This article is a summary of the tips and tricks that I gave my team to reduce stress and regain control, and avoid feeling overwhelmed.
“I am overwhelmed with stress!” – is what I have been hearing from my team a lot lately. And it makes sense, we are in the middle of the year, this year’s deliverables are due within the next few months, and on top of that, we started planning for next year. When they turned to me for advice, I shared all my knowledge, experience, and skills. They were pretty happy with the list of tips and best practices, so I decided to also share them with my audience here.
This article gives you tips and tricks to reduce the unnecessary stress in your work-life and gives you the tools to organize your life, get your career back in control, and be more successful at what you do.
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The income statement is a very important financial document. Getting familiar with its contents is a must-have skill for every entrepreneur.
Income statement is the other very important term in accounting (for more information about the first important term – the balance sheet, you can refer to this article: Balance Sheet – Explanation and Examples). It is a financial document that reports how well a company does over a specific period. Most importantly, it contains information about the income and the expenses of the company. And it also shows how much of the income has come from operations and how much from other activities.
In this article I am going to describe what is an income statement. Then, I will cover its parts. And last but not least, I will give specific and easy to understand example.
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One of the big secrets of the rich is corporations. In this article we show the difference between employees and business owners when it comes to taxes.
Taxes are payments from the citizens of a country to the government. Those payments fund government projects and other expenses that serve the public interest. By definition the taxes are legislated and unavoidable. Failure to pay is punishable by law.
The purpose of this article is to give general definition of taxes and the different types of taxes from economic and investment point of view. It also illustrates the difference between employees and corporations when it comes to taxes. And last but not least, it tries to argue why being a business owner of a corporation is better than being an employee, from taxation point of view.
There are more and more people that quit their daytime job in order to work as self-employed, business owners or investors. There are many reasons for such a big step and one of them is the truth about those payments to the government. Our goal in this article is to help you open your eyes and see the huge potential and opportunities of owning a business or working as a self-employed.
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Learning the basics of accounting is an important step for every entrepreneur. This article describes the balance sheet and gives a example of filling one.
Balance sheet is one of the most important terms in accounting. If you ever want to have your own company, you should learn about it. If you ever want to evaluate a company, you need to know how to read it. In any case this knowledge is important to anybody who wants to be an entrepreneur.
In this post I am going to describe what is a balance sheet and I will give an example that explains how and when you make changes of the balance sheet. This post is for you if you are interested in general knowledge in accounting. If you are already familiar with even basic accounting, you would not learn anything new here.
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Elevator speech is a short, clear message that communicates what you are selling, why you are better than the rest and how you can benefit an organization.
Elevator speech is a short presentation in front of a targeted audience. Sometimes all you get is 30 seconds in front of someone to present your idea, business, personal profile or company. It could be at a cocktail party, when you get hold of a potential high-profile customer. Or at a charity event, when you join the table of a venture capitalist, whom you are targeting. Or at the company Christmas party, when you find yourself waiting for the toilet with the VP of Engineering. It could also be the classic example in the elevator, when you travel between 14th and 56th floor with the CEO.
What would you say in that case? How would you present your idea (or business, or profile) in the best possible way? What are the pitfalls that you should avoid?
This article explains the term “elevator speech” and outlines different tips and steps that you can take in order to create and polish it. In case you are representing a company, it is assumed that you know your mission statement, vision and Unique Selling Proposition (USP). If you are an individual, it is assumed that you know your personal strengths and skills. In both cases it is assumed that you know you are trying to do and what you are trying to achieve.
To learn more about defining your USP you can go to this article. And to learn more about how to identify your strengths you can go here or here.
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