Have you considered improving your business and taking it to the next level? This will be impossible without human resource management. First, running a business is not easy, and an entrepreneur must focus on multiple operations areas. This means managers and the human resource department are responsible for meeting targets and company goals. However, operating under outdated methods will no longer work; the same applies to old technologies. Do you expect your managers to meet your expectations in the 21st century using technologies of the previous century? Certainly not. Effectual use of technology and efficient human resource management is essential. You can make sure to manage your human resources by doing the following:
Anticipating Needs
One of the roles of any modern Human Resource (HR) department is to anticipate the requirements of an expanding company. The HR department must monitor company plans to accommodate a plan of expansion. Sometimes, companies initiate mergers with other businesses, and no matter how small or big the organization, a merger puts the HR department at attention. The HR department must anticipate future business needs and operate accordingly while keeping the current needs of the business and employees in view. Now, the role of HR will expand twofold as they are responsible for managing the existing workforce while anticipating partial recruitment for the future. It is worth noting that these hirings are limited and not expansive and replace current underperforming employees or those who left.
Focusing on Growth
The first thing to consider is business growth. HR must maintain focus on where the business is headed. The department should expect to recruit and onboard new associates if the business is trending toward growth and expansion. HR departments must stay in touch with upper management to know when to act and plan for recruitment. Expected business growth will likely initiate the recruitment process so the HR department must be kept involved in an expansion plan.
Understanding the Mission Statement
As a matter of principle, every human resource department must understand the business’s mission statement. The mission statement is the driving force for any company and projects it towards a desired growth level. This becomes possible when the human resource executives understand company objectives correctly, and there is little to no room for error. Human resource managers understand what is at stake and do all they can to meet required performance levels and objectives.
Ensuring Employee Retention
Employees are the biggest asset for any company, so pushing employees unnecessarily or forcing them to quit is not a desirable practice. A proficient HR team will ensure employee retention at all costs. Experienced employees understand their job well and know what the company expects from them. Employee retention can improve profitability and help the business expand without the risk of incurring losses. The inability to ensure a high-profit margin while increasing losses is something every HR team must avoid. As such, retaining experienced employees and hiring new candidates when needed are primary responsibilities for HR.
Equipping Employees
An employee given a goal but no tools to achieve it is ineffective. It is a common problem for many companies where employees lack the tools to achieve desired performance. The HR department must consider their requirements and promptly provide the tools they ask for to maintain increased business productivity and employee satisfaction.
Considering Employee Competence
HR must assign employees targets based on their skills, competence, and portfolio.A fresh candidate may lack the expertise and knowledge of an experienced employee. Therefore, HR professionals must consider employee experience and knowledge before assigning tasks. Similarly, HR should recognize growth opportunities for employees to hone skills or areas to improve.
Initiating Best Practices
Identify HR best practices to achieve results without compromising employee performance. HR professionals must have the skills and expertise to know what it takes to extract better results from the team without making them lose their confidence. For example, making employees consistently work late can reduce their overall performance, but it may occasionally become pivotal to achieving monthly and quarterly goals. HR should identify which best practices to initiate and when to implement them to maximize production and employee approval.
Conclusion
Considering and putting these factors into practice is the best way to grow your organization, so implement these steps to effectively manage your HR efficiency.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Unlocking Organic Farming Profitability: Maximize Your Yields
Organic farming profitability averages 22-35% higher returns than conventional agriculture through premium pricing strategies, optimized cost management, and sustainable soil practices that compound productivity gains over multiple growing seasons. Despite recent organic commodity challenges showing net returns as low as $42 per acre, successful organic operations consistently outperform conventional farms by capturing retail premiums of 30-82% across different product categories while reducing long-term input costs through regenerative practices.
Over two decades of working with agricultural businesses at Complete Controller, I’ve witnessed the financial transformation possible when farmers transition from conventional to organic methods. The data tells a compelling story—organic food sales reached $71.6 billion in 2024 with 5.2% growth, double the conventional market rate, yet organic production occupies only 1% of farmland while generating nearly 6% of food sales. This article breaks down the specific financial strategies, technology integrations, and market positioning tactics that separate thriving organic operations from those struggling to capture these profit opportunities.
What is organic farming profitability, and how do you achieve it?
Organic farming profitability combines premium pricing (30-82% above conventional), reduced synthetic input costs, and soil health improvements to generate 22-35% higher net margins
Premium achievement requires organic certification, direct-to-consumer sales channels, value-added processing, and strategic crop selection for maximum market demand
Cost optimization involves transitioning from synthetic inputs to composting systems, cover crops, biological pest management, and precision cultivation technologies
Market positioning strategies include farmers’ markets, CSAs, online sales platforms, agritourism, and institutional contracts with schools and restaurants
Long-term profitability compounds through soil organic matter increases, reduced water usage, enhanced biodiversity, and customer loyalty development
Understanding the True Economics of Organic Farming Revenue
The financial landscape of organic agriculture reveals compelling profitability data backed by decades of research. A comprehensive study analyzing 44 studies across five continents over 40 years found organic farming delivers 29-32% higher profits than conventional agriculture, with price premiums remaining stable throughout the four-decade period. This consistency demonstrates the sustainable nature of organic profit advantages beyond temporary market trends.
Recent market volatility adds complexity to this picture. The 2023-24 growing season brought unprecedented challenges, with organic farmers experiencing their lowest net returns on record at just $42 per acre. Organic corn prices dropped to $7.78 per bushel—the lowest marketing year average ever recorded, representing a dramatic decline from the record $1,153 per acre achieved in 2021-22. This volatility underscores why diversification and value-added strategies matter more than commodity production alone.
The premium pricing advantage in organic crop profitability
Premium pricing mechanisms vary significantly across organic product categories, creating opportunities for strategic crop selection. USDA data shows organic eggs command 82% premiums while milk achieves 72% premiums. Fresh produce demonstrates the widest variation, from 7% premiums for spinach to 60% for salad mix, highlighting how crop choice directly impacts profitability.
Market growth statistics support premium sustainability. The organic food market expanded to $71.6 billion in 2024 at 5.2% growth—double the 2.5% rate of conventional foods. With organic products representing nearly 6% of food sales while utilizing only 1% of farmland, a substantial expansion opportunity exists without premium erosion from oversupply.
Analyzing sustainable agriculture profits through cost management
Cost structures in organic systems differ fundamentally from conventional operations, requiring nuanced financial analysis. Meta-analysis data reveals that while organic labor costs increase 7-13%, total production costs show no significant difference from conventional farming. This cost parity, combined with premium pricing, creates the documented profit advantage.
The three-year transition period presents unique challenges, as farmers absorb organic production costs without premium access during certification. Crops cannot be sold as organic during this phase, creating temporary profit reduction requiring careful cash flow management and potentially alternative financing strategies to bridge the gap.
Strategic Approaches to Maximizing Farming Profit Margins
Profitable organic operations integrate multiple strategies beyond basic certification compliance. Successful farms combine soil health optimization, crop diversification, technology adoption, and market positioning to create sustainable competitive advantages that compound annually.
Yield optimization in organic systems requires shifting focus from maximum output per acre to maximum profit per invested dollar. While organic yields typically run 10-18% below conventional systems, strategic management combined with premium pricing creates superior financial returns through reduced input costs and market positioning.
Implementing organic farming success strategies for long-term growth
Systems thinking transforms organic farms from production units into integrated ecosystems generating multiple value streams. Purdue University research examining corn-soy-wheat rotations found organic production generated 24% higher gross revenue and 40% higher net revenue compared to conventional systems through cumulative soil improvements.
Augusta Locally Grown demonstrates cooperative marketing power, supporting 60 Certified Naturally Grown and USDA Organic farmers since 2008. The organization generated $1.2 million in sales over five years through combined online and farmers market channels, providing commercial kitchen access, insurance support through mini-grants, and wholesale program development that enhanced individual farm profitability.
Crop diversification creates resilience through multiple revenue streams while reducing pest pressure and enhancing soil biology. Number Analytics research documents how diverse cropping systems improve biodiversity indicators while spreading financial risk across multiple markets and harvest windows.
Optimizing the benefits of organic farming through soil health management
Soil health investment generates compounding returns through improved water retention, enhanced nutrient cycling, and increased crop resilience. USDA Natural Resources Conservation Service principles—keeping soil covered, maintaining living roots, maximizing diversity, and minimizing disturbance—translate directly into profitability gains.
Organic matter enrichment through composting, cover cropping, and integrated livestock systems creates measurable financial benefits. Farms implementing comprehensive soil health strategies report 20-30% profit margin increases compared to conventional operations, with soil organic matter increasing 1-2% annually and water usage dropping up to 30%.
These improvements compound over time, reducing irrigation costs, decreasing fertilizer requirements, and improving crop performance during weather extremes. Each percentage point of soil organic matter increase holds approximately 20,000 gallons of water per acre, providing drought resilience that protects revenue during adverse conditions.
Leveraging Technology and Precision Agriculture for Enhanced Organic Produce Market Performance
Technology integration in organic farming optimizes resource utilization without compromising certification standards. GPS-guided cultivation reduces labor costs while improving weed management precision. Drone monitoring enables early pest detection, preventing yield losses through timely intervention.
Precision applications particularly suited to organic systems include variable-rate organic amendment spreading, automated mechanical cultivation, and sensor-based irrigation management. These technologies help organic farmers compete effectively while maintaining premium market positioning through improved quality and consistency.
Integrating digital tools for improved organic farming revenue tracking
Financial management technology transforms organic profitability through enhanced cost tracking and decision support. Cloud-based bookkeeping systems designed for agriculture capture the complex cost structures inherent in organic production, including certification fees, premium inputs, and labor-intensive practices.
Modern farm management software enables real-time recording of production costs, yield monitoring, and market analysis essential for premium pricing justification. These systems provide detailed financial records necessary for accessing organic transition loans, cost-share programs, and premium market opportunities requiring production documentation.
Blockchain technology applications offer traceability solutions commanding additional premiums in quality-conscious markets. Transparent, immutable production records verify authenticity and build consumer trust that translates directly into price advantages.
Optimizing resource allocation for better investment in organic agriculture
Resource optimization requires understanding input-output relationships unique to organic systems. Precision irrigation designed for organic operations reduces water usage up to 30% while maintaining optimal soil moisture through sensor networks and data analytics, matching the application with crop needs.
Variable rate technology adapted for organic inputs maximizes the effectiveness of expensive amendments. Soil fertility mapping combined with targeted application reduces costs while optimizing nutrition and yield potential across field variations.
Automated weed management represents significant labor savings, where mechanical cultivation costs can reach $200-300 per acre. Robotic weeders and GPS-guided implements reduce requirements while improving control effectiveness, directly impacting both operational costs and marketable yields.
Building Profitable Direct-to-Consumer Channels and Market Positioning
Direct sales channels enable organic farmers to capture full retail premiums while building customer relationships supporting long-term sustainability. USDA Census data shows 18% of certified organic farms sell directly to consumers versus less than 1% of conventional operations, with direct sales representing over 6% of organic food value.
Effective direct-to-consumer development requires strategic investment portfolio planning considering logistics, marketing, regulatory compliance, and customer service capabilities. Successful operations integrate farmers markets, CSA programs, online platforms, and farm stores to maximize reach and revenue potential.
Developing premium pricing strategies for organic produce market trends
Premium pricing strategy begins with accurate cost quantification, ensuring sales prices exceed production costs while providing adequate returns to labor and management. This cost-plus approach maintains profitability regardless of commodity market fluctuations affecting conventional agriculture.
Market positioning should emphasize unique organic value propositions, including environmental benefits, soil health improvement, and synthetic input avoidance. Effective positioning communicates these benefits through storytelling that resonates with target customer values around health, environment, or local economy support.
Value-added processing multiplies revenue potential. On-farm processing into preserved goods, prepared foods, or packaged products can increase per-unit returns 200-300% while extending shelf life and creating year-round income streams from seasonal production.
Maximizing financial success in sustainable farming through market diversification
Market diversification reduces risk exposure while creating multiple revenue streams, offsetting commodity volatility. Successful organic operations typically integrate wholesale commodity sales, direct retail, and institutional contracts with schools, restaurants, and healthcare facilities seeking local organic products.
Online organic food sales growth from 2% in 2012 to 6% in 2020 represents a significant opportunity for tech-savvy producers. E-commerce platforms enable small farms to access customers beyond immediate geography while capturing retail premiums typically reserved for large operations.
Agritourism integration capitalizes on consumer interest in agricultural education and rural experiences. Farm tours, harvest festivals, and educational workshops generate supplemental income while building customer relationships that support direct-sales programs and create brand ambassadors.
Managing Transition Economics and Certification Investment
Organic transition represents the most challenging financial period, requiring careful money management to maintain viability. The three-year certification period before crops qualify for organic premiums creates temporary profit reduction, demanding alternative financing and operational efficiency improvements.
Certification costs vary by operation size and agency, typically ranging $700 to $3,000 annually for small to medium farms. Combined with potentially lower transition yields and equipment purchases, these investments require comprehensive financial planning and cash flow projections.
Strategic planning for investment in organic agriculture infrastructure
Infrastructure investment planning balances immediate needs with long-term profitability goals. Soil health infrastructure, including composting systems, cover crop equipment, and precision cultivation tools, provides compounding returns as productivity improves over time.
Post-harvest infrastructure enables premium capture through proper storage, washing, and packaging facilities. These investments allow organic farmers to access retail markets while extending selling seasons and reducing losses that significantly impact profitability metrics.
Equipment sharing cooperatives and custom operator arrangements reduce individual farm capital requirements while providing access to specialized organic implements. These collaborative approaches spread costs across multiple operations while building community support networks.
Conclusion
Organic farming profitability requires sophisticated integration of premium pricing strategies, cost management systems, and sustainable production practices extending far beyond basic certification. While commodity organic crops face current pressures, underlying fundamentals, including consistent 22-35% profit advantages and growing consumer demand, support profitable operations implementing strategic approaches.
Having guided agricultural enterprises through countless business transformations at Complete Controller, I’ve seen how proper financial management separates thriving organic operations from those missing profit potential. Success requires viewing organic farming as a comprehensive business system rather than a simple production unit, integrating soil health, technology adoption, market development, and detailed financial planning.
The organic sector’s continued expansion, combined with increasing environmental awareness, positions properly managed operations for sustained profitability. However, capturing these opportunities demands commitment to financial management, strategic planning, and record-keeping systems that transform farming into profitable enterprises. Visit Complete Controller to discover how professional bookkeeping and financial planning services can optimize your organic agriculture profitability goals.
Frequently Asked Questions About Organic Farming Profitability
Is organic farming actually more profitable than conventional farming?
Yes, research consistently shows organic farming delivers 22-35% higher profits than conventional agriculture when farmers achieve premium pricing through proper certification and marketing. A 40-year analysis of 44 studies worldwide confirmed organic operations maintain 29-32% profit advantages despite typically lower yields.
How much does it cost to transition to organic farming certification?
Organic certification costs range from $700-3,000 annually depending on farm size and certifying agency. The USDA Organic Certification Cost Share Program covers up to 75% of costs with a $750 maximum per category. Additional transition expenses include potential yield reductions, new equipment, and learning curve impacts during the three-year certification period.
What are the most profitable organic crops for small farmers?
High-value organic crops generating maximum profits per acre include salad greens (60% premiums), herbs, berries, heirloom tomatoes, and specialty vegetables. Direct-to-consumer sales of these crops through farmers markets and CSAs can capture 200-300% premiums over wholesale commodity prices.
How long does it take for organic farming to become profitable?
Organic farms typically achieve profitability within 3-5 years, coinciding with certification completion and soil health improvements. Year one through three involves transition costs without organic premiums. Years four and five see increasing profits as soil biology improves, pest populations balance, and market connections strengthen.
Can technology help improve organic farming profits without compromising certification?
Yes, precision agriculture technologies significantly enhance organic profitability while maintaining certification standards. GPS-guided cultivation, drone crop monitoring, variable-rate organic amendment application, and automated irrigation systems can reduce costs 20-30% while improving yields through optimized resource utilization.
Crowder, D.W. & Reganold, J.P. (2015). “Financial competitiveness of organic agriculture on a global scale.” Proceedings of the National Academy of Sciences. https://pmc.ncbi.nlm.nih.gov/articles/PMC4475942/
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Jennifer BrazerFounder/CEO
Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.
Brittany McMillen is a seasoned Marketing Manager with a sharp eye for strategy and storytelling. With a background in digital marketing, brand development, and customer engagement, she brings a results-driven mindset to every project. Brittany specializes in crafting compelling content and optimizing user experiences that convert. When she’s not reviewing content, she’s exploring the latest marketing trends or championing small business success.
Have you ever captured a picture and stared at it for hours, wondering how to improve it? Are you searching for ways to give your photography a professional look? Recently, there has been a shift towards online image editors. With the development of advanced tools and software, you can edit your picture from any corner of the world or seek help from anyone. But as a beginner, you might be confused about where to start the process. Below are insights into digital image editing tactics.
Digital Image Editing
This term refers to the modification and improvement of digitally saved images with the help of software and various editing tools.
The Era of Image Editors
In the digital era, almost everyone is familiar with photo editing software, including the popular image editing software Photoshop. Some editors believe it ruins your photograph, while others use it to manipulate pictures.
Image Editing Tips for Beginners
Here are some image editing tips to help you better understand editing software.
Image flattening
This is the essential element of every digital image editing practice. As you cannot lay the foundation of a house without primary material, you cannot edit a photo perfectly with this step. It appears in “Camera Raw,” where you’re setting your image. You must open your photograph in Camera Raw and adjust the color temperature and exposure if needed.
Now set up the highlights slider between the range of -30 to -80 and the shadows slider within the scope of +30 to +80. If you want to darken your picture, make the highlights slider dull, flatten the shadows, and set the range in mid-tones. Your image will flatten out and might be looking dull.
To make your image look pretty, choose the proper contrast for it. Remember that by adding too much difference, your image will lose its natural look. Always use the proper toning techniques per your picture requirements in digital image editing.
Use of healing brush
In the next step, go for a healing brush instead of spot healing. It will let you choose your source points to heal. The healing tool helps you remove pimples, dark spots, skin inconsistencies, and background distractions.
You can also use this tool on landscapes, as it lets you eliminate little distractions and spots. However, it would be best to be more attentive to the small details to use this tool efficiently. Otherwise, your image will not meet expectations, and digital image editing will not work for you.
Clone stamp tool
Clone stamp tone lets you both lighten or darken your image. You can either apply it to your background or on your skin. Keep the opacity 15% and use it on those areas which do not contain many details. You can apply it to natural light shots, which do not include points. The frequency-separation option allows you to merge several transitions in the sky, ground, or shapes with fewer details.
Dodge and burn
This digital image editing software contains a feature shape and modifies the light as you choose. There are several ways through which you can dodge or burn your picture. You can set up the curve adjustment layer for brighter and darker exposure. The layer mask and brushes allow you to avoid and burn the best-fit place you want.
Dodge and burn tools can affect shadows, highlights, or mid-tones. You can darken or lighten a single side of your photograph to represent transition. You can do multiple things with the dodge and burn tool to beautify your image.
Frequency separation
Frequency separation is a tactic in digital image editing that makes your skin look smooth. Depending on the picture, you can use it extensively or in moderation. You can apply this tool to your clothes, backdrops, or skies.
Layer change
While using digital image editing software, you can use the layer change tool on almost every photograph. You need to open the B&W layer and modify the blending mode to soft light to make changes. After this, you will observe much contrast in your picture.
For this reason, keep the opacity between 20% to 60%. You can give your image a sharp look and change color-wise luminance on the white and black layers. You can get beautiful skin toning by altering the red and yellow colors.
Highlights with curves
You can change your image’s contrast through the curve adjustment layer. To make an S-shaped curve, you must bring down the top point from the right side and add a second one near it. This step gives your picture some unique color transitions.
Picture editing is no longer complex with a wide range of digital image editing software. You must be attentive and careful while working with different tools and following the image editing tips. This will nrevent you from a mishap bandadd a professional look to your photograph.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
The real estate market has been suffering oscillations recently, which always raises the question: is it an excellent time to buy real estate? The truth is that purchasing a property is a dream for many people for various reasons. Among them, we can cite family needs, the desire to achieve independence by leaving the parents’ house, or simply a form of investment. Regardless of the reason, purchasing a property must be planned and made at the best time to avoid financial problems later.
But what exactly is the best time to buy a property? Below are some ideal situations for you to realize your dream of acquiring your own property.
Career Stability
If you find yourself at a time when your career is stable, and you have a salary that allows you to commit monthly installments over a medium to long term, then this is an excellent time to buy real estate.
As the current job market is going through many changes, many people are afraid to invest in a property because they worry about having a good enough salary to pay the installments. But if you find yourself in a situation where none of this is a hindrance, it is a good time to invest in acquiring real estate.
Family Needs
Many people have the desire to marry and raise a family. In this case, acquiring a property to house the new family is often necessary. Another common case involving family needs is when a family that has lived paying rent for many years finds it better to invest their money by paying mortgage installments on their property.
If you have a certain amount saved or are thinking about real estate, this is an excellent time to buy real estate. Determine the family’s current needs and act cautiously, selecting the property and the form of payment.
Availability of Money
Did you receive an inheritance, win the lottery, or save a lot of money? This can be an excellent time to buy real estate.
Remember that one of the main advantages of acquiring this type of asset is its tendency to appreciate over time. This investment only monetizes unless you leave the property and fail to do the necessary maintenance. Also, if you are in no hurry to sell your property, you can rent it, get extra income, and potentially buy a second property later.
Lack of Alignment
Was a child born? Are your parents older and no longer want to climb stairs? Have some members moved out, and now the house is too big? These are some of the reasons why people decide to buy another property.
When your home no longer meets the family’s needs, it is an excellent time to buy real estate that suits your new reality, whatever it may be. A couple whose children are adults may want to keep a house in town and another in the country or on the beach. Professionals who frequently move from one city to another may prefer a loft of their own rather than staying in hotels.
City Change
Whether it is by choice or by necessity, it may be that your life will move you to a new city. With an apartment or a home, you will feel more secure in facing the transformations brought about by that decision. Be sure to evaluate prices, which can change significantly from one city to another. In capitals, the value of real estate is usually higher. Meanwhile, the suburbs can bring quality of life and resource savings in acquiring property.
Desire to Live Alone
At some point in life, many young people are eager to begin their lives alone, without the supervision of their parents. In the same way, whoever stays in the family for a longer time also desires to have his own house with his own rules. And this is also an excellent time to buy real estate!
Financial and emotional independence provides maturity, develops responsibilities, and enables decision-making without worrying about anyone else’s opinion.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Your employees are your greatest assets. They generate your revenue, earn you profit, and play a significant role in keeping your company going. All’s well and good initially; however, a problem arises when they’re sitting on a desk from 9-5, attached to a computer. A monotonous lifestyle is bound to create a shift, not in the lifestyle, but in the mindset.
See, two things happen when your employees are working. One: they are working and working, productive beyond measure. Two: they become absent-minded, lost in the words they type. It becomes worse when one transforms into two as well. Now, if not all, then most of your employees are absent-minded. The issue here is how you identify absent-mindedness. Is it absent-mindedness, or do they take too many off days?
A specific routine can get on to the heart, and it’s worse if the seat is weak. Absenteeism is essentially a lack of attendance at work without any valid reason. Many people take leaves because they need a break, and some take them because they might feel lazy. Supervisors will never know the truth because calling in sick is as easy as falling off a log. There are, however, quite a few reasons why employee absenteeism rates are high.
Burnout
Research proves that burnout is directly connected to decreased performance in the workplace (Ruotsalainen et al., 2015). This phenomenon may lead to multiple withdrawal symptoms, such as absenteeism and intention to leave the job (Alarcon, 2011; Kim and Kao, 2014).
Burnout does not just involve a reduced interest but is a form of exhaustion. It acts like a seed that grows to be a plant. It will continue to reap results, majorly negative, eventually taking a toll on one’s mental energy. To have money come into your account, you will still go to work, but with low motivation rates and a reduced sense of accomplishment. This dissatisfaction has much to do with your environment, too.
In all honesty, if your employee’s friends are with them or have someone they like at their workplace, attendance would benefit, wouldn’t it? It is all about forming a feeling of homeliness where you work. They are giving 9 hours of their day, the crunch of their time, to your workplace, and if you are not satisfied, that means you are simply not receiving it. Maslach (1982) defined burnout as a psychological syndrome that includes emotional exhaustion, reduced sense of accomplishment, and depersonalization among professionals working with different people in relatively demanding situations.
Other Reasons
Employees can feel particularly vulnerable at the next workplace. One of the reasons they can demonstrate absenteeism is because they are dealing with personal issues. These emotional issues can involve commitments at home or those within relationships. It can get tricky to juggle so much together.
Having no control of your work or what you oversee can be particularly tough on the brain. As humans born to live and love, society has enforced so much on us that managing emotions with our work is difficult. An age-old traditional idiom says you won’t succeed if you don’t put your heart into something. What do you do? Put your seat at work, then what do you give to your family? Your employees give so much to their families; they have nothing left to bring to their presentation at work.
There is too much to juggle and not too many hands to help. Swamped with expectations, your employee takes a break. A break means an off day. They feel loosened and relaxed. And it helps. So, they take more and more and more. While it is understandable, the fact remains that if they can’t do the job, you will find someone else to do it for you. Even the boss will get fired if the deadline is not met at the end of the day. You must come up with a middle ground.
Solution
What if you introduce tight work timings with workload divided at points that we, as humans, can logically fulfill? What if you put yourself in their position and target precisely that? It is laborious and time-consuming but think about the results it would reap. It is a one-time effort that would be long-lasting and ease your conscience. Of course, prolonged absences cannot compromise work, and your employee cannot be absent every other day, but you can have additional help, can’t you?
Companies must rethink policies that help establish facts and figures for bosses and employees—the narrative changes when we change our perspectives. You can set up procedures to reduce absenteeism, and your employees will follow them, but what if you change the way you see absenteeism and develop a solution that would help in the long term?
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
On the global level, only a few countries have industrialized without innovating their agricultural sector. Unbelievably, agricultural transformation can reduce poverty by consistently improving rural economic growth.
The transformational procedures start with increasing the income of rural households, higher productivity in the agricultural fields, and increased demands within the local market. The increase in productivity enables targeting larger markets, ago-processing increases, and farmers decide to take more jobs because of the decrease in work. Modernization in the agriculture sector results in becoming more efficient and less labor-centric. On the other hand, non-agricultural sectors have become more labor-intensive to manage significant growth.
For the analysis, it was mandatory to measure those countries in the middle of their agricultural transformation phase or at an abrupt halt. The most prominent indicators of any economic transformation are the decline in farm production and the overall drop in GDP. It also deals with reducing the economically driven people in the agricultural sector within the country’s total crop of people employed. The indicators depict that the farm sector has become more efficient while the economy is also growing.
These indicators fall into the macroeconomic list of indicators. Moreover, metrics will be here that define the transformational change in agriculture locally or even at the household level. For example, the ratio that depicts the agribusiness output from the total agriculture GDP will rise significantly in the earlier stages of the transformation. Additionally, as discussed beforehand, rural wages will increase as the transformation in agriculture occurs, irrespective of the factors that make it possible. In time, people witnessed those households linked to farming change their consumption style. They will significantly buy more from processed goods in the market, in contrast to what they grow in their fields.
Nevertheless, it is essential to understand how a farming household will experience a change in income during the agricultural transformation. Farmers will adopt innovative technologies, perform creative farming measures, and expand operations for better results. Moreover, farming households will try to earn income from other sources but continue to work on their lands. On the other hand, families will leave the farming business and migrate elsewhere. The subtleties of the work involving agricultural transformation also vary extensively with the geographic nature of the country, such as the markets, quality of the road, and ecological system. These factors are core characteristics that can track a country’s progress to a successful agricultural transformation.
Ensuring a Successful Agricultural Transformation
Numerous metrics were considered when determining the agricultural transformation of different countries. The patterns were quite visible after discussing the historical data regarding the transition across Asia, Africa, and Latin America. The performance metrics were chosen based on their success and unsuccessful periods during the transformation phase. The research does not include those lagging metrics, creating a prospect that the transformation process will continue. The metrics also depicted the level of readiness towards the successful implementation and selected those who were absent. The absence of indicators showed that the victimized countries had to stop their transformation process. Even though countries take different routes towards their transition process, the present study identified twenty-five performance indicators essential to ensuring transformational change in the agricultural aspect.
Critical Influential Areas
The twenty-five measuring criteria consist of the essential features to ensure agricultural transformation. The ten metrics selected measure the commitment and the methods taken by the government sector. It consists of the strategies and implementation approaches that can drive a transformational change for a country. The present study highlighted that the countries that considered these metrics, if not excelled exceptionally, still survived the transformational change. However, the countries that fail to adopt these metrics may fail to ensure a transformational change in their agricultural sector.
Conclusion
After analyzing the need for agricultural transformation and how countries should go about it, it is without a doubt that governments need to work hard. They need to identify a course that can accelerate the transition phase and reduce the likelihood of stalling. Moreover, it is essential to understand that today’s transformation differs from the past decades. Nonetheless, the standard set of institutional, organizational, and political factors remains unchanged for agricultural transformation.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
Do you have plans to invest in real estate this year? If so, it makes sense to investigate opportunities you might find on the way—those who have barely started exploring their real estate options. The global economy fluctuates and often ends in a recession, much like the real estate market. It is best to keep your options open to capitalize on the opportunity when the time is right. It is worth noting that real estate is a volatile industry where property prices keep rolling up and down. When you see this happening, know that it is time to get in touch with experts. Get more on this below:
A Glimpse into the Storm
So, what happens when global economies crash or show signs of an inevitable crash? Will you experience symptoms, or will it all sail over your head? Keeping the 2008 recession in view, only a select few will know if a storm is brewing. Fortunately, real estate agents are among those who can smell a recession coming. Before exploring your options and finding ways of buying, selling, or renting a property for residential purposes, contact a real estate agent immediately.
Soon, you will discuss your real estate options with a proficient, reliable agent. The economy has a profound impact on the real estate market. Knowing about this beforehand is not easy. It will help if you keep the company of someone who knows and understands the need.
What Happens if Economies Fall?
The real estate market and the world economy are connected. This market segment is more volatile because it runs on speculations, much like how we do business in the stock market, where speculation rules. Rumors can make or break sessions after sessions in the market. The same goes for real estate, as prices fall after speculations lead the market. Why would anyone care? Hypotheses come about rumors that can be true or false. If there is news about the economy, regardless of whether it is true, the market will likely fall victim to speculation based on rumors.
They were wondering what happens when a global meltdown is around the corner. Markets begin to fall more quickly, and no recovery is in sight. The market continues to spiral downward, and price hike becomes a norm. Property prices continue to rise for as long as the recession continues. Remember that an economic meltdown does not end in a day or two. With all this going on, investors start to vacate the market and withdraw their capital as soon as possible. Investors suffer enormous losses depending on the amount they have invested.
Interest Rates Go Out of Control
If you have ever invested in a property, you would know that interest rates significantly impact real estate prices. With economic turmoil, the interest rates will become out of control. Having no check and balance on interest rates means that property prices and rent will go out of hand. No compensation will again increase the costs of properties. Those looking to rent properties for commercial purposes should wait.
With interest rates out of control, mortgage rates also suffer. Remember that mortgage rates may remain out of control if interest rates are out of check. Let the interest rate settle, and then decide whether or not the market is worth investing in.
Government Policies
The government must keep a check on things no matter how bad they are. You should set up the availability of emergency protocols to keep things under control to some degree. The real estate market may be volatile, but some would consider investing in buying properties despite knowing the fluctuation. Prices were never lower, and sellers were ready to incur losses. Investors will find this is the best opportunity to invest in lucrative properties. Think about it: who would let go of such an opportunity?
Understanding the real estate market is difficult for novices. It is best to keep a relationship with your real estate agent so he can guide you on buying and selling properties that may become lucrative and regain their market value in little time. Likewise, those of you looking to rent properties can also find it an excellent opportunity to invest. You need to know when and what property to invest in. Let your real estate agent help you find the best investment opportunities.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
A proper accounting system in place is essential for any business to flourish. Successful entrepreneurs suggest it is best to set up a robust accounting system right at the company’s start, allowing it to mature as business operations grow and thus build a sturdy foundation for the businesses. A proper accounting system promises countless benefits, with updated financials being the most important. It is always convenient for a small business owner to have updated financial information. That can only happen if there’s a proper system of recording transactions, monitoring the budget, and promptly managing cash flow and income statements.
You can conveniently achieve all of this by setting up appropriate accounting software.
If you are freshly starting with your business and have little to no clue about setting up the accounting system for your business, you have nothing to worry about. Here, we have listed a step-by-step guide to implementing a proper accounting system for your small business. It isn’t as complicated as some professionals might make it sound.
Step 1 – Getting started. Set up your bank account: Before you make any purchases or give up any business services, it is best to open a separate bank account for your business. Individual bank accounts will help track your business finances efficiently. A different credit card, creditors’ accounts, and payroll accounts are also essential to accurately manage all business transactions and record taxes.
Step 2 – Pick an accounting method: The Internal Revenue Service (IRS) has introduced two commonly used business accounting methods. These include the cash method and the accrual method. With the cash method, income is recorded when the cash is received in your bank account and not when registered or invoiced. Similarly, expenses are calculated when you pay the vendor. The accrual method, on the other hand, works with invoices and billing dates. The cash method works fine for small businesses since the transactions are not large, and you only pay taxes for the money that came in or left your account in a fiscal year.
Step 3 – Hire an accounting professional: With your bank account set and accounting system selected, it is time to hire the services of a professional accountant to deal with your business’s regular bookkeeping and accounting tasks. Even though accounting and bookkeeping differ in functions, the latter being a simple data entry task and the former including detailed financial analysis, for small businesses, a single person can carry both tasks efficiently at the start. Hire someone with a good skill set in managing the accounts of a small business. If you are not too particular about hiring someone, you can even choose to outsource your accounting to specialized companies. Establishing an in-house accounting team for more control over the finances would be best.
Step 4 – Get a proper accounting Tool: With the help of your accounting professional, select the tool that best suits your business needs. Many accounting tools are available, offering varying functionalities and complex functions. Discuss your financial management requirements with your accounting expert and special software that fulfills all your business requirements.
Buying a cloud-based or server-based accounting software that offers cross-integrations is suggested. If your business finances don’t allow you to spend a lot on accounting software, you could get free or basic versions of the software.
Step 5 – Create a budget: With all your accounting tools in place, create a preliminary budget for your organization. Allocate a pre-set amount for each department or task and further redistribute how you plan to use each department’s funding. Good accounting tools offer practical budgeting tools that allow you to allocate budgets and adequately monitor the progress in real-time. After your budget is calculated, it becomes easy to record transactions and monitor the consumption of the budget at ease.
Step 6 – Record transactions timely:
Record all transactions meticulously with your tools ready and budget-curated.
Don’t leave the recording for the end of the month because that can increase the risk of error.
Keep your books updated daily and reconcile them weekly with your bank accounts to clearly understand your finances.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
The Covid-19 pandemic took the world by storm in 2020, its effects were truly unprecedented, and it has brought society a wholesome time to recover; in fact, some countries are still not out of the woods. The pandemic crippled businesses across every industry, but human beings are nothing if not resilient. Companies have gradually adjusted, and we slowly move back to a semblance of normalcy.
Old vs. New
As businesses adjust, technology has played a vital role in helping us navigate through our new normal. Let us look at the mortgage industry, for example. Recent changes in market demand and customer expectations have made digital mortgage systems necessary for any business in this industry. Fintech lenders have been leveraging the power of technology in the mortgage industry for some time now, so the adjustment has not been as difficult for them. Still, old-fashioned mortgage lenders have had a steep learning curve to overcome
The Market Booms! A Rise of Mortgage Fraud
Mortgage rates in 2020 hit an all-time low, causing demand to rise faster than most industries could keep up with, at least without technology. Fintech makes processing mortgage payments quicker and far more efficient, but these low mortgage rates also attract those terrible actors looking to defraud people. The number of scams documented rose by 1316 every month in 2020. Software solutions also offer more significant security protocols in the mortgage industry.
Widespread frauds in the industry include occupancy fraud, straw buyers, and air loan fraud. The rising frequency of swindles makes it more necessary than ever for mortgage lenders to verify people’s identities and confirm the authenticity of their desired property purchase before giving them a mortgage loan. Modern technology can verify that mortgage applications are legitimate faster and more accurately than any human could.
The Solutions
Big data
Predictive analytics and other such technologies are making data collection faster than ever. Businesses now have the technology to compile more robust data on their customers and the rest of the market, opening entirely new possibilities that were utterly unachievable until now.
Big data has made several practices within the mortgage industry more efficient than ever before, including underwriting, account servicing, regulatory reporting, and identifying fraud and other risks.
In the mortgage industry, who is and is not eligible for a loan is determined using credit scores and other such financial analytics; big data can help process such calculations faster and may even discover benchmarks for loan eligibility that most people would have overlooked. Thanks to big data, more millennials and marginalized groups such as immigrants can avail of mortgage loans because modern data analysis methods can consider factors such as rent, utility, digital services, and telecom payments.
Artificial intelligence
As we know, artificial intelligence is still a very new industry standard, but it is already making waves in automation and productivity across different industries. In the mortgage industry, AI is helping to improve efficiency and accuracy in the lending process, allowing lenders more excellent opportunities for scalability.
How Does Modern Technology Benefit Lenders?
Those who choose to take out a mortgage loan are not the only ones benefiting from industry technology; lenders are also helping. Technology has already successfully eliminated paper-intensive processes, meaning lenders can position their businesses as more environmentally conscious.
Implementing technology into the mortgage industry also allows businesses to cut costs by eliminating redundancies, reducing the need for human intervention, and performing tasks involved in the lending process faster than ever before.
Lenders looking to integrate technology into their business should first assess their company’s unique needs and goals. They should pinpoint specific redundancies and other issues in the overall business process and decide what technology solutions will benefit theirbusiness.
Where Do We Go From Here?
The COVID-19 pandemic changed how businesses operate and affected people’s market demands across various market segments. We can expect unprecedented innovations as the tech industry rises to meet these new needs and expectations.
It is difficult to say where precisely the mortgage industry will go from here. As the boom settles, we should see the market gradually stabilize; what will be the role of modern technology as this happens? Will technology continue to benefit the disenfranchised? Homelessness is a grave issue, and there is no end in sight for now. Many questions are yet to be answered, but we must wait and see.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
If you are an IT student, there is good news for you. You may have more employment opportunities than your siblings or friends who are not in this industry. The IT industry is not only here to stay; some say it will revolutionize how we do business and live forever.
Whether or not that will happen in our lifetime is another subject, but there are signs that it will change perceptions worldwide. So, what makes this industry stand out, and why is it so lucrative? Here are five reasons software and IT jobs will double in ten years.
More Educational Institutions
We now have more IT institutions and universities in several parts of the world. IT subjects have become a matter of choice for students across the globe. These students spend plenty of time studying and choosing suitable career options.
The immense popularity of subjects related to IT is a testament to its popularity. Students prefer to study IT subjects as they find them interesting, intuitive, and compelling, not to mention that IT institutions are more common and accessible.
Global Acceptance
One of the reasons IT jobs will double in 10 years is because it is globally accepted. More IT graduates enter the job market annually, and many find adequate job opportunities. It can be said that finding IT jobs is relatively easy compared to other industries.
Those studying medicine or engineering may not have this much acceptability. Students with degrees in medicine and engineering may need to learn more when they go abroad to seek employment opportunities. The same can not be said about IT. An IT graduate studying at an institution in India can easily find a job in a company located in the United States.
Spread of Technology
The IT industry is vast and has many branches. We have software engineers, web developers, designers, networking associates, and engineers serving different sectors. No industry today can survive without IT professionals. Considering the IT industry’s expanding influence, it is worth mentioning that it will grow in the coming years.
More companies will invest in technology, while others will upgrade their IT infrastructure. This has been a yearly practice of corporations worldwide and will likely continue. There will always be hiring IT professionals in a world incorporating more innovative tech concepts.
Software is Everywhere
To run hardware, you need software, without which your hardware will not work correctly. Software engineers are in high demand across the world. Software is a highly specialized field where only the most proficient survive. Software companies are intuitive enough to realize the need for high-performance software. They use different means to enhance the feature set of existing software and release new versions when the older version becomes obsolete. Remember that every software is designed with a specific requirement in mind. It is not possible to continue expanding that feature set all the time.
Therefore, we witness the release of new versions after a year or two. Software programs fall under different categories. The operating system of your desktop, laptop, smartphone, and tablet PC is also a type of software.
Operating systems are loaded with many features and continue to expand these in every fresh release. Hardware-specific software, such as drivers, is used to run the hardware. Recall installing new drivers in your computer each time you install new hardware.
The operating system requested driver software installation, without which it wouldn’t function properly. Some OS had a repository of fundamental OEM drivers to run the hardware in primary mode. Although these lacked the complete feature set of the device, they allowed the hardware to work.
Networking
Look behind your computer; you will see it connected with a cable. This is the network connection to your LAN card. The optic fiber carries the data and gives your system access to the internet. Corporations use commercial networking solutions that allow much higher throughput.
They allow terabytes of data to be processed at a given time. These solutions have powerful hardware combined with equally proficient networking infrastructure to support efficient access to the internet 24/7.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.
