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Dumb Business Words

edwardspoonhands:

Having been thrown somewhat unawares into the place of running several businesses, I keep coming across dumb-ass words that people use instead of normal words because it’s business and businesses should be fancy. 

As far as I can tell, these words exist just to confuse people who are not indoctrinated into business, which worked very well on me for a while. Here’s one…EBITDA.

Pronounced EE Bih Duh, it’s earnings before interest, tax, debt, and aaaaaaaaa something that starts with an A.

EBITDA is a fancy word for “profit” that exists because some companies (like auto manufacturers) have profits that are heavily affected by financing and debt (because they have huge capital expenditures that they finance). The business world created EBITDA so that there could be a number more directly comparable between businesses and industries and different countries (where taxes are different.)

But in a company like mine, EBITDA is just profit. Profit, by the way, is the money we make (revenue) minus the money we spend (expenses) before we pay taxes (you only pay taxes on profit, so that’s implied.) 

Also, when I asked several times on phone calls “What’s that word you keep saying?” and they said “EBITDA…y’know, earnings before interest taxes debt and aaaaaaa” it would have been really nice if you had said “EBITDA, it’s basically just profit” because it’s not like I don’t have enough to worry about without spending two hours researching why this word exists only to discover that there’s no good reason for me to use it anyway.

The D doesn’t stand for debt (the I for interest covers that), it’s depreciation and the A is amortisation (depreciation of intangible assets).Those are taken out because you can decide on depreciation policies and therefore manipulate your profit figure. Choosing to depreciate over a too long useful life will reduce your expenses per year and falsely increase your profit.

(Sorry, I just did a professional accountancy exam this morning so my brain is overflowing with this stuff! Only one more until I qualify!)

Tony winner Neil Patrick Harris performing at the 68th Tony Awards

robertducunnnny:

REAL FEAR

robertducunnnny:

REAL FEAR

disneyland-paris-tips:

LOST SD CARD AT DISNEYLAND PARIS
This is going around Facebook and I thought I’d share on here to try and boost the signal.
This adorable family lost an SD card at Disneyland Paris on either 24th & 25th February 2014. As you can see, it’s full of very important photos and the person who found it is trying to reunite them with their owners.
If this is your family or if you recognise them, please contact the finder of the card HERE ON FACEBOOK.
Please reblog so this gets maximum exposure. Thanks everyone!!

disneyland-paris-tips:

LOST SD CARD AT DISNEYLAND PARIS

This is going around Facebook and I thought I’d share on here to try and boost the signal.

This adorable family lost an SD card at Disneyland Paris on either 24th & 25th February 2014. As you can see, it’s full of very important photos and the person who found it is trying to reunite them with their owners.

If this is your family or if you recognise them, please contact the finder of the card HERE ON FACEBOOK.

Please reblog so this gets maximum exposure. Thanks everyone!!

may the fourth be with you

redworthy:

Happy Star Wars Day!

redworthy:

Happy Star Wars Day!

Okay, I found this blog via the Disney blog and you seem really awesome! Also, what is Disneyland Paris like in May? My twin sister and I are going on the fifteenth with our mum for our 18th birthday and I was wandering if it will be busy or not.

Aw thank you!

May isn’t normally too bad. Schools are still in session so you shouldn’t have too much to worry about. The 15th is mid-week too so that’s even better!

Have a fun birthday!

L xx

[In which we are simultaneously Jennifer and Colin.]