Prioritisation: Everyday we take literally hundreds of decisions in our lives. The net position of our lives on any given day is a reflection of our several thousands of decisions in the days and years before. Prioritisation makes it possible for us to set and pursue goals on a daily
Factors to Consider Before Going into Business: Traditionally, people have the option of either working in a paid employment or go into business. Paid employment can be in either the private or public sectors. Any career option that one takes is quite as good as the other. What is important
Business Planning: Our last write up was on ‘Testing Business Ideas’. This was basically to enable you check the possible feasibility of your business idea. I strongly suggest this first stage so that you do not commit resources on the more detailed business planning only for you to realise that
Testing your Business Ideas: Succeeding in business takes a number of several things done right. After coming up with an idea, it is imperative that it is tested to ensure that it meets basic commercial considerations before additional resources are committed to it. Let us call this ‘test of feasibility’.
How to Generate Business Ideas: We should first understand that businesses basically solve some problem or create some convenience for which a sufficiently large number of customers are willing to profitably pay for. Three factors are important here: Solve a problem or create some convenience. This can be by way
Aptitude and Attitude: Our aptitude and attitude play a most important role in the successes we attain in each sphere of our life endeavors. Your likelihood of succeeding as a business entrepreneur depends to a large extent on your aptitude and attitude. It is therefore extremely important that you understand