Insights, Ideas, Results
A country’s economy is like a living organism. It goes through continuous evolution. Old engines of growth decline while the new ones come up to take their place. Few decades ago automotive and manufacturing industries were driving the growth and creating millions of jobs. This was replaced in the last decade with computer and internet related industries. During the economic boom in 1990s hundreds of companies were being created employing thousands of people in a short timeframe.
Owning a business can be hard work, especially when you are trying to grow that business. The New Zealand economy was voted the easiest place to start a business in 2015 by the World Bank Survey. The World Bank Survey ranks 189 economies against several indicators, not only was New Zealand ranked number one for ease of starting a new business, but it was also ranked second in terms of being one of the easiest country to do business in.
Here is a startling fact that you may not know – Businesses in U.S. lose approximately $37 billion in salary cost as a result of meetings! This is equivalent of annual revenue of some of the largest companies in the U.S. Imagine the money that companies can save just by avoiding, or at least being effective in, those meetings. Ask any professional about his opinion on the meetings he has to attend as part of his job and more than likely you will hear lots of complaints. According to Atlassian, employees on an average attend 62 meetings per month. Nearly 50% of those meetings are considered waste of time by employees attending those meetings!
Much like setting up any other type of business, starting your own car dealership requires lots of planning, budgeting, and paperwork. Depending on your circumstances, you have to declare your status to HMRC, whether that is registering as self-employed, or registering as a limited company. As you move on with your business, registering as a limited company may be more of benefit to you, as well as things like getting more appropriate cover from your insurer. Below we discuss several points to consider when setting up a car dealership.
Open office environment has been talk of the town these days. If you visit offices of start-ups n Silicon Valley or even in well established companies the leaders are tearing down the walls of cubicles and putting up open desks. According to International Facility Management Association, nearly 70 percent of companies have open office environment.
The open offices take various shapes in different companies. Some have just long table and chairs along it so employees are sitting side by side. In other places they still keep the cubicle walls, but the height is reduced so that employees can see each other without having to get up. In some other offices you will also find open spaces where employees can gather to discuss.
As a small business owner or an entrepreneur your resources are very limited, which means you have to watch your cash flow very carefully. Every penny saved is a penny earned. Making your money go further will help you stay in the business longer and compete effectively in the market. There are number of ways in which you can save money on your everyday operations. Here are few of the important suggestions you can follow to succeed as an entrepreneur.
What did Martin Luther King, Nelson Mandela, Winston Churchill and Gandhi have in common? They were all excellent communicators. Their speech could galvanize the entire nation and spur everyone to follow their footsteps. Think about what they have accomplished by defining a clear vision and communicating that effectively and in simple terms so that even tan illiterate person could understand what he was being asked to do, and would do it without asking any question.
Such is the power of effective communication. While good communication is no doubt important in politics, its importance is no less in the business world. When you think about it a business leader is tasked with the same mission as a political leader – to galvanize the entire organization to rally behind him and give everything to the business he works for so that the business would prosper.
What is an important criterion to determine success in business – Intelligence Quotient vs. Emotional Quotient? The debate of importance between IQ and EQ has been going on for quite some time. Some argue that IQ has been standardized over number of years and hence is a pretty good indicator of a person’s ability to deal with the challenges of business. On the other hand, there are people who make a case that IQ has nothing to do with the success of failure in business. It is how you deal with your own emotions and those of others that helps you succeed in business. So who is right? What is more important IQ or EQ? Let’s understand what they are and how they help a person succeed.
Engineering is one of the most reliable, thriving industries out there. No matter how the economy is performing, there will always be a demand for good engineers. We will always continue to build higher, explore further, and invent new technologies. Engineers are at the heart of these industries, and there’s a secure, exciting future ahead. However, not all of us fit the mold for working at a traditional engineering firm.
Some engineers also have an entrepreneurial heart. After all, the engineers are the world’s best inventors. So, how does an engineer start building a business? How do they compete with the biggest companies in the industry? In this post, we’ll dig into the specifics of starting an engineering company. Think you’ve got what it takes?
Every small business owner has a dream of growing his business to become next Amazon.com. The sad reality is that there are very few of them who can get there. The key challenge for many small business owners is to grow the business with the limited resources they have. As it is said that it takes money to make money. Whoever can find a way to grow without increasing cost significantly will be the winner in this resource constraint world. So how do you achieve that Holy Grail? Here are few tips you can use to minimise your spending without sacrificing growth.
