Archives for December 2014

Weighing the Pros and Cons of Business Opportunities

It has always been said that getting ahead in business requires owners to take risks in grabbing business opportunities.  This is easier said than done.  The reality is that not every opportunity that presents itself can bring in the expected revenues.  A wise business owner, therefore, should be able to evaluate these opportunities and determine if it will indeed be advantageous to pounce on them.  This analysis should be done thoroughly yet quickly, or you might miss an opportunity that comes only once in a lifetime.

pros and cons

There are those who believe that the knack for spotting and recognizing potentially profitable business opportunities is inborn.  While this may be true to some extent, this skill can be developed over time with proper education, training, and experience.  Being knowledgeable about the business and the industry it belongs to is not enough.  He needs to understand important variables that could affect his business.  He also needs to have a good grasp of how his business fills the gaps and fits in his customers’ lives.  Of course, the right decision on whether or not to take the risk on an opportunity should be made with the goal of the company in mind.

A realistic view of what your business can do and how much resources you have at your disposal should also be considered before making the decision to grab certain opportunities.  When there is not enough resources at hand, you also have to determine if you are willing to take an even bigger risk by tapping other sources.  A balance of aggressiveness and prudence is extremely necessary when financial considerations are laid out.  When it comes to putting your company’s financial sustainability on the line, it is best to err on the side of caution.

Being prepared for the kind of business opportunities that might come up is a good way to facilitate the decision making process.  You can simulate scenarios during your business planning sessions with your management team.  This will allow you to pinpoint conditions or factors that will be critical in the evaluation process.  Since you are only simulating the scenarios, you and your management team will have ample time to think about your decision.  When the scenarios present themselves in real life, it will be easy enough for you to quickly weigh the pros and cons given your present circumstances.  With this kind of preparation, you do not have to worry about missing important opportunities that could take you closer to your business goals.

Image Credits:
Stock Images – FreeDigitalPhotos.net

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Coming Up

The people who dare to dream and follow their dreams, achieve them. Making a commitment to daily action to achieve a dream is what makes it possible. Daydreaming without action will result in wasted time. People who commit to daily action without following their dream waste their passion. Once people explore who they are, what makes them tick, what their purpose is, make a plan to follow that and set out to make it happen, they find they are successful.
daydreaming
Dreams matter. People who work at anything else from their dreams typically experience burn-out. It’s the people who follow what they love who are most relaxed, peaceful and content. People thrive when they don’t feel like they are working because they are doing something that they love. People need to explore what their dreams are and think of ways to follow those dreams and make money while doing it. Although people need money, a way to discover which passions lie inside is to consider what would be done anyway without financial compensation. People who love doing a certain thing find it rewarding to do that thing alone. However, people need money too. Getting paid to do what’s loved is a win-win-win.

There are some who love people. They love helping others. They enjoy serving others. These are wonderful people to be around. They make everyone feel welcome and happy. These type of people do well when dealing with the public. They thrive in stores that focus on good times and happiness, such as a Cold Stone Creamery franchise. They thrive in environments filled with people seeking fun and togetherness. Another avenue to explore would be a quaint café as it provides an intimate setting for people to talk and connect.

There are some people who love to teach. They may have a unique perspective on the world that others typically don’t have. These people serve to encourage others. They set people free with the truth. They thrive on helping others in this sense because they highly prize the virtues in life. They enjoy seeing others do well and achieve mighty things. These people typically thrive from being life coaches or speakers at events.

Everyone is needed in some way or another. The world is filled with so many different people because everyone has something unique to offer that no one else can. Instead of hiding behind a desk, find out what’s inside. Explore that passion. Someone out there is waiting for this gift.

Image Credits:
Pixabay.com

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Creating a Welcoming and Supportive Working Environment

A positive working environment is the key to a successful workplace and an effective team. You want your employees to enjoy coming to work and achieving the team’s goals. A supportive and welcoming environment does not need to be a difficult feat. Here are some tips to creating a workplace that your employees appreciate.

Positive dialogue

positive dialogue

Allow your employees the opportunity to come to you if issues arise. They should respect you as their superior, but not be discouraged in coming to you. Creating an open forum, or open door policy will allow you to address issues immediately when they arise. Your staff should also expect that you would come to them with issues to address as well. Open and positive communication that attempts to create understanding and resolution will make your employees feel safe and supported.

Positive feedback

Open communication should also include positive feedback. Praise your employees in front of their peers. Positive communication among the team can instill a sense of achievement to your employees. It can also encourage others to strive for higher praise as well. Be supportive in public and give constructive criticism in private. If an employee must be reprimanded, or given constructive criticism, do this behind closed doors. In attempting to resolve an issue, provide a resolution and positive reinforcement.

Create a safe environment

Ensuring that your employees feel safe and well looked after includes having a hygienic and secure workplace that adheres to national standards. Overflowing bins, poor desk structuring and rubbish on the floor are just some of the things that could lead to a negative and unhealthy workplace. To know what your responsibilities are, consider contacting a legal specialist such as http://sinnamonlawyers.com.au.

Energetic atmosphere

Create a positive, fun, diverse atmosphere for your staff. Allow them opportunities to break up the workday; some work tasks can be boring and uninteresting. These tasks are achieved still because the rest far outweighs the not-so-good. A strict workplace may be for safety reasons, but maintaining an energetic workforce and atmosphere among staff can be the difference in work output and efficiency. If employees enjoy what they do and where they do it, the outcome for your organisation will be greater.

Welcome diversity

A supportive and welcoming environment is one where all people from any background can feel safe and understood. A diverse workforce is a great benefit for any organisation and can assist you in growing with your team. When people feel secure in their environment, they will work harder and enjoy what they do more freely.

Mentoring

mentoring

Create opportunities for your employees to connect. Give new employees the chance to get to know the workplace, the people, and what is expected. Cultures are learned, but having someone who has been around for a little while will instill a more positive outlook on a new employee. Invest in making every employee feel welcome. More veteran employees need support and opportunities for growth just as much as new employees.

A positive environment for your staff can be as simple as a smile, or a warm greeting each day. People respond to positivity. When the workplace is positive, subconsciously, employees will approach their work in the same way.

Image Credits:
StockImages – FreeDigitalPhotos.Net

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The Biggest Business Transactions in History

These days, we’re used to seeing headlines about big business deals involving Facebook, Google, or another tech company. But while those deals are impressive, it turns out that they don’t even crack the top ten of biggest business transactions of all time. We crunched the numbers to find out which deal would take the title, and in fact, the biggest business deal in history may surprise you.

biggest business deals

The era of big business deals began in 1708, when the British East India Company bought their rival, the English Company Trading to the East Indies. This transaction was sealed with a loan to the government for exclusive rights to British trade in India for 3.2 million pounds, the equivalent of $722 million in today’s currency.

In following years, major business transactions reflected the dawning Industrial Age. For example, in 1901, U.S. Steel was founded by the merger of the Carnegie Steel Company, the Federal Steel Company, and the National Steel Company, which J.P. Morgan bought for $492 million (or $13.95 billion today). Eight years later, General Motors purchased Cadillac for $4.75 million, or $1.21 billion in today’s currency.

In 1998, one of the most famous transactions took place when Exxon purchased Mobil for $80.3 billion, or $116.02 billion today. Two years later, America Online purchased Time Warner for more than twice that amount- $186.2 billion, or $257.84 billion in 2014.

Impressive as these numbers are, they’re still second to Vodafone’s 1999 purchase of Mannesmann. This landmark deal was made for $185.1 billion, or a stunning $263.2 billion today, and the transaction created the largest mobile phone operator at the time, with over 42 million customers across Europe in 2000.

Recently, tech deals have grabbed people’s attention. In 2014, Facebook acquired both Oculus Rift and WhatsApp for $2 billion and $19 billion, respectively. Google, similarly, bought Nest for $3.2 billion in 2014 and Motorola Mobility for $12.5 billion in 2011 (or $13 billion in 2014). While a tech deal has yet to top the Vodafone-Mannesmann deal, there’s reason to believe that a tech deal will soon take the top spot.

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Increase the Value of Your Home: Exterior Stage

Are you moving out? Then you are most certainly putting your old home on the market. But you have to know that before doing this, you need to make sure that it is presentable enough to attract its new residents more quickly. That is, certain renovations might be a good idea. They will not only help you sell your home rapidly, but they will also ensure that you will be paid a more substantial sum of money than you initially expected. And I am sure that the first thing that pops into your mind when you hear the word renovation is something that concerns the interior of the property. Yes, it should be neat and clean, electrical and plumbing systems should function properly, a coat of paint should be applied here and there, etc. But your home’s exterior is what visitors see first. And if it looks shabby and neglected, then you are not particularly likely to find buyers any time soon.

home exterior
http://s0.geograph.org.uk/geophotos/02/54/46/2544654_4924f914.jpg

A New Colour

I really cannot think of cheaper and easier way to completely change the look of your home than a new coat of paint. Opt for a natural, but distinctive colour. Yellowish and earthy tones are among the most suitable choices. If you are a more extravagant person, you can select something way brighter. Yet, keep in mind that this might actually drive any potential buyers back. So, I suggest you stick to the more moderate shades.

Front Door Refurbishment

Real estate consultants advise that one should not undervalue the importance of the front door. This is why you need to make sure that it looks as if it is new. You might even install a new one, if you can afford it. This will certainly be a good investment and will increase the overall value of your property. After all, it is the door that visitors first glimpse upon entering a given premises. What is more, make sure that your bell is working – this also makes a good impression.

Another thing you might want to do is to build a portico or some sort of an awning above your front door. These will also be relatively small investment, compared to the sum potential buyers might offer you for providing them with an overhang where they can securely look for their keys while it is raining dogs and cats outside.

• Landscaping

No one likes decrepit gardens. So, no matter whether you have a huge or a limited outdoor space, make sure that it looks as attractive and well-kept as possible. And if gardening is not among your elements, then it is probably better to hire a professional. Lawn mowing, hedge trimming, tree pruning are among the things that definitely need to be performed. Flower patches with nice, multi-coloured flowers as well as garden decorations such as gnomes, lights, etc. will also certainly increase the value of your property.

• Clean the Mess

Fallen leaves, numerous knick-knacks and litter, scattered all around your yard, and some such things – you need all those gone. Gather your family members and clean your outdoor space together. This might not only be extremely funny, but it will also help you increase the price of the house. And the best part is that it will not cost you anything. You will only need to spend two or three hours of your Saturday afternoon.

These were only few of the countless ways in which you can renovate your home’s exterior and, thus, increase its overall value. You can opt for all of them or you can come up with some of your own. It all depends on you and your budget. Just make sure that your place is clean, presentable, and functional and you will certainly find its new residents, who will be ready to pay a fortune for it, more quickly.

The tips are provided by Fiona Grayson who works for DomesticCleaners Kennington. She gave some tips on how to refurbish the exterior of your place and, thus, increase its value when you put your old house on the market and not only.

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