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Article Check - Prepared People Provide the Competitive Edge
Depreciation, Causes of Depreciation, Need for Provision of Depreciation
Life span of an asset to a business rests primarily, on the purpose of its acquisition and secondary, on its nature. An item acquired for immediate consumption or sale is a short-lived asset and that meant for prolonged use, is long lived asset, though both produce revenues. Whereas the former asset expires within one year of its acquisition, the latter asset lasts longer. Hence almost entire expenditure on a short lived asset becomes an expense and is matched against current year's revenue.But the position is otherwise with a long-lived asset which wears out or depreciates over a long period. Accordingly, the outlay of a fixed asset is spread over several years and annually only a fraction thereof expires. Simply, this fraction, called expired cost or depreciation, is charged against current revenues and the rest, termed un expired cost, is carried forward for
obsolete in 3–5 years.
Life span of an asset to a business rests primarily, on the purpose of its acquisition and secondary, on its nature. An item acquired for immediate consumption or sale is a short-lived asset and that meant for prolonged use, is long lived asset, though both produce revenues. Whereas the former asset expires within one year of its acquisition, the latter asset lasts longer. Hence almost entire expenditure on a short lived asset becomes an expense and is matched against current year's revenue.But the position is otherwise with a long-lived asset which wears out or depreciates over a long period. Accordingly, the outlay of a fixed asset is spread over several years and annually only a fraction thereof expires. Simply, this fraction, called expired cost or depreciation, is charged against current revenues and the rest, termed un expired cost, is carried forward for
Branding Mistakes - Brand Identity Guru
1. It “sells itself.” I don’t need to market.Okay, you might have a solid product or service. You might even routinely satisfy your customers. They might even send their friends and family to you. But wait. Is that your product or service selling itself? No (that is, unless your widgets have learned to speak). That’s one of your customers playing out-of-the-goodness-of-my-heart salesperson for you. Yeah, word-of-mouth is nice, and if it’s happening for you, congratulations! It’s a sign of a great product or service. But relying on it exclusively can hurt you. Yes, six degrees of separation and all that, but counting on those connecting conversations to consistently mention you, especially down the line, is a bad gamble. Word of mouth needs help. A kick in the butt: a reminder to your customers of their good experience with you and an enticing offer to potential
Is your company on the right track? Are they, are you focused on the important things that will drive success in the future? Will the product you sell, the customer you serve remain the same five to ten years from now? How about your job, will the skills you have today serve you in tomorrow's job market? Not likely!1. It “sells itself.” I don’t need to market.Okay, you might have a solid product or service. You might even routinely satisfy your customers. They might even send their friends and family to you. But wait. Is that your product or service selling itself? No (that is, unless your widgets have learned to speak). That’s one of your customers playing out-of-the-goodness-of-my-heart salesperson for you. Yeah, word-of-mouth is nice, and if it’s happening for you, congratulations! It’s a sign of a great product or service. But relying on it exclusively can hurt you. Yes, six degrees of separation and all that, but counting on those connecting conversations to consistently mention you, especially down the line, is a bad gamble. Word of mouth needs help. A kick in the butt: a reminder to your customers of their good experience with you and an enticing offer to potential
Most of us know that there is something wrong with the way they work today. Yet we keep doing the same things naively expecting different results. Getting out of this rut and moving forward requires a new focus and new ideas. In the face of these ever-changing realities the only way that we can get ahead of the curve is by learning to clearly articulate goals, watching and predicting trends.
Did you know that?
- Experts estimate that 80% of products that we use today will be obsolete in 3–5 years.
- 50% of all jobs for the next six years have not been created.
- 50 years ago it took a lifetime for technology to make a job irrelevant—now it takes 2–3.
- A New York TimesHow to Grow Your Business Fast !ars from now? How about your job, will the skills you have today serve you in tomorrow's job market? Not likely!
Every business owner naturally wants to grow his/her business fast!Some businesses achieve this goal through effective marketing campaigns. But, for many others it is not so easy to take their businesses to the next level in a relatively short period of time; sometimes it takes years to acknowledge a real growth, mostly due to insufficient knowledge, resources, time and money.To grow a business fast, you must utilize some of the general marketing strategies listed below:* You should specialize in the communications disciplines ranging from branding, design and advertising to technology, financial, and corporate public relations. You have to be able to implement totally integrated marketing solutions.* You have to have expertise in more efficient approach to integrated marketing than your competition has.* You should specialize in lauMost of us know that there is something wrong with the way they work today. Yet we keep doing the same things naively expecting different results. Getting out of this rut and moving forward requires a new focus and new ideas. In the face of these ever-changing realities the only way that we can get ahead of the curve is by learning to clearly articulate goals, watching and predicting trends.
Did you know that?
- Experts estimate that 80% of products that we use today will be obsolete in 3–5 years.
- 50% of all jobs for the next six years have not been created.
- 50 years ago it took a lifetime for technology to make a job irrelevant—now it takes 2–3.
- A New York TimeBecome An Actuarydoing the same things naively expecting different results. Getting out of this rut and moving forward requires a new focus and new ideas. In the face of these ever-changing realities the only way that we can get ahead of the curve is by learning to clearly articulate goals, watching and predicting trends.
Become an Actuary? What the heck is an actuary? That’s what I first said when I heard that job title. Little did I know that being an actuary has been consecutively ranked as one of the best jobs in United States by the Jobs Rated Almanac. The fundamental role of an actuary is to assess a company’s exposure to economic risk. Given that the job was first conceived in the insurance industry, it is no coincidence that insurance companies still employ the majority of actuaries. Think your insurance premiums are too high? You can blame an actuary for that because it is the actuary’s job to calculate and set the rates so that insurance companies can stay profitable.To make such calculations, requires knowledge of mathematics beyond algebra and actuarial modeling. Although not necessary, most actuaries have at the least a bachelor’s degree. No specific major is requiDid you know that?
- Experts estimate that 80% of products that we use today will be obsolete in 3–5 years.
- 50% of all jobs for the next six years have not been created.
- 50 years ago it took a lifetime for technology to make a job irrelevant—now it takes 2–3.
- A New York TimePrivate Equity Deals Offer Alternate Exits to IPOscan get ahead of the curve is by learning to clearly articulate goals, watching and predicting trends.
WSJ article "IPO Obstacles Hinder Startups" offers a good coverage of how IPOs are becoming tougher for small venture-backed companies.This raises the question, what should CEOs and early-stage VCs do, once a company has reached $100 M+ in annual sales? (Below this threshhold, it is absolutely undesirable to go public; investor courting, ongoing investor management, Sarbanes-Oaxley compliance related paperwork and massive expenses - being some key distractors ...)In general, by year 5 or year 6 in a company’s history, the Series A investors, the Founders, and the early executive team that is still around - get itchy to extract some liquidity. Today, given the sophistication, the available money, and the level of activity in the Private Equity industry, a late-stage / LBO fund could easily step in and provide the necessary liquidity.Liquidity, I beDid you know that?
- Experts estimate that 80% of products that we use today will be obsolete in 3–5 years.
- 50% of all jobs for the next six years have not been created.
- 50 years ago it took a lifetime for technology to make a job irrelevant—now it takes 2–3.
- A New York TimeManagement of Non Profits; Are all Non-Profits Inefficient?obsolete in 3–5 years.
Most business people feel that Non Profits are highly inefficient like government agencies. Few would deny that government agencies are inefficient, yet many hold short when criticizing non-profits; why is this? Well we know from watching disaster response that many non-profit groups operating on a shoestring get the job done. They are often much more efficient than government throwing huge amounts of money at each problem.Are all non-profits inefficient or just the large organizations? Are non-profit groups inefficient in all nations? One business management consultant recently spoke of the situation in Canada; Rather, I have seen governmental and non-profit agencies around us here in Canada that are wasteful and inefficient.That happens everywhere bureaucracy is. So, NGOs, Government and the largest non-profits are always having this problem. But on th - 50% of all jobs for the next six years have not been created.
- 50 years ago it took a lifetime for technology to make a job irrelevant—now it takes 2–3.
- A New York Times article reported that nearly 2,000 jobs are eliminated daily.
- 70% of workers experience stress related illnesses.
The good news is that "the value of human capital will be the most valuable resource in the 21st century."
Companies are quick with the rallying cry that people are their most valuable asset. It's not what you have but how you use it. Think 6 can help your company prepare for the future. Our message to every employer and every employee is that it is not just "people" but prepared people, people with focus and drive that will provide the competitive advantage.
Work of the future will not fit into the neatly defined boxes that we call jobs. If you are going to be successful in advancing and managing your career, you must adjust your way of thinking from getting a job to fi
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