My Business Grows Bigger

Business production or operation is one of the most important function in business management. Like what I’ve said in the previous article, production is actually the life of the business. The simplest definition of its function is it is a process of converting materials and labor into products and services as competently as possible to maximize the profit of the business or company. For me, it is the behind the scenes. It is the procedure and preparation to deliver the highest level of efficiency in products or service. Below are the keys to a successful business operation or production. 1. Demand. The first thing to determine is the demand. How much do you need to produce and is the resources enough to meet the demand? This is where costing saving skill is necessary. You have to be creative as much as possible in your negotiation skill for your production cost to save a lot of money. Making sure that the production meets the demand is a number one factor that affects busine...

So, you have started a business. You have the vision, your business is original, you have the money to start it, but how will you keep the business going? I know a lot of businesses that started quite well but sadly, they didn’t last very long. It could be because of mismanagement of money and people, lack of focus, poor customer service, and there’s just a lot of factors why some business fails and it all boils down to one thing; the lack of discipline. The person of disciplined basically control their lives. Whether it is about self-improvement, financial success or managing your own business, discipline is indeed one necessary skill to acquire. However, not everyone is aware of it. In fact, discipline is one essential skill that most schools have never really paid much attention to. Do you even know why the very first skill to learn in military is making bed? If you are going to think about it, seems like it’s not much of a help when they’re in a battle but the first lesson on...

‘You are the author of your life.’ I’m sure you have heard this a thousand times before as this cliché has been said by a lot of great speakers to motivate their audience. But somehow, you most likely believe that some lives are authored by bloodline especially for people who are born with a silver spoon in the mouth. And you know that the quote ‘ You are the author of your life ’ is only applicable to regular people so that they couldn’t blame anyone for the poverty and scarcity they experience. -The Trap- Now let me tell you some truths that might shock the very core of you. The things that the world and the media has led you to believe are façade and lies to stop you from being free from the trap. And when I say trap, I mean that 9-5 job you’ve signed for. Trap is the routine that you do, an endless cycle of going to work, receiving your paycheck monthly, that’s not even enough to cover all the dues. Trap is also the miserable and dangerous world that you believe you are ...

Maybe you are curious what it takes to be a successful businessman. Truth is, the things that I had learned more from them by merely observing them is twice as much than what I learned from the entire time I sat on my business management class from college. Here are the three things I believe that every successful businessman should have regardless of the field or business industry you are in.  1. Consistent Energy. In anything, consistency is always the name of the game. In business, consistency of the energy is one deciding factor whether the business will prosper or not. What is very consistent with all the successful people is the fire, the drive, and the passion. They just don’t let the vibe die. I guess enthusiasm is the word.  If you are not as enthusiastic and excited as before, your clients/customers would actually feel it. Whether you believe it or not, everything is made up of energy. Even your place of business has a vibe itself. I can still remember when...

So, you have finally realized that having a regular job will never help you achieve the financial freedom that you want and decided to put up a business. Congratulations. Realization that your current situation will not magically improve on its own while you’re staying on a 9-5 job, and that you need additional source of income, is actually the first step to achieving financial independence. If you already have the capital but you’re still confused on which kind of business to invest in, I think this article will help you decide what is the right business for you. If you are a beginner, I’d like you to focus on the two types of business to consider of; Service and Products. It is also important to know what the two businesses will require you, including the pros and cons of the two. Service . The good thing about service is that it doesn’t really cost you a thing. If you are selling your service to a particular field you are expert in, this saves you from all the hassles of ...

Are you thinking to start your business?  You are in the right track.  C ongratulations!  You are on your road to freedom, not only to financial freedom but the freedom from the bondage of “employee mentality.”  You will be your own boss.  However, you have to avoid another possible bondage, that is the bondage of being employed by your own business.  Being a single proprietor (or even partnership) makes you a “self-employed” person, which is essentially an employee still.  Dont get me wrong, you can run a business under single proprietorship and partnership type but make sure that you dont do all the work.  Make sure that even when you are not around, your business still runs.  It should not be dependent on you. T here is another type of business called a corporation.  This type of business is unique and has been commonly used by the business that we knew, the big companies and there are reasons why they use this type compared ...