₦airaland Forum

Is PFMO recruitment still active or cancelled...

Has anyone heard anything about the PFMO interview conducted in September?

A lot of potential business owners and successful entrepreneurs most times find it difficult to control the desire to explore new opportunities! It might mean expanding your current line-up of products and services – or starting an entirely new venture – the key to success lies in assessing each business opportunity diligently with care.

When contemplating any new prospect ask yourself whether you have a clear vision of who your target customer will be.

Great business ideas alone are not sufficient to attract clients. Which is why it’s critical to find out who your proposed audience is – or whether one exists in the first place! – before you can decide if an is idea feasible.

With that in mind, the most viable business ideas tend to be those that meet a basic set of criteria:

they revolve around a high-quality product or service

they fix an actual problem that potential customers have

they translate into pricing that’s attractive - or at least reasonable – by the standards of your target market

they offer some sort of advantage you can leverage to stand out from any competitor, and

they involve a scalable idea

Don’t forget that once you’ve initiated a promising business idea, the only way to know for sure if it’s working is to regularly measure its progress. Numbers tell an important story in business, and there are a wide range of measurement tools available to help you gauge how that new opportunity is turning out.

Never Ignore What the Numbers Are Saying
Performance metrics can determine everything from the number of new customers you’re attracting each month, to how those clients are affecting your revenue stream.

Feedback like this is invaluable for minimizing business opportunity risk because it can help you understand when it may be time to:

overhaul your original idea,

switch directions, or

cut your losses and move onto something else

Defining your business objectives - then forecasting what your numbers should look like at various points down the road – lets you assess the success of the challenge you’ve taken on, and whether it’s living up to its potential.

If your business carries inventory, then you need to watch out for RISING INVENTORY LEVELS.Not every business carries inventory. But for any that do, it’s important to recognize that the more money you have tied up in goods, the less cash you have on hand to deal with debt obligations or unexpected expenses.

Inventory levels that consistently rise on your balance sheet should be examined for:

a corresponding increase in product offerings,

products that aren’t selling, and

items that have become obsolete or damaged

A good rule of thumb when investigating your inventory load is to monitor your inventory turnover. One way to accomplish this is by dividing last year’s ending inventory value by this year’s sales figure. If the result is higher than usual, it either means you’re selling less of something or that you’re keeping more inventory than usual on hand.

Watch out for too many miscellaneous expenses.The money flowing out of your business as expenses should be scrutinized carefully, regularly, and in conjunction with the money flowing in as revenue. It’s not uncommon for companies to have small, one-time, or non-operating costs that get lumped together as Other Expenses on their income statements, including:income tax expenses, interest paid on loans, and appreciation or amortization amounts
But you should watch for miscellaneous expense balances that are constantly elevated.
Large, unclassified expenses make it challenging to properly monitor where your money is going and can be a sign that you’re spending too much on items unrelated to the running of your business. Consider seeking advice from an accounting professional to recategorize some of these expenses.

Another key warning sign to look out for in your financials as an Entrepreneur or Business manager is a consistent spike in your receivables on a monthly basis. A balance sheet that’s heavy on the accounts receivable is a double-edged sword. On the one hand, it shows sales are thriving. On the other, it’s an indicator that a large portion of your company’s profits are tied up in unpaid customer invoices.
When you have an accounts receivable balance that consistently climbs, it usually means one (or more) of the following:

Your customer base, number of sales, or average sale value is growing.

Your credit policies are too lax.

Your business isn’t efficiently collecting money owing from clients.

It’s important to figure out which of these situations applies to your business. The biggest problem with letting receivables get out of control is that they don’t truly become revenue until payment has been received. The longer your receivables remain uncollected, the greater the likelihood they’ll become uncollectible and will have to be written off as bad debt.

As an Entrepreneur or Business Manager one of the key things you should watch out for in your business is POOR CASH FLOW HABITS. Is your business profit-rich, but cash-poor? If your financial statements show you’re turning a profit but your bank account indicates otherwise, it might be time to take a closer look at your cash flow. Where is all that revenue on paper actually going?
Some of the most widespread business cash drains include:

unmanageable overhead expenses

unsustainable debt loads, and

uncollected accounts receivable

Some cash flow issues are temporary and are related to seasonal slowdowns or other external factors. Budgeting ahead and learning to adjust your cash outlay during these times can be helpful. But when income is consistently up and cash on hand is down, it can herald a cash crunch to come. Locating the cause and taking steps to correct it is crucial for long-term success.

Your company’s financial reports provide important clues about the monetary health of your business. Some of these clues manifest as financial warning signs. Becoming more familiar with your company’s financial statements not only helps you recognize many red flags, it lets you use them to make decisions that will divert trouble down the road. Here are the common key financial warning signs to watch out for.
▪ Poor Cash Flow Habits
▪ Receivables That Consistently Climb
▪ Too Many Miscellaneous Expenses
▪ Rising Inventory Levels
▪ Income Sourced from Non-Operations
All income is not created equal when it comes to assessing the health of your business. The money you earn from sales and other business operations should be the primary source of income on your income statement. It should also be sufficient to fund your short-term, operational expenses. Dig deeper if the proceeds your business realizes from selling fixed assets or long-term investments have been pushing your non-operating income up year over year. It’s important to ensure that your business hasn’t been inadvertently relying on such income to support its daily spending.
Financial statements provide valuable insight into the liquidity, profitability, and performance of your business, both today and tomorrow. By heeding potential warning signs as they appear, you’ll be better equipped to make the right decisions for your company and avoid the money woes that put many ventures out of business.

Today's Predictions

Lech Poznan - Arka Gdynia 1

Espanyol - Leganes 1

silverluci:
But what about people that aren't related to any of these professional bodies? I thought they also listed that there are vacancies for other non-business related courses.

Pls kindly respond.

Apply for officer II position I.e SL 10 and be hopeful.

Membership of a relevant professional institution such as ICAN, CITN and ANAN is required for salary level 10

Min. 3yrs experience and membership of ANAN with prove of certificate or MSC Taxation is required for SL9

Min 6yrs experience 2yrs at supervisory level and membership of any of ICAN, ACCA, CITN and similar certifications with prove required for SL 8

Provision of 3 referees is a must under general requirements.

Good Luck!!!

I love this car will it go for #1M?

Let us see the picture of the engine compartment now

Guys i need your honest opinion on what true love is in a relationship in terms of communication,caring and conflict resolution.

This are some of the new ways you can make online from your blog even as a Nigerian,enjoy as you read!!!

1) Blog on a Niche. You don't have to be an expert on that Niche. You just need to be passionate about YOUR Blog.

2) Find a topic which have about 4-5 thousand searches using some tool like Overture.

3) Choose a topic which has less competition so that it becomes easier to rank. Check the keyword difficulty using this tool Seochat Keyword Difficulty Checker

4) Learn as much as possible about the topic and update your blog everyday about what you learned, in your own words so that the contents are unique.

5) Every blog post should target a particular search phrase or phrases. Bold the phrases within your content.

When you decide what topic you want to blog about, run the keyword or phrase through the google adwords keyword tool. This tool returns the search volume for the specific keyword and other related keywords. These related keywords can provide a good list of topics to discuss within the post.

6) Start commenting on other blogs, and try to form a bond with those bloggers so that they link to you in their blogroll. You will start getting PageRank. Once you have decent pagerank from the blog links, you can start exchanging links with other relevant websites or blogs to start ranking in SERP. The blog rolls might not help you rank in SERP but they will sure help in getting a PR, which can be used to exchange links with relevant sites and also to sell links for some extra revenue.

7) Start exchanging links with relevant sites. It will easy now since you have a decent PR. Keep exchanging Links. Keep updating these process of commenting on other blogs intelligently, and get new blogroll links.

Also, keep submitting to Directories to build the PR and some SERP. Submit to directories which accepts deep links also. Wherever you get deep links, try to get links to your blog posts. Submit site and posts to social bookmarking sites, especially Stumble, Digg, and Netscape.


9) Be active in forums that are related to your niche. Add your site to your signature and make relevant posts in the forum. This generates a fair amount of traffic for your site and builds relationships with others online in your niche.

10) Once you start earning some Adsense + chitika + kontera + link-ads + maybe tribalfusion + feedburner ads revenues, submit your blog to strong Paid directories like Aviva, Alive, etc etc, with the revenue. Pump back the revenue to your blog. Submit your posts whose targeted key phrases have the most Traffic in the deeplinks in the paid directories,

As long as you continue this money will keep pouring in.Do you know you can gain financial freedom online free without money even as a nigerian, then if you are serious click on this link and sign up free www.mypowermall.com/biz/Home/22246. don't need to buy anything,no selling even a child can do it.CHEERS

please can anyone out there help with information on procto and gamble problem solving test.

i am a graduate of accounting, please does any one out there an idea on how i can put in for cfa exams (certified financial analyst).