Money-Making Job Opportunities in Accounting Career: Exploratory Guide

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StrategyDriven Professional Development Article |Accounting Career|Money-Making Job Opportunities in Accounting Career: Exploratory GuideAccountants work with numbers. They ensure that the money of organizations, governments, and individuals is spent efficiently. In short, accountants are the backbone of the business world, and as long as cash exists, accountants will remain essential. Modern-day accounting is one of the most advanced and front-line professions which incorporates itself in various fields, from data analysis to cloud computing. Accountants deal with statistical data, such as financial records, costs, and profits. This title demands a deep understanding of finance, and it requires, at the least, a four-year bachelor’s degree in accounting.

There are many different job opportunities in the accounting field that range from entry-level jobs to executive positions. Bottom tier jobs depend on the level of your education, such as a clerk or bookkeeper’s job demands a high school diploma and an associate degree. The accounting field offers space for professional development. If you work in the field long enough, you can go from a staff accountant to an executive position such as a CFO. Most statistics show that the job progression rate in the accounting field is higher than in other industries. Approximately 24 % of accounting graduates work as certified accountants, and the next most common profession is investment analysts. Regardless of the job you choose, the accounting field offers endless opportunities to learn more skills to help you progress to the top.

JOB OPPORTUNITIES IN ACCOUNTING CAREER

Chief Financial Officer (CFO)

CFO is one of the end goal positions for all accountants. It requires the highest level of power and duty, and only the most capable accountants can achieve this title. The position of CFO demands the most considerable expertise, maximum experience, and exceptional leadership skills. The job requirements also depend on the status of the organization where you have applied. The more compound the organization is, the more vital the character of a CFO becomes. The approximated salary of a CFO is around $127,780, which is an impressive figure. Good luck with that.

Bookkeeper

Bookkeepers are taken on board by businesses that may not have the resources to support an on-staff accountant. Bookkeepers usually look after routine financial tasks such as billing and payroll. The salary of a full-time bookkeeper ranges from $18,000 to $40,000, and it is a good figure for a start-up job. Most organizations that require a bookkeeper are retail stores, law offices, or small accounting firms. If they need an accountant, then they contact separate accounting firms to outsource the job. Bookkeepers focus on details as their job requires them to be precise and active with the wide variety of tasks related to finances.

Controller

It is another high-level position in the accounting field. Controllers are financial officers who manage the accounting department of large organizations. This occupation asks for a unique background in the area. And the title is usually earned through promotion within the department. Controllers typically answer to the CFO, but in individual companies, both the positions work in the combination, and the main tasks include preparing taxes, approving significant budgets, and maintaining daily financial reliability. The estimated salary for a controller ranges from $75k to $107.5k, so the title is worth the years of work and experience.

Forensic Accounting

This occupation plays a distinctive role in the field of accounting. Forensic accountants use their knowledge of numbers to assist in investigations related to financial crimes that include fraud, money laundering, tax evasion, and even embezzlement. It is a complicated field that requires a high level of education as well as experience. These accountants can work with law enforcement agencies, government agencies, and non-profit organizations. They take part in financial examinations as part of the legal process, and most of the time, they have a say in defining awards from lawsuits. The median annual earning of a forensic accountant is around $68,000.

Cost Accountant Manager

Its specializations define modern-day accounting. The skills required from an accountant depends on the complexity of the organization. Their primary focus revolves around cost analysis and profit maximization. This job demands impressive analytical capabilities and a thorough understanding of economic factors that impact value and profit generation. Cost managers earn around $82,950, and it is a well-deserved amount.

CONCLUSION

There is a large variety of occupations to choose from after graduating as an accountant. It is a robust and competitive field that demands a lot from you, but if you want to earn an executive position in accounting, you must show resilience and develop your skills. You must show a distinctive and impressive performance at work, so you are recognized, and you can work your way to the top of the department. Take it easy on you, though. The success depends upon the hard work and dedication you offer, no matter what the field is. Therefore, instead of looking for shortcuts, choose a highway, and give your best.

Competitive Marketing Strategies of the Digital Era

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StrategyDriven Online Marketing and Website Development Article |Competitive Marketing Strategies|COMPETITIVE MARKETING STRATEGIES OF THE DIGITAL ERAIn the booming era of the digital revolution, technological trends are no surprise to anyone. It continues to thrill audiences with exciting and mind-blowing features. From being able to order food online to footing your utility bills – everything is a few clicks away. Likewise, it has hit the business industry, bringing some tech-savvy innovations, especially for the marketing department.

In today’s tech-savvy world, escaping the advantages of digital marketing is impossible. But do you think running after those old-school strategies are of any good now? Surprisingly, the new decade brings a whole bunch of new competitive marketing strategies. Marketers using black hat SEO practices, deceptive advertising, and content scraping – the time is up!

2020 demands an authentic approach to marketing, and you can make this possible by leveraging the latest tech tools and emerging channels. Experiment with new media formats, take a closer insight into changing purchase patterns, and brace yourself to make some digital noise. Are you wondering how? We are here to help you with the competitive marketing strategies of the digital era. Have a look below.

1. Bank on Video Marketing

We are far past that time when people enjoyed reading long paragraphs of text-based information. These days, most people prefer visuals in the form of images, infographics, and especially videos. Alongside increasing engagement with customers, videos are a great way to put your brand message across.

With increasing popularity, the two enormous marketing giants, Facebook and Instagram, have allocated 44% of their budget to videos. If you haven’t given a thought or you believe it is not your cup of tea, search for digital marketing in Newcastle to help you get started. Since users are obsessed with videos, this trend is unlikely to fade away anytime soon.

2. Build Communities

In the 21st century, social media forums are a lot more than entertainment tools. It has become the ultimate marketing platform where corporations with deep pockets are allocating a hefty budget for social media advertising. On the other hand, the pay to play model is not working for small businesses. Instead of trying to compete, try to innovate better solutions.

Start building communities on social media using the ‘native group’ features. It lets you develop healthy relationships with customers, giving a sense of exclusivity to group members. Utilize this one-on-one level engagement forum to engage and interact with audiences. You can address the audience’s queries, complaints, and regularly host live sessions. You can bring like-minded people together, allowing them to have a dialogue.

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3. Aim for Position ‘Zero’

Have you seen a featured snippet right on the top of the search engine results page – SERP? Marketers call it the position zero as it appears before all other organic listings. Thus, instead of aiming to bag a spot on the first page of SERP, you have to aim for position zero. It significantly boosts your click-through rate – CTR, while helping you become visible to a broad audience. Unsurprisingly, there is plenty of competition out there, but moving ahead can be easier for you.

  • Create content that focuses on problem-solving – what, when, why, who, where, and write headlines accordingly.
  • Focus on creating instructional content ‘how to’ since people find it more appealing.
  • Structure in a list format to promote understandability.
  • Answer questions through your content.
  • With the rise of voice search, create conversational content around simple things.

4. Focus on All Stages of the Funnel

Sometimes, businesses make their way through the top results of SERP but encounter high bounce rates and low session duration. Unfortunately, this happens because of expectation mismatch, meaning you are targeting the wrong audience. The user lands on the website with an intention, but your content doesn’t meet their expectations. That happens when you spend days creating the top-of-the-funnel content but pay no attention to the bottom or middle content.

Diversify your content by bringing engaging topics and different formats. Create infographics, podcasts, along with text, to improve the versatility of your content marketing initiatives. Likewise, focus on addressing queries that are not on the top-of-the-funnel. Diversity and in-depth content allow you to convert visitors into prospects and then customers.

5. Micro-Influencer Marketing

Previously, we witnessed a rise in celebrity marketing, but in 2020, the wave is ebbing down. Customers now prefer trust and expertise over the clout, making brands realize that it is a wise choice to invest in micro-influencers. Therefore, they are no longer running after celebrities but look for someone they can relate to personally.

Micro-influencers act like role models for many people and have a potential reach of 10,000 to 100,000 followers. Pick an influencer of your niche – for instance, if you have an apparel brand, look for influencers who follow fashion. They will expose your brand to the right target audience without costing you an arm, as their charges are far below what celebrities charge.

6. Inspect Programmatic Audio

With the rise of new marketing tactics like podcasts and audio streaming apps – marketers have more avenues to connect with their audience. Are you wondering what programmatic audio is? It is not as complicated as it might sounds. It lets users place ads in the audio content – podcasts automatically, meaning you can advertise through audio streaming programs.

Explore ad formats such as ad pods or companions to get an insight into the benefits they are offering. Besides these formats, even Google, Soundcloud offers programmatic audio advertising features. Thus, give your social media followers a break from routine content and tempt them towards audio streaming platforms, helping you gain an edge.

7. Invest in Artificial Intelligence

Although digital assistants and chatbots are nothing new, still many brands are missing out on them. These tech-savvy tools are capable of delivering content and helping users with their purchases. They provide 24/7 customer support, dealing with customer queries around the clock without any coffee or tea breaks.

Likewise, digital assistants are smart enough to understand user needs, helping customers book tickets, and make reservations. With the increasing trend of voice search, marketers must leverage conversational artificial intelligence tactics, letting people talk to them. Moreover, artificial intelligence systems come in different variations and pretty affordable price, leaving you with no excuse to miss out on it.

Final Thoughts

In the changing dynamics of the digital era, there is so much you can do with marketing strategies. Despite the competition getting intense, technology continues to bring new tools and tactics to keep the users hooked. Hence, don’t be afraid to try new marketing techniques because you never know what works for your brand and always keep up with the competitive strategies.

Lead Generation Tips for Start Ups

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StrategyDriven Marketing and Sales Article | Lead Generation Tips for Start UpsStarting a business isn’t easy work. You can have the greatest idea ever and the best product that exists on the market. Still, if you don’t have leads, you won’t sell a single product. And, it’s no secret that without making sales, even the best business won’t survive.

Therefore, generating a steady supply of new leads and building a pipeline is vital in developing a profitable business. Yet, this is by no means an easy process. In fact, generating leads can be especially difficult for startups for various reasons. For instance, startups often have limited resources, including money and time resources. In fact, nearly 61% of B2B marketers put the blame on lack of resources, including staff, funding, and time, as the toughest challenge to successful lead generation.

Also, they have no reputation at all, so no positive word-of-mouth, no referrals, no testimonials, and no social proof. At the same time, they are competing with brands with a well-established customer base.

But that’s not all! As the lead generation experts from Drip Digital explain, “Perhaps the biggest challenge in generating leads is that startups have no experience with it. And, with lead generation, there’s no one-size-fits-all strategy. A strategy that works great for others won’t necessarily work for you as well. Only by gaining experience, you will be able to look back and identify what works to attract leads for your startup and what doesn’t.”

Now, generating leads includes two main strategies: outbound and inbound. Yet, the point is that both have their own specific strengths and weaknesses. Ideally, your startup will use a little bit of both. However, when you’re just getting started, you might need to prioritize one over the other.

Feel confused yet? Don’t worry! We’re here to explain everything to you and share with you the tips you need to improve your lead generation.

Lead generation explained

First things first, in case this is the first time you ever hear about lead generation, we’ll quickly explain what lead generation is to make sure we’re on the same page as far as terminology goes.

Leads are basically people who have demonstrated interest in your business in some way. Basically, everyone who has given you their contact info, be it to attend your webinar, to download your free guide, or to sign up for your newspaper, is a lead. This person has engaged your business and has given you permission to contact them.

Now that you know exactly what leads are, the name “lead generation” is pretty self-explanatory. It is basically the process of attracting and converting strangers and prospects into leads.

So, how do you get leads you need to increase your revenue and exceed your goals?

Outbound lead generation strategies

Outbound strategies are pretty much all about reaching out to your prospective leads in order to engage them and transform them into actual leads. Outbound strategies usually include tactics such as door-to-door sales, cold emailing, and pay-per-click advertising. Outbound strategies include many tactics, both from offline and digital.

Now, outbound strategies generally require a more significant financial investment compared to inbound strategies. Yet, they can often deliver quicker results. So, how do you plan an effective outbound campaign?

Define your leads

What does your potential customer want? Once you’re able to answer this question and tie it to a high-converting landing page, that’s the moment when you’ll consistently generate leads.

It’s no secret that if you want to reach out to customers, you need to know who they are and what they want. In fact, this is one of the most common mistakes made by startups: they believe that what they’re selling is for everyone. So, don’t try to appeal to everyone but rather target a specific audience to tailor your campaign for.

If you already have a base of customers, that’s a great place to start to know them better. If not, don’t worry, you can learn more about your prospective leads by researching your competitors’ customers and analyzing their online activities.

Find your leads

Once you know who your prospective leads are, it is time to find them.

Now, you could buy lists of prospects, but this is not a safe bet because the quality of these lists can vary greatly. You may be paying for out-of-date emails and incorrect information. So, it makes much more sense to build your own list.

Hopefully, you found out enough information about your prospective leads to get an idea of where they might be spending their time. For example, if your target audience is Gen Z, they’re probably spending a lot of time hashtagging on Instagram. So, no need to waste your time and efforts anywhere else.

In other words, based on what you know about your leads, figure out where you can find them online.

Reach out to your leads

Now that you know who they are and where they are, it is time actually to reach out to your leads. You can use tactics such as cold calling, cold emailing, and social selling. Yet, keep in mind that each has its weaknesses and strengths. For example, while cold calls might be interrupting, it can be more effective at getting quick decisions. Social selling might take longer, but can help you build relationships with the prospects before you reach out to them.

Inbound strategies

Alternatively, you can also use inbound strategies that are all about creating value for your leads and offering it to them to attract them. Inbound strategies include forms of content such as blog posts, ebooks, and webinars, and video content. Pretty much all types of content that brings value to your prospective leads.

With Inbound strategies, things are different in terms of how you capture your leads. You don’t reach out to them directly but rather attract them to you. And, to do this, you have to create valuable content, share it, and finally capture your leads.

The most important step for your inbound strategies is creating valuable content. Yet, to create relevant content, you need to know who the ideal customer is. So, knowing your customer and tailoring your inbound strategies is just as important as it is for your outbound strategies.

Practical, Professional Programs That Strengthen Business Practices

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StrategyDriven Professional Development Article |professional programs |Practical, Professional Programs That Strengthen Business PracticesProfessional programs are much more than some window dressing.

Their benefits are many and varied, ranging from money savings and worker engagement. But, they can’t be implemented by edicts. Words and promises don’t account for much either.

Instead, management needs to set priorities, take action, and get workers behind programs. It’s a strategic effort that requires ample resources.

Worker safety, accountability, and satisfaction are the three key ingredients of business success. Here is how to mix and blend them together.

Cultural Foundations for Professionals Programs

Before fleshing out programs, lay the foundations with empowering company culture.

First off, senior manageress should embody the core value and mission of the company. They would also do well to embrace responsibility and lead by example, not by cracking the whip.

The next step revolves around engaging the workforce.

To pull it off, open your channels of communication, and gather suggestions and feedback. The whole process has to be completely transparent.

Once it’s completed, set clear, measurable, and realistic goals. You can use the S.M.A.R.T. formula to do it right. The next sections will give you an idea of what concrete objectives to pursue.

Workplace Safety and Health

Worker health and safety have to be absolute management priorities.

Namely, effective safety programs add true value to the organization. They reduce injury frequency and severity, as well as worker compensation premiums.

So, carry out workplace audits and come up with preventive measures and controls. Put proper training procedures in place and hold biweekly/monthly safety meetings.

Educate everyone on Occupational Safety and Health requirements. Check out OSHA guidelines (including those for COVID-19), which are golden industry standards.

Provide corresponding materials, such as this HazCom training guide to classifying and labeling chemicals. Make sure worker participation is ubiquitous.

A Matter of Accountability

Next off, it’s of utmost importance to foster organizational accountability.

The ultimate trick is to do it without pointing fingers and alienating anyone. Moreover, you want to instruct and demonstrate instead of merely telling people to be more accountable.

Here, bear in mind accountability pertains to the aforementioned goals, values, and priorities. Your main job is to communicate them and put together a working system. Keep the messages positive and informative.

This is a way to become a desirable employer, a company people want to be part of.

Bolstering Employee Motivation and Satisfaction

To apply finishing touches, develop programs aimed at further boosting motivation and satisfaction.

Always give recognition and credit where they are due. Reward top performers offering more than kind words. Both monetary (gift cards, for instance) and non-monetary incentives can be quite effective here.

Apart from individuals, you can recognize the contributions of whole teams and departments.

These programs will pay dividends in terms of improving workplace productivity. At the same time, you have a chance to supercharge your employee retention rates.

That’s a clear win-win right there.

Turn It Up a Notch

Purpose-built professional programs empower workers and reinforce your bottom line.

But, integrating them with your practices isn’t easy. You first have to get everyone on board, from workers to top executives. Start by uniting them around shared goals and vision.

Furthermore, make the workplace safer and minimize the risk of injuries and hazards. Become a true role model for organizational accountability. Acknowledge and appreciate good work.

Following these steps, you’ll steer worker behavior in the right direction and outpace the competition.
Get in touch with us if you need strategic advice and counseling. It’s time to take your business game to the next level.

3 Important Tactics to Boost Morale of Healthcare Workers

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StrategyDriven Managing Your People Article |boost morale |3 Important Tactics to Boost Morale of Healthcare WorkersThere are over 6,100 hospitals in the United States. The people who work at these hospitals are responsible for providing top-notch medical care to sick individuals regardless of what time of day it is. As time goes by, healthcare workers can get overwhelmed and overworked.

If you are the manager of a healthcare facility, one of your main concerns should be to boost morale. Learning how to boost morale at work is more complicated than you probably realize.

Are you looking for ways to keep your healthcare workers happy and motivated? If so, check out these great tips below.

1. Recognizing the Signs of Employee Burnout

Perhaps the biggest problem you will face as the manager of a healthcare facility is employee burnout. Healthcare employees work long and irregular hours, which puts them at a higher risk of getting burnt out. It is your job as a healthcare facility manager to recognize the signs of employee burnout and taking steps to prevent it.

If you see that an employee is down and always tired, take some time to speak with them. Making sure their mental health is not being affected by their stressful work environment is imperative.

Ignoring the signs of possible employee burn out can result in lots of problems. The last thing you want is for a valued employee to quit due to being overworked. This is why taking steps to prevent employee burn out is so essential.

2. Team Building Activities Are Important

The key to creating a great work environment is placing a priority on team building. If everyone works together in your healthcare facility, you can avoid issues with high employee turnover rates and out of control stress levels. Scheduling routine team building is crucial when trying to keep morale levels high.

Taking your team to volunteer in the community is a wonderful way to put things into perspective. Helping out people in need is a great way to show your team how valuable they are to the community.

You also need to schedule routine meetings to let employees vent any problems or frustrations they may be dealing with. Once you hear the problems your workers are dealing with, you need to show them you are passionate about finding solutions. Doing this will allow you to create valuable and lasting relationships with your healthcare workers.

3. Show Your Employees You See Their Hard Work

Healthcare employees work extremely hard to provide care to sick patients. As the manager of a healthcare facility, you need to work on showing your team you see their hard work. Establishing an employee recognition program can do wonders for morale levels.
Giving hard-working employees awards, cash prizes or a free lunch is imperative when trying to keep them happy. The money and time invested in these employee rewards will pay off considering the increased morale they will produce.

Working Hard to Boost Morale

As you can see, there are a number of ways to boost morale. Keeping healthcare workers loyal and productive is possible with the right approach.

Are you looking for more employee management tips? If so, check out more of the blogs on our website.