The Secrets Of Becoming A Successful Business - 2171 Words

In this book the author has discussed the secrets of becoming a successful business owner and the differences between working to earn money and having your money work for you. In the first few chapters the author talks about how money works, the art of negotiation, communication, and importance of having connections, and knowing the right people. The next few chapters of the book are about the operation of any business; the process, human resources, marketing, sales, and finance. The last part of the book is about strategy, seeing the big picture, and planning. Most Harvard Business School students do not care about getting a job after graduation according to the author. Because having a regular job is a means, not an end. It is true that great education and having a great career are important in life, but that all depends on one’s goal in life. Having a good stable job would put you in a middle class or maybe in an upper middle class, however if one’s goal is to maximize their wealth and fortune, working for someone else is not logical. The book discusses two types of income: linear and investment. Linear income is when one works for someone else and gets paid based on how many hours they put in which has a limit depending on his or her level of education and experience. Once the person stops working, they will no longer have that income. On the other hand, investment, is when your money works for your and does not depend on how much time one puts in other than maybe inShow MoreRelatedSkills, Traits, And Characteristics Of A Successful Entrepreneur1210 Words   |  5 Pages Skills, Traits, and Characteristics of a Successful Entrepreneur Anonymous Author University of the People Entrepreneurship 1 3303 â€Æ' Abstract Skills, traits or characteristics are essential ingredients in being a successful entrepreneur. Although these ingredients are numerous, an entrepreneur should develop the ones that are relevant to becoming successful. This paper will first examine skills, traits, and characteristics that are more important to have as an entrepreneur. Then, we researchedRead MoreWhy I ve Done Pretty Well For Myself1057 Words   |  5 Pagesother marketing activities. I then transitioned to sales, where I could continue to hone my copywriting abilities while earning a commission selling my company s products. And all along, I chased secret after secret to copywriting success in cheapo books from Amazon. But, let me tell you a little secret. I wouldn t do it that way again. In fact, in the last couple of years I ve changed my approach a bit - and shortly thereafter, I broke out on my own as a freelance copywriter, and have startedRead MoreDiamond Foods Case1276 Words   |  6 Pagesconsumer’s minds and their snacking habits. DF has recently acquired Harmony and Pop Secret, and is considering future growth opportunities. Diamond must choose wisely with potential strategic opportunities and may miss out if the proper moves are not made, and if they do make a mistake they may end up in a bind financially. Situation Analysis (see Appendix A) External Analysis DF’s customers are becoming more inclined to choose sensitive to healthy, organic options that are easily eatenRead MoreWriting P : A Successful Accountant879 Words   |  4 PagesShu 1 Ren Shu 2015/03/08 Rebecca Writing P To be a Successful Accountant People’s normal lives are closely related to the economy. In addition, accounting is the root part of the economy. With the advent of the 21st century, accounting is becoming more and more popular among nowadays’ society. Many students choose accounting as their major. Many accountants are proud of themselves to have this job. However, it is not difficult to become an accountant, but it is hard to let everyone achieveRead MoreSucccessful Entrepreneurship: Self-Supporting953 Words   |  4 Pagesinvestments. Secondly, entrepreneurship is significant to the American capitals since it forms innovative job possibilities. New kinds of businesses are formed in every era of time since technology and interests of the people continue to change, Innovative business concepts reel in American persons and their investments. The United States of America is known for its authority in innovation such as sustainable fuels for vehicles, diverse types of amusement, improvement in the medical industry, and new stylesRead MoreHigh Technology Startups Essay1145 Words   |  5 PagesEach countries numerous laws have so much impact on how High Tech startups operate and behave that they can go out of business (Joyner Payne, 2002). The effects of regulations can range from the ease of doing business to the protection of trade secrets. For example, due to the expected decrease in workers numbers and number of business startups, the U.S. is looking to reform its immigration regulations to attract more highly-ski lled employees in science and technology in hopes to compete with SingaporeRead MoreEssay on The Failure of the American Dream in Death of a Salesman1480 Words   |  6 Pages(Nadi 2005) Willy Loman defined success in three ways: The success attained by his role models, popularity, and the belief that successful people are risk takers.  The success attained by Willy’s role models, Dave Singleman, his father, and his older brother Ben, is what he envisions as the American Dream. â€Å"Willy only visualized the end product, being successful, and not the process that they may have gone through to achieve that success. Willy thinks that Dave Singleman is the definition of successRead MoreEssay On Creating A Profitable Business From Scratch1188 Words   |  5 PagesCreating a Profitable Business from Scratch After meeting so many people who started their business, some became successful while others weren’t that lucky enough, I have seen how some people who started small and gradually became big names in the business are the ones who really had the heart for the business. Although becoming successful in your chosen business may also be from learned experience, there are those who may have started it young as a hobby, then carried it out to the world for everyoneRead MoreEntrepreneurs Never Fear Failure By Pam Carroll925 Words   |  4 Pagesarticle on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Pam Carroll Entrepreneur Mindset Secret ~ Don t Fear Failure! Entrepreneurs never consider the possibility of failure. To them, Failure Is Not An Option. The fear of failure is one of the greatest obstacles to reaching success in adult life. It is not failure itself that you fearRead MoreEssay Successful CEO Strategies966 Words   |  4 PagesSuccessful CEO Strategies Being a CEO is proven to be much more difficult than trying to become one. Over the last few months we have been examining the reasons behind the successes and failures of some great CEO practitioners. It seems that, despite the different managerial styles, great CEOs employ some common techniques. The following pages contain the golden

Black Americans And The Criminal Justice System - 994 Words

The criminal justice system in the United States is evident of several deep flaws relating to the treatment of black men and women accused of committing criminal offenses. It is logical to believe that due to the U.S.’s rather dark past surrounding the treatment of black Americans, systematic racism is included under the guise of the criminal justice system. The U.S. is historically infamous for it’s open racial discrimination against black Americans, up until systematic racism became one of the more dominant forms of discrimination in the most recent years. Systematic racism has been shrouded under societal ignorance and regulated particularly by social and political groups in order to keep the human rights of black Americans frigid and†¦show more content†¦Certain law enforcers with racist ideals will sometimes exploit their position of power unfairly to target black Americans, or â€Å"racially profile†. In some cases, especially in conservative state s, it’s been known for police departments to advise their officers to suspect race in a key element of determining criminal activity. This detrimental generalization based on race has snowballed out of control, taking to events like the War on Drugs (find an article on the war on drugs and racial discrimination within to support your assertion). Another cause in the spike of black inmates is the push for prisons to remain functioning and full of inmates. The U.S. has the largest incarceration rate compared to any other country in the world, and according to the Bureau of Justice Statistics, the majority of those imprisoned in 2006 were black citizens at approximately 4.8%, whereas Hispanic inmates make up 1.9%, and white inmates make up 0.7% ( BJS.gov). Many will argue that the reason the rate is so high is because of the lack of education/lower class status of black communities, but evidence points toward how some law enforcers racially profile or are informed to do so when suspecting criminal activity, especially so with black people. In Michelle Alexander’s The New Jim Crow, Alexander explains how racism in the U.S. has been â€Å"redesigned† in order to be written off as nearly nonexistent (Alexander, 2). Alexander goes on toShow MoreRelatedThe New Jim Crow : Mass Incarceration1199 Words   |  5 Pagesperceptions on the American criminal justice system? Michelle Alexander was able to accomplish that by altering some people s entire perception on the American criminal justice system by focusing on our most pressing civil right issues of our time for some of those who did read her book The New Jim Crow: Mass Incarceration In The Age of Colorblindness. Michelle Alexander stated that The most despised in America is not gays, transgenders, nor even illegal immigrants - it is criminals. That was anRead MoreRacial Discrimination And The Criminal Justice System1512 Words   |  7 PagesAlthough saying the criminal justice system is racist is a controversial statement, there is evidence and statistics t hat prove it to be true. Research and evidence validate the issue of racism to be undeniable. Equality and justice are out of reach with the racism that takes place in our criminal justice system and our country. Racial discrimination is prevalent amongst the African American culture in issues regarding drug use, and incarceration which creates unfair inequality for this race. I willRead MoreThe American Civil Liberties Union1630 Words   |  7 PagesSo far whites and blacks have been involved in many drug offenses, possession and sales, at a very comparable rate. â€Å"While African Americans comprise 13% of the US population and 14% of monthly drug users they are 37% of the people arrested for drug offenses† (Marc Mauer). The police usually stop blacks and Latinos at rates higher than whites. Within New York City, the people of color make up about half of the city’s population, while 80% of all the police stops were of blacks and Latinos. When whitesRead MoreSociali zation Techniques Of African American Male Within The Criminal Justice System1325 Words   |  6 Pagestechniques of African Americans, in particular black males in the criminal justice system are vastly dissimilar in comparison to their white counterparts. The dominant socialization indifference is theoretically associated with Marxist Criminology schools of thought, in particular conflict theory. Qualitative, empirical, and historical data supports Marxist criminology based on capitalism, conflict, and the disparity treatment of the Afro-American male within the criminal justice system: police, courtsRead MoreThe Dignity Of Black Americans1701 Words   |  7 Pagesdignity of Black Americans is being taken away by the same people who are getting paid by American tax dollars, to protect and serve. Because of this rash of recent deaths, Black Americas have started an initiative to ban together to fight the racial injustice in this country. Black Lives Matter is an organization of American activist who created a grassroots movement to abolish the degradation and demonization of Blacks Americans. This movement formed after the shooting death, of Florida Black AmericanRead MoreBlack Americans Receive A Stricter Punishment Than White Americans Essay1446 Words   |  6 PagesWithout a doubt, black men in the United States continue to be excessively â€Å"incarcerated, policed, and sentenced to death at significantly higher rates than their white counterparts (Kerby 2).† Portrayals in the media have depicted black men as thugs and common criminals; these negative stereotypes demoralize men of color and allow society to believe and internalize this destructive thinking. The racial disparities that exist in the criminal justice system are an indirect consequence of the portrayalsRead MoreThe Bearing of Race and Ethnicity in the Criminal Justice System1285 Words   |  5 Pagesto whether or not race and ethnicity have a bearing on an individual’s tre atment in the criminal justice system for many years. I will be arguing that race and ethnicity do in fact, have a bearing on one’s treatment in the criminal justice system. I will be backing up my position on this topic by providing evidence from five scholarly articles. My first source is African Americans and the Criminal Justice system by Phyllis Gray-Ray, Melvin C. Ray, Sandra Rutland, and Sharon Turner. The authors’ hypothesisRead MoreRacial Discrimination And The Criminal Justice System1725 Words   |  7 Pagesthe race industry within the criminal justice system in all level law enforcement, courts and court system. Racial discrimination can be researched back in history its leading enablers take it as undisputable that the African American community has the highest number of incarceration rates result within the criminal justice system. According to many evidence and statistics is can be stated that at a presidential primary debate Barack Obama made a statement that blacks and whites are arrested andRead MoreFairness And Equality Within The Criminal Justice System1361 Words   |  6 PagesIntroduction The question of fairness and equality in the criminal justice system has its original roots dating back to the Magna Carta in 1215 AD. The latest document to define the criminal justice is the United States Constitution which specifically in the 14th amendment which states †no state can make or enforce laws on its citizens, nor shall they deprive a person of life, liberty, or property without due process of law, nor will they deny equal protection of the laws†. Section one of theRead MoreRacial Discrimination807 Words   |  4 Pagesprejudice in the criminal justice system has had a profound effect on the lives of African-Americans and Hispanics. From policing to trial to sentencing, racism against minorities occurs throughout the entire process in the criminal justice system. This research paper will outline some of the aspects and evidence of racial discrimination in the criminal justice system. ​Keywords: criminal justice, discrimination, profiling, sentencing Racial Discrimination in the Criminal Justice System ​Minorities

What is happiness Free Essays

In our current world, as we all regard, money is the tool for getting things we need and want. Everyone uses it and suppressing the money is both tangible and intangible. We work for months and years to have money to buy specific things. We will write a custom essay sample on What is happiness or any similar topic only for you Order Now ‘A man wants to earn money In order to be happy, and his whole effort and the best of a life are devoted to the earning of that money†. (â€Å"The Myth of Sisyphus â€Å". 1942) Lots of human beings are spending their money to buy some products and services because they believe having these stuffs will make them happy. But what if they wrong? What if there is no real happiness come from money? As far as I am concerned, money is only tool not a purpose while achieving the happiness. Some say ‘ You can’t be happy without money because It unlocks everybody’. According to them life offers every kind of opportunity and happiness to the wealthy people. Unfortunately, money can only buy temporary happiness. For reaching more permanent joy and felicity, you need values that are more important than money. First of all, the most essential feature to underline is that there is an illusion and wrong perspective about rich people. Some poor people assert that they would be much more happy If they have lots of money. They watched the celebrities and other wealthy people life on TV or reading from magazines and prejudiced about they are always happy as they look Like on TV. There are lots of famous people Like director Tony Scott, Kurt Cabin, Marilyn Monroe and recently Robin Williams committed suicide due to stress and smashed under the burden of being celebrity. All of these people had huge money when they were alive but suffered from stressful life. As a factual consequence of this,it leads these people to depression. We shouldn’t forget that there could be some situations that your money don’t work such as: Health. Suppose that, you are rich and earning millions of dollars. In case of Illness, you could easily vault some high-tech medical center and might receive the best treatment,however, there are many diseases which aren’t able to cured by medical researchers yet. If you have these kind of incurable disease, it doesn’t matter whether you have money or not. You wish to be more healthy instead of being a rich so your money don’t buy your health and your happiness Indirectly. In a recent survey inducted by Harvard researchers, it has been detected that money Is not the first priority for people. According to participants who also declared they are happy from their life, money took 3rd or 4th place in their priority ranking. Being healthy, living peaceful life and being with someone you love are ahead of money in that survey. As a factual consequence of this, we can easily say that you can be happy with ordinary income level. Another example is difference between people living in rural and urban areas. In contrast to people living in urban areas and metropolis who has more Income, rural living people are more happy and far away from stress. When you each other because of the mutual benefit. In most cases, boy has more money than girl. He think indulging a girl and buying her precious gifts make them happy but money makes the people greedy. Girl starts to want more expensive things so it gives lots of damage their engagement and happiness. Relationships based on money and benefit instead of targeting happiness and respect usually causes irreversible consequences. You will never know what will happen. In case of bankruptcy and poorness, can you sure that you will be as happy as before? To my own view, even if you have millions of dollars, there are still some values and things that you can’t afford. Considering the strongly related to the topic of money, we can not ignore that we can still be happy without having a huge money account, mansions or luxury cars. Some poor people dream about being a rich one day and they usually tough ‘ Without money you can’t realize your dreams’ but there are more urgent priorities like health,friendship and little happiness that you can’t buy with money. Money creates more like temporary, abstract happiness. How to cite What is happiness, Papers

Management Accounting Management

Questions: 1. Discuss the purpose of management accounting and the relative Importance of using management accounting tools over financial accounting, for furthering companys growth and profit. 2. Explain different classification of costs namely on the basis of type, function, behaviour and relevance and the implications of the cost classification for pricing. 3. Analyse the importance of cost volume profit, in decision making. 4. Discuss the benefits of preparing budgets for the company and suggest the types of budgets to be prepared, to forecast future performance of the company. Answers: Introduction The success of every business organization depends upon its management of its operational costs (Drury, 2012). The concept of management accounting plays a major role for the success of the modern business organization. The given report will reflect the importance of management accounting on the business organization AVN Plc. 1. Discussion on the purpose of management accounting and importance of management accounting tools over financial accounting for further growth of company Management accounting plays an important part for managing the cost and future strategic purposes of the modern business organizations. It mainly deals with the internal decisions of the firm. The management of the organization AVN Plc can take several strategic decisions based on the different internal problems of the firm. The tools and techniques of management accounting are cost sheets, cash budgets, forecasted cash flows, discounted cash flows, etc. Financial accounting is a wider concept and it deals with the internal and external business decisions. The main merit of management accounting is that it helps in analyzing the internal business decisions concerning cash flows, reduction of operational expenses, improvement of cash flows and operating budget planning. The focus and function of management accounting is on the pricing policies concerning the operational decisions of the organization. Therefore, the organization AVN Plc needs to focus on the techniques of management ac counting to make their pricing strategy effective in terms of competitive advantage. The firm can also increase their financial returns with effective implication of management accounting tools. The main possible advantage of management accounting is that expenses can be reduced. The profitability and sustainability of the business firm AVN Plc will depend upon its capability of reducing the expenses and upon their respective pricing strategy (Epstein and Lee, 2011). Therefore, growth of the firm depends upon its management accounting systems. 2. Explanation on different classification of costs based on type, function and behavior and implications of cost classification pricing There are various types of costs present within the internal business environment of a firm. Because of behavioral nature, the different types of costs can be in the form of fixed, variable and semi-variable costs. Fixed costs are those, which remain fixed throughout the financial year. Example- Wages, factory rent, etc. Variable costs are those, which fluctuate on the due course of time. Some examples of variable costs are office and administration expenses, marketing expenses, etc. On the contrary, semi-variable costs are those,w hich have the behavioral nature of both fixed and variable costs. One example of semi-variable costs is salaries of managers. Costs can also be classified based on function. These are in the form of production costs, financial costs, marketing and selling costs, research and development costs, office and administrative costs, etc. Some examples of production costs are direct labor, direct wages, etc. Financial costs include different forms of operational expenses, etc. In case of different types of costs are direct and indirect expenses (Horngren and Horngren, 2012) The below table reflects on the classification of costs based on their respective function and different types of costs:- Functional costs Different Types of costs Costs on the basis of Behavior 1.Financial costs 1. Direct costs Fixed Cost 2. Production Costs 2. Indirect Costs Variable Cost 3. Office and administration costs Semi-variable cost 4. Marketing and selling costs 5.Costs related to research and development costs Table 1: Different types of costs based on function, type and behavior (Source: Horngren, 2011) The given table reflects about the different types of costs that the business organization can incur. Based on the given costs, the firm AVN Plc can determine their respective pricing strategies (Bebbington and Thomson, 2013) 3. Analysis of importance of cost volume profit in decision making The three most crucial elements of business decision making is cost, volume and profit. With the help of CVP analysis, a business organization can determine the rate of operating leverage and allocation of fixed and variable costs. The percentage of sales levels and sales volumes required for the sustainability of the business can also be done through the analysis of cost volume and profit analysis. With the analysis of cost and volume of the selling units of the business will help to determine the profitability portion of the firm. The business organization AVN Plc can also determine the total percentage of break-even point in sales through effective utilization of cost volume profit analysis. The total amount of range of activity can also be determined with the assist of given analysis. The business firm AVN Plc can also implement their respective pricing strategy through the analysis of CVP. Per unit costs of product will be assessed by the firm with the help of the technique of c ost-volume and profit. Contribution per unit and marginal analysis are another two advantages of this technique that will assist the firm in case of business decision making. Therefore, it is concluded that the given tool of CVP technique is essential for a business firm like AVN Plc in case of decision-making (John, 2012) 4. Benefits of budget and suggestion of different types of budget to forecast performance of the firm There are various benefits of the process of budgeting. These are in terms of forecast of operational costs and implementing various decisions based on the given tool of budgeting process. The process of planning and managing operations starts with the preparation of budgeting process. Different types of allocation of operating cash and reviewing and monitoring the performance of the organizations can also are done through the process of financial budgeting process. Apart from this, controlling and measurement of cost variances is also evaluated through effective utilization of cost variances and expenditure of budgeting process. The management of the organization can also coordinate with all the respective departments through implementation of budgetary process. In the present business scenario, there are several of types of financial budget. These are cash budget, production budget, operational budget, cash flow budget, etc. All the given budgets have different forms of utilities i n accordance to the decision making purpose of the organizations to forecast the future activities (Horngren, 2011) Conclusion The report concludes that management accounting is a crucial aspect for an organization AVN Plc in making different pricing strategies and minimizes the cost of operations. The success of the organization will depend in what manner the organization can implement the tools of management accounting within their system. References Chenhall, R. (2012). Developing an Organizational Perspective to Management Accounting.Journal of Management Accounting Research, 24(1), pp.65-76. .Bebbington, J. and Thomson, I. (2013). Sustainable development, management and accounting: Boundary crossing.Management Accounting Research, 24(4), pp.277-283 Nixon, B. and Burns, J. (2012). The paradox of strategic management accounting.Management Accounting Research, 23(4), pp.229-244 Bhattacharyya, D. (2011). Management accounting. Noida, India: Pearson. Drury, C. (2013). Management accounting for business. Andover: Cengage Learning.. Epstein, M. and Lee, J. (2014). Advances in Management Accounting. Bradford: Emerald Group Publishing Limited. Groot, T. and Selto, F. (2013). Advanced management accounting. Harlow, England: Pearson. Horngren, C. (2011). Introduction to management accounting. Upper Saddle River, N.J.: Prentice Hall. John Y. Lee., (2012). Advances in Management Accounting. Emerald Group Pub.