Understanding the Bottom Line in Business

Understanding the Bottom Line in BusinessUnderstanding the Bottom Line in BusinessThe world of geschftlicher umgang is filled with a variety of terms, jargons, and odd phrases along with an ample supply of acronyms. The term bottom line is often used and refers to the profitability of a business after all expenses are deducted from revenues. Bottom line profits are net profits after all the costs of the business have been accounted for. The remainder is either a positive or negative figure. The phrase has also morphed into everyday business usage in conversations where someone is attempting to communicate a final conclusion, outcome, or recommendation. For example The bottom line is, we are not able to manufacture more than 10,000 widgets per month without an expansion in production capacity. Or, My bottom line price is $4.55 per unit. I cannot go any lower. The Bottom Line Is the Outcome of All of the Work of the Business It is not uncommon to hear some variation of the phrase, we are managing to the bottom line. It is a misnomer. A company may set bottom line profit targets, but circumstances in the marketplace (and the firms strategy and operations) ultimately combine to create the revenues and costs that determine the bottom line. For example, an organization chooses to invest its resources in a strategy to find and keep customers. It develops products or services and markets those offerings, helfende hands its customers and then repeats the cycle again and again. At the end of each accounting period, the company calculates what it received from customers (and other revenue sources) and subtracts all the costs incurred in the process. After accounting for ansicht costs (including taxes, interest on debt, and various accounting-driven numbers including depreciation and amortization) the company arrives at a bottom line number. It is either the net profit or net loss number. Planning for the Long-Term What a company can (and should) do to stay health y is monitor and control expenses while striving to minimize unnecessary (or wasteful) expenses. It should all be done while, concurrently, optimizing the allocation of resources to support the companys strategy. This type of managing to the bottom line is reasonable and healthy. Organizations that focus predominantly on costs and choose not to invest in current strategies (or fund investments to support future initiatives) often struggle in the long-term. The Bottom Line as an Indicator of Business Performance The bottom line numbers are an important component of the scorecard for management. Positive and growing profitability over time is a testament to a variety of factors including Good market and customer selectionThe creation and delivery of products and services valued by customersEffective allocation of investment dollars in support of targeted customersEfficient control of costs across the organizationPositive marketplace and macroeconomic factors Alternatively, declini ng or low bottom line numbers over time is an indication of challenges in one or more of the areas mentioned above and should be examined by management. Shareholders, the board of directors, and employees all rely on the bottom line numbers after each accounting period (usually quarterly) to assess the effectiveness of the companys marketplace strategy and internal management. Of course, when bonuses or annual salary increases are tied to bottom-line results, employees naturally pay more attentive to these numbers. The Limitation of Bottom Line Numbers as an Indicator of Performance Although profitability numbers are important measures of a companys current success (and are used to compare previous time frames), they are not a tell-all. They do not tell management, directors, shareholders, or employees what worked or what failed. Poor profitability numbers are an indication that something is wrong, ranging from strong competition to adverse economic circumstances to a failed str ategy to runaway costs. Likewise, positive numbers do not highlight what part of the companys overall approach is working. It is possible for strong economic conditions (or competitor failure) to lift revenues and improve profits, in spite of poor cost control or a weak long-term strategy. In financial reporting for publicly listed and traded firms, it is important to look at the detailed notes including footnotes. It helps management (and other stakeholders) understand the assumptions, accounting approaches, and final derivation of the bottom line number. The Bottom Line on the Bottom Line Profit is an outcome of all of the activities of an organization. It is an important indicator of overall conditions in the companys target markets. It is also a barometer of managements effectiveness in selecting strategies, investing in products and services, marketing, and cost control. Profit should be compared over a period of time, and those involved should look carefully at all variabl es to understand the factors leading to a companys bottom line.

Steal ideas from other people None of us can do it alone

Steal ideas from other people None of us can do it aloneSteal ideas from other people None of us can do it aloneIsaac Newton is one of the most accomplished human beings ever to set foot on Earth.His work on the laws of motion and universal gravitation changed how we see the universe, and his influence on fields ranging from optics to astronomy to calculus can be felt today.As a person, however, he was often petty, egotistical, and very difficult to get along with. There are many known stories of him behaving in extremely erratic ways with the people in his life.And yet, by all records, there appears to be a kampfstark distinction between the Newton that the public and the community dealt with, and the Newton that pursued his scientific endeavors.Although he wasnt particularly inspiring as a colleague or acquaintance, the way he treated his fascination with understanding why the world worked the way it did was different.When it came to the art of invention, Newtons approach was that of great humility. He saw himself simply as a curious student wandering the shore of an ocean of undiscovered truths.In a letter exchanged with a rival, Robert Hooke, in 1676, he gave us perhaps one of the greatest insights into the process of discovery when he wrote the following wordsIf I have seen further than others, it is by standing upon the shoulders of giants.Collective intelligence is ur successHumans have been around for approximately 200,000 years, but up until about 70,000 years ago, we werent too different from any of the other animals in our impact on the environment.Then, in a relatively short period, we became the dominant predator on Earth. A few 10,000 years later, we began settling into agricultural communities, and less than 9,000 years after that, we learned to write. Since then, our rate of progress has only gotten faster.The gammeln world we enjoy today is inconceivably different from the world weve lived in for the majority of our existence. It begs an import ant question. What changed?The answer lies in our ability to pass down knowledge. No other animal can do it as we do.It began with the stories that our complex form of language enables us to tell each other, it was compounded as we started to write down information, and it shifted into a whole new gear when Newton and his predecessors kicked off the scientific revolution.Alone in the wild, were no match for a lion or a gorilla. Together as a species, our collective intelligence has enabled us to rule the planet. Our power grew from large-scale cooperation.If Newton hadnt first read the work of Copernicus, Kepler, and Galileo, he wouldnt have known where to start. He had what he called a Waste Book where he stored any important passages from the texts he read. It inspired many of his discoveries.Through written words and our communications systems, we have the ability to connect from across seas and centuries. Without our collective knowledge, wed be starting from scratch with each n ew generation, and our impact on Earth would be astronomically different.2Nothing is entirely originalThe words discovery and invention often refer to something new something useful that didnt exist before. And given this connotation, when most of us think about a discovery or an invention, we think of it as something groundbreaking that seemingly came up out of thin air.That isnt an entirely accurate way of looking at it. In actuality, any new idea, process, or method is in some way a combination of old concepts and information.Sometimes, the connection between existing knowledge may well be loose and abstract enough not to be immediately visible, but no discovery or invention is completely original.The basic notion of creativity which is what leads to something new is that its a process of seeking relationships between what we already know. Its about combining a mental inventory of the past and mingling it around in a new way that somehow contextually works.In science, for examp le, new ideas go through a process of refinement. They begin as a hypothesis, and they develop into theories if they consistently pass the experimentation phase. Any theory is held firm until its proven wrong by another reliable experiment.Hypothetically speaking, nothing can ever be proven right. It can only ever be falsified or proven wrong. Science is an approximation game of being less and less wrong over time.With that in mind, the context of Newtons brilliant insight makes even more sense. To discover and invent what he did and to see what he saw, he had to have known the work of those who came before him. He had to start at a higher vantage point than anyone in history.Old discoveries pushed knowledge closer to the truth so that Newton could push it even closer. Without an awareness of past ideas, his own point of reference wouldve been off.Discoveries are never a product of pure single-handed originality. That doesnt exist.All you need to knowToday, Newton is considered the father of modern science. He looked far beyond what had previously been seen, and he pushed our knowledge of physics and mathematics forward.Ironically, he knew better than most that it wasnt all him. He had a deep appreciation and understanding of how the process of discovery occurs. He knew he had help.If I have seen further than others, it is by standing upon the shoulders of giants.Its a simple yet clear sentence about how we make progress. Its a reminder to share the credit for our successes and to harness the power of what others can teach us.Our prosperity as a species rests on our collective intelligence. Alone, and without the power of past knowledge, we wouldnt be where we are today. Wed be starting from scratch with each new generation. We rely on others more than we depend on ourselves.Even the inventions and discoveries we consider original arent entirely so. Theyre a product of both a simple and complex combination of existing elements of our reality. The creative proc ess is just a way of finding relationships between what is already known.None of us can do it alone, and we dont have to. There is inspiration to steal everywhere.Want to think and live smarter? Zat Rana publishes a free weekly newsletter for 30,000+ readers atDesign Luck.

5 Ways to Cover Your Web Tracks

5 Ways to Cover Your Web Tracks5 Ways to Cover Your Web Tracks5 Ways to Cover Your Web TracksFacebook.LinkedIn. Twitter. YouTube.Recognize those names? They may be little more to you than fun, creative, online forums to voice your personality. But youve heard the warning before If you want something to be private, dont post it online. In the age of social networking, ignoring that warning can prove disastrous. Its no secret that recruiters and hiring managers use the Internet to filter candidates before they even make initial contact. If youre on the hund for a new job, take my advice and follow these five tips to cover your own web tracks1) Google yourself. Weve all done this before. Even out of pure curiosity, we want to know what everyone else in the world will find if they search for our names. Give it a try and see what pops up. If you cant find anything within the first 3 or 4 pages of results, then youre probably in the clear. But if you do spot some relevant links, move on to ...2) Review your profiles. Typically, the links that show up in your search lead to profiles on social networking sites (such as Facebook and others listed above). Review these profiles to see what others will see if they do the same. Not happy with what you find? Take the necessary steps to a more professional profile and ...3) Remove embarrassing pictures and content. The best part about social networking is the ability to express yourself and connect with friends when its convenient. But when youre looking for a new job and interested recruiters can easily view your profile, clean it up a bit by wiping out any pictures of yourself half-naked, wrestling in a pit of mud and beer (well, you get the idea). If its not professional, it could skew the professionalism youre trying to project to future employers. Also, make sure that nothing you have on your profile contradicts the qualifications and skills you put on your resume. If you claim to have excellent communication skills, don t let your About Me description show otherwise with misspelled words and sloppy sentences. Dont want to dismantle your online personality to such a degree? Then simply ...4) Change your privacy settings. Every networking site has user-changeable privacy settings, and if youve never played with them before, nows the time. If you did a web search for my name right now, youd discover that Im an author on something called The Blog and that I have a Facebook account. I dont want to give the world access to every Facebook detail about me when they click on that link, so I tailored my profile to show only what Im comfortable with. To do the same, just find the settings that control your public profile and tweak them until it (a) no longer shows up in a web search, or (b) displays only what you want the world to see. But remember, the web is not always something you can control, so just try to ...5) Relax. If youve exhausted your efforts and just cant fix or remove your own web tracks, cons ider this If an employer fails to consider you for a position based solely on your social networking profiles, you probably dont want to work for them anyway.

Study Toddlers respond much more to print books over e-books

Study Toddlers respond much more to print books over e-booksStudy Toddlers respond much more to print books over e-booksA laboratory-based, counterbalanced study published March of this year in The Journal Pediatricsexamines the reading habits employed by parents and their two to three-years-olds.Researchers at the University of Michigan initiated the study with 37 pairs of parents.All parents were asked to read similar stories using three different formats traditional printed books, electronic books on a flachrechner and enhanced printed books equipped with interactive animations and sounds. All interactions were videotaped.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreToddlers prefer the gold standardAs it turns out good old fashioned printed books inspired the most positive verbal interactions between toddlers and their parents. These included questions and remarks that indicated generally focused engagement.The study reports,Parents and toddlers verbalized less with electronic books, and collaboration was lower. Future studies should examine specific aspects of tablet-book design that support parent-child interaction. Pediatricians may wish to continue promoting theshared reading of print books, particularly for toddlers and younger children.The first author of the study,Dr. Tiffany Munzer, found that reading through a tablet seemed to stiflethe rich back-and-forth turn-taking that was happening in printed books. The researchers believe that the inherent distractions associated with electronic devices generate the wrong kind of dialogue. Things like dont touch that button, or stop adjusting the volume, in addition to mini disputes about who got to hold the respective devices. Generally speaking, tablets are associated with independent use which also impedes socially interactivity.There are certainly benefits to more interactive forms of taking in information, but to ddlers in particular benefit from energetic communal-synergistic learning experiences.Because some recent studies suggest reading for fun tends to decline as children enter the world of academia, its vital to introduce reading as an enjoyable social activity as early as possible. Independent research has shown that children that read with their parents very early, express skills of concentration, linguistic proficiency, and even empathy.Dr. Munzer confirms, saying, Shared reading promotes childrens language development, literacy, and bonding with parents.Unlike older children, toddlers tend to retain information much less readily when its presented digitally. Parents that are enthusiastic and interactive with their toddlers while reading with them will ensure that the childs love of literature will follow them wellinto adolescence.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study fi nds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

What Is So Fascinating About Resume for Job?

What Is So Fascinating About Resume for Job? A stylist is going to want to concentrate on special treatments theyve learned and a retail associate might want to display their merchandising expertise. If youre attempting to obtain work in accounting or finance you require averystrong resume. There are multitude of tasks involved with production administration. Accounting and finance managers may wish to see your technical understanding. Your jobs could be varied, your experience and techniques vast, and it can be challenging getting it all on paper. If you dont are unique, your work experience is going to be limited (which is the reason why you list your education first). Your experience should deal with every necessary qualification in the job announcement. Volunteer experience is also a great add-on to healthcare resumes as it shows the hiring manager which you have compassion off the work also. A superb production manager needs to be in a position to explain fluently all o f the business targets, procedures and timelines to everyone involved with the practice. Production managers job requirements vary based on the essence of the industry that you want to get into. Find out more about the business and the position, even when youve completed the very same sort of work for decades. Write If youre applying for work abroad or a position in a business that is employed on an international degree, you will need to demonstrate that you have what is necessary to stay informed about their fast paced work environments. Just make sure, whichever format you pick, which youre targeting it for the job that youre applying to. Well, a part of software analyzes your resume for sure keyword phrases and provides you a score based how well your resume matches a predetermined collection of keywords chosen by the business youre interviewing with. When you format your resume you need to be sure your leave enough margin space to permit for printing. Have a peek at these examples to choose which format is right for you. Resume for Job - the Conspiracy With the targeted CV, youre tailoring yours to the position and making it simpler for them to find the keywords they will need to discover whether youre fit for the job or not. Your resume may also make you a special person in the view of employers. Resume Help It is a great instance of a traditional CV that could work whatever position youre applying for. Notice how the example resumes are extremely specific when it has to do with technical skills. If You Read Nothing Else Today, Read This Report on Resume for Job Visual CV There is always likely to be another person that has the similar qualifications as you but not everybody will present it in exactly the same way. The issue is, plenty of people dont see it like an art formrather an obligation. Most men and women look at writing a resume as just something youve got to do to have a job. Your job (while youre attempting to find a job) is to make sure that you fit what theyre searching for. Its possible for you to use our resume building software to produce your own from scratch. A number of the most effective professional designers have been working day and night and thats just the main reason why we can give you the finest graphic CV example. Decide on a resume template which suits the essence of the job that you want to apply to and build upon it to create a winning resume that you are able to trust. Drafting a great infographic resume is a time intensive and a tricky job and therefore to assist you with the very same, various infographic resume templates are readily available. Since your resume is really the very first impression you give, it is critical that you make it as simple as possible for other people to read it and comprehend this, or else you probably wont get an opportunity to make an impression in person. Quite simply, write your resume to fit the job that you want, not the one that you need to leave behind. Each time you put in an application for a new job, check your resume to make sure that it is not only targeted, but in plus-rechnen current. A summer job may be a good method to develop valuable work experience while earning extra money.

New Ideas Into Writing a Resume with Transferable Skills Never Before Revealed

New Ideas Into Writing a Resume with Transferable Skills Never Before Revealed Transferable skills are universal skills that could transfer from 1 job to another, in nearly any career field, regardless of the kind of work. Transferable abilities, also called portable abilities, are qualities that may be transferred from 1 job to another. Generally, you truly must adhere to a conventional job application. Thankfully, its not tough to understand which skills an employer is searching for as theyre normally clearly specified in the job postings. Many times, in turning in an application for a work position, it is helpful to demonstrate you have transferable skills to provide a position or industry-especially, if youre changing careers or forms of positions. With a Indeed Resume its possible to select your abilities and experience visible to employers and supply them an effortless ways to speak to you about relevant jobs. What You Must Know About Writing a Resume with Transferable Skills To begin with, you need to learn how to take advantage of your transferable skills. Learn about the three sorts of skills you can highlight and the way youre ready to include them into your resume. Go through the list and identify thetransferable resume skills youve got. Listing your skills provides a chance to showcase your abilities and experiences to prime employers for the remainder of your resume. The Importance of Writing a Resume with Transferable Skills Moreover, writing lesson plans may appear daunting, but not to worry since youre an expert at writing procedures for your workplace. Superior writing skills are as vital as having the ability to speak to someone clearly. Your resume is only going to matter after you buy a referral and have to deliver your resume, or at an interview as soon as the particular person whos interviewing youll ask questions off your resume. A variety of people are really hesitant in regards to create resumes for themselves and have a specialist to find the business done. Type of Writing a Resume with Transferable Skills Effective leadership and management involves taking charge and motivating others to accomplish certain goals on a person, team and business level. Writing work application is normally an intimidating issue. Make certain you list an assortment of skills your befhigung employers are looking for, including mentioning your skills in creative content strategy, social networking analytics and search engine optimization (search engine optimization) for a position as a social networking manager. Its possible to transfer leadership skills to a lot of unique industries because most employers value people who are able to organize teams to reach shared objectives.