The Key To Perseverance

The Definition Of Perseverance

 From a dictionary: “Persisting in or remaining constant to a purpose, idea or task in spite of obstacles.” Notice it doesn’t start, “Wisely persisting…” Perseverance can clearly be both a good thing and a bad thing. Remember that when you find yourself wanting to quit something. Quitting might be the wisest choice.

Of course, the problem with the idea that you should quit when something isn’t worth the effort, is that it’s often used as a rationalization. It comes to mind when the effort is difficult, but really is worthwhile. It’s confusing at times, so how do you wisely persevere? There are three important aspects to consider.

Keys To Wise Perseverance

1. Self awareness: Notice when you look for excuses, rather than  truth. Are you letting fear or laziness cause you to quit or procrastinate? If honestly watching yourself is difficult, explain your reasoning to a friend. Close friends may be more likely than you to know when you’re rationalizing. (Think about it from the other direction and you’ll see this can be true.)

2. Costs and benefits: To wisely persevere, you need to see the costs and benefits of what you are doing. If moving to Hollywood to become a star is going to cost you your business or family life, you have to see that clearly before you decide. An honest and good decision requires honest and good information.

3. Motivation: Once you’ve made a decision, and you’re sure you made it for the right reasons, you have to motivate yourself. In fact,  perseverance requires that you regularly re-motivate yourself. Write goals down, do daily affirmations, and whatever else you have to do.

Habit is the most powerful secret of success. Practice watching yourself to make self-awareness a habit. Practice analyzing costs and benefits objectively, and practice motivating yourself. By the way, there are many good motivation techniques, so if what you’re doing doesn’t work – go read up on them and try something else. That’s perseverance.
Success is not the result of spontaneous combustion. You must set yourself on fire.

How to Motivate Yourself Forever

Just as willpower is an essential factor in achieving success, at some point in time, discouragement and lack of motivation may hinder you from reaching your objective. And it is up to you, and you alone to devise techniques that will help you keep that drive within afire.

It is helpful to have visual goals. whatsoever that is you are working towards, make it visual. It maybe something material like a car, or a vacation you have been looking forward to for the longest time.

Take or cut out a picture of it and post it at a conspicuous place at work or at home where you can see it often. So that when you feel discouraged, this will remind you of your goal and will help you keep your spotlight.

Make a contract with oneself. According to motivational researches, people who write down to-do-lists are far more triumphant in achieving their intended goals than those people who just keep mental lists instead.

Putting something in writing somehow makes it more powerful psychologically speaking. This may also be the basis why most cultures have such a high regard in honoring contracts. In the contract, you may also include a certain reward that you will give yourself once you have accomplished the task.

After all, everyone likes to be rewarded for completing a good job. Even a simple pat on the back, “good job”, or “thank you” may do the trick to give the person the additional push to carry on, but unfortunately, these may not always be readily available. Considering that these are also essential in keeping oneself motivated, you must learn to find a way to get that encouragement on your own through pleasing yourself.

Abusive people lower your self-esteem and bring you down. Get these negative people out of your life. Surround yourself with positive people. Imitate their example. Smile amply and think happy thoughts.

These will give you a brighter outlook and lets you see a clearer picture of what you really want and a fresh mind to know what steps to take to get there. Rather than wait for things to happen, try to be proactive and MAKE THINGS HAPPEN. Inactivity idles the brain and stagnates your potential to reach your goals.

Read inspirational books and literature. These will help you improve your attitude and heal your mind. A book of success stories also proves to be encouraging. You will not only learn from others’ experiences and derive confidence boosting insights from them but the story will be instrumental in motivating you to go for your goal and move ahead with your plans. If this still seems to falter, get training or education.

Oftentimes, not knowing how or where to start is frustrating. Knowledge is power. Having a clear understanding of how and where to start is empowering and it will provide the extra drive needed to hit the mark you are aiming at and follow it through.

Having enumerated all these tips and tricks to attain self-motivation, but still you seem to feel lacking that much needed drive, there is one last thing that you must try.

Whatever it is that you have been meaning to do, or wanting to achieve, JUST DO IT! Keep on aiming high and go for it! Actually getting your hands dirty best solves the problem of motivation. By “forcing” yourself to just do it, your momentum will pick up gradually as you go along and before you know it you have finished the task or have finally achieved your goal. Divide and conquer is the key.

Break down the apparently unattainable activity to small doable steps. Not only does it become less overwhelming, but seeing the “in the meantime” results will further your confidence that it can indeed be done.

Lack of motivation happens to us all, but if you do not encourage yourself to accept opportunities and be challenged, no one else will. It is most important to keep your eye on the goal, find ways to keep going, and in no time, you shall reap its benefits.

And if at the beginning you were just doing it for the material reward, you will also learn to realize that the fulfillment, satisfaction and self-achievement you derive from reaching your goal is a much enjoyable high that will keep the drive within constantly burning.

CIMA Certificate in Business Accounting at Global Accountancy Institute,Inc.

CIMA Certificate in Business Accounting (CIMA Cert BA) at Global Accountancy Institute,Inc starting July 16, 2017

The CIMA Certificate in Business Accounting (Cert BA) will help students with little or no accounting experience unleash their true business potential. Teaching core business and finance skills beyond simple financial accounting, Cert BA syllabus is the perfect stepping stone towards a career in business and finance.

The Cert BA is a qualification in it’s own right and also forms a formal entry route into the CIMA Professional Qualification. Once students successfully complete both qualifications and qualify for membership, they will be awarded the Chartered Global Management Accountant (CGMA) designation.

Should I study the Cert BA?

The CIMA Cert BA is both a standalone qualification and a route to becoming a Chartered Global Management Accountant (CGMA). Maybe you’re considering a career in business and finance, already working and want to get further in your career, or looking to change careers – you can study the Cert BA no matter your background.

School leavers

Are you looking for an alternative to university? With CIMA, you can kick start your career straight after school – no degree necessary. The Cert BA equips you with the core business and finance skills that employers need now and in the future.

Small business owners

Don’t be numbed by the numbers. The Cert BA equips you with the fundamentals of both business and finance. We’ll make you fluent with the figures, so you can manage your business’ finances and operations with skill and confidence.

How much will it cost?

As a CIMA student, you’ll pay a one-off registration fee, an annual subscription (though your first year is free) and a fee per exam or exemption to CIMA.

Registration and annual subscription

New students pay a one-off registration fee, which includes their first years subscription fee.

Registration (one-off payment) GBP 77
Re-registration GBP 77

Subscription fees

Existing students must ensure their subscription is paid before 31 March each year to prevent expiration.

Students GBP108
Students who have passed Strategic Case Study exam GBP255
New student (first years subscription fee) Free

Exams and exemptions

Exam and exemptions fees are not included in your subscription.

Exemption fees

Certificate in Business Accounting (per subject) GBP 56
Operational and Management level Objective Tests (per subject) GBP 73
Operational and Management level Case Study exams (per exam) GBP 120
Strategic level Objective Tests (per subject) GBP 120

2017 exam fees

You will also pay an annual members fee and tuition fees to Global Accountancy Institute, Inc. an independent  Global Tuition Provider for Professional Accountancy Qualifications.

Global Fees are as follows:

  1. Global Annual Membership Fee: US$50.00
  2. Global Tuition Fee per Course: US$250

Global Live Online Class for CIMA enable you to attend our live classes from the comfort of your home or office. In these classes we work through each topic, focusing on the key examinable areas most likely to come up in your examination. No specialized equipment is required, all you need is a computer and an internet connection.

Click here to register with Global Accountancy Institute,Inc

ACCA Diploma in Accounting and Business Starting July 16, 2017

ACCA Diploma in Accounting and Business at Global Accountancy Institute,Inc

The ACCA Diploma in Accounting and Business is awarded on the completion of the exams Accountant in Business (FAB), Financial Accounting (FFA), Management Accounting (FMA) and Foundations in Professionalism. At Global Accountancy you do not need any formal qualifications to start this course. We start from basic and assume no prior knowledge

The Diploma is suitable for those aspiring to work or already working in the following types of roles:
  • basic bookkeeping
  • trainee accountant in a commercial organisation or accounting practice
  • accounts clerk in public sector.
The Diploma in Accounting and Business is broadly equivalent to HND level/ the first year of a degree and consist of the following subjects:
  • FAB Accountant in Business
  • FFA Financial Accounting
  • FMA Management Accounting
  • Foundations in Professionalism

Progression onto the main ACCA Qualification
Students who successfully complete the Diploma in Accounting and Business at Global Accountancy Institute Inc. via the Foundation-level route will be transfer to the ACCA Qualification and commence their studies at F4 onwards of the ACCA Qualification

Global offers you flexibility, so you can study full-time, or work full-time and  studying part-time  from anywhere in the world using Global Blended Live Online Classes or Global On Demand(GOD) Classes Self-Study Students. As an Accountancy Student you have decided to make an investment in your future. Global is dedicated to helping you pass your exams by ensuring you have the tools necessary to be successful. Success in your exams is a partnership between you and Global Accountancy Institute Inc.

Register today at https://www.globalaccountancycollege.com/register.html and start your ACCA Diploma in Accounting and Business.

Auditing Gets Smart

Auditors may have suffered a reputational crisis in the wake of recent corporate financial scandals; but using artificial intelligence and data analytics, the profession hopes to reinvent itself.

Auditing in the 1960s was regimented. “We had a strict dress code: Only black and white were allowed,” says Gianni Mion, who worked at chartered accountants Peat Marwick Mitchell from 1966 to 1973 before the company merged in 1987 with KMG to form KPMG—the first megamerger of large accounting firms. “Even a pale colored shirt was out of the question,” he says.

Recalling his apprenticeship at Peat Marwick Mitchell, Mion, formerly executive vice president of Edizione Holding, which manages the Benetton family’s diversified business interests, says the workload was huge. “At the beginning it was not so clear why we were doing what we were doing,” he says. “During our training, a manager from New York told us how the audit was important to defend the market and that the market was important for democracy. His speech was convincing. It gave a meaning to all the hard work we were doing. Since then, I always trusted this was the case.”

Read more https://www.gfmag.com/magazine/march-2017/corporate-finance-future-audits

Register For ACCA Live Online – Classes Starting July 16, 2017‎

Attend Global Live Online Classes from the comfort of your home

Experience live classes from the comfort of your home or office from anywhere in the world.
Features Include but not limited to:
****Weekly Mock Exams **Global Study Groups **Monthly Mock Exams **Global On Demand Classes

The Ever Changing Global Workplace : Preparation for Your Global Career in this Rapidly Changing World

The forces of technology and globalization are rapidly changing the nature of work

The forces of technology and globalization are rapidly changing the nature of work.  Savvy job seekers know that they need to prepare for these predicted workplace developments.

In the changing job market you must both anticipate changes as well as prepare in an organized yet flexible manner.

Flexibility , training , education  and  most important preparation with all of these factors  as well as psychological preparation  of yourself and your mindset .

What are these changes that are occurring for you to constantly observe and anticipate in your ongoing preparation in this ever changing  employment market ?

1)  Technology will continue to advance and will affect how, when and where business is done; the pace of work: and how people communicate.

2)   The global economy will continue to result in some jobs being outsourced to other countries and will lead to more mergers, and management changes.  Resourcefulness, adaptability, and efficiency will be essential for workers to succeed.

3)      International time differences will demand flexible hours and possibly extra hours to communicate to conduct business.

4)      A complex and diverse workforce will require workers to be flexible, respect differences, and work together to increase productivity.

5)   Workers can expect to change jobs about ten times during their working career.
Managing one’s career is a must.

6)      Small businesses will prosper, and home based businesses and services will multiply.  Entrepreneurial skills and attitudes will be important.

7)  The fastest growing occupations are computers , preventive health care , and other health and human services  , such as registered nursing , social work , police work and after September 12 security .

8) Most of the fastest-growing occupations will require specific post-secondary education, on-the-job training, or a bachelor’s degree. Education and training will be especially critical.-

To gain a competitive edge, today’s job seekers must know about changes like these and demonstrate a positive attitude that shows that they are ready, willing, and able to take on these challenges.

There are nine success strategies to follow to help you achieve your full career potential.  These success strategies profoundly affect career success at every step/

1)   Positive thinking and behavior
2 )  Visualizations
3 )  Positive self talk
4)   Affirmation self-talk
5)   Dynamic goal setting
6 )   Positive action
7)   Assertive behavior
8)   Self-esteem builders
9)   Proactive habits

These nine success strategies and behaviors are major career enhancers that help transform goals into realizations.  Pay close attention to any that are new ideas for you. They provide wide-ranging benefits; you can use them to

–    Create and sustain your inner drive
–     Increase your confidence
–    generate mental and physical energy
–    Guide you toward your goals
–    Improve your performance

It is shocking but true:  The most qualified person is not always the one who gets the job or promotion.
The person hired is the one whom the employer perceives to be the most qualified. Your experience, skills, resumes, and more – your entire job search package – are greatly enhanced when you practice these key job search success strategies.

The employment scene is changing worldwide in a major ongoing way.

Prepare for your employment career with both analytical skills as well as psychological preparation  thoroughly .

What is Joint Venture?

A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Most joint ventures are incorporated, although some, as in the oil and gas industry, are “unincorporated” joint ventures that mimic a corporate entity.

A joint venture, or abbreviated as JV and sometimes called joint adventure, is a tactical union flanked by two or more parties to embark on a financial activity together. This alliance agrees to create a new entity together by both contributing equity and they then share in the revenues, expenses, and control of the enterprise.

The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture.

Organizations can also form joint ventures, for example, a child welfare organization in the Midwest initiated a joint venture whose mission is to develop and service client tracking software for human service organizations. The five partners all sit on the joint venture corporation’s board, and together have been able to provide the community with a much-needed resource.

Joint ventures are more common in the oil and gas industry, and often are dealt within corporations on the national and local levels. A joint venture I always seen as something good in this kind of business industry and a very good alternative in this sector as local companies can complement their skills and technology sets while it offers the foreign company a geographical presence.

As there are good business and accounting reasons to create a joint venture (JV) with a company that has complementary capabilities and resources, such as distribution channels, technology, or finance, joint ventures are becoming an increasingly common way for companies to form strategic alliances.

There are so many reasons why companies form joint venture, listed below are some of them.

One of the most common internal reasons why most companies join joint ventures is the spreading of cost and risks, sometimes companies who are into new projects looks for another company who is willing to undertake the same project with them. This way, companies are able to spread out the cost and the risk of failing.

Joint venture is also a good way to improve financial access or resources, like for example your company can make a deal with non-profit organizations who can be exempted from taxes, so that your project will have lesser cost and much more financial gaining.

You can also be partners with bank or other companies that has a much higher earning than your company.

Economic scale is also one good advantage of having a joint venture, when you have a small company but have a very broad idea or have something new that will surely attract large mass of sales, and your company cannot afford to stabilize such project you can go for some company who are larger when it comes to economic scale.

Being partners with other company and joining in a joint venture also give you access to new technologies and customers. It also gives you the much coveted access to innovative managerial practices.

Joining joint ventures can also influence structural evolution of the industry. It is also a good way or pre-empting competition, like if you have a competitor and you on the same financial field and he has good strategies that work as well as your, forming a good joint venture with this company can boom into a much bigger company, meaning bigger sales and more money.

Joint venture is also a good response to blurring industry boundaries. Joining two companies can also lead to a creation of stronger competitive units. Joint venture can speed up market and improve agility of the company when it comes to business terms.

When a creation company like what other companies are doing an would like to adopt it on a much more legal way, joint venture is good thing to do. Joint ventures help transfer technology of one company to the other.

If your company would also like to transfer skills from other companies you can also look into joint ventures.

Diversification is also a great reason why some company goes into joint ventures, this helps them stabilize their company growth and also make them available to different forms and types of business industry.

Other countries may require foreign companies to form a joint venture with their local firms in order to enter a certain market. This requirement often forces technology transfer and managerial control to the domestic partner of the joint venture.

Global Franchise & Business Opportunities – The First Golden Rule

Franchising is the practice of the right to use a firm’s business model and brand for a prescribed period of time.

All franchises & business opportunities can be analysed for both growth and profit potential using very simple rules. These rules apply whether you are starting a business on your own or considering buying a franchise opportunity.

The first golden rule in business is to analyse the market place that you are contemplating to enter. Is it a declining market or is it growing? Is it becoming more competitive or less? Is it forecast to grow or decline? The same rules apply when you are considering buying a franchise opportunity. What forces are at play in this segment?

Let us assume that you are thinking of entering the retail trade and specifically men’s clothing.

By analysing the market or commissioning market research you will quickly discover that the segment is very tough indeed. Average retail prices when taking inflation into account have actually fallen in real terms. Average cost prices have not fallen so quickly. Margins are being squeezed. Average spending power has actually increased so certain highly specific segments within this segment could still hold their own.

The growth in mail order and internet shopping for these products has risen over the same time. Supermarkets have entered the field and now hold a significant market share. The quality of imported goods has now reached the standards of some inferior brand names.

All the above should sound alarm signals for anybody considering entering this business segment. So the first golden rule in business is to enter a growing market segment where profit margins haven’t been already squeezed. In reality the opportunity has already been exploited. Again if you are contemplating buying a business franchise in this segment I would advice you to think twice.

A rapidly growing market segment is to supply health care, holidays, specifically designed products and other services to the elderly. In the last 50 years the rate of growth of the over 60s has exceeded any other age group. Their disposable incomes have risen at the same time. This is forecast to grow even further as better understanding of health risks, improved medication and exercise facilities enable the population to live longer.

The need for help with every day activities also increases with age. Most elderly people need help with one or another area of life that we all take for granted.

Another very important feature that has been widely seen is that the elderly now seem to be a lot different from the same age group only 50 years ago. They are much more likely to travel on their own, exercise in the gym & demand greater services from both the business community and the government.

So in this case the first golden rule has been overcome. Profit margins are healthy and the market segment is expanding and forecasted to continue expanding. Spending power is on the rise and forecast to grow further in years to come.
There are many market segments that are forecast to grow so the above example is just one of them. Again there are other segments that have already started declining.

The First Golden Rule states that if you find a niche in a market place that is growing rapidly even a hard working fool can make money. Your accountant can help you analyse any market segment very quickly and easily. Why enter the wrong segment when you are likely to be in that field for at least the next 5 years? Look out for my next golden rule out soon.

Business process outsourcing (BPO) Companies-the Latest Global Business Trend

Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider.

The world of business has dramatically changed and  continues to rapidly change every single day. What we know today can only last for a few months or years, if we are lucky. What we know yesterday might as well be considered a thing of the past tomorrow. That is how fast the business world is changing. So companies all over the globe have to learn to adapt and do it fast.

Before, the business trend is to be a jack-of-all-trades. To be successful, a business has
to have everything a client needs in one roof-a one-stop shop. And companies of olden times try to do just that.

Hire all the kinds of personnel they need for every department in their company. However, that is a thing of the past now. The economic market today requires
specialization. Consumers want to have every product or service tailored to their particular need. Consumers don’t want generic products anymore.

They want special treatment and the best of quality service they can get. So, having everything under a company’s roof does not seem useful anymore. Keeping
all business processes under one roof now proves not only to be costly but impractical as well.

This is because monitoring each and every one of them to ensure the best quality is served and tailored to every client need has become tedious and almost
impossible. Keeping experts in-house is also proved to be expensive in the long run.

The need for specialization and focus on the company’s real core business has spun the trend of hiring Business Process Outsourcing companies, or what is more popularly known as BPO. Business process outsourcing companies have now sprouted and
proliferated in countries where labor cost is not so expensive, such as China, India and the Philippines, and lately, the Middle East.

BPO companies in these countries and region provide services to bigger, more often multi-national, companies that want to focus on their core business processes so they just delegate generic tasks, or processes that are of lesser importance, to outside
provider or supplier of services.

The philosophy of companies these days is to “…do what they do best and outsource the rest.” And it is a very sensible philosophy at that. And more and more
companies are catching on it.

The list of services that are most commonly outsourced include, HR solutions, Accounting and Financial Services, Customer Care Services, Call Centers, IT
Help Desk Services, Marketing tools and solutions, and other nitty-gritty details that most companies want to be free of.

These are necessary business processes-yes, that is true. However, companies now realize that it is more practical to delegate these tasks and focus on sales or production, or whatever their company is all about.

In India and Philippines, more and more BPO companies are establishing business centers in their territories, capitalizing on the affordable workforce cost and the abundant supply of highly-trained trained professionals. The Middle East has also become one of the newest hub for BPO companies for its multi-lingual populace and its strategic location, giving it a favorable time zone. Added attraction for this region is the possibilities for oil investments and business expansion opportunities.

In India, you can find the following successful business process outsourcing companies: Accenture; Convergys; HCL BPO; Genpact; GE India; IBM Daksh; TCS BPO; Transworks; Wipro BPO; and WNS Global Services. Meanwhile, the Philippines’ list of BPO companies includes companies from the United Kingdom, the United States and Japan.