Tips by Ateeya Manzoor to Assess Property Accounting and Financial Management Performance

Many managers and investors are not entirely comfortable with the accounting and financial management components of their business or the real estate they would like to invest their capital into. While no single article can cover accounting and finance thoroughly, there are a few specific points that can be reviewed and will offer strong guidance regarding the condition of a project.

First, this article focuses on an operating property's current results. This article does not focus on a development project or new investment from the perspective of new management. With this in mind, the following tips suggested by Ms. Ateeya Manzoor (A Property Developer and Manager) are relevant:

1) The property should have a ledger of transactions that shows each and every transaction regardless of format.

2) "Paid the Visa bill" is not an accurate recording of the transactions. The accounting records will show a payment to Visa, but Visa should be a liability account with many transactions occurring potentially on that account. Additionally, the Visa bill will have a monthly set of finance charges and fees. Ensure that each payment with the Visa is fully recorded. This can be applied to all line of credit accounts or revolving credit accounts. This also applies well to petty cash.

3) Transactions fall in several categories including receivables or income transactions, expense transactions, capital cost transactions, capital receipts, capital distributions, liability principal and interest payments. Ensure each transaction is correctly recorded.

4) The account balances should tie accurately into the balance sheet.

5) The bank reconciliation should result in the account balance being exactly to the cash balance on the balance sheet.

6) The books should be closed on a consistent date each month. At the properties I've operated, we closed the books typically at the close of the 2nd full week of the month or later for the previous month. By taking this approach, we avoided conflicting with rent collections and provided a relatively slower operating environment for the work.

7) You should have a list of required compliance payments and reports made monthly, quarterly, and annually. In general, these payments are property taxes, payroll taxes, fees with the state corporation commission or equivalent. Additionally, most states have quarterly payroll tax reports to submit.

8) The accounting records should include a copy of project HUD1s or settlement sheets, copies of current and past loan documents, all long term service contracts.

Completing these steps will generally result in accurate books. Additionally, if all transactions are recorded in full any good accounting firm can quickly recover the books totally from this information. With these items in hand, the manager has what is required for accurate, effective, and producing accounting records. Further, keeping the records in good condition is much less difficult from this position.

Ateeya Manzoor is a Managing Director of Mayfair Management Group. She is a skilled strategic and risk manager and has worked on projects in the technology, legal, hospitality, property development, engineering, oil and gas and professional development industries.
Through her keen eye, Ateeya's core gift is to convert and fully realize potential. She has a unique ability to see things when others may not. Her talent is to anchor in businesses requiring structure or a fresh perspective. Clients value her vision and unrelenting commitment to delivering tangible results.
For more details, please visit here: http://ateeyamanzoorpost.simplesite.com

Industrial Project Management Requires Commitment And Knowledge!

Industrial Project Management seems like a lucrative term and indeed it is however it requires deep knowledge and expertise. While we may think that because it is our project, who else will know it better than us but when you actually start doing it, the need for full time dedication arises. The conception of a project happens when you think about an idea post which you need to give proper shape to it.

Tasks such as estimation and allocation of resources, scheduling, project task coordination, procurement assistance, and mechanical and electrical bid requests are a part of the project management process. While doing a project you also need to do risk management and take care of the quality management aspect. Apart from this you are required to control the project execution, implement a management information system, forecast future trends through the project and instill ways of preventing defects.

Electrical and design controls is a separate area altogether that includes responsibilities of process control, doing single line diagrams, preparing layouts, programming and peripheral equipment interfacing. Some on-site services also need to be taken care of such as field management, equipment check-out and systems start-up. Site selection and market research are two other areas that require expert guidance and complete dedication.

An important aspect of project management is information about subsidies being provided by the government. That's because a project demands huge capital and if you have someone to pay up to 50% of your expenditure, then what else can you ask for! The government has introduced various subsidies and schemes to promote growth and expansion of various sectors. Some of the existing benefits in the manufacturing and industrial sector are of up to Rs. 40 crore each in Plastic, Textile and Leather Park. You can also avail a help of up to Rs. 60 crore for Industrial Park and up to Rs. 17 crore for Small Scale Industries.

Another activity that asks for time, effort and knowledge is the process of taking the required approvals. This includes industrial zoning, water and power approvals, and approvals equivalent to Industrial Development Corporation. Along with this you also need to concentrate on land development and acquisitions if that's the requirement. Registration, taxation and funding are few other duties involved in this process.

Not to be forgotten, project management process also involves the project marketing activity. Here you need to do tasks such as gap analysis of demand and supply, market share and revenue forecasting, pricing and penetration strategy, and option creation and evaluation for marketing mix.

While some of the activities talked about above may sound very simple and easy going however even one miss can cost a lot as every aspect of industrial project management has huge relevance. So a full time committed team is a must for a successful project, especially when you spend so much on it.

Ateeya Manzoor is a Skilled Strategic, Risk Manager associated with Mayfair Management Group with over 20 years of experience. Through her 20+ year career spanning Bay Street and Main Street, she has worked on projects in the technology, legal, hospitality, property development, engineering, oil and gas and professional development industries.
Her talent is to anchor in businesses requiring structure or a fresh perspective. Clients value her vision and unrelenting commitment to delivering tangible results.
For more details, please visit here: https://ateeyamanzoor.jimdo.com/

Economic Perspective on Entrepreneurship - Ateeya Manzoor

The concept of entrepreneurship is multifaceted. There are varied, diverse and somewhat contradictory sets of definitions of the term. As a way out the definitional dilemma, this article aims to explain the economic perspective on entrepreneurship.

The economic perspective rests on certain economic variables which include innovation, risk bearing, and resource mobilization.

Innovation/Creativity: In this approach, entrepreneurs are individuals who carry out new combination of productive resources. The key ingredient, the carrying out of new combination (or innovation) distinguishes entrepreneurs from non-entrepreneurs. While new venture creation appears as the most prevalent form of entrepreneurship, there exist other forms. Entrepreneurship also involves the initiation of changes in the form of subsequent expansion in the amount of goods produced, and in existing form or structure of organisational relationships.

In the entrepreneurship literature, some scholars have questioned the use of organization creation as criterion for entrepreneurship. It has been argued that organizations such as political parties, associations and social groups are always created by people who are not "entrepreneurs." Interesting as it might sound, the terms entrepreneurship and entrepreneur have been adopted by varied scholars to meet the innovation and spirit of the time. This is evidenced by attempts to apply entrepreneurial thinking to contemporary team-oriented workplace strategies. Members of such groups - political parties, associations and social groups - therefore, could be called entrepreneurial teams. Besides, activities inherent in such groups have flourished in recent years, and are increasingly being described as social entrepreneurship.

Risk Taking: This is another economic variable upon which the economic perspective revolves. Risk taking distinguishes entrepreneurs from non-entrepreneurs. Generally, entrepreneurs are calculated risk takers. They bear the uncertainty in market dynamics. This notion has its critics and advocates. Entrepreneurs may not necessarily risk her own funds but risk other personal capital such as reputation and the possibility of being more gainfully employed elsewhere.

Resource Mobilization: here, entrepreneurship is reflected in alertness to perceived profit opportunities in the economy. This implies the allocation of resources in pursuit of opportunities with the entrepreneur playing the role of an opportunity identifier. This way, entrepreneurs are distinguished by their ability to identify persistent shocks or challenges (of long term opportunities) to the environment, and then to synthesize the information and take decisive actions based upon it.

This article has conceptualized entrepreneurship based on resource mobilization, risk taking, and innovation. Beyond the above-mentioned economic variables, entrepreneurship can also be viewed based on a set of personal characteristics, motives and incentives of the actor in the entrepreneurship act. This is the psychological perspective, the subject of a future article. In addition to the psychological perspective, we shall also examine the process and small business

Ms. Ateeya Manzoor is a managing director and management strategist and partner at Mayfair Management Group.
As a professional with over fifteen years of experience, Ateeya Manzoor has worked with a large range of clients in various industries and sizes, ranging from large publicly traded financial institutions and technology firms, large resorts to midsized oil and gas companies, to small non-profits requiring a fresh perspective.
To read more, please visit here: http://ateeyamanzoorpost.simplesite.com

A Look at Stock Trading From a Business Perspective by Ateeya Manzoor

Because of the large size of the stock market, beginner investors seem to feel overwhelmed as to where to even begin investing their money. To most people, the market presents a tangled web of options but does not provide the road map of clarity to direct their way along way in their investment adventure.

Ateeya Manzoor believes that the key to investing in stocks is to become as educated as possible so that you know exactly what is taking place at all times. This helps people to make logical and sound decisions about their money, thus, reducing the stress involved with investing.

The average person, when beginning to entertain the idea of investing in the market, falls into one of two categories. Category one is the gambler who feels that investing is definitely a form of gambling and no matter what they do, they are certain that they will lose money rather than make money. It seems that this opinion of investing in stocks is either formed from friends and family that have lost in the stock market or personal experience.

If a person has personally lost in the stock market, it is quite evident that they were not educated enough at the time of their investment into the stock market. Therefore, they must become educated as to what exactly the stock market is as well as how it works in order to become successful investor.

Category two, on the other hand, represents the "go-getter" investor, which is an individual who knows that they should invest into the stock market for the security of their financial future, but they have absolutely no idea where to begin. The "go-getters" tend to leave their financial decisions up to professionals; therefore, they are unable to explain why they own a certain stock.

A typical "go-getter" operates in blind faith, as one stock goes up in value, they more than likely will purchase it. The "go-getter" is in worse shape than the gambler in that they will invest like everyone else and then wonder why they receive unsatisfactory or devastating results. This just proves that the average person should become thoroughly educated about the stock market as well as stocks before investment takes place.

Ateeya Manzoor is a managing director and management strategist and partner at Mayfair Management Group.
As a professional with over fifteen years of experience, Ateeya Manzoor has worked with a large range of clients in various industries and sizes, ranging from large publicly traded financial institutions and technology firms, large resorts to midsized oil and gas companies, to small non-profits requiring a fresh perspective.
To read more, please visit here: https://ateeyamanzoor.wordpress.com/

Invest in Oil and Gas Opportunities - Ateeya Manzoor

Investing in oil and gas opportunities being offered by the best oil and gas companies is a sure way to beat the stock market these days. It has to be done correctly and only with the very best companies. Ms. Ateeya Manzoor suggests that Companies that you choose to invest in must be successful and knowledgeable of the risks that go along with drilling for oil and gas. They must know how to handle and manage these risks, have best technology, hire the best contractors and drilling companies, and be able to perform well in all market conditions. By investing with consistently well performing companies, you minimize your risk.

There are many areas of concern when investing with oil and gas companies. Beware of quick estimates of cash flow distributions from newly drilled wells. At least 90 days are needed to begin to receive income from new development activities. New wells require fine-tuning and purchase contracts need to be negotiated, especially when drilling deep onshore or offshore wells that have large commercial reserves. The process usually takes between 6-12 months for cash flow to really begin. Big companies want to establish long-term cash flow and not shallow wells with short-lived production, something to keep in mind when considering investments. Successful companies do not entertain wells with rapidly depleting reservoirs, they want to maintain revenue stream for a longer period of time.

Another area of concern is to be sure that the tax write-offs are legitimate and properly listed in their yearly K-1 reports. These reports are prepared by the development companies and sent to the IRS yearly. That way, you can get all of the tax benefits available from the investment to lower your taxable income from all the sources. A combination of these areas: cash flow from oil and gas revenue distribution, your return on investment, taking advantage of your legal tax benefits, and trusting the companies you are investing with are essential to the success of your oil and gas investment.

This requires a level of sophistication, only possessed by top individuals in the business. If you decide to invest in this arena, do not attempt to do it without professional guidance.

Ateeya Manzoor is the Managing Director of Mayfair Management Group.
As a professional with over fifteen years of experience, Ateeya Manzoor has worked with a large range of clients in various industries and sizes, ranging from large publicly traded financial institutions and technology firms, large resorts and entertainment venues, to midsized oil and gas companies, midsized medical and quasi medical coaching practices, to small non-profits requiring a fresh perspective.
For more info about Ms. Ateeya, visit here: http://ateeyamanzoor.bcz.com/about/

Ways by Ateeya Manzoor to Raise Funds for Charity Work

It is quite obvious that in order to help the underprivileged people the charity organizations need to be financially strong. Otherwise, the members will find it difficult to give them the financial support. This is why; if you are planning to set up such an institute you need to know some of the effective strategies regarding fund raising for the philanthropic activities.


There are usually a number of ways, which you can adopt for collecting money from market. Among them some of the most popular ways enlisted by Ateeya Manzoor are as follows:

Street Fund Raising

You can appoint some people, who will stand at different locations and through their conversation will let the people know about your organizational activities. If these people are convinced you will see that they are contributing money at their own will. Since it is a part of charity fund raising campaign, do not force anyone to contribute. If they think that they should get involved with such a good work then only take money from them.

Sponsorship from Corporate Organizations

Getting corporate sponsorship is indeed one of the best ways to accumulate money. Nowadays, there are several reputed business institutes that prefer to be a part of such charitable work. So, get in touch with those companies and ask for donation.

Auctions for Charity

Usually, people donate items to auctions and the money acquired from those staff is donated to the charity organizations. In recent times, there are also a number of online auction websites, from where the general people bid on items.

Organizing Cultural and Sports Events

Sometimes, such events are organized in order to raise funds for charity work. In such type of shows, well-known people perform and participate. This is why; people purchase tickets and the money they spend for buying their entry fees are donated to the charity fund.

Arranging a Rubber Duck Race

Usually the philanthropic institutes buy the ducks in bulk and then ask for permission from the local council for organizing a duck race there. Thereafter they invite people, who will sponsor those ducks. Usually, each person sponsors one duck and the one who wins among them gets good amount as a prize. Thereafter this sum of money is transferred to the charity fund.

Though, there are plenty other ways, these are indeed the most effective techniques. So, if you are in need of money for your charity organization you can go for these options.


Ateeya Manzoor is the Managing Director of Mayfair Management Group.
Ateeya has a commitment to realizing potential which extends in her philanthropic work. Through numerous charitable causes, talks, writings and mentorship, she is committed showing those who struggle that there is always a way to ascend. She is currently working on her first book.
To read more, please visit here: https://ateeyamanzoor.wordpress.com/

Value by Ateeya Manzoor of Management Consulting

Having a really good consulting as part of your executive coaching team can be worth its weight in gold. As senior managers we are always expected to pull a rabbit out of the hat in times of crisis and fix whatever problems may surface, but who do you turn to when you don't know what to do?

Many executives have a very hard time giving consulting due credit or even contracting with one out of fear of in doing so they will seem incompetent. This is probably the main reason that the discovery phase of a crisis can take on a very combative appearance. Before you can even begin to strategies on the problem you have to first prove you are who you say you are.

So you are running a company or a division and you wonder where you have room for improvement. According to Ateeya Manzoor first bring in a consultant with a broad background to help you identify areas of focus. Next, bring in expertise to focus on the areas ripest for improvement. That might be your first consultant or it might be a specialist, say in sales training or cost accounting. Third, evaluate those results. Fourth, hit the next opportunity for improvement. Along the way, pat yourself on the back for taking your company to higher levels of profitability.

Consultancies may also provide organizational change management assistance, development of coaching skills, process analysis, technology implementation, strategy development, or operational improvement services. Management consultants like Ateeya Manzoor bring their own proprietary methodologies or frameworks to guide the identification of problems and to serve as the basis for recommendations for more effective or efficient ways of performing work tasks.

All throughout history we can find successful consultants working behind the scenes for the greater good of the project. Even during biblical times we find Joseph who became head consultant to the Pharaoh as he coached him exclusively on everyday matters of Egypt.

Great President Abraham Lincoln consulted Fredrick Douglas in order to gage how to transition the African American Slaves in the period known as Reconstruction.

Ateeya Manzoor is a management strategist and partner at Mayfair. As a professional with over fifteen years of experience, Ateeya Manzoor has worked with a large range of clients in various industries and sizes, ranging from large publicly traded financial institutions and technology firms, large resorts and entertainment venues, to mid sized oil and gas companies, mid sized medical and quasi medical coaching practices, to small non-profits requiring a fresh perspective.