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10 Tips to Become a Successful Entrepreneur


Many people dream of someday becoming an entrepreneur. Although the title sounds lofty, any person who begins a business and assumes some or all of the risk for that business is an entrepreneur. Many different types of entrepreneurs exist and they can all benefit from several tips to make themselves and their business more successful.

Attitude
The attitude of the business owner largely impacts the business. According to Entrepreneur.com, business owners must have a positive attitude and accept complete responsibility for the results of their business. Accepting responsibility allows the entrepreneur to make changes when necessary and not displace blame on staff or other factors.

Passion
Choosing to become an entrepreneur is quite vague. A business owner must have a specific business or goal in mind. According to MarieClaire.com, a discussion among a group of entrepreneurs ended with the advice: follow your passion. Money and a business plan are only factors; the desire to achieve a specific outcome is the real motivator for success.

Discipline
Reaching a goal demands some element of discipline. For entrepreneurs, this factor is especially important. Starting and running a successful business takes time, planning and patience. An entrepreneur is ultimately responsible for the success of his business; therefore, he should expect to work, especially in the beginning, more than anyone else to ensure success.

Improve
Every year, thousands of new business and ideas surface. Successful entrepreneurs know how to set themselves apart from the competition. WiseTechnology.com uses Galileo's invention of the telescope to illuminate how an individual must take existing technology and improve it. When Galileo invented his telescope, a Dutchman had already created one, which inspired him. Galileo created his own improved version and found greater success.

Discount Failure
People tend to find what they focus on. Successful business owners should focus on success and pretend that failure is not an option. In truth, even when a business does badly, it has only failed if the entrepreneur thinks it has.

Experience
A common thread among many successful entrepreneurs is experience. This may mean working in the field prior to starting a business. Bloomberg.com reports that entrepreneurs ranked experience, successes and failures as the most important factor in their business's success.

Flexibility
Flexibility is important because entrepreneurs rely on outside factors such as market, clientele and economy to flourish. Business owners who can seize opportunities and recognize trends will find greater success in a dynamic market.

Advice
Successful entrepreneurs are a great, and often untapped, resource for advice. MSN Money recommends universities or alumni networks for connecting with potential business mentors or visiting websites like SCORE.com, which offers a mentor network of over 10,000, mostly retired, entrepreneurs around the country.

Action
Action is imperative to entrepreneurial success. Bill Gates, co-founder and chairman of Microsoft Corp. recommends taking action immediately when you have a good idea.

Discomfort
Many entrepreneurs who thrive are innovative. Introducing new and different ideas may elicit negative feedback, but business owners must persevere. Donald Trump, chairman and CEO of Trump Organization, advises aspiring entrepreneurs to avoid their comfort zone.


List of Job Specific Skills for a Resume


Resumes are an important part of a person's job hunt. At times, they are the only tool someone has to differentiate themselves from other job candidates. That is why it is important to spend a lot of time developing a resume and including the right information. Job skills are an important aspect of any resume. Some career professionals suggest that job skills be listed right after the job or career objective. Following are a list of specific skills that should be listed on a resume.

Strong Communication Skills
Strong communication skills are highly important for practically any job, according to Dr. Randall S. Hansen, a career and job-search expert on quintcareers.com. Every teacher, businessman, architect or manager needs to be able to talk intelligently about certain projects or aspects of their job. These professionals also need to deal with different levels of employees, supervisors, vendors or students. Communication skills include both speaking and writing skills. This particular skill set should be one of the first skills mentioned in your resume. Stress that you have excellent or strong communication skills rather than just communication skills. Do not undersell yourself.

Excellent Organizational Skills
Most jobs require a certain degree of organizational skills. A person has meetings throughout the day, e-mails to answer and projects to complete on or before deadline. These demanding responsibilities necessitate a person's ability to prioritize specific duties, multitask and manage the time spent on each work activity. This particular job-specific skill should be another one that is featured in your resume.

Problem Solving
Not everything goes smoothly on a person's job each day. Mistakes occur, customers complain and major decisions need to be made. Problem-solving skills are another specific skill that should be listed on a resume. Corporations have no blueprint for increasing sales and profits and meeting the earnings per share goals for their shareholders. They rely on their employees to solve problems and initiate marketing strategies or initiatives. Highlighting your problem-solving skills on a resume will not go unnoticed if you have the right qualifications for a job.

Customer Service
All employees need customer service skills. A telemarketer deals with customers over the phone. Marketing research professionals have internal customers, such as the product marketing or advertising department, or even top executives that read their reports. Customer service skills go above and beyond communication skills in that the employee must empathize with his customers and treat them appropriately. Customer service skills should usually be included on a person's resume.

Computer Skills
Computer and Internet skills are always important to include on a resume. Companies need workers who know how to operate computers, manage their e-mail system, manage databases and work with various computer software packages, such as Microsoft Word or Lotus 123 spreadsheets.


How to Fight Sleepiness at Work


A productive workday depends largely on being mentally and physically alert. Unfortunately, many people experience fatigue or sleepiness during the work day, which can impact productively. Rather than spend your days sluggish, explore ways to re-energize your body and mind.

TIPS

1. Get plenty of rest the night before. Avoid late night activity such as watching television or socializing with friends on work nights. Aim for at least eight hours of sleep each night to awake alert and energized for the day ahead.

2. Limit sugar and caffeine. Drinking coffee or soda during the day can provide a burst of energy. But when your energy levels off, you may feel tired or sleepy during the workday. Opt for low-sugar and caffeine-free coffee, teas and juices to avoid a sugar/caffeine crash.

3. Eat lunch. A busy workday may cause you to skip lunch. Missing meals can result in a drop in your sugar level, and this can induce sleepiness during the workday. Bring a lunch and snack of healthy choices during the day such as crackers or nuts to maintain energy.

4. Take a short break and go outside for a few minutes to get some fresh air. Plan on eating your lunch outdoors, or go for a quick walk before returning to your desk after lunch to stay energized.

5. Sneak in a quick nap. Take a 15 or 20 minute power nap on your lunch break to re-charge and stay alert during the remainder of the workday.

6. Limit computer use, if possible. Working at a computer for long periods can strain your eyes and cause fatigue. Take frequent computer breaks to avoid tension headaches and computer fatigue.


How to Deal With Nasty Coworkers


Dealing with nasty coworkers can be tough, especially when we spend most of our time at our jobs. Sometimes, nasty coworkers can make it difficult to do our jobs, want to go to work, and have pleasant days at work. But there are ways to deal with nasty coworkers so that they don't affect your job. Here are some tips for dealing with nasty coworkers that will help you to enjoy coming to work and not dread the work week so much.

TIPS

1. If nasty coworkers are affecting your job performance, let your boss know what is going on. Your boss should always be aware if you are having troubles at work. She or he needs to know what the situation is, how you are feeling affected, and what things you think could help to ease the troubles of a nasty coworker. Try keeping a list of times that this coworker is rude to you. Be sure that you record everything that is said and done on a piece of paper. Your boss will do better to help you remedy the situation if he or she knows what exactly is going on. Explain if you are being mistreated, gossiped about, physically harmed, or even sexually harassed. You should never have to put up with any mistreatment in the workplace and if it is happening, you need to let a manager or boss know. You deserve to have harmony in the workplace.

2. Confront the nasty coworker who is causing you trouble. This could be tricky if you have trouble with confrontation, but you definitely deserve to stick up for yourself. Confronting a coworker does not have to cause a huge argument, nor be done in a mean way. Simply tell the nasty coworker that you'd appreciate him or her staying away from you and just letting you do your job. Explain that you do not like his attitude and you do not wish to put up with his treatment any longer. Many times, sticking up for yourself and mend the situation. You may find that things at home are bad for this person and he takes it out on others at work because he has no other outlet. In any case, it's important for you to stand up for yourself so this nasty coworker understands that you are not going to put up with his treatment. Be strong and stern and speak your mind.

3. Kill a nasty coworker with kindness. No matter how nasty someone is to you at work, try to be polite and kind to them. Smother them with niceness and courtesy. This isn't always easy when someone at work is being nasty to you, but it's very effective. First of all, it becomes harder and harder for that nasty coworker to continually treat you badly when you are so nice to them. Secondly, you will feel better about yourself for not coming down to their level. When you are nice to someone who is being nasty to you, it helps you to deal with the situation better by making you less stressed out. You may also find that the nasty coworker is having a bad day or a bad life and you being kind gets them out of that mood. We don't always understand what others are going through and it just could be that the nasty coworker needs someone to be nice to them to change their attitude at work.

4. Ask the nasty coworker what his or her problem is. Speak to them nicely, but sternly about their nastiness and find out what is going on. Ask if he or she has a personal problem with you that can be settled. You may just find out what is making this coworker behave so meanly and you both can find some common ground. Calling a person out on their rude behavior can really work. Some people don't even realize how nasty they can be because they are so used to always being in a bad mood. Simply pull the nasty coworker aside and ask them why they are always so rude to you. Don't let them get away without an answer either. Tell him or her that you want to settle the problem and are willing to take however long necessary until you both get it solved.


How to Avoid Doing Your Lazy Co-Worker's Job


Getting your own tasks accomplished each day can be a challenge in itself, but toss in a co-worker who's not pulling their fair share and your job can turn into an aggravating and high stress nightmare.

Don't say 'Yes' the first time.

1. The first time your lazy co-worker asks you to help them complete an assignment, gracefully decline. The first time you say 'Yes' you let them know you're a willing victim. There is a difference between a co-worker who is genuinely overworked, and one who just didn't bother. If you see your colleague working diligently all week and they ask for help, by all means say yes if you can. This person deserves a hand.On the other hand, if your co-worker has spent their week shopping for clothes online, playing solitaire, making calls on their cell phone, painting their fingernails and gossiping with other workers - decline to help them out. They are behind because they didn't bother working and that's not your problem.

2. Never accept the blame for your lazy co-worker's failures. If something is left undone and the boss jumps on you for the failure - don't say "I'm so sorry this went wrong." If you apologize, you're accepting blame and your boss will most likely lump you into to the lazy category along with your slacker counterpart. Instead say "I don't know where this project fell apart, but I will find out and report back to you." Keep track of what you have done along the way so you can show your due diligence, and don't feel the need to cover for those who didn't complete assignments.

3. Take credit for your accomplishments. If you are assigned to work on a project with a do-nothing, you will most likely find yourself bearing the burden of the assignment. Send your boss email updates of your progress. CC your lazy co-worker so they know the boss is being apprised of the project standing. Below the list of your completed tasks, add a line in such as "For details on Janine's portion of this project, please contact her. I have been unable to obtain progress information from her directly."Who knows, it might scare her into actually doing some work.

4. Cut your co-worker slack if warranted.If your co-worker is normally a great employee and suddenly is slacking off, find out why. Did they just go through a divorce? Did they lose a loved one? Were they recently diagnosed with a serious illness? If a normally wonderful employee is going through a life crisis, try to be patient. Sit them down and talk to them. Tell them you understand their current trials and have been trying to cover for them, but that you cannot continue to do two jobs indefinitely. Most times a responsible co-worker will apologize and try to get themselves back on track. If you see them heading in the right direction, have a heart and bear with them until they get there.


Find the Best Nursing Home Employment Opportunities


Nursing home employment opportunities is written specifically for entry level and experienced nursing home personnel. If this economy has you looking for work and you enjoy working with the elderly, then you need to have the right tools to search for that elusive nursing home aide position. Put yourself above the competition with these helpful tips...

TIPS

1. VISIT A LOCAL NURSING HOME
Take time out of your busy day and visit a local nursing home. A personal visit and tour of a nursing home facility can provide a job seeker with valuable benefits. Speak with the nursing home director and other full-time staff members. Consider volunteering your healthcare services for a short period of time to get a lay of the land. Basically, you want to make as many contact as possible.

2. CREATE A NURSING HOME BLOG ONLINE
Writing a blog is one of the best way to generate interest in your skills, knowledge and abilities. People want to hear from experts and if you have nursing home experience, a detailed blog will bring you attention. Provide potential employers with a way to contact you. If a nursing home attendant position is available you will be the first one to get that elusive interview. Stay focused on the task at hand and stay in contact with people in the nursing home field.

3. INTERVIEW FAMILIES WHO USE NURSING HOMES
Another key step to finding the best nursing home employment opportunities is to find out what the customers want. Speak with as many children of elderly parents. Ask about their needs and what best makes a quality nursing home experience. Face it, if you know what the customers wants and needs you will become a desired employee. Use the internet and stay active in your job search.


8 Simple Tips From A $50M Female Entrepreneur


What move can you make right now to advance your career as an entrepreneur?

Modeling.

But it’s not the kind of modeling you think. To borrow (model) best practices and advice of wildly successful entrepreneurs is wise.

Rubbing shoulders at Ernst & Young’s Strategic Growth Forum with a plethora of business leaders at this level, Kelsey Ramsden stood above the crowd.

Founder of four companies, she is Canada’s Top Female Entrepreneur, a select member of Ernst & Young’s Winning Women Entrepreneurs for 2013 and on the Richard Branson Centre for Entrepreneurship as a mentor.

I like her already.

So we sat down virtually in front of members of Mighty Wise Academy for an exclusive interview on how she’s gone from zero to hero. In this first of three articles, she reveals eight tips on successful entrepreneurship you can follow today:

1. Don’t Start A Business Just For The Money
Ramsden sees plenty of entrepreneurs jump in the game of business ownership for one reason only — big dollar signs. But she warns it’s a “misguided and dangerous principle.” And I would agree with her. If you’re in the game solely for the money, you will end up disappointed. Yes — money is a way to keep score and it’s an important factor. But as Ramsden points out; “most seasoned entrepreneurs will tell you money is usually the last thing to come.”

2. Know Where To Focus Your Time And Energy
Chasing multiple rabbits (opportunities) breeds dysfunction. When you have too much to do (as we all can attest), not having a crystal clear picture of where to focus your time and energy will slow you to a snail’s pace. Because Ramsden owns four companies, she struggled with the same thing recently. In my private conversation with her, I simply asked this: “If you were guaranteed success no matter what big opportunity you chased, which would you choose?” Light shone from above to show her exactly where to focus. The question can do the same for you.

3. Aim To Fix The Weakest Link First
Ramsden said “failure to consistently work on your weakest link will bring you down.” So here’s how it works — first identify your weakest link, make changes so it’s not the weakest link anymore, pop the cork on a small bottle of champagne, but then identify your new weakest link and get back to work. In my experience, the most common weak links are: not addressing a monetizable pain in the market (key word is monetizable), lack of a strong value proposition (as long as you’re curing a monetizable pain) and poor messaging (monetizable pain and strong value propositions must exist first).

4. Hold Yourself Accountable By Pursuing Accountability
Dr. Kjell Nordstrom, noted author and business expert, said; “we live in an alone-together society.” When entrepreneurs suffer from loneliness and separation (which we all do), Ramsden feels the structure of accountability is of “paramount importance.” Having mentors, advisers and other peer entrepreneurs who we are accountable to is a must. Matters not if it’s face-to-face or a virtual connection from a thousand miles away — accountability works.

5. Establish Systems To Mesh With Your Goals
Smart entrepreneurs not only set goals — they build systems to support those goals. Ramsden admitted she started out doing it “totally wrong.” Most of us determine what we want to accomplish, establish the time frame to get it done, and then work backwards to spread out the workload. But what’s missing is our system (a defined set of time set aside with the necessary tools to work toward the goal). It’s like wanting to lose 30 pounds (goal) by summer (time frame) and signing up for the gym membership (a tool); but not scheduling the one-hour daily appointment (your system) to do the workouts.

6. Avoid People Problems By Hiring Right And Setting Expectations
Ramsden said one roadblock of entrepreneurship which consistently rears it’s ugly head is “managing people.” But you and I both grasp the importance of taming this monster. Build the right team with the right people, you set the foundation for success. But the wrong team with the wrong people equals disaster. Ramsden’s solution? “Hire based on culture and core values fit — the intangibles not shown on their resume — then be very clear about your expectations and leadership weaknesses up front.”

7. Look In The Mirror And Be Brutally Honest With Yourself
Want to know the number one factor to your success or failure? Look in the mirror. Yes — you’re the factor. Wise entrepreneurs have the ability to look at themselves with unbiased judgement. When they see warts and shortcomings, they make a move to improve themselves. Ramsden agreed; “Be honest with yourself in a way where you’re very realistic about what you’re capable of.”

8. Ask For Help When You Need It
Ramsden battled cancer and won. “Cancer cells are cancer cells and they will go on reproducing whether you acknowledge their existence or not. Same in your business. Cancer is there regardless so keeping a business healthy means you have to get over yourself and ask for help to eliminate it.” The best entrepreneurs surround themselves with those smarter than themselves — and then aren’t afraid to ask for help when they need it.

Note:

* This article is taken from the site: Forbes, refer to the original source


Ideas for Accounting Career Goals


Accounting is the basic language of business as it is the study of communicating financial information about a business to its owner and stakeholders. There are several types of accounting, all of which are essential to the operation of a successful business. The recording, verifying and reporting of the assets, liabilities and equity of a business aid in the managerial decision-making process of businesses. Since accounting is such a crucial component of proper business management, it paves the way for a bright future for diverse careers in the business sector. Below are some ideas for accounting career goals.

The Big Four
The largest international professional services and accountancy firms are referred to as the Big Four. They conduct the vast majority of audits for companies all over the world and nearly have an oligopoly over the international accounting industry. These four outstanding companies are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG. Because these accounting firms are among the most powerful in the world, securing positions within them is extremely difficult. Only the best in the field will be lucky enough to grace their doors.

Certified Public Accountant (CPAs)
To become a certified public accountant, you must pass the Uniform Certified Public Accounting Examination--not an easy task. Moreover, other certification requirements must be met to become a CPA as well, such as a certain length of field experience. A career goal of becoming a CPA is noteworthy because CPAs are eligible to practice in virtually any area of finance. They have a much broader range of job opportunities than an accountant specialized in one area, such as a financial accountant or a managerial accountant.

Cheif Executive Officers (CEOs) and Chief Finance Officers (CFO)
Many business careers offer the opportunity to "work your way up to the top," and accounting is no different. Starting out as a accountant at a large or small firm and working there for an extended period of time can lead to promotions to a CEO or a CFO. Accountants are equipped with the information needed to make managerial decisions about a business, and through experience they can learn how to do just that, possibly landing them a head job with the company. One of the most advantageous moves that an accountant hoping to climb the corporate ladder can do, is to promote herself by networking within the company, to make connections and let her skills be known.

Entrepeneur
An ultimate career goal for many accountants may be to start their own practice. Again, because accounting is the language of business upon which all matters of business are founded upon, accountants typically know all of the ins and outs of business procedure and therefore, they have an advantage. With the proper capital, accountants can found their own practice and become their own boss setting their own hours and choosing their own niche of the market, especially if they are CPAs certified to practice directly for the public.


5 Money Tips for Entrepreneurs from LearnVest's Founder


LearnVest founder Alexa von Tobel took a lot of risks on her way to building an online financial planning start-up recently valued at $100 million. She dropped out of Harvard Business School at the height of the financial crisis, motivated by a passion for a simple, disruptive idea: to turn financial planning into an accessible, affordable Weight Watchers-like system that provides clients with answers and alleviates their worries.

Von Tobel learned something important along the way, a piece of advice she now gives small business owners: don't think so much about the business that you forget to protect yourself. Here are von Tobel's recommendations for how entrepreneurs can build their business without sacrificing their personal finances.

1. Don't invest too much of your own money. One of the worst things you can do is to take on so much risk that you can't think clearly. If your primary concern is losing your house if you business fails, you're not going to be in a steady position of power, which is where you need to be when you're running a business.

2. But be sure to invest some of it. Von Tobel started LearnVest out of a tiny savings account she used to pay designers and technologists. "Because I was paying for things myself, it sharpened my focus of how to spend money," she says. If someone gives you a million dollars to start a business, you're going to care a lot less than if it's your own money and you have some risk. You need skin in the game.

3. If you've never climbed Kilimanjaro, find investors who have. Building a company is like climbing Mount Kilimanjaro. It's so hard and arduous and a few rocks may fall on your head. "I want money from people who have climbed Kilimanjaro, so I can say, "What did you pack? What season did you go? What did you wear? What were your blind spots? How did you train?" von Tobel says.

4. Know the risks. "When I started LearnVest, I had to know the risks," von Tobel says. "I needed to know the worst-case scenario." Von Tobel had enough savings to fund the start-up for exactly nine months. If after nine months, which she called that "Cinderella moment," the company hadn't made progress, she was going to have to go back to business school.

5. Have a solid financial plan. Having a financial plan is even more important when you are an entrepreneur. You need a road map to know what you're going do, showing everything from an employment contract to your emergency savings. For sole proprietorships, LLCs, and limited partnerships, you are running the finances through your own tax return, which means that you could be liable for a lot more than you think.

Remember if your business goes under, so do you. Be sure you are aware of what that means and how to protect yourself.

Note:

* This article is taken from the site: Inc.com, refer to the original source


Employee Performance Evaluations for Accountants


Performance evaluation methods generally vary according to occupation, field or industry. For accountants, a 360-degree feedback evaluation may not be the most effective appraisal method. Performance evaluations for accountants focus more on competencies and proficiency instead of leadership style and management skills, which are traditionally evaluated using 360-degree feedback. However, other appraisal methods are suitable to successfully evaluate the performance of an accountant.

Narrative
In a narrative performance appraisal format an accountant receives constructive and meaningful feedback that isn't simply a form with a box checked for fair, satisfactory or excellent performance. Narrative evaluations encourage two-way conversation about competencies, goals and professional growth. A comprehensive evaluation for a professional accountant includes performance standards concerning adherence to Generally Accepted Accounting Principles, relationships between accounting functions and corporate governance, and current knowledge of laws that apply to the industry, commerce or economic and finance issues. An accountant's evaluation also must assess performance in the areas of ethical responsibilities, completion of continuing education, training and professional development and use of technology to improve efficiency.

Management by Objectives
Accountants and other professionals whose performance have an impact on overall organizational success benefit from management by objectives (MBO) evaluations. In an MBO evaluation, the accountant and manager work together to establish goals and set out guidelines and resources for achieving these goals. Using MBOs enables accountants to demonstrate their proficiencies which help move forward organizational goals. An example of an MBO for an accountant is "audit fiscal operations to create a budget that reduces organizational expenses for accounting functions by 15 percent." For MBOs to be effectively measured, goals can be revisited quarterly to monitor progress. In addition, MBOs also require the accountant to identify the resources and time necessary to achieve the goals. Performance is measured by the percentage of goal attainment, achieving results far above the original threshold and successful completion of all goals.

Accountant Performance Compared to Organization
Graphic rating scales focus almost entirely on quantitative measurements for productivity and efficiency. A graphic rating scale may not be the ideal performance evaluation for professions such as accounting. However, if you have a large workforce of accountants who are project-specific workers, it's possible to implement a graphic rating scale for evaluating proficiencies and competencies. When staff accountants are promoted into positions with greater responsibility, it's advisable to modify their performance standards and, thus, the type of appraisal method.