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Add You - Essential Factors for Success in Business
The Rs.1,30,000 crore Indian textile industry is concerned of rising crude oil prices and fierce competition from China in world trade. The textile industry is less optimistic over their performance in coming quarter than it was in the July-September quarter. This is revealed by the thi
When I learnt HTML, it seemed the easiest thing to design websites because I had all the knowledge required. But my ego got a nice brush-off when I des
Starting up your own business can be an extremely daunting task. Getting it up and running is a huge gamble as if the business fails the lcost to you is often high in terms of lost investment of your time and money. Twenty per cent of businesses fail in their first year, and an addition
1. Knowledge - Knowledge of what you are doing is essential for every business. Even if your neighbor is making millions manufacturing a certain product, you cannot follow his footsteps if you do not have the knowledge of manufacturing that product.
Even if you pay an expert to get the job done, you need to have some knowledge to be able to supervise your employee's work.
2. Experience - 'Knowledge is a lifeless body; Experience is it's soul.' Without experience, knowledge is useless. Take this example of Swimming. You can read the best books available and gain a lot of knowledge on Swimming and still not be able to swim! The same holds true for business.
When I learnt HTML, it seemed the easiest thing to design websites because I had all the knowledge required. But my ego got a nice brush-off when I des
More often than not, we make decisions impulsively, without dwelling on too much thought about what we want and without considering other options, guidelines and criteria to base our decisions with. We can always get away with this on small decisions such as deciding on the flavor of St
Even if you pay an expert to get the job done, you need to have some knowledge to be able to supervise your employee's work.
2. Experience - 'Knowledge is a lifeless body; Experience is it's soul.' Without experience, knowledge is useless. Take this example of Swimming. You can read the best books available and gain a lot of knowledge on Swimming and still not be able to swim! The same holds true for business.
When I learnt HTML, it seemed the easiest thing to design websites because I had all the knowledge required. But my ego got a nice brush-off when I des
According to the U.S. Census Bureau, there are more than 10 million self-employed workers in the United States and that number is increasing - for good reason. Being your own boss means not worrying you'll be laid off or fired. It allows you to create your own work schedule. It holds o
Even if you pay an expert to get the job done, you need to have some knowledge to be able to supervise your employee's work.
2. Experience - 'Knowledge is a lifeless body; Experience is it's soul.' Without experience, knowledge is useless. Take this example of Swimming. You can read the best books available and gain a lot of knowledge on Swimming and still not be able to swim! The same holds true for business.
When I learnt HTML, it seemed the easiest thing to design websites because I had all the knowledge required. But my ego got a nice brush-off when I des
I've never worked for a boss I didn't like or respect. Sure, some were better than others, but I never considered quitting my job because of a bad boss. Unfortunately, many employees aren't so lucky. If your boss is a total butthead, someone you'll never get along with, admire
When I learnt HTML, it seemed the easiest thing to design websites because I had all the knowledge required. But my ego got a nice brush-off when I des
Measuring Return on Investment (ROI) is a solid business principle that helps guide corporate decisioning. However for purposes of this blog post I want you to think of ROI as return on imagination, ideas and innovation. It is the return on innovation that will allow companies to mainta
When I learnt HTML, it seemed the easiest thing to design websites because I had all the knowledge required. But my ego got a nice brush-off when I designed my first website. After that, it was a race for gaining experience with every website that I designed. And believe me, no book has ever taught me what my own experiences have taught!
3. Team Selection - Together Each Achieves Most! A good team makes all the difference. Each one in your team should be an expert in his work. DO NOT hire a person who does not know his job well, simply because he is cheaper. Do not compromise on the quality of your work.
Small business owners may find it difficult to hire a specialized personnel. The least you can do is to make sure the person has some knowledge of what you expect him to do.
4. Attitude towards Wealth Creation - Wealth Creation and Profit Making are the objectives of doing any business activity. Nevertheless, they should not be giv
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