Thursday, 18 April 2013

12 Most Marvelous Assets You Can Offer Your Company


                            12 Most Marvelous Assets You Can Offer Your Company

businesses try and keep up, people discuss all these “issues” in management but in reality it’s all noise.
All we are talking about here are people. People with skill sets, mindsets and varied attributes and abilities — every generation shares them. At the core, despite these generational “categories,” there are some attributes which are “gen”-less. Companies need to identify the specific skills they need to succeed and make judgments based on that, people need to highlight their own skills instead of focusing on their age groups and “Gen Traits”. Regardless of your age, your experience, your status, there are attributes that equal success.
If you show these qualities, you will break the mold. You will stop facing, what I’ve named, “Genrification,” discrimination based on generational grouping and start being valued as yourself. The more of these that you develop, work on or have, the more successful you will be.
Break the mold: here are the 12 Most Marvelous Assets You Can Offer Your Company regardless of age:

1. Be adaptable and manage change

Change is one of the most difficult things for anyone to deal with. When you respond well to change, keep an open mind and embrace the possibilities, you empower yourself with a quality of great value. In contrast, many people resist change, create conflict and struggle. This doesn’t help an organization move forward. We are living in a time of change, one where the ability to adapt, learn new ways and work with your organization in the direction it is going is key. If you’re committed to this, you’re ahead of the game!

2. Recognize that you are always learning

It does not matter what profession you are in, how many degrees you have or how long you have done something for. There is always something new to learn. You would be surprised (or perhaps not) at how many people think they “know” everything — or are afraid they will look bad if they come across something they don’t know. If you look at life through these eyes, you commit yourself to being stunted. Recognize that you have no way of knowing what others know, that you cannot possibly have learned everything. People who take this approach position themselves to be “always evolving.” People who evolve and who learn willingly are fantastic to work with and can view the world as a fresh and interesting place. Note: saying you “like to learn” is not the same as recognizing you are always learning. Be the person who is always open to possibility, approaching life knowing there is always something to learn.

3. Never say “I know”

Oftentimes, when people ask for help they get an answer and respond with “I know.” It is far more admirable and appreciated to hear someone say, “Oh, cool — I thought it might be something like that” or “Thank you, I was missing that piece to the puzzle” than to hear the words “I know.” If you knew, then it’s likely someone wouldn’t have been explaining it to you. It is okay not to know everything (see point #2). People who ask questions and find positive ways of acknowledging that they just learned something are rare. Admit when you don’t know and ask for help. If you can master this, you will always be well-received in a team, and your general demeanor changes from one of defense to one of collaboration. Collaboration is essential. Companies need team players.

4. Be resourceful and investigative

My last two points covered the benefit of knowing you are always learning and responding to feedback or instruction. Those highlight what qualities are appreciated when you ask for help or receive guidance. Being resourceful and investigative in your approach to work and trying to find answers for yourself before you take up another person’s time is also important. We all have tools , references, experiences we can pull from to try and find answers. Resourceful people make it their business to learn what their resources are, and tend to be far more efficient because of it. They do not try to skip steps by asking others things they could have easily done themselves. Before they waste others time, they do everything they can to find a solution.
If you are resourceful and investigate things before you draw conclusions people will stand up and take notice. Beyond that, being resourceful and investigative will allow you to uncover more possibilities, offer solutions and leads to innovation — another extremely powerful asset driving growth. Think for yourself. Put a resourceful person on a desert island, they will find a way to survive. Put five people who are not resourceful on the same island, they might die asking each other what to do.

5. Be motivated and determined — give it your all

No matter where you are in life, no matter what you do, be committed to give it your all. Too many people waste company time and money doing a job at half steam. Some people think a position is just a stepping stone, so they focus on where they are going instead of what they need to do now. This is a huge mistake. Those who are motivated and determined to do their very best take pride in their work and it is evident — they bring it full force, surpassing expectations, setting goals, they “find a way.” People with dedication bring profit. Companies today suffer from the problem of disengaged employees, anyone who is willing to give it their all is treasured.

6. Value others time, treat everyone with the same importance

People who respect others, who can see the value in every human being around them are not only the most pleasant to work with but are the ones who are likely to drive success based on their ability to collaborate, encourage, motivate and make people feel good. Too many people walk around thinking the whole world revolves around them. People who respect other’s are like a breath of fresh air in a polluted world. This quality benefits everyone in meetings, in the day to day workings of any position, and with clients. Be prepared, bring your game, respect others — this means a lot.

7. Keep the big picture in mind, do not lose focus

Before you react to anything nurture the process in yourself to ask what the big picture looks like. A process that doesn’t make sense to you might have factors contributing to it that are beyond your current line of vision. People who do this when they see conflict, when they hear about change, or when they have an objection can come through things positively, act based on objectives and accomplish goals. Try and put yourself in another’s shoes, see things from different points of view. When things happen to people who are able to step back and see the big picture, it allows them to always move in the right direction and not get hung up on the little things. This also allows people to identify areas of improvement, or new opportunities. If you have this ability you will always accomplish the goals you are working towards. It’s a tremendous asset.

8. Be a strong communicator

Communicating means listening too. Take the time to listen, observe body language and truly be present in your communications. When something bothers you, when you see something that you question — do exactly that, ask questions, listen, explore possibilities by interacting with the people around you. If you have something on your mind, communicate it clearly, don’t make people read between lines. If there is a problem, speak up. If you have an idea, share it. Someone who truly communicates well is precious. The ability to truly communicate is easily one of the greatest assets for any position.

9. Be the smile

It is not easy staying positive. We face constant challenges in our daily environments: change, difficult clients, technical difficulties, underlying personal issues, general frustrations. We choose how we respond. It is very easy to jump on a bandwagon of frustration or complaint. When this happens, what we really need is some light in our day. Being that light, whether it be with a smile, by working on solutions, or having a positive word to turn things around is arguably one of the biggest gifts you can give. People who can respond positively keep things moving forward. Be the ray of light, it takes work, but it is well worth it.

10. Be reliable

Reliability is essential for anyone who is part of a team, who has a job to do. Showing up, doing what you said you would do, being present consistently — both physically and mentally makes a difference. We have all worked somewhere where we have experienced people who are consistently absent, or who say they will do something and don’t. Being accountable for yourself, taking pride in being reliable is an asset that is recognized and appreciated by employers, team members and clients. Being reliable does not mean being superhuman — everyone gets sick, everyone gets too busy to finish something on schedule. It happens. Being reliable is about self management, about keeping people up to date on your current status, about recognizing that people are relying on you and being there.

11. Be appropriate and professional

Corporations lean more and more towards providing liberal environments that foster growth and development in their employees — at least this is what we hope for. As human beings, we “make” our corporations, we are the workings that create what is within the culture. Those who recognize how to behave, how to treat others with respect, how to live within a culture nurture positive environments, encourage stability and foster the ability for growth. We are each responsible for our part in a company’s success. Alexandra Levit wrote a book called “They Don’t Teach Corporate in College.” The book is geared at 20 something’s and it’s a fantastic resource for all ages.
“Unprofessional behavior” is not limited to people “just leaving college”, it’s seen at all ages, at all levels of success and in all fields. No matter how good your work is, no matter how brilliant you are, professionalism is necessary in all work environments. It’s not measured by a degree or list of accomplishments. It’s the ability to navigate waters without ever stepping on others toes, being diplomatic, being level headed and keeping that smile even when debating a difficult issue. It’s also about keeping “personal” and “emotional” out of the equation; Knowing your place and respecting the role you have, as well as the roles others have to play. If you do not conduct yourself in a professional manner, it makes working with you very difficult. There’s always a professional way to handle something. People who master this are well respected, will advance in their careers and are strong assets to their companies and peers.

12. Know yourself

You should be able to identify for yourself all of your greatest strengths and your greatest weaknesses. Many people feel they have a great deal of self knowledge — yet real self knowledge is one of the hardest things to truly have. It is difficult because it involves examining what is wrong with you, nobody wants to look at that. This knowledge is valuable, hard to come by and should be sought after and appreciated — not dreaded. It’s okay not to be perfect, “nobody is perfect.”
Bite the bullet, ask people around you to share with you where they think you can improve. Don’t be defensive, listen and understand it. If you do not understand or see these qualities, start paying attention, seek this information from multiple sources. Ask the question, “How could I be a bigger asset, what can I do to improve?” A good manager should be a guide in sharing both your strengths and challenges with you. Feedback from others is the greatest gift we can receive, be it negative or positive — it is all important. It allows you to work better in teams, understand what support you need, understand where you can excel. In knowing yourself, you become a better more balanced person.
People who have true self knowledge are the strongest assets to a company because they will position themselves to do their best work, and work through tough spots with a positive approach, constantly developing, growing and providing value for their organization and those around them. The 12 most marvelous assets you can offer your company do not come with age, they come with approach, focus and character. No matter where you are in life or what you are doing if you have these you will be at an advantage.
Putting people in “boxes” and making judgments on age, generational groups or experience alone will only foster a rigid organization that will struggle as the world changes around them. Companies that will succeed today will be the ones that recognize the top qualities individuals can bring and not fall into the trap of stereotyping and discrimination. They will be the ones that will offer people the opportunity to evolve and grow with the company. They will see these core qualities as assets. The individuals and leaders who provide the above will break the mold and flourish.
Let’s start thinking and acting above all the “noise” and focus on the true value and strengths of talent in the workplace today.
  • Have you faced challenges because of being placed in a Generational “box”?
  • Have you been sidetracked by a person’s generational stereotype when going through the hiring process?
  • At the end of the day, isn’t it a group of skills, abilities or qualities like the ones above that truly make you/your star employees shine, or is it really age?
  • What skills would you add to this list? What qualities do you value?

HOW TO OVERCOME CHALLENGES AND OBSTACLES AS AN ENTERPRENEUR

         HOW TO OVERCOME CHALLENGES AND OBSTACLES AS AN ENTERPRENEUR

The day you make up your mind to start a business, that’s the day your name will be written in the ‘’book of world changers’’. Being an entrepreneur isn’t as easy as some people think. If it was, we would have a high number of job opportunities.
If you’re an entrepreneur or small business owner reading this content, congratulations! You’re indeed a blessing to the world.
Without mincing words, here are 9 ways to overcome obstacles and limitations as an entrepreneur.

1. Move with Positive Thinkers

If you’re surrounded with positive minded people, you’ll focus more on achieving your dreams even when the going seems tough. If you move with negative minded people, your mind would be corrupted, and soon enough you’ll lose zeal and focus.
Ignore naysayers and build a network of positive minded people. Don’t make ‘’anyhow’’ friends, build relationships with people that share the same goal and vision.

2. Go Back to Your Roots

It’s easy to lose focus and start doubting your mission as an entrepreneur. Anytime you feel like you’re discouraged, don’t give in. Go back to your roots and re-think (or re-analyze) on why you started the business at the first place.
Write down your goals and put them on the wall (a visible area), and meditate on it.
Soon enough, you’d be energized and more determined to face any obstacle.

3. Don’t Give Up, Keep Trying

Do you think we would have been able to have all the nice and beautiful things we have today if people like Bill Gates, Mark Zuckerberg, and Steve Jobs had given up their businesses?
Mark Zuckerberg and Larry Page started from a University dormitory but today, they control the biggest firms in the world. I know it’s not easy to be an entrepreneur but, you must understand that it is not where you are that matters, but where you’re going.
Keep trying even when the going seems tough. Never give up!
Pro tip: Be persistent. Keep trying and with time, you’d experience that breakthrough you’ve always wanted.

4. Change Your Thoughts–Meditate on the Right Things

Thoughts are pictures or images of the mind with constructive or destructive meaning. They are machines of the mind that can either grow or destroy your business. Your thoughts determine whether you’re go far in business or not.
If you desire to become a world-celebrated entrepreneur, change your thoughts!
Re-frame your thoughts by moving with positive thinkers, reading inspirational and motivational books, listening to inspirational messages, and meditating on the right materials.
Pro tip: Change your thoughts and become a successful entrepreneur.

5. Change your Perception Towards Challenges

Challenges are your best business partners so, don’t see challenges as a personal affront; see it as a stepping stone to your promotion.

6. Don’t Overwork Yourself–Outsource

As an entrepreneur, you like doing everything 24/7. Not only are you doing what you love, you’re also working on projects you’re not good at. If you’re someone like this, my advice to you today is to outsource the areas you’re weak at to save eons of time.
Pro tip: This may sound stupid or absurd but it’s the truth, you’ll be more productive if you outsource your weaknesses (the things you’re not good at).

7. Make Tenacity your Friend

‘’Where there’s a will, there’s a way”…
My top tip for overcoming limitations as an entrepreneur is to believe in YOU. If you don’t believe in yourself, no one will! Believe that there’s nothing you can’t achieve.
Stand up tall and say, ”I believe in the possibility of a bright future”.

8. Think BIG!

The universe does not support small dreams. Make your dream big so that the universe would be part of it.

9. Work Smarter, Not Harder

If you think that working hard is the secret to becoming a successful entrepreneur, you’re wrong. If it was, why are Carpenters and Bricklayers not the richest people in the world today?
Pro tip: stop working hard–work smart!
Do one thing at a time and measure your results consecutively!

How to write a research proposal

                                                 How to write a research proposal

These recommendations do not guarantee a successful research application!
They are intended to help you conceptualize and prepare a research proposal,
giving the process structure and a timetable for you to develop. Good luck!
When applying for a research grant or a study scholarship, you are expected to
hand in a "detailed and precise description of study or research proposal as well as information on any previous study or research projects of particular relevance to a decision of award."
The purpose of the proposal is to ensure that
  • the candidates have done sufficient preliminary reading/research
    in the area of their interest
  • that they have thought about the issues involved and are able to provide more than a broad description of the topic which they are planning to research.
The proposal is not a fixed blueprint. One cannot predict one's findings beforehand or mechanically stick to an argument since the research will inevitably alter or even unseat one's initial expectations. There is no fixed formula for writing a proposal.
However, your challenge is to convince members of the scientific community that you
  • have identified a scientific problem
  • have a theoretical background and a methodical approach to solve the problem
  • within a realistic time frame and at reasonable expenses.
With your research you will add a new aspect to the scientific discourse.
First, consult your advisor on length, layout (typeface, line spacing, font, etc.), format, as well as a table of contents and page numbers. Members of the selection committee may have to read a large number of research proposals so good construction and legibility of your proposal is to your advantage.
Title Page:
  • Personal data (name, academic title, your position at your own university, date of
    birth, nationality, your contact information, institutional contact.
  • (Working) Title of your planned dissertation or research report.
    words in the title should be chosen with great care, and their association with one another must be carefully considered. While the title should be brief, it should be accurate, descriptive and comprehensive, clearly indicating the subject of the investigation.
In order to develop a clear title, you must also be clear about the focus of your research!
Strive for the title to be ten words or 60 characters: focus on or incorporate keywords that reference the classification of the research subject
  • Indicate a realistic time frame toward project completion,
    followed by the name(s) of your supervisor(s), the university department where you hope to do your research and, if applicable, information about other academics with whom you plan to collaborate.
  • Refer to successfully funded projects to determine whether your topic fits with the granting organization's mission and to mimic their title/proposal structure
Abstract/summary statement of the research project:
This one page summary focuses on the research topic, its new, current and relevant aspects. Strive for clarity; your greatest challenge might be narrowing the topic
Review of research literature
A short and precise overview about the current state of research that is immediately
connected with your research project.
  • Reference the most important contributions of other scientists.
  • Discuss the theoretical scope or the framework of ideas that will be used to back the research.
  • Demonstrate that you are fully conversant with the ideas you are dealing with and that you
    grasp their methodological implications.
  • Indicate the open problem which then will be the motive for your project. State clearly how your research will contribute to the existing research.
Your history/preparation
Summarize the most important impact of your own work on the topic (if applicable).
Attach copies of your own publications that might be seen in relation to your research project.
Objective of the research project
Give a concise and clear outline of the academic (possibly also non-academic, e.g. social and political) objectives that you want to achieve through your project. Your proposal
needs to show why the intended research is important and justifies the search effort. Here you outline the significance (theoretical or practical) or relevance
of the topic.
Such justification may either be of an empirical nature (you hope to add to, or extend
an existing body of knowledge) or of a theoretical nature (you hope to elucidate contentious
areas in a body of knowledge or to provide new conceptual insights into such
knowledge). All research is part of a larger scholarly enterprise and candidates should
be able to argue for the value and positioning of their work.
Outline the project
This is the central part of your research outline.
  • Detail your research procedure within the given time.
  • List sources and quality of evidence you will consult, the analytical technique you will employ, and the timetable you will follow.
    Depending on the topic, suitable research strategies should be defined to ensure
    that enough and adequate empirical data will be gathered for a successful research project.
  • Describe the intended methods of data gathering, the controls you will introduce, the statistical methods to be used, the type of literature or documentary analysis to be followed, etc.
Consider your work to be a Work-in-Progress and allow yourself a flexible planning:
Stay ready to revise the proposal according to new insights and newly aroused questions
and keep on modifying the working hypothesis according to new insights while
formulating the proposal and the working hypothesis. Once you have a useful
working hypothesis, concentrate on pursuing the project within the limits of the topic.
Timetable
Develop a time table (if possible in table form), indicating the sequence of research phases and the time that you will probably need for each phase. Take into account that at this stage, it can only be estimated, but make clear that you have an idea about the time span that will be needed for each step.
Selective research bibliographyList academic works mentioned in your research outline as well as other important works to which you will refer during your research
Attachments:
List other documents attached to your proposal.
References, CV, etc.
Editing:
Once you have finished the conceptual work on your proposal, go through a careful
editing stage
Writing/presentation style:
  1. Verify that the title, the abstract and the content of your proposal clearly correspond to each other!
  2. Maintain a clear structure,
    an intuitive navigational style throughout the document with headings and summaries, enabling the reader to quickly reference where they are for future commenting;
    (Have a reader skim your document to verify)
  3. Summarize significant issues and make no assumptions where possible.
  4. Keep a reasonable, clear, declarative writing style (active verbs!) throughout the document;
  5. Breakup the narrative with bulleted lists, visuals, etc. demonstrating a command of abstract concepts and relationships
    Use white space to highlight and emphasize important sections
  6. Make sure your proposal does not contain any grammatical/spelling mistakes or typos; engage a proofreader;
  7. Request an experienced academic to proofread your proposal in order to ensure the proposal conforms to institutional and international academic standards.

How to Raise Money for Your Business

                                     How to Raise Money for Your Business

Whether you've been in business one week or five years, an infusion of funds is always welcome. But what type of financing is best for your business? There are so many factors to consider--from the stage of your business to how much it'll cost to get the money--that just choosing a path to follow can be overwhelming.

To help you get your head around the different ways you can finance the growth of your business, we've compiled mini-guides that cover the basic information on 18 different financing sources. Read through our guides to learn the basics, and then start hunting!

18 Funding Sources

1. Startup Financing

Get your business off the ground with cash from several startup sources.

2. Equipment Leasing

Short on cash, but need new equipment to grow? Lease what you need.

3. Community Development Financial Institutions (CDFIs)

So you're not "bankable" according to traditional rules--your community may still have resources to help fund your business.

4. Microloans

When you need only a little cash to grow, it's time to check into microloans.

5. Asset-Based Loans

Use your assets--like accounts receivable and inventory--to help you land funding.

6. Bank-Term Loans

Go with old reliable and get a business loan from the bank.

7. SBA-Guaranteed Loans

The SBA's got your back. With an SBA-guaranteed loan, they'll guarantee as much as 80 percent of the principle.

8. Private Loan Guarantees

You're early stage, the bank is ignoring your pleas--what do you do? Find an investor to guarantee your loan.

9. 504 Loans

If you're buying a fixed-asset like land, buildings or long-term equipment, look into a 504 loan.

10. Royalty Financing

Got a product that will bring in the bucks? Use it to get a loan based on your future sales.

11. Federal Government Venture Capital

SBA-licensed one-stop funding shops SBICs and SSBICs are looking for businesses to fund. Could your business be next?

12. Angel Investors

These individual VC investors seem like they're from heaven, but be prepared to give up a chunk of your company for funding.

13. Business Incubators

Nest in one of these entrepreneurial hotbeds, and you may just be on your way to financing.

14. 401(k) Financing

Fund your new company with your retirement account from your previous job--but watch out for the tax man

15. Direct Public Offerings

Take your business--and your quest for funding--directly to the public by selling shares in your company.

16. Reverse Merger

Take your private company public the easy way by purchasing a dormant, public company.

17. Initial Public Offerings

Ready for a whirlwind ride? Take the ultimate funding trip by going public. This guide will help you prepare.

18. Institutional Venture Capital

VC funding isn't always easy to obtain and and you'll have to give up equity, but when you're a high-growth company with high-financing needs, it can be your best bet.

7 Simple Steps to Becoming an Entrepreneur

                               

                                  7 Simple Steps to Becoming an Entrepreneur

Anyone who is thinking about becoming an entrepreneur should give it some serious thought and preparation first. You can’t just start up a new business on your own and hope that your approach to entrepreneurship will prove successful. A smart person who wants to become a business owner in her own right instead of working for someone else should take time to determine whether entrepreneurship is a logical step in the right direction. Some people are not capable of working on their own and some make better employees than employers. Becoming an entrepreneur requires significant forethought and evaluation before quitting your day job and investing time and money that you could easily lose. Below are seven basic steps that can move someone toward becoming an entrepreneur with a successful business.

Be willing to take risks. Any startup business involves risks, the ultimate one, of course, being the possibility of failure. If you are uneasy about stepping out of your comfort zone, becoming an entrepreneur is probably not a good idea. For one thing, you could spend all your extra time (assuming you still hold a full-time job doing something else) trying to get your own business off the ground, only to have it fall flat. You are likely to hit a few glitches along the way, even if the business begins to take off. You might struggle to get enough customers or the right kind of customers. It’s not easy balancing the various facets of running your own business, from marketing, production, quality control, delivery, and accounting. You will have to develop a certain amount of expertise in all these areas or be able to hire others who know what to do.


But if you enjoy the excitement of uncertainty, and don’t mind dodging a few bullets, it’s possible that becoming an entrepreneur might hold a very satisfying and lucrative future for you.

Maintain a vision.
To start your own business, you need a driving force, a dream, a vision of achievement and success. You have to want it very, very much to get ahead of all the other visionaries out there with the same hopes and dreams. Entrepreneurship is more than a whim or flight of fancy. It is an enduring goal that guides you to make good choices toward its accomplishment. Your vision should be do-able. It should be measurable. It should be reliable in the sense that not only can it be accomplished, but it also will bear expected fruit and not turn into a disappointment or failure, at least as far as you can tell at the outset.

Establish a budget.
How much will becoming an entrepreneur cost? At this point you will need to draw up a budget to see how much self-employment will cost. Include estimated costs of an office to work from, equipment like a telephone and computer, supplies, postage, travel expenses, and other expenditures. Then it’s time to meet with your banker or a loan officer if you need to find investment capital or a startup loan. Be sure to look for the lowest interest rates and best loan terms. Finally, calculate what you can afford to put into the business, how much you will have to borrow, and when you might expect to earn enough profit to pay off debt and make a living.

Develop a business plan.
Once you have determined the shape of your dream and your willingness to take risks, write out a business plan that will put the dream into practical perspective. A typical business plan includes sections like these in any combination, and with more or fewer sections than outlined below:

-mission statement
-vision statement
-operating values
-history or inception of the business
-financials, including investment capital, income and expenses, and projected profits
-personnel (who will work with or for you, or your credentials for managing the business alone)
-worksite
-opportunities
-risks or threats
-five-year plan

You can download free business plan templates from the Internet and view models for other companies to give you an idea of how to prepare yours. A full or partial plan would be helpful when you visit the bank or loan institution to discuss borrowing money for the business.

Create a marketing plan. A marketing plan differs from a business plan (though the latter may include the former) in focusing on how you will alert potential customers to your available product or services. Advertising is one of the key duties of becoming an entrepreneur, so you will have to find the best ways of promoting the business to the general public in your area or online via the Internet when you build a website. Depending on what you are selling and the type of customers you want to attract, you may decide to use a combination of the following:
 
-radio or television
-newspapers or magazines
-billboards or outdoor signs
-website or email campaign / banner ads
-interviews, trade articles, speeches and presentations

There are other types of advertising and promotions you might want to try, too, but these give you an overview of some popular advertising options today.

Seek professional advice.
Unless you are extremely experienced and knowledgeable, it is likely in your best interests to find a mentor, someone who may be retired or at the peak of her career, to give you advice or guidance. Take her to lunch and pick her brain on becoming an entrepreneur. You may wish to tap the expertise of retired executives in your area of business, or contact a business owners’ association and ask about available resources. It’s a good idea to ask your customers’ opinions in a survey every year or so to get their suggestions for improving the way you do business to ensure they keep coming back and perhaps bring new customers with them.

Hang in for the long haul.
Becoming an entrepreneur doesn’t happen overnight. Success requires consistent effort, patience, and the willingness to ride out any storms that come your way. Small businesses sometimes have a tougher time of becoming successful because everything depends on one person—the entrepreneur, and a limited pool of energy and funds. The bad news is that there is just one person to manage the risks, bumps, and problems, which can be time-intensive and fray the nerves. The good news is that there is just one person to reap all the profit when it finally comes, unless you hire a person or two along the way. Don’t expect smooth sailing from startup to finish line. But if you can hang in there for two to three years, you have a good chance of going the distance.
 
It can be scary to go out on a limb and start your own business. If it folds, you could lose substantial savings and investments, not to mention time that could have been invested in working for a stable company and earning a guaranteed paycheck. But a person seldom finds as much freedom, opportunity, or personal income in another job as they might be able to enjoy in becoming an entrepreneur. If you are thinking of starting your own company, follow steps like those above to maximize your chance of success.

Is It Time for a New Job?
You love your coworkers but hate the huge workload. The commute is crazy but the pay is great. So what makes a job a keeper? If you've been contemplating switching jobs, you should be confident in your decision, not conflicted. But how do you know if it's best to send off that letter of resignation or stick it out? Take this quiz to find out if it's truly time for a new job.

Good Morning

                                                 Good Morning

Work Hard Now and Party hard later
Good Morning
Have a nice day

Wednesday, 17 April 2013

Good Morning

                                                             Good Morning

Try doing something challenging with your life and stop giving up
when stuff gets hard it just shows how strong you are in the end!
Good Morning
Have a Nice day

Good Morning quotes for colleagues, Good morning wishes for office and work

         Good Morning quotes for colleagues, Good morning wishes for office and work

Let go of all the desires that
hinders your progress
and move towards your purpose.
Good Morning
Have a nice day

A Beautiful Thought for the Day~Positive Energy



A Beautiful Thought for the Day~Positive Energy


HATE has 4 letters, but so does LOVE

ENEMIES has 7 letters, but so does FRIENDS…

LYING has 5 letters, but so does TRUTH…

HURT has 4 letters, but so does HEAL…

Transform every negative energy into an aura of positivity…

It’s ur perception that makes the difference in the way u feel

Have a great Day! & Don’t forget the positive energy with your loved ones and friends….

Positive Thinking – Inspirational Quotes, Motivational Thoughts and Pictures

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...Thoughts to Contemplate - Reflect - Discover - Explore - Inspire & Enrich Yourself...

Wish you a very Good Morning



Wish you a very Good Morning




There is always one thing to be thankful for every morning, to see the beauty of being alive under God’s grace…. Good Morning! Have a cheerful & bright day ahead!!!

Good Morning Friends !!!! Life Quote



Good Morning Friends !!!! Life Quote


Life Is About Ignoring The Drama, Laughing With Friends, Loving Your Family, And Being Happy With What You Have. ♥

Good morning positive thinking quote,thought




Good morning positive thinking quote,thought



One small positive thought in the morning can change your whole day .

Promise yourself that you’ll always remember that you’re braver than you believe ,
stronger than you seem, and smarter than you think .

7 Steps to Starting a Successful Small Business

7 Steps to Starting a Successful Small Business


Find a mentor. Who do you know who might be able to guide you along your new path? Take the time to meet with your mentor and enlist his or her invaluable help behind the scenes in learning the ropes.


Delve into your network of friends, family, and business colleagues. Tap into LinkedIn and Facebook contacts. If you’re interested in starting a small business, check out StartupNation.com, a site dedicated to small-business groups.


Broaden your mentor search. Get involved your local Rotary Club and contact the chamber of commerce near you. Another way to connect with a reliable person to guide you is through SCORE, a nonprofit association dedicated to educating entrepreneurs and to the formation, growth, and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA). Both working and retired executives and business owners donate time and expertise as business counselors. SCORE mentors will advise you for free, in person, or online. The Association of Small Business Development Centers, a joint effort of the Small Business Administration, universities, colleges, and local governments, provides no-cost consulting and low-cost training at about a thousand locations.


Prime your sales pitch. Evaluate your skill set and be confident. If cold calling isn’t your top move, focus on your best sales technique and hone it to market your new venture.


Be prepared for setbacks. Starting a new business in uncharted territory takes time. It might take off like gangbusters, but in time, you will hit the inevitable setbacks. This not only will require internal fortitude, but also will force you to ask others for help and guidance. This is when a solid mentor by your side comes in handy.


Seek and listen to advice from people who have been successful in the field. They can help you find leads when you’re ready to get your foot in the door, but more important, they can give you a real sense of what their work is like on a day-to-day basis. Use their advice to get a sense of what has worked for them in the past and what stumbling blocks to avoid, as well as a sense of what the work entails and what opportunities might be out there for someone with your background.


Tap into your personal network. You never know who can bring you clients or help you build your business. Reach out, for example, to potential contacts through alumni outlets such as publications, Web sites, or regional associations.

How to Manage a Business Successfully

How to Manage a Business Successfully


Growing a Business
I recently had an interesting conversation with a business owner on the topic of how to manage a business successfully. We concluded that all businesses are working towards further growth and that a primary management concern is growth strategy. So, to manage a business successfully, one must manage growth successfully. How is this accomplished, and what considerations should be made?

Neil Churchill has an amazing write-up titled “The Five Stages of Small Business Growth.” In it he discusses the characteristics of small business types and what to expect at each stage of development. He defines five stages of development: 1.Existence, 2.Survival, 3a. Success-Disengagement, 3b. Success-Growth, 4. Take-off, and 5. Resource Maturity.
As you can imagine, the concerns at each stage differ, and conflict can arise simply from people’s perspective of a company’s position. If a company is in stage 3a but a manager is under the impression that they are in stage 4, the decisions made could have negative ramifications. At the very least, having management on different pages will result in contention among management. So, the first thing that must be established is a defined company position. Secondly, the direction the company is headed must be agreed upon and communicated to all. Churchill’s framework is only one model, but it can be used as a starting point. If the industry you are in has a better model, use it.

An Example of Differing Management Directions

As my conversation with the business owner progressed, he explained to me how some of the management was inclined to seek slow growth strategies, while others wanted to be a bit more aggressive. As a TOC practitioner, I know there are assumptions pushing each view, and before I gave my thoughts I needed to thoroughly examine each perspective.
The company has been around for a while and is diversified into roughly 5 industry types. The positioning and market share in some of these industry types is more mature than in others. The trend has been that change does not arise until a good deal of “pain” is felt from not changing. In other words, until there is an instant return on investment, change won’t occur. For the mature segments of the company, this is not a problem, but for the younger branches striving for growth, this is quite the headache. Without an established presence in an industry, a younger business cannot afford to move at the pace of larger, pre-existing businesses. Can you see the dilemma?

Opportunity Cost vs. Over-Extension

Opportunity cost is the cost of an opportunity not taken. For example, say you had a dollar to invest and the choice of two investments: A or B. You invest in A, which returns 10%, while investment B returns 15%. The opportunity cost of A is the 5% gain that was not realized because B was not chosen. This dynamic shows up in managing growth in the area of resource utilization. A company can either step up their capacity before demand exceeds it or after the demand exceeds it.

Benefits of Stepping up Capacity Ahead of Demand

Knowing when to step up capacity allows a company to manage its resources appropriately so that its internal capacity is not exceeded by the demand of the market. The idea is that the opportunity cost associated with having less capacity than market demand is quite significant.

A retail example:

This season’s highly anticipated new Nike shoe is the best thing since sliced bread. It is all the rage and every shoe store needs to have some of these on their shelf. Mom & Pop Shoe Co. put in an early order for 100 pairs and eagerly await their arrival. These new shoes are so popular that if an early order wasn’t placed, there would be no chance of receiving them before the end of the season. The season comes and Mom & Pop sell out of the shoes in the first month. The season is 3 months long, which means that for 2 months Mom & Pop have to turn away potential customers looking for the new shoes. At first glance, one might consider it a victory to sell out of the stock so quickly, but the unrealized loss is the 2 months of sales that could have been if Mom & Pop had ordered more shoes. Demand has exceeded capacity, and the unrealized sales could be as much as 3 times the sales of the first month.

Benefits of Stepping up Capacity after Demand

On the other side of the coin, the amount of risk assumed by Mom & Pop Shoe Co. was less than what it would have been if they had decided to preorder more than 100 pairs of shoes. Had they known the demand was going to be so great, they could have extended themselves out a bit more, assumed a bit more risk, and ultimately reaped a greater reward. Over extending one’s self is a function of the available financial capital. A business with a good deal of reserves can extend themselves further than a company with fewer reserves. Most Mom & Pop shops don’t have much money behind them, so avoiding the risk often times takes precedence over greater potential gains.

Allowing the demand to “pull” on one’s resources may also be desirable for a company that is well-established and wants to maintain conservative growth. In other words, a large organization with the ability to extend themselves out a great deal may ultimately choose not to because the potential of larger gains at higher risk does not outweigh moderate gains at a lower risk.

Conclusion

So, given the above dilemma, which direction is best? The answer of course is a function of the organization.
Smaller businesses are advised to maintain as fast of a growth curve as possible without overtaxing their current resources and without assuming too much additional risk. This means working up to the point at which the business is around 70% of its total capacity. A small business doesn’t want to exceed this because they will begin to see a drop in their ability to deliver on time. One’s due date performance is critical and should never be compromised for the sake of quick profits. It is also prudent to maintain cash reserves so as to carry the company through the unavoidable market downturns.

Larger organizations with greater cash reserves and more resources have their choice on which course to take. As I mentioned earlier, they may choose to go with a slower curve because they don’t feel the additional risk is worth the potential reward. Or, it may be determined that a faster curve is ideal to pick up market share at a time when competitors may be hurting because of a downturn.

23 Rare Motivational Quotes That Will Knock Your Block Off!

23 Rare Motivational Quotes That Will Knock Your Block Off!

23 Rare Motivational Quotes to inspire the lazy, complainers, procrastinators and the ‘all talk, no walk’ people out there.

Everybody needs a little motivation sometimes so share these around and take ACTION! In your life right now, execute that plan you have been talking about all week. It’s never too late to make it happen!



Rare Motivational Quotes

‎”It’s always down to you and the choices you make. Work on the things you can change and never dwell on the things you can’t. You choose… ‘results’ or ‘excuses’ it’s always down to YOU… no one has ever given their BEST and regretted it. GO HARD NO EXCUSES.”

“No one said this would be easy, just know that nothing beats the feeling of accomplishment.”

‎”Turn those dreams into ACTION …action turns into results… sooner or later you will be living the dream.”

“There’s no substitute for consistency.”

‎”Once you learn to quit, it becomes a habit…. KEEP GOING!!”

“Hardwork can out-do genetics!!”

“Whatever doesn’t kill me… had better start running”

‎”Our fears don’t stop death,… they stop life.”

“Do it now. Sometimes ‘later’ becomes ‘never.’”

“Kick yourself in the ass, or someone else will.”

“The pain of discipline is far less than the pain of regret.”

‎”I’m not telling you it’s going to be easy… I’m telling you it’s going to be worth it.”

“Tears will get you sympathy, sweat will get you results.”

“Dear tomorrow, do whatever you wanna do .. I have already lived my today and I am not afraid of you anymore .”

“If we understood the power of our thoughts, we would guard them more closely. If we understood the power of our words, we would prefer silence to anything negative. In our thoughts and words we create our own weaknesses and strengths. Our limitations begin in our hearts where we can always replace negative with positive.”

“You can have results or excuses. Not both”

“You will never know your limits until you push yourself to them.”

“Pain is just weakness leaving your body.”

“I was not delivered into this world in defeat nor does failure flow through my veins. I am not a sheep waiting to be prodded by my shepherd. I am a lion and I refuse to talk, walk, to merge with the sheep. I will not hear those who weep and complain for their thoughts are contagios. Let them join the sheep. The slaughterhouse of failure…Is not my destiny.”

‎”Good things come to those who wait… greater things come to those who are willing to work for it”

“Set small goals for yourself and meet them. You are responsible to take care of yourself. You should be your priority!!”

‎”If we’re growing, we’re always going to be out of our comfort zone…deal with it!!”

“Failure does not mean defeat; to succeed you must fail first.

37 WAYS TO BEAT YOUR COMPETITORS


37 WAYS TO BEAT YOUR COMPETITORS

Your product

1. Better quality/longer-lasting
A great one to fight off the price wars, because it makes a higher price justified. Plus, your smallness means you can put in that extra bit of TLC that really makes a better-quality product shine.

2. Rarer
Sick of seeing the same mass-marketed products everywhere you go? So are we. Give the Ikea effect the cold shoulder by offering something your customers can't buy anywhere else.

3. Easier to use
Just keep it simple, a'ight? If a customer can figure out how to use your super-hydro-manu-sizer-gizmo in two seconds rather than two hours, you've got the edge.

4. Safer to use
This is a particularly strong one if your customers are likely to have kids - or if they are kids. It might take a bit of user testing, and it's worth getting an accreditation, but believe us, it'll work. No one wants to end up decapitated by the less-safe tin opener on the supermarket shelves to save a few pennies.

5. More efficient
Does your product get more done than its rivals? Is it quicker? Easier to set up and dissemble? Bonanza. Speed, these days, is ever more of the essence - and it's an incredibly powerful sales tool.

6. More compact
Never underestimate the magic of the Maglite effect. The maker of this mini-torch made their millions simply by shrinking the humble torch. Make it pocket-size, easier to carry and transport, or just all cute and diddy, and you're onto a winner.

7. Waterproof
Apply some common sense here: this will obviously depend on what your product's used for.

8. More retro
Remember when Wispa made that massive comeback? It played on the retro effect. Old is the new, er, new. If your target customers are under 30, over 50, or trendy, they'll appreciate the novelty of retro.

9. More modern
Of course, that leaves the 31 - 49-year-old bracket wide open. Either them, or anyone remotely interested in technology, cutting-edge design, or the like.

10. Design that is more beautiful/quirky/fun/edgy/stylish/simple/patterned/non-patterned/etc
We'll give our backslash key a break - you get the idea. Something as seemingly superficial as appearance can dramatically alter a customer's perception of its worth. Check out the price list at Bang & Olufsen to see what we mean.

11. More beautiful/quirky/etc packaging
Ah packaging, the marketing executive's closest ally. The power of packaging allows you to dress up any product to the price point you want. Benefit cosmetics are a textbook example of the way it can set the tone for your entire brand.

12. Designed by someone cool or endorsed by a celebrity
Not easy to secure, but very powerful. Think celebrity perfumes - they might smell like molten plastic, but they sell like hotcakes.

13. Quieter
Applies to any product that makes noise when used, with the exception of speakers (especially subwoofers). Noise is annoying. Eradicate for customer zen - which equals repeat custom.

14. Fresher/tastier/healthier/more organic
If you sell food or drink, you can do what the supermarkets can't. You can make things on-the-spot, preservative-free, and downright delicious. Do it.

15. Greener/more ethical
Whether it's recycled, recyclable, or in some small way helps the plight of Tibetan goat farmers, it taps into the biggest consumer trend to hit the middle class since Boden.

16. Sourced in Britain/locally sourced/home-made
This holds ever-greater sway, not just because it cuts emissions, but also because people increasingly want to know where their stuff has come from.

17. Approved by a respected organisation
This holds similar kudos to celebrity endorsement, albeit probably with a different crowd. Jump through the hoops of a trade or standards organisation and then stick their approval seal on every bit of marketing material you've got.

18. Not tested on animals
This holds sway with plenty of non-veggies, so it's well worth shouting about.

19. More daring
Sex still sells. And as a small business, you can take far more risks than a large company confined by 50-year-old policies. Risqué appeals to a far-wider net of consumer than you might ever have imagined.

Your service

20. Better customer service
This is such an easy one - and it's free. Smile, be polite, build relationships with your customers and respond to complaints quickly and calmly. It's that simple. But it's something big companies find impossible to do well.

21. More favourable opening hours
Whether you go 24/7 or just open Saturdays when your rivals are shut, making a customer's life more convenient and shaping your business around their lifestyle is guaranteed to bring them through the doors.

22. Faster delivery
Hire a crew of Hell's Angels if need be, because this one can make or break a buying decision for time-poor customers.

23. Offer online ordering where competitors don't
As we said, convenience is a number one priority for an ever-growing number of consumers these days. So let them buy your products while they're browsing the web at work - and get sales coming in 24/7 too.

24. Your website is more efficient/reliable/quicker/simpler
We can't say it enough: websites are key these days. Get a good one, and you look professional and encourage people to get on there all the time. Read more here on how to get it spot-on.

25. Offer freebies that competitors don't
This can be something as simple - but as utterly charming - as offering customers a cup of tea. It really does make all the difference. Check out Supermarket Sarah, who does just that to entice weary Saturday shoppers in to her tiny premises.

26. Being UK-wide or international
A broader reach will win you more customers and give you an edge over those who only deliver down the road. It takes a lot of organisation and careful management, but can work wonders.

27. The gender or age of employees
See what we mean by checking out Smarta 100 winner Home Jane, whose women-only handyman (or handywoman!) force get the contracts from women's refuges and hostels that other companies couldn't. And watch our video interview with Livity founder Sam Conniff to find out how to leverage age.

28. Employees' expertise or demeanour
The best salespeople are those who know their subject matter inside-out. As a small business, you can nail this one, because you're most likely to employ people with a good dose of passion for what you're doing. Use it: train staff to know your product and be happy to explain it in-depth and make recommendations. Think of the service you get in independent wine shop for inspiration.

29. Employees wear uniform
A small thing, but a powerful one. It makes your business look more professional and trustworthy, which can go a very long way.

Your business

30. No frills deals
Some people like it straight-up. Take a leaf out of Ryanair's book, or just strip down your premises and packaging to their bare minimum to appeal to time-poor, fuss-free individuals.

31. Loads of frills deals
Of course, for every minimalist there is a, um, maximist. Chuck in lots of complimentary bits and bobs, pamper your customers, and make packaging nice and froufrou.

32. Wider range of products
Variety is the spice of life - but that doesn't mean your shelves need to rival Tesco's. Go niche, then go broad within your specialism. If you have more trowels than B&Q, the gardeners will come to you.

33. Better payment options
This is a difficult one if you're an early-stage business because cashflow is so key to your survival, but if you're longer-established and have enough in the bank to allow a 100-day payment period, you have a big edge over more stringent companies.

34. Better located
That can mean nearer public transport, or with parking facilities, right through to having a beautiful view. Or simply being the first of your kind in an area. Location, location, location applies just as much to commercial premises as private property.

35. More pleasant premises
Whether you go for a super-sweet old-fashioned tea-shop vibe, a vibrant wall mural, or ultra-chic interior design, surroundings doth maketh the experience. Make your premises memorable and beautiful, and customers will want to come back.

36. Having an outdoors
Sell food and drink? Have a garden or a pavement? Great - you've just doubled your covers for every single month of summer. And winter too, if you get a gas heater and a couple of pretty lamps.

37. Being charitable
Put in an hour or two a week at your local old people's home, donate 5% of your profits to charity, sponsor the local kids' football team - anything along these lines, modestly publicised, will win customers' hearts.

TEN WORDS THAT DRIVE MARKETING SUCCESS

TEN WORDS THAT DRIVE MARKETING SUCCESS

1. Knowledge
2. Value
3. Perception
4. Communication
5. Frequency
6. Consistency
7. Service
8. Persistence
9. Relationships
10.Organized



Knowledge is the foundation of marketing. Knowledge of the customer. Knowledge of the market. Knowledge of competition. Knowledge of your product or service. Learn more. Research more. Study more. Acquire more. Talk to smart people. Hire smart people. Become a smart marketer.

Value happens when someone gets more than what they gave. Creating value at the customer level is where marketing finds success, certainly in the long run. Many would say in the short term as well. The products and services you provide simply must have a very positive impact (in some way) on the customers you plan to sell to. You don’t out compete competition, you create more value than they do. Produce great value for customers (in their minds) and give them a real reason to choose your company.

Perception means that not everyone sees the world exactly the way you do. In fact, as it relates to your own business, few – if any – will. Your perception of your business is distorted. What is key is how the customer (really) perceives your company. Not what they tell you, not what you think they think, but what they really believe. Great marketing understands that customer perception is the reality the company must work with / and improve.

Communication is the process of sharing ideas. You have ideas about your business and the solutions you bring to the marketplace. If everyone already knew these things, they would all be buying from you. So, you have an educational challenge, don’t you?! It’s about education, it’s about advertising, it’s about messaging, it’s about technology, it’s about genuine caring. A critical part of winning is helping customers “get it” about your business and why they should do business with you.

Frequency happens when you repeat your message. To win at marketing, you can’t just say it once in one way. Searching for the “holy grail” communication strategy rarely works. Great companies repeat their messages in many different ways. It takes more to get through to a market than you would think it would. Advertisers do a campaign. Salespeople follow up. Internet marketers use auto responders. Put yourself regularly in front of the customer. If customers are not regularly saying to you “gosh, I see you guys everywhere” then you aren’t doing your job. People forget; remind them.

Consistency means a regular effort with similar outcomes. It is building and sustaining momentum. If you have a restaurant, it’s not good enough to have a great night, if you follow it up with a dud. To build forward movement, it must be great all the time. The drag about business is that people will always remember the one time you mess up, but will forget the ten times you did it well. That’s human nature. So you must have (almost insanely) high standards. Consistency pays in the communications approach, as it helps lead to the frequency we talked about in the last paragraph.





Service means making customers happy. It means having an attitude that demands a great outcome for customers. It means getting into the details and delivering on the promises you make. When you serve customers really well, it leads to an upward spiral of business. Customers return time and time again and they bring their friends. Bad service leads to the same momentum, but in the opposite direction. A commitment to service also inspires your team, which further fuels the positive progressions. You win when you genuinely serve.

Persistence means sticking with it, even when it is not easy. It never is simple to win in business. Being great means having the dedication to battle through temporary setbacks and disappointments. Part of marketing success is staying in the game and learning over the course of time. Marketing will test you – not just your business knowledge, but you at your core. Good marketing has – and its people have – amazing “stick-to-itiveness.”

Relationships require making genuine connections with other people and organizations. Great companies build huge, loyal customer bases by entering into genuine, mutually beneficial relationships. Dumb companies try to manipulate those relationships, which might work temporarily, but not over the long haul. Build a foundation and be a company that people want to work with for years to come. In addition to customers, relationships serve marketers in other ways as well …. Relationships with distribution partners, media, vendors, sales reps, employees, and others. Often marketing requires a multifaceted effort with lots of people involved. The better the relationships with your entire team, the better the relationships will tend to be in with customers.

Organized is necessary to pull it all together. I thought about “planning”, but really planning is there to simply organize the effort. There are a lot of moving parts. And slight improvements in performance often lead to significant results. In some instances, simply the sheer volume of things you do to win in the market drives success. Regardless, it is isn’t easy and there are a thousand opportunities to win or lose. Getting organized around it often separates the winners and the losers.

Thursday, 31 January 2013

GREATNESS QUOTES

"Great men are true men, the men in whom nature has succeeded. They are not extraordinary - they are in the true order. It is the other species of men who are not what they ought to be."
Henri Frederic Amiel

"Be not afraid of greatness; some are born great, some achieve greatness, and others have greatness thrust upon them." William Shakespeare

"No great man lives in vain. The history of the world is but the biography of great men."
Thomas Carlyle



"Man is only truly great when he acts from his passions." Benjamin Disreali

"In our society those who are in reality superior in intelligence can be accepted by their fellows only if they pretend they are not." Marya Mannes
"Great men are true men, the men in whom nature has succeeded. They are not extraordinary - they are in the true order. It is the other species of men who are not what they ought to be."
Henri Frederic Amiel

"Be not afraid of greatness; some are born great, some achieve greatness, and others have greatness thrust upon them." William Shakespeare

"No great man lives in vain. The history of the world is but the biography of great men."
Thomas Carlyle



"Man is only truly great when he acts from his passions." Benjamin Disreali

"In our society those who are in reality superior in intelligence can be accepted by their fellows only if they pretend they are not." Marya Mannes
"Great men are like eagles, and build their nest on some lofty solitude." Arthur Schopenhauer

"Well, I wouldn't say that I was in the great class, but I had a great time while I was trying to be great." Harry S. Truman

"The price of greatness is responsibility." Winston Churchill

"I can't believe that God put us on this earth to be ordinary." Lou Holtz

"The ultimate is not to win, but to reach within the depths of your capabilities and to compete against yourself." Billy Mills

"It is the privilege of posterity to set matters right between those antagonists who, by their rivalry for greatness, divided a whole age." Joseph Addison

"Don?t wait until you?re a man to be great. Be a ?great? boy." Anonymous

"Show me a man who cannot bother to do little things and I'll show you a man who cannot be trusted to do big things." Lawrence D. Bell

"Greatness after all, ion spite of its name, appears to be not so much a certain size as a certain quality in human lives. It may be present in lives whose range is very small." Phillips Brooks

"Put all your eggs in one basket and watch that basket." Andrew Carnegie



POSITIVE AND NEGATIVE THINKING

The Snowball Effect

Oh my God, It’s four Pm!!
I should arrive there within a maximum of 10 minutes
But what if I didn’t arrive on time!
I may miss a part of the exam, that’s really terrible I can’t afford to lose anymore marks
And if I didn’t do well in this exam my mood will get a blow
And if got a bad grade in one more subject I could fail this year!!
And if I didn’t graduate earlier I may not find a job!! After all there seems to be a recession on doors.

HEY HEY STOP!!!!! You are only late for 10 minutes and now you are thinking about failing and a recession !! Don’t laugh at this story because we all do exactly the same thing without noticing. It all starts by a small seed, the unwanted event, then negative thinking turns the small seed to a big tree and sometimes a forest!!
Why do you think your mood suddenly swings without an apparent reason? It’s the snowball effect! A tiny event may have happened but your self talk kept expanding it until it became a catastrophe.
Although the above example may be a little exaggerated still if you just watched your self talk you will discover that you can even create larger snow balls out of nothing!!
What’s really funny is that, in most cases, the event that happened will have no bad impact on your life at all and even if it did it would be a minimal impact compared to your imagined huge snowball.

What Negative Thinking Can Do

Lots of people ask me whether negative thinking is the cause for lack of self confidence or not.
In fact, negative thinking is not the cause for lack of self confidence but negative thinking is the direct factor that interacts with your beliefs and that's responsible for changing your beliefs about yourself.
For example, if negative thinking was used to reinforce a false belief about your looks then most probably the result will be lack of self confidence after some time.
In other words, negative thinking is the tool used by your mind to shape your beliefs, to swing your mood and to even depress you. Your emotions does not change except after a few phrases of self talk are played in your mind. So any unwanted emotional change that happens to you is caused by negative thinking or by your negative self talk.

How to Overcome Negative Thinking

Life is full of annoying events and if each event left you with a negative snow ball then you will stay down forever. If you want to avoid this problem then you should follow some of these practices in order to minimize your negative thinking:
  • Don’t create snow balls: Sometimes we cant hold ourselves from having negative thoughts. If that’s the case then don’t grow these negative thoughts bigger and just focus on how to deal with the new situation
  • Accept the Change: When an unexpected event happens we usually go through some stages before we return back to our previous mental state. The last one of these stages is acceptance and the one just before it is bargaining. In bargaining the person usually keeps thinking of the reasons that caused the bad event and of the bad consequences that will follow. Usually this is the stage where negative thinking is at its peak. If you want to move away faster from this stage then you must learn how to accept the new events. Acceptance may sound like an intuitive advice but its not, if you want to be able to accept new and unexpected events then you should know about the psychology of acceptance. This article will explain to you everything about acceptance and it will tell you how to practice acceptance.
  • Have Faith: In the middle of the darkness there is usually no room for positive thinking. After all, why have a positive attitude while there is no possible way out? And here comes faith into play. Faith is the only thing that can withstand the worst unexpected life events while keeping you optimistic. I don’t like the idea of believing in God just because we need a God and that’s why I am not asking you to do so but i am only asking you to seek your answers. If you don’t believe in God then search for him in order to know whether you are on the right track or whether you should believe in him. I suggest this article as a starting point to searching for God.

Can Positive thinking cure depression?

I know you expect a yes but the answer is no. Positive thinking can help you feel better and can prevent your bad moods from worsening however depression usually stems from unsolved problems that the person ignores or keeps behind his back.
In my book, The ultimate guide to getting over depression i explained how positive thinking cannot cure depression unless the person stops ignoring his problems. Depression is just a message that is sent to you by your mind asking you to take action. If you took the right actions the message will no longer be needed and your depression will disappear. Positive thinking might help in easing the bad feelings but its never a solution to depression.

DATA PROCESSING STEPS

Data processing in simplest way, we can draw like this; DATA --> Processing on Data --> Converted to Information.
As we have seen above, data processing means a process of converting data into information. This processing is done through computers which accept raw data as input and provide information as output.
Data processing is very much helpful to most of the financial institutions, universities, publishing companies, different hospitals, oil and transportation organizations and pharmaceutical organizations. There are various kinds of data processing services are available in the market. Check processing, image processing, form processing, survey processing are some of them.
Data Processing Steps:
Collecting - First step is to collect the raw data which you want to process. From which data do you want information? This is first question before you start.
Sorting - Relevance of data is very important while processing the data. There are various irrelevant data which decrease the perfection of the information. So from the bunch of collected data, sorting is needed to get relevant output information. Data must be in proper categorization.
Bucketing - It is similar to 'netting' or 'coding'. This step involves aligning the random data in particular structure. When data collected and sorted, it was not aligned properly. Random data can create problem while processing the data. Bucketing helps you to have the process smoothly.
Entering Data - If system is not having any data, what it process!! To process data, there must be data for the software. Entering organized data in to the software is required to get processed information at the end of whole process.
Cleansing - This step increase the quality of the processed data. In this step, quality controller validates the data. Data is double-checked to secure the faultless data processing. This cleansing helps you to process the data very efficiently and quickly.
Proper Formatting - Last but most important step to end the process very effectively is proper formatting. Without proper formatting, there is no meaning of data processing. Proper formatting is very much helpful to understand the data very easily and conclude the decision quickly.
Most of the well-known companies are following above mention steps to satisfy the clients' needs

Thursday, 20 December 2012

SEVEN TIPS TO BEING WEATHLY

Seven Tips to Being


Wealthy Building wealth doesn't require an individual to have extraordinarily high income, but diligence, patience and realistic financial goals. Creating an executable financial plan is critical to building wealth. Most people become wealthy over time by following steps within their financial strategy. There is no magic formula for accumulating wealth, but certain tips can put you on the right path.


Live Within Your Budget

Creating a budget helps you gain control of your finances. You don't have to guess where your money is going every month because it is outlined in your budget. To gain wealth, you must live within your means. Your budget should include your income, necessary expenses, discretionary expenses and retirement and savings contributions.


Invest Your Money Wisely

Building wealth is about making your money grow. One way to do this is by investing your money in profitable assets. A retirement account allows you to invest your money while deferring taxes. You can choose underlying assets for your retirement account that fit your risk tolerance, such as stocks, bonds, mutual funds and exchange-traded funds. Outside of your retirement account, you can invest your money in the financial markets. Wise investing stems from performing adequate research of investment option


Save Money Regularly

Another tip to becoming wealthy is to save your money on a regular basis. An easy way to implement this step is by signing up for an automatic savings plan with your bank. The way it works is that your bank takes out a pre-determined amount of money from your checking account on the same day every month. This makes it easier to save because the process is automated.


Increase Your Income
n some instances, you will have to increase your income to build wealth. If your necessary expenses do not allow you to save and invest money, you must earn more money to do so. However, it is important not to spend your extra income on unnecessary items. The main purpose of earning more money is for building wealth.

Decrease Your Expenses

If possible, eliminating unnecessary expenses will make it easier for you to accumulate wealth. Review your budget to see if there are discretionary expenses that you can reduce or eliminate. Although cutting certain expenses is not enjoyable, you are delaying your immediate gratification to enjoy success in your future.

Stick to Your Plan

Having a financial plan is great, but it is only effective if you implement it and stick to it. You may experience some financial setbacks on the road to building wealth, but try to avoid taking money out of your long-term investments to get through those days. Saving your money on a regular basis will help you continue to pay your bills if you experience financial hardships.

Start Building Wealth Early


The earlier you start implementing your wealth-building plan, the greater your chances are of reaching your goals. One reason for this is that your investment portfolio has more time to recover from down markets. Another reason is that you will make more monthly contributions in a lifetime than an older person and you have more time to benefit from compound interest.

YOU MANAGE MONEY TO BUILD WEALTH
BY
DISU RIDWAN AYODEJI
Seven Tips to Being


Wealthy Building wealth doesn't require an individual to have extraordinarily high income, but diligence, patience and realistic financial goals. Creating an executable financial plan is critical to building wealth. Most people become wealthy over time by following steps within their financial strategy. There is no magic formula for accumulating wealth, but certain tips can put you on the right path.


Live Within Your Budget

Creating a budget helps you gain control of your finances. You don't have to guess where your money is going every month because it is outlined in your budget. To gain wealth, you must live within your means. Your budget should include your income, necessary expenses, discretionary expenses and retirement and savings contributions.


Invest Your Money Wisely

Building wealth is about making your money grow. One way to do this is by investing your money in profitable assets. A retirement account allows you to invest your money while deferring taxes. You can choose underlying assets for your retirement account that fit your risk tolerance, such as stocks, bonds, mutual funds and exchange-traded funds. Outside of your retirement account, you can invest your money in the financial markets. Wise investing stems from performing adequate research of investment option


Save Money Regularly

Another tip to becoming wealthy is to save your money on a regular basis. An easy way to implement this step is by signing up for an automatic savings plan with your bank. The way it works is that your bank takes out a pre-determined amount of money from your checking account on the same day every month. This makes it easier to save because the process is automated.


Increase Your Income
n some instances, you will have to increase your income to build wealth. If your necessary expenses do not allow you to save and invest money, you must earn more money to do so. However, it is important not to spend your extra income on unnecessary items. The main purpose of earning more money is for building wealth.

Decrease Your Expenses

If possible, eliminating unnecessary expenses will make it easier for you to accumulate wealth. Review your budget to see if there are discretionary expenses that you can reduce or eliminate. Although cutting certain expenses is not enjoyable, you are delaying your immediate gratification to enjoy success in your future.

Stick to Your Plan

Having a financial plan is great, but it is only effective if you implement it and stick to it. You may experience some financial setbacks on the road to building wealth, but try to avoid taking money out of your long-term investments to get through those days. Saving your money on a regular basis will help you continue to pay your bills if you experience financial hardships.

Start Building Wealth Early


The earlier you start implementing your wealth-building plan, the greater your chances are of reaching your goals. One reason for this is that your investment portfolio has more time to recover from down markets. Another reason is that you will make more monthly contributions in a lifetime than an older person and you have more time to benefit from compound interest.

YOU MANAGE MONEY TO BUILD WEALTH
BY
DISU RIDWAN AYODEJI
Seven Tips to Being


Wealthy Building wealth doesn't require an individual to have extraordinarily high income, but diligence, patience and realistic financial goals. Creating an executable financial plan is critical to building wealth. Most people become wealthy over time by following steps within their financial strategy. There is no magic formula for accumulating wealth, but certain tips can put you on the right path.


Live Within Your Budget

Creating a budget helps you gain control of your finances. You don't have to guess where your money is going every month because it is outlined in your budget. To gain wealth, you must live within your means. Your budget should include your income, necessary expenses, discretionary expenses and retirement and savings contributions.


Invest Your Money Wisely

Building wealth is about making your money grow. One way to do this is by investing your money in profitable assets. A retirement account allows you to invest your money while deferring taxes. You can choose underlying assets for your retirement account that fit your risk tolerance, such as stocks, bonds, mutual funds and exchange-traded funds. Outside of your retirement account, you can invest your money in the financial markets. Wise investing stems from performing adequate research of investment option


Save Money Regularly

Another tip to becoming wealthy is to save your money on a regular basis. An easy way to implement this step is by signing up for an automatic savings plan with your bank. The way it works is that your bank takes out a pre-determined amount of money from your checking account on the same day every month. This makes it easier to save because the process is automated.


Increase Your Income
n some instances, you will have to increase your income to build wealth. If your necessary expenses do not allow you to save and invest money, you must earn more money to do so. However, it is important not to spend your extra income on unnecessary items. The main purpose of earning more money is for building wealth.

Decrease Your Expenses

If possible, eliminating unnecessary expenses will make it easier for you to accumulate wealth. Review your budget to see if there are discretionary expenses that you can reduce or eliminate. Although cutting certain expenses is not enjoyable, you are delaying your immediate gratification to enjoy success in your future.

Stick to Your Plan

Having a financial plan is great, but it is only effective if you implement it and stick to it. You may experience some financial setbacks on the road to building wealth, but try to avoid taking money out of your long-term investments to get through those days. Saving your money on a regular basis will help you continue to pay your bills if you experience financial hardships.

Start Building Wealth Early


The earlier you start implementing your wealth-building plan, the greater your chances are of reaching your goals. One reason for this is that your investment portfolio has more time to recover from down markets. Another reason is that you will make more monthly contributions in a lifetime than an older person and you have more time to benefit from compound interest.

YOU MANAGE MONEY TO BUILD WEALTH
BY
DISU RIDWAN AYODEJI
STRENGTH QUOTES

Tom Chappel

"Never bend your head. Always hold it high. Look the world right in the eye." - Helen Keller

Seneca "Fire is the test of gold; adversity, of strong men." 

Mahatma Gandhi "Strength does not come from physical capacity. It comes from an indomitable will." 

Thomas Paine "I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. 'Tis the business of little minds to shrink, but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death."

Ralph Waldo Emerson "We acquire the strength we have overcome."

Theodore Roosevelt "Don't hit at all if it is honorably possible to avoid hitting, but never hit soft."

John Beecher "Strength is a matter of a made up mind."

Calvin Coolidge "Don't expect to build up the weak by pulling down the strong."

Ralph Sockman "Nothing is so strong as gentleness, and nothing is so gentle as true strength."

German Proverb "What the lion cannot manage to do the fox can."

Phillips Brooks "Do not pray for easy lives. Pray to be stronger men! Do no pray for tasks equal to your powers. Pray for power equal to your tasks."

Richard E. Byrd "Few men during their lifetime come anywhere near exhausting the resources dwelling within them. There are deep wells of strength that are never used."

Henry Ward Beecher "Greatness lies not in being strong, but in the right use of strength."

The Talmud "The burden is equal to the horse's strength."

Chow Ching "It is truly said: It does not take much strength to do things, but it requires great strength to decide what to do."

"NEVER GIVE UP YOUR DREAM"
BY
DISU RIDWAN AYODEJI