Presenting Financial Figures

Numbers are essential tools used in the decision-making process in a company. Effective management entails the proper use of financial figures. But a lot of people have a fear of numbers stemming from unpleasant experiences with them during their school years. In order to understand and use numbers fear must be overcome first. Understanding will then follow; you will know what numbers can tell and what they can not tell. You will know when it is appropriate to use them and when it is not. You will come to know their limitations. Only at this time will figures become a useful tool for making decisions and enhancing the quality of decisions.

Decision-making in a company usually involves presenting financial figures to several managers, not all of whom have backgrounds in finance. The objectives of presenting financial figures to them are to educate and inform them of the financial performance of the company and convince them of future trends that must be considered in order to give direction to the company. This means that the presentation must be clear and comprehensible to the audience. It is not enough to print out financial statements, hand them out and discuss them line by line. This will not accomplish understanding and clarity. Doing away almost completely with figures and financial terms and steering away from technical discussions is tempting because it may seem easier and simpler, but neither will it achieve the goals of educating, informing and convincing the audience.

A better approach to presenting financial figures is to try to level the financial understanding of the attendees. He should put himself in their shoes and think of ways to incorporate financial terms and figures in his presentation in an easily understandable manner, explaining along the way the terms that can not be replaced with layman’s terms.

To prepare for the challenge of presenting financial figures, the presenter must first select the most critical numbers, making sure that all assumptions or basis for each are explained. Decide also which financial terms and concepts are needed for the presentation and how these terms can be explained in layman’s terms.

It is a good idea to develop an outline of your presentation showing the objectives, critical financial concepts or principles and critical figures. This will serve as a guide for the flow of your presentation.

The presentation should start with an explanation of the objectives. Tell the audience what you wish to accomplish and give them a summary of the discussion points. Establish clearly the importance of understanding the critical concepts that you are including in your presentation. Tell the audience why they need to understand the concepts. To explain the concepts, you can relate them to some familiar and ordinary situations. Analogies can be used as a tool to accomplish this. To maintain your audience’s attention throughout the presentation, keep referring back to your familiar and ordinary situations that you used as examples so that your audience can keep up with the story that you are trying to tell. Take short breaks to let the audience absorb the ideas and figures and encourage them to ask questions.

Are You Supposed To Bring A Present To Bachelorette Party?

A bachelorette party has been the wedding tradition from the olden days, where they gave a chance to the groom to sow his wild oats before marriage. Today, men and women celebrate bachelorette party with their close friends. Friends, who come for the bachelorette party bring presents that fits their interests and tastes. Choosing a present for the bachelorette party is fun. The wedding present depends on the party and the presents can be from tame to outrageous.

Anyone can hold a bachelorette party. Often the maid of honor and bride’s maid, who are very close to the bride, do the honors. Also any friend, relative or even coworkers can plan this part.

Guest for the party is mostly, the bride’s best friends and they are the one, who are the wedding guests. Shower guests are also invited to the wedding, but it is not necessary for bachelorette parties. It is also fine to invite co-workers or neighbors to the party. It is usually best to keep the party numbers small.

Bachelorette parties are more negligent and less orderly than traditional bridal showers. There are lots of ways to celebrate the party with a nice dinner at someone friend’s house or at a favorite restaurant or at a club.

The bachelorette party is actually not a gift party like a shower and presents are not necessary. It is a great opportunity for guests and friends to give the bride silly and ridiculous gifts or even sexy ones. Also, it can be a candy necklace, rings, glitter or a water gun. The goal is for the bride and the guests to just have fun before the wedding.

A veil can be given to a more reserved bachelorette. Veils that have complete silver leaves with a tiny plastic bride and groom at the center can make a present to a bachelorette party. Chocolates are another thing that can be given as a present to bachelorette party. Chocolates with different shapes and sizes can make the party more fun and tasty.

The gift need not be big or small. There is no compulsion to carry a gift. A gift that is taken is to cheer up the bride and help her enjoy every moment of her wedding celebration – a gift, which she can laugh at and cherish for many many years to come.

Ethical Negotiations – What You Say and Don’t Say and Still Get Your Way

I’m a Christian so I thought an article on ethical negotiating tactics might be in order. When you talk about negotiating tactics, some people feel uncomfortable thinking about how to negotiate better, especially when they aren’t thinking in terms of ethical negotiations. Chances are, it’s because someone who knew these kind of tactics used them to take advantage of them or someone they knew, instead of using ethical negotiating tactics to create win-win accords and make all parties happy with the solution agreed upon. Either way, whether you want to know how to negotiate better or protect yourself from the unethical types among us…you’ll like reading this article on ethical negotiations.

31. Remember, addendums supersede the main agreement.

32. Negotiation tactic for big deals: Hire good attorneys and pay them what they are worth. Few know how to negotiate better than skilled attorneys.

33. Read George Ross’s (Donald Trump’s attorney, you might know him from the Apprentice early seasons) book, called Lessons of a Billionaire Investor .

34. Always leave the door open to counter-offers. Future circumstances bring new choices.

35. If you say you’ll call/email/respond at a certain time, do it. If you want to know how to negotiate better, learn how to communicate better.

36. “If this will cause you to lose sleep at night, I’d rather not do it. Is it going to be a problem?” Let people know it needs to work for them AND you, not just you.

37. Always create value. Create value. Create value. Put a value on it, describe it, make them want it, and give it to them. They don’t have to know it a. didn’t cost you anything or b. you didn’t want it in the first place or c. they would have gotten it anyway

38. Negotiation is a game. Why choose to be on the sidelines, when so little work is required to become a player? Now, if you want to be an all-star…

39. “What’s more important, X or Y?” Let them choose and hold them to it. Someone who uses ethical negotiation tactics expects the other person to do the same- but is prepared if they don’t.

40. Creative problem solving leads to big profits. Be a problem solver.

41. Become known as a businessperson whose word is their bond.

42. If they can’t or won’t, always ask “Why?”

43. “OK, I’ll give you your price, but you’ll have to meet my terms”. Tit for tat.

44. Remember, “every problem has a price tag” when you’re buying. If there’s a problem, quantify it, run the numbers and offer that much less.

45. Never say “Take it or leave it”. This is NOT a power play; in fact it is a sign of INSECURITY. Usually anyway, but it’s much better to say “never” than to list and explain in detail the few exceptions when this would be advisable in ethical negotiations.