It is said that Warren Buffet spends eighty percent of his time studying the market. Most great business men and investors are well read—even if it is within the confinements of their respective fields.
Learning should never stop—even when you feel you have achieved all...
In Economics, the process of production is said to be incomplete until the product reaches the final consumer. Production begins with manufacturing; it then goes through wholesale, to retail and then to final consumer—not always in this order. The order is filled with other processes like distribution,...
A leader who doesn’t recognize the individual dynamics of his employees either runs a dud organization—when it comes to interpersonal relationships, or a generally un-innovative structure. The innovative entrepreneur understands that some are motivated by fear, others are motivated by competition, some are motivated by vision, and...
Hiring online has never been as popular as it is today. Today, there are millions of freelancers and experts from all over the world, offering their services to buyers.
Before we go on, it is essential to define a few terms.
Freelancers: A...
When a business liquidates or stops operating, the proprietor incurs debts—financial and moral. Study suggests that more than seventy percent of startups do not last the first five years. It’s a stunning figure and this is why an entrepreneur must be careful when deciding on the line...
People are employed to increase the total productivity of the company. An employee expects his paycheck at the end of the month and an employer should expect productivity from his employee. It’s a win-win situation.
A shift in the structure (say an employee or employees...
Organizational structures differ within organizations. The complexity of an organization—irrespective of its size, may make it difficult to attach successes of a team to the right employee or employees.
Mostly, employees are grouped into teams and tasked with different projects. Each team is of course...
In your business or career, you will probably attend and organize tons of meetings. If you are the organizer, it is in your discretion to make the meeting as productive as possible; that is, it is in your power not to waste everybody’s time.
Here...