QUESTIONS TO ASK YOURSELF BEFORE STARTING A
BUSINESS 1. What do I have the resources, ability, interest, and contacts to
do? 2. Do I have the necessary commitment needed to succeed in a business
undertaking? 3. Am I prepared to work extremely hard, to devote long hours of
labour to my business? 4. Do I have the mental stamina and concentration to
meet the demands my project will impose on me? 5. Do I accept new ideas easily?
6. Do I treat people with courtesy? Do I have good human relations skills? 7.
Am I able to make decisions right away? How do I deal with problem solving: Am
I prepared to spend time analyzing a problem and find a solution? Or am I the
type who just closes his eyes and hope for the best? 8. Am I ready to commit to
the long term, knowing that a company’s success is never an overnight miracle?
9. What back-up resources do I have? Will my family members or friends invest
in my company or tide me over during a rough patch? 10. Am I good at
concentrating on details? 11. Am I ready to sit down and write a careful
analysis of my business prospects? 12. Am I by nature an optimist? Knowing that
mistakes and setbacks are bound to occur, am I able to learn from my mistakes
without being derailed or discouraged?
The world is an educational institute and EVERYONE living, irrespective of age, race, or social status, is a student. Through this medium, I have the honour of sharing the lessons I'm learning in my evolution as a student in the Institute of Life. The pieces you read here are the products of my personal meditation and the contributions of other people that I have been blessed by. Have a nice time reading and please feel free to respond to them as you deem fit. Welcome to my World!
Followers
Thursday, 16 February 2017
Wednesday, 15 February 2017
Heavenly Principles of Trading (Part 5)
CLIENT SERVICE AND
CUSTOMER/GOVERNMENT RELATIONS Proverbs 21:6 Getting treasures by a lying tongue
is the fleeting fantasy of those who seek death. Proverbs 17:23 A wicked man
accepts a behind the back to pervert the ways of justice. Proverbs 25:26 A
righteous man who falters before the wicked is like a murky spring, and a
polluted well. Proverbs 29:4 The king establishes the land by justice: but he
who receives bribes overthrows it. WEALTH CREATION Proverbs 20:21 An
inheritance gained hastily at the beginning will not be blessed at the end.
Proverbs 13:11 Wealth gained by dishonesty shall be diminished: but he that
gathers by labour shall increase. Proverbs 28:20 A faithful man will abound
with blessings: but he who hastens to be rich will not go unpunished. Proverbs
28:22 A man with an evil eye hastens after riches, and does not consider that
poverty will come upon him. Your Personal/Corporate Image Proverbs 22:1 A good
name is to be chosen rather than great riches, loving favour rather than silver
and gold. Your Personal Hygiene on the Job Proverbs 23:4: Do not overwork to be
rich: because of your own understanding, cease. WRONG REASONS TO GO INTO
BUSINESS 1. Because you are sick and tired of being told what to do 2. Because
you want more freedom 3. Because you feel unappreciated or undervalued in your
present job 4. Because you want to make a lot of money 5. Because you want to
improve your standard of living 6. Because your friends or loved ones are going
into business 7. Because other people are doing that kind of business and
making much money from there 8. Because it is the reigning business in town
Tuesday, 14 February 2017
Happy Valentine's Day
The power of love in a community can never be underestimated.
It can heal a wound and even lighten the world. This is why we celebrate this
day with you all.
Happy Valentine’s Day, from the Thrive with Babs
Academy
Monday, 13 February 2017
Heavenly Principles of Trading (Part 4)
PRICING Proverbs 15:27: He that is
greedy of gain troubles his own house; but he that hates bribes shall live.
Proverbs 10:2: Treasures of wickedness profit nothing: but righteousness
delivers from death. Proverbs 16:8: Better is a little with righteousness than
great revenues without justice. Proverbs 28:8 One who increases his possessions
by usury and extortion gathers it for him who will pity the poor. Marketing
Proverbs 11:26 He that withholds corn, the people shall curse him: but blessing
shall be upon the head of him that sells it. Proverbs 20:17 Bread gained by
deceit is sweet to a man; but afterwards his mouth will be filled with gravel.
Marketing answers the question of who is going to buy your product or service
and how, where and when are you going to sell it to them? Marketing is like the
striker on a soccer team. Marketing scores the goals or makes the sale. Just as
a striker must be skilled in handling the ball and in shooting it, so must
small businesspeople need to develop skills in handling customers and selling
their product or service. Marketing involves knowing the opposition and the
playing field and developing strategies to take advantage of team strengths and
opposition weaknesses. Just as the striker must finish the play to win the game,
so in marketing the businessperson must close the deal and follow through with
it for the business to succeed.
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