This blog aims at equipping individuals with business and finance tools in simplistic terms. It convers both business finance and personal finance. It also looks at the actions that can help you run a business successfully. It has some juicy flavour in it. It also aims at getting individuals closer to Allah (SWT) Enjoy!
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5 Industries to invest in
Image courtesy of Salvatore Vuono at FreeDigitalPhotos.net
Hello readers, today, I decided to give you a list of industries you can invest in. These industries are profitable as such you can start a business or buy the shares (halal) of companies that exist in the industry.
1. Healthcare Industy
This is one of the largest and growing industries in the world and it takes at least 10% of the GDP (Gross Domestic Products) of most developed nations. The industry had a net profit margin of over 18% in USA (2015).
2. Finance Industry
This industry is also a very good one for investment. Everyone deals with money. The industry had a net profit margin of over 16% in USA (2015). However, your products should be halal
3. Transportation Industry
Individuals always move about, thus it is a good industry to invest in. The industry had a net profit margin of over 8% in USA (2015).
4. Communication Industry
This industry is also a good one, individuals always communicate either from one city to another or from one continent to another. Thus the business is a lucrative one. The industry had a net profit margin of over 6% in USA (2015).
5. Retail Industry
This is another industry that is profitable and growing. The industry had a net profit margin of over 3% in USA (2015).
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…
Hello readers, it has been a while. Hope you did not miss me much, the good news is I am back now. Today, I will be writing about competence. Competence is the ability that enables a company or an individual to deploy its resources effectively. It is neccessary for a company to have a competence target in all its business activities so as to deliver value to its customers. This will help create a competitive advantage for the company. Competencies must provide value to customers. It must be unique or able to develop greatly or be better than that of competitors. New products and services must be able to be developed as a result of the competence. It must be difficult for other competitors to obtain or imitate. Continually producing high quality products can make a company become a market leader (which is a core competence) as it provides a company with a competitive advantage. With high quality, higher prices can be demanded by the company from customers and the company will also be able…