Business Acumen Training For Learning And Much More

Business Acumen is the knowledge and understanding of a business situation in a manner that is likely to get a positive result for the organization and the employees. With the level of competition in the market these days, business acumen has emerged as a key factor in improving the financial and leadership qualities of an organization. It deals with accounting, marketing and operational functions of your company and helps you to understand how your company makes money and which decisions can improve the money making process.

Financial literacy helps you understand the numbers on financial statements; with financial literacy you can efficiently read and know about your company’s income statement, balance sheet, etc. Business acumen includes financial literacy in it. To break it down, business acumen involves more than just numbers. With good business acumen you can read plus interpret the company’s financial statement and moreover take effective financial decisions which take your company strategies into consideration. Developing business acumen has hence become a very important factor when taking the company growth into consideration. Every company these days measures its success based on its financial returns. Business acumen training has emerged as a way to train your employees and get them aligned with corporate goals and engaged in improvement. One of the most effective and widely used methods for improving the business acumen skills of your employees is through business simulation programs.

The best way of learning and developing the business acumen skills is through experience. But the problem with experience is that it takes a lot of time to get and your company might face real time financial losses while you get it. This is where the business simulation programs come into picture; these programs provide users with real-life like experience and permit you to test and experience the situations before encouraging them in real life itself. The added advantage is that you can gain years and years of experience in just hours or days, and the mistakes you make in a simulation doesn’t affect your company’s finances.

We at Lyons & Associates provide you with business acumen learning and development. Our business simulation program like �Profit Adventure’ takes the acumen training programs to a different level by providing economic and financial education to the employees of the organization. For more information on what all we do and details of our business acumen training programs at Lyons & Associates visit us at www.klyons.com.

Financial literacy helps you understand the numbers on financial statements; with financial literacy you can efficiently read and know about your company’s income statement, balance sheet, etc. Business acumen includes financial literacy in it. To break it down, business acumen involves more than just numbers. With good business acumen you can read plus interpret the company’s financial statement and moreover take effective financial decisions which take your company strategies into consideration. Developing business acumen has hence become a very important factor when taking the company growth into consideration. Every company these days measures its success based on its financial returns. Business acumen training has emerged as a way to train your employees and get them aligned with corporate goals and engaged in improvement. One of the most effective and widely used methods for improving the business acumen skills of your employees is through business simulation programs.

Posted in Uncategorized | Comments Off

Secret Of Successful Businessmen Revealed

While everyone of us aspire to be Bill gates or Steve Jobs, very few achieve a fraction of their success. So what’s the key behind their success that has evaded you? It seems the key is the risk taking ability. According to a study, Entrepreneurs who take risky business decisions are more likely to achieve success.

A research conducted by University of Cambridge scientists has revealed that riskier decision makers are much more probable to become entrepreneurs than their managerial counterparts.

Traditionally, taking risks has been associated with abnormal behavior among those who take drugs or are suffering from bipolar disorder. But the new study throws light on this behavior. It suggests that dangerous decision-making may have an evolutionary value for grabbing opportunities in a rapidly changing environment. It even goes on to say that perhaps in future, this ability can be altered by pharmaceuticals.

Entrepreneurs prefer to start their own business instead of working in an organization even though there are whole load of risks associated with it like money, status, family stability and even self-confidence.

The one ability that made entrepreneurs stand out from others is – Functional Impulsivity. This is the ability to make quick decisions under stressful conditions that makes entrepreneurs different from normal people.

Researchers conducting this study hired 16 entrepreneurs from “Silicon Fen” and 17 managers. Silicon Fen refers to the cluster of high-tech companies in and around Cambridge. The participants were asked to complete a computerisd neurocognitive assessment measuring various aspects of their decision-making capabilities. On a decision-making task that required ”cold” processes such as planning the opening of a consulting company or hiring staff, both the groups fared same. The results were startling when it came to taking ‘hot’ or risky decisions that involved evaluating rewarding or punishing outcomes. In these tests, entrepreneurs showed superior cognitive flexibility than managers. Researchers stated that the study has shown that not all risk-taking is harmful, particularly when combined with enhanced flexible problem solving.

The scientists involved in the study concluded that hot decision making is a critical component of the entrepreneurial process and it may be possible to teach, particularly in young adults where higher risk taking is likely and age-appropriate. The cognitive flexibility has been related to brain’s neurotransmitter dopamine. The study has raised questions whether drugs can be used to alter dopamine levels which will result in changes in risk taking abilities on the subject.

Posted in Uncategorized | Comments Off

Press Release For Successful Marketing

Every businessman wants to be a successful corporate entity. All business owners try their best to market themselves and to be known all over the world. The more well known a company is the more the chances of higher sales and profits. But to be well known, every business needs an effective marketing plan. And here the importance of a good press release can be understood. A quality press release can be a very successful tool to grab attention from consumers and to make your presence felt in your industry. Press releases are now becoming he preferred route to announce news and to build media relations.

Press releases are very helpful in Promoting Mdia Relations. Press releases increase your product’s/service’s awareness and build your credibility among your industry and clients. Press releases circulated through strong medium can work very well against your rivals. Such is the effect that every big corporate nowadays issue Press releases to market themselves all around the world.

How to write the best press release to convey your message? What is the best strategy for press release? There are thousands of other companies who send out press releases. So what make your press release so unique? How can you make it stand out from the rest of the competition? Make the people know that you are the best in your field. The trick is to write about feature leads for your products and services. This will enlighten people about your product and also may entice the readers. They will know your products advantages, highlights which will make them more favorably inclined to your products. But just listing the product features is not enough. You have to use them creatively. Compare it favorably with competing project. Indulge in bit of hyperbole and make the features quantifiable. The press release needs to be attractive and eye catching. Grab attention with the title of your write-up. Generic titles will be lost in the crowd. The press release should be interesting and should be able to engage the reader till the end. The message should be conveyed effectively.

A Business Owner should always keep on testing new marketing strategies and not get complacent. S/he will undergo lot of challenges and up & downs and hence should remain steadfast in his/her commitment to the passion and company. Perseverance is often the most defining factor between success and failure. Be innovative and resourceful and results will be visible soon!

Posted in Uncategorized | Comments Off

Do You Want To Be An Entrepreneur?

Nobody said that being an entrepreneur easy. Anybody who has started a business of his own will tell you that it’s can be an all consuming activity which will demand a lot out of you but will also reward with more than just financial success.

Success in a Business venture is result of many factors such as knowledge, perseverance, passion, good plan. It has been estimated that every year more than 60% of businesses fail. So, if you are thinking about been an entrepreneur then you may be vey well advised to think it over many times before taking the plunge.

The road to success is long and has many phases which need to be understood by every budding entrepreneur. If neglected at the start of any endeavor then any venture is doomed to fail very early. These phases of a business may vary form industry to industry but one of the most important phases is the market research. While this may seem to be a very logical step it is very often overlooked. Market research helps in determining your market and understand it fully.

Many times, while starting, entrepreneurs are too consumed by passion and emotion to be able to do an unbiased study of the viability of their product or services. If undertaken at the start, many would-be-entrepreneurs can save themselves from the ignominy of failure. Most business plans cannot stand up to the scrutiny of the market research and fail even while been on the drawing board.

To be successful in any market you need to understand the history of the market, demography, economic conditions and current trends. You also need study the competitors already established in the market. Studying them will help you unearth your target audience and your niche.

Many a times, people overestimate the value or novelty of their products/services. This gives them false sense of confidence promoting them to make irrational decisions and undertake big risks.

It may be possible that there are other businesses offering similar products/services with much more value additions and at much better price. Are you offering something really that good?

Once, you have completed your market research and are confident then you need to secure Funds for the Business. The fact is “Businesses need money”. It’s like oxygen. You cannot avoid it. Most small businesses fail because of paucity of funds.

After sorting out funding question comes management. Business needs to be managed on a daily basis. You may have to employ and manage people of varying skill sets and attitudes.

Another important phase is how much money to allocate to marketing your business. Marketing enables people to be familiar with your products and services. Without an effective marketing plan, any business will fail.

Posted in Uncategorized | Comments Off

Fast Answers For Business And Financial Success

Fast Solutions Are Available Today

It is absolutely possible for each of us to gain fast solutions for our money problems. Evidence of this is seen in the innovative new “Skinny On” book series by attorney and entrepreneur Jim Randel. He has studied financial literacy and personal achievement for over thirty years and now distills this information within brief volumes. He claims that the brief format is conducive to the learning needs of today’s society.

Brief Is Better

Concise portions of literature, containing distilled information, allowing fast transference of ideas, will reduce loss of continuity. A short attention span must be fed on a diet of brief but ideas-rich matter. In the information age we now live in, viewers, audiences, prospects, etc. are more attuned to brevity. Brief concise statements are better for attracting audience connection and favor.

Cultural Adaptation

Our culture has adapted to, and has driven, the ever-changing landscape of information transference. Modern technological advancements are funded by increasing appetites for knowledge download. The reciprocal feeding of appetites has emerged as technology accelerates in it’s ability to feed the masses. The result is a culture that is rapidly accelerating in it’s need to be fed copious amounts of data.

Fast Answers Solve Everything

Bill Gates rightly declared that, in this wave of culture, the most successful businesses would be those that have the fastest methods for transferring information. Fast communication is the key to success.

3 Keys To Maintaining Stability In This Age

1. Receive Distilled Information

Within our leisure time, there remains a place for the luxury of waffle but in the context of work, business, and wealth creation, we must screen convoluted sources. Only those resources that cut-to-the-chase and provide distilled information will suffice.

2. Distill The Distilled Information

Those who have a talent for extracting nuggets from brief sources will become increasingly valuable as the pile of data escalates. Discover methods for reviewing, isolating and documenting only the pertinent details present in brief documents. More said with less increases value. We will see shorter books being sold for more (as long as they remain concise)! Work on the ability to distill information.

3. Communicate More Efficiently

Common language with pertinent and contemporary meanings will attract a crowd. Tweets, Facebook entries, blogs, etc that connect with joy, emotion, and brief, catchy, relational ideas will engage. Brief quotes and reviews will also maintain connection.

Posted in Uncategorized | Comments Off

Flexible Business and Financial Mangement Is Possible Hiring a Chartered Accountant

For any business, big or small, accounting services are essential to keep track of finances and resources. Precise bookkeeping is essential to keep core areas of the business running. Therefore, it is always advisable to hire services from professional Chartered accountants in London, which offers complete range of financial management services. These include tax planning, tax preparation and payroll services. Proper decision in choosing a good Chartered accountant in London will result in increased efficiency as well as it saves money and time.

For any business, hiring a proficient Chartered accountant in London can greatly help in monitoring and keeping track of all financial matters. Industries, insurance companies as well as financial and banking sectors also recommend hiring a tax accountant. Chartered Accountants in London can be a good guide in maintaining day-to-day records and prove helpful in analyzing decisions and shortcomings of the company. Bookkeeping, updating of records, tax preparation are also some areas that require professional intervention by professionals like Chartered accountants in London. Business also becomes more transparent. Badly maintained records and incorrect reports can severely hamper business and incur huge losses to a company. With professional financial management, these aspects can be monitored appropriately. Entrepreneurs can then concentrate on developing core areas instead of being preoccupied by financial matters.

Taxation related processes are very tedious. It can involve large amount of paperwork to keep track of various taxes, which the company is liable to pay. Most entrepreneurs are not aware of tax preparation and that is why they need the help of Chartered accountants, who specializes in dealing with financial matters. Tax laws are also ever changing and evolving. This frequent changing of laws makes it hard to keep track of when managing and running a business.

The vital segments of tax management that a Chartered Accountant in London handles are Corporate Tax, Individual Tax, and tax planning for self-employed individuals. Corporate accounting involves people dealing with business activities in corporations; this includes financial and operational audits, treasury services, credit services etc. Accounting represents the division of a corporation, which is responsible for maintaining balance between other core areas of business activity. As is the case with any unit, a manager who is capable of dealing with tasks in a professional manner should lead finance.

The first choice for business owners would be to look for a competent Chartered accountant firm in London. The advantage of hiring a firm is that you can find accountants who are experienced and well trained. Hiring firms is not mandatory, business owners can opt to hire Chartered accountants in London who practice on their own and are not associated with any firm. The decision of hiring an individual or a firm rests with the owner based on what kind of accounting jobs need to be taken care of.

London has many firms that can help small businesses with financial statements; tax returns bookkeeping etc. these firms also provide tax consultations and can be useful with personal income taxes. Their vast experience in handling corporate and personal accounts gives them the edge in helping people to maintain orderly financial records.

Posted in Uncategorized | Comments Off

Home Business and Financial Security With Today’s Failing Economy

What is Financial Security? Is that even possible with today’s sketchy economy? For many people, the idea of financial security and financial freedom may seem like a luxury and a thing of the past. Some people may seek it through a good and steady job, savings or investments. But is this even enough anymore with today’s failing economy?

Many people are beginning to realise that with the unstable economy, they will need to consider other options if they want to protect their finances and build a secure financial future. They are understanding now, that with the instability of our current economy, it will be more important than ever to have an option that is not dependent on the economy for it’s stability and security. One of the only industries that provides this would be the Internet: to have a home business in Internet Marketing.

Keep in mind, that there is really no such thing as total security. You will always have some level of risk and opportunity. The key is to minimize the risk as much as possible and steer clear of anything that is totally reliant on the economy or other people for your success.

In the entrepreneurial world, your experience and ability are much more important and useful than the illusion of job security. The appeal of a Home based business in Internet Marketing is that you will be in personal control of your financial security and future and in an industry that is independent and booming, despite the declining economy around the world.

In addition to financial security, Internet Marketing has a great deal to offer, such as extensive training and mentoring to show you exactly what you will need to do to in order to become truly successful and financially free. It will also offer you a passive, residual income for your financial future.

Whether you choose to accept this advice and start on your own personal journey to the world of financial freedom and opportunity or reject it and start running for cover and job “security” is up to you. No one can make this decision for you but yourself. With the decline of the world’s economy it is more important than ever to weigh the choices and decide which makes the most sense. As for me, I am relieved to have a successful home business that relies on the success of the Internet for my personal finances and freedom. I know I won’t have to worry ten years down the road, if my job will still be there for me!

Posted in Uncategorized | Comments Off

Protecting Your Business and Financial Documents With a Fire Safe

When you are engaged in a business, you probably know the importance of business -related documents that you need to refer to on a regular basis. Thus, there is a need to keep these documents using an effective storage system. Storing all of these documents makes for effective management.

Why should I organize my documents?
The main reason why you must organize your business and financial documents is to save time and money. It is common knowledge that good record keeping is equal to effective management. If all your important documents are stored in one place, you will be able to make sound and informed decisions because all the information you need will be right at your fingertips.

Apart from organization, you might also be worried of losing important original documents that could get damaged because of fires. As an entrepreneur, you need to keep everything in a convenient place where you can easily retrieve them but can be assured of their safety against theft or fires. This is the kind of solution offered by a fire safe. If this is a problem that you are facing right now then the easiest solution for you is to purchase one.

What will I place in the fire safe?
First of all, in purchasing a fire safe, you need to determine the kinds of documents that you plan to place inside the safe. These include traditional paper documents such as financial plans; tax returns; employee contracts; bank-related documents such as deposit books, cheque books, and bank statements; invoices and receipts; debit and credit notes; cashbooks and ledgers; day books; interest and dividend statements; and insurance policies. Aside from these, data can also be stored digitally as in the case of USBs, CDs, and the like; these should also be placed inside a fire safe. Also, you must consider if you are planning to place more than just documents and media files, for example, small electronic devices or even pieces of important equipment that should not be lost or damaged. Whatever the need, there is a perfect model for it.

What kind of fire safe should I buy?
Fire safes nowadays come in different kinds of models. There are larger versions with a capacity of 33.6 litres such as the SentrySafe MS3817. This model offers one hour protection from fires and features a waterproof seal that can protect against flooding. A mid-sized model is the Honeywell 2096D waterproof fire safe. It is an ideal option for those who are looking for extra security because it features a digital lock with override, one hour protection against fire, and eight hours of protection against water. It can also take in a capacity of 60.59 litres. The larger of the lot, the SentrySafe OA5835, which features a 56.6 litre capacity and weighs in at 95.7 kg. For such a hefty safe, it can withstand water penetration for 24 hours-talk about maximum protection!

Remember, the few hundred dollars that you spend investing on a high quality fire safe will not be as valuable as the sense of security and peace of mind you will have knowing that all your important documents are organized and stored securely.

Bennett Glover is a professional fire safety expert and consultant for commercial businesses to help promote fire safety and awareness in the UK area. He regularly writes articles to inform the general public about the safest ways of handling fires and how to prevent them in the first place. His knowledge and expertise has earned him many writing and speaking engagements. He enjoys teaching fire safety to students, business owners, and learning institutions to help save lives.

Posted in Uncategorized | Comments Off

Attaining Business and Financial Success – Tips For Massive Achievements

Have you ever why two people who have the same goal and seemingly take the same actions, end up getting such different results? Maybe you have known someone who always reaches or exceeds their goals, and someone else who always has a hard time achieving anything at all. What separates successful people from failures? What enables some to reach their dreams almost effortlessly, while others never even seem to have a chance? It is clear that successful people do things differently that those who fail. When you think and act in a way that supports success rather than repels it, you will achieve more throughout your life.

Are you ready to attain for business and financial success? Do you want to explode your business, start a new business, build wealth and financial freedom, and achieve any other goal that you have the desire to achieve? Then you need to start doing things in a way that will bring you the results you want. The following tips will help you achieve more in all areas of your life. I used them to build success in my businesses and financially, and then utilized them to achieve more in other areas of my life as well.

Get Your Goals Clearly Written Out

You cannot achieve big things until you know exactly what big thing you want to accomplish. It all starts with a goal, a clearly written statement of internet. Intent is the key word here. Many people wish and hope for more money, but those are not goals. Goals are clear visions that you have that you intend to make manifest in your life experience. Write your goals down, clarify them as much as possible, and review them day by day. If you do not yet know where you are headed, isn’t it time you found out?

Visualize Your Success

Knowing your goal is great, and clarifying it makes it even better. They say that clarity is power, because the more clearly you see what you want to achieve, the faster it will arrive. One tool that many successful people use to achieve their deepest desires is to take time out daily to sit and visualize their success. They see themselves in every detail just as they want to be when they reach their goal. This implants success in their mind and makes it possible for them. See yourself in your imagination as having already achieved your goals.

Watch Your Thinking in Tough Times

Tough times are bound to happen, especially if you have set high goals for yourself. If you play it safe with mediocre goals you may not meet hard times, but big goals require big action and commitment. When things get tough, make sure and remain positive, optimistic, and hopeful of still reaching your goals. People who lose their focus in tough times often quit or make vital mistakes. Keep focused on your goals no matter what happens and you will eventually reach them.

Read, Grow, and Thrive

You can get to any level of business or financial success that you choose, but you may need to grow yourself into the person who is capable of achieving it. People who are always reading, learning, and growing are constantly achieve more than people who do not take time and energy to invest in themselves. Grow from the inside out and there will be nothing that you cannot achieve.

Posted in Uncategorized | Comments Off

Sears Promo Codes – What Can I Buy With Them?

A lot of people are looking for ways they can save money. Whether they are buying food, clothing, household items, and necessities, it is the innate nature of an individual to look for a discount. If they cannot find a discount, they will look for a cheaper option. This though, does not apply with Sears promo codes.

The beauty about having a code is that you can get to save some items on your shopping venture. Since you have gotten a promo code for Sears, you can make use of the discount only with the brand. But you should not worry on what you can use it with as Sears has a complete line of everything that you can possibly need or want. The only thing they lack is food.

You can use your promo code if you will buy appliances, automotive/tires, beauty, baby, bed, bath, home, books, clothing, electrical gadgets, gifts, fitness, sports, health, jewelry, and a lot of other products. With Sears, you can easily have choose what you want to buy as they have such an extensive array of available products that you can choose from. You can even buy gifts for your friends.

The list of items that you can buy with your Sears promo codes seems to be endless. Your needed items can simply be bought at Sears. Because of this, you do not need to go to another retail store so you can complete what’s on your list. Truly, this fact alone can already save you some money on transportation costs that you would have otherwise needed to spend.

Posted in Uncategorized | Comments Off