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.

Team Work

The team's leader should possess the skills to create and maintain a positive working environment and motivate and inspire the team members to take a positive approach to work and be highly committed. An effective team leader will promote a high level of morale and make them feel supported and valued.
• Clear communication: Communication is a vital factor of all interpersonal interaction and especially that of a team. Team members must be able to articulate their feelings, express plans and goals, share ideas and see each other's viewpoints.
• Establishing roles: It is absolutely necessary for team members to understand what their role on the team is, what he/she is responsible for. The team leader can enable this by defining the purpose in a clear-cut manner in the beginning of the formation of the team.
• Conflict Resolution: Conflicts will arise no matter how well a team functions together. Team members should be able to voice their concerns without fear of offending others. In order to keep team members positive and committed and motivated, the team leader herself/himself needs to exhibit these qualities. The team looks to the leader for support and guidance so any negativity on the leader's part can be disastrous.

Today Isn’t Everything, Really

As an entrepreneur, your job is extremely complex. You need to be the creative one.  You need to be the boss. The vision of your business needs to be the driving force behind everything you do for that business.  But, today isn’t everything. 

As a business owner, you must remember the fact that the long term goals and processes of your business can only be achieved if you plan for it now.

You have probably heard people tell you that you need to, “live in the day!”  As an entrepreneur, this is not possible and should not be the way you conduct your business.  
Most of the time, we would like to think that all we really need to do is to put together a business plan and hold into it.  We believe that, somehow, things will simply fall into place.  It has to. That’s all it can do. 
Yet, from a business standpoint, there is much more to consider. For example, your employees may need funds generated from your business for their day-to-day expenses.    
You may need to take into consideration the overall benefits that of keeping your business going.  What about your assets?  Do you have enough to cover your expenses when you are not making profit?  How about your cash flow?  What will happen if something does go wrong?All of these things are just the tip of the iceberg when it comes to running a business for the long term. The bottom line is that you need to consider what your business will be like today as well as ten, twenty even fifty years down the road. 


 Before we get too far, it is essential that you understand these two important concepts: 
1. When I make this decision, what are the short term and immediate effects of doing so?  How does this affect my business today? 
2. When I make this decision, what is the long term effect of making this choice?  How will this decision affect my business months and years from now? 

When you take the time to carefully consider decisions that you make today, you put yourself in charge of your destiny.   
 If you allow the chips to fall where they may, you may not be in business six months from now. Ask yourself what steps you can take right now that will make your business better in the short and the long term. 
Of course, we should mention that there is never guaranteed method for predicting the future.  There is no way to know if you are really making the right decision or not.  But, what you have to do here is to ensure that you put yourself in the best possible position to succeed. Don’t let it just happen, make today count for tomorrow and tomorrow’s tomorrow too.

Finding The Next Entrepreneur

Have you ever pictured yourself as an entrepreneur? I have and the thought is both exciting and scary! The cool thing about being an entrepreneur is that anyone can do it if you have some basic math skills, can tap in to your creative spirit, and have the determination to make your dream come true.  

Maybe you will be the next owner of the hip boutique coffee shop on the corner, or the next fashion designer and see people around the world wear your creations. My past-year’s experience taught me that pursuing my dreams is a scary endeavor, pushes my skills to new  limits, but is so fulfilling that it’s well worth taking on the adventure!

God uniquely fashioned us for entrepreneurship. We are made in our Creator’s image, and, therefore, we are creative beings. Combine this with all of the information at our fingertips and a determination to succeed, and you have an  instant formula for taking action on 

your dreams!  

As a student l, I have the opportunity to talk with my peers and colleagues, and I am encouraged when hearing the ideas God has given them. I also see their obvious intelligence, determination, and the compassionate hearts God has placed within them. 

Quote of the Day

Time Management: What's the Real Issue?

You can't manage time. Time just is. Time management is really managing what we do, during time. But it's easier for executives to say that time is what needs to be managed, rather than themselves. Time management is really agreement management. Sleep is not a waste of time if you think you need it. A trait of sophisticated executive leadership is the ability to take risks. Because a healthy sense of self is required to take those risks, as you graduate in levels of responsibility it becomes increasingly important that you trust yourself. One of the greatest saboteurs of that self-trust is broken agreements. Obviously if those agreements are not kept with others - staff, customers, stakeholders - the ability to garner their support is automatically diminished. Nothing takes the wind out of your sails more than not keeping your agreements with yourself.

Most executives probably consider themselves relatively trustworthy. But commitment management is way more complex, subtle, and challenging than most people realize. The most basic agreement is to show up at a designated location at a specific time (appointment). Those projects are driven by ten to fifteen key areas of responsibility in their job (strategic planning, asset management, staff development, liaison with the board, etc.) and in their life (health, relationships, career, money, etc.) The next needed physical actions (allocation of personal resources) required to execute on all of those commitments - emails to send, phone calls to make, conversations to have, documents to draft, proposals to read - number often in the hundreds.

All of these agreements must be incorporated into the commonly touted best practice of "setting priorities." And if any one of those multiple horizons of "work" has not been adequately captured, clarified, organized and reviewed, there will be to some degree a lack of trust in your own behavior.

Because this huge self-management challenge was obscured and oversimplified with the concept of "time management," the training, methods and tools for dealing with it have been woefully inadequate. If time were the only beast to be tamed, a clock and a diary (and some efficiency) were all you really needed. Handling commitments was relegated to a simple little best practice - have a daily to-do list. The real best practices of self-management for high-performing professionals now need to include a thorough capturing and clarifying of all commitments - little, big, personal and professional - into a seamless system. And in addition to the obvious high-level outcomes that must be defined and reviewed (purpose, values, vision, goals, strategies) there must be an equal rigor with deciding and tracking the much larger number of projects and actions required to get things done - all with appropriate boundaries to ensure a sustainable balance in life and work.

It's time to put time management behind us.

Quote of the Day

Being an Entrepreneur

Entrepreneur is specified in the dictionary as an individual who organizes and handles any enterprise, particularly a business, commonly with considerable initiative and peril. There's definitely a lot of peril involved with being an entrepreneur and a lot of handling a company.

All the same, if I were to write the definition, I'd have to state an entrepreneur is somebody who is driven and has a want to create. They're gamblers and eccentric individuals! Entrepreneurs are able to brave out pain, exhaustion, and overpower most troubles.

(It's consuming to be an entrepreneur and I occasionally have to remind myself why I want to be one).

Being in command. Entrepreneurs have utter command over their life! Although it may get really hectic, you simply have to recall that you're your own boss and you've produced something from the ground up! If you find the time, you're able to take a holiday with your loved ones or friends. First and foremost, there is not one individual who may fire you.

An entrepreneur doesn't have a determined work schedule. They're constantly on the clock and on the run. All the same, they've produced their work environment and consequently it ought to be enjoyed! They don’t have to wear a suit and tie; they may dress in the way they choose. As an entrepreneur is in charge, they may produce amusing ways to lighten up a workload. Possibly take time out of your day for a little yoga or even a speedy trip to the nail salon with a few employees!

Somebody who's built a company from the ground up or taken their concept and seen it grow into something splendid, ought to have exorbitant amount self-confidence in themselves! While it doesn’t constantly go according to plan, an entrepreneur ought to always remind himself( ladies first) or herself that they've been able to produce a business and not everybody can accomplish that.

Not only do entrepreneurs produce a line of work for themselves, but likewise they produce occupations for others! Opening up your own business allows other people the chance to have an occupation in a fabulous company.

As an enterpriser, what motivates you to continue?

Welcome

Entrepreneur Blog is an excellent source of information for entrepreneurs . It offers advice from leading experts on the latest trends and strategies in marketing, management, technology and much more. It will help you go from the idea stage to business plan to marketplace and beyond. It is the best tool you can have to help you succeed in business.