Economics is not a complicated topic when viewed in a broad sense. The economy can either do well or do poorly. When it does well, prosperity lasts for a while, but it almost always slows down and starts to do poorly again in the future. Then, it will swing back up again. Those times of economic slow down are called "recessions." Recessions are inevitable, so it is only sound financial advice to tell you to plan ahead for them, even if you are...more
RECESSION is looming! Admitting it is not being negative. The signs are there. It may not be Nigeria's worst ever recession. But the economy is slowing down all the same. Are you prepared for it? Are your defences up against it? Will you be able to cope when it starts to bite?Asking -- and finding the right answers to these questions -- is the right exercise that anyone with at least a little sense should be engaged in at this time. Not to do so...more
IF you were presented with three choices -- time, money [seed or working capital] and good health -- which one will you absolutely go for? Which of the three will you hang on to while ignoring the other two?Tricky question, you say? Maybe. But I don't think so. Not when you give it a deep thought. Depending on the level you're in your entrepreneurship career, the answer is as simple and straight forward as ABC.Without a shadow of doubt, these three items are so essential for anyone to have enduring success in business. They are as important to a business as blood is to a living soul. None of the three is dispensable. But right now, you're being forced to take one only. So which of the three will get your nod?This is my own ranking of the three "must haves" in order of their importance to me.1. Good health.2. Money.3. Time.And this is the reason behind my choice:Good healthThis is the number one choice for me. It's so far ahead of the other two that I didn't even have to think before giving it my vote.Practically everything in life is achievable if there is good health. No matter how desperate your situation may be, if you have good health and sound mind, you can literally overcome...more
Financing is one of the most difficult tasks for any business, especially during a financial crisis. Obviously cash flow is the life's blood of any business, at any time, good or bad. The important thing to remember is that because of this crisis all businesses are in the same position you are, as far as cash flow is concerned which directly...more
The problems IT Help Desk customers often encounterIf your company or organization has an in-house or outsourced IT Help Desk, chances are that some of your Help Desk customers are dissatisfied with the service they are receiving. Some of the many possible causes of dissatisfaction with IT Help Desks include:1. Long wait times when calling the Help...more
In a challenging economic environment you often you must work harder and longer to maintain your profitability. If you can become 10 more efficient through the diligent use of office software, that can help make up for the losses of a bad economy.Fortunately there are many tools available to maximize our efficiency in the office. By learning new software, standardizing when possible to pdf format, by changing some old habits, we really can become more productive.Email management is a big part of our day. Programs like Outlook offer many tools and tricks, but it is often easier to learn only the basics, enough to get by. Instead, invest an hour or two on tutorials, to become familiar with many of the shortcuts and management tips.For example, the Task utility is way better than a paper checklist for your To-Do list. Uncompleted tasks can be tucked away for future efforts, combined with new tasks, etc. Outlook can use a free upgrade to manage the backup of your system. Of course some kind of backup is essential, whether manual or automatic (more efficient use of time). Use calendar software to schedule events.Also, don't fall into the trap of checking email constantly throughout the...more
Lost your Job? Experiencing a sudden or unexpected career change? Worried about your future? The emotional response to career change is similar to dealing with loss as characterized by Kubler-Ross.DenialThere are typically two stages of denial that...more
Sometimes our closest friends, family members, and even our spouse can be lobsters. Are you acquainted with any of these walking, talking crustaceans? You probably know lots of them, and you're in good company if you do. Almost everybody has at least...more
For a society as complex as the United States, categorization is very important. From the legal area to the political, from the medical area to the academic, every field has categories. The area of finance is no different. One aspect of finance that...more
In every business time is considered as gold. There are many company think of how they can save time because time is very important. Saving time is a ways of saving a lot of money too. This is true when it comes to their payroll department. Using a...more
Many contractors struggle with cash flow. Although this can be attributed to many factors, admitting you have a problem is the first step to recovery. Before you can take corrective action, however, you first need to understand where problems are...more
Credit cards are considered to viaduct breach between desires and fulfillment, uneasiness for purchasing and smile for growing capability of acquire even with inadequate cash in hand. Since these synthetic cards came to soak, they have allured...more