The Biz Blog

As a whole, business has different fields that connect back to each other in many ways.  Although respective business fields do have differences, they all connect in common practices or concepts of business. All business-related fields hold certain general aspects such as profit margins, debit and credit, and most importantly, money. In companies, fields such as accounting, statistics, and finance all hold separate positions, but they do have some interaction. In addition, a lot of business related jobs work in tandem with each other and rely upon the other. Our fields hold certain differences, but they are all connected by the concepts and practices that bind businesses together. Statistics is one of the business fields that contribute immensely to the optimal performance of a company. It involves the analysis of data on various aspects of the business operations to derive useful information that can be used to make actionable plans as well as predictions. Departments such as...

Statistics is one of the business fields that contribute immensely to the optimal performance of a company. It involves the analysis of data on various aspects of the business operations to derive useful information that can be used to make actionable plans as well as predictions. Departments such as finance, accounting, production, as well as marketing apply statistics in their operations to make accurate predictions on the various aspects of business performance on a daily basis. Statistics is particularly useful in employee performance management.  A manager can apply statistical analytical methods on statistical data collected about the performance of the employees in a given business organization to identify mechanisms that can be used to optimize employee performance and achieve maximum productivity. Additionally, statistics play a critical role in managerial decision making. Through statistical analysis, a manager can compare various investment options under consideration...

I recall that I have spent a summer helping out at a coffee shop when I was younger. The coffee shop was located at a city famous for tourism and sight seeing spots. When I chatted with the owner, he told me about difference in profit due to season change, climate change, new trending, and many other possible elements. I learnt during this hands-on experience that having a business requires such broad knowledge in many subjects within the field of business, such as business analytical skills and profit prediction experiences. After this experience, I was determined to acquire as much as knowledge I can as a business major.             The owner of the coffee shop told me about the major difficulties he had encountered before. He told me that once a movie was filmed by a local sight seeing spot, which brought the town, including his coffee shop, unimaginable profit. He had failed to purchase enough supplies, so he was forced to...

One hand on experience of business I had was on the field of sales and marketing. I got the opportunity from the Entrepreneurship Club at school. There was an event during Halloween for the small businesses in town, and the students, including me, opened stands at the town fair to sell the products of the shops in town. I represented a craft shop and sold handmade soap for them. Single handedly, my three-person team was in charge of both marketing and selling the soaps. This hands-on experience was unforgettable because it was the first time for me to use my knowledge in business. I learnt that graduating with good grades as a business major means different from being skilled at doing business. When I put the marketing knowledge in action in the real world, I found out that it seemed so much easier on the books and a lot harder in action. It is true to say that the books leave out a determining element, people. People’s actions and thoughts are unpredictive and various. So, it require...

With all the controversy surrounding climate change, auto companies are becoming more and more environmentally friendly. Making cars with the best gas milage or even cars that run without gas has been a trend over the past few years. This is all in an effort to reduce emissions and make our environment more healthy. It is important to be the leading company pushing the boundaries in a field like this. You always must be One of the the leading environmentally friends car companies right now is called Tesla Motors. Telsa Motors is a company owned by billionaire Elon Musk. Tesla makes luxury, electric cars that have been gaining popularity over the past few years. The motor company recently revealed its newest automobile; an electric semi truck. The truck has a range of 400 miles after just a 30 minute charge. This a a breakthrough that will allow truck drivers to make the switch from their gas guzzling semi trucks to an clean, electric alternative. On top of being electric, the truck...

When picking a job, it is important you choose an employer that treats its employees well. Companies that have happy employees are more efficient because they have an incentive to work. Coming out of college, you want to be hired by a company that has good benefits for its employees. The top 10 best companies to work for in 2017 all also have plans for ambitious expansion. These companies need a lot of new employees so to get people to want to work for them they just treat their employees well. The top 10 best companies to work for are all large, well-known companies. The top 10 best places to work is full of companies that are large and are currently hiring more and people. The top 10 includes companies like Apple, Google, Nike, Facebook, and Southwest Airlines. These are all large, successful companies which shows that maybe theres a correlation between a company's success and the way they treat their employees. The number one best company to work for in 2017 is Salesforce. Posi...

Before you graduate college and earn your degree, one of the best ways to gain experience in your field of work is by getting an internship. Coming out of college, companies are looking to hire the people with the most experience. Working an internship is something that would give you an advantage over someone else who wants the same job. But as a student, where do you go if you're looking for an internship? Every internship will vary with competitiveness and required experience depending on what the position is. Even though every internship is different, a good place to start a search is your school's Career Services or Internships Programs offices. Here advisors can point you in the right direction and give you applications based on the career you're interested in. Also, a lot of people get internships based on their connections. They know someone or can get in touch with someone who gets them the internship. Your network is an important tool you can use to get an inter...

I interviewed my dad a small business owner from my home town. He co-owns a small auto part business with my grandfather that they started up when he finished college. His business is similar to other small businesses, but also different. With his company being the size that it is he does not do a lot of writing. He communicates with his customers, suppliers, and co-workers, through emails, communication on the phone, mail, or via text message. He will send out invoices, and statements either electronically, or through the mail. Communication with his co-workers is done through, email, phone calls, or over text message. Formality is used for customers and suppliers while a more open form of communication is used for co-workers. My dad does not write pieces to be published, but he does write up statements and invoices, as well as letters. For customers that he is working on recruiting, and customers that owe the company money. This is different than other businesses, because he is n...

The Workplace Surveillance and Privacy Issue                A large controversy in the field of business is the workplace surveillance and workplace privacy conflict. This controversy was aroused because with the current technology, surveillance tools, such as cameras and phone call recorders, are often used in workplaces for various purposes. This situation causes many people to concern about workplace privacy and the necessity of workplace surveillance.             Many people support the use of surveillance devices used in workplaces, because they deem that there are necessary importance for these uses. Surveillance in companies and workplaces is often used for two kinds of reasons. Firstly, the executive managers in companies can put an eye on their workers and employees, to see if anyone is using their time at work to do other irreverent things. ...

The Executive Compensation Controversy One of a biggest controversy in my field, the field of business, is on executive compensation. This issue is mainly about the large difference in compensations to executive positions and common workers. To look at this issue in the superficial way, when the office position is high and executive, such as the manager position and the CEO position, it is natural for them to receive more salary and more compensations than the common workers in the company. However, there are more aspects to this issue, which creates a controversy in the field. The two counterparts on this issue each support one of the two sides, supporting high compensations for executive positions or disagree with exceptionally high compensations for executive positions.             The facts about executive compensation are important for understanding this issue.  “According to the business news magazine  The Ec...

              http://www.dailymail.co.uk/news/article-4241888/Fascinating-pictures-life-1890s-Constantinople.html                An accounting firm is an entity that employs many accountants who perform accounting services.  Accounting firms exist in all the fields of accounting such as tax accounting, public accounting, bookkeeping, forensic accounting, and many others.   The biggest and most profitable accounting firms are in the field of public accounting.  The biggest four firms, the big 4, are Deloitte, PwC, EY, and KPMG.  These four firms in the sector of public accounting make billions of dollars of revenue and contribute a lot to the global economy.  Overall, accounting firms are very important and provide many accounting related services.                  Accounting firms are very sign...

Smart Money Habits   Whether you are a big corporation or a regular household, there are smarter money habits to put to work that will benefit you in the short and long run.   To start off, one of the best money habits someone can have is something I have mentioned in my blog posts before, keep track of what you spend every day. When you write down your spending and then look at them at the end of the month, you will be amazed at the places you realized you could save your money. It can easily be forgotten where you are spending money when you just swipe a card, this way you can see as a whole where your money is going and where you can save money.   Another change you can make for spending habits is to implement the 48 hour rule for purchases. This has happened to everybody, we buy something, then come to realize we don't need it and the purchase was a complete impulse by. The way to avoid these regretful purchases is to wait 48 hours before you decide if ...

Owners of large businesses and corporations in America have a great deal of money and power, giving them influence over others. A lot of these individuals use their power and excess of money to help people. The influence the owner and company have can also be used to accomplish great things. Businesses like Walmart, Wells Fargo, Nike, ExxonMobil, and Microsoft are all companies have a lot of money, power, and influence. These companies also happen to be some of the most generous companies in the world, all donating $100+ million to charity every year. These donations went to a number of different organizations and causes but all the money is intended to make life better for everyone. Major companies and the people that run them are extremely important to the whole country. Dan Gilbert is an American businessman from Detroit who attended Michigan State University. He is founder of Quicken Loans, owner of the Cleveland Cavaliers, and is worth $6 billion (Forbes, 2017). Quicken Loans i...

To better handle your money, it is a great idea to monitor your cash flow, which is the total money coming in and out, especially the liquid assets. Better management of cash flow can prevent issues for payments in your personal life, as well as help grow and smartly operate a business.   The first steps to improving your cash flow management is understanding the components of it. Each month, you have cash inflows and cash outflows, the goal of better managing your cash flow is increasing your inflows (income and other forms of positive returns) and lowering your cash outflows (fixed and variable expenses like rent, utilities, car payments, and groceries).   When you first put together your cash outflows, you have to find ways in which you can get yourself with a positive amount of money at the end of the month, going into the red each month will make it harder to pay off your bills each month and send you further into debt. So the first step is to see where you...

With Thanksgiving coming up, I started thinking about all the delicious food, the incredible football games, spending time with family, and Black Friday shopping. Well what is Black Friday? When did it gain its importance, and what brought on the term “Black Friday.” Black Friday is “the day after Thanksgiving, one of the busiest shopping days because of discounts offered by retailers.” Now there is not just Black Friday, but also Cyber Monday. With Cyber Monday becoming more popular, there has been a decrease in participants on Black Friday. According to The Insider, in 2015 there were 102 million people, compared to 2012 when there was 147 million people out shopping. Black Friday Timeline 1924- The first advertisements for post thanksgiving day shopping was first seen at the annual Macy’s day parade. 1930s- The day after Thanksgiving is a popular shopping day, but slowed down during the Great Depression. 1960s- The term “Black Friday” originated in Philadelphia, Pennsylva...

               https://www.insidersabroad.com/france/regions/haute-normandie The term bookkeeper is often used synonymously with the term accountant, but they are two separate vocations that have differences and similarities.  A bookkeeper records basic financial transactions and maintains the books of an entity such as a company.  In contrast to bookkeepers, accountants will take this basic information and then comprise things such as a financial statement.   Bookkeeping and accounting are both similar in that they both record financial transactions.     Overall, bookkeeping and accounting have similarities and differences, but they are two different jobs.                   Bookkeeping is the process in which a bookkeeper cares for the books and records basic financial transactions.  Accounting is the process of using ba...