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Owning a business is something that is as difficult as managing a business. at at a point in time one would need to hire a manager to oversee the affairs of the company. Some of those you hire you may know very well, while others you add, maybe not so much to the workplace. These managers have...

An entrepreneur whose aim is to succeed in any industry must have basic understanding of the business and industry as a whole. Many young business owner and aspiring entrepreneur most asked question is "what type of Knowledge is needed to be successful in doing business?". We various types...

In recent years, the labour market in most developing countries have a similar trend when it comes to employment of an experienced skilled labour. Newly established firms attract more experienced due to their ability to pay more for their services than a already established firms that seek to...

For a business to be successful in today's economy you have to come up with a fantastic business idea. Why is thinking is known as the smartest skill of a business owner? People these days think speaking out in a public will make them wonderful true enough. See I am a person who thinks a lot...

Being disciplined is an essential characteristic of an entrepreneur. For an Entrepreneur to maintain the level of output demanded by the business, he must be disciplined. Looking at how disciplined most successful CEOs are, you will agree with me that their level of success in business is...

Having carefully studied established businesses, over seventy percent (70%) of payroll expenses is foe expenses of experienced staff members. Top companies may more to keep such a valued asset to their company with better packages. Whenever an experienced staff member resigned from a company...

Most successful business men have their own share of failure. For most of them who failed as young entrepreneurs now have successful business they own. Steve Jobs once said “I didn’t see it then, but it turned out that getting fired from Apple was the best thing that could have ever happened...

The level of commitment of the business owner and available resources will go a long way in determining the success of any business. Other external factors that might affect growth rate of the company include type of business and industry the business operates. It's important to have a good...

As an employee, I always admire Leaders I have been opportune to work with. They try new things even if it fails. They know that failure is linked to success and there is no way you one can avoid that in business. Managers work to minimize risk and always wants to control problems rather than...

Social media is a useful tool to promote your business to potential customers and gain valuable insight through campaigns. Through campaigns, you will be able to get feedback on what customers are saying about your products and brand, gain insight into their behavior, identify keywords and...

If management does not clearly define performance expectations or follow up with employees about their levels of productivity, the company will experience low level of productivity and hence reduced level of output and revenue. Reduction in labour productivity experienced by most organization...

For an entrepreneur, the retirement age is not fixed and many would want to stay in business to be relevant in the business world. 50yrs of age is an ideal time for me quit being in charge of a business, because I'm the type that wouldn't want to stay beyond 25Years in business. I know it...