e-lifeandwork: Learn New Skills Online | Online Courses & Real-World

The new year is a great time to help your business clients reflect on the past 12 months and strategize new ways to improve their bottom lines. This means giving them a deep analysis of their finances over the past fiscal year to help them understand the causes of any financial shortcomings and notable sales trends. More important, it is paramount that you help them pinpoint new ways to boost overall profits. If you can help your business clients discover new tactics to maximize their profits, you’ll set them up for greater success and growth. In my experience as the CEO and founder of CMA Exam Academy (a Certified Management Accountant exam review program), I have discovered some useful ways companies can ramp up their profits. Help Them Locate Waste in Each Business Process As they go through their day-to-day, your clients may not even know that costly waste is happening all over their enterprise. From too much manpower in a delivery fleet to wasted raw materials in a product...

CEO and Founder of QA Madness, overseeing tech startups and seasoned players` business processes and software quality assurance globally. Recently, I discussed smart spending with my team. This conversation reminded me, once again, that taking care of your personal budget and taking care of your company's finances aren't much different. The contexts and figures vary, but the guiding principles are the same. Even though I'm not an accountant or financial advisor, my experience founding and running a software testing company has taught me valuable financial lessons that I believe could also help aspiring entrepreneurs: 1. Record your expenses. For personal matters, you can use a money management app. Be disciplined, and keep track of every single purchase you make. Create plenty of categories and subcategories to get a clear picture. Seeing a clear picture will make it much easier to plan the monthly budget in the future. It is equally important to record business ...

Money Management Skill Income is revenue paid by superior, organization for job done. Where should money go? (A) 1/3 – Expenditure (B) 1/3 – Saving (C) 1/3 – Donation The problem is difficult to solve because the high cost of living, lack of knowledge managing money and spending more than you have. Income expenditure has 3 types: (1) - Fixed expenditure (2) – Variable expenditure and (3) - Extra expenditure. Record every single receipt on the items spent on such as bills. In that way you can have more focus and be cautious on every single cent spent. Be smart managing your money. Record your spending in spreadsheet. So that you can do your own analysis and be your own money master.