You seem to be using a browser that is out of date. Your experience may be altered due to this, and content may not display correctly for this site or other websites. Have you considered upgrading to use a better browser?
We always have had businessss that we used to be loyal to at a point in time. After a while, you stop patronizing the business because of one thing or the other. Sometimes, it could be bad treatment or moving on to someone more qualitative.
Which business did you use to patronize that you are...
There is no denying that proposals have to be realigned to favor the investor and the business ma. I have done several proposals to my organizations and I am always summoned to ask if there is any other way we can do it.
He should first of all decide the business niche he wants to enter. And then he should study the most basic level of that niche. For instance, you can start a PMS business by selling in kegs and cans while building capacity to push towards the goal.
There are cultural elements that you can explore and use as bargaining chip. For instance, cultural consumption patterns can be used to take advantage of a negotiation process. And you know how to leverage on cultural pattens to create negotiation advantage.
How do they contribute to poverty? You should learn to realize that customers are always rational when pursing their utility and satisfaction as far as they have the ability to pay for it.
You always have to make sure that every available avenue is exhausted in the negotiation process. It is not beneficial for any business person to be limited in scope. Exhausting all possible avenues enables you to be sure that your decisions are well thought out.
If I have up to $50,000, I would surely invest in sports business even it is at the grassroot level. If you invest smartly, you can never lose in sports business.
Business problems are challenges that come to busineses. And every entrepreneur must have anticipated the problems and get prepared for them. Also, adaptability is very crucial in solving a business problem.
When people have a habit of always disagreeing with you, they would always feel disgruntled when you make decisions and would but deploy their best efforts because they don't believe in the idea. It is better you don't work with them
You don't do anything rather than trying to make your boss to see reason with you. If he or she can't see reasons with you, you let him be as it is not by force after all it is not your organization.
You can make payments from your house and a product gets delivered for you. You can also go online and shop without having to leave your house. It is easier to do business now.
Thrift shops don't exist in my country. The people that sell second hand items do so purely for profit and not any sort of social motive. I believe one can find really affordable and quality items in thrift shops.
When you present a proposal to a person, you don't expect that proposal to be adopted in it's entirety. That process one is called to come and defend a proposal is an indirect negotiation process.
As far as my business is concerned, my mobile phone is very important to me. It is where I make orders for inputs and it is what I use to receive orders. Business calls and emails are sent and received by a mobile phone.
It makes sense when you enter an organization and you can identify a staff you can make enquiry from because the staff are on uniforms. It helps to identify members of staff of a particular organization.
The smartphone is the revolution that drove internet cafes out of business. Then came further innovations in the smartphone that made it a mini computer. You can virtually do anything you would do in a Cafe with a phone. That's why the business has gone extinct.
Seeing a lawyer to read through the contract is very important so he can explain the implication of certain terms and clauses. Be sure to have witnesses present at the signing proper.
I have made up my mind as a business person not to expect loyalty from any customer. I make sure I offer the best services I can at the material time. Everybody is capitalists.
You can have a get together party once a year where you invite all the customers you have and host them as a show of appreciation for patronage. It is one of the ways of showing corporate hospitality.
I perfectly understand your point because humans tend to abuse everything. But being completely autocratic would drive away staff from the boss. And most times, it leads to conspiracy against the boss.
Some organizations don't know how to provide support to their customers. Some would take 5 months to respond to an email request. It is a terrible situation with organisations like that.
I think a grocery shop would do well in this kind of location. Selling cooked food and also selling foodstuff would work. Providing research services would work and also selling science equipment.
I don't know if it is medical or metaphysical. With the way the thing is moving in the market, many of my friends are rushing in to sell the products. And some are making money from it already.
As far as the business cycle is concerned, income cannot be stable as it is subject to lot of factors beyond its control. Take for instance, they just suddenly hiked the price of fuel in my country and this has a multiplier effect on the income of all businesses.
The most important thing that you can use to convince the other party on a negotiation table is his interest. Let him clearly see what he stands to gain from the contract. If possible, magnify it.
The stuff is used by desperate women to tie a man down to themselves. It is selling at a fast rate even though it is very expensive. I am still wondering how it works.
The idea is that they don't want to spend money. Paying another hand to them is a waste. As small as I am, I have assistants both at home and in my business. The purpose of entrepreneurship is to create jobs.
There are certain businesses that a business is supposed to partner with and execute projects but it won't be able because it is not registered. And if you want to transact any business internationally, your registration would be queried.
Before you sign any contract, you have to first of all verify the authenticity of the person offering you the contract. Is that person I the right position to offer you the contract? Is he or she the authorized person so that you avoid fraud.
The local company culture common in my country is speculative pricing. Every organisation is always wary of conditions that would affect price so they can hoard their products to cause artifical scarcity.
One of the major components of a new business project is a careful and well articulated plan. It would go a long way to determine the pathway that the project would take.
I think it is better to even lay them off than owing them. At least, you are sure you are not exploiting them. Some employers would still give them hope and owe them three months plus salaries.
The same staff that are saying sacking is not an option would not still accept to take a pay cut for the business to stay afloat. It should be a mutual compromise for both parties.
A new project has to have expected delivery time and timelines for every milestone to be achieved. It helps the people working on the project to focus and deliver on schedule.
Being able to shift grounds and find a mutually beneficial position is an attribute any business person and corporate worker must learn to be able to succeed. This is because things would not always go the way you want it in business.
When I started, I used to goof at negotiating salaries. I was the only person who used to negotiate salary without recourse to transportation cost. I had to learn how to negotiate salary properly the hard way.
To deliver a good presentation, you must have good oratory skills. It is not really about the slides and the graphics, you have to be able to break down what the slides are all about to the audience.
When I was a paid staff, if I had to meet someone, I had to step out of the organization's premises to meet the person. And that has to be at a time when I don't have anything to be doing.
I think this site comes highly recommended. And I would try and give it a shot. Hopefully, it works well and I get a good experience to share on this thread.
I would speak over and over again for hours to any audience when the subject is something I am conversant with. I am a natural talker though. That is why I love my presentations have to be given to me ahead of time.
I try to make sure that I get my work done within the ambits of the time allocatef for active work. When I leave the office, I don't do any official work. It is time for me to face other aspects of my life.
Service industries are the catalysts that boost the production industry. If the service sector is inefficient, it is very likely that the production sector would suffer. Take for instance, transportation.
You have to achieve efficiency by making sure the output matches or eclipses the input. When this is not achieved, the business would just run at break even if not even a loss.
When I see all these loan apps advertising, I feel pity for them. The majority of the citizens are struggling to even survive and eat. They would take the loans and won't pay back.
A unanimous decision is necessary as it would drive unity of purpose in the organization. When decisions carry everyone along, they would tend to pursue set goals willingly and without compulsion.
There should be a balance between autocratic and being humane. You don't have to be too firm to be a good business leader and you don't have to be too soft. A midpoint is the best.
It makes you to see business from a different point of view. When you travel, you get to understand how different countries approach business and how they make it work on their terrain.
I don't think I Iike the overtime of a thing. It is not just work that someone has to do in a given day. There are other things that needs to be done as a person. I have never accepted to work overtime.
I try as much as I can to complete set goals. And this is achieveable with effective time management. And when procrastination is killed, completing tasks becomes easy.
The year has been a bad year indeed. I guess the amount paid by ad networks dropped in response to the worldwide inflation and this affected the PTP and their revenues causing them to close down.
The best way is to tell a potential user of all the conditions and let him or her decide if they would be a part of the platform or not. Some people could have still joined the platform give or take.
I don't even tell anyone about my investments. It is my personal endeavor. If it fails, I chest it and take full responsibility for it. I don't even like to be pitied.
The levels doesn't really matter. Don't pressure yourself and take it step by step. It just increases your credibility in dealings with other members. I would rather trade with a member at a higher level because he or she cannot abandon his account and run.
You don't need to know the users. You just need to know the niche which is gambling. So you can go ahead and comment on the site. The site needs more people like you that know about gambling.
It is not proper to use valuable working hours to entertain your own guests unless it is close family members that come in to report an emergency situation.
I restate it categorically that no one can be loyal to any business without a foundational basis. Customers are out to maximize satisfaction and that is all they care about.
I perfectly understand that it is part of growth and should be expected in business. I always believe that a business person who has never failed has not gone far in business.
Clearance sales is a good strategy to sell out stocks that are not moving in the market. Instead of them staying and occupying shop space, you sell them out.
The truth is that some organizations deserve that treatment. It is a tit for tat thing. You can't give a bad experience as an organization and expect a good experience from your Staff.
It is the reality of the world now. People basically work nowadays just to eat and it is not a pleasing situation. You carry am amount of money that was reasonably considered huge money to the market and it can't even buy anything substantial.
Like what form of communication? Send you a chat or an email which you might obviously not see because you are engrossed. I don't think any other form of communication would work. I love the fact that you have always been your own boss.
The best way to build entrepreneurial spirit is to learn how to take responsibilities. That is because entrepreneurship is all about taking responsibility for a business and it's staff/operations.
I am seeing some users lifting topics from other forums to post on RIF. This is very wrong and adulterates the authenticity of our forum. Some users are lifting topics from the business section of bizdustry to post here. It is wrong. Please moderators take note.
@Heatman, @Joshua Farrell, @Shavkat
A back up plan is essential for a business because the business survival after a failure might be totally dependent on the back up plan. Any business should have not just a backup plan but a solid one.
Any business that wants to keep on existence in this days and time must have a social media account. Some customers won't even patronize you if you don't have an online presence.
It depends on the depth of the conflict. Some conflicts can affect a staff's sanity. The staff might need some days off to regain balance and get over it.
To prevent the situation of touching business funds, it is advisable to have a separate account for your business. The temptation would be huge when you are broke and business funds are lying in your account.
The boss needs to always keep an avenue to attend to important issues even in his or her no disturbance mood. And the staff must be sensitive to know when an issue is serious enough to distract the boss when he is busy.
When a colleague is failing in his job responsibilities and it is threatening his or her job security, you have to show sympathy as a colleague by assisting the affected staff to ace that challenge.
The issue is that you should have an open mind and an open relationship with every staff in the organization. You might need the help of any member of staff at anytime.
While this is true, practical steps must be taken to minimize the losses. In a 10 time business cycle, making losses more than two times is just being careless and it is unsustainable.
I have been actually loyal to certain businesses as far as their services align to my goals and expectations when consuming that product or getting that service.
The concept of buying time to browse doesn't exist again. What we barely have are computer services shop that offer typing services, printing and photocopy services.
There was a time when I had no sales and it was due to nationwide economic policy. I had to adapt my strategies to match the realities of the economic reality. It was during a cash crunch. I had to open up cashless channels to get payments.
I was the most senior head of department and most of the issues I used to have was about staff that refused to yield to instructions given. And it was always with the female staff that I had issues with.
When I was working as a computer teacher in a secondary school, I used to make my proposal talk more about how it would make the school grow if pursued. The school always adopted all proposals I brought. Of course, I had my own kickbacks that I got.
The once that I experienced business robbery was when my uncle that owned a bet shop was attacked after he had collected all the money for the week and was headed to the bank. I feel one of the staff that loaded the money into the vehicle gave the robbers a tip off.
The first thing to do is to initiate an emergency communication route apart from the normal communication route. This route has to be fail proof to enable easy communication during emergency situations.
It generally depends on the kind of boss he is. If he is a simple boss, I would excuse him that someone requires his attention. If it is a difficult boss, that person has to go and come back.
It is no more an internet cafe as it used to be back in the days where people go to browse. It is more of a computer center and people go there to do what they can't do on phones.
And the slightest measure you take to enforce tye professionalism would be considered as unwillingness to help family. I avoid employing family relatives entirely in my business.
Make sure that in your proposal, you are projecting the interest of the business rather than your own personal interests. That would make the proposal to be easily accepted.
Otnis a recipe for disaster of you are doubling the business account as your personal aaccout. You won't be able to account for how the finances of the business move no matter how diligent you are.
You have to display human sympathy when your colleague is sick. You can do that by covering his or her job responsibilities for him or her so that they would not be a gap.
It is not supposed to be a difficult thing to ask for assistance at work. It only becomes difficult when you are an anti social person who doesn't relate with co-workers.
I make sure that at every point in time, I am always keenly studying the market to knows when to contract or expand production. The market changes can make one to incur losses.
Customer loyalty is not an abstract concept. It is a concept that has to be based on a particular premise. It could be based on quality or any other factor. Customers are rationale.
I used to experience when I was still starting out my business. Having established my business, I don't experience that because I have a good base of offtakers for my business.
It is important for a company to have a coordinated communication system which would lead to effective crisis management. Lack of communication can complicate a crisis situation.
There is no way you can expect professionalism from a relative. As it is a relative, you need to be very careful how you go about it. A one on One heart to heart talk is necessary.
I think it really has to do with the kind of leader that called the meeting. Generally, let the agenda of the meeting be clearly beneficial and ensure that you make the staff see a benefit they are going to have from the outcome of the meeting.
When you create a reward system for deserving Staff in your business, you not only motivate them but you makes other staff see the need to put in much effort in the business.
We wouldn't want to enter that discussion because it would leave a business discussions and enter a cultural one. But think about why parents tend to protect their daughters more than their sons.
It is important to monitor your busines to be sure it is on the right path. You have to monitor every facet of the business from finances to operations to marketing. It is not an easy task but it is very necessary.
I don't fault the man at all. If a driver would not allow him to have peace of mind, he better fires him. He can't be in the house and imagining things. Maybe the driver was the wife's perfect spec.
You have to get deteemined to pursue acquisition of that skill. And you must have an imaginative and creative mind. You can start with corel draw by taking up free tutorials on YouTube.
If I spend one and a half hour a day on Mylot, would I be able to reach threshold within two weeks? What do you think based on your experience on the platform?
It is very important to know when and how. That's because I have seen a situation where someone's salary was delayed because there is a particular bank that salaries are paid into for all staff of that organization.
A business person should not be struggling to meet up with orders when he or she can employ an assistant to help him or her. People even employ helps at home when it is overwhelming not to talk of a business.
This is something that was sold for just a little above a dollar not up to one year ago. To afford protein in meals now is very difficult in this inflation riddled economy.
I don't like the idea of having to take loans for your working capital unless it is an interest free loan. Anything aside from that is pressure on the business.
That is why we always say that one must have a business mentor that would be able to guide one on how to do business. When things get rough, you can rely on the mentor for sound advice.
I once lived with a dry cleaner and I have to tell you that Saturdays and Sundays are their days. They make 2 times of what they make in a whole week on those two days.
It is used t portray organizational hierarchy. I don't like those depictions. They tend to create unnecessary bureaucracy and bottlenecks in an organization.
You have to define your niche even in the MC business, train yourself well on that niche, stand out and excel. There are those that are specilaists marriage MCs and they are those that are very good with rallies.
With this arrangement, it seems that the price per unit of egg would be very expensive. In my country, eggs are sold per crates which has 30 pieces of eggs.
The logo makes you to identify the company from other companies in that particular sector. It can make the consumers to identify your products from a host of others.
Make sure your support service is top notch. Engage with customers and try to resolve issues raised. And above all, make sure the product is top quality.
I know of a driver that was fired just because he was too cute. He was supposed to drive the man's wife and was hired when the man was on a trip. When the man came back to meet the new driver, he objected to such a cute guy driving his wife and promptly fired him.
Instead of teaching the mundane business studies, they should teach financial education and value creation. That would expand the scope of the present business studies.
It is good to hear that it is working out for you. Unfortunately, I can't join all the sites available because I won't have time to work on all of them.
That balance is where profitability and sustainability of a business lies. And it is the very reason why some businesses fail when they fail to strike that balance.
When you focus on the problem, you tend to magnify it out of proportion. But when you have a solution approach, you would easily solve or because it would look very small for you.
It is all good. What I know is that no one would die. It is their sites and they have the rights to do anything with it. Hopefully, more paid forums with good structures would spring up.
Any business that has to do with entertainment would pay you well if properly done. That's because there is a huge demand for people to be entertained.
The truth is that if you are good as a MC, you would be very hot in demand. You won't have to face any competition to get jobs. And one big job can make you for life.
There are so many of them that have come and gone and I have not been a victim of any of them. I love to invest in schemes that have solid backing and foundations.
The greatest business people that you know today all had self belief in their businesses and that's why they were able to drive it to the point of excellence.
I don't really believe in problem focused approach but a solution focused approach is the best for me. The problem is just for your knowledge but the efforts should be poured into finding solutions.
On the Job Training is important because what they teach in schools are just theory. When they are on the job that they practice and implement all the theories. They have to be guided by giving them training as they go on the job.
There are certain job positions and roles that are specially for introverts. I think introverted staff can be deployed into those sections of the workplace.
A small business needs an assistant when the business starts to grow and the orders are really pressing and impossible for the entrepreneur to meet up.
If you compare the prices quoted in other posts up there, you would realize that it is not really expensive in our country. The cost of living is relatively low in Nigeria.
You can earn so much from social media but it would require so much budget on terms of moderation to make it work. It is not a business niche that I would like to enter into as now.
The discussion was about football. All those other sports you mentioned don't have huge investments because of the lesser popularity of them. But basketball and football are really profitable. Even for small teams.
Hire professionala to run the business for you at the initial stage. In the process, humble yourself and learn from them. It is this kind of business that staff welfare should be prioritized else they get angry and cheat you.
It is actually every time that quality is associated with a high price. You have to know how to identify quality in any product you want to buy. I would always go for quality products though.
A crate of egg contains 30 pieces of eggs in my country. It seems eggs is way cheaper on Africa after all. An equivalent of $3 can get you a crate of egg over here and it is even caused by inflation.
I believe that remote employees should be paid based on contract. That is because to think of managing remote employees by monitoring is almost impossible. When they feel that they have to turn in work to get payment, they would put in effort.
If you have a high cash burn rate within a month, it is believed that you should also have a high rate of return. With that, they would be a balance on how the business is run.
The best way to avoid stagnation in business is to have a progressive mindset. Keep thinking and making positive moves to improve the business. The mindset with which you approach a business is important.
The greatest way to kill a business is to be rigid. When you are rigid in business, you would find it hard to grow such a business because the business world is very progressive.
The challenge about all this is that failure would still happen in business. It is best to be prepared to face it than to be scared about it. If you are scared failure, please find a job. Entrepreneurship is not for you.
When you are dreaming big, make sure your goals are realistic so that you can prioritize your pursuits per time. When you dream inspires goals that are not realistic, you would be chasing shadows with your pursuits.
This is an example of a company that is well run. By right, any good organization should have support staff working on four shifts so that support would be available all round the clock.
You have to establish relationships with customers so that they can easily make you allign to the culture of a place. You don't have to be high handed with the locals.
Weed is generally illegal. If it was to be a legal product, I won't mind selling it even though I don't smoke the weed. I am a business person and I am only concerned about the money.
For a thrift society to work, it must have people of impeccable character as members. This would make the contribution to be seamless and efficient. Also, the financial strength of members is also important.
The truth is that it would increase the efficiency of search engine results as those unnecessary results would no longer appear in search engine results.
You can never find premium movies on YouTube. I would prove this to you a thousand times. And cinema business is still thriving because not a lot of people can afford Netflix. I can comfortably tell you that more than 80% of Nigerians don't have Netflix subscription.
It is not about being cheated. It is rather about giving up something for another. It is risky in a way but that is the way it is with all other businesses.
One thing I have come to realize is that no one can manage a business as well as the business owner. The commitment level of a manager can never be same as with the owner managing it.
When you append a signature to a contract, you are under obligation to fulfill the terms of the contract. Some contracts are very difficult for you to pull out unless you have to buy yourself out.
It might not really mean keeping a lawyer as part of your everyday staff. You can have a legal adviser that you contract to pay periodically who would be offering legal advice and services to the organization.
You have to study and understand your staff. There are some people that can't deliver under pressure and there are some that thrives under pressure. Utilize them accordingly.
Most car stereos come with USB readers and one doesn't need a CD any longer. The fact that USB devices are easily rewritable is the advantage it has used to drive CDs to extinction.
It is not negotiable that your packaging has to be top notch to be able to attract customers. This is especially true for products that have children as a major part of their target market.
This is true though. I have also seen it. It depends on who is financing the start up. If it is an already established business person that wants to diversify, or would not just be offering low wages.
That is why it is best to have organizational structures that have line managers. They allow for one to be able to lodge complains at the basic level before it goes up.
I prefer shift jobs if I have to work. It affords me an opportunity to be flexible on your work schedules. That can help to meet up with other engagements in real life.
I prefer a short term contracts because it affords the parties a quick opportunity to review grey areas in the contract. Long term contracts are like jail terms where you don't even have hope no matter how bad the contract turns out to be.
If you have to be querying a particular staff everyday over lateness, it means that the staff is not ready for a change and you have to relief such a staff off duties.
They say that success happens when opportunity meets preparations. That's why no knowledge is a waste. You grab opportunities when you have some level of preparations. It might come unexpected but there was some preparations in the past.
It won't so much. That's because some people are not comfortable with earing in public. It is better to have close collaborations and working relationships to breach cultural diversity.
Imagine 70,000 people paying $1 or pound as the case may be to see a match live. And then they sell official shirts all across the world. Football business is not in winning trophies. Trophies are just bragging rights. It is all about building a loyal fan base.
One thing you have to understand is that the profitability of football brands is not measured by trophies won. It is a contributory factor that would make the brand more popular. But the PSG brand is successful in merchandise and that shows that the brand is very successful.
With everything rising in prices, there has been increase in the prices of food and other agricultural products. One of the affected products is egg. It is recommended that humans eat one egg a day. How much is a crate of egg in your country? Is it affordable enough to eat once a day? In my...
The truth is that it happens to workers who present themselves tone docile. From the first day, you have to let other colleagues know that you are not a walk over that can be used anyhow.
If you sit down to calculate the particular amount spent on rent every years cumulatively for 5 years, one would recognize that it is better to buy a property of your own than rent if you have the money.
A standard flour mills that churns out tens of tonnes of flour daily is very expensive to start. You can start a small flour mill though with small money. Something in the range of $1000.
When once this happens, you can as well kiss your business bye. That is because they would drive an agenda against you that would ultimately terminate your business.
It is not a business you can just wake up and start o. You have to be very strategic about it. That is why you need to take time and study the business before indulging. But it is always profitable if done well.
There are situations when staff are forced to resign. When you hear that a staff left thorough mutual consent, it is always forced resignation. But you have to pay compensation to that staff.
Some employees have uncouth mouths and won't even waste time to serve it to a customer very hot. That is a terrible behavior that can ruin a business in a very short period.
Forums like bizdustry have stopped paying abruptly. Beer money forum is just running a special project and they would soon resume paying when the project is completed.
And even on this thread, some people are just making low quality posts. I don't know how difficult it is for someone to just write a 20 worded post. Let it crash so that all of us can rest.
The body language of Alex has long suggested he intends to end paid posting but his reputation has been greatly damaged by the way it went about it. You need to go to forum coin and see how they are dragging his reputation in the dust. He should have stopped it after making payments for last month.
Home service is generally not for regular people. It is for people who for one reason or the other can't get the service rendered in the shop. You can't expect a top Manager of an organization or d big celibrity to come sit down in a regular barbing shop to have a haircut. That might be a...
There is a motivation to compete though. It can make you be noticed in the eyes of the managers and a higher position given to you. But it should be healthy competition.
The business managers have to be sensitive to changes in the market and industry and know how to adapt to these changes to make the business successful.
The poor pay for teachers is not limited to university graduates but even to the graduates also. The teaching profession has been completely bastardized and made to look less attractive.
I observe that there are some products that have to be modded and unlocked before being used in some countries. This invariably means that those products were not produced for those countries. This is very popular in the electronics manufacturing sector. Why the disparity of different specs of...
By using this site, you agree to our use of cookies for personalization, to improve your experience, and to enable us to keep you logged in if you register.
Continuing to use this site signifies your consent to our use of cookies.