 and 1984.
– Steve Garvey with Jeff Corbett

Amanda Beard:
Amanda Ray Beard, also known by her married name Amanda Brown, is an American swimmer and a seven-time Olympic medalist. She is a former world record holder in the 200-meter breaststroke. Beard's success has earned her the American Swimmer of the Year Award twice.
 – Interview with Amanda Beard 

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International Business 

Business Psychology

Why Sleep Matters

Sleep is critical to our ability to perform.  According to the National Sleep Foundation, certain foods may help people fall asleep faster and sleep more soundly while others may compromise a person's ability to enjoy a restful night's sleep. In lieu of white bread, refined pastas and sugar-laden baked goods, all of which can reduce serotonin levels, the NSF recommends whole grains. The buildup of serotonin in the brain during periods of wakefulness can contribute to the onset of sleep later in the day. If serotonin levels in their brains are disturbed, then people may experience difficulty falling asleep. The NSF also recommends almonds and walnuts, which contain melatonin, a hormone that helps to regulate the sleep/wake cycles. In addition, foods that are high in lean protein that contain the amino acid tryptophan also may increase the production of serotonin, potentially contributing to a restful night's sleep.

For More Ideas to Improve Your Sleep:
SleepFoundation.org

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International Business 

Cross-Border Business 

Bermuda Captive Insurance Conference

September 12-14th

The Bermuda Captive Conference is returning to the live stage on September 12–14, 2022 at the Hamilton Princess in Bermuda.

 Review
A captive is defined as an insurance company established in an offshore jurisdiction, created and controlled by either a parent company or professional association through which their own risk is insured. Those insured risks are frequently re-insured through a large multinational carrier.

The cost of insurance represents a considerable expense for most businesses. In recent years, premiums have skyrocketed leading many professionals to explore creative cost reduction strategies. One imaginative – yet proven – strategy is the use of wholly-owned subsidiaries to meet insurance needs which can control or even cut expenditures. Captives can be established to self-insure part or all of property loss, product liability, work compensation, malpractice and virtually any other coverage. Consequently, the driving force behind the move to offshore captive insurance extends virtually across all industries including, but not limited to: medical malpractice, workers compensation, manufacturing, financial, energy-related, and real estate developers, just to name a few. Over 350 of the Fortune 500 companies in the United States have insurance captives. As a result, Captive Insurance Companies have become a growing and significant sector of the global insurance industry.

Benefits:
1. Instances when insurance cannot be purchased from commercial insurance companies for a business risk. In many instances companies within an industry form a joint captive insurance company for that reason.

2. In very specific cases, premiums paid to a captive insurance company may be deductible as a business expense for tax purposes according to the Internal Revenue Service. It is important to note that the IRS has established very strict guidelines to qualify for tax benefits and the use of a professional is critical.  The rule of thumb is that the insurance company will need to be adequately capitalized and offer sufficient third party (non-related) insurance to qualify.

3. Insurance can be obtained through the international reinsurance market at a more favorable premium with higher limits of coverage.

4. Investment returns can be obtained directly on its invested capital.

Bermuda
Bermuda stands as the world's leader in Captive Insurance.  As such, their annual conference is consider one of the most important in the industry.  

Conference Information

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International Business

Business Etiquette  

 Overcoming Phone Anxiety with Etiquette 

 by Candace Smith
The Etiquette Blog
Candace Smith Etiquette

Communication is challenging enough, but when phone anxiety is part of the challenge, things become even more difficult.  Phone conversations are tricky because they rely solely on tone of voice and words spoken.  Without gestures, facial language, and eye contact, it’s easy to feel self-conscious when using this mode of communication.  

For some, their sensitivity goes further. Whether you’ve been diagnosed, self or otherwise, as having telephobia, making and receiving phone calls brings on even stronger feelings of anxiety.  You may worry about how your voice sounds, whether you are being understood, or wonder if the person on the other end even cares about conversing with you.  

Telephobia, phone anxiety, or just a strong dislike of phones, is something that can interfere with personal and professional success. 

Spoken Word vs. Written Word 

The social media era has taught us that people are much more comfortable writing words than speaking them.   Texting and messaging apps are most popular for phones, to the point that when we pick up our phones, it’s usually to type a message rather than to make a call. 

A 2019 UK survey revealed that younger audiences feel anxious when their phone rings, compared to older audiences.  Those who are more comfortable with using smartphones naturally gravitate to texting and messaging.  We feel more in control of the flow and expression of words.  And less put on the spot to deliver an immediate response to a question or request.   

However, in the professional world, texting will never be enough.  Customer and client relationship-building simply requires a more personal interaction.  And there are times in social relationships when a message is best delivered with one’s voice rather than on a screen. 

Etiquette and Phone Anxiety 

Building your confidence level helps you feel less anxious in a particular situation.  This is also true when experiencing phone anxiety.  And the best way to build confidence is to practice and become more comfortable with speaking on the phone.   

Phone etiquette skills can help you sound and be professional, kind, and considerate and you will feel more comfortable over time.  
 

• Smile before and during your call.  A smiling face readies and steadies you.  It can also decrease your heart rate and make your voice sound calmer.
• Choose one positive word or expression to speak aloud or silently before making a call and as a call comes in. “Success!” “Got this!” “Winner!”  “Confidence!”
• Sit up tall and speak with energy. 
• Sate your name and speak clearly. 
• Prepare by knowing the reason for your call and your preferred outcome or goal for the conversation.   
• If there is an interruption, pause two seconds, breathe, and see where the conversation is.  
• Let the call go to voicemail and prepare accordingly, phoning back as soon as possible.
• Respond promptly to voice mails.

You can see some additional tips for etiquettefully overcoming phone anxiety in this video. 

Don’t worry, any mistakes or faux pas made during a call can be overcome.  Your positivity and cheerfulness will help you overcome any phone anxiety or negativity and you will leave a great impression on those with whom you speak. 

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Lifestyle

Executive Fitness 

Proven Strategies to Lose Weight!

The struggle millions of individuals experience in regard to maintaining a healthy weight has led public health agencies to characterize overweight and obesity as a major public health crisis. According to the National Institute of Diabetes and Digestive and Kidney Diseases, nearly one in three adults in the United States are overweight, while more than 40 percent are considered obese. Data from Statistics Canada indicates individuals also are struggling with their weight in Canada, where nearly 27 percent of adults can be classified as obese and more than 36 percent are classified as overweight.

With so many adults in North America classified as overweight or obese, it's no wonder that fad diets and additional programs to lose weight are so easy to find. Individuals who are overweight or obese should aspire to lose weight, as doing so can lower their risk for various conditions, including some which can be deadly, such as cardiovascular disease and diabetes. But it's vital that individuals lose weight in a safe way that gives them the best chance to keep weight off. In recognition of that, the U.S. Department of Agriculture offers these tips to lose weight safely.

· Recognize what makes up a healthy weight loss program. Individuals have all sorts of options that promise to help them lose weight, but that doesn't mean each of those options is safe and/or effective. For example, the American Academy of Family Physicians notes that the typical fad diet is unhealthy and does not result in sustainable weight loss. Some such diets can even be dangerous to your overall health. The USDA describes healthy weight loss programs as those that consist of reasonable and realistic weight loss goals. A reduced-calorie, nutritionally-balanced eating plan is another feature of a healthy weight loss program. Such programs also should encourage routine physical activity and a plan to help people change their behaviors so they can stay on track and meet their goals.

· Know what to expect out of a healthy meal. The USDA notes that calories, portion sizes and nutrition all combine to make a healthy meal. Avoid high-calorie meals by limiting portion sizes. The online health resource Verywell Fit offers a useful breakdown that can help people determine healthy portion sizes:

· 1 palm: a serving of protein

· 1 fist: a serving of vegetables

· 1 thumb: a serving of fats

· 1 cupped hand: a serving of carbs

This breakdown can act as a guideline for individuals, who also can discuss appropriate portion sizes with their physicians or a licensed dietician.

· Change your lifestyle, not just your diet. A successful weight loss strategy will help individuals develop lifestyle habits that help them maintain healthy weights. Fad diets and other quick fixes only provide short-term weight loss, and the USDA urges individuals to avoid programs that they "go on" and "go off" at predetermined intervals. Long-term, healthy weight loss is achieved by changing one's lifestyle, which requires a permanent commitment to physical activity and healthy eating.

A significant percentage of adults in both the United States and Canada is considered overweight or obese. When attempting to lose weight, those individuals can look to a comprehensive approach rooted in healthy eating and routine exercise that can help them shed pounds and keep those pounds off for good.

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Lifestyle  

Spirits & Cuisine

How to Better Pick, Cut & Enjoy Watermelon

  The key to a tasty watermelon is knowing how to pick one that is ripe.
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Watermelon is a summertime staple. Each summer, stores and farm stands have an abundance of watermelons on display, and many people feel no picnic or barbecue is complete without watermelon.

Watermelon is a refreshing option on hot days. It's ideal sliced and served, or can be included in fruit salads, smoothies or even "spiked" cocktails. The key to a tasty watermelon is knowing how to pick one that is ripe, while serving watermelon comes down to understanding some easy cutting strategies.

· Choose a watermelon that has a firm, symmetrical shape. Avoid melons with bumps, dents or cuts.

· Watermelons should be relatively heavy. They're 92 percent water, and that juiciness should be reflected in a substantial weight for the melon's size.

· Watermelon.org advises looking for a creamy yellow spot on the underside of the watermelon. This is called the "ground spot." It indicates where the melon sat on the ground and ripened in the sun. Once cut from the vine, a watermelon has about three to four weeks to be consumed.

· All parts of the watermelon are edible, including the seeds and rind. The rind can be pickled or cut up to use in stir-fry dishes.

When bringing watermelon to an event, it is a courtesy to bring it already sliced or cut up. This ensures the host or hostess does not have to tackle what can sometimes be a chore. Here are three techniques to cut a watermelon easily.

Cubes

1. Cut both ends off of the watermelon.

2. Stand the watermelon on one sliced end. Use the knife to slice down and cut off the rind.

3. After removing the rind from all sides of the melon, cut into discs about 1/2-inch in thickness.

4. Then cut those discs into cubes.

Slices

1. Cut the watermelon in half lengthwise.

2. Take one cut half and place it cut-side down.

3. Cut the watermelon into slices.

4. Repeat for the other cut half.

Strips

1. Cut the watermelon as you would with the slices. Rather than leaving it in large slices, turn the watermelon and cut the same size slices in the opposite direction. This creates strips that are easy for kids to grab and maneuver.

2. Repeat with the other half of the watermelon in the same manner. 

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Lifestyle 

Leisure 

Plants to Keep Away Summer Bugs

 Outdoor living spaces have become increasingly popular among homeowners in recent years, and that popularity grew even more over the last year. As social distancing guidelines issued in response to the COVID-19 pandemic encouraged people to stay home as much as possible, a desire for accessible, enjoyable outdoor spaces grew. A 2020 study of Google trends data from the home décor retailer Living Spaces found that searches for items such as patio daybeds and small-space outdoor furniture grew by more than 200 percent between the early part of 2020 and the middle of the year.

If outdoor living spaces are in demand, so, too, are ways to make those spaces as comfortable as possible. There's much homeowners can do to make the most of their outdoor spaces, but they might feel helpless against some unwanted, often relentless guests: insects. Insects can turn relaxing days on the patio into wars of attrition with hungry bugs like mosquitoes. Thankfully, there are ways to fight back against insects while simultaneously adding a little aesthetic appeal to the backyard. The Farmer's Almanac notes that planting these insect-repelling plants around the patio or backyard can help homeowners successfully repel unwanted insects, including mosquitoes.

· Lavender: Lavender is a fragrant plant that adds a pop of purple and has been known to repel mosquitoes, fleas, flies, and moths.

· Basil: Basil can provide the best of both worlds, as it's been found to repel flies and moths and also makes for a tasty addition to pasta sauces and other dishes.

· Thyme: Also a valuable ingredient to keep in the kitchen, thyme can help keep hungry mosquitoes at bay.

· Mint: The Farmer's Almanac warns that it's easy to overplant mint, so homeowners should only plant with care and make a concerted effort to prevent overgrowth. Also great in the kitchen, mint has long been considered an effective mosquito repellant.

· Alliums: Like lavender, alliums can add a burst of purple to your patio. And though they aren't believed to repel mosquitoes, alliums have been found to be helpful against cabbage worms, aphids, carrot flies, and slugs.

· Chrysanthemums: If ants are drawing homeowners' ire, chrysanthemums may do the trick. These eye-catching flowers also are believed to repel fleas and roaches, among other insects.

· Marigolds: The scent of this awe-inspiring plant is known to repel mosquitoes and other pests. Marigolds also attract insects like ladybugs that are known to consume aphids, which are minute bugs that reproduce rapidly and feed by sucking sap from plants.

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Lifestyle

Travel

9/11 Memorial

Review:
We recently  had the opportunity to travel to New York and the 9/11 Memorial.  It was more moving that I could have imagined.  If you have not been, it is a well worth your time, but it will change you.  As you stroll respectively with the crowd notice the quiet.  The crowds will be large but spoken words are hushed and few.  Reverently, we offer the above video for our readers to review who might not have the opportunity to visit New York and the Memorial.   It is very easy to become preoccupied with our lives and the politics that dominate the evening news, but we would suggest that it is just as important to remember. 

Thousands of people were directly affected by the terrorist attacks of September 11, 2001. Millions more were glued to their televisions as they watched the news coverage of the attacks in New York, Washington, D.C., and rural Pennsylvania.

The former World Trade Center site was decimated by the attacks. The Twin Towers of the World Trade Center were part of the New York skyline for more than 40 years.

The World Trade Center spanned 16 acres and opened to the public on April 4, 1973. Including the two towers that fell, World Trade Center Building 7 and many other surrounding businesses were ultimately demolished. While 2,977 people perished in the 2001 attack, many find it miraculous that so many others were able to evacuate and escape death.

After the iconic towers fell, thoughts turned to the best ways to commemorate the memories of the people lost on 9/11, as well as the heroism that took place on that fateful September day. Out of the rubble came The National September 11 Memorial and Museum. Millions of people have visited the memorial, which opened to the public on September 12, 2011, and the museum, which opened on May 21, 2014.

Many tourists make it a point to visit the National September 11 Memorial and Museum when traveling to New York City. The memorial portion was the first to open and includes twin reflecting pools that are each nearly an acre in size and feature the largest manmade waterfalls in North America. The pools sit within the footprints of where the Twin Towers once stood. The names of every person who died in the 2011 and 1993 attacks are inscribed into bronze panels along the edge the pools.

In the memorial plaza, visitors will find trees harvested from locations within a 500-mile radius of the WTC site, and additional trees coming from locations in Pennsylvania and Maryland. Visitors will also see the "Survivor Tree," which was recovered from the rubble at the World Trade Center site in October 2001.

According to The National September 11 Memorial and Museum Foundation, the museum serves as the country's principal institution concerned with exploring the implications of the events of 9/11, documenting the impact of those events and exploring the continuing significance of September 11. The underground museum has many different artifacts from 9/11, including steel from the Twin Towers, fire trucks and debris. It houses 110,000 square feet of exhibition space and has multimedia displays, monumental collections, archives, and stories about the men, women and children who died during the attacks.

The National September 11 Memorial and Museum archives the story of destruction that occurred, but also represents the hope and camaraderie that the attacks spawned. 

911memorial  

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Business Services

Acquisitions 

BUSINESS OPPORTUNITIES FOR SALE!

Corb7 International
"Think Seven Continents, Think a World of Opportunity"

* 40-Year-Old Swiss Trust Company - SOLD
Established in the year 1982
Place of Incorporation Zug, Switzerland  

* 36-Year-Old Swiss Trust Company - SOLD 
Established in the year 1986
Place of Incorporation Zug, Switzerland  

NEW OPPRONTUITIES COMING SOON!

For Information regarding future opportunities please contact our office and schedule a complimentary consultation.  
 
Contact us at:  +1-310-601-3115 (Beverly Hills Office)

or Email: contact@corb7.com