Businesses are very much like people: they have a life of their own, they need food (cash flow) to survive, and interaction with other people (businesses) to thrive, and order to be profitable, the business needs to be consistent in its product delivery, customer service, and management. Would you continue to patronise a restaurant if …
Not achieving what you want? Try being consistent. Read More »
Most businesses start off with the entrepreneur assuming multiple positions within the company and wearing many hats and is not able to delegate. Sometimes it is through necessity, due to the lack of financial resources, other times it can be because the owner wants to keep control of the company. There will come a time …
It is a widely held view that getting an education for business will improve your chance of success in life. In the business world, as the market demand has shifted from manufacturing workers to technology-savvy ones, governments worldwide have been encouraging their workforces to retrain, so that they can remain productive throughout their career. While …
I went to a tree top obstacle course with my niece once. The course was very much like a standard obstacle course, except that you are about 6 meters off the ground. Getting from one point to another was safe as we had harnesses and safety ropes. However, in one of the obstacles, we had …
Whether you like it or not, when you create a business and employ people, you become the leader of your team. Some of you may not like the idea that others will actually look to you for guidance in a myriad of business issues – but did you know that if you improve your leadership …
Michael Gerber, the famous author of the E-Myth books, talks about identifying what needs to be done, testing it to determine the results, and then breaking it down into tasks so simple, that almost anyone can do it. You then systemise and document it so that the business can be effectively operated by anyone on …
Systemisation – How and when to get the maximum benefit Read More »
The role of the Board of Directors is to represent the shareholders’ interests in the day-to-day affairs of the company. In major organisations, the diverse backgrounds of the board members would provide a breadth of experience in all areas of business to advise the CEO and ensure company decisions are geared towards achieving strategic objectives. …
Cultures around the world generally respect their elders, as they have a wealth of wisdom acquired through their life experiences which can serve as a great business lesson. There are many things that we can learn from them, especially the lessons that they have already gone through, in the hope that we don’t make the same …
Business Lesson: Its not what you know. It’s the Application of it that counts. Read More »
What would you define as the best asset in your business? Would it be your equipment? Your products? Your team? Or the premises in which your business resides? According to Wikipedia, the work asset is defined as the following: Anything, tangible or intangible, which is capable of being owned or controlled to produce value, and …
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