Записи с меткой «lab»

HOW TO ACHIEVE GOALS WITH MONEY

              DEFINITION OF MONEY
    MONEY is anything that is generally acceptable as a medium of exchange for goods and services.
Anything that is acceptable as medium of exchange can be called money
   MONEY is the only commodity that is good for nothing but to be gotten rid of.People will do almost anything for money and money will do almost anything for people.money is captivating,circulating and masquerading puzzle.

        THE FUNCTIONS OF MONEY

    MONEY is what money does.Anything  that performs the function of  MONEY is money

     MEDIUM OF EXCHANGE Money is medium of exchange.It is usable in buying  and  selling  of goods and servicse.A worker in a bagel bakery does not want 200 bagel per week .Nor does the bagel bakery wish to receive say ,fresh fish for its bagel.However,money is readily acceptable as payment.

  MONEY is also a measure of value.Soceity uses monetary unit as yardstick for measuring the relative worth of good and services..Money as a common dominanator means that the price of each  product need be stated onlyinterm of the monetary unit.

   MONEY serves as store of value..Because money is the most liqiud ,the most spendable of all assets..

  THE  MAJOR COMPONENTS OF MONEY SUPPLY ARE.PAPER MONEY AND CHEQUABLE DEPOSITS.

QUALIYIES OF MONEY.
   MONEY is durable.
  MONEY is generally acceptable.
  MONEY is legal tender. Our confidence in the acceptability of paper money is because government says they are money.
MONEY is scarce.MONEY derives its value from its scarcity relative to its utility.

                     WHY WE HOLD MONEY.
People want money as amedium of  exchange to conveniently negotiate the purchase of goods and services.Households must have enough money on hand to buytheir needs.Business needs money to pay for labour materials power and so on. All such purpose is called transanction demand for  money.

Important Features of Business Improvement Programs

There are various reliable training centers on the World Wide Web that allow business owners to actively participate to various professional Business Improvement Programs. Such professional training programs account for a wide range of features including business management, innovative sales and marketing strategies, as well as long-term business planning strategies. Solid Business Improvement Programs are aimed at debating both the basics and the subtleties of proper business management, accounting for all relevant aspects regarding profitability, the customer-employee relation, the development of strategies for achieving short-term and long-term goals and so on.

The extended curriculum provided by professional Business Improvement Programs renders such training courses appropriate for any business owner, regardless of the previous level of training in the branch. While inexperienced business owners can rapidly assimilate valuable information regarding proper business management and marketing solutions, well-trained business owners can further enhance their knowledge and acquire a set of innovative strategies for boosting the profitability and the longevity of their business.

A complete Business Improvement Program can actually guarantee success in virtually any type of business. Considering the fact that all businesses share similar characteristics, following common patterns of development, a reliable Business Improvement Program can enhance the potential of any business, regardless of its nature, size and market position. Structured on multiple levels, Business Improvement Programs rigorously explore and debate a wide range of subjects related to business planning, management, and development, familiarizing attendants with the entire process of running a business.

Professional Business Improvement Programs are taught by the best professionals in the branch, allowing attendants to acquire vital information regarding proper business management. The training programs are well-structured and contain comprehensive materials, stimulating and facilitating the process of learning. Unlike self-study oriented programs, professional Business Improvement Programs involve active participation, allowing attendants to interact with both «business coaches» and the other trainees. In addition, people who participate to Business Improvement Programs are encouraged to freely express their ideas and confront their opinions with other business owners. Business coaches offer prompt and extended feed-back, ensuring that all participants understand the issues discussed during the program.

It is important to note that Business Improvement Programs are not solely focused on theoretical courses. Professional programs often include seminaries and laboratories which are aimed at developing a set of practical, managerial, negotiation and interaction skills and abilities, crucial in the process of achieving and maintaining a successful business.

By attending to a professional Business Improvement Program, business owners can rapidly assimilate a complete set of knowledge and practical abilities, vital in the process of management. With the help of such training programs, business owners can effectively increase sales by implementing new marketing strategies and by attracting new potential customers to their business. Thanks to their proved efficiency and reliability, Business Improvement Programs are recommended by thousands of business owners worldwide!

Know Your Business Inside and Out

Really understanding your business and your industry is a key step towards becoming successful. It’s not about just opening a book and thinking you can learn what to do to make your business thrive. There are a lot of different aspects in business. Things like management, marketing, human resources, and taxes that have to be understood. In addition you need to understand exactly how they apply to your business.

When we think about the management issues of your business what comes to mind? Maybe what kind of skills might your managers need. What kind of compensation will be required to attract good help? What kind of positions within your organization may need to be staffed in the coming years? And where are you going to find qualified managers or will you need to train them from the ground up. It’s these kinds of questions that you need to ask yourself so that you can learn more about your business.

In small business you have to be concerned with the marketing of your services or products. Do you know what kinds of advertising methods are best for your business? Do you know the costs of those kinds of services? Have you checked on the competition lately to see what methods they use to sell their products or services and do you know what kinds of prices they charge? Have you taken the time to develop an effective marketing plan? Marketing your small business is not an easy task and the things that have worked so far may not be effective in the future. Do you know what other methods you might be able to turn to if something you use today fails?

When we consider the human resources portion of a small business it is possible to find many questions that will need to be asked. Things such as how much should your employees be compensated? Do you plan to offer helth insurance or if you already do is your plan the best you can get? How will you handle employee reviews and the issue of raises? What do you plan to do if you end up needing help quickly? Will you use a temporary labor agency or do you have an alternative method. There are many questions in the human resources field that should be answered.

One of the most horrible subjects out there is always taxes. Can you do your taxes or do you rely on someone else? Are they doing the job right and are they saving you as much money as they can? Do you know how to handle payroll taxes and sales tax? Are there specific taxes that apply to your state? Something like a headcount tax maybe? How about if you sell items across the state line or operate locations in other states do you know the tax laws for those states?

There will always be questions in business that need answers. It’s up to you to take the initiative to search out those answers and ask yourself whatever other questions you might be able to think of. The old clich?hat knowledge is power is especially true in business. And as a small business owner you need every edge you can get.

International Trade and Import & Export

If you happen walk into a store in London and are able to buy a Banarasi Sari (a Traditional Indian women dress) then you are experiencing the effects of International Trade.

For any Nation that is considered to be a world power, International Trade is an important source of economic revenue and may even have a significant share of gross domestic product (GDP). International Trade has been taking place between countries since medieval times through trade routes like Silk Route etc. In today’s modern times due to industrialization the face of International trade has changed through MNC’s, outsourcing and globalization.

In simple words the exchange of certain specific technologies, capital, goods and services (in bulk) between nations as per their requirements is International Trade. It opens up a sea of opportunities for the nations. International trade allows nations to expand their markets for both goods and services that otherwise may not have been available in other countries. Import and Export is the basic method by which the International Trade occurs. Nature has not endowed everyone with everything, some nations have something and some others have the other things. So in this context it becomes all the more important for trade to take place between the nations. Importing means getting something you need from other nation and exporting means giving other countries what they need from you. A great way to expand your business internationally is by importing and exporting goods. Companies taking part in international business have been known to grow faster and fail lesser.

International trade gives rise to a world economy where supply and demand or prices of the goods and services are affected by global events. Political change in India, for example, might result in an increase in the cost of labor and raw materials, thereby increasing the manufacturing costs for an American Garment manufacturing company based in India, which would then result in an increase in the price in the American Market. This type of trade brings not only increases the efficiency but also increases the opportunity of Foreign Direct Investment in the country. It also helps the countries embark the path of specialization and therefore make more efficient use of resources, international trade has potential to maximize a country’s capacity to produce and acquire goods for example India is world known for IT services, Japan for it’s Technological know-how, China for bulk and cheap manufacturing etc.

Global Trade also gives consumers and countries the opportunity to be introduced to goods and services not available in their own countries. If companies are ready for international trade, the government in each country offers a number of programs to help them get started. There are very strict regulations on import and export business so it is critical that firms understand which of these regulations apply to them and the implications. They also have to abide by the trade agreements regarding the goods between the two nations.

Information About Professional Recruiting

Recruiting good employees can be difficult for a small business. It sometimes seems that you are stuck in neutral. You just seem to go through one employee after another. So what kind options exist for your business? Here are four ways that you can approach the problem besides placing another classified ad in the paper or resorting to a help wanted sign on your door.

The first method that you can try is a recruitment agency or professional employment agency. We’re not talking about a temporary labor firm but an actual staffing firm. These companies actually have a pool of potential candidates for you to choose from. People that are looking for permanent positions. The agency receives a resume from them and conducts a brief interview. Then they try to match the candidate to an employer. The employer has already said what the position available is and what kind of applican they are searching for. Once potential candidates are identified they are then sent to the employer’s jobsite for an interview. Then both the candidate and the potential employer can determine whether they think this would be a good match for them.

The next method and also the newest way to recruit help is to use an online service. Usually such websites will feature a job board where employers for a fee can post openings within their businesses. Also candidates can upload their resumes in the hopes of attracting a potential employer. The employers also for a fee are able to search through these resumes to find qualified candidates for their job opening.

Now we have the headhunters. If you are a small business owner this resource should only be used as a last resort as it can often be extremely expensive. So what do headhunters do? Well they hunt down the talent that your business is looking for. Usually they find that talent working for another company. Once they’ve identified potential candidates for your business then they will work to recruit them for you. Headhunters also work with your candidates to prepare them for your interview and negotiating their salary. But headhunter fees can be very high often up to 30% of the candidate’s annual compensation.

The final method usually only applies to larger companies that are trying to recruit new employees. They can use in-house recruiting. This method consists of using their own human resources departments to coordinate multiple efforts such as employment agencies, online services and running their own classified ad campaigns.

Not every method will be appropriate for your company. Many factors will determine what route you will need to follow. But these are some of the choices your business has available to it. If you decide to use an outside agency then you’ll need to research them carefully. Some will specialize in certain types of workers and the fees will vary. But if you have had trouble in the past finding qualified candidates for the jobs you have available then these options might help in your search.