Work is serious business. It’s your avocation and your livelihood and you can’t afford to take it lightly. Most people start businesses in areas for their interest so they usually enjoy their work. Everyone talks about how important being involved and passionate is to the success of your business. But there’s another element that many ignore. That’s having fun.
A small business, in fact any business, is like a child. It needs to grow. If it doesn’t, something is wrong with it and it’s future prospects are dim. Anyone who has started a business wants it to prosper and grow. The problem lies in the fact that most of us think that if our income increases, the business is…read more →
Let’s get one thing clear. Growth is not diversification. Growth is developing your current business so that it increases in size. Diversification is doing something new. Lets look at why, when and how you should plan your diversification.
Business growth does not happen by itself. It needs to be planned, guided and nurtured or else it will lose its way and wander off into a swamp of uncertainties and get sucked into the quicksand of unfocused objectives. Your business needs to keep growing. An increase in your sales due to the quality of your products and selling technique…read more →
Many years ago SWOT (Strengths, weaknesses, Opportunities and Threats) was a hot buzzword in Business circles. Like all buzzwords, it has been replaced with newer phrases. But its validity as a business toll remains. Its effectiveness as a tool for the businessman to analyze himself is in unparalleled. That is called a Self SWOT.