Management Articles

How To Make Your Small Business Stand Out

There are many small businesses out there, but they’re not all the same. It’s important to distinguish yourself from the competition right away. Avoid getting clumped together with all the other guys. You have the power to communicate your uniqueness.

Doing nothing will only keep you invisible. You have to take action and constantly be brainstorming ways to offer a distinctive edge. You have to want to be the best to get to that level. Unfortunately, there are no shortcuts, but there are techniques that’ll get you to where you want to go. See how to make your small business stand out.… Read the rest

Abey Francis

Entrepreneurship Motivation among Students in India

The Indian economy was previously highly depended on agriculture; however, the current development in the industrial and service sectors requires entrepreneurship to also parallely progress, so, entrepreneurship in India requires ample motivation. Many aspects play a role in developing entrepreneurship:

  1. Educational institutions help develop requisite qualities like leadership and team spirit, help in the development of business plans, and the gaining of financial support, besides setting up TBIs and EDCs.
  2. Established businesses can help with internship, apprenticeship, and collaborations.
  3. Small scale industrial associations can also act as facilitators in prototype labs, and expositions.

It is the view of a number of first generation entrepreneurs that entering into entrepreneurship demands a lot of drive and passion.… Read the rest

Abey Francis

How to Ensure That a Business”™s Finances Are Kept in Order

Do you struggle to keep your business’s financial affairs in order? It’s an area that can cause many difficulties for a business owner or the decision makers in a company. However, there are many ways you can address this issue, so that you can focus on the more productive aspects of your organization. Below are some of the main ways to ensure that a business’s finances are kept in order.

Taxation

Every business must adhere to a wide range of tax laws and regulations. However, this is an area that keeps changing and evolving. It’s crucial to keep up-to-date with the latest taxation developments, so it’s advisable for you or someone in your company to increase their taxation knowledge by taking an appropriate taxation course provided by a college or university like Northeastern University.… Read the rest

Abey Francis

How to Develop Positive Relationships with Individuals and Organizations Outside of Your Business

It’s vital for a business to develop as many external contacts as possible. This simple approach can lead to valuable relationships and opportunities that would not otherwise have occurred. Below are some of the best ways you can develop relationships with individuals and organizations outside of your business.

Develop Your Communication Skills and Communication Channels

Before you reach out to certain individuals and organizations, it’s important to prepare properly and have the skills and knowledge required for communicating in an effective way. For instance, if you want to interact with local government representatives and agencies in a more productive way, you may need to hire a consultant or someone who has completed an online masters in public administration and who has a great working relationship with the public sector.… Read the rest

Abey Francis

Effective Teaming Factors

There are obvious challenges to form and lead a functioning team, even if the team is collocate physically within a training room or office throughout the whole process of training. Moreover the training involves distant learning mode that individualistic or individual behavior towards the whole proceeding come into play that could affect the performance of the entire team. To lead a team has little understanding on the member’s background is an uphill task for the leader. Advanced communication technology will not guarantee the team is working except the individual that participate in the training stretch and contribute within the context of the training that makes this a successful training experience.… Read the rest

Abey Francis

Four Important Types of Innovation

Innovation is defined as new ideas that work and a successful innovation can be achieved through the creation and implementation of new processes, products, services and methods of delivery which will result in significant improvements in the profitability and enhance the growth of an enterprise. An organization is considered innovative if it stirs up the marketplace, by creating competitive pressures and new opportunities. It has been recognized that innovation success in an established organization requires balancing the stabilized efficiency of the current market offerings and building new capabilities to create and develop offerings for unknown markets.

There exist four types of changes to achieve strategic edge within an organization.… Read the rest

Abey Francis