Business Management

Alliance Business School – Dual Degree Program

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ALLIANCE University of Antwerp, Belgium

The University of Antwerp and ALLIANCE Business School jointly offer a dual degree dual campus program.

PROGRAM ADMINISTRATION

Program components include:

– Students enrolled in the Dual Degree Dual Campus program will spend their first year at ALLIANCE campus in Bangalore followed by an industry internship program either in India or abroad. After completing their internship, students will continue their second year at University of Antwerp Management School, (UAMS) Belgium.
– In the second year of academic course work, UAMS will offer the Masters in Global Management Program in Antwerp, Belgium.
– Upon successful completion of the Program, students will be awarded the degree of Post Graduate Diploma in Global Management from Alliance Business School and Master of Global Management from the University of Antwerp Management School.

PROGRAM ADMISSION

To qualify for admissions to the PGP-MGM Program, students must meet the standards for admission, specifically;

– Can demonstrate a record of 60% or higher throughout their studies
– Taken the CAT/MAT and attained a minimum score of 80 percentile
– In the event that a candidate has not taken CAT/MAT, he/she should attain a score above the seventieth percentile on the Alliance Aptitude Test (AAT). Candidates who have taken the GMAT and obtained a score of 550+ are exempt from AAT
– Successfully met the additional screening criteria including a group discussion, delivering an extempore presentation and an interview.

THE UNIVERSITY OF ANTWERP AT A GLANCE

The University of Antwerp (UA) is located in the historical centre of the city of Antwerp. The UA has almost 12,000 students and over 850 academic faculty and researchers. The UA has been awarded the prestigious label by the ‘Association to Advance Collegiate Schools of Business’. AACSB accreditation is the international hallmark of excellence in management education. The University of Antwerp Management School (UAMS) offers two types of courses: Master courses and Executive courses. While being academic the courses are also very practice-oriented. Scientific thoroughness and practicality are the trademarks of every program. The courses offered by the UAMS are extensive and diverse. There are twelve Masters and more than sixty short or long term Executive training courses in various fields. UAMS yearly welcomes over 3500 new participants to its programmes, of which more than 300 are foreigners from 30 different countries.

Overview Of A Dropship Lingerie Business

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Are you looking to start a home-based business without giving up your existing employment? What you need is a business that you can run at your own pace, one that you can run from home in your spare time and one that wont cost as much as a traditional startup. The solution to this scenario is a turnkey website in combination with the dropshipping business model. And if you can couple these two with a product that is affordable and one that ships easy, youll save yourself even more money. In this article well describe what dropshipping is and why a Dropship lingerie business may be the ideal home-based business for you.,

So what is dropshipping exactly? Dropshipping is a supply chain management technique in which the retailer (you) does not keep items in stock. Instead, the retailer sells items through their website and transfers orders directly to a wholesaler (dropshipper). The wholesaler ships the order directly to the customer using your company information while remaining transparent throughout the entire transaction. You pay your wholesaler the wholesale cost of the order while your customers pay you the retail cost. The difference between the retail and wholesale price is your profit and yours to keep. A Dropship lingerie business works precisely in this way and can provide generous profits for each item sold.

Now, you may be wondering why weve selected a Dropship lingerie business for this article. The reason is quite simple, lingerie is relatively inexpensive to produce and store. It provides greater profit margins than bulkier items which require more resources and storage space. Its also very easy and cost-effective to ship worldwide. Your customers wont have to pay a premium for shipping their order and your dropshipper wont have to heavily reduce your profit margins to account for storage and production costs.

Starting your own e-commerce business can be a daunting task in the modern-day e-commerce marketplace. Online shops have risen to a level of complexity and quality that must be replicated in any business that is looking to be successful. There are plenty of options available to you when starting your Dropship lingerie business and the one that you choose will rely on your technical knowledge and expertise. If youre looking for help getting started, you may want to look into purchasing a turnkey website to get you started. Itll include setup, management and maintenance of all your technical assets which will reduce your overall investment and keep you away from having to manage the technology behind your e-commerce business.

The Difference Between Sde And Ebitda

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The 3 most commonly used valuation methods are the Income, Market, & Asset approach. With the income approach, a business value is based upon the earnings the enterprise generates. Buyers are most concerned with the amount of earnings that the company produces should they acquire the business. The net ordinary income, utilized for tax reporting purposes, does not properly reflect the true earnings of the company based on the non-cash, discretionary & non-recurring items that are expensed by the business owner. Earnings are kept low to achieve the goal of reducing taxes. Therefore, to calculate the true earning capacity of the company, the P&L statements need to be adjusted during a valuation to determine SDE or EBITDA. Re-casting the financial statements will standardize (or normalize) the company earnings through the exclusion of discretionary, variable and non-recurring components, allowing an objective comparison to be made between two or more companies. By applying a multiple to the EBITDA or SDE amount, consistent with the industry sector and a weighting of the issues affecting the business, will derive the business value.

What is Sellers Discretionary Earnings (SDE)?
Sellers Discretionary Earnings is utilized for businesses with under $1mm in adjusted earnings. These businesses often have the owner managing the company and receiving a salary. With these small enterprises it is critical to determine what the owner benefit is as opposed to the earnings of the company. This is accomplished through a series of profit and loss statement adjustments termed add-backs that are made to the pre-tax company earnings. In some instances, there are negative add-backs as in the case with a business that owns real property (e.g. the building & land) where the owner is compensating himself a below market rent or a family employee working for the company who is receiving a below market salary. In both of these cases, an adjustment is made to normalize the expense to the current market value.

The most common adjustments used during the re-casting process are:
1. Add-back one owner’s total compensation
a. Salary
b. Payroll Taxes
c. Retirement Contributions e.g. 401K
d. Insurance
e. Perks (Health Club, etc)

2. Add-back interest expense

3. Add-back discretionary expenses
a. Donations
b. Personal Cell Phones
c. Travel, Meals, & Entertainment
d. Owners Vehicles (not used in business)

4. Add-back non-cash expenses
a. Depreciation
b. Amortization

5. Add-back Non-recurring expenses
a. Fines / Bank Penalties
b. Attorney fees (e.g. sale of business consultation)

6. Adjust Lease to Fair Market Value

What is Earnings Before Interest Taxes Depreciation Amortization (EBITDA)?
EBITDA is used to define the earnings of the company for businesses with adjusted income greater than $1mm. Here, the owner/investor is typically not active in the direction or daily management of the business and will hire a general manager to perform that function. Therefore, the EBITDA calculation will differ from SDE as it incorporates the general managers salary in the earnings calculation as an expense. EBITDA is a non-GAAP measure that is used to determine profitability and to make comparisons between companies and industries as it eliminates the impact of the financing and accounting decisions made. An easy way to determine EBITDA is to subtract the owners compensation and benefits from SDE. The EBITDA dollar amount will be lower than SDE but the multiple used in the valuation formula will be higher, often 2-2.5 times the SDE multiple. Therefore, as one would anticipate the FMV of the same business calculated using either method should be very close to each other. If not, an assessment as to why and which (or what other method(s)) must be undertaken.

Software Employee Time Tracking Effective Employee and Business Management Tool

Business Management blogger

A popular set-up of small to large companies today is to hire remote workers other than the team they have at their site. It is a cost-saving measure. Although it has its benefits, problems still arise, particularly on regulating and tracking employee activities. These are very important because schedule has to be followed. Delays just won’t do any good especially if you are just building your clients’ trust and loyalty. Keeping an organized workflow and manpower must be maintained in order to establish competence. A software employee time tracking will help not only in efficiently managing schedules, but will also help increase productivity because employees tend to focus and concentrate when they know they are being monitored. Idle time is greatly avoided. Your remote workers would have to be mindful of the time. Instead of doing personal stuff before proceeding to work mode, they would have to be conscious that once they log in their activity, the clock will start ticking.

What a software employee time tracking basically does is capture employee time automatically. It’s the accurate and reliable method to implement to record time, view reports and produce billing statements. Significant savings is achieved because the process of attendance and time tracking is already automated. Let us also include its capacity to create detailed invoices. Surely, no time is wasted just to ensure the veracity of the invoices.

This tool also supports company’s need for better project management. Using this software, you can easily track employee activities to ascertain that schedules are followed. You’ll get to have a more organized workflow where delays are greatly avoided.

If you have your own team of workers, payroll is also a business administrative task that is aided by this time tracking application. Using less powerful software would result to erroneous and faulty data, especially when it comes to integrating attendance, leaves, sick leaves and benefits to an employer’s salary. There are also government taxes and loans that need to be reflected on the payroll. And because it can be generated online, companies get considerable savings on printing and hiring administrative staff to do the paperwork. You are also supporting the government’s move in encouraging business firms to go paperless in their transactional processes as much as possible.

Surely, you’ll get a strong hold on how you run your business from administrative tasks to employee supervision. When you have support tools like software employee time tracking, you’ll have enough time to attend to other pressing matters.

Teaching Piano Made Fun and Easy

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Are you a piano teacher? Do you wish to take your piano teaching to the next level where most of your students can surely enjoy and appreciate? Well, this post can help you make teaching piano fun, easy and extraordinary. Read on and see how you can take boredom and anxiety away from your music classroom or studio.

Teaching piano can be both rewarding and challenging. Just like teaching any other subjects necessary in the educational systems, it has to be unique, interactive and innovative. Having it remained so traditional and classic can somehow affect the levels of interest, participation and motivation of the learners. In other words, when a piano teacher sticks to habitual, usual, monotonous and old music teaching techniques, it is more likely that the students would be bored and uninterested most of the times.

Integrating technology and other web-based applications can truly make teaching piano a lot of fun and extra convenient. Such innovative or ideal online system for learning and teaching piano can provide a wider opportunity for more fun, exciting and interactive music or piano lessons. Computer programs and applications like this are good piano teaching resources that are easy to find, navigate, adopt and obtain.

This technology can be very helpful to most music and piano teachers out there as they can surely get lots of useful resources, tips and techniques. The following are some good ways on how you can teach piano at your best, using the most effective and the best piano teaching strategies:

Integrate technology.

Update yourselves with the latest trends and techniques online; there might be lots of things that you may not be so much aware of. Technologies nowadays can surprise us with things that we think are impossible then. As our learners now have become more innovative and open for new stuffs, they would also be very eager to learn how to play the piano the easiest and best way. Innovations can surely make it a hit for you; they can be very useful and helpful in your efforts of meeting your academic and professional objectives.

Use alternatives and welcome challenges.

It is a very good practice to oftentimes take advantage of your creativity and your passion over teaching piano. Using alternatives and welcoming challenges can break the monotony, the boredom and the anxiety a learner may feel while he or she tries to get motivated and inspired. Keeping the students away from the traditionally boring and repetitive piano practice thus, making each learning experience more exciting and very rewarding, can truly be effective and efficient tools in making your daily routines more exciting, new and challenging.

One persons love and passion over music and playing any musical instruments can be a gift, a blessing or an innate talent. Yet, it can also be a skill that can be enhanced, modified and perfect. The learners just have to have this complete package: determination, motivation, enthusiasm, passion and commitment.

So, music and piano teachers alike are being challenged and taken responsibility for motivating and inspiring most of their students to learn, understand, enjoy and love music and playing the piano. With all these stuffs in mind, I am certain that teaching piano can be a very easy thing and a fun-filled teaching experience. Good luck!