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Showing posts from August, 2015

How to have a competitive edge in business

You can gain a competitive edge in business by always reacting to changes quickly, by being innovative. For your business to be able to react to changes quickly, you have to be able to anticipate the change and secondly you have to be very fast at responding to changes. Forecast of how changes might occur in the market in which your business operates in could be gotten by studying past information, however market forecasts are less effective. Information from customers and suppliers are most effective. The way your business responds to changes (such as changes in taste of your customers, changes in the financial capability of your customers and others) has a great impact on your market share. If it takes your company 4 weeks to respond to a change in the market and it takes the next company 3 months or more you will gain a competitive edge cause customers will come to you first and their loyalty can be secured that way.
Another way your business can stay competitive is by being and rem…

5 products to sell online

5. Beauty
It is of human nature to take good care of the body, selling safe beauty products will be a good way to make money online.

4. Photography
Most individuals need an image to promote their products. The capital required to start this business is minimal as you will basically need to buy a camera. Photography involves creativity. So it is suited for creative people.
3. Customized T-shirts Clothes are one of the basic needs of individuals, if you are creative or you think you can be creative explore it.
2. Music Everyone likes to listen to music but individuals could have different taste in music. A collection of various types of music for sale will yield profits.
1. Knowledge Everyone needs knowledge in order to develop their skills. So if you have got the knowledge then you can always sell it online.

Developing Skills for Networking

Networking is crucial to the development of any business. It is great for expanding your knowledge as well as creating business opportunities for your business via your products. Today I am going to sharing tips on developing such skill. The first step is to find your individuals that might be interested in your products. You will have to make a list of everyone you can think of. This list will include your family, your friends, your acquaintances. The friends of your family members or friends.  You will always need to expand your list. You can attend events to meet new people. After the list has been composed, then you will have to invite them so that they can understand your products. While trying to get people to understand your products you must remember that not everyone will be interested in your products. Always be yourself when promoting your products. You should be enthusiastic when promoting your products.
You could tell individuals about your products using different approac…

How to differentiate your products

Products are goods or services provided by a business in exchange for money. A business can either apply a low cost strategy or a differentiation strategy. However, some other companies apply both strategy. I am going to write about the differentiation strategy today. The question is how do you differentiate your products successfully. Differentiating a product is all about making it unique, as such some attributes of your products cannot be obtained anywhere else. A product can be differentiated by providing complementary services for example a business that sells make up products can offer to give their customers free facials once or twice. A business that sells technological products cam also offer free repair services as a form of differentiation. The performance and features can also be used to differentiate the products, the location of your business can also be a form of differentiation, like can customers have easier assess to your products when compared to other companies, th…

Self Respect versus Pride

Self respect is a feeling of self worth, your self worth should always come from within. Humans shall treat other fellow human nicely but not carry out actions to please them. The desire to please other humans (they are humans like you) can only lead to destruction. Just make sure you do the right things. An individual must have self respect, thus no one can treat you badly without your permission as such you should always stand up for yourself. Self respect is knowing you are worth something, and your self worth should come from within. 
Pride which is arrogance comes before the destruction of man, this is having a feeling that you are better than everyone else. You might possess some excellent skills but it does not make you better than everyone else. All of those skills are blessings from Allah. Everyone needs help at one time or the other, when you do need help feel free to ask others for it. Be willing to help others if it is within your capacity. Pride only brings about discomfor…

Dealing with financial challenges

For a challenge to not become so difficult to tackle you must deal with it as it arises. For example you owe creditors money, find a way to make that payment immediately before they charge you for late payments. When faced with an unexpected bill, if you find it overwhelming then go and read my article on emotional health. The first step is to write out a realistic plan on how you are going to raise the money. Probably look for another source of income. Make sure you stick to the plan.

A financial challenge could be an inability to pay bills, this could be prevented by living below your means. Make sure you create a monthly budget so you know how you will spend your money so that you do not end up spending the money for your bills on something else. For some sticking to a budget comes naturally and for some they find it hard to stick to a budget. For those that find it hard to stick to a budget, my advise to you will be to have a daily budget and once you are able to stick to the budge…

Important Success Factors in Business

In business you must always identify the main success factors in the industry you operate in, of-course, by identifying them and taking them into consideration it will help your business succeed. Various industries have different success factors, however, in order for any business to survive, owners must determine what customers want and determine what the business needs to do to stay competitive. So how do you determine what your customers want?  You first have to know who your customers are. For example are they students or working class individuals. You will have to make an enquiry about their needs and then you make enquiries about how they make a choice between similar products. This achieved via a focus group or questionnaires. Once the preferences of your potential customers have been identified, then the factors that can help your business stay profitable can be identified. For example, in the cement industry if customers buy products based on quality and cost efficiency then …

Your business life should not be your life!

Your business or career shouldn't be your life, you can balance it all. Have time for your family, friends and business. I can remember I came across a mail which passed a message "if you fill a cup with sand first you wont be able put stones in it but if you put stones in it first then you will pour sand in it as well". The sand represents business and the stones represents family and friends. I agree with it totally.  Make sure you always have time for your family first and then your friends before your business. A successful business could bring you fulfillment no doubt but obviously you will want to share the success with your loved ones wouldn't you. They are the joy in your life. While you must treat everyone with respect whether younger or older you must pick your friends wisely, you should associate yourself with people that promotes positivity.
Some women put their careers first before their husbands but I will tell you, you are wrong. They refuse to take the…

Excellent Strategies for Businesses in a Declining Industries

Hello! It is common knowledge that some industries are declining, if your business happens to be in a declining industry, this are the strategies you should apply
* You can go after a market segment (niche) in the industry. A niche that you know will offer stability  and you know other firms will not invade. Then dominate the niche.
*Dominate the industry, this can be achieved by acquiring competitors and motivating them to exit the industry. Once a dominant role is achieved , greater profit will be enjoyed.
*An harvesting strategy could be applied, a situation where you avoid any additional investments and maximize income from existing assets.  this could be done by raising prices of products (goods and services) and reducing costs. However, the harvesting strategy may be challenging because it could lead to a strong competition which could cause your business adverse results, it could also demotivate your employees if they realise the business is operating in a way that portrays no lon…

Benefits of the Amazon Kindle

Kindle, 6" Glare-Free Touchscreen Display, Wi-Fi - Includes Special Offers ">

Information they say is power, a simple information can help you make millions, can help you achieve financial growth, can help you make better decisions generally in life and how do people get information? the best way to get information is via information technology systems. A kindle is an electronic reader that was released by amazon. It allows you to download books or get blog articles, magazines, newspapers and others. It is portable and it can store more than 3500 books, meaning you do not have to carry books or magazines about you have them on your suave kindle and they are books, magazines name it are even cheaper on kindle. You can get it for as low as £59.99. Click the link above to buy one now
This blog is available on kindle so you can subscribe, it only cost £0.99 per month. When you subscribe to a blog via kindle they are fully downloaded to your kindle so you can read them when you …

How international students should spend money

Today, I decided to write up something for international students. Some students are usually broke, so how can they avoid that. I can remember when I arrived as a student, I had priced a cab and he said £60, I had a somewhat intention of taking the cab when my someone said to me always convert your money to the Nigerian currency first before spending so it could help you with your judgement so I applied that logic all through as a student, you get to save money that way cause you will be buying things similar to prices in your country and yes I did that a lot.
Do not buy branded products, tesco, sainsbury, asda and the likes make products of good quality at cheaper prices buy theirs. Cook your food, eat out once in a while, you can try the cafeteria's food in your university just to have the experience maybe their toast, eggs but the food they have available is not really what you are used to and its a waste of money. That way you don't end up running to your family or friends …

Budgets are like smoothies: Part 2

Today I am going to describe how you should be spending as a family. A family to me is a married couple or married couple with kids. Before couples decide to have children they should have the financial capacity to take care of their children. So you are not only responsible for your mouth only but you are responsible for the mouth of others. Men have be given the role of the head of the house by God, they are normally responsible for the major part of the household bills, however, the women should still help as such how you decide to split the bills will be agreed upon by both parties.
Some couples do have quarrels over money, a woman should be submissive to the will of her husband as long as its not against God's wishes. However, a woman should give her advise with reasons to her husband, he should consider her advise and then make the decision for both of them. All major financial decisions must be made together cause any wrong decision by one party could affect both parties, mi…

Budgets are like smoothies

Budgets are like smoothies (smiles) I can remember I said I was going to let you know what your monthly budget should look like in a previous post, so yup! you are getting it today. Some individuals make a reasonable amount of money on a monthly basis but yet still end being broke before their next pay date and they all put the blame on the bills. I have always said cut your clothes according to your size, you can always manage your money very well and still have fun, yes have fun. I know individuals do not earn the same amount of money, as a result of that I am going to be working with percentages today. I also know that individuals do have different responsibilities so I am going to classify the budgets into two. One for singles and one for a family. Today I am going to focus on the one for singles.
You are single, you are only responsible for feeding your mouth, so this is how you should be spending your income. Pay zakat, which is just 2.5% of your monthly income, then save 28% of …

Motivational techniques to be used in businesses

Motivation is what inspire individuals (employees) to achieve a goal or an objective without the intervention of force. Every business requires employees, they are very important because they will be carrying the day to day activity of a business. Direction, intensity and persistence are the three components of behaviour that has an impact on performance. Direction of behaviour relates to what an individual wishes to do, intensity relates to how much effort an individual  put into achieving a goal and persistence relates to how determined an individual is in achieving a goal in spite of challenges encountered. Motivated employees can contribute to the success of a business . I am going to write about two powerful motivational techniques 
The first one I am going to write about is the herzberg two factor theory. It was proposed by Late Fredrick Herzberg. He placed a lot of emphasis on the importance of the job content and job enrichments. He said people are motivated by what makes them …

Allah is the Greatest

There is absolutely no one like Allah. Some people will blame Him for mishaps in their lives, which is a punishment for a sin you committed which is also a test. When last did you pray? Be rest assured He exists. A fulfilled life can be achieved only through your relationship with Allah.

Saving up Money for University ($4 turning into $26,280)

Having 2 to 4 children is not only good for you financially, it is also good for the general well being of the family. Sometimes, couples have so many children and do not have the financial capacity to cater to their needs. A child is a blessing, so aim at giving your child a beautiful childhood. Any family planning expert would advise you to leave at least 2 years gap between your children. This will not only let you give them the adequate attention they require at that tender age, researchers say anything less than 2 years will increase the risk of having a baby prematurely and underweight. However, it is also good for you financially cause you will have at 2 additional years to save money for university for your second child. Some people might read this and say why don't I leave 10 years between them instead, okay I just exaggerated no one will think that way but I will suggests a maximum of 4 years ,you do not want to be paying school fees when you are 80. Having 2 or more chi…

An Attractive Opportunity: Oil Business

It has been observed that individuals/corporations in the oil industry make a lot of money. But some people get discouraged from entering the industry because og the capital required to start the business because they believe the oil business is basically about drilling or refining oil. They believe they need machinery, oil rigs or they need to build fuel stations. While this is true, the good news I have for you is it is only an aspect of the industry. Have you heard of oil broking before? People in that line of business make a lot of money from it. Oil brokers serve as an intermediary between buyers and sellers of oil, basically you are going to be marketing oil. You do not need to have any previous background in oil and gas to become a successful broker. Most firms that employ oil brokers do not take the type of degree you have into consideration. l am not here today to write about you getting an oil broking job, I am to here to write about you becoming an oil broker as an individu…