4 Matching Annotations
  1. Aug 2025
    1. Wolfe says companies that demonstrate empathy and work diligently to provide personal time for all employees tend to take the top spots on the work-life balance list. “Comments

      Regardless of your position held with your employer, employees should be allowed to seek time off without any issues prohibiting them to do so. Now, bear in mind if they are in Finance or Accounting the middle of the month is typically ideal when considering month end closures. That would indeed be the understanding within this field of work- similar to that of a Tax Accountant during tax season. Work-life balance is just as important as adhering to your employer's deadlines.

    2. However, the external environmental conditions that affect a business are generally beyond the control of management and change constantly. To compete successfully, business owners and managers must continuously study the environment and adapt their businesses accordingly.

      When I worked for a manufacturing company at the height of COVID-we as small company were forced to pivot. This company sold dog kennels which by no means made us "essential workers." However we did have connections with our manufacturer in China...thus creating the new business endeavor as a result of the pandemic. The small business decided to purchase medical masks (N95) at wholesale and resale them on our website at a reduced rate if purchased in bulk.This allowed the company to stay open for another year prior to its inevitable closure. Had we not decided to complete, our doors would've closed a lot sooner than a year that was prolonged.

    3. Fischer believes sharing information about the company’s performance (good or bad) not only allows employees to feel part of the operation, but also empowers them to embrace change or suggest ideas that could help the business expand and flourish.

      The owner of this company is completely transparent. Transparency is vital although not always given in either a corporation nor a small business. With this information considered, certain exceptions for Senior level managers and other decision makers will want an increase in pay or annual / quarterly bonus. Whereas in retrospect, this could also mean company wide layoffs if the financials are seen in the red. Both situations are crucial when sharing financial reporting. (unless these companies are publicly traded- financials are typically only shared with decision makers and those composed of the finance department).

    4. Revenue is the money a company receives by providing services or selling goods to customers.

      Revenue is recognized when a product is delivered. Sales are apart of revenue-sales are one of the primary contributors to total revenue.