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Transportation and Logistics

 

Transportation involves the physical distribution of manufactured goods …

 

Transportation involves the physical distribution of manufactured goods from the place where they are produced to the place where they are consumed, sold or distributed.  Logistics is the science of transportation and is aimed at reducing costs by employing proper scientific methods to improve efficiencies during these activities.

Transportation of goods can be achieved by many means that can include roads, air, railways, sea, inland waterways, canals and even pipelines. Selecting the right means of transport can go a long way in ensuring the proper logistics. This selection can depend on the product, its nature and shelf life. Goods that are perishable require a faster means of transport. The volume of goods to be transported can often influence the transport means as well.

Transportation costs can be reduced by ensuring that the goods have to travel the shortest distance. Logistics also requires tracking of goods and their location at all times, so that there can be a faster turn around of transport equipment and their more efficient usage. Logistics can also involve the management of storage, warehousing, inventory, and packaging.

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Transportation and logistics can lead to substantial costs for manufacturers. It becomes important to control the costs of transportation by avoiding unnecessary transport. This can be done by finding suppliers located at closer distances, buying assembled products, faster turnaround of vehicles, attention to time for loading and unloading and finding means to reduce it. Consolidating shipments, reducing the number of trips, eliminating the need for repacking and the proper labeling of products can go a long way to reducing the costs of logistics involved in the movement of products from manufacturing centers to distribution points.

Most modern day manufacturers use software and other methods that can help in the planning of all activities involved in logistics. Ensuring proper use of warehouses and reducing the need for storage can play an important part in improving the logistics and the need for transportation. Reducing the need for handling of products or finished goods or cutting down intermediate stages between factories and consumers can lead to efficiency in logistics. Conveyors and automation of handling can help in this.

Proper planning of production processes that can eliminate the need for storage and warehousing can go a long way to improve logistics.

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Intro to Bookkeeping for Your Business

In the day to day running of any commercial enterprise …

 

In the day to day running of any commercial enterprise there will inevitably be a large number of financial transactions of various types happening on a daily basis. The importance of these transactions which will of course vary depending on the organization in question. Keeping track of all these transactions is important, particularly around tax season when every organization is expected to pay money into the government just the same as private citizens. Unlike private citizens though, businesses and non-profits typically bring in and spend money far more often.  As a result it becomes necessary to properly track the income and expenses of these groups closer, and file them away in a manner that’s easy to reference at a later date.

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Bookkeeper vs. Accountant

The process of recording the transactions of an organization, particularly an organization that takes in and sends out a large number of transactions on a frequent basis, is known as bookkeeping. While recording these transactions is a part of the accounting process for a business or non-profit organization, a bookkeeper is not necessarily the same as an accountant. While a bookkeeper can record this information, an accountant is required to properly prepare and organize the information for purposes ranging from applying for grants and subsidies to preparing statements for investors to, of course, preparing an organization’s income records for the ever dreadful yet absolutely necessary to society purpose of taxes.

Any process that involves recording financial transactions is a bookkeeping process, however, and most accountants can reasonably be expected to work as bookkeepers as well as accountants if it so comes to that. Still, a reasonably trained employee can also serve as a bookkeeper without full training as an actual accountant. A bookkeeper’s job is to record the daily financial transactions of a business, as well as collecting other records of the transactions afterwards, ranging from receipts to invoices to digital records showing the fuller depths of a business’s operating income and expenses. It is also the responsibility of a reasonably trained bookkeeper to ensure that all transactions are recorded in the proper place to ensure that each transaction is recorded in the right place.

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Daybook Defined

There are a number of places where these records are kept. On a daily level, these records are known as daybooks. There is the sales daybook, which is where a book keeper records sales invoices, usually on the spot sales made by an organization. The sales credit daybook is for sales made on credit, a book that is growing ever more important in an era of credit cards and other payment methods. On the other hand, the purchases daybook is where the bookkeeper records all the purchase invoices, where by the business records the expenses other businesses charge them for daily operations. The purchases debit daybook is where all the purchase debit notes are recorded, a complicated matter that all book keepers should be ready to handle. There is also the cash daybook, wherein all the money in the form of cash or similarly liquid assets are received and spent by a business, which may be split into two separate books, one for cash spent and one for cash received.

Of course, the records kept by a bookkeeper are basically just records, usually made on the spot and then recorded into the daybooks at the end of the business day or even an employee’s shift at the workplace. These records are considered the “trial balance stage” of an organization’s transaction records, usually spanning no more than a day or at most a week at a time. The trial balance stage is the first stage of the accounting process, where very little worthwhile information can be found easily, instead requiring a closer look to get a broader picture of the organization’s financial situation.

Income Statements and Balance Sheets

From there, the full depths of the assets transferred tends to call for a business owner or their accountant to actually prepare sound, financially coherent reports about the actual depths of the financial situation of an organization, whatever that situation may be.

From the trial balance stage, an accountant then takes the bookkeeper’s records and transforms them into income statements and balance sheets, both invaluable tools for keeping the full picture of a business visible to its owners and others.

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How To Create And Maintain A Podcast

If you spend any time at all surfing the internet, then you’ve learned about podcasts.

 

Podcasts are like pre-recorded talk shows, Some of them tell amazing stories, others are simply one or several people talking about a topic. Whatever the podcast, it gives people a chance to record something that interests them, and share it with others across the world.

Naturally, this makes you curious. You want to try making your own podcast. But if you’ve never done it before, you likely have no idea how to even start. So how do you do one?

Sound Editing And Recording

First step is to get good at audio technology. There are a number of recording and editing programs available on the internet, some of which are even free. You’ll also need to learn how to rig up a proper studio. This can be done by hanging squares of foam from the ceiling, or if you have a carpeted room, that will work as well. Essentially, you want to make sure you don’t have any echo.

Once you record, you have to go through and edit it. It’s tempting to try publishing a “stream of thought” podcast, but those don’t tend to become very popular. You want to make certain your podcast makes you sound knowledgeable and interesting, and that there are no awkward pauses or digressions from the main point.

Speaking of, what is the main point of your podcast?

Writing Podcast Episodes

There are a number of podcast ideas out there. There’s the popular “Welcome to Nightvale”, which has stories told about a weird, supernatural desert town in the format of a community talk radio show host. Then there are podcasts like Half-Glass Gaming, which talks about retro gaming, video game history, and how history led to modern video games.

Whatever the topic, keep in mind that the more specific it is, the harder it will be to create new material. This is fine if you only want a limited run of podcast episodes. Maybe you have a specific story you want to tell. But if you’re hoping for the podcast to continue on into the foreseeable future, you’ll need to make sure your topic is broad enough for novelty, but narrow enough to cater.

Lastly, know your niche! Don’t make the podcast too broad, or you won’t attract anyone. For more info check out the video below!

 

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Business coaching tips to grow your business

Many businesses want to grow their business and increase their sales. 

There are a lot of things that can help you get the desired results.

Below are a few business coaching tips from the pros.

Education

Education is not an expense, it is an investment and it is the best investment you can make. You need to work harder on yourself than you do on your business. A successful client is constantly learning. You should consistently be learning about your industry and business in general. Getting involved in business coaching is a great way to learn, teach, and associate yourself with successful people. Maybe you would like to become a coach and take some coaching training online or attend classes.

Niche

The most successful business owners are in very tight niche markets. It is better to be specialized in your trade. Specialists are much more successful because they are in higher demand. This means you will be more effective and this will produce better results. You shouldn’t be afraid that you may miss customers because of lack of variety.

Quality

Always strive to improve your quality. This is how to become an industry leader and it is very important if you want to have longevity. You also need to focus on the future. You should be an innovator. Consistently create new and better systems for customers. A good innovator can continuously increase results. You need to be able to adapt, and you should have a flexibility that gives your business agility.

Client Centric

You should always ask yourself: “How does this help our customer?” You can put a great feedback system in place. It is important you know what your clients, competition, market, and employees are all doing.

Business model

Do you have a good business model? You need to have a great business model. A great model avoids anything that doesn’t improve your revenue or system. If you can’t prove the value, you shouldn’t do it. You need to have a mix of passion and a good business model. Remember, your product determines who your customer will be. Picking a higher end of a market can increase the price you can charge. Leverage can also increase your systems. Smart entrepreneurs know a great business model includes growth as well as sustainability

Teams

Learning to build a smart team can increase your productivity exponentially. A great team creates an immense amount of synergy that can increase production and employee retention. Teams are much easier to manage.

Employees

The people you employ is what transforms a good company into a great company. Your employees can elevate your business from good to great. If you find someone who is qualified, you should get them on your team. It is very difficult to find people who are going to improve your business, and you want visionaries and leaders to set your office’s pace. If you meet someone that fits this description hire them immediately. Sometimes you hire someone and after a couple months, they don’t perform as well. The more effort you put into someone the more effort they are going to give you back. Constant training is critical to success. Workshops can help build value in your employees. This training can help shape your employees into business professionals. It is up to you to give your employees the tools to succeed.

 

Training is a key to success

If you can follow these business coaching tips you probably don’t need a business coach. If you can’t follow these tips you definitely need a business coach. Owning a business is like owning a time machine. Hours can turn to years before you realize it. If you are a business owner, who is finding it hard to hit the results, a business coach may be the answer to your problems. It is important to remember business coaching is not an expense—it is an investment. Investing in your education will always increase your results.

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Business Coaching from the Pros

A Business Coach is There to Help You Succeed in Business

 

A business coach works with you, on a one-on-one basis, to help you improve your business and stick to your goals. Business coaching may help you set specific goals and hold you accountable to your business plan. A great business coach can dramatically increase your business. They are great at helping you stick to your implementation plan. Don’t mistake the time you put into a business as time invested in your business. You should be constantly learning about your industry, and a business coach may be a great way to help you apply your knowledge in the form of marketing campaigns.

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Consider Cost

 

It is important you understand that a good business coach will not cost you anything in the long run: It will cost you at first, but in the long run, it is going to pay back many times over.  If you knew you could pay a business coach $2,000 a month for them to increase your revenue by $12,000 a month, would you do it?  Your mentality should not be “how much is this going to cost me?” but “how much we can make together?

Do I Need a Business Coach?

 

You need to do some soul searching when deciding if you should use a business coach. Ask yourself questions like “Did you make the profit you expected?” and “Is your business growth on track?” If the answer is no you may want to consider a business coach.

Choosing a Business Coach

 

It can prove difficult finding the right business coach. You should make sure to ask the right questions to ensure you get someone who fits your needs. Ask them to tell you about their business coaching team. It is better to work with a firm that has multiple coaches who specialize in very specific skills. You should ask them “what achievements are we going to achieve?” and can they guarantee results? If they don’t produce results, they shouldn’t get paid. It is important to understand that you don’t purchase a business coach’s time, you are paying based on returns they provide.

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The Disc Personality Test

There are some who find it easy socializing and working with others while some find it to be quite difficult.

 

Basically, this is not a matter of skill, talent, or behavior, but more like personality. If you are an employer, it would be great if you can identify the personalities of those under you. Getting to know what they like, their dislikes, as well as what makes them work better will surely make it much easier for you managing and communicating with them so that they are more effective when it comes to working together and accomplishing tasks.

team-spirit-DISCWhen you are working with people, whether you are the boss or just an employee, your personality type will most usually either work and interact better with others, or clash against them. The truth is, we are all proud of our personalities as these are what usually make us unique. However, under the DiSC Profile Test personalities are categorized under only five behaviors and it is your involvement with any or any of the five behaviors that makes you work better with people or clash against them due to their personalities as well.

These days, when companies attempt to hire individuals, they make them take the DiSC Test to know the type of personality that DISC-quadrantsindividual has as characterized by the DiSC Profile. Certain assessments from the program will be made with the personalities of every member within a team to see whether they work better together with the team to create harmonious and effective team players, or if their personalities will clash making the team work more ineffectively.

The DISC Personality Test does not have any right or wrong answer. Basically, how you answer the questions places your personality on a behavior as categorized by the program. It is essentially a measure of a person’s behavior and personality. The program has undergone extensive research and it is a better tool to be utilized to make a company more effective rather than mixing and matching individuals to get that hit or miss effect.

If you are still not convinced about the DISC Personality Test, consider these traits: Do you prefer to lead or follow? Do you work better alone or in a team? Do you want to have your own pace in work or can you work effectively with strict deadlines? Are you the fight or flight type?

All these are simple questions but they make it effective in identifying your individual personal traits.

 

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