My Business Grows Bigger

Aside from the different business plans, approach and strategies in business, a good businessman must also come up with his own objectives or principles when it comes to his own business. Below are some of the business principles that you might find applicable for your business. 1. Treat everyone with caution. In business, there is no permanent friends and enemies, only permanent cycles . Everyone knows this in business world. The person who helped you now might be the same person to give you trouble in the future and at the same time, your greatest rival today might be the best help you can have tomorrow. Everything is a cycle in business world. You have to treat people with caution and make sure that you are in good terms with everyone. Even with your competitors. The way you treat others is the reputation of your business that you are leaving to the public so be careful with how you treat others and keep a good relationship with everyone. 2. Treat everyone more than their ...

“No man is an island” is one of the best quote that actually summarize how is it like to be a successful businessman. Your business basically depends on your good relationship with your workforce, suppliers, consumers even your competitors. Networking is indeed important to any business regardless of the kind of industry. Here are some benefits of a great networking. 1. Referrals. Networking means connecting and interacting with people which leads to good relationship that leads to referrals which means money. That’s why it is very important to have a good relationship to everyone especially for businessmen. Having rifts and unresolved conflicts with people can only narrow your world in business world. Expanding your network means taking care of your reputation. People in the same line of products or service as you have in a network is something that you cannot avoid. Sometimes, your edge is not your brand. People would most likely to recommend or refer someone whom they have in g...

One of the most important elements in business is networking. By definition, networking is simply the act of connecting with people to exchange information and develop relationship for mutual growth. For some people, especially the shy ones, building a strong networking comes as a challenge. I am an introvert myself and connecting with people is something that is not natural for me. However, these few steps in networking has helped me to build a strong networking and connect with other people and organization fast and effectively thus, affiliating becomes easy. 1. Attending events and seminars. If you want to build networking, you really have to make time attending for events. You may start attending events which the attendees have the same interests with you. It’s easier to connect with people you can easily relate too. A simple art exhibit in your town, if you are into paintings and arts, is actually a good start. Once you make friends with people there, you may exchange your co...

A lot of people have been into search for the secret about being wealthy and successful. But the truth is, there is no single path to it. There are many ways to be one and the first step is realizing your dream. You see, you cannot have the same fate by following the steps of the richest person on earth unless, you are good at what you are doing and you love it. In fact, the most successful business men in the world are in different fields and industry. Here is a list of 7 most successful businessmen in the world from different industries and I want you to be inspired and see how their own philosophies about life, dreams, purpose and their attitude about failures have brought them to the peak of success. “ From the beginning, I was trained to work, to save, and to give .” —  John D. Rockefeller 1. John D. Rockefeller Age: 97 (July 8, 1839 – May 23, 1937) He was an American oil industry business magnate, industrialist, and philanthropist. He is widely considered the wea...

Negotiation is one skill that every business man should have. Some people think that negotiation has something to do with luck but the truth is, it can be learned and mastered. With these seven principles and some charisma and sheer of luck, you will definitely win any negotiation you will engage yourself with. 1. Be Your Best Self. And when I say be at yourself means wear the most comfortable and presentable suit you have. You need to give them the impression that you respect your job and so they will take you seriously. Being able to present yourself well is already an edge for you. 2. Listen to them carefully. Do you know that one of the classic way to intimidate people is by listening to them attentively? You have to know exactly what they want so you can upgrade your offer more than they expect. The person who do more of the talking in negotiation already lose it. Just let them talk, pay attention and don’t give out all your cards immediately. 3. Quote twice as much....

Manpower or Human Resources is one of the six business management functions. An effective and efficient human resources or man power management contribute a lot to the business’ success as the business production depends on the workforce. When having a business, dealing with different kinds of people is something you cannot avoid. This the reason why short courses and seminars about handling and dealing with people are available anywhere. Moreover, there are many courses in college that focus on people management because of its necessity in the business world. If you have a business and you are also the one managing your people, its best to know a little background on how to manage people efficiently.  David Clarence McClelland, an American psychologist who became famous because of his work on motivation need theory which is   also known as David McClelland’s Human Motivation Theory, states that people have three motivational needs; achievement, affiliation and po...

Business approach or strategy is one of the six functions in business management. It is also one of the most important functions that dictates the business’ success. Business approach or strategy maybe different for every company depending on the industry and type of business. Although there are many strategies that are available for you, the best business approach to every business is come up with your own tailored-made strategy specifically for the type of business that you have. However, it is not very advisable to mix business strategies unless it is deemed necessary. Business strategies take time and known to be on continuous development for at least three to five years before you see significant progress. Below is a chart of three main business strategies and approach which are cost strategy, differentiated strategy and focus strategy. Let’s start with the first three main business strategies and approach. 1. Cost. It is also known as cost leadership strateg...

Marketing has many kinds of plans and strategies. In fact, when you look on the internet, you’ll find about hundreds and more kinds of marketing plans and strategy. Deciding for the right marketing plans and strategy for your business play a big role for your business’ success. While I’ve discussed the two basics of marketing plans B2B (business to business) and B2C (business to consumers) on the previous article, here are the top 12 most common and effective marketing strategies that will surely help your business product or service to grow. 1. Direct Marketing. This is self-explanatory. It is as simple as communicating directly to the customers whether thru mails, emails, or even talking directly to the customers. Giving out fliers, brochures or any promotional material is also considered as direct marketing. 2. Indirect Marketing. Indirect marketing plan focus more on the company than its product or service. What the company does is sponsor events, participates in charity w...

Are you a MAC user and you have multiple PDF files that you want to combine into one big file without using third party software?  Here is a simple steps to do this: 1. Open a PDF in Preview. 2. If you want to save it as another file Click File > Duplicate then save it as a new file.  [if not proceed to step 3] 3. Choose View > Thumbnails to show page thumbnails in the sidebar. 4. Scroll down up to the last page to indicate where to insert the other document, then select a page thumbnail.  5. Choose Edit > Insert > Page from File,* select the PDF that you want to add [note: you can select multiple files by pressing Command key while choosing the PDF files, then click Open.  6. To save, choose File > Export as PDF. [or Simply save the file as is] 7.  Now you have one big file of PDF docs into one. I hope it helps.

Business marketing is the most important factor that gives the business a solid grip in the market place. Marketing is not only promoting your business, but also communicating the value of your product or business and making sure of your business continuous growth by increasing patrons and new customers. Needless to say, a good business marketing impacts to the business’ huge success. Below are the most important factors for an effective business promotion or marketing. 1. Research. The rest of your marketing plan basically depend on your careful research and study on your market. To determine the target consumers, you have to determine first who will benefit the most on your service and product? Is your target customer for your product or service a housewife? Is your target customer a working parent? Or is your product or service for children? After it is determined, now it’s about time to create a need for your product or service to make it appeal to customers of different ...

Business finance or the “cash flow” management in business is one of the most vital function in business management. Business finance is so broad and it has many functions like reading and interpreting financial statements, detailing the money that is coming in and going out, managing the money well, planning to make operation more profitable and even cost-cutting and minimizing business risks. Needless to say, mismanagement of business finance is the number one reason of business loss and worse, even bankruptcy. Below are some tips for an effective and efficient business finance management.  1. Understanding Financial Statements. The most important financial statements of every business are cash flow statement, balance sheet, and income statement. Cash flow statement is self-explanatory. It is the money that comes and goes from business operation, funding and investing. Balance sheet, however, details the liabilities, owner’s equity and assets at a certain period of time....

The second important function of business management is inventory which is more known as accounting. Inventory or accounting is also the heart of the business management functions. Proper administration in inventory has a big impact in ensuring the business success. In the same manner, mismanagement in inventory could lead to unnecessary expenses and poor business cost savings. Here are some tips for an effective inventory to ensure the business’ success.  1. Cost Allowance. Business expenses should not limit to supply alone when doing an inventory. A good business man always overestimates the expenses and underestimates the profit. This is why cost allowance is very important. Cost allowance is having a carrying cost on top of purchasing good. For example, if the supply needed is amounting to $100 every day, one would think that the inventory cost would be $700 for one week. This is wrong. Cost allowance is giving allowance to expenses, thus the supposedly $700 for one we...