ABOUT

This Blog is about ...

Comments

Post a Comment

Popular posts from this blog

The Keys To Be A Successful Business

Business owners are some of the most optimistic, and often the craziest people in the world. No-one starts a business believing that it will fail. We are all absolutely convinced that our idea is a great one, that we will be successful (where others have failed) and that this business will change our lives for the better. If we did not feel that way, we would never take the risk to invest our own money, or borrow from others to start our business. The reality is however, that, according to the SBA, most businesses eventually fail and more that 50% do not survive beyond the first 3 years. Even if you manage to get that far, things can still go horribly wrong, as many seasoned business owners found out during the recession which hit us during 2023 to 2024. So, does this mean that you should not start a business at all? Absolutely not. I believe that your business can be an outstanding success, if you approach it in the right way, avoid repeating previous mistakes and impose discipline o...
Read more

The Goal of BSC for Strategic Level Planning

What is the role of BSC for strategic level methodologies of organizations? Before we will be able to answer that, let's take a short trip down to memory lane first. A balanced scorecard is a measurement framework that is used to track an organizations performance. Drs. Kaplan and Norton first brought up the idea in 1996 and has since become a sensational tool that in fact, an average of at least 50% of companies all over the world has learned to utilize them. It should not come as a surprise if sooner or later, all organizations will adopt this trend. I do agree when people say that there are a lot of business terms and sometimes, there is just no way to memorize them all. I am not saying that it is for that reason that the BSC for strategic level is standardized, but you have to admit that remembering three simple terms that will enable you to sum up all your goals and utilize your BSC for strategic level methodology purposes optimally. These three terms are: -Corporate level ...
Read more

The Business Fundamentals for Entrepreneurs

Having a great idea and the motivation to strike-out on your own is a good first step in pursing the feasibility of a business. However, it takes more than motivation and a great idea to get things started. This article will reveal some of the simplest considerations that most would-be business-owners overlook. The very first thing that should not fall under consideration is venturing out on your own without the proper tools beyond the scope of a great idea. According to statistics provided by the Small Business Administration, over 90% of small businesses fail due to a lack of planning. How many times have you heard or witnessed individuals that sat up over a weekend and wrote a stellar business plan then headed out on Monday morning to seek funding or investors? Impatience is the second thing that needs management. So often "I am tired of working for someone else" is the premise for people to start a business. This frame of mind will almost ensure failure because this appr...
Read more