Staying on Top of Things

Staying on top of things can greatly improve the way your peers perceive you and the value you bring to the organization.

Have you heard that compliment for someone? “He is always on top of things!” It sounds really good, doesn’t it? Are you that person? Maybe, maybe not. Do you want to be?

Staying on top of things is a direct consequence of putting the first things first on your calendar each day. More information here. But there is more than that. You need to unlearn to operate in crisis mode and you need to learn to operate strategically. This is not easy, but, like everything else in life, it is a self-improvement process.

This article is about learning how to anticipate the important requests that may (or may not) come your way in the future. And how to prepare for them in advance.

Continue reading “Staying on Top of Things”

The Best Books I’ve Read in 2017

A list of the best books I’ve read in 2017 that are relevant to the topics in my blog – personal and professional growth, optimization and productivity.

2017 was a busy year for me. I started this blog, changed my job, changed the country I live in … and the continent. But most importantly, I kept reading new and exciting books throughout the year. It was not easy, I had to read in buses and trains, at 5:00 AM and 10:00 PM. And I managed to cover all sorts of genres that could help me improve – philosophy, business, self-help, history, biographies. Here, I would like to share with you the best books for this year.

Before that, in 2016, spent a lot of time to setup my Goodreads account (link) and enter all the books I’ve read in the past. And for 2017, I set a personal goal in the platform to read 20 books. Challenges has remained my main motivator throughout my life and now I am finishing book 25 of the year! I know that the number is pathetic compared to other people that read 50+, 100+ and even 200+ books/year, but it is a great achievement for me.

In this article, I list the best 5 books that I would recommend to anyone out of this year’s 25. Here, I will stick to the books relevant to the topics in my blog and I will have a separate post for the most entertaining books that do not fall into this category.

Continue reading “The Best Books I’ve Read in 2017”

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.

Continue reading “Income Statement – Explanation and Examples”

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.

Continue reading “Taxes – The Big Secret of the Rich”

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.

Continue reading “Balance Sheet – Explanation and Examples”