Businesstimer

There are two kinds of people when it comes to business establishment. The people that are ready to start business and are qualified, having nothing holding them back, and those that withdraw from doing so. For those who are qualified and motivated, nothing stops them from starting business. That is why do not be surprised to discover a business registered to their names, after you have discussed business with them and heard them indicate interest. For those that are motivated, desirous, appealed by the benefits of business, to want to start one, but have a reason not to venture, they may not establish one. Business being lucrative not only to the starter but to the public, is encouraged. And so those who have a reason for holding back, would want help. How can we help those ones to achieve their goal? For such ones the reason they hold back, may be due to fear of failure. They fear lest they fail, so they hold back. It is true that business is one route that many have plied and succee...

                          DEFINITION   Business resources simply means those things that you need for the efficient running of a business. The resources must be organized by a manager to achieve the defined objective of the organization.  Businesses differs, from one to the other in many ways. So there resources would vary. But when we observe businesses, we would find many similarities in their resources. In other words, there are common resources that businesses generally share. It is important to know them. And we want to consider them. Generally the following are the resources of any business, irrespective of it's size, location, niche, owner and date of formation.                                               HUMAN RESOURCES  By definition this kind of resources refers to the pers...

                    1. DEFINE THE CAPITAL   The capital you will use to start a business would vary from the one you will use to start another. Different business requires different capital to start. Business vary in size, structure and operation, and thus requires different capital to establish. The capital you will use to start a small photography business differs from the one you will use to start a large business like a production company.  You need to have in mind how much capital you will need to start the particular business you have in mind. This is important so that you will have a target. When you are certain as to capital you will now work towards realizing it. You will reflect your targeted capital on your business plan. Then work towards securement of it. But if you have no specific amount in mind, then you lack target. When you start sourcing for capital you may not realize much as you require. You c...

1. NEVER REFRAIN FROM ADVERTISING  Physicians are those in position to prescribe treatments and drugs. They possess experience, knowledge and skills on healing. We consider them to be reliable sources of medical guidance. When we follow their guidance we usually achieve good health. Due to their record of good management of health, we trust them. We do not doubt their ability to manage our health. So, when they prescribe a drug we know it would be efficacious. Likewise are business experts, scholars and owners authorities on the field of business. They possess knowledge, skill and experience. Throughout history they have demonstrated that they have depth of knowledge and skills and wisdom. Wh,,v at they teach always reconciles with facts. The steps they prefer always helps us achieve success in business. So, we trust them. We consider them reliable source of guidance. When we want to draw advice on what to do to excel we consult them.  One thing they have prescribed to be an e...

                     1. ESTABLISH AN IDEA Business establishment is a project you want to achieve. That you want to achieve it, implies that you have developed the desire or passion to pursue business. This is important, for only if you want to commit to the pursuit of business can you. Business establishment and management requires steps and sacrifices. Only if you are determined can you be willing to make them. If you are not passionate, there is no way that you can give your best to the management of your business. Efficient management can be done by only one that is passionate about business. It is the key to success in business. Success in business sometimes is dependent on how you remote your business. So, if you cannot be a good manager due to lack of passion you are bound to fail.  Having determined to establish business, you would want to know how to go about this concern. But just what kind of project can we liken thi...

     1. LACK OF BUSINESS IDEAS   We all know that a business has to have a niche, it has to specialize or d,v ,eal with something. However sometimes some people are capable of running business because they have the capital, but they just don't know which business to run. They lack ideas as to what business to really pursue.                      WHY IT IS BAD There is no way that you can start a business if you do not know what business to pursue. Business is like a building having any types. The person intending to build has to define the kind of building he wants to pursue. Then he would take thhe process required to build it. Likewise not being able to come up with a defined or specific type of business to pursue makes it impossible to establish one. Having an idea, would let you to develop your business into a certain mold or shape. A business idea is like a building plan, which you would give to a contractor ...