As a young entrepreneur, the company of people you associate with plays a greater and vital part in accomplishing and bringing your product or services to meeting their needs because you idea should be all about meeting needs. So, associate with the right people of like minds.
Work with them as a team with one sense of purpose and as a result, it will be difficult to rob you and your colleagues of success that is why you have partnership and all forms of business associations. It is better to cooperate with others in your business line and take advantage of existing knowledge and information to make you move faster e.g. Bill Gates had to collaborate with Paul Allen to establish Microsoft.
While Bill Gates handles Software design Paul Allen handled hardware. It is better to cooperate with others in your area of idea/business and take advantage of existing knowledge and information to make you knowledgeable. You also need to associate and attach yourself to mentors i.e. people who have achieved so much in the business you intend to go into because you can learn through their experiences and by so doing, you avoid making the mistake they made at your own stage to output stage.
In the process of doing this, you take care of all weaknesses and risks and make provision for any challenges that may occur in the implementation of the business plans. Before rounding up this segement, I want to quickly tell you about a man called “Mr. Money”, though his real name is Samuel Walton, who started out with virtually nothing and have successfully built a multinational companies in his life time.
Wal-Mart is to the retail industry what Microsoft is to software. The largest, most efficient and arguably, most successful retail story in the whole Universe. But it was never always this way for this family owned conglomerate, which spans continents and has been in the top ten in more fortune categories than any other fortune 500 company in the last five years.
Samuel Moore Walton, the founder of the company, grew up during the great depression, and the poverty that surrounded him as a young boy in a rural Missouri Community must have been instrumental in molding the visionary entrepreneur that he grew to be. Samuel Walton studied foe a business Degree at the University of Missouri at Columbia, graduating in 1940.Even at the college his entrepreneurial skill and talent were already evident, earning him the nickname “HUSTLER MR MONEY”. He took up a management training position in Lowa with J.C Penny, where he learnt the in and out of the retail business knowledge that was serve him well I n later years. He joined the Military during 2nd World war before started his retail business.
Wednesday, March 31, 2010
HOW TO TRANSLATE YOUR VISION TO MISSION
He who has a mission is a vissionary person.What must have in focus before engage in any ameaningful undertakings are,
1.Structure of your business: Like many entrepreneurs in the major cities of the world, you must decide which economic level and geographic community you will serve, for example you may choose to provide after-school care for low income children in one part of the community or open a high-tech fitness facility for youngsters in a more affluent area.
You need to do some research to determine how viable such product/services are and if the similar services have not been sited within the same area. It will be your own advantage if you position your business properly create your own unique niche with an innovative business concept and follow your heart with strong determination to succeed. Consider the role you plan to play in your new business welther as a Chief Executive, Manager or a Supervisor. Think deeply about the structure of each type of business
2.Continuity of Existence:- The sole proprietorship terminates by law upon the death of the sole proprietor with very view exception. In normal circumstances an estate planning documents for the right to continue the business. The death or withdrawal of a general partner or the expiration of the team of the general partnership following such events may be dealt with.
However, in the general partnership agreement known as MOU since it is also generally known as “Voluntary” association, any general partner who no longer desire to be associated with the partnership, as a general rule, requires winding up of its affairs and a liquidation of the partnership’s assets.
3.How to secure the Business Loan:- Most of the small-scale enterprises believed that banks only lend money to companies that don’t need it. This is not true. However, what is true is that bankers and the banks they represent will not typically make an effort to understand a business when an owner has not made concerted efforts to explain to explain, in an organized and concise manner. The company’s business. What it will do with the money it wants to borrow and how it intends to repay any borrowed funds. Meet me in the next episode.
1.Structure of your business: Like many entrepreneurs in the major cities of the world, you must decide which economic level and geographic community you will serve, for example you may choose to provide after-school care for low income children in one part of the community or open a high-tech fitness facility for youngsters in a more affluent area.
You need to do some research to determine how viable such product/services are and if the similar services have not been sited within the same area. It will be your own advantage if you position your business properly create your own unique niche with an innovative business concept and follow your heart with strong determination to succeed. Consider the role you plan to play in your new business welther as a Chief Executive, Manager or a Supervisor. Think deeply about the structure of each type of business
2.Continuity of Existence:- The sole proprietorship terminates by law upon the death of the sole proprietor with very view exception. In normal circumstances an estate planning documents for the right to continue the business. The death or withdrawal of a general partner or the expiration of the team of the general partnership following such events may be dealt with.
However, in the general partnership agreement known as MOU since it is also generally known as “Voluntary” association, any general partner who no longer desire to be associated with the partnership, as a general rule, requires winding up of its affairs and a liquidation of the partnership’s assets.
3.How to secure the Business Loan:- Most of the small-scale enterprises believed that banks only lend money to companies that don’t need it. This is not true. However, what is true is that bankers and the banks they represent will not typically make an effort to understand a business when an owner has not made concerted efforts to explain to explain, in an organized and concise manner. The company’s business. What it will do with the money it wants to borrow and how it intends to repay any borrowed funds. Meet me in the next episode.
Sunday, March 28, 2010
HOW TO MARKET YOUR BUSINESS TO YOUR STAFF BY Carol Dorman
The notion of marketing your business to staff may seem a little odd. After all, your business is their livelihood; of course they want it to do well... don't they?
But wishing a company well and being a true blue believer in it are two different things.
Imagine having a team of walking talking advertisements for your business. A team of people so passionate about what you do that they never miss a chance to 'spread the word'.
Your staff may be diligent, hardworking and professional, which is great. How much more could they achieve if they shared the vision and belief that you have for your business? What if they felt that their work was more than simply a job; that they were part of something special?
This is why marketing to your staff makes good business sense.
So, how does a business market to its staff?
The first thing to remember is that marketing is marketing. This means that whether you're marketing to customers or to staff, the basics are the same:
1. Know your target audience
2. Highlight a particular problem or challenge they face
3. Explain how your product will solve that problem
4. Show why your solution is the best
5. Speak to your target audience in the right voice.
Let's take a closer look:
1. Know your target audience
Now your staff will not necessarily be part of the target audience for your product; however, marketing to them will meet their needs as employees in different ways.
For example, some things that may be important yet challenging to your staff are:
feeling good about what they do
being paid what they're worth
feeling that their efforts are appreciated and acknowledged by management
a sense of achievement
being able to take pride in their work.
2. Highlight a particular problem they face
Perhaps there's a sense of the 'mundane' in some sections of staff, a feeling among them that what they do doesn't really matter much. This is a problem that can affect not only productivity; it may also affect employees' self esteem. This can be addressed as part of a business to staff marketing plan.
3. Explain how your product will solve that problem
The solution here is twofold:
1. Explain the benefits of your product to the marketplace
2. Show how your employee's role is an integral part of providing that benefit.
Let your employee see the benefit of your product from the customer's perspective. What problem does the customer have and how does the employee's role impact the customer's life?
4. Show why your solution is the best
The aim here is for your staff to feel proud that they work for you and not the competition. Show them what makes your business unique and better than the rest.
5. Speak to your target audience in the right voice
Using the right voice means communicating with your target audience 'where it's at'. In this case that audience is your staff and you need to connect with them.
(Heads up: Management-speak and technical jargon may not be the best mode here.)
Instead, think about the tone and language your employees use in conversations with you and with each other. Do they differ? Put yourself in their shoes and look at what's important to them.
Once you begin marketing your business to your staff, keep the momentum going. Celebrate the company's achievements, big and small, and the people who help make it all happen.
And remember, the biggest part of marketing is always COMMUNICATION.
Carol Dorman, owner of Quill Writing Services, also publishes Communicate, the monthly newsletter for small business owners who want to raise their profile and increase their profits by harnessing the power of words. Subscribe today at http://www.quillwritingservices.com.au and receive a free copy of her report: How to Convince your Target Market to Buy from You. You are welcome to use this article provided it is unaltered, including the author information.
But wishing a company well and being a true blue believer in it are two different things.
Imagine having a team of walking talking advertisements for your business. A team of people so passionate about what you do that they never miss a chance to 'spread the word'.
Your staff may be diligent, hardworking and professional, which is great. How much more could they achieve if they shared the vision and belief that you have for your business? What if they felt that their work was more than simply a job; that they were part of something special?
This is why marketing to your staff makes good business sense.
So, how does a business market to its staff?
The first thing to remember is that marketing is marketing. This means that whether you're marketing to customers or to staff, the basics are the same:
1. Know your target audience
2. Highlight a particular problem or challenge they face
3. Explain how your product will solve that problem
4. Show why your solution is the best
5. Speak to your target audience in the right voice.
Let's take a closer look:
1. Know your target audience
Now your staff will not necessarily be part of the target audience for your product; however, marketing to them will meet their needs as employees in different ways.
For example, some things that may be important yet challenging to your staff are:
feeling good about what they do
being paid what they're worth
feeling that their efforts are appreciated and acknowledged by management
a sense of achievement
being able to take pride in their work.
2. Highlight a particular problem they face
Perhaps there's a sense of the 'mundane' in some sections of staff, a feeling among them that what they do doesn't really matter much. This is a problem that can affect not only productivity; it may also affect employees' self esteem. This can be addressed as part of a business to staff marketing plan.
3. Explain how your product will solve that problem
The solution here is twofold:
1. Explain the benefits of your product to the marketplace
2. Show how your employee's role is an integral part of providing that benefit.
Let your employee see the benefit of your product from the customer's perspective. What problem does the customer have and how does the employee's role impact the customer's life?
4. Show why your solution is the best
The aim here is for your staff to feel proud that they work for you and not the competition. Show them what makes your business unique and better than the rest.
5. Speak to your target audience in the right voice
Using the right voice means communicating with your target audience 'where it's at'. In this case that audience is your staff and you need to connect with them.
(Heads up: Management-speak and technical jargon may not be the best mode here.)
Instead, think about the tone and language your employees use in conversations with you and with each other. Do they differ? Put yourself in their shoes and look at what's important to them.
Once you begin marketing your business to your staff, keep the momentum going. Celebrate the company's achievements, big and small, and the people who help make it all happen.
And remember, the biggest part of marketing is always COMMUNICATION.
Carol Dorman, owner of Quill Writing Services, also publishes Communicate, the monthly newsletter for small business owners who want to raise their profile and increase their profits by harnessing the power of words. Subscribe today at http://www.quillwritingservices.com.au and receive a free copy of her report: How to Convince your Target Market to Buy from You. You are welcome to use this article provided it is unaltered, including the author information.
10 MANAGEMENT QUALITIES THAT MAKE A DIFFERENCE By Martin Haworth
A manager sits in a vital place for those who work closely with them. In fact, managers are probably the most influential people in society today. Most people work for an employer - and that means most people will have a manager.
So the management role is very influential about how people feel about themselves in the workplace, which then translates to the way they are in the rest of their lives too.
It is a great place to be, where you are in a position to harness what's good and great in you and make someone else's day in the process.
Here's a secret - when you leverage the capability of your people and make them feel great about themselves, they do a better job too, so everyone's a winner!
And then there's you, because, above all, being great with your people will make you feel great.
When you realize the opportunity making a difference to your people offers, you will see that your way of working works because you start to...
1. Have a Particular Way of Being
You start to be much more effective with your people, because you are able to better see them for what they are. Real human beings trying their best, to do their best.
2. See the Value in People
By really believing that people in general have great potential and your role in life (not just work) - be it with a colleague or an interaction as a customer yourself even - is to help that along, in every interaction.
3. Have Confidence
Having interactions like this needs confidence in your people skills and you can have it in bucketfuls. Yet, it's subtle and not overt enough to be intimidating.
4. Relate Easily
By focusing on finding things in common with people, relationships come more easily and quickly. As you ask the right questions and listen really well, you enhance the development of others and bring excitement, challenges and success to others too.
5. Coach Them - In the Moment
Rather than fix things for your people, you take the time to help them find their own solutions. This, 'building confidence in others', is a great talent for you to nurture, as you live this coaching life, you easily facilitate growth in whoever you come across.
6. Be Trustworthy and Honest
In all you do, you live and breathe trust and honesty with others on your team. You hold confidences well and give feedback naturally and constructively. It's as a gift to your people, so that they feel successful for what they do well and learn from those things they could do even better.
7. Follow Through
What you promise, you deliver - to everyone, even where there might seem to be little need. You can be guaranteed to come through with what people expect and if not, you are clear about what went wrong and explain, with apology.
8. Go the Extra Mile
And more, when you really want to make a difference to your people, you find yourself doing exceptional things for them, without expectation. You are constantly on the lookout for opportunities to do more for them even after the event - remember, it's just the way you are.
9. Are Fair and Consistent
What's more, you are scrupulously fair, such that, to your people, it's a given - every time. Because it's not what they expect nowadays - being fair and consistent has become exceptional - and you will truly make a difference when you do.
10. Like People!
You genuinely like people overall. With most you work with them as your partners, be they in your team or not. You like helping them, turning them on and just being around them!
Making a difference seems to hark back to an age ago, where managers were genial and part of the team. As we went through the end of the last century, the 'commerciality' of business demanded directive and controlling behavior.
And this did not work, leaving us where we are right now. So, when you manage, you have every opportunity to be the bigger person. Be the manager who makes the difference to your people and you, they, as well as the results you seek will all see the difference - and it's positive!
(c) 2010 Martin Haworth, Business and Management Coach and trainer, is the author of Super Successful Manager!, an easy to use, step-by-step weekly development program for managers of EVERY skill level. Find out more at http://www.SuperSuccessfulManager.com.
Article Source: http://EzineArticles.com/?expert=Martin_Haworth
So the management role is very influential about how people feel about themselves in the workplace, which then translates to the way they are in the rest of their lives too.
It is a great place to be, where you are in a position to harness what's good and great in you and make someone else's day in the process.
Here's a secret - when you leverage the capability of your people and make them feel great about themselves, they do a better job too, so everyone's a winner!
And then there's you, because, above all, being great with your people will make you feel great.
When you realize the opportunity making a difference to your people offers, you will see that your way of working works because you start to...
1. Have a Particular Way of Being
You start to be much more effective with your people, because you are able to better see them for what they are. Real human beings trying their best, to do their best.
2. See the Value in People
By really believing that people in general have great potential and your role in life (not just work) - be it with a colleague or an interaction as a customer yourself even - is to help that along, in every interaction.
3. Have Confidence
Having interactions like this needs confidence in your people skills and you can have it in bucketfuls. Yet, it's subtle and not overt enough to be intimidating.
4. Relate Easily
By focusing on finding things in common with people, relationships come more easily and quickly. As you ask the right questions and listen really well, you enhance the development of others and bring excitement, challenges and success to others too.
5. Coach Them - In the Moment
Rather than fix things for your people, you take the time to help them find their own solutions. This, 'building confidence in others', is a great talent for you to nurture, as you live this coaching life, you easily facilitate growth in whoever you come across.
6. Be Trustworthy and Honest
In all you do, you live and breathe trust and honesty with others on your team. You hold confidences well and give feedback naturally and constructively. It's as a gift to your people, so that they feel successful for what they do well and learn from those things they could do even better.
7. Follow Through
What you promise, you deliver - to everyone, even where there might seem to be little need. You can be guaranteed to come through with what people expect and if not, you are clear about what went wrong and explain, with apology.
8. Go the Extra Mile
And more, when you really want to make a difference to your people, you find yourself doing exceptional things for them, without expectation. You are constantly on the lookout for opportunities to do more for them even after the event - remember, it's just the way you are.
9. Are Fair and Consistent
What's more, you are scrupulously fair, such that, to your people, it's a given - every time. Because it's not what they expect nowadays - being fair and consistent has become exceptional - and you will truly make a difference when you do.
10. Like People!
You genuinely like people overall. With most you work with them as your partners, be they in your team or not. You like helping them, turning them on and just being around them!
Making a difference seems to hark back to an age ago, where managers were genial and part of the team. As we went through the end of the last century, the 'commerciality' of business demanded directive and controlling behavior.
And this did not work, leaving us where we are right now. So, when you manage, you have every opportunity to be the bigger person. Be the manager who makes the difference to your people and you, they, as well as the results you seek will all see the difference - and it's positive!
(c) 2010 Martin Haworth, Business and Management Coach and trainer, is the author of Super Successful Manager!, an easy to use, step-by-step weekly development program for managers of EVERY skill level. Find out more at http://www.SuperSuccessfulManager.com.
Article Source: http://EzineArticles.com/?expert=Martin_Haworth
Wednesday, March 24, 2010
TIPS ON HOW TO PACKAGE YOUR LOAN APPLICATION By Oyediran A.Kola
There is every need to make your loan request packaged in a manner that will eventually and easily boost you chance of securing loan in any banks. The package must be well organized and presentable. You just have to make it easy for the bank to understand the business you are involved in and carefully explain and document how the funds will be repaid. Any required forms should be neatly and completely filled out. Be prepared to offer the bank a detailed information on all of the company’s assets.
The following hints will help any small business owner to ensure that a banker sees his/ her business in the best possible light.
1 2-3 years company financial statements prepared by an independent accountant or a financial Expert.
2 List of 5-10 largest customers and percentage of total sales ( though this is not applicable to retail businesses like restaurants or shop)
3 A business plan or the feasibility study which ordinarily will serve as a company’s plan or guide for the future.
4 The bank will also, want to know how the company intends to grow and how it will achieve its growth objectives
5 The bank will also want to know how the company will compete in a competitive environment.
6 The bank would show much interest in knowing how the company administrative structure will be and how it will function in bad times.
7 Who will manage the business in the event of death or illness?
8 Any tangible guarantor/Referee.
9 What kind of property to be tendered as collateral is it landed, housing, share certificate etc?
The following hints will help any small business owner to ensure that a banker sees his/ her business in the best possible light.
1 2-3 years company financial statements prepared by an independent accountant or a financial Expert.
2 List of 5-10 largest customers and percentage of total sales ( though this is not applicable to retail businesses like restaurants or shop)
3 A business plan or the feasibility study which ordinarily will serve as a company’s plan or guide for the future.
4 The bank will also, want to know how the company intends to grow and how it will achieve its growth objectives
5 The bank will also want to know how the company will compete in a competitive environment.
6 The bank would show much interest in knowing how the company administrative structure will be and how it will function in bad times.
7 Who will manage the business in the event of death or illness?
8 Any tangible guarantor/Referee.
9 What kind of property to be tendered as collateral is it landed, housing, share certificate etc?
Tuesday, March 23, 2010
21 REASONS MANAGERS NEED TO SAY 'NO' MORE OFTEN By Martin Haworth
Language is one of the most common denominators in the work we do with our employees. Making sure we are understood -and understand - can so often be a valuable investment of the time we have.
And we also have to put the time and effort in to get what we want, rather than go for the easier, less productive option.
We need to ensure that we have the mental capacity to be tough when we need to and this is not where we act to the detriment of others, for there is much value in being demanding for ourselves, our people and the bigger organization as well.
We have the opportunity to discipline ourselves better and leverage the capabilities of those around us much more than we do right now.
You see...
You 'Saying No' is Great For You as A Manager, because...
You learn that you CAN say no, giving you your control back.
You take less on, so that means you have more time available.
You push back to your people, developing their capabilities for the future.
Your people recognize in themselves that they can do more.
You find yourself doing the job you are paid for.
Your role is more fulfilling and your results are stronger.
You have capable people growing in your 'succession plan'.
and then...
Your 'Saying No' is Great For Employees as well, because...
They discipline themselves better.
They recognize their own accountabilities.
They are stretched and challenged to develop their own skills.
Your people become more capable and have broader skills.
Their confidence builds - which encourages them to try more.
They become much more focused when they come to you.
They share their developing skills with others.
whilst not forgetting that...
Your 'Saying No' is Great For Your Organization too, because...
The business gets the best value for money from you and the employees.
You focus on managing people and do less 'hands on' work.
Your people become far more capable of working on their own.
A wider range of solutions become possible.
Better capabilities and extra confidence builds better teams.
There are always capable people available to fill the gaps.
The place becomes happier, more motivated and fun!
When you are prepared to take the risk and avoid the obvious ways to always comply, there are many rewards for what might seem to be negativity and awkwardness on your part.
In fact, being prepared to 'say no' is a very constructive action to take, when you are in control and doing is for a value-creating reason.
For everyone involved.
(c) 2010 Martin Haworth, Business and Management Coach and trainer, is the author of Super Successful Manager, an easy to use, step-by-step weekly development program for managers of EVERY skill level
Article Source http://EzineArticle.com
And we also have to put the time and effort in to get what we want, rather than go for the easier, less productive option.
We need to ensure that we have the mental capacity to be tough when we need to and this is not where we act to the detriment of others, for there is much value in being demanding for ourselves, our people and the bigger organization as well.
We have the opportunity to discipline ourselves better and leverage the capabilities of those around us much more than we do right now.
You see...
You 'Saying No' is Great For You as A Manager, because...
You learn that you CAN say no, giving you your control back.
You take less on, so that means you have more time available.
You push back to your people, developing their capabilities for the future.
Your people recognize in themselves that they can do more.
You find yourself doing the job you are paid for.
Your role is more fulfilling and your results are stronger.
You have capable people growing in your 'succession plan'.
and then...
Your 'Saying No' is Great For Employees as well, because...
They discipline themselves better.
They recognize their own accountabilities.
They are stretched and challenged to develop their own skills.
Your people become more capable and have broader skills.
Their confidence builds - which encourages them to try more.
They become much more focused when they come to you.
They share their developing skills with others.
whilst not forgetting that...
Your 'Saying No' is Great For Your Organization too, because...
The business gets the best value for money from you and the employees.
You focus on managing people and do less 'hands on' work.
Your people become far more capable of working on their own.
A wider range of solutions become possible.
Better capabilities and extra confidence builds better teams.
There are always capable people available to fill the gaps.
The place becomes happier, more motivated and fun!
When you are prepared to take the risk and avoid the obvious ways to always comply, there are many rewards for what might seem to be negativity and awkwardness on your part.
In fact, being prepared to 'say no' is a very constructive action to take, when you are in control and doing is for a value-creating reason.
For everyone involved.
(c) 2010 Martin Haworth, Business and Management Coach and trainer, is the author of Super Successful Manager, an easy to use, step-by-step weekly development program for managers of EVERY skill level
Article Source http://EzineArticle.com
21 REASONS MANAGERS NEED TO SAY 'NO' MORE OFTEN By Martin Haworth
Language is one of the most common denominators in the work we do with our employees. Making sure we are understood -and understand - can so often be a valuable investment of the time we have.
And we also have to put the time and effort in to get what we want, rather than go for the easier, less productive option.
We need to ensure that we have the mental capacity to be tough when we need to and this is not where we act to the detriment of others, for there is much value in being demanding for ourselves, our people and the bigger organization as well.
We have the opportunity to discipline ourselves better and leverage the capabilities of those around us much more than we do right now.
You see...
You 'Saying No' is Great For You as A Manager, because...
You learn that you CAN say no, giving you your control back.
You take less on, so that means you have more time available.
You push back to your people, developing their capabilities for the future.
Your people recognize in themselves that they can do more.
You find yourself doing the job you are paid for.
Your role is more fulfilling and your results are stronger.
You have capable people growing in your 'succession plan'.
and then...
Your 'Saying No' is Great For Employees as well, because...
They discipline themselves better.
They recognize their own accountabilities.
They are stretched and challenged to develop their own skills.
Your people become more capable and have broader skills.
Their confidence builds - which encourages them to try more.
They become much more focused when they come to you.
They share their developing skills with others.
whilst not forgetting that...
Your 'Saying No' is Great For Your Organization too, because...
The business gets the best value for money from you and the employees.
You focus on managing people and do less 'hands on' work.
Your people become far more capable of working on their own.
A wider range of solutions become possible.
Better capabilities and extra confidence builds better teams.
There are always capable people available to fill the gaps.
The place becomes happier, more motivated and fun!
When you are prepared to take the risk and avoid the obvious ways to always comply, there are many rewards for what might seem to be negativity and awkwardness on your part.
In fact, being prepared to 'say no' is a very constructive action to take, when you are in control and doing is for a value-creating reason.
For everyone involved.
(c) 2010 Martin Haworth, Business and Management Coach and trainer, is the author of Super Successful Manager, an easy to use, step-by-step weekly development program for managers of EVERY skill level
Article Source http://EzineArticle.com
And we also have to put the time and effort in to get what we want, rather than go for the easier, less productive option.
We need to ensure that we have the mental capacity to be tough when we need to and this is not where we act to the detriment of others, for there is much value in being demanding for ourselves, our people and the bigger organization as well.
We have the opportunity to discipline ourselves better and leverage the capabilities of those around us much more than we do right now.
You see...
You 'Saying No' is Great For You as A Manager, because...
You learn that you CAN say no, giving you your control back.
You take less on, so that means you have more time available.
You push back to your people, developing their capabilities for the future.
Your people recognize in themselves that they can do more.
You find yourself doing the job you are paid for.
Your role is more fulfilling and your results are stronger.
You have capable people growing in your 'succession plan'.
and then...
Your 'Saying No' is Great For Employees as well, because...
They discipline themselves better.
They recognize their own accountabilities.
They are stretched and challenged to develop their own skills.
Your people become more capable and have broader skills.
Their confidence builds - which encourages them to try more.
They become much more focused when they come to you.
They share their developing skills with others.
whilst not forgetting that...
Your 'Saying No' is Great For Your Organization too, because...
The business gets the best value for money from you and the employees.
You focus on managing people and do less 'hands on' work.
Your people become far more capable of working on their own.
A wider range of solutions become possible.
Better capabilities and extra confidence builds better teams.
There are always capable people available to fill the gaps.
The place becomes happier, more motivated and fun!
When you are prepared to take the risk and avoid the obvious ways to always comply, there are many rewards for what might seem to be negativity and awkwardness on your part.
In fact, being prepared to 'say no' is a very constructive action to take, when you are in control and doing is for a value-creating reason.
For everyone involved.
(c) 2010 Martin Haworth, Business and Management Coach and trainer, is the author of Super Successful Manager, an easy to use, step-by-step weekly development program for managers of EVERY skill level
Article Source http://EzineArticle.com
Monday, March 22, 2010
HOW TO ORGANISE YOUR BUSINESS CONTACTS By Katherine M Davison
Business contacts can go from one or two to a couple of hundred quite quickly. How do you get them all organised so you can find them easily? It depends on how much time you spend on your contacts. If you go to a meeting or networking event and leave with a pile of business cards, you could put them in a pile and hope you remember all about each person, but by organising them within Contact Relationship Software you can search for contacts.
Even if you don't think you can do business with the person, you might know people they can do business with and they might know people who could use your product or service. Within the list of items you will need is a Contact Relationship Management program, I have not specified which one because that depends on the information that you want to keep.
What you need:
Contact Relationship Management Program, try several out with at least 10 of your contacts to see which one is right for you
Business Card holder or box, these will hold old business cards. Clean it out at least once a year and get rid of the cards you have not looked at in a year
Pen to keep with you so you can write on the cards to make notes
What to do:
When you receive business cards, write on the card where you met the person, what the date was and any other short notes you want to keep
When connected to your Contact Relationship Management program add all new contacts and include the notes you wrote
Add in any other information that you remember and want to keep
Add an event for the meeting
If you have a reason to contact them, such as an article they would find useful or information for them, enter a task or event for the future meeting
File the business card away in the business card holder
If you would like to keep the business cards of people you recommend then you can have 2 places to file business cards, one portable one to keep with you for the cards of others you would like to hand out, and another box or folder for all other cards. Setting time to do this every day will ensure that it will not take hours of work and ensure that you keep on top of it all. If you do not set time aside and do not organise your contacts you could miss opportunities with potential business or collaborative projects with other complimentary businesses.
Katherine Davison
Sign up for her free monthly newsletter at http://www.katherinedavison.co.uk/about-me/newsletter and receive an Outlook Quick Reference Card.
Article Source: http://EzineArticles.com/?expert=Katherine_M_Davison
Even if you don't think you can do business with the person, you might know people they can do business with and they might know people who could use your product or service. Within the list of items you will need is a Contact Relationship Management program, I have not specified which one because that depends on the information that you want to keep.
What you need:
Contact Relationship Management Program, try several out with at least 10 of your contacts to see which one is right for you
Business Card holder or box, these will hold old business cards. Clean it out at least once a year and get rid of the cards you have not looked at in a year
Pen to keep with you so you can write on the cards to make notes
What to do:
When you receive business cards, write on the card where you met the person, what the date was and any other short notes you want to keep
When connected to your Contact Relationship Management program add all new contacts and include the notes you wrote
Add in any other information that you remember and want to keep
Add an event for the meeting
If you have a reason to contact them, such as an article they would find useful or information for them, enter a task or event for the future meeting
File the business card away in the business card holder
If you would like to keep the business cards of people you recommend then you can have 2 places to file business cards, one portable one to keep with you for the cards of others you would like to hand out, and another box or folder for all other cards. Setting time to do this every day will ensure that it will not take hours of work and ensure that you keep on top of it all. If you do not set time aside and do not organise your contacts you could miss opportunities with potential business or collaborative projects with other complimentary businesses.
Katherine Davison
Sign up for her free monthly newsletter at http://www.katherinedavison.co.uk/about-me/newsletter and receive an Outlook Quick Reference Card.
Article Source: http://EzineArticles.com/?expert=Katherine_M_Davison
BUSINESS VISSION, MISSION AND FAITH (VMF) By Oyediran Kola
As a determined young Entrepreneur, you need faith in your own idea, but it does not end there, it is expected that you add virtue and knowledge to become more fruitful you need to embark on self development. Through relevant books, attend seminars, become internet literate and be informed, interact with people of higher knowledge particularly in the business world. Try to be inquisitive on how others make it to the top.
As a young Entrepreneur, you also need to capture in your mind’s eye the complete picture of a particular services or product before you start at all. You will discover that it is that would serve as propulsion or stimuli to keep you working diligently until what you have imagined comes to pass. Young but great entrepreneur like Bill Gates and Michael Dell had relied on the power of imagination and creativity to record the feats achieved by them.
HOW TO TRANSLATE YOUR VISION TO MISSION
1. Structure of your business:- Like many entrepreneurs in the major cities of the world, you must decide which economic level and geographic community you will serve, for example you may choose to provide after-school care for low income children in one part of the community or open a high-tech fitness facility for youngsters in a more affluent area.
You need to do some research to determine how viable such product/services are and if the similar services have not been sited within the same area. It will be your own advantage if you position your business properly create your own unique niche with an innovative business concept and follow your heart with strong determination to succeed. Consider the role you plan to play in your new business welther as a Chief Executive, Manager or a Supervisor. Think deeply about the structure of each type of business
2. Continuity of Existence:- The sole proprietorship terminates by law upon the death of the sole proprietor with very view exception. In normal circumstances an estate planning documents for the right to continue the business. The death or withdrawal of a general partner or the expiration of the team of the general partnership following such events may be dealt with.
However, in the general partnership agreement known as MOU since it is also generally known as “Voluntary” association, any general partner who no longer desire to be associated with the partnership, as a general rule, requires winding up of its affairs and a liquidation of the partnership’s assets.
3. How to secure the Business Loan:- Most of the small-scale enterprises believed that banks only lend money to companies that don’t need it. This is not true. However, what is true is that bankers and the banks they represent will not typically make an effort to understand a business when an owner has not made concerted efforts to explain to explain, in an organized and concise manner. The company’s business. What it will do with the money it wants to borrow and how it intends to repay any borrowed funds.
As a young Entrepreneur, you also need to capture in your mind’s eye the complete picture of a particular services or product before you start at all. You will discover that it is that would serve as propulsion or stimuli to keep you working diligently until what you have imagined comes to pass. Young but great entrepreneur like Bill Gates and Michael Dell had relied on the power of imagination and creativity to record the feats achieved by them.
HOW TO TRANSLATE YOUR VISION TO MISSION
1. Structure of your business:- Like many entrepreneurs in the major cities of the world, you must decide which economic level and geographic community you will serve, for example you may choose to provide after-school care for low income children in one part of the community or open a high-tech fitness facility for youngsters in a more affluent area.
You need to do some research to determine how viable such product/services are and if the similar services have not been sited within the same area. It will be your own advantage if you position your business properly create your own unique niche with an innovative business concept and follow your heart with strong determination to succeed. Consider the role you plan to play in your new business welther as a Chief Executive, Manager or a Supervisor. Think deeply about the structure of each type of business
2. Continuity of Existence:- The sole proprietorship terminates by law upon the death of the sole proprietor with very view exception. In normal circumstances an estate planning documents for the right to continue the business. The death or withdrawal of a general partner or the expiration of the team of the general partnership following such events may be dealt with.
However, in the general partnership agreement known as MOU since it is also generally known as “Voluntary” association, any general partner who no longer desire to be associated with the partnership, as a general rule, requires winding up of its affairs and a liquidation of the partnership’s assets.
3. How to secure the Business Loan:- Most of the small-scale enterprises believed that banks only lend money to companies that don’t need it. This is not true. However, what is true is that bankers and the banks they represent will not typically make an effort to understand a business when an owner has not made concerted efforts to explain to explain, in an organized and concise manner. The company’s business. What it will do with the money it wants to borrow and how it intends to repay any borrowed funds.
ELEVEN QUALITIES OF GREAT AND SUCCESSFUL ENTREPRENEURS By Oyediran Kola
These are the insight to the basic qualities, which every entrepreneur must have if his desire is to succeed in a business.
1. ARE YOU A SELF STARTER?
Do you have the initiative to do more than you were asked to do? Are you resourceful, willing and able to seize an opportunity when it appears and turn it into advantage?
2. DO YOU HAVE A POSITIVE AND FRIENDLY INTEREST IN OTHERS?
I f so, it is a tremendous asset in most business ventures especially in these days where face-to-face contact with customer is a must. If you seem to end every discussion with a quarrel or go through life with a chip on your shoulder, you may have a tough time coping with customers you depend on day-in-day-out. Unless you hire others to do your selling or handle public relations, you could face an uphill battle in making your business profitable. Good interpersonal skills are also essential if you are to inspire employees to put forth sincere efforts in making the business flourish. An organization can only survive and grow if it meets the needs of its employee.
3. ARE YOU A LEADER?
Do people listen to you? Do you inspire confidence and loyalty?
An ability to lead is an important skill, one that is bound to enhance your chances for success. Even, if you have one employee or two, you need to maintain discipline, check their work and productivity, train them to do the job the way you want it done, and arbitrate among them if they disagree with each other.
A leader who can motivate and reward employees will get his or her business off to the best start. If personnel management is important to your business you may want to consider taking courses in business leadership and supervision offered by business school. You can develop leadership qualities on the job, through trial and error, but outside assistance can speed up the process and avoid costly misjudgments.
4. CAN YOU HANDLE RESPONSIBILITY?
Do you enjoy taking charge? Are you the one who volunteers for tasks or responsibilities at meeting or do you sit quietly while others raise their hands?
If you usually avoid responsibilities when a situation calls for it, starting your own business could be a difficult one. Being your own boss is one thing but being responsible is for the livelihood of others on your payroll and for the well-being of these people during their work day as well as for customer needs may be too much for you to handle.
5. ARE YOU A GOOD ORGANISER?
Are you capable of organizing and arranging items, ideas or concepts into logical and meaningful action? Do you usually make plan carefully before trying something? Are you on time? Do you remember to pay your bills, keep your appointment?
Running business weather you have one employee or one hundred require pre-planning, purchasing merchandise, monitoring financial records, documenting sales and marketing your product and service. To keep up with good organizational abilities, develop them or hire someone to assist you with them. They won’t get done on their own.
6. ARE YOU PREPARED TO PUT IN THE LONG HOURS/FACING CHALLENGES?
People often think that when they work for themselves, they will be working less than they are before and make their own hours. Especially during the first year of being in business, owners find themselves working harder and longer than they ever did as paid employees. As the owner, you will have more to gain, of course, since it is your investment, but you also have more to lose if your business idea does not make profit.
7. DO YOU MAKE YOUR MIND QUICKLY?
Are you the type who is hesitant even fearful about a decision you must make? Are your decision quick but accurate or quick but unsound? The ability to sum up a situation quickly and make a realistic choice fraction will stand you out in good stead a thousand times during your business life making a decision doesn’t have to be an isolated activity.
You can and should consult experts colleagues, even employees, before coming to your conclusion, but the final decision will be yours to live with.
8. CAN PEOPLE RELY ON YOU?
Can they trust what you say?
If your word is your bond, you will find yourself reaping rewards since a good reputation brings in new business and unlike advertising, it is free of charge. You may be someone whose good intentions outstrip his ability to following through face that now.
9. CAN YOU FACE BUSINESS REVERSAL OR (DOWN TURN) WITHOUT QUITING?
If you discover the source of a problem with your business and it appears to be something you can see through to the end, will you have the strength to do it? Can you analyze a problem and take steps to correct it or will you panic and throw in the towel at the first opportunity.
10. CAN YOU ADAPT TO CHANGING SITUATION?
To be able to recognize and react to changes in your market, the likes and dislikes of your customer, the changes in your neighborhood, etc will be invaluable over the long run. No matter what type of business you run, will face changing times.
Often, a business will be a composite of talents and strengths designed to produce a successful business.
If you discover that you don’t have most of these qualities, don’t give up, try to understand which areas need improvement and start an improvement strategy.
These are the insight to the basic qualities, which every entrepreneur must have if his desire is to succeed in a business.
1. ARE YOU A SELF STARTER?
Do you have the initiative to do more than you were asked to do? Are you resourceful, willing and able to seize an opportunity when it appears and turn it into advantage?
2. DO YOU HAVE A POSITIVE AND FRIENDLY INTEREST IN OTHERS?
I f so, it is a tremendous asset in most business ventures especially in these days where face-to-face contact with customer is a must. If you seem to end every discussion with a quarrel or go through life with a chip on your shoulder, you may have a tough time coping with customers you depend on day-in-day-out. Unless you hire others to do your selling or handle public relations, you could face an uphill battle in making your business profitable. Good interpersonal skills are also essential if you are to inspire employees to put forth sincere efforts in making the business flourish. An organization can only survive and grow if it meets the needs of its employee.
3. ARE YOU A LEADER?
Do people listen to you? Do you inspire confidence and loyalty?
An ability to lead is an important skill, one that is bound to enhance your chances for success. Even, if you have one employee or two, you need to maintain discipline, check their work and productivity, train them to do the job the way you want it done, and arbitrate among them if they disagree with each other.
A leader who can motivate and reward employees will get his or her business off to the best start. If personnel management is important to your business you may want to consider taking courses in business leadership and supervision offered by business school. You can develop leadership qualities on the job, through trial and error, but outside assistance can speed up the process and avoid costly misjudgments.
4. CAN YOU HANDLE RESPONSIBILITY?
Do you enjoy taking charge? Are you the one who volunteers for tasks or responsibilities at meeting or do you sit quietly while others raise their hands?
If you usually avoid responsibilities when a situation calls for it, starting your own business could be a difficult one. Being your own boss is one thing but being responsible is for the livelihood of others on your payroll and for the well-being of these people during their work day as well as for customer needs may be too much for you to handle.
5. ARE YOU A GOOD ORGANISER?
Are you capable of organizing and arranging items, ideas or concepts into logical and meaningful action? Do you usually make plan carefully before trying something? Are you on time? Do you remember to pay your bills, keep your appointment?
Running business weather you have one employee or one hundred require pre-planning, purchasing merchandise, monitoring financial records, documenting sales and marketing your product and service. To keep up with good organizational abilities, develop them or hire someone to assist you with them. They won’t get done on their own.
6. ARE YOU PREPARED TO PUT IN THE LONG HOURS/FACING CHALLENGES?
People often think that when they work for themselves, they will be working less than they are before and make their own hours. Especially during the first year of being in business, owners find themselves working harder and longer than they ever did as paid employees. As the owner, you will have more to gain, of course, since it is your investment, but you also have more to lose if your business idea does not make profit.
7. DO YOU MAKE YOUR MIND QUICKLY?
Are you the type who is hesitant even fearful about a decision you must make? Are your decision quick but accurate or quick but unsound? The ability to sum up a situation quickly and make a realistic choice fraction will stand you out in good stead a thousand times during your business life making a decision doesn’t have to be an isolated activity.
You can and should consult experts colleagues, even employees, before coming to your conclusion, but the final decision will be yours to live with.
8. CAN PEOPLE RELY ON YOU?
Can they trust what you say?
If your word is your bond, you will find yourself reaping rewards since a good reputation brings in new business and unlike advertising, it is free of charge. You may be someone whose good intentions outstrip his ability to following through face that now.
9. CAN YOU FACE BUSINESS REVERSAL OR (DOWN TURN) WITHOUT QUITING?
If you discover the source of a problem with your business and it appears to be something you can see through to the end, will you have the strength to do it? Can you analyze a problem and take steps to correct it or will you panic and throw in the towel at the first opportunity.
10. CAN YOU ADAPT TO CHANGING SITUATION?
To be able to recognize and react to changes in your market, the likes and dislikes of your customer, the changes in your neighborhood, etc will be invaluable over the long run. No matter what type of business you run, will face changing times.
Often, a business will be a composite of talents and strengths designed to produce a successful business.
If you discover that you don’t have most of these qualities, don’t give up, try to understand which areas need improvement and start an improvement strategy.
1. ARE YOU A SELF STARTER?
Do you have the initiative to do more than you were asked to do? Are you resourceful, willing and able to seize an opportunity when it appears and turn it into advantage?
2. DO YOU HAVE A POSITIVE AND FRIENDLY INTEREST IN OTHERS?
I f so, it is a tremendous asset in most business ventures especially in these days where face-to-face contact with customer is a must. If you seem to end every discussion with a quarrel or go through life with a chip on your shoulder, you may have a tough time coping with customers you depend on day-in-day-out. Unless you hire others to do your selling or handle public relations, you could face an uphill battle in making your business profitable. Good interpersonal skills are also essential if you are to inspire employees to put forth sincere efforts in making the business flourish. An organization can only survive and grow if it meets the needs of its employee.
3. ARE YOU A LEADER?
Do people listen to you? Do you inspire confidence and loyalty?
An ability to lead is an important skill, one that is bound to enhance your chances for success. Even, if you have one employee or two, you need to maintain discipline, check their work and productivity, train them to do the job the way you want it done, and arbitrate among them if they disagree with each other.
A leader who can motivate and reward employees will get his or her business off to the best start. If personnel management is important to your business you may want to consider taking courses in business leadership and supervision offered by business school. You can develop leadership qualities on the job, through trial and error, but outside assistance can speed up the process and avoid costly misjudgments.
4. CAN YOU HANDLE RESPONSIBILITY?
Do you enjoy taking charge? Are you the one who volunteers for tasks or responsibilities at meeting or do you sit quietly while others raise their hands?
If you usually avoid responsibilities when a situation calls for it, starting your own business could be a difficult one. Being your own boss is one thing but being responsible is for the livelihood of others on your payroll and for the well-being of these people during their work day as well as for customer needs may be too much for you to handle.
5. ARE YOU A GOOD ORGANISER?
Are you capable of organizing and arranging items, ideas or concepts into logical and meaningful action? Do you usually make plan carefully before trying something? Are you on time? Do you remember to pay your bills, keep your appointment?
Running business weather you have one employee or one hundred require pre-planning, purchasing merchandise, monitoring financial records, documenting sales and marketing your product and service. To keep up with good organizational abilities, develop them or hire someone to assist you with them. They won’t get done on their own.
6. ARE YOU PREPARED TO PUT IN THE LONG HOURS/FACING CHALLENGES?
People often think that when they work for themselves, they will be working less than they are before and make their own hours. Especially during the first year of being in business, owners find themselves working harder and longer than they ever did as paid employees. As the owner, you will have more to gain, of course, since it is your investment, but you also have more to lose if your business idea does not make profit.
7. DO YOU MAKE YOUR MIND QUICKLY?
Are you the type who is hesitant even fearful about a decision you must make? Are your decision quick but accurate or quick but unsound? The ability to sum up a situation quickly and make a realistic choice fraction will stand you out in good stead a thousand times during your business life making a decision doesn’t have to be an isolated activity.
You can and should consult experts colleagues, even employees, before coming to your conclusion, but the final decision will be yours to live with.
8. CAN PEOPLE RELY ON YOU?
Can they trust what you say?
If your word is your bond, you will find yourself reaping rewards since a good reputation brings in new business and unlike advertising, it is free of charge. You may be someone whose good intentions outstrip his ability to following through face that now.
9. CAN YOU FACE BUSINESS REVERSAL OR (DOWN TURN) WITHOUT QUITING?
If you discover the source of a problem with your business and it appears to be something you can see through to the end, will you have the strength to do it? Can you analyze a problem and take steps to correct it or will you panic and throw in the towel at the first opportunity.
10. CAN YOU ADAPT TO CHANGING SITUATION?
To be able to recognize and react to changes in your market, the likes and dislikes of your customer, the changes in your neighborhood, etc will be invaluable over the long run. No matter what type of business you run, will face changing times.
Often, a business will be a composite of talents and strengths designed to produce a successful business.
If you discover that you don’t have most of these qualities, don’t give up, try to understand which areas need improvement and start an improvement strategy.
These are the insight to the basic qualities, which every entrepreneur must have if his desire is to succeed in a business.
1. ARE YOU A SELF STARTER?
Do you have the initiative to do more than you were asked to do? Are you resourceful, willing and able to seize an opportunity when it appears and turn it into advantage?
2. DO YOU HAVE A POSITIVE AND FRIENDLY INTEREST IN OTHERS?
I f so, it is a tremendous asset in most business ventures especially in these days where face-to-face contact with customer is a must. If you seem to end every discussion with a quarrel or go through life with a chip on your shoulder, you may have a tough time coping with customers you depend on day-in-day-out. Unless you hire others to do your selling or handle public relations, you could face an uphill battle in making your business profitable. Good interpersonal skills are also essential if you are to inspire employees to put forth sincere efforts in making the business flourish. An organization can only survive and grow if it meets the needs of its employee.
3. ARE YOU A LEADER?
Do people listen to you? Do you inspire confidence and loyalty?
An ability to lead is an important skill, one that is bound to enhance your chances for success. Even, if you have one employee or two, you need to maintain discipline, check their work and productivity, train them to do the job the way you want it done, and arbitrate among them if they disagree with each other.
A leader who can motivate and reward employees will get his or her business off to the best start. If personnel management is important to your business you may want to consider taking courses in business leadership and supervision offered by business school. You can develop leadership qualities on the job, through trial and error, but outside assistance can speed up the process and avoid costly misjudgments.
4. CAN YOU HANDLE RESPONSIBILITY?
Do you enjoy taking charge? Are you the one who volunteers for tasks or responsibilities at meeting or do you sit quietly while others raise their hands?
If you usually avoid responsibilities when a situation calls for it, starting your own business could be a difficult one. Being your own boss is one thing but being responsible is for the livelihood of others on your payroll and for the well-being of these people during their work day as well as for customer needs may be too much for you to handle.
5. ARE YOU A GOOD ORGANISER?
Are you capable of organizing and arranging items, ideas or concepts into logical and meaningful action? Do you usually make plan carefully before trying something? Are you on time? Do you remember to pay your bills, keep your appointment?
Running business weather you have one employee or one hundred require pre-planning, purchasing merchandise, monitoring financial records, documenting sales and marketing your product and service. To keep up with good organizational abilities, develop them or hire someone to assist you with them. They won’t get done on their own.
6. ARE YOU PREPARED TO PUT IN THE LONG HOURS/FACING CHALLENGES?
People often think that when they work for themselves, they will be working less than they are before and make their own hours. Especially during the first year of being in business, owners find themselves working harder and longer than they ever did as paid employees. As the owner, you will have more to gain, of course, since it is your investment, but you also have more to lose if your business idea does not make profit.
7. DO YOU MAKE YOUR MIND QUICKLY?
Are you the type who is hesitant even fearful about a decision you must make? Are your decision quick but accurate or quick but unsound? The ability to sum up a situation quickly and make a realistic choice fraction will stand you out in good stead a thousand times during your business life making a decision doesn’t have to be an isolated activity.
You can and should consult experts colleagues, even employees, before coming to your conclusion, but the final decision will be yours to live with.
8. CAN PEOPLE RELY ON YOU?
Can they trust what you say?
If your word is your bond, you will find yourself reaping rewards since a good reputation brings in new business and unlike advertising, it is free of charge. You may be someone whose good intentions outstrip his ability to following through face that now.
9. CAN YOU FACE BUSINESS REVERSAL OR (DOWN TURN) WITHOUT QUITING?
If you discover the source of a problem with your business and it appears to be something you can see through to the end, will you have the strength to do it? Can you analyze a problem and take steps to correct it or will you panic and throw in the towel at the first opportunity.
10. CAN YOU ADAPT TO CHANGING SITUATION?
To be able to recognize and react to changes in your market, the likes and dislikes of your customer, the changes in your neighborhood, etc will be invaluable over the long run. No matter what type of business you run, will face changing times.
Often, a business will be a composite of talents and strengths designed to produce a successful business.
If you discover that you don’t have most of these qualities, don’t give up, try to understand which areas need improvement and start an improvement strategy.
PRACTICAL TIPS ON SPOTTING A GOOD BUSINESS BySteven Magill
These days, there are many businesses available for enterprising individuals to make a living. Spotting a good business venture can be done in the following ways:
- Observation and improvement of a current problem or service. You may be working in an industry that may need some improvement on a certain situation. In the tourism sector, there may be a need for more transportation services that cater to small tourist groups. In this area, a van contract hire and leasing service may be useful. You may invest in a small van which could be used by tour operators for their clients which may be frequent. Depending on how big you would want to start the business, you could start with commuter vans or go upgrade into those big buses. What to consider in the van contracting and leasing business is the maintenance cost of the vehicle. Make sure that there is an amount set aside every month for maintenance servicing. Perhaps the van may not be serviced every month but this amount should be ready just in case of any major repairs that is bound to happen.
- Research and feasibility studies on an industry. There are certain industries wherein you need to do extensive research before entering the market. These are of course industries that may require some financial inputs. For example, getting into the energy business as a supplier of energy producing products may require you to do an onsite inspection of the proposed area where you would like to enter. You would look what type of natural resources are available and can be tapped for the area. This could be water or wind if you are in the renewable energy development sector. You could propose making hydro electric power plants or wind turbines which harness wind power and transfers it via batteries and converters into electricity. On a smaller scale, you could even propose to sell lamp posts which use solar panels for energy gathering that lights up the lamp during evenings.
- Business of the basic necessities. Getting into the food business is often the most prolific business to enter as everyone needs to eat and to be nourished. This industry has several niches that you can enter. You can be a specialist and distinguished yourself in the niche by offering a certain type of food based on taste and perhaps nationality and type. A Chinese restaurant that specializes on hot pot dishes is one example.
Whatever business you wish to venture requires some amount of thinking and decision making as it may cost you some money from the start. Be prudent in making the decision but in the same light, be decisive once you have reviewed all the options.
Van contract hire and leasing service in UK remains to be one of the most profitable business. If you have your own company and you need a van contract hire and leasing service that fits to your budget and of excellent reputation, finding one is not hard. The Internet is a good place to start your research.
Article Source: http://EzineArticles.com/?expert=Steven_Magill
- Observation and improvement of a current problem or service. You may be working in an industry that may need some improvement on a certain situation. In the tourism sector, there may be a need for more transportation services that cater to small tourist groups. In this area, a van contract hire and leasing service may be useful. You may invest in a small van which could be used by tour operators for their clients which may be frequent. Depending on how big you would want to start the business, you could start with commuter vans or go upgrade into those big buses. What to consider in the van contracting and leasing business is the maintenance cost of the vehicle. Make sure that there is an amount set aside every month for maintenance servicing. Perhaps the van may not be serviced every month but this amount should be ready just in case of any major repairs that is bound to happen.
- Research and feasibility studies on an industry. There are certain industries wherein you need to do extensive research before entering the market. These are of course industries that may require some financial inputs. For example, getting into the energy business as a supplier of energy producing products may require you to do an onsite inspection of the proposed area where you would like to enter. You would look what type of natural resources are available and can be tapped for the area. This could be water or wind if you are in the renewable energy development sector. You could propose making hydro electric power plants or wind turbines which harness wind power and transfers it via batteries and converters into electricity. On a smaller scale, you could even propose to sell lamp posts which use solar panels for energy gathering that lights up the lamp during evenings.
- Business of the basic necessities. Getting into the food business is often the most prolific business to enter as everyone needs to eat and to be nourished. This industry has several niches that you can enter. You can be a specialist and distinguished yourself in the niche by offering a certain type of food based on taste and perhaps nationality and type. A Chinese restaurant that specializes on hot pot dishes is one example.
Whatever business you wish to venture requires some amount of thinking and decision making as it may cost you some money from the start. Be prudent in making the decision but in the same light, be decisive once you have reviewed all the options.
Van contract hire and leasing service in UK remains to be one of the most profitable business. If you have your own company and you need a van contract hire and leasing service that fits to your budget and of excellent reputation, finding one is not hard. The Internet is a good place to start your research.
Article Source: http://EzineArticles.com/?expert=Steven_Magill
STARTING A BUSINESS-WHY YOU NEED YOUR VERY OWN WEALTH TEAM By Brittany Adrews
In creating wealth you need to understand that trying to do everything on your own will spread yourself thin and set you up for failure.
Having a team supporting you in achieving your goal of wealth creation will free your time to focus on the "meat" of your business, the actual activities that REALLY generate money and/or cash flow for the business.
You must recognize that you can't do it on your own. What I see time and time again is people waiting too long to build their support team.
The most successful entrepreneurs have all had a team behind them.
The term self-made millionaire doesn't necessarily mean that a person made their millions all on their own. It means they had a vision, made proper goals, and enlisted the support of others.
Let's face it, we can't do everything.
For example, if you're looking to start a catering business, you will need the help of a marketing person, an accountant, and tax advisor, attorney, and others. These people are indispensable in starting your business with a solid foundation.
Once you've created your vision and set your goals you'll need to sit down and write out who you need to help you through this process.
I like to make a list with two columns - those that need to work on the business and those who work in the business. Before doing this, you will need to analyze your business concept.
This means that you need to take an in depth look at what your personal skills and strengths are and what you need help with. I always recommend that you focus on your skills and hire out what you need to make it happen.
Article Source: http://EzineArticles.com/?expert=Brittany_Andrews
Having a team supporting you in achieving your goal of wealth creation will free your time to focus on the "meat" of your business, the actual activities that REALLY generate money and/or cash flow for the business.
You must recognize that you can't do it on your own. What I see time and time again is people waiting too long to build their support team.
The most successful entrepreneurs have all had a team behind them.
The term self-made millionaire doesn't necessarily mean that a person made their millions all on their own. It means they had a vision, made proper goals, and enlisted the support of others.
Let's face it, we can't do everything.
For example, if you're looking to start a catering business, you will need the help of a marketing person, an accountant, and tax advisor, attorney, and others. These people are indispensable in starting your business with a solid foundation.
Once you've created your vision and set your goals you'll need to sit down and write out who you need to help you through this process.
I like to make a list with two columns - those that need to work on the business and those who work in the business. Before doing this, you will need to analyze your business concept.
This means that you need to take an in depth look at what your personal skills and strengths are and what you need help with. I always recommend that you focus on your skills and hire out what you need to make it happen.
Article Source: http://EzineArticles.com/?expert=Brittany_Andrews
WEALTH CREATION By Oyediran Kola
SEEK AND STRIVE FOR YOUR SUSTENANCE, BUT DO NOT BE COVETOUS.
Wealth is not your enemy, neither is it your friend. You decide what it is to you by the steps you take of fail to take, have you ever wondered why wealth is not an exclusive right of anybody? The blind, the deaf, the dumb, the lame, name it, can become wealthy. Deformity or physical disability is not an excuse for not making it. After all, the Steve Wonders of this world are multi-millionaires. So, what’s your excuse for not striving towards achieving a level of wealth that will make you financially independent? In fact, if you must leave the level of poverty and get to that financial stability, you have to start something. And the time to do it is now. Even if you are getting old, there are things you can still do that will make a difference in your financial status.
That is what I would describe as the wisdom of having a sort of second income generation opportunity, different from the one we get from our regular job. People have embarked on farming, organinzing seminars and workshops, fashion designing, and so on to help improve their finances. One can sustain oneself by engaging in part-time jobs. I mean doing some other things in your spare time to improve your finances. For instance, farming. This, I think, people can do to improve their finances. We cannot continue to wait for government till eternity. We must examine and appraise ourselves to know that we can do individually to better our finances and be financially independent.
“We must strive not to allow our expenses to rise above our income. You are supposed to; if you must be wealthy, cultivate the habit of saving and investing. And you can do this only when you are disciplined about your spending. It is not everything you earn that should be distributed at the end of every month. The rule is spend less than you earn.”
To be wealth, we must first earn some income and this means that we must work. This wills the money to be saved and invested. So, an idle man cannot become rich through his idleness. When he works, he gets money and he saves and invests.
Views about people becoming wealthy, many people end up poor because of some factors listed below;
Poverty Factors
A. Procrastination
B. Piling up of debts
C. Ungodliness
D. Indulgences
E. Lack of financial ability
F. Aversion to risk-taking
(a) Procrastination, which is, putting off till another day what you can do today. Many people invite poverty into their lives by postponing what they ought to do immediately. Opportunities are not lost, because the one you miss, someone else picks.
(b) Pilling up debt on absolutely worthless ventures:- Many people pile up debts on so many useless things that they find it difficult to wriggle out of such debts. I want to liken a debtor to someone into a hole, “The first thing to do if he must get out is to stop digging”. Do not be tempted by relaxed conditions of loans and credit purchase because once you start buying things on credit, it may become a habit and there is an old saying that old habit die hard”
(c) Indulgence:- On indulgence, I equally want to say that we write invitation letters to poverty if we cannot control our passion for some insignificant things. For some, gamble a lot, hoping to hit the jackpot. “These are very dangerous indulgences. They will ruin one who habitually indulge in them”
(d) Lack of financial capability:- I also want to add that people remain poor because they lack financial capability. ‘So, we must have financial ability; understand how money works, what assets and liabilities are and so on. Then we can be talking about becoming wealthy”
(e) Aversion to risk-taking:- The last factor people are afraid of losing their money so they do not want to lose it and as such run away from investments. “You have to invest money and allow the money to work for you. If you are afraid of losing your money, you cannot go far in the journey to wealthy land”
Once again, meet you in the highest level.
Wealth is not your enemy, neither is it your friend. You decide what it is to you by the steps you take of fail to take, have you ever wondered why wealth is not an exclusive right of anybody? The blind, the deaf, the dumb, the lame, name it, can become wealthy. Deformity or physical disability is not an excuse for not making it. After all, the Steve Wonders of this world are multi-millionaires. So, what’s your excuse for not striving towards achieving a level of wealth that will make you financially independent? In fact, if you must leave the level of poverty and get to that financial stability, you have to start something. And the time to do it is now. Even if you are getting old, there are things you can still do that will make a difference in your financial status.
That is what I would describe as the wisdom of having a sort of second income generation opportunity, different from the one we get from our regular job. People have embarked on farming, organinzing seminars and workshops, fashion designing, and so on to help improve their finances. One can sustain oneself by engaging in part-time jobs. I mean doing some other things in your spare time to improve your finances. For instance, farming. This, I think, people can do to improve their finances. We cannot continue to wait for government till eternity. We must examine and appraise ourselves to know that we can do individually to better our finances and be financially independent.
“We must strive not to allow our expenses to rise above our income. You are supposed to; if you must be wealthy, cultivate the habit of saving and investing. And you can do this only when you are disciplined about your spending. It is not everything you earn that should be distributed at the end of every month. The rule is spend less than you earn.”
To be wealth, we must first earn some income and this means that we must work. This wills the money to be saved and invested. So, an idle man cannot become rich through his idleness. When he works, he gets money and he saves and invests.
Views about people becoming wealthy, many people end up poor because of some factors listed below;
Poverty Factors
A. Procrastination
B. Piling up of debts
C. Ungodliness
D. Indulgences
E. Lack of financial ability
F. Aversion to risk-taking
(a) Procrastination, which is, putting off till another day what you can do today. Many people invite poverty into their lives by postponing what they ought to do immediately. Opportunities are not lost, because the one you miss, someone else picks.
(b) Pilling up debt on absolutely worthless ventures:- Many people pile up debts on so many useless things that they find it difficult to wriggle out of such debts. I want to liken a debtor to someone into a hole, “The first thing to do if he must get out is to stop digging”. Do not be tempted by relaxed conditions of loans and credit purchase because once you start buying things on credit, it may become a habit and there is an old saying that old habit die hard”
(c) Indulgence:- On indulgence, I equally want to say that we write invitation letters to poverty if we cannot control our passion for some insignificant things. For some, gamble a lot, hoping to hit the jackpot. “These are very dangerous indulgences. They will ruin one who habitually indulge in them”
(d) Lack of financial capability:- I also want to add that people remain poor because they lack financial capability. ‘So, we must have financial ability; understand how money works, what assets and liabilities are and so on. Then we can be talking about becoming wealthy”
(e) Aversion to risk-taking:- The last factor people are afraid of losing their money so they do not want to lose it and as such run away from investments. “You have to invest money and allow the money to work for you. If you are afraid of losing your money, you cannot go far in the journey to wealthy land”
Once again, meet you in the highest level.
Financial Independence - The Path to Financial Freedom By Andrew Papas
Your financial freedom objective is to save, invest money wisely and to accumulate assets for the future through carefully planned strategies. It requires planning, gaining financial knowledge and the discipline to practice the things that need to be done.
Your desire to achieve Financial Freedom is the generating power of ACTION. Success will come about if it is something you really believe.
SET YOUR FINANCIAL GOALS.
Your Financial Goals can be classified as SHORT TERM, MID TERM and LONG TERM. Establish realistic goals. Treat yourself as a business manager responsible for managing your financial resources.
The number one reason for money problems is poor financial skills. Educate yourself to make MONEY WORK FOR YOU! Learn what the various investments are and how they operate. Attend seminars and workshops which improve financial skills and read literature to stay in touch with current developments.
Use the professional services offered by accountants, financial planners, the banks, and others with proper credentials and good track records to guide you.
CAUSES OF FAILURE
Unrealistic goals, wrong goals or lack of specific goals. Bad financial decisions, bad money habits.
Lack of ambition,motivation, or discipline. Too much reliance on luck and wishful thinking. Inability to break out of bad habits or not willing to try new ways. Poor planning and organisation. Insufficient knowledge or skills.
DEVELOP YOUR OWN PERSONAL MONEY MANAGEMENT PROGRAM
Live within your income. Know how it is spent and what your financial responsibilities are. A Personal Money Management Program will help to release income to better use by-
-controlling expenses
-helping you to accumulate savings
DEVELOP AN EFFECTIVE SAVINGS PLAN
Your savings objectives will be dependent on your current economic circumstances. Adopt a pay yourself first policy by putting into your savings account between 10%-20% of your income each week before you pay any other bills.
From time to time, go on a crash savings program to help save even more money quickly.
INVESTING WISELY
Your goal is to increase your wealth over time and to get the best possible return from the money you invest. Always take into account the prevailing economy. Each type of investment has its own risks and consequences that you should fully understand.
Carefully read and analyse all documents including all the fine print before signing anything and, only after you have sought professional help.
CONSIDER THE FOLLOWING:
Is the investment suitable for you? Is it the right time to invest?
How much can you safely afford to invest? What are the benefits and risks involved? Will the investment provide a reasonable return for the amount of money invested?
EFFECTIVE USE OF CREDIT
The old saying "It takes money to make money" is true.The proper use of credit can help you to build your wealth, but, you must have the self control necessary to use it wisely.
CONSIDER THE FOLLOWING:
-Your assets and liabilities
-Current interest rates and the costs involved
-Fully understand the benefits and the consequences
-Investigate all sources and always look for the best deals
-Deal only with well established firms and qualified people
-Never be late in repaying loans.
My name is Andrew Papas and my website is http://www.career-and-income-opportunity.com. The philosophy of my website is to bring together the best resources available and legitimate, complementary Internet Marketing opportunities that can work for you to start a Home based online business. You will find the best organisations and their resources that not only teach, but also help you to build and develop your online business opportunity.
Article Source: http://EzineArticles.com/?expert=Andrew_Papas
Your desire to achieve Financial Freedom is the generating power of ACTION. Success will come about if it is something you really believe.
SET YOUR FINANCIAL GOALS.
Your Financial Goals can be classified as SHORT TERM, MID TERM and LONG TERM. Establish realistic goals. Treat yourself as a business manager responsible for managing your financial resources.
The number one reason for money problems is poor financial skills. Educate yourself to make MONEY WORK FOR YOU! Learn what the various investments are and how they operate. Attend seminars and workshops which improve financial skills and read literature to stay in touch with current developments.
Use the professional services offered by accountants, financial planners, the banks, and others with proper credentials and good track records to guide you.
CAUSES OF FAILURE
Unrealistic goals, wrong goals or lack of specific goals. Bad financial decisions, bad money habits.
Lack of ambition,motivation, or discipline. Too much reliance on luck and wishful thinking. Inability to break out of bad habits or not willing to try new ways. Poor planning and organisation. Insufficient knowledge or skills.
DEVELOP YOUR OWN PERSONAL MONEY MANAGEMENT PROGRAM
Live within your income. Know how it is spent and what your financial responsibilities are. A Personal Money Management Program will help to release income to better use by-
-controlling expenses
-helping you to accumulate savings
DEVELOP AN EFFECTIVE SAVINGS PLAN
Your savings objectives will be dependent on your current economic circumstances. Adopt a pay yourself first policy by putting into your savings account between 10%-20% of your income each week before you pay any other bills.
From time to time, go on a crash savings program to help save even more money quickly.
INVESTING WISELY
Your goal is to increase your wealth over time and to get the best possible return from the money you invest. Always take into account the prevailing economy. Each type of investment has its own risks and consequences that you should fully understand.
Carefully read and analyse all documents including all the fine print before signing anything and, only after you have sought professional help.
CONSIDER THE FOLLOWING:
Is the investment suitable for you? Is it the right time to invest?
How much can you safely afford to invest? What are the benefits and risks involved? Will the investment provide a reasonable return for the amount of money invested?
EFFECTIVE USE OF CREDIT
The old saying "It takes money to make money" is true.The proper use of credit can help you to build your wealth, but, you must have the self control necessary to use it wisely.
CONSIDER THE FOLLOWING:
-Your assets and liabilities
-Current interest rates and the costs involved
-Fully understand the benefits and the consequences
-Investigate all sources and always look for the best deals
-Deal only with well established firms and qualified people
-Never be late in repaying loans.
My name is Andrew Papas and my website is http://www.career-and-income-opportunity.com. The philosophy of my website is to bring together the best resources available and legitimate, complementary Internet Marketing opportunities that can work for you to start a Home based online business. You will find the best organisations and their resources that not only teach, but also help you to build and develop your online business opportunity.
Article Source: http://EzineArticles.com/?expert=Andrew_Papas
Saturday, March 20, 2010
39 FAMOUS WORLD INVENTORS B y Oyediran Asimiyu 'kola
From the saying of a great philosopher. (NAPOLION HILL-Think And Grow Rich)
“WHAT THE MIND OF MAN CAN CONCIEVED AND BELIEVE IT CAN ACHIEVE”
And
“BOTH POVERTY AND RICHES ARE THE OFFSPRING OF THOUTH”
THE 39 FAMOUS WORLD INVENTORS
1286 Spectacle was invented by “Venice”
1455 Printing press Machine was invented by “Jonahs Gutenberg”
1590 Microscope was invented by “Zacharias Jansen”
1643 Barometer was invented by “Evangelista Torrice”
1662 Adding machine was invented by “Blaise Pascal”
1698 Steam Engine was invented by “Thomes Sarvey”
1769 Car steam was invented by “Nicholas Cugnot”
1775 Ship steam was invented by “Sir Charles Pasons”
1776 Submarine was unvented by “David Bushnell/ Saybrook”
1780 Bifocal lens was invented by “Benjamin Franklin”
1783 Balloon was invented by “Jacque / Joseph Montgolfier”
1791 Electric Washing machine was invented by “Hurley”
1797 Parachute was invented by “Andre Jasquest”
1824 Cement was invented by “Joseph Aspondin”
1830 Sewing machine was invented by “Baryhlomey”
1841 Vulcanized rubber was invented by “Charles Goodyear”
1849 Safety Pin was invented by “William Hunt”
1851 Refrigerator was invented by “James Harrison”
1852 Lift was invented by “Elisha g. Otis”
1861 Machine Gun was invented by “Richard Gating”
1863 Margarine was invented by “Hippolyte Mouries”
1873 Barbed Wire was invented by “Joseph F. Glidden”
1876 Microphone was invented by “Alexandra Graham bell”
1877 Electric Welding machine was invented by “Elisha Thompson”
1882 Skyscraper was invented by “William Lee B. Jenny”
1884 Motor Cycle was invented by “Edward Butter”
1885 Transformer was invented by “William Stanley”
1886 Car Petrol was discovered by “Karl Benz”
1876 Carburetor was invented by “Gotileb Danilla”
1888 Bicycle tyre was invented by “John Boyd Dunlop”
1895 X-Ray was invented by “Prof. William Von Rontgen”
1900 Wheel was invented by “Sumerian Civilization”
1924 Loudspeaker was invented by “Rice Kellong”
1926 Television was invented by “John Logier Biard” from Scotland
1937 Xerographic was invented by “Chester Carrizo”
1937 Jet Engine was invented by “Sir Frank White”
1938 Ball point pen was invented by “John J. Lord”
1948 Transistor was invented by “John Bardeen William Schley and Wilier
Brattain”
1903 An Airplane was invented by “Orville & Wilbur Wright” from America.
Hence these are in exhaustive in which you too can also be an inventor. The current world economic tendency is envisaged to allow ideas and values that would have positive social and economic benefit that would transcend geographical borders and national differences.
The change in international affairs and ways of connecting business, informed the formation of institutions like International Monetary Fund (IMF)
World Bank, European Union (EU), Paris Club, African Union ( formerly O.A.U), Economic Community Of West African State (ECOWAS) among others, so as to facilitate the flow of capital, goods, services and manpower which has become known as globalization. This system is expected to create an unprecedented opportunities and creating wealth for the betterment of the society
“WHAT THE MIND OF MAN CAN CONCIEVED AND BELIEVE IT CAN ACHIEVE”
And
“BOTH POVERTY AND RICHES ARE THE OFFSPRING OF THOUTH”
THE 39 FAMOUS WORLD INVENTORS
1286 Spectacle was invented by “Venice”
1455 Printing press Machine was invented by “Jonahs Gutenberg”
1590 Microscope was invented by “Zacharias Jansen”
1643 Barometer was invented by “Evangelista Torrice”
1662 Adding machine was invented by “Blaise Pascal”
1698 Steam Engine was invented by “Thomes Sarvey”
1769 Car steam was invented by “Nicholas Cugnot”
1775 Ship steam was invented by “Sir Charles Pasons”
1776 Submarine was unvented by “David Bushnell/ Saybrook”
1780 Bifocal lens was invented by “Benjamin Franklin”
1783 Balloon was invented by “Jacque / Joseph Montgolfier”
1791 Electric Washing machine was invented by “Hurley”
1797 Parachute was invented by “Andre Jasquest”
1824 Cement was invented by “Joseph Aspondin”
1830 Sewing machine was invented by “Baryhlomey”
1841 Vulcanized rubber was invented by “Charles Goodyear”
1849 Safety Pin was invented by “William Hunt”
1851 Refrigerator was invented by “James Harrison”
1852 Lift was invented by “Elisha g. Otis”
1861 Machine Gun was invented by “Richard Gating”
1863 Margarine was invented by “Hippolyte Mouries”
1873 Barbed Wire was invented by “Joseph F. Glidden”
1876 Microphone was invented by “Alexandra Graham bell”
1877 Electric Welding machine was invented by “Elisha Thompson”
1882 Skyscraper was invented by “William Lee B. Jenny”
1884 Motor Cycle was invented by “Edward Butter”
1885 Transformer was invented by “William Stanley”
1886 Car Petrol was discovered by “Karl Benz”
1876 Carburetor was invented by “Gotileb Danilla”
1888 Bicycle tyre was invented by “John Boyd Dunlop”
1895 X-Ray was invented by “Prof. William Von Rontgen”
1900 Wheel was invented by “Sumerian Civilization”
1924 Loudspeaker was invented by “Rice Kellong”
1926 Television was invented by “John Logier Biard” from Scotland
1937 Xerographic was invented by “Chester Carrizo”
1937 Jet Engine was invented by “Sir Frank White”
1938 Ball point pen was invented by “John J. Lord”
1948 Transistor was invented by “John Bardeen William Schley and Wilier
Brattain”
1903 An Airplane was invented by “Orville & Wilbur Wright” from America.
Hence these are in exhaustive in which you too can also be an inventor. The current world economic tendency is envisaged to allow ideas and values that would have positive social and economic benefit that would transcend geographical borders and national differences.
The change in international affairs and ways of connecting business, informed the formation of institutions like International Monetary Fund (IMF)
World Bank, European Union (EU), Paris Club, African Union ( formerly O.A.U), Economic Community Of West African State (ECOWAS) among others, so as to facilitate the flow of capital, goods, services and manpower which has become known as globalization. This system is expected to create an unprecedented opportunities and creating wealth for the betterment of the society
NEED FOR POVERTY ERADICATION IN NIGERIA BY;Oyediran A Oyekola
In continuation of my last edition, I particularly focus on Nigeria for now being the largest country in West Africa, yet poverty ridden nation.
For a large majority of Nigerians of over 120 million people, a survey conducted by Nigerian Federal Office of Statistics shows that in a sixteen years period that began in 1980,the percentage of Nigerians living in poverty rose astronomically from 28% to 66%.Within the same period, the percentage of the rural poor increased from 29% to 70%,while the share of the poor in the urban areas rose from 18% to 55%.Ethnic Militia have virtually taken over every nooks and cranny of our streets. This actually culminated out of precarious economic instability. Cult groups are now ruling and taking shot in the nations Alma-Malta, while the female students are turning their campuses into prostitution – breeding centers, basically to sustain themselves.
To compound these problems, the curriculum of our educational institutions were generally geared towards producing graduate whose sole expectation was to secure a “kola” job that were becoming virtually or scantly scarce, If not entirely non- existent. Universities and Polytechnics were running Degrees, Diploma and Certificate programmes which presupposed that business already exist not only to employ their graduate but also for graduates to manage or administer.
Even with the establishment of many technical colleges, the product of these technical educational institutions still lack the necessary technical know- how to take us to the promise land.
All these factors explained at least impact the present disgraceful level of poverty in the country. Many people have a wrong notion that once you have secured an employment in any organization you have to be in that employment until you retire. And what should be done is multidimensional approach to the issue of poverty eradication in our midst. But I must state it empirically and emphatically too, without deceiving ourselves that, we just have to think of what an individual can do on their own through a capacity-building strategy in order to get ourselves out of yoke of poverty.
Lucky for us now, things are changing and the wind of change brings growing recognition by both leader and citizen across the country that, the future prosperity of our people depend largely on private enterprises. Invariably, efforts are therefore being made by the government to create an enabling economic climate where business could thrive and flourish.
Efforts are being made to include entrepreneurial training in curriculum of schools and colleges. But more need to be done in this regard.
Meet you in the highest level.
For a large majority of Nigerians of over 120 million people, a survey conducted by Nigerian Federal Office of Statistics shows that in a sixteen years period that began in 1980,the percentage of Nigerians living in poverty rose astronomically from 28% to 66%.Within the same period, the percentage of the rural poor increased from 29% to 70%,while the share of the poor in the urban areas rose from 18% to 55%.Ethnic Militia have virtually taken over every nooks and cranny of our streets. This actually culminated out of precarious economic instability. Cult groups are now ruling and taking shot in the nations Alma-Malta, while the female students are turning their campuses into prostitution – breeding centers, basically to sustain themselves.
To compound these problems, the curriculum of our educational institutions were generally geared towards producing graduate whose sole expectation was to secure a “kola” job that were becoming virtually or scantly scarce, If not entirely non- existent. Universities and Polytechnics were running Degrees, Diploma and Certificate programmes which presupposed that business already exist not only to employ their graduate but also for graduates to manage or administer.
Even with the establishment of many technical colleges, the product of these technical educational institutions still lack the necessary technical know- how to take us to the promise land.
All these factors explained at least impact the present disgraceful level of poverty in the country. Many people have a wrong notion that once you have secured an employment in any organization you have to be in that employment until you retire. And what should be done is multidimensional approach to the issue of poverty eradication in our midst. But I must state it empirically and emphatically too, without deceiving ourselves that, we just have to think of what an individual can do on their own through a capacity-building strategy in order to get ourselves out of yoke of poverty.
Lucky for us now, things are changing and the wind of change brings growing recognition by both leader and citizen across the country that, the future prosperity of our people depend largely on private enterprises. Invariably, efforts are therefore being made by the government to create an enabling economic climate where business could thrive and flourish.
Efforts are being made to include entrepreneurial training in curriculum of schools and colleges. But more need to be done in this regard.
Meet you in the highest level.
Thursday, March 18, 2010
GETTING OUT OF POVERTY-THE BEST WAY OUT
My names are Oyediran A.Oyekola-Chatered Accountant
I am writting my post strting from my immediate environment as a Nigerian before moving globally.This write up is meant to englighting people on business development and management solutions.
Right from the time of Nigeria independence in 1960,Nigeria has consistently been described as a land of opportunities like any other countries of the worild.Even the public affairs commentator,however,pointed out that noot a few Nigerians are discouraged from availing themselves of these immense oppportunities put in place by nature,no thanks to the dilapidation of major public utilities and the higher cost of doing business which they argued,conspire to frustrate the attempt of the people to cross the boundary of poverty in the country.
There is no doubt that Nigeria is potentially Africa's richest country.As the world's sixth largest producer of crude oil with huge reserves of minerals and agricultural richness and manpower,I believe Nigerians shuold enjoy some of the highest global living standard,so argued the economic watchers around the globe.But available indication pointed ironically to some of the lowest living standards in Africa,talk less of world at large.
World ecomonic analysis indicates that large majority of people living in poverty resulting from lack of initiatives to be self reliance.Hence there is a need to learn how to build a profutable business no mattrer your level of education.Recent survey conducted revealed the majority of wealthy people globally started fron scratch to the top.How did go about it? What motivated to successed will be analys and revealed. Meet me soonesst on same web www.buildingprofitablebusiness.com
I am writting my post strting from my immediate environment as a Nigerian before moving globally.This write up is meant to englighting people on business development and management solutions.
Right from the time of Nigeria independence in 1960,Nigeria has consistently been described as a land of opportunities like any other countries of the worild.Even the public affairs commentator,however,pointed out that noot a few Nigerians are discouraged from availing themselves of these immense oppportunities put in place by nature,no thanks to the dilapidation of major public utilities and the higher cost of doing business which they argued,conspire to frustrate the attempt of the people to cross the boundary of poverty in the country.
There is no doubt that Nigeria is potentially Africa's richest country.As the world's sixth largest producer of crude oil with huge reserves of minerals and agricultural richness and manpower,I believe Nigerians shuold enjoy some of the highest global living standard,so argued the economic watchers around the globe.But available indication pointed ironically to some of the lowest living standards in Africa,talk less of world at large.
World ecomonic analysis indicates that large majority of people living in poverty resulting from lack of initiatives to be self reliance.Hence there is a need to learn how to build a profutable business no mattrer your level of education.Recent survey conducted revealed the majority of wealthy people globally started fron scratch to the top.How did go about it? What motivated to successed will be analys and revealed. Meet me soonesst on same web www.buildingprofitablebusiness.com
Subscribe to:
Posts (Atom)