Would you accept 1,185,000,000 Tugriks for your company? If you invested in a company, would you accept repayment of your investment and profits in Tugriks? Outside of Mongolia, where Tugrik is national currency, answer would be NO!

Acceptable International Currencies

Today, there are five major world currencies: U.S. Dollar, British Pound, Japanese Yen, Euro and Swiss Franc. Payments in any of these five currencies are acceptable almost everywhere in World.

There is a secondary tier of about twenty semi-acceptable world currencies, like Canadian Dollar. They can be used in international business because they can be converted into five major world currencies without issuing Government's review of currency transaction and Government's potential intervention and termination of payment.

Back to Tugriks

If you have a feed business in Ulan Bator, Tugriks are great. If you expect to die in Mongolia and have your children manage your feed business, Tugriks are terrific. However, if you want to expand your feed business into Russia or PRC, Tugriks become a serious handicap to your plans. If you want to send your children to Cambridge, registrar won't accept Tugriks for their tuition. Should you decide that Mongolian Winters are more than you care to withstand in your old age, you can't use Tugriks to relocate to South Pacific.

Assuming that you have average intelligence and a global vision, you'll do business in a major world currency. It's only way that your company can grow beyond your national borders. It's only way that you, your family and heirs will survive comfortable for next hundred years. There is a saying in States that few people heed. Don't put all your eggs in one basket. History teaches us that eventually political, economic and social upheaval destroy any basket (country).

Taxation Is Not Uniform Around World

In 11th Century, Robinhood fled to Sherwood Forest, objecting to a 20% Government income tax rate. A millennium later, income tax rate in UK is 50% and nobody knows exact location of Sherwood Forest. This isn't progress.

Bill Gates purchased DOS. He didn't develop it. He spent no R&D dollars to own it. DOS is foundation of Microsoft dominance of PC and Net Markets.

R&D is Black Hole of investment. R&D takes millions of dollars of expansion capital from any company. It rarely produces anything of value. Focusing on R&D is a sure path to bankruptcy.

There's a Better Way

It's out there. Find it. Most High Tech companies are trying to reinvent wheel. It may cost less to reinvent wheel in India than in Silicon Valley. But, why bother inventing what already exists? The worst case scenario should be that an existing technology must be modified to meet company's needs.

Free Technology

In Silicon Valley, NASA in Sunnyvale is largest supplier of free technology to industry. The U.S. Government wants to prove that Space Program has practical applications. They will work overtime to find technology, developed at taxpayers' expense, that meets your commercial needs. There is a significant list of these free resources available to anyone who bothers to seek cost effective technology development.

Open-Source Technology

It powers more than 70% of all Web servers and routes much of world's e-mail traffic. It makes surfing Internet simple and provides muscle behind Google's search engine and countless e-commerce sites. It's operating systems like Linux or FreeBSD.

University Technology The University of Illinois' National Center for Supercomputing Applications, which created an early browser, Mosaic, and Web server, HTTP, gave both away to Industry for nothing other than any re-distributions give University credit. The University decision lead to development of Apache Software Foundation in 1999.

Overseas Technology

From Russia to India, there are hundreds of thousands of excellent engineers who have developed products that will never be used. Some of those products will meet your needs. Take time to search for them.