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Tag: Business

Understanding management ratios

Understanding management ratios

Business
Management ratios are used as a practical means of assessing the quality of financial management, therefore identifying whether financial management is recognised as becoming either less or more efficient. The three main categories of management ratios include: Cost and profitability ratios Working capital ratios Productivity ratios What are Cost and Profitability Ratios Cost and profitability ratios are a means of looking at the effectiveness of the way costs are being managed in relation to the turnover that has been achieved. This approach allows one to look at both movements and relationships between income, profit and costs. Changes in result may then be utilised in order to obtain a comparative analysis between periods of time such as months or years. The methods...
How to finance small business venture

How to finance small business venture

Finance
Entrepreneurial endeavoring attracts a risky lot. Once the great business idea is developed, it is time to handle the finances. First, it is best to obtain a clear understanding of the difference between business capital and a business loan. The word "capital" has different meanings in finance, economics, and politics. Business financial capital represents ownership in a business. If it is a sole proprietorship business venture that means 100% capital belongs to the sole business owner. Generally, a business has both capital value and liability exposure. Loans represent the leasing of capital, typically with interest, from another. It must be repaid. Loans come with certain legal obligations and constitutes a business risk or business liability. Self-Help Financing: Investing Per...
Fundamentals of business financial management

Fundamentals of business financial management

Business
The two fundamentals of financial management are represented by management accounting and corporate finance. Managerial accounting includes techniques for financial analysis, costing the activities of the business and forecasting financial requirements. Corporate finance includes functions such as valuations of assets and projects, deciding on the best investment portfolio, reducing risks through hedging operations, and choosing/monitoring the capital structure. Financial Management in Practice Financial managers are responsible for ensuring: Good returns to investors who have provided funds for the business. Monitoring the continued financial health of the business. Reducing the risk exposure of the business. These goals are typically achieved through: Availability of...
Legitimate work at home ideas

Legitimate work at home ideas

Business
Ever done an Internet search for work at home ideas? While seemingly innocent, this search string can lead many would-be self employed professionals down a path that’s really a virtual minefield of Internet scams and con artists. It is possible to make money online, and there are a lot of great, legitimate ideas that can help anyone get started on this path. Learning how to use these ideas to make money is the first step on the road of self employment. Legitimate Work at Home Ideas Looking for legitimate work at home ideas to get the self employment ball rolling (so to speak)? It can be difficult to launch a new career without even knowing where to begin. Find ways to create money-making opportunities in a few common work at home fields: Consulting services. Have some sound ad...
Advertising trends on industry horizon and business models

Advertising trends on industry horizon and business models

Advertising
The new global power structure, the planet's changing environment, the new economy, the aging of the baby boomers and the growing role of women in society are just some of the factors that advertising, marketing, public relations and branding must adjust to, even in the near future. Three of the industry’s best known futurists have offered a variety of ways the industry will, or at least should, change. Here are some of those ways. Michael Richarme of Decision Analyst Inc. Michael Richarme, a senior vice president for Decision Analyst Inc. of Arlington, Texas, offered these insights in the World Future Society’s Futurist Magazine: Youth will rule as the "Echo Boomers," a generation accustomed to instant gratification, replace the aging Baby Boomers in the workplace. They will ...
Training employees boosts business

Training employees boosts business

Business
The welfare of the company and employees rests on the equality of training that is provided to staff. A training and development program helps employees and businesses to grow. Some of the most often-used programs include: On-the-job training On-the-job training endeavors to instruct an employee how to carry out a particular job assignment. Equally useful in training new employees as well as updating existing staff as some might be changing internal jobs, the on-the-job training consists of four parts: Preparation. The trainer finds out what the employee already knows about the job. Demonstration The trainer shows the employee how to do the job. Application. The employee does the job alone. Job Rotation In job rotation, employees are allowed to learn new jobs and to br...