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Sep 24, 2017 As we all know, for any new business, an entrepreneurial pitch is perhaps the most critical component that would determine whether the business would soar or fall to the dumps. Want to know how to make the pitch work? Here are a few tips: Do your homework. Know well about your investors. Know their investment history, their interest areas. Practice your pitch in front of real people. Make sure you know the questions that are coming your way. Open your pitch with a story, about a real customer, or an instance. Investors can get the numbers themselves. What they want is the emotion behind the pitch. So, grab that chance and turn your pitch into a story. Strip your pitch down to the basic minimal. Don't garble it down with too many numbers or technical terms. In this regard, timing is critical. So don't take up too much of the time of the investors and don't fumble around with the time. Be crystal clear in your division of timing while pitching. If you say the pitch will take five minutes, then it should take five minutes. End. Establish the need. Why would the investors invest in your idea? Show them your model; show them where financing is needed. Show them the numbers as they are, and do not hypothesize. Don't show them absurd, fictional, probable figures. Talk about yourself. Investors want to invest in the person more and an idea less. If you can present yourself as a business-driven, revenue-savvy person, then even if the investors are not down with this particular idea, they would be impressed enough to hear out the next idea you have Explain in exact terms what your product is. Explain what is so unique about your product. Bring out your product if you can. Have the investors try out the product. Chances are, if they are impressed with your product then, they would put money behind it. Explain your revenue model. Investors want to know how exactly you are going to use their money. So, don't just tell them you need ten crores. Show them how you plan to break-up the ten crores. Tell the investors about the sales your company has done. If you can show the investors that your company had a substantial growth under you, they would be down with the idea. They want to invest in something that is potentially revenue-generating. Address competition head on. Investors want to see that you are aware of the competition that exists against your product, and they want to hear what you are going to do about it. Ensure that your company is clear on the due diligence front. Investors always do their due diligence before investing. Make sure that they do not dig up something murky. Always have an exit plan. The investors would want to know what you would do if the business does not thrive as promised, or you get bored. Merger? Licensing? Have an answer ready.

Sep 23,2017 Life is all about dreams. Pursuing our dreams is a great task. Dreamers always achieve great things and they reach great heights in their life. How do they do it? That's the question. Here is how they do it.... Positivity! Dreamers always have a positive outlook towards life. Their perception about life is always optimistic. Positivity makes them to achieve great feat and also make them look tall in all aspects. People with positive outlook will have enormous patience. They are undeterred and hardworking. Dreams make them ticking. Here is a small anecdote about the world's eminent comedian of Hollywood. From a humble beginning he reached great heights. He became one of the most popular comedians of Hollywood. He had an ailing mother and he lost his father at a young age. Despite all these obstacles he achieved his objective of becoming a popular actor. All these he could achieve because dreams kept him ticking. Even before he became a popular actor he always kept a cheque in his pocket wherein he has written 1 million dollar. This he did because, he thought one day he will charge a million dollar for a movie. He achieved this in his life. He dreamt,"BIG" and he achieved it. Whenever he faced hardships he use to look at the cheque and dreamt of earning that humongous cash. Years later the lad was popularly called as Bruce the almighty! Jim Carrey dreamt that he would become a successful person someday. He believed in his dreams, thus a dreamer became a star. "A dream does not become reality through magic; It takes sweat, determination and hard work"- Colin Powel. Optimism, determination and patience are the key qualities of a successful dreamer. While normal people just dream, a dreamer chases his dreams. Their dreams do not occur during the REM cycle whereas their dreams materialize and they achieve it through hard work. Dreamers always throw away the past and they learn from their mistakes. They do not whine. They rise like a Phoenix! They know that memories take them backward whereas dreams push them forward. It will be a mistake on the author's part if one does not mention about our former President Dr.A.P.J.Abdul Kalam while talking about dreams. Kalam not only chased his dreams but he inspired many to chase theirs! He is a standing example that Dreamers spread positive vibes. Dreamers recreate this world. Wright brothers dreamt of flying and they invented aeroplanes. Dreamers do not have vague desires they are passionate about their dreams. Dreamers do not daydream instead they burn the midnight oil to work for their dream. Dreams should not be just dreams they must become one's blood and soul. Only then a person can reach dizzy heights. Dreamer's dreams are burning desires. They toil for their dream day in and day out. "Genius is 99% perspiration and 1% inspiration"- Anonymous

Sep 22, 2017 I'm sure you've been on the receiving end of a few cringe-worthy emails that violate your email etiquette terms. Perhaps you've even uttered a few choice words about the sender. Here are 6 email habits to improve productivity. Length of the email – The email written should always contain appropriate number of words. Give the information that needs to be conveyed and that’s it. Recipients usually skip reading complete text when they see it’s too lengthy. Thus, sometimes they often miss the facts that are necessary for work. Also if a question is being asked in the message, never reply to it in just one word. It leaves a rude impression of yours on the receiver’s end. Answer the questions asked in polite, meaningful sentence. Subject line – Subject line is to convey the purpose of the email. It is suggested to keep the subject line compact and finish it off in not more than seven to eight words. Writing a long subject line makes no sense as you can add the details in the content of the email. On the other hand, never leave the subject line empty. Professionals have priorities and value their time. So, it often annoy them when they find the subject line empty and had to open and read whole of the message to know its purpose. Urgent messages that aren’t urgent – Never send messages with urgent tags that are not really urgent. People value their time a lot more than you think and usually have a schedule for work. Indulging them to prioritize your work before theirs is not a good idea. May be twice you’ll be lucky enough to get your work done at the first place, but once they find out the real urgency of email you might even get no reply from receiver’s end even after the deadline. Thus, it is suggested to give recipient’s their own time to handle your email as it will result in everyone’s work done on time. CC’ing without permission– Always take the approval from the people to disclose the information with others or not. Sharing information that's not yours to share is annoying. Whether you're cc'ing a client on an email where your boss said something about them or including a co-worker on an email chain where another co-worker shares personal information, not everyone likes to have someone else decide to cc someone without taking their permission. Email address – Naming your email address with anything like cutest, sexy, nonsensical or vulgar will set a negative tone from the get-go, at workplace. Receiver’s may end up making a different opinion of yours on seeing email addresses like ‘cutestmichael@xyz.com’ etc. keep your email ids as simple as possible for professional purposes. Timing of the email – Sometimes, people get up in the middle of night and feel extremely productive. But, it is highly recommended to avoid mailing someone at 3am or so. Instead, create the email and save it in drafts for sending it later, on appropriate time.

Sep 21, 2017 For many entrepreneurs, taking their business global can undoubtedly prove the most significant decision of their firm's existence, and possibly the toughest one to execute. But with the procedure being so invaluable to achieving wider prominence, it's perhaps worthwhile to take a few key considerations into account. Before almost any step can be taken toward taking one's product to the world, extensive amounts of time and effort must be dedicated toward determining the specific markets the entrepreneur seeks to debut their product in boast of cultures and traditions even supportive of their sales, let alone having the potential to achieve profits. A thorough and honest analysis of the nations that can present themselves as potential markets is a procedure that should be conducted even before the decision to go global is taken, and the results stemming in the form of concrete numbers and statistics are the only factors that should motivate an ambitious entrepreneur to do the same. Initially, it's essential that one determines whether they intend to sell their product through traditional means, on the ground and in direct unabashed competition with local leaders of the industry, or through the internet. Although products sold on e-commerce are often shipped internationally from varying countries by a multitude of suppliers, establishing a solid presence through warehouses of such websites and making products available for customer service and the like without actually selling at traditional marketplaces is an increasingly viable alternative, and taking into account whether their business is suited to an extreme approach toward either of these methods, or a more balanced one factoring in both is a necessity right off the bat of going international. Further factors to consider along similar lines are the securing of supply chains and the like, for procuring the services of a trusted supplier is a must for selling one's product in a foreign land. Conducting business with such a figure can often guarantee stable costs and unchanging agreements, while coming into contact with such figures can effectively be done at business expositions and shows, a task which lies entirely with the entrepreneur at helm him or herself. Talking to a person also well versed with the market swings of a particular economy and how they affect the sector the entrepreneur is seeking to step into can is of great help, and such advice can often be found in suppliers themselves, though hiring a professional for the same isn't an outlandish idea, either. Another professional task that relies almost entirely upon the contacts one procures is the hiring of foreign staff for store locations and other such traditional marketplace locations. This process can be greatly aided if the entrepreneur chalks out what they desire their salesmanship in foreign lands to resemble, employees suiting which can then be recruited by someone hired for the same. Such a process can also be one of the aspects best tailored to the entrepreneur's preferences, and thus dedicating ample time to it can in no way be perceived as a sacrifice. But, the enabler of each of these aspects is, of course, financing, ample fresh rounds of which are required for any business to achieve a Goliath feat such as up scaling internationally. The backing of banking institutions can be secured to a limited extent, but to ensure such financing through methods the likes of loans requires the fulfillment of a myriad of previously etched out standards, the realization of which can often necessitate a period of conducting business with discipline by an entrepreneur. In third-party options, investors are always willing to jump on board for an opportunity as enticing as a business with the potential to achieve mainstream global prominence, although convincing them of the same is a task easier mentioned than seen through to fruition. Like much of a business's proceedings, this process must also be undertaken and later overseen with great attention by the entrepreneur him or herself, for the crux of the plethora of responsibilities that lies with the same lies entirely with them. But beyond the initial struggle that it might bring about, going global presents a potent chance to capture market shares the world over, and maximise a business to extents that simply confining to one nation wouldn't have ever brought about.

Sep 20, 2017 Meetings can be the most potent breeding ground of ideas and innovations for any company, while offering an opportunity for employees and executives to have an interactive exchange of opinions not found anywhere else, but only when they're done right. Hence, in the spirit of spurring more efficient meetings than most are fortunate enough to be a part of, here are 7 characteristics found in any effective workplace meeting. PRE-PLANNED - A meeting which pins the entirety of its hopes on figuring our an agenda and topics of discussion when on the spot itself will not only rob a myriad of employees of their precious time, but squander the meeting's potential for productivity even before ideas begin to be tabled. An employee sanctioned for particularly curing this very ailment is thus a necessity, and it's only them that can chalk out a comprehensive agenda for the meeting based upon the company's recent financial performance and desires for forthcoming market swings, while efficiently communicating the same to each attendee of the meeting prior to their appearance can verse every participant on the underlying concerns to be discussed and bring the entire brainpower scheduled for the occasion to be upon the same page even before a physical interaction is enabled. FOCUS - Meetings must focus on a particular topic above all other potential discussions, meaning that sacrifices might have to be made on the rare occasion or two of even ideas that might otherwise be brilliant, but stray from the tabled agenda on hand. For such suggestions, an organiser can possibly take note of the individual from whom it stems from and brief executives about it, allowing for their creativity to find a platform away from the meeting itself, helping it keep concise in form and focused in nature. Such an approach also reaps the greatest rewards when a task at hand compels the management to call for a meeting, pooling an entire portion of the firm's greater workforce to co-operate for the realisation of a common goal. QUOTAS - Meetings can often encourage even the most dedicated of employees to doze off and perhaps complete their sleep with their unorganised and inefficient nature. A major reason for this might be the fact that active participation from attendees is not something seen often in formal workplace meetings, and contradicting this very flaw could be the resolution of many efficiency issues that hamper meetings. Contribution toward either the planning of the meeting or perhaps the presentations to be displayed and ideas to be tabled can provide incentive for each attendee to shed optimum levels of dedication, while utilising the entire manpower at hand and bear fruit capable of steering the company in question forward. TIME - Although meetings must be allowed the freedom of a free flow of thought as long as they stick within the confines of a set agenda, limiting the total duration prior to the confluence of employees versed with their agenda enables each one of them to achieve the particular goals they intend to arrive for the meeting with, while the opportunity to map and plan their contribution toward the greater objective too can be seen through if each attendee is held to a strict time limit within which they have to fulfil the desired goals listed on the agenda, thus bringing about productivity and saving precious time that would've otherwise been wasted had the meeting allowed free room for conversations to stray from discussion through exorbitant meeting durations. INFORMATION - A meeting in agreement with the above stated points will always be one boasting of an unhinged information flow, objects such as the notes penned down by those attending to simply digest the amount of ideas being exchanged can bear ample testimony toward. Thus, a meeting rife with key pieces of information previously unknown to much of the attending workforce can always be deemed a successful one for it effectively proves itself to be an educational process for the attendees and set a litmus test for the occasions when a meeting must take place - only when a significant amount of infant data needs to be communicated within the firm. INTERACTION - A successful meeting enables effective communication between employees and executives, two groups that might otherwise hesitate to interact with one another even in an open work environment encouraging of the same. This can vary from workers being allowed a say or opinion on ideas stemming from those obviously much superior in rank or experience to them, and post-meeting agendas, which can only be gathered after an efficient meeting in the first place, to concern themselves with free, productive exchanges of ideas between the employers and their employees without a formal barrier to separate the two and squander any ideas that might be potent innovations. RESULTS - Almost no work culture centered around workforce interaction initiates a fresh meeting without discussing the results achieved from the previous one through comprehensive numbers and date to prove the same. A meeting in the process of fruition that starts in such a way not only compels participants to make most of their allotted time while they and their contemporaries are in confluence, but extract result orientated performances from each of them during this junction. Concerning themselves with results also enables work forces to more productively table only the ideas they believe capable of bringing about concrete developments and transformations, doing away entirely with possibly residual suggestions that would provide no identifiable gains. As proven by mass brainstorming sessions and impressive inter-department interactions found at many a fabled multinational corporation the world over, meetings are perhaps the greatest juncture for an entire company to descend upon a common location and resolve issues that might otherwise stand the test of time, and therefore, the boons of simply even doing them kept aside, their successful implementation can bequeath companies with innovations and suggestions that individual employees might've never conjured.

Sep 19, 2017 Big companies beat out the little guys by doing a few things better. Their strategies can be used by any company , regardless of budget. Be different from competition in a way customers value. Business is simply customers trading money for a solution. Customers today choose between many options. Give customers a reason to choose you. Businesses get big and stay big by continually learning what customers value, and deliver in a way that stands out from competition. Some questions are :- Who is your target? Who are your most profitable customers? Who purchases from you most frequently? Who do you enjoy serving? Who recommends you to others? Who has the most future potential? Who do you provide the most value for? Who are your competitors not going after? What does your target need or want? What do your customers want to fulfill with your product or service? Which can you deliver better or differently ? What is your unique benefit? The best companies choose and focus on one thing that sets them apart. Why should they believe you? What’s your “because?” Giving a reason why can dramatically change customer perceptions. Now you’re ready for marketing. Once you know how you’re providing value different from competition, you’re ready to market.

Sep 18, 2017 Imagine you are about to embark on a trip of a lifetime. You’ve received brochures for a luxury resort. The rooms are lavish; the grounds impeccable. Photos of the restaurant’s signature dishes look delectable. You’re sold. You go to the hotel. The room is musty and a tad dirty. The food is barely passable. Service is brusque and spotty at best. When you complain to management, you’re met with indifference, or worse, silence. You leave disillusioned and disgusted. For all the resort’s slick marketing, they’ve fallen woefully short. Branding goes well beyond marketing. It will not be successful without ensuring that all aspects of your business reflect and support your intended brand. One of your most valuable assets—your people—must be well-trained in articulating and delivering on your brand. This step is particularly important for service organizations that don’t have concrete products. Their offerings are soft assets like knowledge, experience and people. When employees don’t deliver the brand, it can be the kiss of death for a business. Don’t believe me? Visit a hotel review web site like TripAdvisor.com. Peruse travelers’ comments and you’ll likely come across more than a few who cite poor customer service for their negative hotel reviews. Conversely, employees who represent the brand flawlessly and consistently can propel a business to stardom. Brand: The Sum of All Its Parts Despite what many believe, brand isn’t about your logo, tagline and glossy brochure. Instead, a strong brand integrates multiple components, all of them necessary, including customer interactions, employee communications, corporate philosophy and advertising/marketing efforts. Your brand extends to your employees, customers, the media and even the general public as the above story illustrates. If these components don’t consistently reinforce your brand, customers will become dissatisfied. The negative impact of their perception, should they voice their opinions to other potential customers or even the media, could have a ripple effect on your business. This can erode your brand equity and create misperceptions about your company in the market, that in turn could lead prospective customers, employees and investors to pass on your organization. On the other hand, brand consistency throughout all levels of the organization helps drive an organization to grow and prosper. Strong brands can drive an increase in sales. The company is better suited to attract and retain the best employees. Vendors can see value in your brand and look to establish partnerships with your business, while investors will see the business and your brand equity as a valuable commodity.

Sep 17, 2017 The entrepreneurial edge is a term that isn't easy for many to understand, much less to define within the frame of words. But, the basic concept of having an edge, or the slightest of advantages, over your competitors through a select few practices that only you live by, or workplace values only implemented at your company, is one that resonates with almost every thriving entrepreneur. Therefore, here are a few observations about practices that have been responsible for catapulting many a successful businessperson to prosperity for educational purposes targeted at budding entrepreneurs. Possessing an edge is almost always achieved with clarity of vision by an entrepreneur's side, and it's the daily performance of tasks such as prioritisation of one's workload that can often alleviate much of the angst associated with growing a personal venture. But prioritisation of one activity over another can only be seen through if an entrepreneur has sufficient information about both, and the consequences lying in wait if one is delayed in favour of the other. Thus, an entrepreneur must always stay atop the flow of information circulating through their venture, and satisfactorily recognise the advantages or disadvantages each option on their to-do list entails before proceeding forward with any of the myriad of tasks necessary for their business' growth. This prioritisation in question must be balanced on two, very distinct levels - daily and long-term, for the concerns relative to both can often be diametrically opposed to one another, and its the job of a successful entrepreneur to make sure none of their decisions contradict each other and thus create a problem for either of the timelines. Equally important as prioritisation is the sufficient communication of the same to one's subordinate employees, if any, for such an approach not only greatly reduces the workload in the particular department the entrepreneur deems in need of their attention, but brings, both, employer and employee on the same page and gear for the achievement of the company's objectives together. Moreover, the consistent communication by the entrepreneur of their priorities aids employees in dedicating an added amount of effort toward the facets their superior desires results and recognisable yields in, while, at some point, they can thus be capable of identifying for themselves what their firm requires at any given period in time. Vision and clarity, in context to their personal career and the venture they're currently dedicating themselves toward, can also aid entrepreneurs in the adoption of strategies for their ventures. As retrospective successes of fabled entrepreneurs entail, businesses can require a re-incarnation of sorts, through the changing of their business plans and strategies, during almost every large shake-up that might affect the financial sector they thrive within. The reverberations of a period of either considerable gain or loss within the greater regional market reach all businesses, and handling these effectively and without losing much of the value their venture has managed to garner requires entrepreneurs to drop even the practices that have worked for their business in the past and adapt to their current environment. An example would be a particular company shifting its primary objective as a business from achieving profits to growing at a rapid rate in a market that is perhaps favourable to their product and offers them an opportunity for capturing a greater share within it. The identification of times like these when their venture requires a makeover can only ever be done by an entrepreneur who possess significant knowledge about the sector surrounding them and the competitors they constantly are at loggerheads with. Though many businesses can often be catapulted to success despite their owners only being educated upon the value of their own product, long-term success can only be built upon an entrepreneur who has an edge over the others with their extensive knowledge, and it's therefore essential that any businessperson first and foremost dedicate themselves to gaining all available education about the field they're about to dive into. The so-called edge also can be found with those willing to constantly learn about even those facets in which they've achieved prosperity in, and an open-minded approach is thus invaluable. Those capable of keeping their entrepreneurial pride at side and receive all the information coming toward their way simply through working toward their own success are better suited to handling tough times as a businessperson and have the resources necessary to emerge over them unscathed. Mentors can be found in abundance today, with some of the most noted entrepreneurs too lapping in the advice of those belonging to the previous generations of their trade, and its the understanding that taking lessons of knowledge from those with more experience when finding oneself at a dead-end that aids many a professional find solutions even when most options seem exhausted. The traditional litmus tests of an entrepreneur's fibre, their dedication toward their craft and the hours they're willing to put into it for the sake of its growth, remain effective in identifying those capable of gaining success from the rest, but the entrepreneurs indulging in some of the above stated aspects and possessing an eternal thirst for growth through learning can almost always be guaranteed of standing head and shoulders above the rest and therefore be seen as those wielding the "entrepreneurial edge".

Sep 16, 2017 The initial stages of a business provide owners and executives alike to set out a core compilation of values that will guide their firm through time, while some, such as a firm with an established ethical code, have over the years won popular favour with many a brand, making it important to truly explore just why ethics are perceived as donning such a role during the developmental phase. For one, ethics, and other guiding values such as morals, within a business can best shape a firm based on its long-term goals and objectives, while laying down an ethical code of conduct can also greatly aid the procedure for the formulation of a work culture. Guidance provided by ethics within an infant firm can aid the institution in becoming more than just a cash cow, see beyond profitability and use the influence it will wield upon achieving success for societal centric initiatives. As one can expect, establishing principle driven morality in an institution concerned purely with squandering competition and birthing profitability isn't the easiest of tasks, and thus bringing about comprehensive ethical standards during the stage of development itself can be highly beneficial and is an irreplaceable part of the greater business development process. One aspect of business where ethics assume great responsibility is human resource management, for a more moral driven approach toward such by executives and senior officials humanises employees and helps avert the possibility of them being, both, perceived and treated simply as assets to the firm. Ethics targeted at mutual co-operation between differing positions at the firm and demanding fair treatment for all can reduce malpractices that might otherwise plague the firm in relation to worker treatment. Harking back to the work culture facet, the presence of ethics and an established code of conduct can also help foster accountability in a firm. Ethics dedicated toward open communication and honesty can motivate employees to shed light upon their problems, while the factors causing them can be eliminated thus. Moreover, friction between workers, undoubtedly one of the greatest problems in a work environment, can too be eradicated if a firm's code demands open-ended discussions for the resolution of daunting interpersonal issues, while holding those who the majority finds to be responsible for committing the wrong in debate accountable for their actions sends out the message that strict adherence to the code of conduct is essential and that not doing the same will bring about dire consequences. Unity, remarkably, too can be brought about by ethical conduct, for a firm that cares for imposing its guiding values upon employees ensures that by doing such they set out what the firm desires in its workers, and thus provide incentive to them to conform based upon these values. Therefore, executives at a firm can motivate employees to be in unison with one another, have similar ideas about the firm's future and their contribution toward it. This makes a workforce with even a heftier amount of participants than usual function as a collective whole with great efficiency, rather than a misguided group of individuals with no real direction or goals in mind for their firm. From an outsider perspective, a company driven by a strong, core set of values almost always seems a more safer and attractive investment option when put in stark comparison to one lacking a code of conduct or performance. Thus, ethical proceedings are also an advantage in the eyes of an investor, perhaps the most important figure in a business' development aside from its head, and assures him or her of a firm that is not only characterised by accountability, but also conformity to changes, for the above mentioned unity that ethics most often bring about aid a firm in adapting better to diverse situations for they're guaranteed to boast a workforce that is consistently on the same page with one another. Much like their societal counterpart, business ethics are transferred down through a comprehensive process of education led by, in this case, the person at its helm. The imposition of such a culture upon a work environment requires a leader who achieves the same through utilising either the more traditional method of compelling employees to believe it as a matter of their duty and set aside consequences of nonconformity, or the more preferred democratic manner of leading by example. If a leader satisfactorily embodies all that the company seeks to find in its workers, they're subordinates will follow without much resistance and try to emulate their superior. This process is part of the greater role a leader plays during the developmental phase of any business, for its only their visionary strategy that can implement a company's objectives in the real world. Also, identifying potential promoters of growth, which the term "business development" means to an extent, is also a task only they're capable of seeing through, with their comprehensive knowledge about the happenings of every department in their firm and constant interactions with executives about what their firm requires in growth and numbers at any given time period. Thus, ethics can provide a higher ideal for business in more ways than one, and their realization during the time of development itself can come as a great boon and one which only leaders are capable of bequeathing. Their adoption continues to be slow among a business world yet resistant toward change, but the satisfactory implementation of a moral and ethical code of conduct can guarantee your business uniformity unfound anywhere else.

Sep 15, 2017 For most people, money makes the world go round and business bears that money. Businessmen will perhaps do anything just to achieve the ultimate goal of having a business, and that is to earn income. Net profit or income financially means a surplus of sales or revenues after deducting costs and expenses. Whether you are engage in profession, occupation, work or trade, you are in business and you speak income. When you earn an income you suffer taxes, the worst nightmare for every income earners. Income tax is your punishment of doing well in business. This sounds ridiculous but this is the reality, you pay when you earn. Because tax is legislative, noncompliance to this would results to crimes. This thing called income tax had already made billions of liars around the world. Some governments imposed taxes which are already too much to burden the flow of business. Others make tax laws that are already beyond the ability of taxpayers. However these facts must not result in the existence of enormous number of dishonest people in the world. Ethics in business rarely exists nowadays. Perhaps it is because for most people, profit will come without the need of business ethics. This, I don’t agree. The word ethics is derived from the Greek word ethos, which means “character,” and from the Latin word mores, which means “customs.” According to the encyclopedia ethics is the branch of philosophy that defines what is good for the individual and for society and establishes the nature of obligations, or duties, that people owe themselves and one another. Maybe ethics is not needed to earn profit if you define profit or income as money. But deeply speaking, business is not just for money. Yes it is definitely for profit, but profit is not just financial profit. We need profit that will not just sustain our pocket or our stomach. Significantly, we also need profits that will feed our hearts and soul. Considering that we are great businessmen, we should extend our minds to this principle. We need business ethics to earn these high valued profits. We must be concerned to the virtue of our character and to the common good. Your business is not just for the survival of your life on Earth but it can also be your road to the survival of your soul. If you’re in business and had a company, you can help your employees by providing them enough salaries and other benefits that will make their lives better. You can be honest and pay your exact tax for the government who will eventually use it for your country’s development. (Assuming your government is straight and not corrupt) But don’t mind them, be honest even others are not. We are talking here your soul survival and not theirs. You can also serve your customers by providing them their needs and giving them convenience. Customer care is so important for your customers as also important for your business to earn public trust and loyalty. If you build infrastructures for your company you contribute to the development of your place in terms of buildings and infrastructures. When you got ethics in business you practice fair business competition. Fair business competition is a challenge for every business to improve the qualities of their and services, and the end benefits are to the consumers. Doing business with clean conscience is doing business with good night sleeps. It is also doing business with gladness of your heart and soul. Gratitude will come to you and you will become a stress free businessman if you do business with ethics. These and other spiritual profits will straightly come to you and the good thing on this is you are not taxed on this kind of profits. As an extraordinary businessman, you do not only set your long-term goals for 10 years or for a life time. You must also consider eternity and set goals to achieve profits that will benefit your soul. You need profits that last forever, profits that will give us everlasting life and happiness, and profits that will earn us the key to heaven. These profits will benefits us in the short run, midterm run, long run and eternal run, as God is great from the beginning and unto the never-ending. Do business and believe in God. Building our business in God’s place is like building it in rocks which are in great foundations. Let us be kind and grateful to our employees as they are our best assets. Let’s give them bread and they will give us a ham sandwich. Let us have huge care to our customers as they are our best revenue generators. Let’s give them good price, high quality products and best services and they will give us their respect and loyalty. Let us be fair to our competitors as they are our great motivators. Let us give them fair game and they will give us the true meaning of winning. Let us be thankful to our Father Almighty God as He is our greatest business partner. Let’s serve Him and He will give us joy and peace of mind.

Sep 14, 2017 One of the few rules I try to live my life by, and fail every day trying, is the Golden Rule. I love the simplicity of the Golden Rule, its tendency to make I interact with happier … and its tendency to make me happier as well. With that in mind, let’s take a look at some practical tips for living the Golden Rule :- 1.Practice empathy. Make it a habit to try to place yourself in the shoes of another person. Any person. Loved ones, co-workers, people you meet on the street. Really try to understand, to the extent that you can, what it is like to be them, what they are going through, and why they do what they do. 2.Practice compassion. Once you can understand another person, and feel what they’re going through, learn to want to end their suffering. And when you can, take even a small action to somehow ease their suffering in some way. 3.How would you want to be treated? The Golden Rule doesn’t really mean that you should treat someone else exactly as you’d want them to treat you … it means that you should try to imagine how they want to be treated, and do that. So when you put yourself in their shoes, ask yourself how you think they want to be treated. Ask yourself how you would want to be treated if you were in their situation. John F. Kennedy did that during the controversial days of de-segregation in the 1960s, asking white Americans to imagine being looked down upon and treated badly based only on the color of their skin. He asked them to imagine how they would want to be treated if they were in that situation, and act accordingly towards the blacks. 4.Be friendly. When in doubt, follow this tip. It’s usually safe to be friendly towards others. Of course, there are times when others just don’t want someone acting friendly towards them, and you should be sensitive to that. You should also be friendly within the bounds of appropriateness. But who doesn’t like to feel welcome and wanted? 5.Be helpful. This is probably one of the weaknesses of our society. Sure, there are many people who go out of their way to be helpful, and I applaud them. But in general there is a tendency to keep to yourself, and to ignore the problems of others. Don’t be blind to the needs and troubles of others. Look to help even before you’re asked. 6.Be courteous in traffic. Another weakness of our society. There are few times when we are as selfish as when we’re driving. We don’t want to give up the right of way, we cut people off, we honk and curse. Perhaps it’s the isolation of the automobile. We certainly don’t act that rude in person, most of the time. So try to be courteous in traffic. 7.Listen to others. Another weakness: we all want to talk, but very few of us want to listen. And yet, we all want to be listened to. So take the time to actually listen to another person, rather than just wait your turn to talk. It’ll also go a long way to helping you understand others 8.Overcome prejudice. We all have our prejudices, whether it’s based on skin color, attractiveness, height, age, gender … it’s human nature, I guess. But try to see each person as an individual human being, with different backgrounds and needs and dreams. And try to see the commonalities between you and that person, despite your differences. 9.Stop criticism. We all have a tendency to criticize others, whether it’s people we know or people we see on television. However, ask yourself if you would like to be criticized in that person’s situation. The answer is almost always “no”. So hold back your criticism, and instead learn to interact with others in a positive way. 10.Don’t control others. It’s also rare that people want to be controlled. Trust me. So don’t do it. This is a difficult thing, especially if we are conditioned to control people. But when you get the urge to control, put yourself in that person’s shoes. You would want freedom and autonomy and trust, wouldn’t you? Give that to others then. 11.Be a child. The urge to control and criticize is especially strong when we are adults dealing with children. In some cases, it’s necessary, of course: you don’t want the child to hurt himself, for example. But in most cases, it’s not. Put yourself in the shoes of that child. Remember what it was like to be a child, and to be criticized and controlled. You probably didn’t like it. How would you want to be treated if you were that child? 12. Send yourself a reminder. Email yourself a daily reminder (use Google Calendar or memotome.com, for example, to live your life by the Golden Rule, so you don’t forget. 13. Post it on your wall or make it your home page. The Golden Rule makes a great mantra, and a great poster.

Sep 13, 2017 With the age of hyper-strategized firms upon us, and an increasing amount of vying businessmen and women feeling they can thrive within the start-up culture, its perhaps important to take a step back and understand what truly makes a successful entrepreneur tick and make their own net worth and those of their firms skyrocket toward the magic number - a million. A key facet of forging a successful business is to have a well thought out game plan in place that not only concerns itself with devising a firm's daily activities but also its larger objective, and in the case of a firm targeting the hallowed million benchmark, it has to be concerned entirely with profitability. This means the business must operate on an eternally unglamorous budget that keeps cash in hand for other activities, while an actively dedicated approach must be taken toward reducing costs and budgetary woes stemming from other departments, aiding more of a percentage from the total revenue to transform into net profit. Further, the gain/profit-centric method also forces entrepreneurs to resist the lure of diversification and perhaps offering an increased amount of products until their initial benchmark is satisfactorily achieved, even when investment might seem a prudent option in the face of the greater goal of turning profitable and compels a laser-focus on the primary service or product their firm offers instead. On the other hand, sacrifices made by entrepreneurs at the helms of growing firms in the form of their salaries, at least during the business' infant stage, can grant the firm a regular monetary stream with which it can steadily re-invest in terms of human resources and other essential aspects required to maintain steady growth. While sacrificing pay cheques carved from a firm's profits might seem a gamble with the entrepreneur's personal sustainability and ability to put food upon their table, the re-investment it enables can greatly enhance profitability and soon aid their firm in turning over numbers that might've seemed unreachable before, and not only return the salary amounts they willingly gave up for their firm in the past, but greater sums of money over them due the business' newfound growth promoting mechanism. Analytics too are of a great help, and simple compilations of numbers stored upon a company's digital database can be a potential goldmine if analysed correctly and by the right people. Acting upon their firm's statistics can not only aid entrepreneurs in regularly keeping up with the trends affecting their business, but predict beforehand the consequences of forthcoming declines in either sales or profits, the consistent growth of which will be essential to their seven-figure number aspirations. Moreover, the value of analytics is not just confined to a firm, but can spill over to the entrepreneur themselves for its only the prudent handling over the money the receive from the firm that can enable their net worth to see previously uncharted waters and perhaps help them find ways to grow their worth independently of the firm's successes. Professional assistance is something most infant firms and the entrepreneurs can shy away from due its seemingly overt bureaucratic nature, but placing one's personal pride aside and seek actual guidance when their firm hits a wall can be of great value, and third-party assistance from experienced industry veterans can further aid identifying the firm's future path and plan for profits. Entrepreneurs too must employ professionals at particular junctions in their career such as the personal net worth's growth mentioned above to reduce their already substantial workload, while placing the onus of brainstorming new methods of wealth creation upon their hired help. Be it keeping their finances stable and safe from, more often than not today, unpredictable grasp of bankruptcy, or outmanoeuvring other executives in a firm perhaps not their own to gain a greater share in the company's profits, professional assistance can be a boon for those seeking to achieve seven figures. Of course, much of this is theoretical and simply based upon past successes of fabled entrepreneurs, while the application of this requires intense dedication from businessmen and women willing to work without holding back for the sake of their firms. In the modern context, and talking specifically about an entrepreneur's personal success, choosing wisely the sector one steps into for their career's growth can often decide their prospects and its the employment of these tips, coupled with intelligent decisions based on current market situations that can book an entrepreneur's path to minting millions.