Monday, April 20, 2020

When Writing a Resume Focus on What You Have

When Writing a Resume Focus on What You HaveWhen writing a resume, it is important to focus on the skills that you have rather than your qualifications. There are many resumes out there, but if you concentrate on what you have rather than what you lack, you will be more likely to find a job. Skills are what get you the job, rather than qualifications.People who know the skills they need are more likely to land the job. If they do not have skills they are not qualified for, they may not even apply. That is why it is important to focus on skills that you have rather than what you lack. People want to work with people who can teach them new skills. If you know the skills you need to apply for the job, you can make sure that they know the skills that you are already using.When writing a resume, it is important to focus on the skills that you have rather than what you lack. People who know the skills they need are more likely to land the job. If they do not have skills they are not qualif ied for, they may not even apply. That is why it is important to focus on skills that you have rather than what you lack. People want to work with people who can teach them new skills. If you know the skills you need to apply for the job, you can make sure that they know the skills that you are already using.Some people think that qualifications only matter if you are looking for a job. In reality, it does not matter where you want to work, if you have the skills that get you the job. Qualifications are important, but only to the extent that you can put them to use. You cannot get a job if you do not have skills. People want to work with people who can teach them new skills.People who know the different skills they need to apply for the job are more likely to land the job. If they do not have skills they are not qualified for, they may not even apply. That is why it is important to focus on skills that you have rather than what you lack. People want to work with people who can teach them new skills.People want to work with people who can teach them new skills. If you know the skills you need to apply for the job, you can make sure that they know the skills that you are already using. People want to work with people who can teach them new skills.In order to find out what skills you need to apply for the job, it is important to focus on what you have rather than what you lack. Skills are what get you the job, rather than qualifications. If you know the skills you need to apply for the job, you can make sure that they know the skills that you are already using. People want to work with people who can teach them new skills.

Wednesday, April 15, 2020

5 Habits From Billionaire Jeff Bezos That Can Help Anyone Advance Their Career

5 Habits From Billionaire Jeff Bezos That Can Help Anyone Advance Their Career The year Jeff Bezos founded Amazon, Barnes and Noble was the nation’s dominant bookseller, opening new stores on a frequent basis. Amazon set its sights on becoming the world’s largest bookseller via a new e-commerce model â€" and thirteen years later, Jeff Bezos is reported to be worth $100 billion. Bezos was able to turn Amazon into a roaring success because he created an organization with strong company values â€" here are some of the approaches he took to become a success and help Amazon dominate the retail industry. 1. He puts customers at the center. During an interview with 60 Minutes, Jeff Bezos was asked why he was willing to sacrifice company profits, and by extension shareholder satisfaction, in order to focus on making Amazon increasingly customer-centric. He said, “In the long run, if you take care of customers, that is taking care of shareholders.” Unlike most organizations, Amazon ignored cries from investors to become profitable right away, and instead invested in customer-centric improvements that helped the company become one of the most valuable on the planet in the long run. In 2014 for example, Amazon’s shares took a 10 percent hit after an earnings report showed the company was not profitable. But rather than listen to naysayers, Amazon instead invested more money in building additional fulfillment centers that would allow for faster delivery. Since 2014, Amazon’s stock has increased roughly 285 percent. 2. He puts a focus on innovation. How many ecommerce websites invest millions of dollars into a secretive skunkworks organization designed to develop moonshot projects? The answer is not many. But Amazon developed Lab126 to do exactly that. Lab126 has developed a number of category defining products. From the Kindle to the Echo, the ecommerce giant uses innovation to improve customer experience and to break into new markets. Amazon Web Services (AWS) is another example of Amazon’s intense focus on innovation. AWS provides the backbone for over 100,000 companies and government agencies including Netflix and the CIA. Soon, Amazon will roll out another innovation designed to improve customer experience while lowering costs: Drone delivery. Autonomous Octocopters are expected to launch as soon as 2019. Customers will be able to receive a delivery for items up to 5 pounds â€" which constitutes 86 percent of Amazon’s items â€" in 30 minutes. 3. He hires rigorously Bezos is a believer in technological innovation, and as a result, he encourages his company to hire only the best and most creative minds. Amazon’s hiring process is notoriously rigorous. This ensures that each new employee is capable of advancing the company’s mission of developing disruptive products and services that improve customer experience. As Mr. Bezos wrote in his 1998 letter to shareholders, “Setting the bar high in our approach to hiring has been, and will be, the single most important element of Amazon.com’scess.” 4. He spends money on the right things. During a 1999 interview, Bob Simon questioned Jeff Bezos about his desk. It was a door with four rickety wooden legs bolted and taped together. Bezos responded that the desk “[was] a symbol of spending money on things that matter to customers and not spending money on things that don’t.” Cost reduction remains an important component of Amazon’s company culture. In fact, employees who are able to identify areas of major savings are awarded the “Door Desk Award,” which is given in recognition of innovative cost savings that will allow Amazon to offer customers more competitive prices as a result. 5. He has an unyielding work ethic. Jeff Bezos understands that Amazon is fighting an existential battle each and every day. In an interview previously cited he said, “companies have short lifespans and Amazon will be disrupted someday.” Bezos has created a company that prizes work ethic. In fact, the company culture has received mixed reviews because of how hard many employees are asked to work. For some workers, expectations were unreasonable, for others, the high-pressure environment encouraged them to do their best. By developing a company culture that prizes innovative minds who are willing to work long hours to tackle challenging problems, Amazon is more capable of fending off disruption by competitors. It’s a company culture that prizes intelligence, customer satisfaction, and hard work. This has propelled Amazon to become a goliath in the mere twenty-three years since it was founded in a modest ranch home in 1994. This article originally appeared on BusinessInsider.com.

Friday, April 10, 2020

The Financial Section of a Business Plan

The Financial Section of a Business Plan Learning how to manage your finances effectively is an important part of running a business. / Credit: Financial chart image via Shutterstock As a new business owner, one of the first steps you will take in launching your new business is creating a business plan. This not only will it set your business up for future success, but if you are looking for funding, having a solid business plan helps investors and lenders see your vision as clearly as you do. Jennifer Spaziano, vice president of business development at Accion emphasizes the importance of the financial portion of your plan. This section is crucial if youre presenting your plan to potential lenders or investors, but its also important if youre using it in-house as a roadmap to get started and continue to grow. She added that while you may have the best idea in the world for a business, it may need tweaking, but you wont know until you sit down and work up the numbers. [Read related story: 8 Simple Business Plan Templates for Entrepreneurs] Tips for writing the financial section If youve never written a financial section of a business plan, or a business plan at all for that matter, these tips are helpful. In addition to the tips below, you can find business plan templates on a number of websites where you can fill in your business information and download your complete plan. Here are four tips Spaziano suggested: Follow generally accepted accounting principles (GAAP). As a rule, the financial part of your plan should follow these as set by the Federal Accounting Standards Advisory Board, especially if youre putting it together primarily to get a loan or a line of credit. Get fluent in spreadsheets. Spreadsheets are the best and most accepted way to present financial information. Seek outside assistance. Getting advice from your financial planner or accountant can help you put the numbers together and present them properly. If you use an accountant and your financial statements have been audited, note that in the plan. Look up templates. If you want to attempt writing the financial section on your own, there are resources out there. SCORE, the Service Corps of Retired Executives, as well as many other sites, have templates available. The necessary information Each section of a business plan has its own set of required pertinent information, and the financial section is no different. There are two parts to the financial component of a business plan: historical data and prospective data, according to Spaziano. If youre a startup, you obviously wont have any previous financial information for the company, so many lenders will want to see your personal financial information in lieu of, or in addition to, your business financials. Historical data includes items like your balance sheet, cash flow statements, tax returns, and capital, while prospective data includes details like a projected income statement that will help lenders and investors understand how you want to invest their money. Speaking of details, how much do you need? As with any professional venture, attention to detail can be the difference between extreme success and failure. Finances are the backbone of a business, so when writing the financial section of your business plan, its important to be thorough. Be very careful to make sure that your projections match the numbers you put together for the funding request portion of the plan. At best, any inconsistencies here could delay consideration of your application, and at worst, could be a signal that youre not as on top of things as you should be, disqualifying you altogether, said Spaziano. Aside from your business information, as noted above, more than likely youll be asked about your personal finances. Spaziano suggested making that part of your business plan and including your credit history or a copy of a recent credit card statement or credit score report, along with copies of your tax returns and other financial information a lender may request. Put yourself in the shoes of the potential investor. Think about the information you would want as well as the particular aspects of the borrowers finances you would want to be in order before investing your money in a business. The financial section of a business plan is meant to accompany your funding request. Its where you support the numbers you put together in your sales and marketing plan and demonstrate why youre a good investment, Spaziano said. In this section, youll take all the marketing, sales and product information youve amassed and show [it] translates into dollars. Sharpen your pencil and get your spreadsheet on. Jennifer Post Jennifer Post graduated from Rowan University in 2012 with a Bachelor's Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily and Business.com. When she's not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time. 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