- Motivate people. Why
are the employees there? What keeps them with your organization and
stops them from going somewhere else? What makes the good days good?
What makes them stick with the organization after a bad day or a bad
week? Don't assume it's money - most people are more complex than that.
- Remember, our values are what make us "tick." If you manage by respecting your team's values, they will give you their best effort.
- Ask the employees how they're liking their job on a regular basis. Encourage them to be honest with you. Then take action based upon what they tell you.
- Offer perks that your employees will value. If health is important to them, give them time to go to the gym and work out. If their family is important, respect the time they may need to send their kids off to school in the morning or pick them up in the afternoon.
-
Make people feel good. The successful manager is great at identifying his employees' strengths and applauding them every once in a while. That's because good managers know that happy people make productive people. Try to applaud your employees' strengths both publicly and privately.
- In a meeting with your boss, for example, mention something one of your workers did well. If your boss happens to mention to that worker that you said something good about them, they're likely to feel that you appreciate them and made the effort to put in a good word. That sort of compliment doesn't go unnoticed.
- Privately laud what your employees do well. Tell them when you have a moment. Go into detail. A private chat, however short, can have a positive impact on morale, resulting in more self-motivation.
-
Tell your employees how much you appreciate them from time to time. Just go out and say it. Ask them out for a cup of coffee and tell them what you appreciate about them: They're a hard worker; they effectively motivate other people; they're easy to coach; they're disciplined or go the extra mile; they always cheer you up, etc. Don't mince words — just tell them straight out. An employee who knows just how much they are appreciated will work harder, enjoy what they do more, and pass that psychic happiness along to other employees.
Friday, February 6, 2015
HOW TO BE A GOOD MANAGER/BUSINESS OWNER
A SUPER ENTERPRENEUR.
10 Differences between a Businessman and Entrepreneur
1. On the originality of idea
A businessman can make a business out of an unoriginal business or product idea. He enters into existing businesses, such as franchising and retailing. He chooses a hot and profitable business idea regardless of whether it is his original idea or borrowed from someone else.
An entrepreneur is an inventor and the first creator of a product. He invests time, energy and money on his own idea. He doesn’t start a business from an unoriginal idea. That is why he starts on a startup while a businessman starts on a business.
2. On the purpose of doing
Most businessmen are doing business for profit, livelihood, for reaching their financial goals, and for becoming their own boss. Though, there are some business people who are not profit-oriented but people-oriented, that is, they are more concerned on the welfare of their workers and the satisfaction of their customers.
Entrepreneurs are more concerned on changing the world. They want to pursue their passion and achieve an ultimate goal. They are not keen on financial returns, rather they are focused on what they can offer to the world. Their purpose for entrepreneurship is simply to make a difference in this world.
3. On the degree of risks taken
Businessmen take calculated and managed risks. They cannot afford to lose money and suffer from bankruptcy. That is why they always do the Math when it comes to business.
Entrepreneurs are like sky divers. They take crazy risks. They often don’t care of losing time and money just to pursue their passion. But since they do it with love, joy and passion, they often gain extraordinary rewards. Entrepreneurs, since they do the things they love the most, they do it with the best of themselves, resulting to greater success.
4. On how he treats employees
A business owner is an employer and a manager. He hires employees and workers to help his business grow.
An entrepreneur is a friend and a leader. He finds peers and PEOPLE, whom he will never treat as machines. He invites them to help them grow.
5. On how he treats customers
A business owner usually sees customers as his source of sales and revenues. For him, customers are the lifeblood of his business.
An entrepreneur sees customers as his source of duty and fulfillment. For him, customers are his own life blood.
6. On how he sees the competition
A business owner tries hard to beat his competitors and win the competition. He also considers cooperation rather than competition to achieve certain goals.
An entrepreneur tries hard to beat his worst competitor – himself.
7. On what he thinks of money
Losing money is one of the biggest worries of businessmen. Most business owners rely on a good economy to start, operate and attain success in business, especially in the retail, franchising and financing industry.
Entrepreneurs do not worry a lot about money since they can always start from a scratch. Some entrepreneurs don’t really care about money at all.
8. On how he deals with time
A businessman doesn’t waste time. He always check the clock and doesn’t want any work or output to be delayed out of schedule. He is fast and always on the go.
An entrepreneur works like an artist or a scientist in a lab. His product is his masterpiece. That is why he can be slow and could spend a longer period of time to finish and perfect his product.
9. On how he sees the world
A businessman sees the world as an opportunity. He sees it as an opportunity to make a living. He also sees it as an opportunity help the people living on it.
An entrepreneur sees the world as a duty rather than an opportunity.
10. On how he defines success
A businessman defines success as the success of his business and its stakeholders. Its stakeholders include himself, co-owners, employees, customers, investors, and even his community.
An entrepreneur doesn’t define success. He simply do his job and let history defines the success that he accomplished.
Remember that this list is only according to my own opinion, and I don’t mean to put one of them on top of the other. Both businessmen and entrepreneurs are supposed to be the kind of people that our world needs. A businessman needs an entrepreneur. An entrepreneur may also need a businessman. There can also be a person who is partly a businessman and partly an entrepreneur.
Thursday, February 5, 2015
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Wednesday, February 4, 2015
Financial Reports
A: Annual reports. Quarterly reports. Proxy statements. These are just a few of the financial documents companies provide to investors that reveal their internal workings.
Sadly, few investors take the time to even glance at these documents, which are some of the most critical. Companies must disclose essential data about their operations, financial standing, risks and even executive compensation in these reports.
Financial reports previously were required to be mailed to shareholders. When that was the case, even the least-interested investors would have trouble ignoring these massive documents when they landed in the mailbox.
But in the era of investment documents being distributed electronically, it's easy for investors to overlook financial reports. Yet the Securities and Exchange Commission makes nearly all company financial reports available, for free. The SEC's Edgar system is an online database that allows investors to view or download the financial statements issued by thousands of companies.
The SEC's website, while powerful and comprehensive, isn't designed for casual investors. Some users might get confused with some of the navigation of the site and have trouble finding the financial documents they're interested in.
There are some alternatives for investors who want to read financial reports, but might be confused by the SEC's site, including:
• The company's investors relations website. Most large companies maintain a stand-alone area on their website that houses all the key financial statements. You'll find earnings press releases and the key financial documents, including the annual report. Some companies will also provide transcripts from conference calls and investor presentations. General Electric, for instance, lists all stock information and financial data on its website.
Be careful, though. When investing in companies, especially smaller firms that don't have the same oversight from regulators and auditors, make sure the documents are available on the SEC's website also. You want to make sure you're reading actual documents that were filed with the SEC, not fabricated documents that were simply posted to a website.
• Third-party sites that access Edgar. There are websites that link into the SEC's Edgar database. These websites typically feature a more user-friendly or powerful website that then taps into the Edgar database. There are a number of services that are aimed at professionals and charge a fee, including Morningstar Document Research.
One free option for individual investors is last10k.com. The site is designed to be more familiar to individual investors and use a more standard method of navigation. Just go to the site and enter the symbol or name of a company. You can then select the type of report, 10-K (annual report) or 10-Q (quarterly report) you're interested in and the time frame.
• Aggregation services. Sometimes investors don't need to actually access the original document. There are websites and services that pull all the key numbers out of financial statements and present them all in one place. Many sites do this, including USATODAY.com's Money section at money.usatoday.com.
Start at money.usatoday.com. Scroll down and enter the symbol of the stock you're interested to learn about in the "Get A Quote" box, and click go. The Quote tab will give you dividend information, operating margin, total debt and other summary information. Click on the analysis tab, and you can see a breakdown of the company's earnings.
CREDITS TO:
Matt Krantz is a financial markets reporter at USA TODAY
Friday, August 15, 2014
BRAIN WORKS
"We current prepare financial reports for different business & Luck enough we are dealing with Instructing entities on Accounting software such as Quickbooks barabaraassociatesltd.blogspot.com
Friday, January 10, 2014
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