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The Keys To Be A Successful Business

Business owners are some of the most optimistic, and often the craziest people in the world. No-one starts a business believing that it will fail. We are all absolutely convinced that our idea is a great one, that we will be successful (where others have failed) and that this business will change our lives for the better. If we did not feel that way, we would never take the risk to invest our own money, or borrow from others to start our business. The reality is however, that, according to the SBA, most businesses eventually fail and more that 50% do not survive beyond the first 3 years. Even if you manage to get that far, things can still go horribly wrong, as many seasoned business owners found out during the recession which hit us during 2023 to 2024. So, does this mean that you should not start a business at all? Absolutely not. I believe that your business can be an outstanding success, if you approach it in the right way, avoid repeating previous mistakes and impose discipline o...
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An Effective Business Letter Writing

Everyone that owns a small business needs proficiency in writing business letters, whether the owner of the company writes the letters or an employee writes the letters. It does not require a course at a business school to learn to write effective business letters. It does however require a basic knowledge of correct grammar and punctuation. When sending a letter promoting your business, you want to make sure that you print it on company letterhead. You can do this yourself with the help of Microsoft Word or you can have letterhead printed for you by a printing company. I even use a copy of my letter head when writing business emails. Initially, you need to draft a test run of what you want to say to prospective customers. Once your thoughts and words are completed, get it in print! You want to start your letter with terms such as "Dear Customer" or "Greetings" or "To whom It May Concern". Your first paragraph should introduce yourself and your compan...
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The Best Practices for Managers and Supervisors

The command and control approach to managing personnel is the antiquated way managers used to conduct business back in the 20th Century. The rationale for the old top-down approach of management was a hold-over from the 19th Century where jobs were hard to find and talent was in short supply. Fast-forward to 2012, the job market has changed and even though it remains tight after "The Great Recession", wise managers understand that there is a pool of talent waiting in the wings and the economy will not remain in decline forever. An employer's market does not mean that managers and supervisors can treat employees like luggage at an international airport, but instead this provides an opportunity to cultivate the best talent available. Today's modern worker is more aware of the realities associated with the job market when it comes to developing and retaining skill-sets and understanding that the geographic constraints no longer holds talent hostage. Managers and superv...
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