There has always been the popular misconception that the economy of a country depends on who is sitting on top, or in other words, the president. As an economist and business owner, I can say it is only partly true. I have always believed that the success of a group does not only depend entirely [...]
1. ALL MEN ARE CREATED EQUAL, in the beginning. It is your values and character that will create the inequality, that can either get you ahead or be a laggard. 2. TRANSCEND the limitations presented to you. We are only given 24 hours per day. However, the mind and heart are more powerful than any [...]
Here’s something that very few people ever pick up on early in their entrepreneurial pursuits: business isn’t binary. It isn’t a world where it is either unpredictable and uncertain or solid and reliable. Sometimes this lesson is imparted through experience, but there are also instances when even experienced CEOs and executives fail to realize it. [...]
Congratulations! You’ve finally taken the entrepreneurial plunge and decided to start your own venture. You’ve walked the mountains of paperwork, and sweet-talked your way to investor funding. You’ve just flipped the “Open for business” sign, and you can’t wait for your first quarterly profit to roll in. However, all that elation can only last for [...]
Most businessmen have the habit of going to lenders for the money they need for their business. This is how most ventures are funded nowadays. There are only a small number of entrepreneurs who manage to start a business without taking on loans from banks. There’s nothing wrong with borrowing money. But before you enter [...]
As the owner of your business, it’s normal for you to face challenges related to business operations. Some of the most common problems are those related to finance. They are considered critical problems as any financial problem could cause the failure of your business. You may not know it, but you might already be making [...]
Jim Rohn, an American writer once said that “Discipline is the bridge between goals and accomplishment.” This is very much true because without it, a dream will just be a dream. Discipline is what enables a person to do things in a very orderly manner making sure all the details are taken into consideration. In business, aside [...]
As a businessman, one of the things that you’ll do is negotiate deals. The most favorable outcome of a negotiation is to get all the things that you want. Getting some of them can still be good, however surrendering to the will of the other party is the outcome every negotiator should try to avoid. [...]
International travel can be some of the best of your career; not only do you have the opportunity to expand your business, but you get the opportunity to visit a new place with culture totally different from your own. It’s also difficult. Getting past that culture, and the language barrier that sometimes comes with it, [...]
The most common response to this would cause many tech-savvy business owners to have problems. The idea itself is sound. Store all of the data and functionality in a central location, make it accessible through a network, create an interface that allows people to make alterations or additions over that network and sit back as [...]