...Run a Better Business with Accounting Jesse Pulley Man-104 June-06-2013 Instructor Natalie Rufa Accountants are a crucial part to my business success. The key is finding the right professional to provide the services that my business needs to advance.( http://www.wahm.com, paragraph 1) I as a business owner/manager must educate myself on the questions to ask and the services that will help me achieve my goals. I realize that it can become a little overwhelming, but here are 5 things you need to consider before you hire that accountant. 1) Does the accountant demonstrate the ability to help find ways to get you financial gain? 2) Will the accountant be accurate and trustworthy? 3) Is the accountant up to date with their own taxable responsibilities? 4) What tools does the accountant harbor that will help you in your financial gains and losses? 5) Does the accountant’s references hold credibility? These are crucial questions to use when searching for the right financial advice and planning. The accountant or accounting classes are crucial to keep finances, documents, and records balanced, as well as being organized. It is proof for the operation of any business. Financial statements show the physical numbers of the cash flow and losses, they also make it easier to prove to a bank if ever a loan is needed.(http://www.oakhillbp.com paragraph 2) Having an accountant or the skills of one is beneficial and highly crucial to keep your business clear and clean...
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...I feel the more important stakeholder of the Better Business Bureau is the consumer. Consumers are the full reason why the organization is in existence. Upon inception, the Better Business Bureau was tasked with providing the consumer with the important vast knowledge of the purchase so that the consumer could be as equipped as possible when making a purchase. The organization also provides a unique service to those consumers of insurability. There is a peace in knowing that once a purchase is made, if issues arise, there is someone available to assist. Assuming the role of a stakeholder, I would take two steps to see that the company ensures that consumers are protected. The first step would be to strengthen ethical standards. I would...
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...Loss of consumer trust is hard to regain for any organization, especially for an organization like the Better Business Bureau whose primary function as a business is built upon being trustworthy. Furthermore, consumers are very suspicious when it comes to consumer reports concerning the ethical behavior of a company. But, for many years the BBB had gain public trust with its rating system of thousands of companies. Additionally, it also helped many companies gain extra business while negative ratings damaged the brand image of others and resulted in company losses. In this case, the critical issue that pertains to unethical behavior of the Better Business Bureau was the organization willingness to advance better rating to companies...
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...The Better Business Bureau is considered to be a non-profit organization that relies on funding. This organization is the middle man of the customers and the business. The main purpose behind this organization is to ensure that a particular business is achieving the standards of the Better Business Bureau accreditation standards. There are certain systems and protocols that have been put in place by the BBB to ensure that both the businesses and the customers are being protected. There is a argument resolution procedure in place. This was created and set in place by the council of the Better Business Bureau. These are also made sure to be followed correctly by the local Better Business Bureaus as well. If there is a disagreement that arises...
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...Better Business with Accounting Accountant can help you with all aspects of business finance. New business owner, an accountant can provide you useful advice on contemplated planning and financial structure in all your business operations. Accountants can also give advice about loans and investments that are best for your business. Accountant will help you to indication maximum and cost-effective efficiency in your business procedures and routines. While manages over several employees, has expenses store rent, utility bills, office equipment or product inventory. Accountant will help synchronize a payroll system, organize your budget so that you reach a profit goal, offer alternatives to expensive, costly procedures, and advise you in major purchases Bookkeeping records your sales and purchases, regular expenses, your bank balance and all other financial events related to your business. Accurate records of your financial transactions, in the future of flows in gains or losses. Improper bookkeeping can easily cost you a major financial crisis. Accountants can help make sure your business stays on top of things. Accountants can do all of your taxes for you. You won’t filling out the wrong forms, missing out on a tax privileges. Your attention can be focus on the other important matters of your business. An accountant will help keeping your business together from falling apart. Financial statements tell you the performance and the value of your company....
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...Hints for Business Blogging Success Inc. So, you want to create blogs for your business? Here are just a few ways in which you can create meaningful, lasting impressions on your readers and your leadership that you are the person for the task of conveying the business’s information. Blogging in our society has a great many uses, whether those purposes be for keeping friends updated on your personal life, or your take on the new special at your favorite restaurant. The corporate world also use blogs in much the same fashion, but includes information more to keep inquiring minds in the loop on what is going on in industry. The variety and content in the quintessential blog lies in the skill, planning and effort of the writer. These are the blogs that receive the strongest following, and in turn keep their business inundated with curious readers. How you ask? Well follow these ideas: Include only Important, Helpful Details As always, you should write to your audience, always keep in mind that is it your customer, the industry or the public at large that wants to come away from your message feeling like they just received something valuable. If after writing line after line you don’t feel you have conveyed anything of valuable, it may be time to go back to the top and revise. Interesting, meaningful information is key to continuous readership. Make Posts that Shine like Diamonds Continuous polishing and proofreading enables us to create a jewel from a raw...
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...Article Rebuttal January Prather BCOM/275 Business Communications & Critical Thinking January 13, 2013 Francis Demasi I am writing about an article I read called “Scam of the Month- Visalus Sciences.” Visalus Sciences is a health and wellness direct selling company that was founded in 2005. Visalus sells supplements, shakes, and other drinks all designed to help people lose weight, get in shape, fight aging, support immune system, boost metabolism, manage appetite, increase energy and overall get healthier. In the article the writer states that Visalus Sciences is a scam. The writer claims it is a get rich quick scheme. The writer attempts to argue his case by saying that Visalus products are not sold in stores such as GNC so the products are unknown and questionable. He states that distributors in Visalus are required to sell the products and only make commission off of every sale past $200. He claims that if distributors have no buyers, they would have to start buying extra products for themselves or to resell not earning any money. This instead, he says makes the company Visalus money and not the distributors. He also claims that distributors have to rip people off to have success in Visalus and will never make any real money. He states and I quote, “Unfortunately, Visalus preys on the unfortunate and uneducated with false hope.” I do not agree with this article because I am very familiar with Visalus. I have used their products and have a few friends who...
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...Moore Jeff Bowing Business 508 1820 Cross Vista Drive Cary, NC 27606 Telephone: 919-765-5152 Email: czin@yahoo.cm Instructor: Dr. Glenning Corporate Culture Comparison 2 Abstract Corporate culture was compared between Michaels and A. C. Moore determining how they differ from one another. Three different ways each unique culture has benefited by the others competition will be discussed. A discussion of how each company will continue to thrive if its current corporate culture would need to change in the near future. Corporate Culture Comparison 3 A corporate culture comparison between Michaels and A.C. Moore will be discussed in this paper. Corporate culture is extremely important to the success of any business. Every business has a distinct corporate culture with not one being alike. The chief executive or owner sets the tone for corporate culture. Spot states “the corporate culture is the operating environment that is set and shaped by the executive: • the way people dress • the way people act • the way people present themselves • they way people conduct their work • the way supervisors are encouraged to manage departments • the way customers are treated and served • the way workers interact with supervisors • the way workers interact with each other • the way people interact between departments • the way people interact with the public • the way business is conducted and...
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...Importance of business communication for a better management Introduction The modern-day business world is very competitive and full of innovations. For an organization to survive the competition has to be very alert and effective. A firm must make a potential business planning and should make sure that it is capable of conveying its strategies to its employees, shareholders and ultimately to the customers. It is here, where an effective communication system becomes the backbone of an organization. A proper communication system is of paramount importance for an organization as it manages the internal as well as the external management system of an organization. An effective communication also helps to manage changes in an organization. Read more: http://www.ukessays.co.uk/essays/management/importance-of-communication-system-for-organization.php#ixzz3WbkSjZsx COMMUNICATION: Communication is a process of transfer of information from a sender to a receiver through a proper channel. Types of communication: Verbal: The sharing of information between individuals by using speech. Individuals working within a business need to effectively use verbal communication that employs readily understood spoken words, as well as ensuring that the enunciation, stress and tone of voice with which the words are expressed is appropriate. Read more: http://www.businessdictionary.com/definition/verbal-communication.html#ixzz3WcMtXrt9 • Written or oral use of words to communicate ...
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...the business. Understanding these concepts, I see now how I could have applied them to my previous job. Understanding the cost of maintenance from both a short and long term, previous purchases, all of these different cost now made more sense with what I was able to control, direct and indirect material cost. I began to see the bigger picture of what it would take to run a plant. Applying these concepts to my business, MS Furniture Group, I begin with the different classifications of the cost that I will incur with my business, which can lead to cost saving opportunities for my overall bottom line. First step, I can classify my business as mass customization. I will have a high volume of training tables to produce, but offer different customization options, dependent on what the customer wants. This will help in delivering a quality product to customers that meet their specific needs. Looking at my direct cost of labor, I have a very controllable cost, that with improved management of labor, including better management of overtime, and labor per piece, I can look at some cost saving opportunity. I also have a controllable cost in my material handling aspect of the business. Coordinating better with manufacturing to have material available at peak times, will show give a better management of labor. One of the newer concepts from reading the material is opportunity cost and sunk cost. With how my product is made, machine maintenance is a key factor to keep the business running...
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...Baldridge Principles are an excellent way to measure the quality of standards, especially in school or in the workplace. The Baldridge Core Principles have areas that should most definitely be seen throughout the workplace in order to help that business improve the relationship not only between employees, but between partners and customers as well. The Baldridge Principles allow businesses to effectively self-assess themselves, which is a must if they are going to continue to improve the organizational practices, capabilities, and results of the overall business. Not only do they help with the assessment process, but they also allow better communication throughout the business, as well as a better understanding and management of company performance. Although there is a long list of core principles, the ones that I personally believe are the most important towards the business world include visionary leadership, organizational and personal learning, focusing on the future, societal responsibility, and valuing workforce members and partners. These seem like the most important qualities to me because they encourage respect and encouragement throughout the entire workplace as well as focus on new ways to keep improving the business. The one principle that is included in Baldridge Core Principles that I have a hard time with is Customer-driven Excellence. Customer-driven excellence is a description that many businesses...
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...COM425 Kristine Clancy Nov 8, 2014 FINAL PAPER 2 Listening Audience! At the root of effective listening is appreciating the difference between hearing and listening. Hearing is merely a physiological process; whereas, listening is an interpretive process (Schnell, Jim 1995).We can always learn something from listening to someone. Humans are special in that way, and as listeners, we cannot have that attitude like we know everything. Someone will always have a difference of opinion, it just matters how you will use the information. Some people may think that listening is a waste of time, but in actuality, listening is never a waste of time. The more we pay attention and push ourselves to be active listeners, the better the communication will be with our peers, leaders, employees and customers. It is very important that we understand both how we listen, as well as who is speaking to us in order to become more efficient listeners. There are many different types of listening skills these days. We have to understand how listening works, in order to improve our listening skills and to be a more effective listener. We must be actively engaged when listening, so that we can understand what is being said. We have to make sure that we listen to verbal and non-verbal communication, in order to get the full spectrum of what is being communicated to us. Here are some common listening types: active, inactive, total and partial. Of these four, active and total are...
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...Title Instructor Name Date WORKING CAPITAL – MANAGING GRWOTH Working capital management is the toughest task for the business growth. It is very important that, we go for funding requisite amount in form working capital as per the needs of the business in appropriate time. Hence it is pretty encouraging that, every entrepreneur looks for an appropriate working capital (Investorword's.Com. 2013) for the business. Phase – 1 Sales - The sales are increasing by $4 million each year and it may be accepted as SNC started it’s business in the year 2006 and would be thinking of improving the business slowly. The additional sale would be added by the company over the next three years of time frame and the sales trend analysis (Rosella, 2013) is little encouraging. It may be believed that, the new addition of this corporate client would give a message to the other new potential customers and would help for the future business as well. EBIT – It is understood that the earnings before interest and tax would be remain more less flat for the next three years, but at this stage , it is highly important for the company to go ahead with the deal. The earnings of $ 0.26Million is very helpful to the company in this stage. Better Earnings before Interest & Taxes (Investopedia.Com, 2013) is a good indicator for the firm. Net Income – The net income for the company in the past has gone under drastic change and under this phase it does not show any improvement .Instead the...
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...distribution centers and 13,000 employees. They have basically out grown the system they have. To support the growth the legacy system need to retire and new business process and data software needs to be pursued. They chose SAP ERP Human Capital Management software to improve their HR processes. The legacy software was not integrated to the company’s payroll so everything had to be rekeyed concerning employee’s time information. Reports were also time consuming, which required IT to compile information from spread sheets across the entire company. Payroll tied up the software for a day and benefits were just as difficult. Employee enrollment was on index cards at each location. Information was everywhere, with no way to track audit trails or processes. They had to change the whole management program through training and ongoing communication. They also had to get a dedicated team that would support the business needs, to make decisions and were also named as point of contact after going live. The reason SAP was selected because it was unified software that would integrate all of the business processes. Which this enhanced business intelligence functionality. SAP was a great commitment to the retail industry. SAP was developed due to the fact it required no additional customization. Finally it had the easiest enhanced business functionality. They also felt that the reduced level of support by IT to create and run reports. It would increase self-sufficiency of the HR department...
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...companies want to deliver products and services better, faster, and cheaper. At the same time, in the high-technology environment of the twenty-first century, nearly all organizations have found themselves building increasingly complex products and services. It is unusual today for a single organization to develop all the components that compose a complex product or service. More commonly, some components are built in-house and some are acquired; then all the components are integrated into the final product or service. Organizations must be able to manage and control this complex development and maintenance process. The problems these organizations address today involve enterprise-wide solutions that require an integrated approach. Effective management of organizational assets is critical to business success. In essence, these organizations are product and service developers that need a way to manage their development activities as part of achieving their business objectives. In the current marketplace, maturity models, standards, methodologies, and guidelines exist that can help an organization improve the way it does business. However, most available improvement approaches focus on a specific part of the business and do not take a systemic approach to the problems that most organizations are facing. What holds everything together? It is the processes used in your organization. Processes allow you to align the way you do business. They allow you to address scalability and provide...
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