Monthly Archives: March 2017

The ABC's of Project Management For Project Managers

I recently watched a very interesting independent film (on DVD) that sparked a thought. The 1992 film "Glengarry Glen Ross" is a movie about some desperate salesmen in a desperate situation. Alec Baldwin, who plays Blake, engages in an extremely abusive diatribe with the sales team in which he exclaims "ABC-A-Always, B-Be, C-Closing. Always be closing, always be closing." Having been in a sales role in a previous life I had heard this before, but I reflected on this for a moment. Then I asked myself, "Are there ABC's for Project Management?"

Digging deep into my collective resources on project management I found the document that I intended use for the basis of this article. It was titled "The Competencies for Project Managers" and I thought for sure it was going to provide information that would benefit project managers in all industries. It turned out afterwards reading this document again that it was an eye opening experience for me. Although I had seen this information before in a presentation, looking at it again I discovered why the PMO in the corporation failed. The competencies listed did not tie back to any project management competencies relating to PMBOK or any other project management methodology including the very own project management solution the corporation paid for. In fact, the competencies were so generalized that they could be used for a typical managers role. But being an optimist, I have a solution so let's delve into that.

As project managers I feel we should follow the same ABC's that salesmen do but in a different perspective "Always Be Closing." Now let's break this into parameters that apply to Project Managers, this is an action oriented item. Think of all that a project manager is responsible for. First a quick review of the project management process groups, they consist of …

Initiating, Planning, Executing, Controlling and Monitoring, and Closing.

"Always be closing" in each of the project process groups. In each of these groups, there are a number of items that need to be addressed. Get them on your list or get them into the project plan and work on closing the action items. Always Be Closing!

In addition to the process groups there are the nine knowledge areas of Project Management which consist of …

Integration Management
Scope Management
Time Management
Cost Management
Quality Management
Human Resource Management
Communications Management
Risk Management
Procurement Management

For each of these groups there are items that may be determined necessary for the success of a project. Again, identify what needs to be done, get in the plan or on the task list and "Always Be Closing."

There are more ABC's of project management to keep in mind for the success of a project. The next ABC on the list is "Always Be Courteous." In respect to this, it is good to remember that as project managers we are also responsible interpersonal understanding and customer service. Interpersonal understanding involves the workings of individuals and knowing how to get the best out of the individuals on the team. I personally like the DiSC Personality Profile method of learning about your team resources. In regards to customer service, if you place yourself in the customer service role for a moment, as a project manager you are in a service role and the team members are customers. Kindness and understanding will get you farther than bitterness and intolerance.

Next on the list of ABC's is "Always be Considerate." This is not similar to the courteous guidance. This is directed towards the impact and influence of a project manager. Here is where a project manager should be considerate the organization and understand the need for relationship building. If a project manager is aware of the organizational goals and its mission, the project manager can reinforce this when the going gets tough on projects. When it comes to relationship building, as a project manager, we may need to influence these relationships in order to have an impact on the project success by incorporating the sound practices of project management. The advantages of sound process benefit the current projects and provide valuable information for future projects.

This next ABC is around the managerial side of project management and that is "Always Be Cultivating." The focus of this topic is around teamwork, developing others, team leadership and being assertive. As a project manager we are in a leadership role that is responsible for the team success as well as the project success. There are times when we may need to develop others either with mentoring or training in order to get the best results from the team resources. We need to realize that when new teams are created there is the typical forming, norming, storming and conforming. In this situation (and others) we need to provide the leadership, persuasive assertiveness and use of personal power to keep the focus on the goals of the project and strive for cooperation.

The next ABC for project managers is "Always Be Cognitive." This is the area where project managers must be up for analytical and conceptual thinking. In regards to analytical thinking, as project managers we will be dealing with various problems and complex situations. There is the need to be able to scrutinize the information and break it down into discernible facts that can deliver a solution to a situation. This is not a task specific to the project manager, this may require the team to gather and discuss the situation and follow the process to break it down and resolve it. It should be the project manager who is able to recognize this and take the necessary action. Conceptual thinking on the other hand may involve experience or training to provide solutions. Its not based purely on fact but it also takes into consideration intuitive processes, creativity and inductive reasoning. I feel that this is where an organization may consider Agile Project Management, be advised that this requires a specific type of project management mindset in order to be successful.

There are two more ABC's to consider so let's keep going. "Always Be Competent." This has four areas for consideration, self-control, self-confidence, flexibility and organizational commitment. These are pretty self explanatory yet, let's take a moment for review. Self-control is huge for the project manager as we face the issues and risks that arise during the course of a project. If we maintain our composition in the face of challenge we reflect our ability to take charge and keep a project on course. Self-confidence is an area that ties in a project managers ability to be in control of its surroundings and be confident in the outcome. It is our ability to respond positively to a situation versus react withability. The point here is to take the time you may need to think and respond accordingly. There will be times that you will be asked to find a solution, respond with what actions you may take to resolve the issue and give it a time frame. Flexibility, this is a broad topic that takes into account resources and the triple constraints of project management. Be aware of this and determine how to manage it with consideration for the success of a project. How much flexibility exists is dependent on the type of project being managed. Organizational commitment is when you work to improve the organization not the financial condition of your wallet.

Last but not least, "Always Be Communicating." Put this hand in hand with "Always Be Closing." This topic was not even on the original list of competencies but it is certainly very important. As project managers we must be on top of project communications among the members of the team and we must communicate the proper project reporting that feeds up the chain. Although it is good to get things out to the team in an email, be sure to talk to team members on the phone or in person, especially if you have tasked them to do something. I'm not sure I like the word "tasked." Why do not we just remove the "T" and follow-up on what you "asked" them to do. Communications is so important, we should be persuasive in our communication methods in order to encourage the best response from those on the team. I'll say it here, that you will not find me peeling a lemon and passing it out as a team snack. But add some sweetener and water and you'll cool down even the most heated. And really, that's what we want to do, we want to make the project work, we want the project to be successful. You should display goodness and kindness in your communications if you want it to be effective. There is a time and place to handle difficult team members, communicate in a manner that elicits the best productivity from your resources and measure the results.

Let's take a moment to recap this information. What we have reviewed here are seven ABC's of project management for project managers. Here is a list of them …

1) Always be Closing
2) Always be Courteous
3) Always be Considerate
4) Always be cultivating
5) Always be Cognitive
6) Always be Competent
7) Always be Communicating

You may want to take the time to reread this article, take some notes compare this to your current actions and see if you can improve your results. If there is something you could do to improve the success of your project, or your project team or the organization, is there something that you have learned here that can assist you? I would certainly like to hear from you. Likewise, I would certainly enjoy hearing about your experiences.

Laundromat Business Plan – Sample Layout

These days most experts will advise you to create a business plan before you decide to take the risks that are associated with starting a business. A laundromat is typically a little more complicated than other small business models so the need for research, planning and a clear direction are even more essential for entrepreneurs entering the coin operated laundry industry.

A laundromat business plan will help you to prove to yourself that your ideas are viable. With a plan in place you will be able to set clear goals and map out a path towards achieving them in an organized manner. A sound business plan may become essential if you have to show it to financiers or investors prior to getting the startup funds that you need. Lastly it will help you to be more realistic and to ask yourself some tough questions about your ideas.

In this article we have set out a sample laundromat business plan layout. We have set out some examples of titles and content that you might consider using. Feel free to use it as a template as you proceed to put your own plan together.

Cover Letter

Your plan should be set out neatly in a folder with a cover that outlines what the report is about and who contributed to it. It is likely that many different parties will read your plan so you may consider attaching a cover letter to each one that addresses the reader specifically, highlighting the concerns that they will have.

Contents Page

If the plan is any longer than a couple of pages you should include a table of contents. This includes a list of all headings and sub-headings together with a page reference so that the information can be located quickly by the reader.

Executive Summary

An executive summary is a simple introduction to the report. Give the reader a brief introduction to your business plan and summarize each of the sections in the plan.

Mission Statement

While not essential, some businesses like to set out a mission statement which outlines their purpose or business philosophy. It usually covers non-financial motives. For a laundromat you might say that you strive to provide the best service to your customers or that you want to provide a clean, safe and efficient way for them to do their laundry. Your mission should be to do your best for the customer and to be better than your competitors.

Background

Provide readers with some background information on yourself and any other individuals who are involved with the proposed laundromat. Readers may want to know what your qualifications are and if you have had any experience in business or in the coin laundry industry.

Provide a background on the local coin laundry industry so that readers get a better understanding of the opportunities that are available.

If your planning has been in progress for a while then you might want to update the reader on what stage you are at. If you are considering purchasing an existing laundromat then you will want to outline the history of the business in this section too.

Business Description

Offer readers a basic description of the proposed coin laundry business. When will your new unit open for business? Where will it be located? Will you have an attendant on-site at the laundromat all day or only part-time?

Goals and Targets

Set out a list of realistic targets that you want to achieve with the business in the first year or two. Such targets could be financial and relate to gross or net profits on a monthly basis. They could also be related to other metrics such as membership numbers or customer satisfaction rates. Thinking longer term you may also set goals to expand into new locations.

Startup Requirements

Before you can launch your new laundromat business you must know exactly what you are going to need and how much it will cost. Costs will include everything from equipment purchases, renovations and marketing along with professional fees and compliance costs.

Once you have listed everything out you can then work out the total startup cost. From here you can mention some of the options that you have for funding the laundromat. Mention how much you will be able to contribute yourself and how much external funding you will require.

Products and Services

Go through the services that you plan on offering to customers. As well as a basic machine laundry service with washers and dryers you may also offer more upmarket services like ironing or dry cleaning. Make a note of the products that will be sold onsite. Obviously you will sell washing related products like soap powder and fabric softener but you may also offer non-related products like coffee and soda.

Market Analysis

As a prerequisite to writing a plan you should have done at least a little market research around the area where you propose to open your coin laundry. You can present your findings in this section of the plan.

In your research you should attempt to discover if there is sufficient demand for a laundromat in the area in question and if so, exactly what kind of services the people within this target market wants.

You also need to consider the competition that you have in the local area. Produce a map that shows your customer catchment area bearing in mind that customers will usually go to the laundromat that is more convenient for them to get to. Look at the strengths and weaknesses of your competitors. Is it going to be possible to pull customers from the catchment area of ​​competitiveness laundromats? Can you make your service that much more attractive than their?

Marketing Plan

Set out a plan to bring new customers into your laundromat and to convert them into regulars. The marketing component of your plan should cover everything from the development of your brand, pricing, advertising, other marketing methods and customer service.

Remember that in the laundromat business you will be relying on building long term relationships with regular customers. You not only need to focus on bringing in new customers but you also have to focus on satisfying and 'over delivering' to your existing customer base. If you retain your customers and please them then you will also benefit by referrals and 'word of mouth'.

Business Operations

Set out a plan for the daily operation of your laundromat. Make a note of the equipment that you will have in place and how the demands for water and energy will be met. Mention how you plan on maintaining the machines.

Discuss your daily staff requirements. What role will you, as the owner take in the daily running of the laundromat? How many employees will you need and what will their responsibilities be?

What other systems will you have in place to ensure that the laundromat runs smoothly on a daily basis and that you can control and manage the business efficiently. Will you have a computer system to keep track of stock and cash flows? What about a security system?

Financial Analysis

Lastly, but most importantly, a sound business plan will include detailed financial forecasts over a period of two to three years. This data is best displayed in spreadsheets so that you can set up a column for each month. Some businesses include more than one spreadsheet to allow for different situations. You may consider including one as a best case scenario and others that show revenue growing at a slower rate than is expected.

Try to identify a break even point where the business would basically be running without making a profit, but without losing money at the same time. Then you will have an idea of ​​the customer volume that you will have to aim for. To calculate break even point you need to absorb an average customer spend per visit and then calculate the number of customer visits needed on a monthly basis.

If you are borrowing money to start the business you should also include a repayment schedule to show how fast the loan will be paid back.

Appendix

Many claims are made in business plans so it is important to be able to give reasons as to why you made such assumptions. Rather than guessing you should try to include data that backs up your theories. Include an appendix at the end of your plan that includes all supporting materials that do not fit conveniently into the pages of the report. These could include maps, pictures, spreadsheets, tables and lists of references and sources to name just a few examples.

The Importance of Branding and Marketing in Hospitality

Managers in the hospitality industry should understand marketing and branding. Hospitality marketing prepares future managers with the knowledge needed to ensure that their company, whether it is a well established hotel or a new restaurant, understands the way consumers think. This is extremely important, because the consumer drives the hospitality industry. Understanding the mind of the consumer and why they make the purchasing decisions that they do can prove to be lucrative. It's useful to know what role marketing and branding plays in those decisions and how you can make it work for you. Many hospitality management training courses discuss marketing and branding as a way to improve the company or brand you may work for.

As some experts discuss in hospitality management training courses, brands have something known as "equity." Brand equity is when consumers associate that brand with positive and favorable feelings. A brand's reputation and goodwill adds value to the company. Sometimes, this added value can be worth more for the company than the actual physical assets the company is worth. This is why sometimes new products are released under well-known and well-established brand names.

It gives more comfort and reliability for the consumer to trust and try the new product. This is true for the hospitality industry, for example when new hotels are often represented under one same brand name. While learning about hospitality marketing you begin to understand why these people trust these brands, which is something known as brand loyalty.

Brand loyalty is when a consumer insists on continuously buying one particular brand of a product. They stick with that brand for a long period of time and will choose it over any other similar brands, even if the unknown brand costs less. Although being in that position is considered extremely successful in hospitality marketing, it has recently become increasingly difficult to gain loyal consumers. This is due to two causes, one being that brands within the same category have become increasingly similar. The second cause is that sales promotions and lower priced deals are being offered constantly by different brands- making it difficult for consumers to just stick with one brand because they can get a better deal. However, if the quality of a brand is consistently great and no other brand can offer the same, there is a great chance that consumers will be loyal.

This can lead to what experts and marketing professionals in hospitality marketing describe as a "master brand." The master brand is a brand that is so dominant in consumers' minds that they immediately connect it with an entire product category. Branding and marketing is extremely important in getting brands to this position. Even if your brand does not reach this level of recognition, there are ways to be successful at marketing it for effective results. For example, good branding can be valuable when you have an easily identifiable brand, whether it is through the name or trademark.

As mentioned previously, another way to be successful at hospitality marketing is through consistent quality and service. As some hospitality management training courses explain, branding is also successful when the location is convenient. There are always better approaches, methods, and techniques to use to make your brand better and increase equity, loyalty, and recognition for the consumer and branding can be a big part of it. These are key concepts to remember and put into practice to establish a successful career in hospitality.

Economic Basis for International Trade!

Trade is the exchange of commodity and services. International trade representations transactions taking place at the global level, and it is fundamentally different from domestic trade. Trade at international level demands huge investments, network of franchiseses and profitable people to run the show. Many corporate giants are trying to capture Asian markets, especially Indian market, which has become the industrial hub for such economic activities. Economic liberalization has been the focus of many developing countries for the past two decades and this has allowed multinational companies with huge investment potential to enrich the weaker economies.

International trade tries to generate more foreign exchange, which is always good for the economy. Say, if a country has rich resources of petroleum, naturally it will try to sell the surplus to countries not endowed with such natural resources. That is why Middle East nations are prosperous and economically independent. The diversity in productive capabilities in different countries is due to the presence of limited natural resources. When a country gets a head start in a particular product, it can become the high volume, low cost producer. The economies of scale give it a significant advantage over other countries, which find it cheaper to buy from the leading producers than to make the product themselves.

Every nation must try to specialize in the production and export of those commodities, which are available in plenty and must import such products in the production of which they have a resource deficiency. It should be remembered that there are sever man made barriers in international trade such as, export duties, quotations, exchange restrictions etc., that hinder the free movement of products. Neverheless, it is not also possible for a country to produce domestically every kind of product. In spite of all these restructuring factors, global trade is thriving, thanks to the advanced technological aspects introduced in communication and faster means of transportation. Distance is no more a constraint and the world has become one small global village.

All domestic transactions, say in a country like India take place in rupees, which is the legal tender in the country. However, in its trade with other countries like USA, Germany, Japan, France and Britain, the payments have to be made in terms of dollars, marks, yens, francs and pound sterling respectively. The mechanism through which payments are executed between two countries having different currency systems is called foreign exchange. It may also be defined as the exchange of money or credit in one country for money or credit in another.

Foreign exchange rates can affect relative prices and net exports. A rise in the a nation's foreign exchange will depress that nation's net exports and output, while a fall in the foreign exchange rate will increase net exports and output. Because of the significant impact of exchange rates on national economies, countries have entered into agreements on international monetary agreements.

Understanding Logistics

According to Ghiani (2004), logistics can be defined as the planning and controlling of products and information in an organization. It aims at delivering materials to a given destination for another trying to optimize a particular measure and ensuring satisfaction of a particular set of constraints. These definitions can be simplified to mean the managing of the flow of goods as well as services from the point of manufacture to the point of consumption ensuring that the requirements of the consumer are observed. Activities under logistics include information integration, warehousing, packaging, inventory, security, transportation, as well as handling of materials. Logistics compliments supply chain by add value to place, as well as time utility.

Logistics are identified in different fields due to performance value. These fields include procurement, after sales, production, disposal, as well as distribution fields. This paper will identify the areas where organizations involve logistics as well as the essence of an effective logistics to an organization.

These fields of logistics determine specific activities. Procurement logistics involve make/buy decisions, supplier and other management, as well as market research. Production logistics’ key principle is to connect procurement to distribution logistics. This field of logistics determines the capacities of production under available resources in response to distribution logistics. Distribution logistics deal with delivering of finished goods to the consumer or rather customers. Its components include processing, warehousing, as well as transportation. This logistics is most essential since the time, place as well as quantity of production vary from the time, place, and quantity of consumption.

Today, logistics have been simplified through technological advancements. Complexities which hinder effective logistics management can now be visualized, modeled, optimized and analyzed through particular simulation software. These complexities have necessitated the use of this software. Successful businesses are using this software to case the work of logistics analysis and hence providing effective strategies of managing supply and demand. Problems in logistics majorly occur in organizations that engage in product delivery but they can also occur in firms producing services (Ghiani, 2004). Examples of this include garbage collection, after sales services, as well as mail delivery, among others. Maintenance and operational cost of logistics is another hindrance of its use. Research conducted in the United Stated in 1997 proved that organizations used 862 billion dollars as the total logistics expenditure. It is hence essential for organizations to understand how to minimize logistics cost (Rushton, 2000).

Reliability and sustainability are other factors which affect the efficiency of logistics. Reliable systems as well as equipment’s should be able to perform intended purpose for the identified period under stated conditions through effective logistics. Inefficient logistics will lead to a wrong probability on performance capabilities of systems hence causing massive losses. Reliability will thus project the probability of systems and equipment in an organization (Landford, 2006).

In conclusion, the main issue under logistics is deciding how and when raw goods and finished products will be shipped, transported, and stored. This unlike other operations management is most evident in modern societies. A logistics system comprised of facilities that have been corresponded to the transportation services. Facilities include locations where goods are processed, and they include manufacturing centers, distribution centers, transportation terminals, as well as dumpsites, just to mention a few. The transportation services move goods between the facilities.

Entity Documents Typically Required

If you are applying for a loan and there are entities involved be smart and make sure you have all of the correct paperwork and that it is up to date. I have seen many loans get postponed until proper documentation is received by the bank. Here is a list of documents for the most common entities that you will most likely have to provide before closing your loan:

CORPORATION DOCUMENTS

Articles of Incorporation

Amendments-(if applicable)

Fictitious Business Name Statement-(if applicable)

Statement of Information-No more than one year old if the Corporation is “for profit”

Bylaws

Amendments to Bylaws

List of Corporate Officers and Directors, stating the % interest owned by each – Signed & Dated

Secretary of State website indicating the Corporation is “Active”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

GENERAL PARTNERSHIP DOCUMENTS

Statement of Partnership (GP-1)

Amendment-(if applicable)

Fictitious Business Name Statement-(if applicable)

Partnership Agreement

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

LIMITED LIABILITY COMPANY DOCUMENTS

Articles of Organization (LLC-1)

Certificate of Amendment (LLC-2)-(if applicable)

Fictitious Business Name Statement-(if applicable)

Statement of Information (LLC-12)-No more than two years old

Operating Agreement

Amendment to the Operating Agreement

Secretary of State website indicating the LLC is “Active”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

LIMITED LIABILITY PARTNERSHIP DOCUMENTS

Limited Liability Partnership Registration (LLP-1)

Amendment to Registration of Limited Liability Partnership (LLP-2)-(if applicable)

Fictitious Business Name Statement-(if applicable)

Limited Liability Partnership Agreement

Board of Accountancy website indicating licensing is “Current”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

LIMITED PARTNERSHIP DOCUMENTS

Certificate of Limited Partnership (LP-1)

Certificate of Amendment (LP-2)-(if applicable)

Fictitious Business Name Statement-(if applicable)

Limited Partnership Agreement

Amendment to Limited Partnership Agreement

Secretary of State website indicating the LP is “Active”

Certificate of Good Standing-No more than 30 days old

Borrowing Resolution

Is the Escrow Vesting Correct

TRUST DOCUMENTS

First Page of Trust

Appropriate Powers

Signature Page of Trust

Certification of Trust

Is the Escrow Vesting Correct.

What Services Do Property Management Companies Offer?

Owning real estate is a wonderful feeling, especially for those who have really toiled for many years to become a property owner. Though it might sound a little materialistic, but a property is actually a mark of someone’s hard work. Thus, when a family has to relocate to some other place far from their land or property, due to job commitment or any other reason, it is a natural concern to be worried about the property. Managing the property effectively, without keeping an eye on it regularly, is almost impossible for the landlord. This is exactly when a property owner should start looking for a professional property management company. However, it is good to know what services these property management companies offer before you go ahead and fix a meeting with any agency. This would actually give you a clear idea of what you should expect and ask for while interviewing the property manager.

Basically, these companies deal with flats, villas, independent houses, rental apartments and commercial properties. Once you sign a legal agreement with any of these companies, it actually becomes their responsibility to rent out your property by searching suitable tenants. To look for right tenants, they advertise your property through the local media. The replies that come to the property advertisement are promptly attended by the company. Their expert staff then shows the whole rental property to the prospective tenants. In fact a clear and detailed report is provided to the landlord on all those potential tenants who had come to check out the property. This is to ensure that the landlord makes a right decision. Once the tenants are finalized, then the company would execute a rental agreement.

The responsibility of the company does not end here. They collect monthly rent on the landlord’s behalf and deposit it into his bank account. Apart from the timely rent collection, the professionals would also visit the property regularly, in order to make sure that it is efficiently maintained and not harmed by the tenants. Professional photographers are hired to take the photographs of various parts of a property to be sent to the landlord. Though these visits by the property managers are periodical, they are always keen to help tenants if they find anything objectionable.

Also, in case there is a repair work to be done, the company takes care of it by appointing an external contractor to fix the problem areas. Another very important service offered by a property management agency is conducting an inventory audit. It is conducted when a property is rented out to a tenant and when he/she vacates it. The reason for conducting this audit is to make sure that all physical assets of the property are in a good condition. To summarize, the services proffered by a property management company play a pivotal role in reducing the burden of a landlord, owning multiple properties. Therefore when you actually enter into a contract with such a company and you can indeed be totally assured of getting quality services.

Open To Natural Forms of Healthcare

Are you open to natural forms of healthcare?

If you care about supporting and improving your health, and the health of your loved ones, using essential oils is a safe, effective, and natural solution that can enhance your entire life.

You Can Use Essential Oils:

  • For your overall physical, mental, and emotional welfare
  • In food preparation and cooking
  • As part of your cleaning routine
  • In the laundry
  • As part of your exercise routine
  • As part of your meditation and yoga practices
  • As part of your weight loss program
  • To eliminate odors
  • In your beauty routine – skin care, and make-your-own cosmetics
  • And much, much, more!

What Are Essential Oils?

Essential oils were mankind’s first medicine, and there are 188 references to them in the Bible.

They carry active volatile compounds in a highly concentrated form that can provide therapeutic benefits using very small amounts. These naturally occurring compounds are found in the seeds, bark, stems, roots, flowers, and other parts of plants. They provide plants with protection against predators, as well as play a role in pollination.

They are beautifully fragrant, lipid soluble (can pass right through the cell membrane), and have long been used for food preparation, beauty treatments, natural cleaning products, fragrances, and healthcare practices.

They support emotional, mental, physical, and spiritual success, and have a bio-electrical frequency that is several times greater than the frequency of herbs, food, and even the human body.

How Do I Choose The Right Oils?

When choosing essential oils, be sure they are gently and carefully distilled from plants that have been patiently harvested at the perfect moment by experienced growers for ideal extract composition and efficacy, as well as carefully and thoroughly tested using strict quality protocol to ensure they are certified, pure, and therapeutic grade.

How Do I Use Them?

Essential oils can be used a single oil at a time or in complex blends in one of three methods:

  1. Aromatic – certain oils, when diffused, can be very stimulating, calming or soothing, as well as purify the air of unwanted odors and airborne pathogens.
  2. Topical – essential oils are easily absorbed into the skin and can be safely applied topically alone or with a carrier oil, like jojoba or coconut oil.
  3. Internal – most oils can be ingested as dietary supplements supporting a wide variety of healthy conditions.

If you’re new to this whole natural healthcare thing, you’re not alone. There’s so much to learn and it can be overwhelming, but the benefits are worth it.

Being open to natural forms of healthcare is the first step in taking control of your health and well-being, and using essential oils is your next step.

Accounting Finance – The Heart of Any Successful Business

At the core of any successful business is a well organized management. Financial accounting is a very important tool for business. Aside from knowing strategies such as bookkeeping, marketing, advertising and production, a good and stable business must also have a competent system for accounting finance.

Whether you like it or not, accounting finance is one thing you cannot dispense with in the world of business. It is a very important tool in determining where and how exactly your money is being spent. Also, it is most important in terms of taxes and other pecuniary obligations.

Good Accounting Means Good Business

Accounting ensures you how much you have, how much you owe, and helpful in assessing the value of your business. Are you generating any profit or operating at a lost? Accounting records will answer your questions. Accounting serves as the proper recording tool of the financial status of any business. Fiscal dealings are best kept right on track with an effective accounting department.

A good accounting system within one’s business is a great help in making business decisions. This also shows how credible you are with other companies. Accounting does not only place you in a very knowledgeable stance, but it gives you that confidence by being armed with the facts and figures revolving around your business. Knowledge is power.

Professional Accountants

It is to your advantage if you are an accountant by profession. But if not, you can still do your own accounting if you are operating a small-scale business. However, if you have a big company it is advisable to hire a professional accountant especially if you do not have the time and the skill for it. You must realize that there are various strategies in keeping various kinds of accounts in a business.

It is also best to check the accounting firm’s competence, credibility and confidentiality issues. It is very important that in any business, you would be able to trust your accountant with sensitive information, including profits and sources of income your business is accumulating.

Accounting standards you should know

To the untrained and unsuspecting eye, accounting principles might seem hard, intimidating and complicated, but it is in reality very simple if you get past all those figures. All you have to know in accounting are these: Accounts are always divided into three types, namely assets, liabilities and equity. Each account is unique and simple yet forms part of the very foundation your business is operating on.

“T” accounts can be managed by drawing a T like figure with a left and right section divided by a vertical line. On the left side, you can place all your debits or the so called assets. On the other side, you can list down all your liabilities or what we call credits.

The general rule is that for every liability, there must also be a corresponding asset so that a balance will be achieved. If the credit is more than your debit then perhaps you are already generating a loss in your business.

Mastering these simple accounting principles will help you in determining where your business stands. You will also be more confident in presenting these financial records even if federal agents pay you a visit for an audit. GP

How To Maintain Technology In Your Business

Whether you like the idea or not, most businesses today survive primarily because of modern technology. Technology is used in business for keeping records, receiving payments, paying workers, and a lot more. Even small businesses today rely on technology to further advance their cause. If there is one challenge regarding technology in business, it is in the area of upgrading and maintenance, because it requires not only a budget but also a lot of patience in your part as the owner.

Not all people can easily go with the flow of high-end computers and complicated office machines. If you are one of those people, it is important that you list down all high tech equipments and machines you have in your office and learn how to operate each one of them. Familiarize yourself with computer software and programs as well, especially those that are used for database.

Organizing a technical support team is a good idea. Look for an IT expert to lead the team in making sure that every office equipment is working at full potential and that the system has zero loopholes as possible. When assigning a person to lead your tech support team, consider not only his skills and knowledge concerning business technology but also the quality of his experience as an IT expert.

Set aside a time each week and each month to have your system checked by your tech support team or by yourself. Have someone write a report regarding the check up to be submitted to you for evaluation. The feedback should contain information regarding the status of the system and if a software or hardware needs to be upgraded or not. Moreover, encourage your workers to report glitches as soon as possible.

Finally and most importantly, create a budget for the maintenance of your business technology. Avoid the mistake of waiting for equipment and system problems to become serious before deciding to spend money for repair. The best thing to do is to dedicate a certain amount of money for maintenance and repair beforehand. Doing this will help you prevent major setbacks and help you save money in the longer run.

There is absolutely no easier way to advance your business than with careful planning and preparation not only in the promotion of products itself but in the logistics and essential organ of the business body as well which is business technology.