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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Empowering yourself, leading to financial stability
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Hello readers, do you know the most financially successful individuals are business entrepreneurs. Some nations are not as financially buoyant as others, as such as unemployment rate differs in different nations. Some individuals see unemployment as a problem; rather than seeing it as a problem why not look at it as an opportunity to start your own business. No business is built overnight, however, you can start yours. If you belief that you will start a business and be successful at it then you will, however, if you belief the opposite will come to past then it will.
Before you dabble into any business you must understand it, do not go into a business that you do not understand. Take time to understand it, and it must be something you find your passion in, so you can enjoy business tasks when they occur. Some individuals might find unemployment demotivating and may start to question their own abilities but I may have to tell you that Jack Ma went for an interview with 23 others and everyone of them got employed except him, today he owns Alibaba. Do not just sit down there and start feeling bad, your unemployment could be an opportunity to do greater things. After figuring what business you find your passion in and understanding the business, draw up a business plan.
The next challenge will be to raise capital for your business, these articles I wrote previously could guide you.
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…