Month: November 2019

Modular Offices Basics

Modular offices can be leased or bought outright. The cost varies depending on the style and size of the unit and the length of the lease, if applicable. The array of combinations in modular offices that you can have is vast. You can combine open plan office space with toilets, showers, kitchen units, locker space and much more. That is the real beauty of modular offices – you can mix and match to suit your needs exactly.

Building regulations in many countries can prohibit the erection of a brick-built construction, but modular offices are permitted. That is why increasingly greater numbers of premises are actually comprised of modular offices even if they are intended to be permanent fixtures. The loophole exists because modular offices can be moved if necessary. Any one unit can be hoisted onto a low-loader truck and moved on the road. Therefore planning permission for the installation of a modular office is likely to be granted far more easily than for a more permanent structure.

Toilet units are the most common type of modular office that most people have seen. These are used at outdoor events such as music festivals or air shows, for example. The unit … Read the rest


Maximize Retirement

Depending on the organization where you work, your department may organize a farewell function. There may be a lot of speeches from both friends and even from the “non-friends” pronouncing best wished for your future. You accept all the compliments as well as the plaque from HR with grace and gratitude.

As you make your way home after the function, you experience a series of mixed emotions that range from sadness, joy, uncertainty, fear etc. Your mind wanders off to tomorrow, then to the next week and the next month. How are you going to fill that void? For 30 years you have gotten up and prepared yourself for work, drive to your workplace, perform your duties, socialize with your friends at break and most days felt a sense of fulfillment. How are you going to fill that gap? You know that you still have a lot to offer, and would prefer to continue working.

Then you create a false sense of satisfaction by drawing up a list of projects that need to get done around the home. That “honey do list” that you have been postponing until you find the time. Notwithstanding this you still feel that vacuum, because … Read the rest


Wealth Creation Formula

Income is King

The most important step in the Wealth Creation Formula is creating income. Income is King and without income, you will fail financially. It’s that simple. How important is income? There are countless stories of professional athletes who have become broke, filing bankruptcies, and working regular jobs after retirement. Of course, their bad spending habits, bad investments, and poor money management have led to their financial downfall.

But the one key that most people miss is that once those professional athletes retire they do not produce those million dollar checks anymore. Their professional careers are over and they stop producing that income. Regardless. if they lived a lush lifestyle if they still had that big payday they would be OK.

Once the income especially those million dollar contracts dry up they are in trouble. They still have to produce income after their careers are over. According to Sports Illustrated, after only 2 years of retirement, 78 percent of NFL players were either broke or struggling financially. Within 5 years of retirement, 60 percent of NBA players are broke. When you have expenses and no income to match it the only result is going broke.

Start Where You Are

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Start a Bookkeeping Business

Most business owners are looking for improvements in any processes and procedures. If you can identify areas where there are duplicate processes or can fine tune the systems to improve efficiency, your role suddenly becomes an improvement to the bottom line, not just an expense incurred for compliance.

Another area of expertise may be in the area of risk analysis and internal control. Highly experienced bookkeepers understand the importance of financial controls, segregation of duties and best practices. This also allows the bookkeeper to improve the value provided to the client by identifying risks in the organisation and improving ways to minimise the risk to the business. If you can save the business owner from a fine, penalty or even an audit due to lack of compliance with legislation, you are a valuable asset to the business.

Payroll is often a requirement for a bookkeeper to perform. This however can be expanded beyond the payroll generation and compliance with associated items such as work cover, superannuation,payroll tax and tax. You may have deeper experience in human resources or staff management. Depending on the requirements of the client and the business size, there may be opportunities to offer additional HR type … Read the rest


Lean Manufacturing Techniques

You might argue that you already do it, but have you paid enough attention towards the implementation stages at the micro level. Are they functioning best to the capacity? Are there any wastes created as a part of the overall functioning? If the answer is affirmative and you think you can ignore it than think again.

Wastes might seem a byproduct with minimal impact, but you would be amazed tom know that this factor if catered to can lead to huge differences.

  1. So just start by realizing that the waste in the system must be identified and eliminated.
  2. Once the realization stage has been tackled with, identify the key causes of such waste.
  3. But of course, before eliminating the apparent causes, would you not like to understand the principle factors behind such waste generation. So, in the third stage pinpoint the key factors.
  4. Eliminate them, that is how they deserve to be treated and towards this goal, it is best to treat the various departments as one.

The stages are clear, methodology in place but how do I go about bringing these stages into practice? It is easy, just deploy the Lean Manufacturing Techniques and see them work for you. … Read the rest