Archive for the 'Accounting' Category

Create Heroes in Every Role: How to Solve the Shortage of Respect

Posted by: arlene on Tuesday, 12th Aug, 2008

Even if you thoughtfully examine the match between the employee and the role, you’ve still got a problem. No matter what conclusion you come to, the employee will invariably want to move up. The employee will want to be promoted. Every signal sent by the company tells him that higher is better. A larger salary, a more impressive title, more generous stock options, a roomier office with a couch and a coffee table, all this and more awaits the lucky employee on the next rung on the ladder. No wonder he wants to move up. ..more

The Art of Interviewing for Talent “Which are the right questions to ask?” part 2

Posted by: arlene on Sunday, 10th Aug, 2008

Here are two, of the infinite number of possible answers:

“I think it is very important to be persistent, particularly if you really believe in your ideas. We really encourage that kind of candor here. With my team, if I have a suggestion that others disagree with, I know they will expect me to keep supporting my idea until somebody comes up with a better one. In fact, it happens all the time.” ..more

The Performance Planning Meetings

Posted by: arlene on Monday, 4th Aug, 2008

To help him prepare, ask him to write down answers to these three questions before each meeting:

A. What actions have you taken? These should be the details of his performance over the last three months. He should include scores, rankings, ratings, and timelines, if available

B.What discoveries have you made? These discoveries might be in the form of training classes he attended, ..more

Decorating and Equipping the Home Office

Posted by: arlene on Sunday, 3rd Aug, 2008

If you want to be sure of creating the best impression you might decide to hire an interior designer. Alternatively, Laura Ashley charge £500 for a styling consultation for three rooms, refundable against purchases of £500 or more. At the most basic level:

  • Rooms in one neutral colour, particularly white and cream look larger than their actual size. ..more

Organizing the Home Office

Posted by: arlene on Sunday, 3rd Aug, 2008

There are thousands of successful businesses that started on kitchen tables. Laura Ashley, for instance, started as a ‘corner of the kitchenbusiness and went on to make millions. However, just because a business starts on the kitchen table doesn’t mean it should end there. If you intend to spend ten hours a day at work, then it makes sense to give some thought and time to the environment you work in. If you plan to entertain clients, then making sure your office is presentable is even more important. ..more

Hit the Ground Running, Tracking customers down, Work from Home

Posted by: arlene on Saturday, 26th Jul, 2008

However skilled you are at the work you plan to do from home, your primary consideration in setting up your new business, must be to establish your market. Quite simply, that means finding your customers. In any business, whether you are a plumber, consultant or counsellor, you need customers to succeed. Tracking customers down — and holding on to them — is one of the most difficult challenges for any new business. If it is remotely possible, it is best not to leave your current job, if you have one, before you have at least one or two leads. ..more

Start-up Businesses, bad Debt, Licensing, Registration and Inspection: help! I’m tied up in Red Tape!

Posted by: arlene on Saturday, 26th Jul, 2008

Licensing, registration and inspection

It is amazing how many businesses require some form of licensing, registration or inspection. Bed and breakfast establishments, for instance, may need to be inspected by fire officers, to be registered with the local authority, and may even need planning permission and official approval of their signs from local planning officers. That’s before they start taking on catering, in which case there is another host of rules to contend with. These rules have been set up for the public good, wisely or otherwise. But many people do not know about them. Unfortunately, ignorance is no defence and you could end up being fined heavily if, for instance, your kitchen is not up to environmental health standards for a catering business, or if you are an unregistered childminder. If you make toys which do not comply with safety standards or sell clothes without the correct labelling, you could also end up in hot water. ..more

Workplace Listening Skills (Public Speaking Anxiety)

Posted by: arlene on Thursday, 24th Jul, 2008

Most people cringe at the thought of giving a speech or chairing a meeting. The limelight is on you and everyone is watching and listening. Who wouldn’t feel at least a bit on edge under these circumstances? While many can muster their courage to get through these events, there are some who find their limbs shaking and their foreheads perspiring at the very thought of the next public speaking occasion. ..more

Career Crisis Workplace Listening Skills (Shyness at work)

Posted by: arlene on Thursday, 24th Jul, 2008

Shyness affects just about everyone under certain situations. While most people cope reasonably well with occasional shyness, there are some who live in a personal prison, unable to reach out and make friends or relate positively to others. Being shy at work can severely limit work effectiveness, unless of course, you work generally on your own with little or no contact with others.

Shy people present themselves at work in many varied ways. There is the quiet wallflower who fades into the background and is not often noticed. At the opposite extreme, there is the raging extrovert who can be loud, aggressive and abrasive, but who finds it difficult to relate on an intimate level to others. In between, there are many other people, such as the knocker, the person who knocks or degrades others. ..more

Profit and Success, Work from Home, Make indeed Money

Posted by: arlene on Tuesday, 22nd Jul, 2008

Market research is also invaluable in pricing your product or service. Ron Flounders, of Hertfordshire Business Link, which offers free advice to start-up businesses, says that all too often people work out their pricing ‘back-to-front’. They ask themselves how much they need to earn, what their costs are, and then price the product accordingly — regardless of what the market will pay. In fact, what you need to do is market research to establish what price the market will pay, then work out your costs and from that see whether it is worth going into business at all.’ ..more

Money, Money, Money – (Savings, Loan, Credit, Shares) what you need and how to raise it

Posted by: arlene on Sunday, 20th Jul, 2008

It is a sad fact of life that most small businesses require capital to start up. There are a few businesses which require only the minimum of equipment and stationery (journalism, PR and teaching, for instance), but most will require some form of outlay either for equipment, for stock or both. Then there are other considerations. You may need a budget for advertising, for accountancy and legal fees, or even for adapting your living room.

Before you even try to raise money, it is well worth thinking about the minimum amount needed. If the business is in the fledgling stage, try to keep only to the bare essentials — there will be time for a mahogany desk and state-of-the-art printer at a later, more successful stage. ..more

Getting a Grant or low-Interest Loan, rising Money for small Business

Posted by: arlene on Sunday, 20th Jul, 2008

There are thousands of grants and low interest loans available for small businesses. The problem is finding out what they are and whether your business qualifies. Some fields are more liberally provided with grants than others. For instance, the Crafts Council has a setting-up scheme which allows selected craftspeople to receive a grant of £2,500 for maintenance and up to £5,000 for equipment (they pay half of equipment costs), provided they apply within two years of setting up. While this would not cover your start-up costs entirely, it could certainly be a very useful addition. Other areas where grants may be forthcoming include : ..more

Wealth and Success, Nitty-gritty guidelines for Working at Home, so you’ve persuaded them! continue…

Posted by: arlene on Friday, 18th Jul, 2008

Homeworkers also need to work especially hard at ensuring they know what is going on within the office and avoiding isolation.. When BT conducted a teleworking experiment, allowing some of its Inverness operators to work from home, they found that one of the main grumbles was that the operators felt they were not kept up to date with company news the way they had been in an office. For those who work only a couple of days at home, this can still be a problem. It pays to phone in on your days out and to take part in any social events in the office. When you are in the office, make sure everyone knows that you are there — and keep your wits about you. ‘I make sure that when I’m in the office, I listen very carefully to what’s going on,’ says Helene Hook of the computer firm ICL. Kevin Attwood of Nat West Bank has formalized the process by having an updating meeting with his boss every week. ..more

Dealing with Workplace Problem People

Posted by: arlene on Monday, 14th Jul, 2008

With reference to a particular person X at work, do you frequently

  • Wake up in the morning and immediately think ‘Oh no, I’ve got to face X again today’?
  • Store anger throughout the day about X?
  • Find yourself frequently in conflict with X?
  • Experience jealousy about others‘ ability to get on with X?
  • Back away from confrontations with X and then get angry at
    yourself because of your inability to act appropriately?

Calls, Keeping the Conversation as short as possible, Learn Reducing the Telephone Bill (10-17)

Posted by: arlene on Thursday, 10th Jul, 2008

10. Wait for the call to come through

Stay at your desk until the call comes through. If you disappear the call charge is still ticking away. Nothing irritates the person at the other end more than hanging on for an incoming call.

11. Make maximum use of operator time

The operator is probably very busy at peak times but not so busy at other times. He or she may be busy for only 50 per cent of the time and may like to take on additional work for off-peak times. ..more

Calls, Keeping the Conversation as short as possible, Learn Reducing the Telephone Bill (1-9)

Posted by: arlene on Thursday, 10th Jul, 2008

Long telephone conversations are obviously expensive. Calls should be planned and precise but, in addition to keeping the conversation as short as possible, consider other ways of reducing the telephone bill.

1. Check for overcharges on your telephone bill

By keeping a close eye on all the detail and by checking against your own records it may surprise you how often you may be able to identify an overcharge. Perhaps you don’t even look at the telephone bill but please don’t leave it to the telephone company. Treat it like any other supplier’s invoice and subject the account to scrutiny. Get out the last three years’ telephone bills and compare the quarterly charges item by item, line by line. ..more

Overseas Trips: National and Inter-National Travel costs need regular Scrutiny, get costs reduced (11-18)

Posted by: arlene on Tuesday, 8th Jul, 2008

Employ more than one travel agent

Some firms get locked in to one travel agent, but by giving them a monopoly you could be the loser. Go to several travel agents to get comparative quotes for the same journey. Then you will see just how complex air fare structures can be and how a travel agent with a competitive spirit can save you a small fortune. In-house travel offices give good service but are they working as competitively as they can in a non-competitive environment?

Plan overseas trips

Overseas travel is so expensive that the maximum amount of planning should go into each trip. How often have you seen export sales executives sitting around waiting in the hotel foyer for their contact to arrive? Perhaps the reason for his delay is that your agent is out making last-minute appointments around town — a job which should have been done weeks ahead. ..more

Overseas Trips: National and Inter-National Travel costs need regular Scrutiny, get costs reduced (1-10)

Posted by: arlene on Tuesday, 8th Jul, 2008

Markets are becoming more international, distances are shrinking, more and more executives travel more frequently on overseas trips; travel expenditure is an area of potential waste that once brought under control, can significantly reduce your cost burden.

Check the necessity for the journey

Check the reason for a journey, check that it has been planned properly and that there are clear new objectives. Check that existing objectives cannot be attained by means of cheaper communication such as telex, telephone or fax. ..more

Cut Company Cars

Posted by: arlene on Tuesday, 8th Jul, 2008

Operate the minimum number of company cars

Cars are expensive, so keep the numbers down.

Provide employees with a fair quality car

According to status, employees are allocated a ‘grade’ of car. Be careful that the grading doesn’t drift upwards as car manufacturers improve their specification year by year.

Obtain the best trade-in values 

Many fleet owners dispose of their cars through auctions but it may be possible for a higher price to be obtained on a private sale basis. ..more

A major Industrial and Economic problem: Absenteeism & Boredom

Posted by: arlene on Sunday, 6th Jul, 2008

Working Absenteeism

Absenteeism continues to be a major industrial and economic problem. The causes are numerous, but where worker satisfaction is high, absenteeism is generally low. The problem is all too frequently dismissed by workers as a fault with the system, but management generally takes a far more serious view. Absent workers put a strain on their workmates who are generally required to take over the duties of the missing person. With less than the required number of workers available, the work process can be significantly retarded causing serious declines in productivity.

If you, the worker, are aware that you are taking time off work for sickies or because you are feeling just a bit off, then you should ask yourself what is wrong with your work situation. What is prompting you to be absent when you are basically fit for work? We can all have grey to black days. However, if these days occur every week or so, there is a problem somewhere. ..more

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