I Want a Promotion!

This article describes my unique way of pursuing a promotion by choosing the goals that will take me there and setting aside time to accomplish them.

I have spent more than a year on my current position as a Senior Professional. During this time, I deliberately kept my mind clear of the promotion process. There was so much to learn and grow horizontally that I did not want to miss the chance to do it by concentrating on something else. Now, I feel that it is time to take a look and architect my way to the Principal level.

This article describes how I approached my promotion by shifting my concentration from the urgent to the important. The culture of my current company praises self-driven, self-service professionals and this is why everybody has their promotion in their own hands. Nobody will take you there but rather you have to convince yourself and everybody else that you belong there. At your own pace.

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My Team is Overwhelmed with Stress at Work

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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Income Statement – Explanation and Examples

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 articleBalance 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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Taxes – The Big Secret of the Rich

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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Balance Sheet – Explanation and Examples

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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