There are millions of business opportunities which one can invest in. The main reason why new businesses fail is because many investors put their money in opportunities which they can not identify with. It is not how good the opportunity looks, but how much will you earn and how safe it is.
Every opportunity that comes your way is not for you. I have seen people failing in a particular business and close down, while others succeed in the same business and conditions. Now, what happens? The truth is that there is no magic in business. If you can not succeed in it, look for another. The problem is identifying the other because may end up in another mess.
In coming up with the best opportunity, there are specific factors that you have to put into consideration. First, it is obvious that you will look at the returns. Thou this might be the main consideration, do not be quick to invest on this grounds only.
The risk factor is also important. You must know how big the chances for survival of your business are. Of course, high risk businesses earn much profit. But remember that it may be too risky that you end up loosing even before you get any returns.
You must consider the government policy on the business. Some businesses like drug trafficking earn high profits but are illegal. Do not engage I such businesses; you will end up loosing in the long run.
Capital to be invested is another factor. Do you have enough resources for the business? An opportunity may have very good prospects but require money that you do not have.
Wednesday, July 15, 2009
SMALL BUSINESS GROWTH IN THE CURRENT WORLD ECONOMIC CRISIS
What’s next for small businesses? This is one of the questions I have been made to tackle in my undertakings to save my clients from collapse of their businesses. The global economic crisis is not only a nightmare to big businesses but has threatened to bring down the entire economy which is generally made of small businesses. Small business managers are therefore faced with the challenge of remaining in business and also ensure continued profitability.
A good manager that wants to ensure a continued growth and profitability must first understand that the world is really facing a crisis. This calls for new strategies to curb the problem. You do not need to close your business but come up with a mode of adaptation. Some managers have ignored this fact only to be ambushed by unpaid debts and other under performances.
Secondly, know that the challenges of the crisis can as well be used as opportunities. It is very unfortunate for managers who are struggling to keep down costs instead of trying their best to increase sales. I want you to know that while cutting cost may increase your profits, it’s a clear sign that your business is not performing to the required standards. A good manager will take time to study and see what can be done to increase sales. Do not give up; there are businesses which have recorded increase in profits, yours is the next on line.
Thirdly, you must do your best to satisfy your current customer needs. The current world economic crisis has also brought up current customer needs. Know them, satisfy them.
A good manager that wants to ensure a continued growth and profitability must first understand that the world is really facing a crisis. This calls for new strategies to curb the problem. You do not need to close your business but come up with a mode of adaptation. Some managers have ignored this fact only to be ambushed by unpaid debts and other under performances.
Secondly, know that the challenges of the crisis can as well be used as opportunities. It is very unfortunate for managers who are struggling to keep down costs instead of trying their best to increase sales. I want you to know that while cutting cost may increase your profits, it’s a clear sign that your business is not performing to the required standards. A good manager will take time to study and see what can be done to increase sales. Do not give up; there are businesses which have recorded increase in profits, yours is the next on line.
Thirdly, you must do your best to satisfy your current customer needs. The current world economic crisis has also brought up current customer needs. Know them, satisfy them.
WHO WILL I MARRY?
The question ‘who will I marry’ is a critical one to everyone who dreams to ever get married. It’s almost certain that everyone living in this world has to ask himself this question a least once in a lifetime. If you fail to ask this question, you may as well find yourself asking ‘who did I marry’. There are many theories surrounding this area of marriage, this article highlights key issues that I have learnt from personal experience, research and through extensive and intensive study on the area. I therefore intend to be as practical as possible so that I do not end up introducing another unrealistic theory.
Where do I start? This might be the question that is ringing in your mind. Start where you are. Remember that everybody starts somewhere. Have you prayed about this issue? I want you to know that issues of marriage are very serious and there is no chance for trial and error. It is sad to note that in some countries marriage has been taken to be a form of contract and hence not given the weight it deserves. Please remove that from you mind. If you do not intend to spend your whole life with someone, do not waste his/her time. There is no marriage for kids, so if you are a kid, please stay away from it. There are some young adults who want to behave like kids, always looking for pity, bringing unnecessary arguments and disagreement. If you are that kind, stay away. You are yet to qualify. Marriage relationships are for mature people with a goal, which is marriage.
Do not form a habit of moving from one person to another. This shows that you are not ready for marriage. In fact this may mean that you are the person with the problem. However do not be afraid to break a relationship if both of you feel that it cannot work out, it’s better a broken relationship than a broken marriage.
Where do I start? This might be the question that is ringing in your mind. Start where you are. Remember that everybody starts somewhere. Have you prayed about this issue? I want you to know that issues of marriage are very serious and there is no chance for trial and error. It is sad to note that in some countries marriage has been taken to be a form of contract and hence not given the weight it deserves. Please remove that from you mind. If you do not intend to spend your whole life with someone, do not waste his/her time. There is no marriage for kids, so if you are a kid, please stay away from it. There are some young adults who want to behave like kids, always looking for pity, bringing unnecessary arguments and disagreement. If you are that kind, stay away. You are yet to qualify. Marriage relationships are for mature people with a goal, which is marriage.
Do not form a habit of moving from one person to another. This shows that you are not ready for marriage. In fact this may mean that you are the person with the problem. However do not be afraid to break a relationship if both of you feel that it cannot work out, it’s better a broken relationship than a broken marriage.
Starting a non-governmental organization (NGO)
The truth is that setting up an NGO is not easy. Many people go through a rough time in trying to start up such organizations. I have come across many ambitious people whose efforts have been frustrated by the hard circumstances surrounding the foundation of NGOs. Anyway, one major reason why people fail is because they are unwilling to follow the right procedures, especially the laid down policies by the government. Many NGOs have been known to solicit for funds from unsuspecting donors and well wishers and using such donations to enrich a few individuals. If that’s your intention, then what you have is not an NGO but a defrauding scheme, which is against the law. This is why many governments have put in place regulations to help come up with genuine organizations.
A non governmental organization begins by writing down your vision. This helps one to avoid straying away from what you want to achieve. After this, you need to look for people of your kind to help you in achieving it. But always remember that you are the vision carrier and if you do not succeed, then you are the one who has failed and not your friends; success may be credited to all but failure will be attributed to you.
The people who join you will help you in coming up with a mission. This is the game plan on achieving you vision. It also means the strategies that you will take to get to your set objectives.
NGO funding is one of the many strategies that you must make clear. No NGO will survive without money. This calls for writing proposals if you need support from friends. Anyway, many NGOs are also funded from personal or businesses income. Whatever the case, set it clear from the onset.
A non governmental organization begins by writing down your vision. This helps one to avoid straying away from what you want to achieve. After this, you need to look for people of your kind to help you in achieving it. But always remember that you are the vision carrier and if you do not succeed, then you are the one who has failed and not your friends; success may be credited to all but failure will be attributed to you.
The people who join you will help you in coming up with a mission. This is the game plan on achieving you vision. It also means the strategies that you will take to get to your set objectives.
NGO funding is one of the many strategies that you must make clear. No NGO will survive without money. This calls for writing proposals if you need support from friends. Anyway, many NGOs are also funded from personal or businesses income. Whatever the case, set it clear from the onset.
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