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  • Become the MLM Business Master

    Become the MLM Business Master

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    You can become the MLM business master, by providing key essential skills that your prospects black in their life. One key skill that you need to survive in this business is a flexible mind. A closed mind will bring you more problems than you could face. What this means is that you won't be able to be more flexible or acceptable to new ideas. An open mind is vital to improve your business line. Later on, in this article we will talk more about having an open mind and other key skills in order to master the business.

    Master the MLM Business Mindset

    To master the MLM business mindset, you will need to understand the importance of having an open mind. Your mind should be like clay, where it is moldable as you go from day to day. This means dropping fears and other irrational states of mind and becoming one with the business. This also means accepting your flaws and faults. To improve yourself beyond measure through continuous education and focus on the benefit of your prospects. Some education is free and while others can cause a little bit but it is worth it in the long run.

    Don't fear failure in your MLM business. Mistakes will happen but you can survive if you are prepared to do with your own faults and flaws. Responsibility is another key issue to respond to when you're first in the business. This will help create a state of peace and determination As you move forward with your marketing plan. Your business ethics should be clear as you expect others to be clear and transparent as you shop at your favorite places.

    Taking a leap of faith in your MLM business

    Have faith in yourself and in your MLM business. The lack of faith in your business can cause it to crash hard and you may feel like you failed in life but that's not the case. The faith you need will grow as you see success but unfortunately you have to start out with some face time before you can see that success. Don't give up as time shows you problems and issues within your marketing. Adjust your plan and adjust your action and move forward because you never know what will work and what will fail. Life is like a bouncy ball, it goes up and it goes down but you're the one that controls that, not me not anybody else. Only you can get up in the morning make that cup of coffee have that donut or toast and get started in your business. This is why having the master mindset is important in life and that's just your MLM business. You can have success in everything you do if you're positive and focused in the right way.

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    Source by David L. Feinstein

    Views: 0

  • Healing Grief’s Mental, Emotional, Physical Anguish, Pain And Suffering

    Healing Grief’s Mental, Emotional, Physical Anguish, Pain And Suffering

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    Mental anguish can detour your healing journey indefinitely.

    Emotional pain may darken your hope.

    Physical suffering may well obstruct your healing progression.

    All three – mental, emotional, and physical miseries – often accompany an unwanted grief happening. They lead toward lack of clarity and uncertainty in your thinking about how to stop grieving and start a healing process. All three highlight your fear and doubt of overcoming your sorrow and loss. It is essential you take important steps to transform your grief and loss into healing hope. The “HOW” is a vital answer you must seek.

    “If I could tell the world just one thing

    it would be we’re all okay,

    and not to worry cause worry is wasteful

    and useless in times like these.

    I won’t be made useless.

    I won’t be idle with despair,

    I will gather myself around my faith.

    Light does the darkness most fear.”

    ~ Jewel

    The faith to heal at the time of your darkest hour is needed to move past your fear. Recognizing that impossibilities are so often temporary is essential.

    “Things are only impossible until they’re not.”

    ~ Jean-Luc Picard, character in STAR TREK: The Next Generation

    Let’s examine together beneficial solutions that provide ways you can overcome and erase fear and vagueness and meet head-on the mental anguish, emotional pain, and physical suffering caused by your grief experience. There are five solutions you should consider:

    1- Don’t Give Up Your Power

    “The most common way people give up their power is by thinking they don’t have any.”

    ~ Alice Walker

    At all cost don’t let your unique circumstance rule your emotions and hope. Take charge and rule your life from within. Your hope is a powerful empowerment. Search deep within for all the mental, emotional, and physical muscle you have. You do have your own power beyond what you temporarily believed you had when your awful grief resulted.

    “Greatness is not in where we stand,

    but in what direction we are moving.

    We must sail sometimes with the wind

    and sometimes against it –

    but sail we must,

    and not drift, nor lie at anchor.”

    ~ Oliver Wendell Holmes, Jr.

    You must focus your attention and hold a healing effort course with a relentless commitment to weather the storm of your grief, loss and sorrow.

    “No one is in control of your happiness but you; therefore, you have the power to change anything

    about yourself or your life that you want to change.”

    ~ Barbara De Angelis

    Seek your individual and unique power. You have more control than you think.

    2- Stand Up To Your Obstacles

    “Stand up to your obstacles and do something about them. You will find that they haven’t half the strength you think they have.”

    ~ Norman Vincent Peale

    Fear and discouragement can be left in the dust if you use your greatest weapon; action is your greatest weapon. Fear and hesitation must not be allowed to molder and mildew for it grows by itself. Because of your personal grief experience you may feel you have run into a thick insurmountable wall. Don’t be submissive and give up without a fight. Determine how to go through it, or climb over it, or figure out how to work around it. Begin today.

    3- Don’t Give In Until The Cows Crow

    Take a firm personal stand and follow Jonathan Huie’s suggestion:

    “I won’t give up ’til goats sing and walruses fly.”

    Think about it: You are the only one who can make yourself give up.

    “Circumstances don’t defeat you – you defeat yourself when you give up.” ~ Jonathan Lockwood Huie

    Many give up about the time success is in the near future. They give up too quickly at the last ten seconds of the game one basket away from winning the game. Perhaps you will need to modify your efforts and the way you approach your target; keep your eyes on your goal to reconcile your grief condition and don’t quit. Keep pondering and seeking for solutions that fit your unique grief and sorrow.

    “When you get into a tight place and everything goes against you, till it seems you cannot hold on a minute longer, never give up then, for that is just the place and time the tide will turn.”

    ~ Harriet Beecher Stowe

    Don’t let a temporary defeat condition last longer than it should. Giving up makes your grieving misery permanent. You’re not a product of your condition or circumstance but of the personal decisions you make. Draw deeply from the heart of your grief and loss suffering – for your sorrowful experience may be the means of personal inspiration, strength and survival.

    4- Expect Hope

    “Expect to have hope rekindled.

    Expect your prayers to be answered in wondrous ways.

    The dry seasons in life do not last.

    The spring rains will come again.”

    ~ Sarah Ban Breathnach

    Always look for hope. It is a mistake to let grief cloud and obliterate the whole blue sky of hope. Hope or the lack of optimism is purely a function of one’s attitude.

    “Life is not about waiting for the storm to pass… It’s about learning how to dance in the rain.”

    ~ Vivian Greene

    Life happens. Waiting for the grief storm in your life to pass is a mistake. Learning to dance with hope in your heart is vital to healing.

    5- Gather Your Strength

    The storms of life give you opportunity to learn. The grief storms of life provide another day – another way to learn a lesson for fighting the current challenge you face and the next battle.

    “When one door of happiness closes, another opens, but often we look so long at the closed door that we do not see the one that has been opened for us.”

    ~ Helen Keller

    Looking at closed doors stops you from seeing the open doors of healing possibilities and opportunities. Look for your unique personal door of strength. Walk through this door before it closes. Deep within is grit and fortitude untapped until you need it.

    “Look well into thyself; there is a source of strength

    which will always spring up if thou wilt always look there.”

    ~ Marcus Aurelius

    Gather solutions for the strength needed for your unique grief healing challenge. You Can! Believe this is so!

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    Source by Duane Marchant

    Views: 0

  • How Can a Relationship Coach Help Me?

    How Can a Relationship Coach Help Me?

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    A number of benefits are available from participating in guidance from a Relationship Coach. Professionals such as these can provide support, problem-solving skills, and enhanced coping strategies for issues such as depression, anxiety, relationship troubles, unresolved childhood issues, grief, stress management, body image issues and creative blocks. Many people also find that coaches can be a tremendous asset to managing personal growth, interpersonal relationships, family concerns, marriage issues, and the hassles of daily life. Coaches can provide a fresh perspective on a difficult problem or point you in the direction of a solution. The benefits you obtain from personal guidance depend on how well you use the process and put into practice what you learn.

    SOME OF THE BENEFITS AVAILABLE FROM RELATIONSHIP COACHING

    • Attaining a better understanding of yourself, your goals and values
    • Developing skills for improving your relationships
    • Finding resolution to the issues or concerns that led you to seek therapy
    • Learning new ways to cope with stress and anxiety
    • Managing anger, grief, depression, and other emotional pressures
    • Improving communications and listening skills
    • Changing old behavior patterns and developing new ones
    • Discovering new ways to solve problems in your family or marriage
    • Improving your self-esteem and boosting self-confidence

    DO I REALLY NEED COACHING? I CAN USUALLY HANDLE MY PROBLEMS.

    Everyone goes through challenging situations in life, and while you may have successfully navigated through other difficulties you’ve faced, there’s nothing wrong with seeking out extra support when you need it. In fact, coaching is for people who have enough self-awareness to realize they need a helping hand, and that is something to be admired. You are taking responsibility by accepting where you’re at in life and making a commitment to change the situation by seeking coaching. Coaching provides long-lasting benefits and support, giving you the tools you need to avoid triggers, re-direct damaging patterns, and overcome whatever challenges you face.

    WHY DO PEOPLE SEEK OUT COACHING AND HOW DO I KNOW IF IT IS RIGHT FOR ME?

    People have many different motivations for coming to others for coaching. Some may be going through a major life transition (unemployment, divorce, new job, etc.), or are not handling stressful circumstances well. Some people need assistance managing a range of other issues such as low self-esteem, depression, anxiety, addictions, relationship problems, spiritual conflicts and creative blocks. Coaching can help provide some much needed encouragement and help with skills to get them through these periods. Others may be at a point where they are ready to learn more about themselves or want to be more effective with their goals in life. In short, people seeking coaching are ready to meet the challenges in their lives and ready to make changes in their lives.

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    Source by Roxanna Teeling

    Views: 0

  • Why Treating Symptoms Alone Won't Heal Discomfort, Pain or Illness

    Why Treating Symptoms Alone Won't Heal Discomfort, Pain or Illness

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    The human body is simply the vessel for emotional and spiritual beings that we are. And you cannot possibly heal your physical body alone from symptoms of pain, illness or disease, without also healing your mind and spirit. Balance; it's always about balance. Our well-being or dis-ease is a direct result of the flow of energy of each of these parts equally. This is why treating your symptoms of discomfort or pain doesn't work. You need to heal the part of you that created the symptom of discomfort in the first place.

    Our physical bodies were designed to be self-correcting with numerous healing systems of checks and balances. The autonomic nervous system is just one of the systems in our body that shows us this. This is the system in our bodies that is responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes. This system includes the parasympathetic and sympathetic nervous system.

    The parasympathetic nervous system, also known as the rest and digest system, is what conserves energy as it slows the heart rate and increases intestinal and gland activity when necessary. The sympathetic nervous system's primary function is to stimulate the body's fight-or-flight response. Fight-or-flight is a physiological response to a perceived harmful even, attack or a threat to survival. This entire autonomic system's design helps prepare the body to cope with stress and threats, as well as returning the body to a resting state afterwards.

    Bear in mind that times of the past generations were much simpler. Most families back then consisted of two parents, one of which was usually taking care of the children. Times of today are very different and the challenges of two working parents or in many cases, single parent families are many. Oftentimes, most of us run around scattered most of the time trying to get all of the necessary things accomplished in a day with no time for rest.

    Due to this consistent stresses of life during these times, we are generally living most of our days within the sympathetic nervous system. Understand that our bodies were not meant to be in a constant state of fight-or-flight response system. When our bodies don't regularly return to a period of rest afterwards, it wreaks havoc on our organs and systems with all of the hormones being released on a constant basis. Hence, creating aches and pains, illness or even disease. This is our bodies way of telling us to stop, listen and slow down, of which, most of us rarely do.

    This is only one of the physical systems of checks and balances our bodies were designed with. Now let's think about our emotions. When you live in a constant state of fight-or-flight, your emotions tend to get scattered and less than positive. The negative emotions of ongoing stress, depression, anxiety, constant excitement and even possible emotional pains of our past are all traumatic emotional energy.

    The negative emotional energy also gets channeled into the physical body, showing too, as the aches and pains in our daily lives. This is our bodies way of trying to dispel this energy and in most cases, if you stop and listen to your body, these symptoms ease and your body recovers naturally. It's when you continue to ignore your body, that it creates longer lasting effects such as illness and disease.

    So stop treating your symptoms of pain and listen to your body. Take the time to rest. We all need a reset button for ourselves every day to stay healthy. I'm not saying that you can't be Superman / woman and get it all done in a day, because you probably can and most likely do. Most of us have grown accustomed to this daily way of life, but at what cost? Is it worth your health? This is such a difficult lesson for most but think of your loved ones around you. Don't you want to be there for them in a healthy and balanced state for years to come? Because I'm pretty positive that they want that for both of you.

    When your feeling imbalanced, not well, or have aches and pains, remember your body is trying to tell you something. And oftentimes, physical issues manifested from a less than positive emotional place. So treat your entire being with balance and rest to help you to determine the root cause, which you can then deal with and heal fully. Throwing medication at a symptom will simply mask it, while the core issue is still very much alive. Core issues grow and fester, and at a certain point, they make you stop and listen.

    I'm living proof of that, having had thyroid cancer at the age of 37. My symptoms started when I was 27 but I didn't stop to listen to my body. I send you these healing tips from a place of love in the hopes that you may not have to go through a life altering disease like I did. Again, it's so important to understand that you cannot heal the whole of you, without healing each of the parts.

    Take time to do things that are relaxing to you every day. Even if 15 minutes a day is all the time you can spare, aren't you worth it? The correct answer here is yes. Do something just for you, that you love, that makes you happy and whole. Balance and center with some quiet and calm time for you. You'll be amazed what a little you time can do for you. You will slowly but surly start to notice those aches and pains slowly fading away, or maybe you start sleeping better at night. Ah, the magic!

    If you would like help in easing the aches and pains of life that is possibly of a deeper emotional energy that needs released, please reach out for a 15 minute consultation. See if Reiki Healing Energy is right for you. Or if someone you know could benefit from this article, please share it so that everyone has the opportunity to heal their life.

    Love and light,
    Nicole

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    Source by Nicole Lawler

    Views: 0

  • Relationships: Is Your Emotional State Controlled By Other People's Moods?

    Relationships: Is Your Emotional State Controlled By Other People's Moods?

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    As to whether or not it is a good idea for someone to go along with another person's emotional state can all depend on what state they are in. If this person is happy, embracing the same state is likely to have a positive effect on ones wellbeing.

    On the other hand, if this person is angry or even miserable, embracing this state is unlikely to do them any good. There are then going to be times when it will be a good idea for one to allow their emotional state to mimic another person's emotional state and times when it won't.

    Emotional Contagion

    However, even though this is the case, one may find that there are times when they are unable to control how they feel. Ergo, irrespective of what is going on for another person, they will end up being drawn in.

    This is not going to be a problem if another person is in a good place, but it will be if they are not. When it comes to the latter, it might be necessary for one to get away from the other person.

    A Time and A Place

    This doesn't mean that one should get away from someone if they are going through a tough time. The reason for this is that there will be times when another person won't be in a good way and it will be a good idea for them to offer their support.

    Someone in this person's life may have passed on, putting them in a very low place. Ones mood can then drop during this time, but shortly after their time together has come to an end, it should return to how it was.

    Boundaries

    Undoubtedly, having the ability to connect to another person's mood is going to have a positive effect on their relationships. At the same time, being able to maintain their state will also allow them to act like an individual.

    If they didn't have this ability, they would end up acting as though they were simply an extension of other people. Instead of being able to assert themselves, they would be at the whim of other people's moods.

    The Truth

    Just because someone else is not in a good place or is very angry, for instance, it doesn't mean that one should join them. Ultimately, there is no need for them to feel responsible for what another person is going through; that is, of course, unless they have played a part in what is going on for them.

    And if the other person takes responsibility for what they are going through, they won't expect one to act like they have played a part. This can show that the other person also has well defined boundaries.

    A Different Reality

    Not everyone is going to be able to relate to this, which means that there will be people that find it hard to maintain their emotional state around others. Thus, instead of being able to act like an individual, they can act as though they are just an extension of others.

    If they are able to maintain their emotional state, it may only be due to the fact that another person's emotional state is the same. The other person will provide them with the permission that they need in order to experience the same feelings.

    Walking On Egg Shells

    It is likely to be a challenge for them to assert themselves around others; their primary concern will be to tune into what someone else is experiencing. Deep down, they could believe that it is not safe for them to express who they are.

    So like a waiter who does their best to make sure that everyone is happy; it will ones job to make sure that other people are happy. For some reason, they will believe that they are responsible for how other people feel.

    Dysfunctional Relationships

    Some of the people in their life may lack boundaries, causing them to blame one for how they feel. But as one also lacks boundaries, they are going to just put up with this kind of behavior.

    If they are in an intimate relationship, they may find it hard to relax around their partner. Being focused on what is taking place externally will be a way for them to try to predict when their partner is going to lose their temper, making it easier for them to handle what happens.

    A Closer Look

    Doing what they can to please others is going to be what feels comfortable, yet it is going to cause them to hide their true-self. If one was to take a step back and to reflect on how long their life has been this way for, they may come to the realization that what is taking place in their adult life is a continuation of what took place during their early years.

    At this stage of their life, they may have had at least one caregiver who was emotionally unpredictable. As a result of this, they wouldn't have been able to relax into their body and to listen to their own needs; they would have had to live on edge and to focus on what was taking place externally.

    Undeveloped

    This caregiver may have blamed other people for how they felt, too, and this would have set one up to believe that they were responsible for whether or not they were happy. The care that one needed wouldn't have been provided, with them acting more like a caregiver than a child.

    Consequently, one will have poor boundaries and have a weak connection with their inner world. Developing boundaries and getting in touch with their true-self will be an essential part of their healing process.

    Awareness
    â € ‹
    If one can relate to this, and they want to transform their life, they may need to reach out for external support. This is something that can be provided by the assistance of a therapist or a healer.

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    Source by Oliver JR Cooper

    Views: 0

  • Small Business Owners: Accounting Is for Profit Planning, Not Just Tax Preparation

    Small Business Owners: Accounting Is for Profit Planning, Not Just Tax Preparation

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    One might be led to believe that profit is the main objective in a business but in reality it is the cash flowing in and out of a business which keeps the doors open. The concept of profit is somewhat narrow and only looks at expenses and income at a certain point in time. Cash flow, on the other hand, is more dynamic in the sense that it is concerned with the movement of money in and out of a business. It is concerned with the time at which the movement of the money takes place. Profits do not necessarily coincide with their associated cash inflows and outflows. The net result is that cash receipts often lag cash payments and while profits may be reported, the business may experience a short-term cash shortage. For this reason, it is essential to forecast cash flows as well as project likely profits. In these terms, it is important to know how to convert your accrual profit to your cash flow profit. You need to be able to maintain enough cash on hand to run the business, but not so much as to forfeit possible earnings from other uses.

    Why accounting is needed

    Help you to operate better as a business owner

    1. Make timely decisions

      • Know when to hire a team of employees
      • Know how to price your products
      • Know how to label your expense items
      • Helps you to determine whether to expand or not
      • Helps with operations projected costs
    2. Stop Fraud and Theft

      • Control the biggest problem is internal theft
      • Reconcile your books and inventory control of equipment
    3. Raising Capital (help you to explain financials to stakeholders)

      • Loans
      • Investors

    What are the Best Practices in Accounting for Small Businesses to address your common ‘pain points’?

    1. Hire or consult with CPA or accountant

      1. What is the best way and how often to contact
      2. What experience do you have in my industry?
      3. Identify what is my break-even point?
      4. Can the accountant assess the overall value of my business
      5. Can you help me grow my business with profit planning techniques
      6. How can you help me to prepare for tax season
      7. What are some special considerations for my particular industry?

    To succeed, your company must be profitable. All your business objectives boil down to this one simple fact. But turning a profit is easier said than done. In order to boost your bottom line, you need to know what’s going on financially at all times. You also need to be committed to tracking and understanding your KPIs.

    What are the common Profitability Metrics to Track in Business — key performance indicators (KPI)

    Whether you decide to hire an expert or do it yourself, there are some metrics that you should absolutely need to keep tabs on at all times:

    • Outstanding Accounts Payable: Outstanding accounts payable (A/P) shows the balance of cash you currently owe to your suppliers.
    • Average Cash Burn: Average cash burn is the rate at which your business’ cash balance is going down on average each month over a specified time period. A negative burn is a good sign because it indicates your business is generating cash and growing its cash reserves.
    • Cash Runaway: If your business is operating at a loss, cash runway helps you estimate how many months you can continue before your business exhausts its cash reserves. Similar to your cash burn, a negative runway is a good sign that your business is growing its cash reserves.
    • Gross Margin: Gross margin is a percentage that demonstrates the total revenue of your business after subtracting the costs associated with creating and selling your business’ products. It is a helpful metric to identify how your revenue compares to your costs, allowing you to make changes accordingly.
    • Customer Acquisition Cost: By knowing how much you spend on average to acquire a new customer, you can tell exactly how many customers you need to generate a profit.
    • Customer Lifetime Value: You need to know your LTV so that you can predict your future revenues and estimate the total number of customers you need to grow your profits.
    • Break-Even Point:How much do I need to generate in sales for my company to make a profit?Knowing this number will show you what you need to do to turn a profit (e.g., acquire more customers, increase prices, or lower operating expenses).
    • Net Profit: This is the single most important number you need to know for your business to be a financial success. If you aren’t making a profit, your company isn’t going to survive for long.
    • Total revenues comparison with last year/last month. By tracking and comparing your total revenues over time, you’ll be able to make sound business decisions and set better financial goals.
    • Average revenue per employee. It’s important to know this number so that you can set realistic productivity goals and recognize ways to streamline your business operations.

    The following checklist lays out a recommended timeline to take care of the accounting functions that will keep you attuned to the operations of your business and streamline your tax preparation. The accuracy and timeliness of the numbers entered will affect the key performance indicators that drive business decisions that need to be made, on a daily, monthly and annual basis towards profits.

    Daily Accounting Tasks

    1. Review your daily Cash flow position so you don’t ‘grow broke’.

    Since cash is the fuel for your business, you never want to be running near empty. Start your day by checking how much cash you have on hand.

    Weekly Accounting Tasks

    2. Record Transactions

    Record each transaction (billing customers, receiving cash from customers, paying vendors, etc.) in the proper account daily or weekly, depending on volume. Although recording transactions manually or in Excel sheets is acceptable, it is probably easier to use accounting software like QuickBooks. The benefits and control far outweigh the cost.

    3. Document and File Receipts

    Keep copies of all invoices sent, all cash receipts (cash, check and credit card deposits) and all cash payments (cash, check, credit card statements, etc.).

    Start a vendors file, sorted alphabetically, (Sears under “S”, CVS under “C,”etc.) for easy access. Create a payroll file sorted by payroll date and a bank statement file sorted by month. A common habit is to toss all paper receipts into a box and try to decipher them at tax time, but unless you have a small volume of transactions, it’s better to have separate files for assorted receipts kept organized as they come in. Many accounting software systems let you scan paper receipts and avoid physical files altogether

    4. Review Unpaid Bills from Vendors

    Every business should have an “unpaid vendors” folder. Keep a record of each of your vendors that includes billing dates, amounts due and payment due date. If vendors offer discounts for early payment, you may want to take advantage of that if you have the cash available.

    5. Pay Vendors, Sign Checks

    Track your accounts payable and have funds earmarked to pay your suppliers on time to avoid any late fees and maintain favorable relationships with them. If you are able to extend payment dates to net 60 or net 90, the better. Whether you make payments online or drop a check in the mail, keep copies of invoices sent and received using accounting software.

    6. Prepare and Send Invoices

    Be sure to include payment terms. Most invoices are due within 30 days, noted as “Net 30” at the bottom of your invoice. Without a due date, you will have more trouble forecasting revenue for the month. To make sure you get paid on time, always use an invoice form that contains the right details such as payment terms, itemized charges, and your payment address.

    7. Review Projected Cash Flow

    Managing your cash flow is critical, especially in the first year of your business. Forecasting how much cash you will need in the coming weeks/months will help you reserve enough money to pay bills, including your employees and suppliers. Plus, you can make more informed business decisions about how to spend it.

    All you need is a simple statement showing your current cash position, expected cash receipts during the next week/month and expected cash payments during the next week/month.

    8. Executive Dashboard (weekly review)

    This dashboard gives you a ‘snapshot’ of your operations on a weekly basis.

    It consist of Cash on Hand, Cash burn rate, Account Receivables, Accounts Payable, Items sold, Inventory on Hand, inventory turns, outstanding issues in the business, and gross profit margin, new sales wins, customer losses, customer service performance, on time delivery rate and product quality performance.

    Monthly Accounting Tasks

    9. Balance Your Business Checkbook

    Just as you reconcile your personal checking account, you need to know that your cash business transaction entries are accurate each month and that you are working with the correct cash position. Reconciling your cash makes it easier to discover and correct any errors or omissions-by you or by the bank-in time to correct them.

    10. Review Past-Due (“Aged”) Receivables

    Be sure to include an “aging” column to separate “open invoices” with the number of days a bill is past due. This gives you a quick view of outstanding customer payments. The beginning of the month is a good time to send out overdue reminder statements to customers, clients and anyone else who owes you money.

    At the end of your fiscal year, you will be looking at this account again to determine what receivables you will need to send to collections or write off for a deduction

    11. Analyze Inventory Status

    If you have inventory, set aside time to reorder products that sell quickly and identify others that are moving slowly and may have to be marked down or, ultimately, written off. By checking regularly (and comparing to prior months’ numbers), it’s easier to make adjustments so you are neither short nor overloaded.

    12. Process or Review Payroll and Approve Tax Payments

    While you have an established schedule to pay your employees (usually semi-monthly), you need to meet payroll tax requirements based on federal, state and local laws at different times, so be sure to withhold, report and deposit the applicable income tax, social security, Medicare and disability taxes to the appropriate agencies on the required dates.

    Review the payroll summary before payments are disbursed to avoid having to make corrections during the next payroll period. A payroll service provider can do all this to save you time and ensure accuracy at a reasonable cost.

    13. Review Actual Profit and Loss vs. Budget and vs. Prior Years

    Each month, take the time to review your budgeted expenses and compare them to what you have actually spent. Are you spending above or below budget? Discuss the variances and take action as needed

    Your profit and loss statement (also known as an income statement), both for the current month and year to date, tells you how much you earned and how much you spent. Measure it against your budget every month (or quarter). Comparing your actual numbers to your planned numbers highlights where you may be spending too much or not enough, so that you can make changes.

    If you have not prepared a budget, compare your current year-to-date P&L with the same prior-period year-to-date P&L to identify variances and make adjustments.

    14. Review Month-End Balance Sheet vs. Prior Period

    By comparing your balance sheet at one date-June 30, 2015, for example-to a balance sheet from an earlier date (December 31, 2014), you get a picture of how you are managing assets and liabilities. The key is to look for what is significantly up and/or down and understand why. For example, if your accounts receivable are up, is it due to increased recent sales or because of slower payments from customers?

    Quarterly Accounting Tasks

    15. Prepare/Review Revised Annual P&L Estimate

    It’s time to evaluate how much money you are actually making, whether your net assets are going up or down, the difference between revenues and expenses, what caused those changes, how you are spending profits, as well as identifying trouble spots, and making adjustments to improve sales and margins.

    16. Review Quarterly Payroll Reports and Make Payments

    You have been reviewing your semi-monthly payroll reports. However, the IRS and most states require quarterly payroll reports and any remaining quarterly payments. Again, it’s best if your payroll service provider completes these reports and files them. Your job is to review to make sure they appear reasonable.

    17. Review Sales Tax and Make Quarterly Payments

    If your company operates in a state that requires sales tax, make sure you comply to avoid serious penalties. The U.S. Small Business Administration (SBA) can help you determine your state tax obligations.

    18. Compute Estimated Income Tax and Make Payment

    The IRS and states that have income taxes require you to pay estimated income taxes. Review your year-to-date P&L to see if you owe any estimated taxes for that quarter. Your tax accountant can assist if necessary.

    Annual Accounting Tasks

    19. Review Past-Due Receivables

    Now it’s time to check significant past due receivables and decide whether you think customers will eventually pay, whether to send past due bills to a collection agency or whether to write them off for a deduction.

    20. Review Your Inventory

    Review your current inventory to determine the value of items not sold. Any write-down of inventory translates to a deduction on your year-end taxes. If you do not write down unsellable inventory, you are overstating your inventory balance and paying additional taxes that you don’t owe.

    21. Fill out IRS Forms W-2 and 1099-MISC

    The IRS has a January 31 deadline that requires you to report the annual earnings of your full-time employees (W-2s) and most independent contractors (1099s). This deadline includes mailing copies of the tax forms to the people who worked for you. Note: A 1099 form is not required for any contractors who earned less than $600. Consider saving time and avoiding errors with an e-filing service.

    22. Review full-year financial reports for tax reporting

    • Get organized

      • Collect and store important documents (use apps and calendars for help)

        • Create email folders to store bank statement and receipts
        • Store contracts and agreements
        • Track miles and vehicle expenses
        • Store all required documents for your business type.


      • Tax Preparation

        • Tax preparation is a historical view and not a profit planning event
        • Capture all relevant events
        • Identify all deduction categories
        • Capture all meals

          • Meetings —-whatever was discussed/calendar

            • Try not to go over industry average industry cost for meals.

    At tax time, carefully review your company’s full-year financial reports before giving them to your accountant. Before you sign your return, be sure to review it for accuracy based on your full-year financial reports. Remember if IRS audits due to underpayment, they will deal with you not your accountant for any additional taxes, penalty and interest.

    If you don’t have the bandwidth to do all this yourself, a great strategy is to partner with a monthly accounting service. Outsourcing your accounting to an expert will simplify your life and give you more time to focus on running your business operations.

    A monthly accountant will provide you with a profit and loss sheet, balance statement, and accurate account reconciliation every month, ensuring that you have the financial information you need to make the best choices for your company.

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    Source by Vinson Primas

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  • Ways Schools Can Fight A Drug Menace

    Ways Schools Can Fight A Drug Menace

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    A combination of factors, including the ease with which drugs can be procured, alienation and peer pressure, is driving American teens toward their abuse. As a result, adolescents in high school and college do drugs on the sly. In dorm and frat parties, it has become customary to pool all drugs – stolen from elder's medicine cabinets, or procured from vendors or pill mills – before going on the adventure ride of a collective high. However, this fun and adventure comes at a cost. As most teens doing drugs are aware of the implications of the misdemeanor once caught, they do not report to the authorities in case a peer overdoses, resulting in tragic loss of young lives.

    The problem of drug abuse has spread its deadly tentacles across schools, posing a significant threat to the future of children in terms of impact on their health, academics, career and personal life. In the wake of such a serious implication on the future of the society, many schools, despite the paucity of funds, have put together programs for spreading awareness and keeping drug abuse under check. While some approaches rely on prohibition and punishment, others stress on education and rehabilitation. The objective is to keep drugs off the campus and establish a solid foundation to empower individuals to resist such temptations.

    As youngsters prefer engagement to long boring lectures, some of the means adopted by the schools are as follows:

    Disseminating knowledge through antidrug assemblies : Antidrug assemblies are engaging means to showcase the grim consequences of drug-seeking habit. With addiction treatment doctors and recovering patients turning up as guest lecturers, students can have a realistic picture of how drugs take them away from their loved ones and cause impairment of cognitive skills, such as difficulty following instructions. Students get the opportunity to clarify their doubts during such sessions.

    Educating children as early as possible : Considering the fact that most youths start doing drugs, smoking cigarettes or drinking alcohol in school days, or when they are on the cusp of adolescence, it is the best time to drive home the dangers of doing drugs and other addictive substances.

    Conducting self-reliance programs : Children who are confident about themselves are less likely to take drugs. Therefore, some programs stress on building the child's self-reliance in all sorts of social situations. This helps them even under adverse peer pressure to not succumb to the temptation of doing drugs and say no to such activities firmly. Such programs are effective even in the long run as they teach children some essential life skills necessary for abstaining from drugs, alcohol, etc.

    Stocking antidotes : As it makes no sense to shy away from the truth that youngsters, especially those in college, will be doing drugs irrespective of the controls, authorities are advised to stock up their supply of opioid overdose antidote naloxone.

    Engaging children from families grappling with addiction : Instead of isolating a child with a problematic family, including members addicted to drugs, it is essential to engage him or her in all school or college activities. Irrespective of whether the child reports late to school or has problems with homework, a concerned and supportive school environment will mitigate the chances of the child falling into the same addiction cycle. Children of drug addicted families could also participate as guest lecturers in antidrug assemblies.

    Focusing on building teen assertiveness : With the help of a trained child counselor and other professional services, schools could focus on providing training to teens to develop their assertiveness and emotional control level. This is not only handy in career building, but could also help the teen realize his or her worth. Teens who feel sad and befuddled have greater risks of taking drugs to feel successful or empowered.

    Get help for drug addiction

    Children run the increased risk of falling into the trap of drug addiction due to their emotional vulnerability and undeveloped brain still in the process of developing the key cognitive skills. It becomes essential for parents and teachers to listen and talk to their fears and emotional upheavals, rather than ignoring them as their tantrums.

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    Source by Barbara Odozi

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  • Importance Of Medicine In Our Daily Lives

    Importance Of Medicine In Our Daily Lives

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    Medicine is considered as one of the most important necessity to all of us. It is derived from the Latin words ars medicina meaning “the art of healing”. It is a branch of the health sciences and is the sector of public life concerned with maintaining or restoring human health through the study, diagnosis, treatment and possible prevention of disease, injury and other damage to a body or mind.

    It is both an area of knowledge, a science of body system and their diseases and treatment. This branch of science encompasses treatment by drugs, diet, exercise and other nonsurgical means. It is also used to maintain our health. An agent such as drug is used to treat disease or injury. There are different types of medicine, we have herbal medicine, which came from different kinds of plants, medicines treat in hospital and etc. Herbal medicine, also called botanical medicine or phytomedicine, refers to use of any plant’s seeds, berries, roots, leaves, bark, or flowers for medicinal purposes. Long practiced outside of conventional medicine, herbalism is becoming more mainstreams as up-to-date analysis and research show their value in the treatment and prevention of disease. Some of us believe in herbal medicines, for it is pure came from plants and no other ingredients. Herbal medicine also uses for cough, fever, toothache and some other diseases that might catch from our environment. Herbalists treat many conditions such as asthma, eczema, premenstrual syndrome, rheumatoid arthritis, migraine, menopausal symptoms, chronic fatigue, and an irritable bowel syndrome among others. Plants had been used for medicinal purposes long before recorded history. For most herbs, the specific ingredient that causes a therapeutic effect is not known. Whole herbs contain many ingredients and it is likely that they work together to produce the desired medicinal effect

    Some medicines may cause problems if you take them with other medicines. This is why it is important to tell your doctor and pharmacist about all the medicines you are taking. And some medicines can cause problems, even if you take them correctly. Call your doctor or pharmacist if you think your medicine is making you feel worse. We take medicine to make us feel better when we are sick.

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    Source by Jennifer Alinio

    Views: 0

  • 6 Useful Tips for Using Dating Sites

    6 Useful Tips for Using Dating Sites

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    Dating sites are an extremely popular way to get connected with like-minded individuals that have the same interests. However, many people will feel quite nervous when it comes to trying to use this type of site. Let’s take a look at a few of the most effective ways to stay safe on the preferred dating sites:

    Personal information

    A simple rule that must always be followed is the need to stay safe and to be careful with the amount of personal information you give out during the initial conversations. It is best to avoid giving out personal details until a few in-person meetings have taken place. You can slowly start to give out more information when you feel comfortable.

    Conversation

    The initial conversations should relate to regular things, such as what you get up to in your day-to-day life. Try to find things that interest both parties and expand your conversations from there. The ability to stay flexible in your topics will help to increase the likelihood of finding a successful match. Also, it is important to get involved in conversations when they start and not to be overly shy. Additionally, there are many different ways to get involved with a website and its users, such as sharing likes and dislikes.

    Profile

    Every user needs to complete their profile thoroughly. This will help to find other members that have a particular interest in your lifestyle. A poorly completely profile often comes across as not serious or fake and unlikely to attract the desired attention.

    Website

    Make sure to invest a little time to shortlist the most promising dating websites that match your particular interests. There are dating sites to match literally every interest, so you shouldn’t have too much difficulty finding something that suits your needs. Also, there are plenty of review and comparison sites that can help to identify the best options.

    Activity

    There is a high chance that you will need to send plenty of messages before you start to get worthwhile replies that may be worth taking further. Plus, it is important to be patient and avoid sending multiple messages to other members that interest you.

    Block Button

    Apart from withholding personal information, there are also other ways to stay safe and avoid contact with those you don’t feel comfortable with. Most of the dating sites include a block button that will instantly stop a conversation with someone you deem to be rude, aggressive or inappropriate.

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    Source by Leo Eigenberg

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  • Health Impact of Consuming Alcohol at Different Ages

    Health Impact of Consuming Alcohol at Different Ages

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    After analyzing the health implications of alcohol consumption on varied age groups a recently conducted study concluded that adults in the age group of 50 and above may see less severe health consequences compared to adults below the same age group. The objective of the study was neither to justify nor glorify drinking, but to study the impact of drinking on various ages. The fact still remains that people who drink heavily are susceptible to a variety of serious short- and long-term health issues.

    Some of the common health problems pertaining to heavy alcohol consumption include liver and heart ailments, cancers, and damage to the nervous system and brain. From time to time, various health and wellness articles have highlighted the fact that if an individual drank in moderation, it can have certain health benefits. To corroborate this fact, several studies have suggested that drinking alcohol within a medically permissible limit may have a positive bearing on an individual's health. For instance, one of the studies revealed that moderate to light drinking can bring down the mortality rate caused due to cardiovascular ailments.

    Having said that, while these studies have been widely read and received well by people, not all researchers stand by it and the debate still continues on the same.

    A fresh perspective

    Dr. Timothy Naimi of the Boston Medical Center in Massachusetts carried out this study, adding fuel to the ongoing debate on the health impacts of consuming alcohol. Dr. Naimi and his group of researchers analyzed the methodology that was utilized in the previous studies and found that the manner in which the previous researchers measured the impact of alcohol on health may be flawed. The researchers highlighted the fact that the previous studies were based on more general observations and they usually enrolled participants over the age of 50. Usually, the deaths attributed to alcohol consumption occurred within the age group of 20 to 49. Simply put, "one cannot include dead people in a cohort study, "said Dr. Niami.

    The team highlighted that around 40 percent of alcohol-related deaths took place before the age of 50. This made it quite obvious that the earlier researchers did not take into consideration these people and may have thus underestimated the real risks pertaining to alcohol consumption. Incidentally, Dr. Naimi was one of the first researchers to raise the concern about this bias in terms of participant age group and had published his findings in the journal Addiction in 2017.

    Therefore, Dr. Naimi reinvestigated the matter and reanalyzed the data using the Alcohol-Related Disease Impact Application (ARDIA) software, maintained by the Centers for Disease Control and Prevention (CDC). The ARDIA is a reliable application that offered state and national estimates of alcohol-related health implications including potential years of life lost (PYLL) and deaths.

    Influence of age factor

    According to the study, the level of alcohol-related risk pertaining to an individual was largely influenced by the age factor. The data analysis revealed that around 35.8 percent of deaths caused due to alcohol consumption took place in the age group of 20 to 49. On the other hand, a mere 4.5 percent of fatalities were averted due to consumption of alcohol in this age group.

    However, when the researchers looked at individuals in the age group of 65 and above, the statistics were slightly different. In this group, around 35 percent alcohol-related deaths were recorded, but it also depicted a whopping 80 percent of deaths averted by alcohol.

    However, as stated earlier, there is still an ongoing debate regarding the impact of consuming alcohol in varied age groups.

    Seeking help for alcoholism

    Irrespective of gender, age, or social standing, anyone can be affected by alcoholism. One of the stepping stones for effective recovery from alcohol addiction is detoxification. The detoxification process helps purge all toxins accumulated in the body owing to years of alcohol consumption and prepares the body and the mind for the ensuing treatment.

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    Source by Susan Navarez

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