Monday, 19 December 2016

Work-life balance: all should attain it

Hello readers, today I will be writing about work-life balance. According to businessdictionary.com, work-life balance "is a comfortable state of equilibrium achieved between an employee's primary priorities of their employment position and their private lifestyle." All work and no play makes Jack a dull boy, thus, you should find a balance between work and play. Here are some tips to help you achieve it.

1. Do not check your email (work) after working hours, this will help improve the quality of time you spend with your family and friends. Thus, you should not be distracted by work when spending time with your family and friends. 

2. When you decide to improve the situation of your work life balance, take it one step at a time. For example if you do not get to spend time in the evenings with your family during the week days due to coming back late from work, you should decide to spend one day a week and gradually increase it to two and then three till you get to spend the whole five week days with them. According to researchers, you cannot change your working pattern drastically as  you will be unable to keep it up.

3. You should spend some of your time daily doing exercises. This will equip you emotionally. When you carry out exercises you are taking good care of yourself which is part of having a work-life balance.

4. You should establish your boundaries and should not be afraid of communicating them. You should respect your  boundaries so that you can get others to respect them. Learn to say no to work when it is past your working hours and you need to spend time with your family or friends

All of this will help improve your work-life balance. Thank you for reading this article. Keep checking out my blog regularly, cheers!









Friday, 16 December 2016

Prayers for all muslims

Assalamu alaykum, today I have prayers for all muslims. Hope you are good. Here they are

Rabbana Aatina Fid Dunya Hasanatou Wa Fil Aakheerati Hasanatou Waqeena Aazaban Naar

Oh Allah give us goodness in this life and goodness in the hereafter and save us from the punishment of the fire

Waqeena Aazabul Qabr

.... and save us from the punishment of the grave

Waqeena Aazabul Hashr

.... and save us from the punishment of the day of reckoning

Waqeena Aazabul Faqr

.... and save us from the punishment of poverty

Waqeena Aazabul Meezaan

.... and save us from the punishment of the scales

Waqeena Aazabul Karz

.... and save us from the punishment of debt

Waqeena Aazabul Marz

.... and save us from the punishment of sickness

Waqeena Aazabul Aafaat

.... and save us from the punishment of calamities

Waqeena Aazabul Sakraat

.... and save us from the punishment of the pangs of death

Waqeena Aazabul Maut

.... and save us from the punishment of death

Waqeena Aazabul Fitnatul Masihid dajjal

.... and save us from the punishment of the trails of dajjal

Waqeena Azaban Naar

and save us from the punishment of the fire

Amin

That is all for today, do enjoy your weekend. Keep checking out my blog regularly, cheers!

Thursday, 15 December 2016

Marketing strategies to be used during a financial crisis

Hello readers, today I will be talking about marketing strategies to be used during a challenging period. In order to be able to cope successfully during a financial crisis in an economy your business operates in, you must do the following.

- Find an opportunity in the market that other competitors have not explored and focus on attracting new customers. These new customers include the ones that have not been provided with your services as a result of not meeting their requirements. This will help you survive during the financial crisis.

- Promote your products by sending emails to potential  customers. This will help you get more customers during the crisis. The title of your email must be catchy so that your emails will be read.

- Build a good customer service relationship with existing and potential customers. That could serve as a competitive advantage. Thus, you can keep in touch with customers that are comfortable with it, this can help differentiate your products.

-  A low cost pricing strategy should be used cause the financial capability of customers would have reduced, thus they will be attracted to the cheapest product of high quality.

Thank you for reading this article, keep checking my article regularly. Cheers!


Thursday, 8 December 2016

6 top universities in Nigeria

Hello readers, I will be writing about the top 6 universities in Nigeria according to the National Universities Commission (NUC). Here they are

1. University of Ibadan
It is the oldest university in Nigeria. It was established in 1948. It takes the number one position according to NUC. It is located in Ibadan, Oyo State. It has more than 33,000 students. It is the first university in Nigeria to be ranked within the top 1000 universities by Times Higher Education.

2. University of Lagos
This beautiful university takes the number 2 position according to NUC. It was established in 1962. It is located in Akoka, Lagos State. It has more than 57,000 students. It is also known as Unilag.

3. University of Benin
According to NUC, it takes the number 3 position in Nigeria. It was established in 1970. It has more than 49,000 students. It is located in Benin, Edo State.

4. Obafemi Awolowo University
This nice university is located in Ile-Ife, Osun State. It was established in 1961. It used to be called University of Ife and was renamed Obafemi Awolowo University in 1987. It has about 35,000 students. According to NUC, It takes the 4th position in Nigeria.

5. Ahmadu Bello University
NUC ranked this university 5th. It is located in Zaria, Kaduna State. It was established in 1962 as the University of Northern Nigeria. It was later renamed Ahmadu Bello University

6. University of Ilorin
It is located in Ilorin, Kwara State, It was established in 1975. It has over 34,000 students. According to NUC, it takes the 6th position. It is also known as Unilorin. 

Wednesday, 7 December 2016

The process of formulating your strategy

Hello readers, I will be writing about strategy formulation. Strategy formulation could be seen as a process whereby the best courses of actions are chosen so as to achieve the goals and objectives of your business. Thus, achieving the vision of your organisation.

The first step to take when formulating your strategy is to define the long term goals and objectives of your business. You will then have to evaluate your business environment using the PESTEL analysis framework. You will also analyse the strengths, weaknesses, opportunities and threats of your business using the SWOT analysis framework. The PESTEL analysis will help you understand your environment. Both frameworks will let you know the competitive position of your business, which will guide your strategy.

The next step you will take is to turn some of your objectives into quantitative targets. This will help you know the value that might be added by various operating departments. These values must be identified, after-which, a business strategy will be composed for each department.

The last step you will take is to formulate the strategy. The strategy will be influenced by the goals and objectives of your company, the environment  your company operates in as well as the strengths, weaknesses, opportunities and threats of your company.

Thank you for reading this article. Keep checking out my blog regularly. Cheers!

Tuesday, 6 December 2016

Preventing competitors from imitating your products

Hello readers, today I will be writing about ways you can prevent competitors from imitating your products. “Imitation is the most direct form of competition; thus, for a competitive advantage to be sustained over time, barriers to imitation must exist”. (Robert M. Grant). Isolating mechanisms is used to describe the barriers that limit the threats of imitation. 

Obscuring superior performance:
“A simple barrier to imitation is to obscure the firm’s superior profitability“. (Robert M. Grant). That is you should hide your firm’s profitability from the public. However, public limited companies are not able to do that

Deterrence and Preemption:
“A firm may avoid competition by undermining the incentives for imitation”. (Robert M. Grant). Making variety of products could leave new entrants and smaller competitors with few opportunities. Market opportunities for rivals can also be preempted if you invest largely in production capacity that is greater than the growth of the market demand.

Diagnosing Competitive advantage:
“If a firm is to imitate the competitive advantage of another, it must understand the basis of its rival’s success”. (Robert M. Grant). Thus, the way you achieve your competitive advantage should not be known to the public.

Acquiring Resources and Capabilities
"An imitator can mount a competitive challenge only by assembling resources and capabilities necessary for imitation”. (Robert M. Grant). The period it takes competitors to acquire and mobilize resources and capabilities is the period of time your competitive advantage can be sustained for. Thus, complex firm specific resources should be used

Thank you for reading this article. Keep checking out my blog regularly. Cheers!


Friday, 2 December 2016

Verse and Chapters of the Quran to recite after every obligatory prayer and at bedtime

Hello readers, today I will be telling you what verse and chapters you should recite after every obligatory prayer and at bedtime. Here they are

Surat Ikhlass (Chapter 112)

Bismillaahir-Rahmaanir-Rahim
Qul Hu-wallahu Ahad;
Allaahus Samad;
Lam yalid, wa lam yunlad;
Walam yakul-la-Huu kufuwan ahad.

Meaning in English
The Unity

In the name of Allah , the Most Beneficent, the Most Merciful
Say: He is Allah, the One!
Allah the eternally Besought of all!
He begetteth not nor was begotten.
And there is none comparable unto Him.

Surat Falaq (Chapter 113)

Bismillaahir-Rahmaanir-Rahim
Qul a-uuzu bi Rabbil Falaq,
Min-sharri maa khalaq:
Wa min-sharri gaasiqin izza waqab,
Wa min-sharrin-Naffaasaatil fil-uqad,
Wa min-sharri haasidin izza hasad.

Meaning in English
The Daybreak

In the name of Allah , the Most Beneficent, the Most Merciful
Say: I seek refuge in the Lord of Daybreak,
From the evil of that which He created;
From the evil of the darkness when it is intense,
And from the evil of malignant witchcraft,
And from the evil of the envier when he envieth.

Surat Naas (Chapter 114)

Bismillaahir-Rahmaanir-Rahim
Qul a-uuzu bi-Rabbin-Naas,
Malikin-Naas,
Ilaahin-Naas,
Min-sharril- Waswaasil-khan-Naas,-
Allazii yuwas-wisu fii suduurin-Naasi,-
Minal-Jinnati wan-Naas.

Meaning in English
Mankind

In the name of Allah , the Most Beneficent, the Most Merciful
Say: I seek refuge in the Lord of Mankind,
The King of mankind,
The God of mankind,
From the evil of the sneaking whisperer,
Who whispereth in the hearts of mankind,
Of the jinn and of mankind.

Ayat-al Kursiyyu (Chapter 2:255)

Bismillaahir-Rahmaanir-Rahim
Allahu laaa illaaha illa Huu. Al-Hayyul-Qayyum. Laa ta-khuzuhuu
sina-tunw-wa laa nawm. Lahuu maa fissamaawaati wa maa fil-arz. Man-zallazii yashfa- u indahuu illah bi-iznih Ya-lamu maa bayna aydiihim wa maa khalfahum. Wa laa yu-hituuna bi-shay-im-min il-mihii illa bimaa shaa. Wa-si-a Kursiyyu-hus-Samaawati-ti wal-arz; wa laa ya-uudu-huu hifzu-humaa wa Huwal- Aliyyul-Azim.

Meaning in English
The Throne

In the name of Allah , the Most Beneficent, the Most Merciful
Allah! There is no God save Him, the Alive, the Eternal. Neither slumber nor sleep overtaketh Him. Unto Him belongeth whatsoever is in the heavens and whatsoever is in the earth. Who is he that intercedeth with Him save by His leave He knoweth that which is in front of them and that which is behind them while they encompass nothing of His knowledge save what He will. His throne includeth the heavens and the earth, and He is never weary of preserving them. He is the Sublime, the Tremendous.






Thursday, 1 December 2016

Top 6 universities

Hello readers, today I will like to tell you about 6 top universities. The aim of this article is to keep you informed. I hope your week has been good so far. Here they are

California Institute of Technology
This university has been ranked first by timeshighereducation.com, fifth by topuniversities.com and seventh by bestschools.org. This institution was founded in 1891. It has 2,240 students while undergraduates students are 979 in all. Post graduate students are 1,261 in all. It is located in Pasadena, California, USA.

Harvard University
This university has been ranked sixth by timeshighereducation.com, third by topuniversities.com and first by bestschools.org. This institution was founded in 1636. It has 21,200 students while undergraduates students are 6,700 in all. Post graduate students are 14,500 in all. It  is located in  Cambridge, Massachusetts, USA.

Massachusetts Institute of Technology
This university has been ranked fifth by timeshighereducation.com, first by topuniversities.com and third by bestschools.org. This institution was founded in 1861. It has 11,319 students while undergraduates students are 4,512 in all. Post graduate students are 6,807 in all. It  is located in  Cambridge, Massachusetts, USA.

Stanford University
This university has been ranked third by timeshighereducation.com, second by topuniversities.com and second by bestschools.org. This institution was founded in 1891. It has 15,877 students while undergraduates students are 6,980 in all. Post graduate students are 8,897 in all. It  is located in Stanford,  California, USA.

University of Cambridge
This university has been ranked fourth by timeshighereducation.com, fourth by topuniversities.com and fifth by bestschools.org. This institution was founded in 1209. It has 19,515 students while undergraduates students are 12,230 in all. Post graduate students are 7,285 in all. It  is located in Cambridge, England, UK.

University of Oxford
This university has been ranked second by timeshighereducation.com, sixth by topuniversities.com and tenth by bestschools.org. This institution was founded in 1096. As of December 2015, It had 22,602 students while undergraduates students were 11,603 in all. Post graduate students were 10,499 in all and other students were 500. It  is located in Oxford, England, UK.

Thank you for reading this article. Keep checking out my blog regularly, cheers!


Wednesday, 30 November 2016

What you should remove from your product portfolio

Hello readers, hope you are all good. Today, I will be writing about products that you should remove from your product portfolio in order to increase profitability especially in situations whereby your cost exceeds those of your peers. Here they are

Break-even
When a product continues to fall below the break-even point after the predicted number of years it will take to break-even, since its contribution to profit does not cover the fixed cost then the product should be removed from your product portfolio . Removing the product will help boost your profit.

Stagnant growth
When you introduce a new product to your business market and realise that the product is stuck in the introduction stage of the product life cycle you should remove such products from your portfolio as such products are more likely to be making losses.

Products that are making losses
You should identify products that are bringing you losses and stop producing them. Since your aim is to increase profit. 

Thank you for reading this article. Keep checking out my blog regularly. Cheers!

Monday, 28 November 2016

Benefits of having a positive attitude at work

Hello readers, today I am going to let you know why you should have a positive attitude at work. According to dictionary.cambridge.org, an attitude "is a feeling or opinion about something or someone, or a way of behaving that is caused by this." An individual with a positive attitude will be behave in a positive way. The benefit of having a positive attitude includes

Getting along with co-workers
An individual that has a positive attitude at work gets along with other co-workers. This reduces the stress level at work which is good for your psychological well being. Stress can cause some damages to your health, so its best to have a positive attitude at work.

Job satisfaction
A positive attitude at work will help you keep your job. It will make you a candidate for a leadership position. Top managers will notice your warm and pleasant attitude and it will motivate them to promote you or increase your salary as long as you are also productive.


Making decisions
A positive attitude will help you make wise decisions. You will have a healthy way of thinking as a result of your attitude.

Thank you for reading this article. Keep checking out my blog regularly. Cheers!

Thursday, 24 November 2016

What a leader should do to manage a team effectively

Hello readers, today I will be writing about the ways a leader can manage a team effectively.

Building rapport
A leader must build a good rapport with his/her team mates. He/she should learn to listen to what his/her subordinates have to say. Having a good rapport will help deal with difficult situations and difficult personalities easily. It will also empower them which in turn will help the team achieve its goals.

Delegation
A good team leader must learn to delegate duties to subordinate and not make every decision by himself/herself. This will give them a sense of belonging, which is one of the basic needs of man. It will make them feel like they are contributing to the success of the company. This will help them achieve the goals of the team.

Supporting them to achieve success
When a team leader supports his/her subordinates to achieve success in business, it creates a feeling of trust which will in turn help the team as a whole. When subordinates believes that a leader has their best interest at heart, they work harder which will help them achieve the goals of the team.

Motivation
A team leader must learn to motivate team members using motivational tools like recognition, appraisal, awards and others. This will inspire subordinates to give in their best.

Thank you for reading this article. Keep checking my blog regularly, cheers!

Wednesday, 23 November 2016

Value chain and information system: part 2

Hello readers, hope you are doing good. Yesterday, I told you I was going to write about the support activities in another article. You should read part 1 first before reading this article. Support activities include the firm's infrastructure, human resource management, technology development and procurement. These activities will be discussed below.

Firm's infrastructure
These are the systems that support the daily activities of your company. It supports the capabilities of your company. Information system can  be used to enhance the budget of the company, manage finances efficiently and effectively so as to gain a competitive advantage.

Human resource management
This has to do with employing the right individuals, giving them the best training to enhance your services, motivating them appropriately and any other activities that will help secure the loyalty of your staff as well as get them to provide excellent services All of this will help create a competitive advantage for your company. Information system can be used to make appraisals, recruitment and training to be more efficient.

Technology development
This has to do with the equipment used by the company. It also has to do with the hardware, software and  technical knowledge the firm uses to convert raw materials into finished goods. Information system can be used to improve the processes used by your company.

Procurement
This has to do with acquiring resources and inventories for your company. Information system can be used to let you know when to order for inventories.

Thank you for reading this article. Keep checking my blog regularly, cheers!

Monday, 21 November 2016

Value chain and information system: part 1

Hello readers, hope your weekend was good. Porter's value chain will be used to let you know the advantages an information system can provide you with. Hope you will gain a thing or two

 According to investopedia.com, "value chain is a high level model developed by Michael Porter used to describe the process by which businesses receive raw materials, add value to the raw materials through various processes to create a finished good and then sell that end product to customers". Porter divided the value chain into two different activities which are the primary and support activities. The primary activities will be discussed in this article while the support activities will be discussed in the part 2 of this article. Here are the primary activities.

Inbound logistics
This has to do with buying, storing and the distribution of stocks. Information system can help control your stocks, ensuring that the right quantity  of stocks are ordered for at the right time. It can also make internal distribution more efficient.

Operations
This has to do with transforming raw-material into finished goods. The information system can be used to monitor the performance of all operational activities.

Outbound logistics
This has to do with making your products available to customers. Information system can be used to help you collate data about your customers which can be used for marketing purposes.

Marketing and Sales
This has to do with convincing individuals to purchase your product instead of the competitor's. Information system can be used to let you know the purchasing pattern of your customers which can be used to make your promotion more efficient and effective.

Services
This has to do with providing services to customers after the goods has been sold, as it will help maintain the value of your products. Information system can enhance the speed of your services.

That is all for today, thank you for reading this article. Keep checking out my blog regularly, cheers!


Friday, 18 November 2016

4 Go-Kart tracks that you could visit

Hello readers, today I will be writing about go-kart tracks that you could visit. I have carried out a researh for you. Here they are:

Dubai Autodrome
It is located in Dubai, United Arab Emirates. Its kartdrome offers indoor and outdoor forms of go-karting. The kartdrome is designed to ensure high safety for individuals aged 7 and above

Kart Kountry
It is located in Kentucky, USA. Kart kountry offers product for ages starting from 5. They have different karts that suit different ages and level of experience. The thunderbolt is the biggest and fastest one they have, you must be 16 or above and you must have a valid driver's license or permit to drive it. It has other karts that does not require a valid driver's license to drive them. Kiddies kart which is the one for children aged 5 to 7  has special tracks.

Orlando Kart Center
It has an outdoor kart track, they have karts for individuals that are 5 feet tall and above. You do not need a license to drive the karts.

The tracks
This track is located in Missouri, USA. There tracks are designed for both adults and children. It offers karts for different level of experience as well. It was designed in such a way to make families have fun.



Thursday, 17 November 2016

The use of electronic marketing: a tuition centre

Hello readers, I will be writing about electronic marketing. Electronic marketing also known as internet marketing is defined as a marketing process done via the internet. It provide companies with new opportunities that are not readily available using traditional marketing. The marketing mix will be used to discuss the opportunities it provides to a tuition centre.

Product
Electronic marketing will allow customers to see sample of the books the tuition centre sells before they buy them. As such, the quality of the books can be assessed before they are bought. This will increase sales if the books it sells are of high quality. Webcast of previous classes could be made available on their websites. This will give potential students an idea of what their classes will be like. E-marketing can also enable the tuition centre to provide online classes.

Price
Electronic marketing will enable potential student to compare prices offered by the tuition centre with prices competitors offer. A tuition centre that offers competitive prices will attract more student. It is also easier to change prices when using E-marketing as compared with traditional marketing.

Promotion
It will make information easily available since students and potential students can always check for information using the internet. E-marketing can also enable the tuition centre to build up links from other websites thus creating more exposure for it. Such links will increase it search engine ranks which will also improve the visibility of the tuition centre.

Place
Electronic marketing will also make their products available globally. Thus, the tuition centre will have more students. It will help the tuition centre grow.

Thank you for reading this article. Keep checking out my blog regularly, cheers!


Wednesday, 16 November 2016

How to write your mission statement

Hello readers, I will be writing about how to create a mission statement. A mission statement is just as important as your business plan. Your mission statement must portray your business strategy. It should let your stakeholders know what your business is all about.

Your mission statement must let individuals that read it to know about what you do, how you do it, individuals you do it for and what value you will be adding by creating your products.

When writing your mission statement you should set enough time. A day should be set aside to write your mission statement. You should get contributions from individuals working with you, this will help your mission statement come out better.

An example of a good mission statement is as follows: Foodco is a company that is into the production of cereal. Its mission is to provide high quality, rightly priced cereal for any individual above 3 years which will keep them healthy and active. The cereal would be made available for sale in grocery stores for our customer.

Thank you for reading this article, keep checking out my blog regularly, cheers!

Monday, 14 November 2016

Different management styles

Hello readers, today I will be writing about 4 management styles which include the autocratic,the consultative, persuasive and the democratic style of management.

Autocratic style of management
A manager that uses this style of management makes all the decision for the team without expecting any debate from the subordinates. He/She controls the actions of the team. This management style is good if the staff are lowly skilled or when the business requires minimal errors. However, when staff are highly skilled this style of management demotivates them as they will want their opinion to matter when decisions are being made

Consultative style of management
Managers that adopt this style of management make all the decision just like the way managers that use the autocratic management style do. However, they care about what their subordinate have to contribute. They also care about the effect their decision have on their subordinates. The manager may not take the advise of the subordinates but he/she listens to what they have to say.

Persuasive style of management
Managers that uses the persuasive style of management makes all the decisions just like the managers that use the previous management styles I mentioned above. However, the manager spends time convincing subordinates that the decision made is a good one by carrying out duties with subordinates and letting them know the benefit of the decision.

Democratic style of management
Managers that adopts this style of management allow subordinates to vote when decisions need to be made. Decisions with the highest votes is adopted. This style of management proves to be adverse at times when the best decision is bypassed because the team did not vote for it. This style of management will be effective when all team members are highly skilled.

Thank you for reading this article. Keep checking out my blog regularly.

Friday, 11 November 2016

4 affordable accommodations in Dublin

Hello readers, today I will writing about 4 affordable accommodations you can stay in whenever you travel to Dublin. Dublin is a beautiful city, here they are:

Avoca Lodge
The rooms in this accommodation are fully air conditioned and they come with a flat screen TV. You can view a garden or the city from some rooms. The rooms are also ensuite. You can get rooms that are priced for as low as $53 per night in this accommodation.

City Studio &Apartment
This accommodation is a good one, it is a walking distance from Croke park. It has various studios and apartments. Some units have a seating and dinning area.. A kitchen fitted with microwave is also available in some units. You can get rooms that are priced for as low as $54 per night in this accommodation.


Clifden House
This house is located in Dublin city centre. Breakfast is made available to customers every morning but you will have to pay for it. The rooms come with free wifi and a TV. You can get rooms that are priced for as low as $53 per night in this accommodation.


My place Dublin hotel
This is one affordable hotel in Dublin city centre. The rooms come with a satellite TV,a work desk and a telephone. The hotel helps customers store their luggage.You can get rooms that are priced for as low as $52 per night in this accommodation.




Wednesday, 9 November 2016

Strategic alliance: An introduction

Hello readers, today I will be writing about strategic alliance. Strategic alliance is a situation whereby two or more companies share resources and activities in order to pursue agreed upon objectives.

The alliance is formed to meet a short-term goal or a long-term goal or both. This will depend on the needs of the companies involved. The responsibility of each company must be clearly stated. A strategic alliance may be a formal or an informal agreement. Strategic alliance has its advantages, some of it will be discussed below.

It enables a business to enter a new market without the high cost of acquiring a local company. It saves the business money. It also allows each company to remain independent. Each company is allowed to maintain its corporate culture.

It also enables the company involved to take advantages of opportunities at a faster rate. Additional knowledge is gained by each company involved as they will both provide each other with knowledge. 

Thank you for reading my article. Keep checking out my blog regularly, cheers!

Tuesday, 8 November 2016

It is about benchmarking

Hello readers, I will be talking about benchmarking in this article. Benchmarking can be defined as a situation where a company compares its processes and performances to the industry best or best practices of a company or with the best department. Benchmarking can be carried out in different number of ways.

Best in class benchmarking
This is a situation where a company compares the departments within their business with similar departments within the best external company. This will motivate managers to carry out actions that will help their company match the best-in-class performance.

Competitive benchmarking
This is a situation whereby a company collects information about direct competitors in order to compare their processes and results with theirs; with an aim to follow the steps of the best practice.

Historical benchmarking
This is a situation where a company compares its present performance with its past performance. This way of benchmarking can make a company feel too comfortable at the expense of its performance since the company will only be comparing its present performance with its past. It best to compare performances with that of competitors.

Internal benchmarking
This is a situation whereby a company compares the performance of one department with another department within the same organisation. A department that performs well in the group can be used as an example of best practice.

Thank you for reading this article. Keep checking out my blog regularly.


Advantages of Ecommerce

Hello readers, I will be telling you about  the advantages of e-commerce. E-commerce is the buying and selling of products via the internet. Here are the advantages:

Attract new customers
It will help you attract new customers as you can reach both the national and international market through the internet. Search engines can also make your website available to customers, even though the customer might never have heard of your business. It is easier to locate more customers when you are into e-commerce

Reduces cost
When you sell your goods online, you will save on the cost of having a retail outlet. The cost of setting up a website to sell your goods is extremely low when compared to owning several retail outlets. It saves you cost.

Getting to know your customers better
It allows you to study the buying habits of your customers, since everything will be done via the internet so you can easily collect the data about your customers and convert them into information. Thus, you will be able to create strategies that will meet the needs of your customers.

Increases sales
Since customers can make orders from the comfort of their apartments and have it delivered to their doorsteps. It will motivate them to buy from you, since they will not have to spend time on going to a place where purchases can be made. It helps them save on travelling time and travelling cost.

Thank you for reading this article. Keep checking my blog regularly, cheers!

Friday, 4 November 2016

4 companies to work for in Nigeria

Hello readers, today I  will be telling you about 4 companies you could work for that you will feel contented with. I have done my research for you. Here they are:


Google
This is a company to work for in Nigeria, it has an office in Nigeria. They have over 70 offices in over 40 countries. As at 2015, it had 57,100 employees.  Products  it provides include online advertising, cloud computing, software and others. Their offices are designed to encourage interaction between staff where they can talk about work and play.

Insight Communications Limited
It is one of the largest advertising agency in Nigeria, services they provide include brand development, public relationship advisory, media planning, direct planning and others.

Nigeria Bottling Company PLC
This is one of the biggest companies when it comes to producing non-alcoholic beverages in Nigeria. They provide quality non-alcoholic brands, serving approximately 160 million individuals. It demonstrates leadership in corporate social responsibility.

Sahara Group
This conglomerate was established in 1996. It is a leading privately owned power, energy, gas and infrastructure multinational. It operates in the downstream, midstream, upstream, infrastructure and power sectors. It has over 600 employees. Employees are encouraged to enjoy their work  at Sahara group






Wednesday, 2 November 2016

The benefits of promoting your staff

Hello readers, today I will be telling you about promoting your staff. Your staff are valuable to your business, as you need them to execute the day to day activities of your business, so promoting them on a timely basis will make them feel appreciated and it will motivate them to put in their best. Promotion enhances motivation, so do promote your staff  when they are due for promotion.


You need the loyalty of your staff. To ensure that your staff stays loyal to you, you should promote them when they are due for promotion. As not promoting them could make highly talented individuals stop being loyal to your company, thus making them look for another company to work for. You do not want to lose your highly talented staff to another company.



It is cheaper to promote staff from within than to employ a new person to take up a position within your organisation. You have to pay the cost of advertising as well as the cost of training the staff. It also takes time in terms of assessment processes. It could take months for the person or people hired to get used to the system, thus reducing productivity within your organisation. You do not want to slow down productivity.



Promoting your staff also serves as an incentive to ensure innovation within your business. It also encourages staff to what to develop themselves. It also reduces discontentment amongst staff as it keeps the staff interested in the job.



Thank you for reading this article. Keep checking out my blog regularly, cheers!

Tuesday, 1 November 2016

The balance scorecard: an introduction

Hello readers, today I will be writing about the balance scorecard. The balance scorecard helps measure business performances. It looks at  4 different perspective of the business, they are the financial perspective, the customer perspective, the learning and growth perspective and the internal perspective.

The financial perspective looks at financial data such as sales revenue, cost and income to understand the financial performance of the business. Customer perspective measures the degree of success in satisfying customers. The quality and price can be used to determine customer satisfaction; feedback are also gotten from customers to know if their needs are being met.

Learning and growth perspective sees how business responds to changing circumstances. It looks at how employees are being trained, and how they use the knowledge obtained to create a competitive advantage for the company. The internal perspective looks at how efficient the business systems and procedures are; if goods are being manufactured well.

The balance scorecard can be used to achieve the goals of your business. It has its root in 8 different objectives which are a balance between short range and long range objectives, employee attitude, market share, personnel development, product leadership, productivity, profitability and public responsibility.

Thank you for reading this article. Keep checking out my blog regularly. Cheers!

Thursday, 27 October 2016

5 richest states in USA

Hello readers, today I will be telling you about the 5  richest states in USA. I have done my research for you. All the figures provided were gotten from a survey that used the data that were obtained at the end of 2015. Here are the richest states:

Connecticut
This state is located in the northeastern US. It is one of the richest states based on a survey carried out by the end of 2015. Its median household income is $71,346. The population of the state is 3,590,886. Its unemployment rate is 5.6%.

New Jersey
This state is located in the northeastern and mid-Atlantic parts of the United States. It is the 11th most populated area with 8,958,013 individuals living in the state. It has a median household income of $72,222. Its unemployment rate is also 5.6%. 

Alaska
This is a state that is located in the northwest of the Americas. It is the largest state in USA by area. There are 738,432 individuals living in the state. It is the 3rd least populous state. It has a median household income of $73,355. Its unemployment rate is 6.5%.

Hawaii
This is the newest state in USA, it gained statehood on the 21st of August, 1959. It is located in Oceania and it is the only state located there. It has a median household income of $73,486. Its unemployment rate is 3.6% (the 6th lowest when compared with other states).

Maryland
This state is located in the Mid-Atlantic region of the United States. It has a median household income of $75,847. It is the 19th most populous state in USA with a population of 6,006,041. Its unemployment rate is 5.2%.





Wednesday, 26 October 2016

Success factors for your restaurant

Hello readers, I hope your week has been good so far, today I will be telling you about the success factors for your restaurants. Here they are:


Products
Your menu and quality of food will go a long way in helping you achieve business success. When the menu of your food is unique and the quality of your food is good, you will get a lot of customers. A good chef and good quality ingredients will help make the quality of your food good.


Price
The quality of your food and services provided must be in alignment with the price of the food. You should provide value for money. Value for money will help you compete better. You will have to control your cost appropriately so as to be able to achieve this goal.


People
The customer service provided must be good. The way your staff members make customers feel will contribute to the success of your restaurant. Your staff members should be trained to be nice to customers. When customers feel good about your service then they will keep coming back.

Place
Your restaurant must be located in a place that is easily accessible to customers. A busy street is one area you can locate your restaurants so that distance would not discourage customers from coming over to the restaurant

Physical evidence
The ambiance of the restaurants will also contribute to the success of the business. The way the restaurant is decorated will influence customers to keep coming back. The design and furnishing of the restaurant can be used to differentiate your products.

Promotion
You should keep creating awareness about your restaurant, tell more individuals about it through advertisements. For example you could share flyers or advertise on the radio or television. It will depend on the amount of capital you have. You could also share free samples of your food on a busy street.

That is all for today, thank you for reading this article. Keep checking out my blog regularly

Tuesday, 25 October 2016

Division of Labour

Hello readers, today I will be writing about the division of labour. Division of labour is a situation where production processes are divided into parts and these parts are assigned to individuals. These individuals only assume parts that have been given to them to undertake. Benefits of making workers do only one tasks include efficiency. They are able to do their jobs faster. 

Jobs are assigned to employees based on their skill and experience. As the employee repeats the task he or she becomes an expert at it. As a result of division of labour the quality of the work the individual does improves. It contributes to the success of your business.

Division of labour encourages the production in large scale quantities which helps to reduce the cost of production which eventually adds to the success of the organisation. It also encourages workers to come up with better ways of carrying out their part, thus increases invention.

However, some individuals believe that  division of labour could make workers feel bored as they will be repeating the same task. Karl Marx is of the opinion that repeating the same tasks continuously  will lead to employees being disassociated from their job. 

That is all for today. thank you for reading this article, Keep checking my blog regularly.Cheers!

Monday, 24 October 2016

Tangible assets and intangible assets

Hello readers, today I will be writing about tangible assets and intangible assets. Tangible assets are physical by nature. You can touch them. Example of tangible assets are Land, equipment, machinery and others. These assets are used by company to carry out daily activities. Tangible could become damaged as a result of an accident. Tangible assets depreciates in value. It is easier to sell them when compared with intangible assets

There are two types of tangible assets which are the non-current assets and the current assets. Current assets are assets that are coverted into cash by the end of one year. Non-current asset are long term by nature. They are not converted into cash within one year. However, they can be liquidated when the company needs money. The non current assets are normally not expected to be sold.

Intangible assets on the other hand cannot be seen or touched. They are invisible. Example of intangible assets include copyright, patent, business logo and others. Intangible assets are amortized unlike tangible assets which are depreciated.

Intangible assets are not so easy to convert into cash. Valuation of this type of asset is not easy. They can be higher in value when compared to intangible assets. That is all for today.  Thank you for reading this article. Keep checking out my blog regularly. Cheers!


Friday, 21 October 2016

How to get rid of pride

Hello readers, today I will be telling you about how to eliminate pride. 

1. Believe in the oneness of Allah

2. Pray 5 times daily and ask Allah to help cleanse your heart from pride. You submit yourself in humility to Allah when praying

3. Giving out zakat and sadaqah is another way your heart can be cleansed of pride

4. Fasting during the month of Ramadan and fasting 3 times every month  will also strengthen you spiritually

5. Go for Pilgmrage if your physically and financially capable

6. Be always thankful.

Thursday, 20 October 2016

Playgrounds for families (Germany)

Hello readers, today I will be telling you about places you can visit with your family. All work and no play makes Jack a dull boy. Its best you do something fun every week. I have done my research for you , here they are:

Aquadom and Sealife
This is a place where kids and adults can explore the submarine world. You get to have a breathtaking  ride through the Aquarium. They carry out a demonstration of feeding animals, They are opened between 10 am and 7 pm, however, the latest time for entry is 6 pm. It is located in Berlin. Prices start from €10.90.

Holiday Park
This park is meant  for the family, as it has family rides,  thrill rides, child rides and water rides. It is best you choose rides you will be comfortable with meaning you are sure you can handle it. It is located in HaBloch. It is one of the most popular theme parks in Germany. Individuals ticket <85cm are free, however, the priced tickets start from €9.99.  

Jaderpark
It is a park for adventures, as it has a zoo, an amusement park and a place for children to play. They are opened during the summer from 9am till 6pm everyday. Opening time for other seasons was not mentioned. Prices for children (3-12 years) is €15.50, over 13 years individuals pay €17.50. It is for both adults and children. It is located in Jade.

Tucherland
It is an amusement park that is meant for the whole family. It has play areas that are indoor and outdoor. It is located in Nurnberg. They are opened between 2 pm to 7pm on Monday - Friday. They are also opened from 10am to 7pm on weekends and holidays. It is free for children under 2 years. Priced ticket starts from €4.50. 

Thank you for reading this article, keep checking out my blog regularly cheers.

Wednesday, 19 October 2016

Outsourcing an aspect of your business

Hello readers, today I will be telling you about outsourcing. Outsourcing is a situation whereby a company gives another company a portion of their work to  execute on their behalf. The benefits of outsourcing include:

Cheaper Cost
Outsourcing helps your company to reduce cost, the capital being saved will help your company execute other business transaction which will in turn make your company more attractive to investors.

Attend to core area
When you outsource an aspect of your business it helps you focus on the core areas of your business as you have free energy and time to work on those business task.

Increased efficiency
When you outsource that aspect of your business. You are giving it to an expert to help you execute the task. Since they are expert then it is most likely they will do the job better than you do, thus it will increase productivity and efficiency.

Reduced Risk
The risk your company faces such as risk from the government or your business market. If you outsource a particular business area, the experts you outsourced that  area to will be able to forecast the risk associated with the area you have outsourced to them (since they are experts), thus they will put control in place to reduce the risk or eliminate the risk.