How to Handle Business Blunders

How to Handle Business Blunders How to Handle Business Blunders If you made a business blunder, here are a few moves that you can use to save faceOwn up to your mistake First things first admit that you were wrong. Dont try to hide the error or pass the blame. Proper acceptance allows you to think rationally, and understand where you went wrong. It also gives you a better idea of your available options and how to frame the situation to your boss or supervisor. Be prepared for admonishments or other consequences. Whatever happens, know that at the very least, your superior will admire your honesty and integrity.Be parte of the solution You cant change the past, so why not affect positive change going forward? You now have an opportunity to prove yourself under the pressure of a past mistake. Do whatever it takes to see if you can fix the initial error call back the customer, apologize to your co-worker, offer to re-work the presentation, etc. If you find that its too late to fix an d the moment has passed, then focus on future developments. Reconciliation is an ongoing process. Make sure to have a plan of action and a concrete solution before talking to your management.Learn from the error Your reputation may be momentarily tarnished, but the experience you gained is ever lasting. Workplace learning is a bumpy road no one ever said it would be without challenges. Extract the essential lesson from the experience and make it part of your business strategy.Move on Dont be crushed by self-doubt or fear of making another mistake. You cant live in the past. At the end of the day, you should be little wiser. Chin up and get your business face back on. Make sure that if your blunder was because of a system, versus a careless error (for example, forgetting what a customer wanted because you dont use standardized order forms), change the system. Make sure that you are set up to succeed in your job nothing is as important.Theres a popular job interview question that ask s Tell me about a time when you made a mistake or did something you would approach differently if you had the opportunity The interviewer, of course, is testing to see if youre honest with yourself and if you can learn from your mistakes.A candidate that claims to have never made a mistake is undesirable in the eyes of the employer because knowing failure is a necessary part of achieving success.While initially challenging, your workplace blunder can be turned into an opportunity for learning and self-discovery. Use the experience as a springboard rather than a sinking pit youll find yourself back on your feet in no time. Unless you burned down your workplace, you have every chance to recover and come back better than before. Good luck out there

Mark to Market Fair Value Accounting

Mark to Market Fair Value AccountingMark to Market Fair Value AccountingMarket to fruchtmarket accounting, which also is often called fair value accounting, represents standard practice within much of the financial services industry. The firms balance sheet reflects the current market value of assets and liabilities. Likewise, daily changes in the market valuation of assets and liabilities are immediately recognized in the firms income statement. Mark to Market Particulars The classic application of the mark to market accounting applies to the activities of securities traders. At the end of each trading day, the firms controllers value the securities held in trading desk inventories at their closing market prices. A net increase in value versus the prior trading day is a gain that is recognized immediately in the income statement, and which thus also increases retained earnings. Likewise, a net decrease in value from the prior day is reflected immediately as a loss that flows int o the income statement, and which decreases the firms retained earnings. 2011 Mark to Market Rules With respect to liabilities, in the third quarter of 2011 new mark to market accounting rules came into effect that can result in the revaluation of the firms debt, based on the current market prices thereof. This can produce counter-intuitive effects. For example, if the market value of a firms debt falls, either due to declining prospects for the firm or because of a general rise in market interest rates, the value of such debt may be decreased on the balance sheet, boosting income and retained earnings. This reflects the economic reality that the firm, at least in theory, can retire its debt at less than face value. The opposite occurs when the market value of this debt rises a loss is recognized on the income statement, reducing retained earnings. The application of the mark to market accounting to securities inventories or the public traded debt of a company is most accurate when the securities in question are traded in highly liquid public securities markets, such as the New York Stock Exchange or the NASDAQ national market. With less liquid securities, the process of valuation becomes much more subjective and prone to error. Advantages of Mark to Market Accounting Proponents of mark to market accounting, including many economists and academic financial theorists, assert that this method offers a much more realistic and accurate picture of a firms financial position than historical cost accounting. Moreover, proponents point out that mark to market applies discipline to financial services firms that act as a corrective to bull and bear market cycles. During periods of declining markets, the fall in the value of assets on the left-hand side of its balance sheet- resulting from mark to market accounting- forces an equal decrease in the same firms retained earnings and equity capital on the right-hand side if its balance sheet. To meet regulatory capi tal requirements, the firm would then have to reduce its leverage (that is, its ratio of debt to equity capital on the right-hand side of its balance sheet). Proponents of mark to market accounting will argue that this is a self-correcting mechanism that reduces the firms risk profile during market declines. Conversely, during periods of rising markets and rising values of assets on the firms balance sheet, the increase in the value of assets from applying the mark to market accounting would allow for increased leverage. Disadvantages of Mark to Market Accounting Some observers, notably Steve Forbes, longtime editor of Forbes magazine and former Presidential candidate, argue that mark to market accounting exacerbated the financial crisis of 2008. In their opinion, mark to market rules created a vicious circle in which financial institutions reported huge paper losses as the value of their securities holdings declined, decreasing their creditworthiness and credit ratings, limiti ng their capacity to borrow, and thus pushing them into insolvency, despite no decline in their operating cash flow.

How work has changed for me while traveling full-time

How work has changed for me while traveling full-timeHow work has changed for me while traveling full-timeAs I write this article, Im sitting at a coworking space in Bogota, Colombia. Im happily perched with my MacBook on my lap, subtly swaying on an oversized swing, listening to Spanish, German and English clamor around me. This is my office today. And a few blocks away is my home, or at least my temporary resting space before Im traveling to Mexico City in a week or so. Then Cabo. Next Jamaica. Then South Africa.Then, who knows?As I approach my 12th month of traveling full-time as a digital nomad, the concept of work has shifted dramatically for me. My offices are as transient as my interests in September, I frequented beer halls in Prague, while in January I started my day sipping juice out of a fresh coconut Chiang Mai. And in April? I worked from yet another transitory home in my robe, in the Miraflores district until it welches time to watch yet another dazzling pink sunset fro m the roadside cliffs of Lima, Peru (with a pisco sour, of course).I know this all sounds dreamy - and at times, it really is - but also, it is work. A lot of it, actually. I log as many hours - and then some - as a freelancer than I did when I was gainfully employed. And though sure, I caught plenty of Instagrams (and okay, feels) as I passed through 20 countries over the past 365 days - Ive also doubled my output. And my clients. And most importantly, my happiness. Ive done it with my own rules - and in a way that is not traditional to most.For now, anyway.The definition of what it means to work continues to shift as remote opportunities continue to rise. And considering there have never been mora freelancers in history as there are now, Im definitely not the only professional who has carved a life for herself where timezones, set hours and weeks are undefinable and ever-changing.This life isnt forever for me - though I fully intend on traveling up to four months a year mov ing forward. Even so, this globetrotting period has not only changed me as a woman but as a journalist and citizen of the world. I hope to remain a solopreneur using many of the lessons Ive collected abroad to further my career and talents.Here, just a few I always pack with me, wherever I roamMostly anywhere can be a workplace.Ive written articles on a $5 bus between Casablanca and Marrakech- and on one through the Andes Mountains that flourish between Argentina and Chile. Oh- and on another bus from Cusco to the train station to catch a locomotive to Machu Picchu. I once wrote a five-page product round-up on the - ahem, wrong - train to the Tokyo airport, distracting myself from worrying about missing my flight. Ive also combed through interviews on a 9-hour haul between Lisbon and Dubai. Once on a ferry between Split and Dubrovnik, Croatia, still in my swimsuit coverup. Another time, I brainstormed story ideas underneath a cabana, as the rain poured and the sun melted the sky i nto splinters of pink and purple above me in Krabi, Thailand.Basically anywhere I can access offline Google docs, use a hotspot or trade coffee for reliable WiFi - I can work. While my job lends itself to internet-free sessions, plenty of others Ive met and traveled with along the way have taken calls outside of bars or bowling alleys. lumineszenzdiode budget meetings on some beach somewhere. Onboarding a new client on a tuk-tuk. At 4 a.m., 10 p.m. or 6 a.m. to compromise on a calendar opening between three time zones.When traveling serves as your only constant thread, you become much more flexible with how and where you work- forcing you to be creative and dynamic with your deliverables.Set days arent necessary.I wrote five articles today - this is my sixth - and Ill have another 20 to submit before my friends back home in NYC start singing the praises of TGIF.For me, Friday is yet another day - not a work day, not a weekend, not anything- just a 24-hour stint where I might hav e deadlines or I could go for a graffiti tour downtown. Or perhaps catch a last-minute, $100-flight to Cartagena to drink sangria and earn some freckles. Or maybe pitch some stories. Follow up on invoices. The same mentality applies to Saturdays and Tuesdays, too. As Ive jet-setted the past year, Ive discovered those 40 hours dont need to be sandwiched between Monday and Friday. In fact, I try not to look at set minutes, but rather at a weeks worth of responsibilities. When I understand what has to be completed by each date, I can carve out a schedule that allows me a healthy mix of exploring and cramming, and if Im lucky, some sleep, too.Though difficult to apply to corporate policies - without some major convincing, anyway - when you approach work as holistic and take on autonomy toward your projects, you become the keeper of your performance.Creativity comes from diversity.Ive discovered the world is both bigger and smaller than I imagined before I boarded that one-way flugtick et last July. Im amazed that while Ive covered much ground, I still have so many lands, oceans, mountains, glaciers and cities to explore. The privilege, however, of burning the midnight (and midday) oil from scattered destinations is understanding how much our differences weave us together. Inevitably as you get lost in a new place, face a language barrier or lose iPhone signal, youre forced to mingle with locals. When you live in a place for 30 days, you have no excuse but to examinethe culture and traditions, learning and growing from each of them.Networking avenues throughout the continents foster conversations and connections, developing your perspective as a professional and a creative, and ultimately, making you a more diverse hire. Personally, my creativity has never been stronger - or more fluid - while traveling, considering every passerby home teaches me something new about humanity. About myself. About the ideal blend of work and life.Even if you arent among those who can nomad their way around the globe and make a living, welcoming employees from various backgrounds develops a richer community and workplace for everyone to thrive.Give yourself something to look forward to.Though New York City is anything but boring - after seven years, I grew weary of my routine. The same ole, same ole poison leaks into any lifestyle after a while, causing familiarity to reign over curiosity. Getting through 9 to 6 p.m. was a task in itself, especially since I knew how the evening would end drinks and dinner with pals, or punching my way through yet another boxing class. There is something to be said about the comfort of a routine, but while traveling, Ive developed a new attitude toward complacency.Moreover each day, I have something to look forward to which gives me a reason to focus.Sometimes it might be a cooking class, a sunset hike or exploring local markets downtown. Other times, my motivation is to take a day - or four - off, so my working hours exten d well into the night. Ive found the more I have coming up, the better prepared I am to hustle diligently in the moment.This mantra can apply to any professional, no matter if youre buttoned-up in a cubicle or sitting cross-legged next to me at an airport lounge in Malaysia. Or well, anywhere. Everywhere.The greatest change derived from traveling full-time is just that the best work comes from transformation. Whether it is shifting roles or taking on new tasks in your own. Branching out to be your own boss or doubling-down to snag that c-level position- no professional is their best self if they arent continuously curious and flexible.While I might not have to sit a specific corner of a micro-studio in Japan at 1 a.m. in the morning to make an east coast deadline - I will carry this elastic mindset and attitude with me. That, and more than enough memories to keep me scribbling and inspired for whatever journey - or job - is next.

7 Ways to Spice Up Your Resume

7 Ways to Spice Up Your Resume 7 Ways to Spice Up Your Resume With unemployment rising, increasing numbers of applicants for each job, and recruiters struggling to keep up, it can sometimes feel as though youre sending your resume into a black hole. You send hundreds of applications and never hear back and what makes it worse is that you know you are qualified for the jobs.But heres the thing if your resume is like most of the resumes I see, its not doing you any favors. Here are 10 ways you can improve your resume and increase your hit rate1. Make it about action and impact Dont take up more than 10-15% of your resume describing job responsibilities as an employer, I dont care what you were supposed to do, I care what impact you made. Show me2. Spice it up with references When you buy a product especially ansprechbar, dont you like to see testimonials or customer reviews? You can apply the same principle to your resume. Pull a couple of glowing quotes from LinkedIn, your perfor mance reviews or customer thank you letters and put them in a prominent place on your resume.3. Understand your unique value Ask people who know you and those who have worked with you, what makes you especially good at what you do. Look back over your career for common themes. And most importantly, understand what your target audience (employers) are looking for. 4. Invite them to go online If you know you have established a good online presence (and if you havent, you need to get to work now) add the line Feel free to google me for more information. This conveys confidence and at least some of your potential employers will take you up on it.5. Replace the objective with a value summary Dont tell me what you want out of your next job, tell me what youll do for me. Start with the headline How I will add value6. Consider a philosophy section Tell employers how you approach your work. For example, a sales person might say I never do the hard sell instead I build relationships, I under stand the customers needs, and I use that knowledge and the trust Ive built, to turn prospects into long-term clients. An admin assistant might say I am so organized that Ill know what you need before you ask me7. Add some personality Use words that sound like you, not words you read on someone elses resume. Everyone is results-oriented and accomplished according to their resumes, but do they ever really describe themselves that way?These are just 7 ways that you can bring some life to your resume, and create a document that grabs attention instead of blending in with all the others. For more tips, feel free to sign up for my free resume writing course.And if you have other ways to spice up a resume, please take a moment to share them in the comments. Id love to hear them

New Step by Step Roadmap for Great Resume Examples

New Step by Step Roadmap for Great Resume Examples How can you compose a resume cover letter is critical to learn. Sharon did what I have never been in a position to do With the next practical and strategic ideas, you will sail through even the toughest interview You just need to select the one which you have to use and then use your resume example in order to produce the very best letter for your resume. Characteristics of Great Resume Examples You have to tailor your resume to each work application so that it responds to the particular demands of the job which youre applying for. Below, you will discover a list of resume examples that could aid you with your work search. Resume Help It is a great case of a traditional CV that may work whatever position youre applying for. Think about including a resume summary at the peak of your resume. The Hidden Gem of Great Resume Examples Take into consideration that HR personnel of the majority of companies are superb in regards to detail. So if youre truly interested in finding job, then you ought to use the help of such on-line firms. If youve ever worked in customer assistance, you are aware that it is a job which might not be glamorous, but is totally needed. The key aspects to consider include the critical competitors, competitive goods, the chance to explore, and the threat to the entire industry. Enter a word (or two) above and you will receive back a lot of portmanteaux created by jamming together words which are conceptually linked to your inputs. Make certain there are no spelling errors and typographical errors. If you do a resume example search, you can also find cover letter examples also. The most suitable format ought to be there in addition to the fashion of writing. Our resume builder youll be able to resume your resume teens will supply you with tips and examples help how to compose your resume summary or some other section. A resume containing errors, it is irrelevant how minim al, can offer your possible employer the concept which you dont have awareness of detail, you do not remember to make sure your projects, and that youre a bad communicator. Functional and conventional resumes arent the only resume types to pick from. Then you will move on to other resume examples that tell you just how to present your educational info and any special skills youve got. What You Should Do to Find Out About Great Resume Examples Before Youre Left Behind In case you have any work experience make certain your skills match that. Each time you put in an application for a new job, check your resume to guarantee that it is not only targeted, but in addition current. Taking the opportunity to work on your resume is vital. Based on your work history, you might want to think about utilizing a functional resume. There are many places the place you may acquire good resume examples. Simple, you have to use resume examples without having to spend a dime to pattern your r esumes. There are many locations where youll get good resume examples. There are quite a lot of locations the place you will acquire good resume examples. Heres What I Know About Great Resume Examples Note writing is the procedure of clinical. Resumes are a great deal more than merely a very simple table of your prior responsibilities. Resume examples for free will help you in a step-by-step process on the best method to compose your resume. Resume examples without having to spend a dime will assist you in a step-by-step process on write your resume. Typically, you might opt to publish References located on request. Once youve reviewed resumes in your field, peruse resumes across fields to know how to vary the usage of action verbs and receive a feel for what makes a highly effective accomplishment statement. Speaking of unique, the main purpose of your resume is to make you stick out from the remainder of the folks applying for equal job and another means to create that h appen is to use action verbs and power words (also known as resume verbs). Attempt to compose a very wonderful explanation about who are you, how can you work and your abilities for particular job or area. List your title and your principal responsibilities, with focus on duties which may be applicable to the type of work youre seeking. Most folks look at writing a resume as just something youve got to do to have a job. Its also wise to tailor your resume to demonstrate the way your work experience specifically meets the requirements of the job that youre applying for. Just take a look at the work description, in case you have this, and customize your resume accordingly. It is simpler than you might think to compose a superb administrative resume that could allow you to find the job of your dreams. Functional resumes are perfect for folks who dont have plenty of work experience regarding the job they are applying for. Getting the Best Great Resume Examples Remember that just about all employers proper now will select candidates for a work vacancy based mostly on what is on their resumes. You cant compose a single resume for several kinds of jobs. When providing your employment history, begin with the your latest job and go backwards from that point. Also, in the event you frequently change jobs, you might also think of a functional resume. Recruiters receive so many resumes to scan through at a moment, so make it as simple as possible for them to comprehend why youre ideal for the job. When the recruiter undergoes the resume you may have linked, you might be named for that meet with.

Writing Resume Wikipedia - the Conspiracy

Writing Resume Wikipedia - the Conspiracy Get the Scoop on Writing Resume Wikipedia Before Youre Too Late Essentially, it supplies you with an easy, fill-in-the-blanks form so you are able to jump start your resume writing process. For instance, you may come across decent info on the subject of How to stop a youngsters hysteria. Writing a strong application is a challenging procedure and we would like to make it simpler. The absolute most important step is to select the opportunity to prepare your materials thoroughly. Offering free resume reviews is one method to locate clients. Understanding how to tailor your resume will obviously offer you an advantage. You dont have a good deal of knowledge or employment history to individualize your resume, but you can make certain that your resume is a skillful presentation of everything youve got to offer. Some individuals have as much knowledge in their field that its tricky to insert all of the information into a one-page resume. The sphere of information technology grows more important each day. Possessing a very clear and professional resume is essential in the medical field. If youre attempting to acquire work in accounting or finance you require averystrong resume. Situation particular resumes generally signify they are especially formatted to suit people in a special situation, for instance, entry level resumes, inter-company transfer resumes, etc.. New Questions About Writing Resume Wikipedia Imagine the standard of writing youll receive from a low-cost essay writing service. Writing a resume for employment in the art industry can be difficult. Though some resume writers are generalists and work with anyone, it is a lot easier and more lucrative to pick a particular niche. Yes, theres a person who can assist you with your essays expert essay writers at MyPerfectWords. Things You Wont Like About Writing Resume Wikipedia and Things You Will You may choose to have a look at all the resumes, fo r that issue. Lengthy resumes become rejected in the majority of cases. All resumes, however theyre put together, need to be well-written and simple to scan for information. There are a lot of standard forms of resumes used to make an application for job openings. A college lecturer titelblatt letter is a significant means to present your abilities and how well you fit the work role. If you are uncertain, its worth your time to get hold of the agency and ask which would be most suitable for the position. There are a couple routes you may take with resume writing. The additional time needed to find a resume writing system that meets your needs will payoff in the long run. Before you even begin writing your resume, you want to get a comprehension of the kind of positions youre likely to be applying for, and the kind of skills and experience which will be required for that specific position. Concentrate on your abilities and knowledge and show how beneficial itll be to hire y ou, and nobody will look closely at the dearth of experience listed on your student resume. Naturally, there are a few skills to add to resume which can be considered recruiters favorites. Your resume structure will also enable you to incorporate some achievements. In order to remain at the peak of the application stack, your office manager cover letter demands an eye-catching format. The look of your resume is essential as well. Many times, the application instructions for a specific position will state if a CV or resume is requested. Always keep in mind that your resume is your very first and last impression on the prospective employer and consequently, it ought to be a lasting one. Writing Resume Wikipedia - Overview Lets start with a fast overview of resumes, as they are more familiar to the majority of American writers than CVs. Resumes could be organized in various ways. They need to be easy for the reader to follow.