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What is a Balance Sheet?

January 1, 2012 | Author: | Posted in Leadership

The balance sheet displays a company’s financial position at a given point in time. It shows the company’s assets, liabilities, and owners’ equity. Assets are the economic resources of a firm such as cash, inventory, and equipment. Liabilities are the debts of a firm. Owners’ equity is a claim by the owners on the assets of a firm. The relationship between assets, liabilities, and equity is as follows: Assets = Liabilities + Owners’ Equity. Definitions of the terms listed in the balance sheet:

My New Time Management Experiment

December 31, 2011 | Author: | Posted in Leadership

My mind has been racing with ideas that I would like to try out on my blog. The dilemma is that I get caught up on the amount of time it takes to implement them. This past weekend I came up with an idea for a series I want to create on MoE. The series is going to consist of 10-15 articles dedicated to a subject that I’m excited about. My idea is unique and will offer tremendous value to you. It’s going to make a huge difference for you as a leader. My dilemma is that the series is going to take a lot of time to develop. I have to double my production to really make it work.

How to Read an Income Statement

December 30, 2011 | Author: | Posted in Leadership

In the next 3 articles of the series, I’m going to show you how to read financial statements. It’s very important to you to have a strong comprehension of how your business is performing financially. I have the opportunity to see how a business performs from two perspectives – from both the inside and the outside. As an investor, I’m on the outside looking in. I see if the company is financially sound, I learn about the business, I punch some numbers into my calculator and then I make an investment decision. As a business manager, I’m active in the daily operations of my company. I feel the pain when we don’t collect our receivables, when our costs go up, and when our competition slashes their prices. Those things force me to make decisions that affect the financial performance of my company. As a manager, I’m in the fight instead of watching the fight. The 1st financial statement we’re going to take a look at is the income statement. The income statement is a report that allows you to see the profitability of your company. Definitions for the terms listed in the income statement:

Building Your New Team

December 28, 2011 | Author: | Posted in Leadership

Handling a team is always a challenging task. A team that has been together for a while is easier to manage, at least. After all, each member already knows his or her responsibilities, and they have all known how each other works. Any personal issues or clashes ought to have been resolved by now. Compare that with the task of pulling a new team together for the first time. The latter could certainly pose bigger problems, since you are not yet certain if the team can be properly established or if everyone will end up being able to work well together.

12 Rules YOU Must Absolutely Apply To Be Successful Online

December 21, 2011 | Author: | Posted in Leadership

Few months ago, when I decided about my future, I was lost, completely overwhelmed by the amount of information that I was getting online, which I could not digest and did not have time to read. In addition, my bank account was EMPTY because I had already purchased every single program that I could find online but unfortunately I stopped using them because they just simply DIDN’T WORK! If you are reading this article, it probably means that YOU are in the same situation. Fortunately for YOU, this time is coming to an end. Let me tell YOU why? Because YOU found me and my Blog. Here are the 12 RULES you must absolutely apply if YOU want to be successful online:

What Are The Fundamentals Of Leadership

December 19, 2011 | Author: | Posted in Leadership

Surrounding the idea of leadership, what it is, who does it, and how to do it well are debates, a great cloud of jargon, as well as junk theory. But there are only a few things you really need to know about leadership if you have just been promoted and if you are responsible for a group for the first time.

Develop New Skills With Leadership Training

December 12, 2011 | Author: | Posted in Leadership

Leadership is the capacity to organize and influence other people to accomplish a particular common objective. Leaders emerge from within organizations. Their personal characteristics attract followers who willingly accept their leadership. For decades it was assumed that leadership was actually a quality which was inherited. However, later studies and research have demonstrated that effective leadership may be acquired and formed with leadership training.