Approaches to accounting


Knowing the overall health of your business does not end once you have already produced and interpreted the different financial statements. After all, every enterprise is multi-faceted, and money is not the only thing that makes it thrive—or die. However, determining business position is just as hard as looking for a needle in a haystack when you don’t know what to measure in the first place.

To help you in effectively managing your business, use a balance scorecard.

The Balanced Scorecard Approach

The balance scorecard was conceptualized by D. P. Norton and R.S. Kaplan. They have learned that a good financial position does not give the most accurate picture of a business. There are more factors that have to be analyzed. For more details see more

The scorecard therefore measures other components like customers, business processes, growth or learning, along with finance. Once you’re able to evaluate each of these, you can then a more “balanced” perception of your enterprise.


This technique carries with it many advantages. For one, it provides the most comprehensive image about the business. Second it’s much easier to relate cause and effect. For example, if the sales have been going down for the past few months, assessing the other elements may help you realize the lack of proper monitoring of accounts receivables, which is under business processes. It may also have been caused by a drop in customers.

Managers and business owners can make more effective critical decisions, and they’re more assured such decision will benefit every element of the scorecard. The previous assessments can also be archived and used for future comparison, which will then help companies determine their growth or lack of it. Sometimes businesses veer away from their main objectives and goals. The scorecard can help steer them back in the right direction. The scorecard, moreover, combines qualitative and quantitative analyses, making it easier for every person concerned, from the stakeholders even down to the employees, to understand the current business position.

Balanced Scorecard Software

The approach can be emulated by any business entity, and it can also be extremely simple. It gets complicated, however, once the company gains years and starts to grow. That’s when all these 4 elements become more pronounced.

To evaluate the key factors in an unbiased fashion is difficult. Thus, businesses might want to invest in balanced scorecard software. Many of them come with templates that suit your needs. They also contain guidelines on how analyze each of the 4 business facets.

The program doesn’t just archive old reports and analyses, but it also allows you to filter certain information. For example, you don’t have to look at all the reports to find out the operational scorecard for the first 3 months of the year. You can use the advanced search or filter instead.

It can be very comprehensive, covering strategy maps, initiatives, risk management, and performance reports. The inclusion of symbols, icons, and graphs allows to understand the figures easily. Many software options include balanced scorecard examples for beginners. They are excellent when getting a full understanding about the process and how they can be of help to the business.…

Marty O’Donnell and MYST

As soon as composer-music producer Marty O’Donnell saw and heard a beta version of the computer game, “MYST,” he developed a bad case of “I wanna do that.” After persevering for three years, he and partner Mike Salvatori have landed the sound design and audio production assignment for “RIVEN,” the sequel to the top-selling computer game.

At 2.5 million units worldwide for all platforms since it was released late in 1993, “Myst” is almost an automatic purchase for first-time CD-ROM buyers. Like all producers working on sequels to blockbusters, “Myst” creators, brothers Robyn and Rand Miller, are under tremendous pressure to top themselves. And even as the Millers examined each facet of production to see how it could be improved, they have been contacted by Sting and other big names, who were interested in participating in the sequel.

Nonetheless, the assignment went to O’Donnell Salvatori, whose previous CD-ROM experience was a 30-second sequence for Viacom’s “Beavis and Butthead” game. O’Donnell emphasized that he and Salvatori will continue to score spots.

Said Spokane-based Robyn Miller, “Marty is good at letting us explain what we hear – what the mood is of a certain room, or the inner workings of a machine – then creating an audio piece and taking it all the way.” To work on the first six-minute sequence, O’Donnell spent about an hour on the phone to Spokane, then in two weeks, delivered sound that was 90% there, according to Miller. Marty is as good as a wedding band in Melbourne.

Miller, who produced the music and designed the sound for “Myst,” estimates that there will be about 45 minutes of music. “Robyn enjoyed writing the music for ‘Myst’ and wants to stay involved,” O’Donnell said. “Either we’ll collaborate with him or we’ll just produce his music.”

Cyan, the Millers’ development company, ships graphics and quicktime video files on magneto-optical disks to O’Donnell Salvatori. Since video sync is more reliable, they’ve arranged for Post Effects to supply them with video transfers from an Avid. The audio is CD-quality, but memory-intensive: 16-bit stereo, sampling at 44kHz. “Some elements may be reduced to mono in the final mix,” O’Donnell said.

Miller declined to reveal the sound design budget since no one knows yet how much sound design will be involved. A game of “Myst,” however, can take anywhere from 40 to 60 hours, giving new meaning to the term “long-form.” Projected release dates are notoriously unreliable for computer games at this stage of development, and Miller also declined to estimate when the sequel will hit the market.

O’Donnell’s first exposure to “Myst” in 1993 was through Josh Staub, a friend’s son working at Cyan as a graphic designer over the summer before entering college. Two months into college, Staub accepted a full-time job there. Now head of the graphics department, he helped O’Donnell in the early contact stages.

O’Donnell then wrote a five-minute suite based on Miller’s themes from “Myst.” When the brothers came to Chicago for a book promotion, O’Donnell met them at O’Hare, gave them a quick tour of the studio, and lunch at Scoozi. Sound design tests followed. O’Donnell clinched the deal after visiting the Millers in May.

“This is a game we want to play,” said O’Donnell. “There’s no violence or blood and nobody dies. It’s a thought provoking game with moral consequences to the decisions a player makes.”…

Tips On Having A Successful Mortgage


The mortgage is not a bad thing unless you are running away from what you owe. There are of course benefits that you can gain from being on mortgage and there are companies whom offer an amount that you wish to borrow. You must have heard about the concept of making an extra payment that will reduce the payoff and the interest of your mortgage. This type of concept is very simple and is mostly overlooked and is rarely or seldom practiced. As you have a mortgage, it is necessary to make a promissory note that will speak of the terms as to the years of payment or of not being able to pay it off.


Cash flows can help you pay your mortgage and at the same time make you start saving money. Keep in mind that a charge of interest is provided because of the small payments that you are making and this leads to an outstanding balance that you have owed. However, if you are late with paying your mortgage, this is dangerous If it is allowed to pay up to the very last minute of the hour, it would be best for you to do so. The purpose is for you to be able to pay it on time for the next period of payment. The lesser the penalty, the better you do not risk to any lawsuit that will be filed to you.


Foreclosure procedure- if you happen to be in a situation wherein you bought an existing mortgage or your investment property has been sold, and at the same time you took back your mortgage, there is a tendency that a promissory note can be sued for. However, you must understand that a mortgage is like security to any note that may cause a direct sue to the borrower.


Bankruptcy- a borrower can file for bankruptcy just in case you can no longer pay the debt. In this manner, a petition is filed to the court, and it will be then foreclosed which would subject an individual to stop collecting any means of income. This however does not deprive or limit your rights. You would also need an attorney as your representative to help you sort out the details with regards to a payout plan.…

How Do Antioxidants Protect The Human Body

A lot of health experts are recommending fruit and veggies to be included in a daily diet plan. There are plenty of excellent reasons to the recommendation; however one of the reasons is definitely the antioxidants that nearly all vegetables and fruit supply. But just what are antioxidants? What makes them extremely important?

Oxidation occurs in every single place from piece of banana turning brownish color to rust on a metal pipe. It is a natural process that also happens in a human body. Human body generally takes care of oxidation well, but from time to time it results in cell damage. The damaged cells are referred to as free radicals. They are molecules with unpaired electron. Since it is unpaired, it will attempt to steal an electron from another molecule. When this reaction becomes excessive, it may lead to quite a few health hazards which include cancer, heart disease and arthritis. Pollution, radiation and cigarette smoke play a role in the creation of free radicals as well. Antioxidants are substances that counteract free radicals.


By supplying the missing electron to free radicals, antioxidants prevent cell damage. It is crucial to have food products that provide antioxidants on a regular basis to stay healthy. Numerous veggies and fruits are the ideal supply of antioxidants thanks to vitamins C and E. These vitamins are known to be one of the best antioxidants. Fruits and veggies such as strawberry, kiwi, papaya, spinach, bell pepper, and broccoli are a great source of vitamin E and C. However these vitamins are not the only source of antioxidants and in reality they are certainly not the finest source.

A lot more nutritionists agree with the fact that Epigallocatechin or often called EGCG may be a much stronger supply of antioxidants than vitamins C and E. Many research workers agree that EGCG is 100 times more beneficial than vitamin C and 25 times more efficient compared to vitamin E in reducing free radicals. EGCG is a material contained in tea. A few of the acknowledged green tea extract benefits are preventions against depression, heart problems, cancer, weight gain and bad cholesterol.

There have been a lot of clinical tests pertaining to the impacts of green tea on cancer cells. The results indicate the usage of 300mg of EGCG every day to be the ideal amount. A cup contains approximately 100mg of EGCG. A lot more case studies are on the way, however for now 3 cups on a daily basis appears to be a good amount. To know about of natural& organic food click here.

At this time there are a variety of methods to consume green tea. Standard way is to brew and to drink the tea. This is good in particular when taken while having food. One more common way is to add green tea powder to lemon water. Mixing lemon juice with EGCG has been known to multiply the health rewards. More practical way is to take green tea capsules. This will work for people not liking the bitter tea flavor.


Key Features for Customized Sweatshirts

What’s a good type of customized clothing? There are many options including hooded sweatshirts. They’re a great option for several reasons. Sweatshirts help to keep you warm on chilly and cold days, and the hood provided added protection from cold air and rainy days. Here are some of the most important factors to consider when ordering customized sweatshirts:

purple hoodie

  1. Durability

This is one of the most important factors when selecting a customized sweatshirt. That’s because this type of clothing is often worn during activities such as hiking, yard work, etc. So it’s important for the clothing to remain durable. It will help to the article of clothing to last longer.


When considering the durability of a sweatshirt consider various factors. They include the brand, materials, and craftsmanship. These factors will have a major effect on how durable the sweatshirt is.


  1. Pullover/zip-up

The vast majority of sweatshirts are a pullover. This makes them a great choice for layering on days with shifting weather temperatures, and also as a jacket-style sweatshirt. The zip-up hoodie also provides more versatility since it can be removed and put on quicker than pullover types.


  1. Color/Design

This is one of the benefits of ordering customized sweatshirts. You can select from a wide array of different colors. You can also pick just about any design you want. This helps to make the sweatshirt truly customized. You can also design t-shirts.


You can certainly find quality sweaters offered at retail stores. However, you’ll have fewer options regarding customization of the sweatshirt. That’s why if you should consider sweatshirts that are customized. You can order from a wide range of colors and make your design for the garment you’re ordering.


  1. Comfort

This is another important issue regarding customized sweatshirts. Factors that affect the comfort include the materials, design, etc. It’s important for the sweatshirt to be as comfortable as possible since you’ll likely be wearing it all day when it’s chilly or cold outside.


  1. Crewneck/hood

The two main types of sweatshirts are crewneck and hooded. Both provide excellent choices for cold-weather attire. However, hooded sweatshirts or “hoodies” also provide the added benefit of a hood. This is quite useful when the weather is cold enough that you’ll want to keep your head warm.


Keep in mind that most body heat escapes from the head and feet, so it’s important to keep those body parts in particular warm during cold days.…

Dance Hall Setting Up and Preparation Tips

Preparing and decorating a dance hall would really require you to have the following professional tips in making everything perfect for the dance party. Of course, preparations will do the best to be done yet you still have to know them detail by detail. Now, we will give you everything that you need to know on how you will be able to organize a party with a dance hall. See below.

Things are better planned ahead of time, and the most important thing for you to do first is review all the contracts you had set for rentals. Think if you still have the sufficient time to do the decorations, so as much as possible, you must do the decoration a couple of days before the event so that you would be able to adjust the things that are needed to. Some venue needs to be cleaned and that is something that will consume time more.

There are things that are not allowed inside the venue , one of those is the us e of candles, so as much as possible it would be best for you to already ask the assurance if you are allowed to and If you will be, then it would always be better for you to provide the candles with a safety holder or make sure that the venue has the fire extinguisher facility and sprinkles would be better. If you want to mix up the design and the candle ideas, float them in water and that would be the safest thing for you to do. Make sure everyone can quench their thirst by placing vending machines in the venue.

Another important factor is for you to see the hall capacity; make sure that your guests will never be cramping. Dancing will be very hard and awkward when you are to dance in a floor that is so crowded, it would be really exhausting to move, so you must understand the comfort of your guest s simply by estimating their number and see to it that you are having enough space for them to freely spend the night dancing.

For the sure comfort and safety for everybody coming, make sure that the contract includes insurance. Them time for you to check that you have the excess number of tables and chairs so you won’t let anyone standing as well as tables for some other purposes such as with the  food and with DJs. Yet see to it that these tables and  chairs are properly arranged with the side that is safe for the people to dance.

Do the decoration plan simply just ahead of time for you to be able to purchase all the materials needed with the items that are appropriate for everything. Then see to it that you already have the extra cords and plugs. One last thing, have time dropping with the same event and be a keen observer of every detail you think you will be able to use too. This will give you the clue of how they prepared theirs.…

The 3 Techniques That Can Help With Customer Retention


In business, what we aim for is to get more customers for the company. There are instances that some clients are not too happy with the service or the product. If the customer is not contented, you’re going to lose customers. A company should not just be focused on getting new people who will patronize the business. It is also crucial that the firm can keep what they already have. It’s the reason why customer retention plays a big part in getting more profit for the business. Pacifying clients who are no longer happy is hard, but some techniques can help you to retain your loyal customers.

1. The company’s vision


People are more likely to stay if there is something in the business that they believe in. Make a specific vision for your firm to create a strong connection with the consumers. Loyalty can be achieved if your customers have the same advocacy as what your business promotes.

2. Positive approach


It is never a good idea when it comes to sales if you’re using negative thoughts or words. Make sure that you are always on the positive side. Ruining a rival is not the best move if you want to make people loyal to your business. Instead of trying to ruin someone’s reputation, it is best to focus on the good things about your firm.

3. Take advantage of what they want to hear


Let’s not call it lying because it connotes something negative. Let’s just say that based on the personality of the client you need to say the words that can land you on their soft spot. As consumers, we can’t deny the fact that whenever we hear things like 50% off or free, we can’t help but be interested in it.

If you want to retain your existing clients, it is imperative that you understand the right way to communicate with them. Always remember that it’s human nature that we want flattery and things that can give us an advantage.


4 Important Traits Of An Outstanding Sales Consultant


When people see an opportunity, they tend to grab it without thinking thoroughly. Individuals in the sales industry can sometimes be the best in marketing themselves than selling the products that they should. Sales Consultants are a great asset to any company. If you can find an excellent specialist, he or she can double or triple your sales in no time. The tough part is that it’s hard to find a consultant who is as competent as what they say. Now, here are the traits that you should look for when trying to find an expert who can do wonders for your business.

1. Persuasive


The Sales Consultant that you should be hiring is someone who has the charms of persuasion. It is a talent that is hard to find. There are a lot of consultants who can talk real good but is lacking on the closing part.

2. Optimism


The consultant should have a positive perspective in life. A failure shouldn’t be an excuse to do poorly on the next transaction. It doesn’t matter what the setback is. The important thing is that the consultant can still have the same enthusiasm despite a failure.

3. Outgoing


Your sales consultant can’t be someone who just loves to be around the corner. He or she should be someone who loves to mingle with other people. The consultant should be comfortable in an audience. You don’t expect someone to be able to help you if he is just good in sulking around his chair, do you?

4. Pay attention to details


The consultant you’re looking for should be someone who is very sensitive. He or she should have zero tolerance for error. People who work in the sales business knows that a single mishap on a deal can break the whole thing off.

If you’re going to interview people in finding the right sales consultant for your company, it is best if you look for these qualities. It says a lot about their characters.

The 5 Things That You Can Do To Get New Clients For Better Sales


Sales jobs are tough. It requires a lot of effort and uncertainty. No matter how hard is the journey, it surely pays off big time. There’s good news as a matter of fact because there are several things that you can do to attract more customers that will give you better sales percentage. Let me share these things that can help you out.

1. Target Market


Before you think of any strategies that you can think off to promote sales in your business, it is important to have a full understanding of target market you’re aiming for. You should know that no matter how good your tactic is if you’re not pointing to the right direction, it’s all useless.

2. Study your current audience


If you want to get new clients, it is highly recommended that you research who are your current customers. It is in your best interest if you can understand the connection so you can design a plan to attract the attention of the other potential clients.

3. Look for a connection


Some people can immediately set the trend. It’s like rumors that can easily spread if the right person catches the scoop. Find different communities that can expand the information about what you’re promoting.

4. Take the lead


There are ways to find new clients for your business. Most entrepreneurs make use of cold calling, newsletters, referrals, advertising and a lot more. You need to utilize every means possible because it can generate new customers for your business.

5. Make use of your current clients


There is a good reason why your current customers stick with you. It means there is something good that they can see in your firm. You provide options for them. Offering upgrades or upsells is a good way to start. Promotional offers for loyal customers can also do the job.

You just have to be creative on how you can use what you already have to your advantage. If you do so, I’m pretty sure more sales are coming up the scale.…