For those starting their accountancy career, achieving the status of partner at their firm can seem a lofty ambition. If you are a trainee at one of the Big4 firms the route to becoming a partner is to progress up the corporate ladder. At the bottom of the ladder are the interns (trainees), who, upon qualifying become associates.
The next step is to be promoted to a senior associate, then a manager, senior manager and then (hopefully) being offered a partnership. The length of time it takes to become a partner will be at least 10-12 years, which seems a long time, yet if you start as a graduate trainee at 21, this means you could make partner by the time you are in your early thirties. Fast progression is made even more possible if your area of specialisation e.g. tax is an area the firm particularly needs expertise in.
On being offered a position as a partner you will be encouraged to buy into the firm i.e. invest your own money in the firm (possibly by taking out a loan) in order to become a part-owner of the firm. New partners make the decision to invest in the knowledge that they will receive a big salary which will go up every year (starting from about 60,000-160,000 per year to 500,000 and above), and upon retiring they will receive dividends each year thereafter.
When Abhi Talwalkar became the CEO of LSI Corporation in 2005, he and the company faced a lot of challenges. LSI was in a slump at the time. Shortly after, the downturn in the economy made it difficult for just about any company to thrive. Things are looking up, though, according to a recent article at Institutional Investor. The online publication explains how this data and networking solutions provider managed to report a year with 9 percent revenue growth, climbing to $2.04 billion. Apparently, data is a good business to be in right now, at least for those with a solid business plan and the resources to make it happen. So just how did this new CEO do so?
A Struggling Company with a Strong History
Abhi Talwalkar came to LSI during a shaky time, and was left with the task of succeeding the companys founder. The company once known as LSI Logic was founded in 1981 by Wilfred Corrigan, the British engineer responsible for running Fairchild Camera and Instrument Corp. before launching LSI Logic as a producer of customized silicon chips. Fairchild Camera and Instrument Corp. is known to many as the root of Silicon Valley, so Corrigan was well-respected in the field and had millions of dollars of venture capital behind him. The company grew to dominate during a time when the electronics industry in the United States and Japan was strong. It peaked as the dominant producer of customized silicon chips in the late 1980s, and expanded into design tools and systems in the 1990s. By the end of the century, the company had acquired about a dozen different companies. But by 2005, revenues were in serious decline, people were losing their jobs, offices were closing and things were generally not looking up for anyone invested in the company.
An entrepreneur does many wonderful things. In fact, many people are amazed with how the entrepreneur’s mind works. But for some who have not taken the plunge, there is some wonderment….some real curiosity….and for some of us, even some questions about successful entrepreneurs morals and integrity….But for most onlookers there are two important questions to ask. How does an entrepreneur become successful? And most importantly, do you want to be a successful entrepreneur too?
First of all, an effective entrepreneur should have great ideas. And then you need to test those ideas…You have to research to be able to make an informed judgement about whether your business idea is feasible. It really is critical to do this investigation, and in many cases its not necessarily a tedious task…Once you have gathered all the needed information, you can decide whether to pursue the business idea now, or simply file it and do it in the future.
Businesses today rely heavily on computer operating systems, and an inherent part of that technology is that something could go wrong. Many companies cannot afford to have in house departments that specialize in IT issues, so they turn to the valuable services provided by IT support companies.
When a business is starting with an IT support company, it is imperative to have a contract written up to specify exactly what services will be provided by the IT company, what the response times should be when the company is called because of IT problems, the costs of all services, and what will be expected of the IT company. Everything should be clearly spelled out so that there won’t be misunderstandings later when the company is experiencing IT issues that need to be addressed by your IT company.
Things like the period of the contract are important, and what is required to keep that contract going. Also the equipment covered by the contract should be specified, what kind of software is covered, and other things that may be expected from the IT support company. Things like the number of times they come out, once a month or more, and whether support can be provided over the telephone, are all important issues to have covered in the contract when first starting with an IT company.
Chyten Educational Services was founded in 1984 by Neil Chyten who believed that every child deserved an opportunity to reach their highest potential. Using customized programs for students based on their individual needs, the education franchise has provided test preparation and specialized tutoring services for the past 25 years and his franchise is one of the fastest growing supplemental educational businesses in America.
According to Neil Chyten, who serves as the company’s president, what sets his education program apart from similar franchises is Chyten brings a whole new style curriculum, individualized one on one tutoring by tutors who all have at least a masters degree and teaching experience.
“Our name has become synonymous with the word ‘excellence’ in the areas we serve,” says Chyten. “Having been exposed to many different educational programs, I am convinced that highly qualified and experienced teachers can make a real difference in students lives which is why we only employ tutors with a minimum of a master’s degree and who also have prior teaching experience.”
Don’t you just hate the fact that modern cars all look virtually identical even though different manufacturers have built them. The reason for this is the way in which vehicles are now designed using computers rather than with an artistic approach. Fortunately, if you want to have a car that is simply unique in its overall appearance, there are various modifications you can have done. A good example would be to fit a set of rims, which adds a greater style and individuality. To be able to stop traffic and turn heads wherever you go you should check out the latest Dubs rims that are available.
A set of Dub rims can instantly make your car stand apart. It adds a personal touch which is not present in most of the vehicles we seen on the roads. Any modifications will require an investment to a certain degree and rims are no different. At the end of the day it will add value to your vehicle, and the respect that is given by other drivers cannot be had through other means.
What model is your car? Whichever it is, there is every chance that each year there are possibly hundred of thousands of units sold. Even on your street there may be an identical motor with the same paint job.
Dub custom rims are created with a top quality finish. The stock rims fitted on your vehicle, if there are any, would not have undergone such a thorough design and manufacturing process. These tires and rims are built to last; they will resist rust for many years if maintained correctly. This is an important consideration if you are to invest a few hundred bucks.
No matter what size wheels are on your car, you will be able to choose a set of Dub rims that give the perfect look. They’re available in a diverse range of shapes, styles and designs. You can easily go for a themed look, for example you may be after an urban feel or a chunky tough looking option.
Our cars are more than just vehicles; they are a way of expressing our personalities. We all jump to opinions about the owners of particular cars. By modifying yours you will be able to express your personality more effectively. Any image can be created through a set of custom rims.
It is important to understand the difference between chrome and alloy rims so that you can create the look you want. Chrome rims are obviously the loudest and most expensive choice. They will need an extra level of care to ensure they are constantly gleaming. If your car gets dirty after every drive then a set of alloy rims may be better. These do not show up dirt as easily and require less maintenance.