Quote of The Day

Quote of The Day

Quote of the Day

Quote of the Day

Why Manage Time?

Time is gold, you've most probably heard about it. But why is that? There are two things that make time unique.
The first thing is that it is given to all people free of cost. No matter if you are rich or poor, black or white, strong or weak, active or lazy; you are granted your portion of time. No one works hard to get it or no one pays a price (money) to acquire it. 
It is just granted to all of us, with no pain and no effort.The second thing is that no one can bring back a spent second. 
There is no method or technique, as of now, to bring back the used or unused time that has passed by. So time is so unique and so very precious.
The sad fact is that, since no one puts forth any effort or money to acquire time, some (or most of the) people take it for granted. The result is that a lot of time is wasted. People waste time by either doing nothing (literally wasting time) or by doing lesser than what has to be done in a given time, in other words 
being lazy.
Mastering the time given to one is an art and not everyone is blessed with the same. So what does it mean to master the time? And why should you worry about managing time?

Mastering time is to take control of your time. That is, you should decide on how to use your time and allocate tasks accordingly. For example, if you can write an effective to-do list and follow it completely (or at least 90% of it) then you are heading in the right direction – You are the master of your time. On the other hand, if you are locked up in front of the television or most of the time of your day is spent on chatting 
with your friends, which sadly you feel that you cannot do anything about, then other things (like TV, friends or a lazy yourself) are the masters of your time and you are obviously the slave.

Quote of The Day

Exit Strategy

What is an exit strategy?
An Exit Plan is one of the most important tools you should have in your business. It’s a plan that considers your future desires and ensures that you remain focused on achieving those goals whilst removing you from the business. Some well organized business owners have an Exit Strategy as part of their business plan and make no secret about achieving this goal.
A good Exit Plan enables a smooth transition with less likelihood of disruption to the operation. By planning your exit well in advance you can maximize the value of your business and enable it to meet your future needs.
An Exiting Strategy or a Succession Strategy is a multi-faceted process that includes an analysis of your business, a valuation of your business, the preparation of your business for sale, setting a realistic time frame and many other considerations.

What is involved in an exit strategy?
The Exit Strategy is all about preparing your business for the eventual sale of your business on your terms therefore it is important to prepare it in such a manner which is attractive to a wider range of potential buyers. It is believed that you should start planning your exit strategy from day one, it should form part of your business plan and be the underlying force which guides the processes of how you operate your business.