An Effective Way For Small Business Owners - 780 Words

The most effective way for small business owners to be sure that they are aware of their company’s financial status is to have an accurate balance sheet that reflects the most current information available. By keeping this information up to date every quarter, you can help yourself avoid a lot of problems and surprises down the road. A balance sheet provides you with an at-a-glance summary of your company’s financial health as of a specific day. It is broken down into what the business’s assets are, what the business’s liabilities are, and the amount of owner or shareholder equity. The balance sheet gets its name from the fact that the assets must be balanced by and equal to the liabilities plus the equity. Some business owners have†¦show more content†¦Current liabilities include accounts payable, sales and payroll taxes, payments on short-term business loans such as a line of credit, and income taxes. Long-term liabilities are those that are paid over a longer period of time, generally over more than a year. These include mortgages and leases, future employee benefits, deferred taxes and long-term loans. Understanding the Equity Portion of the Balance Sheet When entering information onto the equity portion of the balance sheet, you should include the value of any capital stock that has been issued, any additional payments or capital from investors beyond the par value of the stock, and the net income that has been kept by the business rather than distributed to owners and shareholders. In order to be sure that all of the information on the balance sheet is correct, you can double-check your numbers by subtracting assets from liabilities – the result should equal the equity amount. For more information on how to structure a balance sheet, check out this website: sample balance sheet. The Value of a Balance Sheet At first glance a balance sheet may look like an incomprehensible collection of numbers, but once you understand all of the various components and how they relate to one another, they will provide you with the opportunity to detect trends and spot issues before they become problems. Your balance sheet can alert you to: Times when inventory is outpacing revenue, thusShow MoreRelatedHow to Use Social Media for Small Business Essay1229 Words   |  5 Pagesprobably the most cost effective marketing tool available that allowed businesses to manage brand reputation, advertise, served customer, broadcast, and network (Fine, 2010). The social media has become a widespread phenomenon and global trend because of the popularity of Twitter, Instagram, Pinterest and Facebook (Hinchcliffe Kim, 2012). In the recent study conducted by LinkedIn, 94% of small businesses use social media as a marketing tool and 49% use it for research to grow business (Weiss, 2014). TheRead MoreKnowledge of Accounting System as Effective Tools in the Decision-Making of Micro Enterprises1343 Words   |  5 PagesRecently, on July of year 2009, the International Accounting Standards’ Board (IASB) released the International Financial Reporting Standards for Small and Medium-Sized Entities (IFRS for SMEs) . Micro, small and medium enterprises (MSMEs) encompass 99.6% of all registered business in the country and occupy 70% of the labor force (Department of Trade and Industry [DTI], 2010). This makes them an essential unit in the economical aspect of the country. Also, according to DTI, their major role entailsRead MoreConcept Of Culture For Organizational Business1519 Words   |  7 Pagessignificance of the concept of culture for organizational business, we first must identify the two theories of culture theory and organizational theory. 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The process of securing funds can also be problematic for most start-ups and small business because of the unwillingness of most traditional banks to provide funds to small borrowersRead MoreTime Management Tips For Employers953 Words   |  4 PagesEmployers If you are an employer and small business owner, time management becomes critical for making the most of your business, achieving your goals and even fostering loyalty from customers and employees. The following five time-saving tips will help you get more done in your available time without generating stress or working 80-hour weeks. 1. Planning Your Work Planning your work is the most important strategy for effective time management. The small business owner can t do everything personallyRead MoreEssay about Employee Motivation1702 Words   |  7 Pagesworkers apply to their jobs. In the increasingly competitive business environment of recent years, finding ways to motivate employees has become a pressing concern for many managers. In fact, a number of different theories and methods of employee motivation have emerged, ranging from monetary incentives to increased involvement and empowerment. Employee motivation can sometimes be particularly problematic for small businesses, where the owner often has spent so many years building a company that he/sheRead MoreSuccess And Success : An Analysis Of Startup Business1124 Words   |  5 PagesStartup businesses should consider that a successful business marketing plan has little to do with a gut feeling or a hunch; it is rather based on sound market research. A competitive advantage will be given to any small business that realizes this. This is not however, where entrepreneurs focus there attentions. Even though well done market research is crucial for understanding the competition, most entrepreneur ideas center on entrepreneur business opportunities and creating successful products. If

Harriet Beecher Stowe s Uncle Tom s Cabin And Olaudah

Sydney Sanders Ms. Johnson American Literature 2301-60 December 1, 2015 American Slave Literature Harriet Beecher Stowe’s novel, Uncle Tom’s Cabin and Olaudah Equiano’s Narrative of his Life both endeavor to stir antislavery sentiment in predominantly white, proslavery readers. Each author uses a variety of literary tactics to persuade audiences that slavery is inhumane. Equiano uses vivid imagery and inserts personal experience to appeal to audiences, believing that a first-hand account of the varying traumas slaves encounter would affect change. Stowe relies on emotional connection between the readers and characters in her novel. By forcing her audience to have empathy for characters, thus forcing readers to confront the harsh realities of slavery, Stowe has the more effective approach to encouraging abolitionist sentiment in white readers. When looking at a full version of Olaudah Equiano’s Narrative, the reader is immediately presented with an image of Equiano holding a Bible open to Acts. Equiano later explains his religi ous beliefs in chapter 10 of the Narrative. This has often been interpreted as a plot for Equiano to gain the trust of readers, who at this point in time placed high value in religion, however Professor Eileen Elrod views this as interpretation as dismissal of Equiano’s Christianity as a result of assimilation to the Western world. Elrod notes, â€Å"if we take the facile view that he is simply using religion to manipulate readers, or we see him as simplyShow MoreRelatedSlavery in American Literature1590 Words   |  7 Pagespublic an account of slavery was Olaudah Equiano. Perhaps the most eloquent accont was written by Harriet Jacobs. Sojurner Truth and Stephen Douglas laster wrote powerful accounts. Several great pieces of American literature addressed the slave issue. Harriet Beecher Stowe The most important ante-bellum (pre-War work)was Harriet Beecher Stowes Uncle Toms Cabin (1852). Stowe was virtually unknown when she wrote the book. She was influenced by the experience s of two teenage Maryland slave girlsRead MoreIndividual Rhetorical Analysis Of The Selected Readings2297 Words   |  10 PagesIndividual rhetorical analysis of the selected readings by Olaudah Equiano, Harriet Jacobs, Frederick Douglass, and Harriet Beecher Stowe are necessary to arrive at a collective analysis of the most effective strategies. Olaudah Equiano’s â€Å"The Interesting Narrative of the Life of Olaudah Equiano or Gustavas Vassa, the African† was first published in 1789 in London, England (687). Equiano’s narrative is informative; however, it is critical of the treatment of slaves and persuasive in its appeals to

Comparing the attitude towards terroism in out of the blue and the right word free essay sample

The use of dramatic monologue allows Armitage to explore the thoughts and feelings of a victim of conflict. This extract comes from a much longer poem called ‘Out of the Blue’, commissioned by Channel 5 for the fifth anniversary of the bombing of the Twin Towers in 2001. The powerful TV images of the planes flying into the buildings, the subsequent fires and the collapse of the Towers captured the events, as they happened, for a stunned and horrified worldwide audience. Nearly 3000 people died in the attack, 67 of which were British. The title describes the perfectly blue skies of September 11th 2001, and the absolute suddenness and surprise of the attack. There is a sense that even in those skies, where nothing could be hidden, danger is lurking. In Stanza 1 there are direct quotes relating to the disaster. ‘You have picked me out’ this directly addresses the TV viewer / partner /reader, identifying the speaker in a specific context in relation to the video images, and establishing a particular relationship between speaker / victim and passive, powerless, horror-struck watcher. ‘a white cotton shirt is twirling, turning’. The use of ‘white’ is suggestive of innocence, peace or surrender. In Stanza 2 the speaker is introduced as very active(‘waving, waving’), but also with a sense of vulnerability (‘Small in the clouds’) and of his own plight and doom (‘a soul worth saving’) In Stanza 3 ‘So when will you come? ’ This puts the reader put on the spot. ‘Do you think you are watching, watching / a man shaking crumbs / or pegging out washing? ’ This invites us to consider our own response, to move beyond overwhelming and enthralling images and acknowledge the victims. In Stanza 4 ‘trying and trying’ the use of ‘and’ breaks pattern of poem and suggests determination. It considers the psychological impact of the situation, the burning building, on the speaker; he is defiant but there is an ebbing of hope. The poem shows how, in the modern world, conflict isn’t confined to a battlefield, and terrorism intrudes on everyone’s life. The longer poem establishes the speaker’s ‘master of the universe’ character, a financier looking down from his office, but he is trapped in the burning building, and the tone of the extract is desperate and pleading. The poem is a dramatic monologue ? Armitage imagines a character from the TV footage, and invites the reader, who is already a witness to this event, to also see it from the personal point of view of a victim. The dynamic of the poem, with the persistent address to ‘you’ and its question ‘Are your eyes believing’, implicates the reader in this man’s fate and also the larger situation of how this impinges on all of our lives. He uses the first person and present continuous tense used to give a pressing sense of urgency. The immediacy of the event is heightened by the insistent repetition of the present participles. There is a use of different types of line for various effects. In the final stanza all lines are end stopped indicating finality, that he has reached the end. In contrast other verses use enjambment, to disorientating effect, suggesting the enormity of the situation – both the dizzying height, the scale of the event and facing up to death. Caesuras are also used to powerful effect: ‘The depth is appalling. Appalling’ highlights the terror of the situation. The use of repetition, of verb forms and particular words and sounds to emphasise ideas and situations, asks the reader to contemplate the speaker’s situation, to look twice, not turn away. Also the use of questions throughout makes the readers ask why. What has caused this? Why does mankind behave like this? What is our own role and response to this? Has conflict become a media spectacle for entertainment? However, In ‘The Right Word’ Imtiaz Dharker (1954? ) uses the subtleties and connotations of language to explore perceptions and values, and challenge how we see and define our world. Born in Pakistan, Dharker was brought up in Glasgow and now lives in London, Wales and India. As such she belongs to many communities and has been said to see things from an outsider’s perspective. The poem, published in 2006, is one of ideas; it calls to mind Peter Ustinov’s aphorism: ‘Terrorism is the war of the poor and war is the terrorism of the rich’. Dharker’s poem explores the meaning and value of the labels we conveniently give to things, and reflects on the nature of writing and communication. The irony of the title is that there is no ‘right word’ and the poem considers the power of language to represent and even cause conflict by defining people and positions by our terms rather than understanding their views. As such it is ideological conflict as much as physical conflict, with competing parties holding different interpretations of the same event. Beginning with the word ‘terrorist’, a very loaded term in today’s world and the word she wishes to analyse – Dharker offers a number of alternatives to undermine glib assumptions that this might be ‘the right word’, or indeed the only word available. The title, initially a confident statement, becomes tentative and questioning, and by the end of the poem Dharker offers a different way of seeing the world. The terrorist is introduced ‘Outside the door, / lurking in the shadows’, a concrete and an ambiguous place which suggests the threat of terrorism that hangs over society today. Dharker challenges that description and offers various others (‘freedom fighter’ ‘guerilla warrior’ ‘matyr’) which encourage the reader to reflect on the use of terms that label and stereotype people and can deny more thoughtful attempts at understanding. Towards the end of the poem Dharker offers more personal, but also indisputable, names for the person ‘Outside the door’ – ‘child’, ‘boy’ and ‘son’. These are inclusive rather than divisive terms, which stress relationships and connections rather than fear and threat. She ends the poem on a positive note, inviting the person outside the door into the house where, treated with respect, he behaves with respect, taking off his shoes. Dharker is making a plea for us to be inclusive, to be understanding in many ways it is the word ‘outside’ which is the problem.