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Reserves and Provisions
Every prudently and systematically managed business concern makes some provision out of current profits for meeting an anticipated liability, redeeming a liability, replacing an asset or for some other important business purpose.

Other careful estimates Related Articles

Meetings
I had breakfast today with a senior executive who estimates she spends more than 30% of her time in internal meetings.

Elephant Math
Darwin pointed out that if you take one pair of breeding elephants and make some conservative estimates about their fertility, you would have more than 15 million elephants in less than 500 years (if none of them died an early death.)

3.8 Working to end child labour: Working Out of Poverty
Ensuring that children have a chance to break out of the cycle of poverty is a cause that has attracted worldwide support. The latest ILO estimates for 2000 are that some 352 million children between the ages of 5 and 17 were economically active.

The "2Bs": Buffett. Basics.
The subprime mess gets nastier by the day. I've seen recent estimates of the fiscal damage alone exceeding $1 trillion. (Not enough pain to reduce Wall Street bonuses, mind you—a record $39 billion in performance-based handouts expected.)

How Do You Speak to Yourself?
Having excellent communication skills means not only being careful what you say to others, but being extra careful as to what message your own brain is receiving on a daily basis. Read on to learn how negative self-talk affects you in a real bad way.

Deflation and the Dollar, Round 2?
The oil inventory numbers came out yesterday and there was an increase of roughly 5 million barrels, 1 million more than the American Petroleum Institute’s (API) estimates. Consequently, the price plunged nearly 6% in its largest drop in nearly 3 months. But is this the whole story?

The Power Of Social Media For Marketing Your Business
Social media can be a very powerful tool for promoting your product, service, or brand. But be careful. If social media is misused, it can turn off your followers. Unfortunately, this type of exodus is quick and permanent. Social media tools make it easy to unsubscribe or unfollow. That means you don't have second chances and you have to be extra careful with your dialog.

How To Choose The Best Network Marketing Company, Part 3: Who says No or Yes?
A network marketing company should be as selective and careful about choosing to work with you, as you are being selective and careful about choosing to work with them! Partnering in any business should be a two-way road. Here are 4 recruiting tactics that a good recruiter/team leader should exhibit when interviewing you.

Padding Estimates
We all know there is a game of padding estimates in most parts of our society. It certainly exists in business. Here are a few helpful thoughts on how you can get more accurate numbers.

5 Contractor Selling Techniques to use with Research-Savvy Customers
There are many kinds of customers, but the most classic might be the “we’re just shopping" type of customer. When this customer presents him or herself to you, they like to make sure that you know they are “just starting the process” of getting estimates.

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