Friday, November 29, 2019

Want A Successful Job Interview Take a Drive.

Want A Successful Job Interview Take a Drive.Want A Successful Job Interview Take a Drive.Its almost here Your long-awaited job interview is mere days away and youre super excited- and a bit nervous. Your interview outfit is pressed, youve printed out your carefully crafted resume on pretty parchment paper, and you have Altoids at the ready. But if you really want to ensure a successful job interview, get in your car and take a drive.Think about it. How many times have you driven to a job interview only to get held up in traffic, or worse, get lost? Jittery nerves can cause you to miss an exit or even write down the wrong address and go to an entirely different building.And hiring managers do not look kindly upon job candidates who show up late, frazzled, and sweaty. After all, job interviews are often scheduled in back-to-back 10- to 15-minute increments. Being even five minutes late can annoy your interviewer- and subsequently put your resume at the bottom of the pile.Thats why its a good idea to drive to the location a day or two before your interview. Not only will you find out if theres unexpected construction (and delays) on the expressway, but youll be able to gauge how long its really going to take to get to your appointment. Youll discover which is the correct entrance to the building and where the parking garage is located.That way, on the day of your interview, youll know exactly where youre headed- to land your next job.Readers, how do you prep for job interviews? Do you drive there ahead of time to make sure you know where youre going? Let us know in the comments section below

Monday, November 25, 2019

Knowledge isnt power. Heres what is.

Knowledge isnt power. Heres what is.Knowledge isnt power. Heres what is.Never in the history of mankind have humans enjoyed such an abundance of knowledgethan in todays digital age.Since the emergence of the internet, we have had unprecedented access to thousands of years worth of information, at the tip of our fingers.We are spoilt for choice of self-help books, podcasts, articles, videos, courses, seminars and much more.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreTheres a widespread belief that knowledge is power the more information we consume, the greater the odds of success in our endeavors.But has this abundance of knowledge made us better off than before? Since we all have access to a similar knowledge base, why do so few people enjoy success?It would appear that the major difference between people who live a rich, fulfilling life and those who dont, isnt knowledge. Its something muc h more powerful.Its wisdom.The Key Differences Between Knowledge and WisdomThe saddest aspect of life right now is that science gathers knowledge faster than society gathers wisdom.? Isaac AsimovWe often mistake knowledge for wisdom and wisdom for knowledge.Knowledge is potential power- like a paintbrush in your hands. Its the accumulation of information and facts through reading or dialogue.Conversely, wisdom is applied knowledge- knowing exactly how to use the paintbrush to create a desired image. Its the synthesis of experience with knowledge to derive truths that linger for the rest of your life.Knowledge isgivenand easily accessible, even to the foolish person. But wisdom isearnedthrough learning from mistakes in the real world.One can gain knowledge, but one does not seek wisdom- it emerges when least expected.Knowledge paves the path for wisdom, but wisdom is the doorway that reveals truths in the external world that already reside in the internal one.Knowledge is proud that he has learned so much, wisdom is humble that he knows no more.1Knowledge is the tool. But wisdom is the treasure.Knowledge is only useful in the face of certainty. Wisdom is always useful both in times of certainty and uncertainty.These are some of the key distinctions that highlight the superiority of wisdom over knowledge.The question then is How do we discover the treasure of wisdom from the sea of knowledge out there?The Age of Knowledge ObesityReading furnishes the mind only with materials of knowledge it is thinking that makes what we read ours.? John LockeThe two Greek words philo and sophia from which the word philosophy is derived, literally meanslove of wisdom.No other society in history has embodied this love of wisdom anymore than the Ancient Greeks, whose favorite pastime involved sharing knowledge and engaging in intellectual discourse.The Ancient Greeks believed that the body and mind were inseparable a fit body attached to an unfit mind was rendered useless.It is no surprise then that the Ancient Greeks gave birth to the greatest thinkers of all-time including Socrates, Plato and Aristotle.Their wisdom brought us the alphabet, democracy, science and mathematics, philosophy, the jury, schools, and much more.But much like today, the Ancient Greeks were exposed to an abundance of information and knowledge.So, how did they sift through the noise of knowledge to extract the wisdom that transformed the world?According to the Ancient Chinese philosopher, Confucius, this can be broken down into three simple stepsBy three methods we may learn wisdomFirst, by reflection, which is noblestSecond, by imitation, which is easiestand third by experience, which is the bitterest.Whilst this may seem straightforward, its shocking that modern society is yet to take the first step ofreflection.Were on a rat race to get things done as fast as possible, so we make no time for much-neededsolitude.Were quick to buy the fruchtwein popular books on the The New York Time s Best Seller list, yet we fail to reflect on the knowledge weve consumed- or worse, we dont even read it, leave the books to collect dust on our shelves and show off our unread book collections to others.Theres much talk in the media about physical obesity caused by excessive food consumption. But what about mental obesity caused by excessive information consumption?Just like fast food, consuming self-help information can be extremely addictive, as we hope to someday discover the magical bullet to solve all of our problems.Like an addict, we hop from one source of information to another, never satisfied with what weve consumed.The irony is that our over-consumption of information has led to the inverse of what we had expected instead of being inspired to take action, were paralyzed and overwhelmed.Beneath the surface, our manic search for knowledge is an excuse to procrastinate and hide behind our fears- we know a lot, but have little to show for it.Nowadays, any Tom, Dick, and Har ry can claim to be an expert and share their opinions on any topic, with little experience.Meanwhile, so-called experts with decades of experience, know-it-all but lack wisdom. In fact, they are the mostsusceptible to making the worst decisions and predictions.If an overweight person wishes to shed excess fat and get in shape, they exert their body through exercise.In a similar fashion, if we wish to shed excess knowledge and gain wisdom, we need to exert our mind, through deep reflection.Humility Is the Key to WisdomWhen pride comes, then comes disgrace, but with humility comes wisdom.- King Solomon, Proverbs 112.Knowledge isnt power, its the potential of power. And that power is wisdom.Through reflection, action, and experience, we can tap into our inner wisdom. But this isnt possible without one key ingredient humility.Without humility, its impossible to gain wisdom. As the Ancient Greek philosopher, Socrates said The only true wisdom is in knowing you know nothing.Alongside wis dom, humility opens our minds tonew ways of thinkingthat help us makeoptimal decisions.In todays noisy world, it has become extremely difficult to decide whos advice to listen to and who to ignore. Youd be hard-pressed to find a wise person, as their voices are drowned by the noise.When in doubt, tune your ears to the voice of the humble person.Because not all knowledgeable people are wise. But all wise people are knowledgeableandhumble.This article first appeared on Mayooshin.com.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

Thursday, November 21, 2019

Double-Entry Bookkeeping vs. Single-Entry Accounting

Double-Entry Bookkeeping vs. Single-Entry AccountingDouble-Entry Bookkeeping vs. Single-Entry AccountingIf you run a geschftlicher umgang either you should have an understanding of basic bookkeeping or you will need to hire someone who does.There are two main types of accounting methods to consider and choosing which one is right for your business is not that hard, but that does not mean learning to master bookkeeping is a breeze. Accounting for a Sole Proprietorship If you are a solopreneur running operating as a sole proprietorship, the single account method will probably be fine for your accounting needs and certainly a lot easier to learn. There are advantages to the double-entry accounting method, however, that should be considered. A double-entry system increases accountability an important factor if you have investors. The double-entry method also allows you to more easily prepare financial statements.Most accounting software programs (Quicken, Quickbooks, etc.) use the d ouble-entry method.? If you do need to use the double-entry method and are not familiar with accounting, consider hiring a virtual bookkeeper, an accountant, or purchase small business accounting software. Below are explanations of both types of entry methods as well as a brief overview of financial statements. It is important to keep accurate records for your own planning and budgeting purposes, but also to provide reports to investors, banks, and of course, the tax man. Double-Entry Bookkeeping Double-entry bookkeeping is an accounting method to balance a business books. For every journal entry credit (recorded under the companys equity side), there is an equal journal entry debit (recorded under the companys assets side.) All credit and debit entries are categorized using a Chart of Accounts. Purpose of Double-Entry Bookkeeping The purpose and goal of double-entry bookkeeping are to enter financial transaction records so that when financial statements and reports are run, the companys assets are equal to its liabilities plus owners equity (net worth). This formula is expressed in accounting terms as Assets Liabilities Owners Equity (Net Worth) Making Entries Using the Double-Entry Accounting In the double-entry accounting method every journal entry transaction is recorded in the journal once, but affects two different accounts (using a Chart of Accounts) The first entry shows a change in the assets side - the debit entry.The second entry shows a change on the equities side - the credit entry. The double-entry method can be very confusing at first but when entries are properly recorded the account books will balance because the total of all credit entries will be equal to the total of debit entries. The double-entry accounting method is used by fruchtwein businesses throughout the world. However, some businesses that have strictly cash transactions may use the single entry bookkeeping method instead. The single bookkeeping method records entrie s once and is an accounting method much like theway people record checks and deposits in a checking account register. The double-entry accounting method is used by most businesses throughout the world. However, some businesses that have strictly cash transactions may use the single-entry accounting method of bookkeeping instead. The single-entry bookkeeping method records entries once and does not balance the transaction out by recording an opposing credit or debit. Single-entry accounting is simple and easy to master. It works like the accounting method people use to reconcile their checkbooks Checks are recorded and deposits in a checking account register. For a business, income is recorded (once) and expenses are recorded (once) and the business books are balanced just like a checking account. The double-entry method can be very confusing at first and often requires a knowledge of accounting practices. But when entries are properly recorded the account books will balance because the total of all credit entries will be equal to the total of debit entries. Financial Statements Financial statements are reports that show how income and expenses have affected the company as a whole. They provide a snapshot of the current financial standing of the business. There are many types of financial reports, but the three basic, essential financial statements are Balance Sheet Summarizes the assets, liabilities, and net worth (owners equity) of a business on a particular date.Income Statement (Also called Profit and Loss Statement.) An accounting statement that shows the profit or loss for a business, by subtracting costs from its earnings, over a specific period of time, typically for a quarter or year.Cash Flow Statement An accounting statement that forecasts cash receipts and disbursements for a specified period.