According to the International Monetary Fund, foreign direct investment, commonly known as FDI, “… refers to an investment made to acquire lasting or long-term interest in enterprises operating outside of the economy of the investor.” The investment is direct because the investor, which could be a foreign person, company or group of entities, is seeking to control, manage, or have significant influence over the foreign enterprise. Read More
Whether you’re in the business of selling widgets, providing cleaning services, tending to animals, or manufacturing industrial equipment, your business operates under the same basic principles of modern accounting. These principles are generally accepted practices of accounting, which became commonplace in the 1800’s, though the original concepts are as old as ancient Mesopotamia.
The world of accounting took great strides with the treatise of bookkeeping, published by Luca Pacioli in 1494 within a book entitled, Summa de Arithmetica, Geometria, Proportioni et Proportionalita. These five basic principles form the foundation of modern accounting practices. Read More
Employee benefits typically refers to retirement plans, health life insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc. Benefits are increasingly expensive for businesses to provide to employees, so the range and options of benefits are changing rapidly to include, for example, flexible benefit plans.
Benefits are forms of value, other than payment, that are provided to the employee in return for their contribution to the organization, that is, for doing their job. Some benefits, such as unemployment and worker’s compensation, are federally required. (Worker’s compensation is really a worker’s right, rather than a benefit.) Read More
Whether your organization is a for-profit or nonprofit, you have to address certain considerations and make certain decisions if you set out to intentionally expand — or grow — your organization, products and/or services. You can grow your organization, products and/or services just by managing them well, for example, by having very good products and services that are sold with strong sales and customer service. However, this topic in the Library is for those with an explicit goal to intentionally grow the organization, product or service. Read More