STARTING YOUR OWN BUISNESS

Large corporations

2010-09-03T13:42:00.000+07:00

The development of corporations has turned out to be a great boon for American as well as world economy. Basically a corporation is understood as a lawful body that entitles a group of people to act as unit or an individual. But since past few decades a new dimension is given to the term corporation. Corporation now refers to both profit and non-profit businesses that are identified or classified according to their tax structure. Corporations are taxed differently, not like normal businesses. On the basis of taxation, corporations are divided into two categories- C- corporations and S-corporations.

C-corporations are those that are required to pay income taxes and to kill or finish the deductions on dividends paid to stockholders. C-corporations comprises of the companies that are publicly traded on stock market. The C-corporations are quite common and dominant nowadays. While small businesses and businesses with sole proprietors fall in the S-corporations category. The S-corporations do not pay any corporate taxes. Here all the gains and losses so incurred are directly passed to the private stockholders who then adjust their personal income taxes according to it.

The corporations that are largely prevalent these days are the public corporations. These corporations are owned by a set of stockholders who purchase stocks that are traded in brokerage houses. The owner/s seeks the report from the individuals running the corporation. The public corporations move ahead on the decisions taken by the members Board of Directors. The members of Board of Directors are appointed or voted for by the stockholders. These members are elected on the basis of their qualifications. They are usually eminent people in different fields such as business, politics or academics. The members of the Board of Directors in turn appoint a Chairman who is the highest governing body in the management structure.

A large part of a corporation ‘s management system comprises of the people who run it on regular basis. At the top of the hierarchy are 3 people, the CEO i.e. the Chief Executive Officer, the COO or Chief Operating Officer and the CFO, the Chief Financial Officer. The CEO is the in-charge of the overall business operations while the CFO takes care of the finances of the corporation. The COO governs the sales and production activity and personnel. The CEO can also be the president of the corporation whereas the COO and CFO, the vice-presidents of it.

Apart from discussion on definition and composition of a corporation, it is important to have a notion of corporate welfare. In the corporate sector, Corporate Welfare is the buzzword these days. Corporate Welfare refers to the special or preferential treatment and tax breaks for a corporation. There are various ways to corporate welfares. The foremost is to set-up an offshore office in a country that has lax tax laws. Another way to corporate welfare is via setting up offices or factories at many places and instigating communities into a bidding war of tax breaks. Finally corporation welfare occurs when a corporation is recovered from bankruptcy or huge debts and major difficulties by the government.

However since corporation welfare occurs at the cost of local citizens and small companies, it is the primary issue of concern for the American government today. Though government is taking concrete steps in this direction yet due to some corrupt politicians, clandestinely corporate welfare is at a surge.

Grants for Business

2010-09-03T13:40:00.000+07:00

There are some Government grants that are available for EXPANSION OF businesses (but not to establish a new business). When a government agency makes funds available for a grant, it places an announcement in the Federal Register which is issued every weekday. For the major part, these grants are very specialized. Moreover, many Government grants are not available through the year. That is, you can't apply for most of them at any time you wish -- in practical, you can apply for them only when they are announced by a Government agency.

GRANT is not exactly a loan, Attempting to get funds through a orthodox financial institution can be very lengthy and requires loads of paperwork, only to find out that you've been refused. These Government Agencies don't have to work under the same abovesaid requirements that banks do. You work on how much funds you require, as long as it's a legible amount and complies with Government Agencies basis, the fund is yours to keep and you don't have to repay it. This money is interest free and non taxable .None of these plans need a collateral ,co-signers , credit check, security deposits , you can apply even if you have a bad credit or bankruptcy , it doesn't matter, you as a U.S. citizen and tax payer are entitled to these funds.

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While there are still no direct small business grants that can be borrowed from the federal government, many state development agencies offer direct small business grants and other types of financial assistance designed to encourage and help businessmen in starting or expanding a small business

Accounting

2010-09-03T13:36:00.000+07:00

When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.

Cash Method

If you are looking for simplicity, the cash method is probably your best accounting choice. Generally, income and deductions can be claimed when payment is actually received or made. This is best shown with an example.

I open a small business and have to order business cards and stationary. I receive the products and pay the invoice on November 18, 2007. Under the cash method, I can deduct the cost on my 2007 tax return.

Some businesses are restricted from using the cash method. C corporations may only use the cash method if they have less than $5 million in gross revenues for a particular year. Professional Service Corporations can use the cash method without limit, while farming corporations can due so if gross revenues are less than $25 million. Tax shelters are prohibited from using the cash method.

Accrual Method

The Accrual Method of accounting is a bit more complex. Under this method, the focus in on the date the expense is incurred, not paid. Although this may seem a small difference, it can play havoc with your books and piece of mind.

Using our previous example, assume I order business cards and stationary on the December 18, 2006. I receive the products on December 30th, but don’t pay the invoice until January 20, 2007. When can the expense be claimed? It depends on when economic performance occurred.

Generally, economic performance occurs when goods or services are provided to you. In the above example, economic performance would arguably occur when the business cards and stationary were delivered with the invoice on December 30th. Thus, I would be able to deduct the expense for the 2007 tax year.

In Closing

As you can see, the cash method is the easier of the two accounting methods. To determine the best method for your business, speak with a tax professional.

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2010-01-12T23:01:00.000+07:00

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2010-01-12T12:11:00.000+07:00

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Think of networking as the cultivation of mutually beneficial, win-win relationships. In order to be win-win, there must be GIVE and take (notice the emphasis on give). Networking shouldn’t be viewed as “events” where you go to sell your business. When effective networking is taking place, the parties involved actively share ideas, information, resources, etc.
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1. Check out several groups to find the best chemistry and perceived value. Most groups will allow you to come and visit at least a couple of times before you have to join. Go and ask around to find out why others have joined and what value they get out of belonging.
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Resist the urge to just go join the Chamber of Commerce simply because everyone tells you that’s what you need to do. If that’s not where your target group can be found, then you might just be wasting a considerable amount of time (and money).

I’m not telling you not to join the Chamber. Just be clear about what you’d like to get out of this or any other group. If it’s to find prospective clients or referral sources, then you need to be networking where those resources can be found.
2. When you find a group or two, join and go to all the meetings you can. Don’t go just once or twice expecting things to happen and then if they don’t quit. Building mutually beneficial, win-win relationships will take some time.
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The contacts you make need to constantly see your face and hear your message. Continual contact with others over time will open up opportunities for you to go deeper and learn more about each others thoughts, ideas and capabilities in regards to your respective businesses.

Know, like, and trust generally only happens over time. Being regular and persistent will pay off.

3. Get involved - be visible. Do as much as you can to make yourself more visible within the organization. Volunteer to help with meetings, be on committees, or become a leader or board member.

Being involved does a couple of things for you and your business. First, you’ll get more opportunities to establish connections and get to know some of the contacts you’ve made even better. Secondly, the higher the visibility you have in the group, the less you’ll have to work to make new connections. Instead, as new people come into the group, they will likely seek you out because they view you as a leader within the organization.
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4. Keep your circles of contacts informed. Don’t just assume that running in to someone once a month (or even once a week) will cause them to start doing business with you or sending it your way. You need to let them know what’s going on when you’re not at that particular group in order to inform and educate them.

Send them invitations to your events or open houses. Send them email or letters to share big news or success stories, especially anything of relevance to them or those in their networks of contacts. If you believe that you have valuable ideas, information and resources to share with others, then doesn’t this just make sense?

5. Work at GIVING referrals and sharing valuable information. That’s right, you need to be willing to GIVE before you get. That means you need to get to know other members and what makes a good prospect for them. What kinds of information might you have access to that could be useful to them?

You may initially think you don’t have much of value to share with others (besides your business and what you provide). Part of the key to getting good at giving is to not make assumptions. For example, don’t assume that some basic resource (e.g., a web site) that you’re aware of is familiar to someone you might be talking to just because they are the “expert” in that field. Be willing to ask if they know about the resource and ready to share if they don’t.
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Want to get better at actually giving referrals? Here’s a simple question to ask someone you’re connecting with. “How am I going to know when I meet a really good prospect for you?”

Just the fact that you are willing to explore giving will elevate your know, like and trust factor.
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Quality connections will be identifiable because all involved parties will be actively sharing ideas, information, and resources. Yes, it is true that you need to spend some time and effort getting to know the other person(s) and what’s important to them. But, you also need to be clear and actively thinking about what information or resources you want and need.
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Staying in touch with and following up with a smaller number of quality relationships will generally be much more productive than trying to follow up with a larger number of superficial contacts.
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Don’t approach networking as a scary proposition or a necessary evil for being in business. Take the pressure off yourself and really focus on how you might be able to connect with someone you meet. Focus on them first and look for ways to be useful to them. As you become known as a connector you’ll eventually be ready to reap what you sow.
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2010-01-12T00:30:00.000+07:00

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This is part of the course when freelancing. Most often there is no stability or guarantee when freelance is involved.

You are hired on a project basis and will be kicked to the curb once the project is complete unless you happen to earn another project right away which is rare to say the least.
100 Habits of Successful Freelance Designers: Insider Secrets for Working Smart & Staying Creative

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Click Here!To help fill the gap between those needing skilled labor and the freelancers that provide the labor there are several web sites that have sprung up.

These sites allow employers to post projects of a wide variety and then the freelancers can bid on those projects. This has become an effective tool in maintaining a steady flow of work for the freelancer, but there are several downfalls to some of these sites.
Freelance Chair
For one thing, there is normally a fee that is charged for using the service. How much and how often varies by site. Normally you will pay a monthly membership fee as a freelancer wanting to bid on projects. This fee can be as high as eighty dollars on some sites, but the average is twenty.

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One should be careful when working with a site like this as it will be much harder to turn a profit when you consider the amount of money you have spent on the monthly fees.

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Freelance Success

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There are also sites that work on a commission basis. This works by paying a percentage of the money that you earned from a project to the site for successfully bidding and completing a project. The commission charged is different with every site and averages around 10%. This system of payment is a lot more popular as the freelancer can simply add the commission amount to their bid to ensure they are getting the amount they need to complete the project.
Freelance Photographer's Handbook: Success in Professional Digital Photography, 2nd Edition
The services offered by these sites are normally wonderful. A project manager is a great tool for tracking the projects that you have bid on and those that you have won. This ensures that nothing gets swept under the rug and forgotten about thus tarnishing your reputation.

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Other sites offer safe payment resources. These payment options are basically escrow accounts where the money is held until the project is completed and approved. This works to provide security for both parties. The employer does not release the money until the project has been completed and approved. The freelancer is guaranteed to get paid for all their hard work.
The Man-To-Man Freelance Circle Offense [VHS]
There are some sites that offer all of these services and remain free for the freelance worker and the employer. They maintain the site through advertising and do not charge a commission or a monthly fee. This has become a very popular occurrence as freelancers can earn more money without having to spend so much in the process.

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Create Video Games As Your Fun Career

2010-01-12T00:23:00.000+07:00

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Do you like video games? Do you beat video games after playing once? Do you feel like the games are too easy? Well, it sounds like you have a passion for these things then you should go where your heart leads you.
Dead Space
If you at the point where you are thinking about your career, I suggest that you do what you love to do. This Fully Featured Flight Sim Will Make You Rich Click Here!You should consider a different course of action: majoring in something you TRULY enjoy... something you could do hours on end without feeling like you are working at all. And if you are like many people, this 'something' would be playing video games.
Gran Turismo 5 Prologue
That's right! You can actually get a job creating and/or playing video games. Below is a list of some of the careers available for those with a video game degree.

1) Video Game Programmer
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Gameinformer Magazine mentions that, video game programmers are the "heart and soul" of the industry. They are the ones responsible for creating the code necessary for getting video games to function. And contrary to popular belief, their jobs aren't always easy. Video game programming often involves creating complex functions and algorithms often times more challenging than programs created in Corporate America.
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Indeed, game programming may not be the appropriate course for everyone seeking a video game career, but if you were deciding to go into the computer field anyway, which job would be more enjoyable... coding the next Halo, or working on a boring, hum-drum piece of no-name software?
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2) Video Game Tester

As a video game tester it is a position in which you truly would get paid for playing video games. According to current game tester Doug D. from Electronic Arts, he say's as a game tester you would "go over different components of a game and look for things that just don't make sense." You would also "break the game," meaning you would "do things a normal user would do and accidentally see something go wrong."
Infamous
Doug Powell further adds that video game testing is a good place to start for young people who want to "break into the industry." To get such a position in it is best to have a "passion for gaming" and some educational background. Doug recommends a degree, or some form of higher-level education.

3) Video Game Animator
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Animators are in charge for coordinating the movement of video game characters. Accomplishing requires more than drawing something on a piece of paper, which according to Alex Jones, an established game animator, occurs after a lot of "brainstorming, chilling, playing, planning and testing" with the programmer. But when the busy work is done, the video game animator will finally get a chance to do what he or she does best... animate. Alex Drouin says the thing he liked best about his job was "being able to come there late in the morning, sit behind his computer, put on a great CD, and then create crazy animation that will end up in a game that will be seen all around the world by gamers." With a video game degree it is certainly possible!

4) Sound Designer
Batman: Arkham Asylum
Sound designers are responsible for creating the music and sound effects of video games. Video game music is created either from digital sources or real-life stimulation. As video game consoles become more advanced, many sound designers favor the latter when deciding on what type of music they want in the games they are working on. Creating appropriate sound effects, on the other hand, sometimes requires more creative experimentation.
Grand Theft Auto IV
To be successful at designing video game sounds it is best to: 1) have an interest in both music and sound, 2) possess knowledge of recording equipment and 3) be familiar with the types of music and sound used in today's most popular video games. A video game degree will help develop these talents and skills.
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5) Game Designer

Video game designers are responsible for creating the 'experience' of a particular game. Charles Perry, a video game designer, sums it up by saying "the main tasks of the designer is to make sure the game is fun."
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Wells further adds that game designers are responsible for macro and micro level design. Macro level design involves "figuring out the core mechanics of the game; the variety of level looks, power-ups, etc." Micro-design involves creating the "actual levels and the moment-to-moment gameplay within those levels... the enemies, the objects, and the particular way you encounter those enemies and objects."
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Good game designers should obviously have an interest in video games along with some drawing and programming skills.

Uncharted: Drake's Fortune

Applying for Work Abroad

2010-01-12T00:12:00.000+07:00

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For many people the thought of finding an ideal overseas assignment and then relocating abroad for a few years is a dream.

For a few people that dream actually becomes a reality.
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So what’s the difference between those who dream about making it happen and those who actually find work abroad and experience a whole new exciting lifestyle away from home?
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Application – that’s what!

Application in the form of applying oneself to the task of finding suitable work abroad, and application in the form of the CV, resume and covering letter sent to suitable employers and recruitment agencies…

Applying yourself: - Are Too Many Jobs Going Abroad? / TIME Cover: March 1, 2004, Framed Art Print by TIME Magazine

If you want something in life, experience should tell you that you have to go out there and get it for yourself. Opportunity seldom knocks on the door quick enough for any of us; therefore if you dream of working abroad you need to start looking for suitable vacancies in your overseas location of choice.

If you speak a foreign language you might be drawn to countries where they speak that language because you will have an obvious advantage over other overseas candidates. If on the other hand speaking English is your only linguistic skill you should either look at opportunities in English speaking countries or target countries like Dubai in the United Arab Emirates where the business language is English and where there are a plethora of job vacancies.

Whichever country you settle on you can use the internet to search for employment offers, recruitment agencies and potentially suitable employers based in that country, and you can then begin contacting them one by one.
Getting a Job Abroad (How to)
Making an application: -

To get anywhere in life it is sometimes necessary to put yourself forward – and if you’re looking for work overseas you’re going to have to put yourself forward to be noticed in the form of an online application or CV/resume and covering letter.

Because your CV will be your initial contact with any recruiter it has to represent you in the best possible light possible.

This means that your resume and covering letter have to be well written; if you’re applying in a language other than your mother tongue you should consider paying for a professional translation to be done because recruiters hate receiving poorly put together job applications. In their view someone who cannot be bothered to make the maximum effort with their personal CV probably cannot be bothered to do a good job full stop and are therefore hardly worth considering for employment. Therefore it is up to you to put together the most well written, compelling and interesting application for employment possible.
Are Too Many Jobs Going Abroad? / TIME Cover: March 1, 2004, Framed Art Print by TIME Magazine
Don’t fill out your CV or covering letter with lots of flowery embellishment, be succinct and to the point. You should illustrate why you think should be considered for employment with examples of relevant experience you have and you should ensure you supply details of qualifications you have, referees who can supply personal and employment references and you should include all your personal contact information.
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Finally, having targeted employers and recruitment agencies and having made the best application for employment possible, you should follow up your application and remain proactive and relentless in your search for that ideal overseas assignment. After all, only those who live their dreams have a chance of true fulfilment.

Small Home-Based Businesse

2010-01-11T13:01:00.000+07:00

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Did you know that, in Australia, 60% of small businesses fail in the first twelve months? For those of us who would like to start a small business -- maybe even work from home -- that’s a very discouraging statistic.
Management Accounting (5th Edition)
Does that mean that your business idea is doomed to failure? Far from it! There are steps you can take that greatly increase your chances of success. With a little time and some serious research you can hit the ground running. Let’s start from the beginning…
Management Accounting: Analysis and Interpretation
The bright idea
First, of course, you need to come up with an idea. Typically, business opportunities can be divided into four groups:
Management Accounting
1. Offering an existing product/service in an existing market.
2. Introducing an existing product/service to a new market.
3. Offering a new product/service in an existing market
4. Introducing a new product/service to a new market.
Introduction to Management Accounting-Chapters 1-17 (14th Edition)
At this stage of the game the only limit is your imagination. Inspiration can come from anywhere -- maybe you have a hobby that you’d like to turn into a full-time job; you may be on the receiving end of bad service one day and decide to try doing it better yourself; or you may have a talent that you’d like to capitalise on.

Once you’ve come across something that you’d like to do, it’s time to take a look at the market and see what’s on offer.

Passing the test

So you’ve had a great idea and you’re keen to roll with it; now it’s time to put it through its paces. For the purpose of the exercise, let’s say that you have a passion for healthy living, and that you want to distribute a range of lifestyle accessories that promote healthy living with a do-it-yourself approach.
Managerial Accounting
Ask around: Is there a market for products that promote healthy living? What sorts of products are available? Who would you be competing with and what do your competitors offer? Do you have the necessary skills to run such a business and -- more to the point -- what would those skills be? Where would your business be located?
Readings in Management & Accounting (5th Edition)
Once you’ve answered those questions you should have a fairly clear picture of what your business will look like.
Management Accounting: Analysis and Interpretation
You source some products and decide to do some further research into the range of lifestyle products offered by a company called Vitality 4 Life. Your own life experience plus some work you’ve done as a dietician has given you the necessary skill sets, and you think that you’ll be able to work from home, giving you more time for family. There is an existing market, but there’s room for expansion. Now it’s time to take a closer look.
Introduction to Management Accounting, Chapters 1-14 (14th Edition)
To be or not to be?

It’s time to get down to the nuts and bolts. You don’t want to jump into something feet first and find out the hard way that the budget just doesn’t work.
Cost Management: Accounting and Control, 6th Edition
To get started, sit down and work out if you need to hire staff, which means paying wages.
Hospitality Management Accounting
If you lease a premises you’ll need to be able to pay the rent, and your location will have to be suitable for your business and target market (which also means that you’ll have to think carefully about just what that target market is). You’ll also need to work out the likely demand for your product/service.

Ok… you’ve worked out that there is enough demand for good quality juicers, sprouters, water filters and other high end accessories to take a shot at a distributorship as a home-based business opportunity. Now you need to make some marketing decisions.
Management Accounting: A Business Planning Approach
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Advertising can be costly so you’ll want to be sure that your advertising budget is spent wisely. That means more market research, this time one-on-one. Profile your customer groups so you can aim your marketing at the right group/s of people.
Management Accounting for Business Decisions
Draw up a questionnaire (a short questionnaire -- people run out patience if you ramble for too long) and hang around outside a few of the local gyms (for our particular example). Come up with a mixture of open questions (What do you think of……..?) and closed questions (Do you have a gym membership? Yes/No.); sliding scales can be useful too.

For our health accessories business, a good question might be ‘How did you hear about this gym? Radio, tv, newspaper, word of mouth etc…’ Such a question would then give you an indication of the types of media that your target group responds best to.
Introduction to Management Accounting, Chapters 1-14 (14th Edition)
Choose a business name, print up some business cards, buy some stock and get ready to trade!

Measure it, manage it!

A teacher of mine made the point that, in business, if you can’t measure it you can’t manage it.
Introduction to Management Accounting (Student Guide) (Ch. 1-17)
You need to be able to plan ahead, and to do that you need to know -- or to be able to accurately predict -- your total sales. The equation is simple: number of customers x average sale x frequency of visits per customer per year = total sales. Remember it, revise it often, measure your business and you’ll be able to manage it!

Managerial Accounting (11th Edition)

Keep an eye on your bottom line and, most importantly, always be aware of your cash flow -- the cold, hard cash that you have in the bank. Allow for invoice periods (14 days, 30 days etc) when you’re planning your budget.
Management Accounting Best Practices: A Guide for the Professional Accountant
The market place has a life of its own, and no one can prepare for every contingency. Put some thought into your idea; make sure that there’s a market for what you’re offering; research, research, research; promote your business effectively; always know what’s going on in your bank account and don’t forget about cash flow!
Management and Cost Accounting
It’s not perfect but, if you follow these few simple steps, you’ll be miles ahead of many new small business ventures. If you’ve heard of a great home-based business opportunity, or have a product or service of your own to market, you’re off to a great start!

Easy Ways To Crank Up The Sales Volume

2010-01-11T12:53:00.000+07:00

Google Snatch UltimatumOkay, okay... the real marketing term here us upsell it, but the word association takes me to McDonalds. You've been there... you pull up to the window, place your order and they always say... "Would you like to supersize that?"
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What bugs me is that I instinctively say, "Yes!" After all, for a few cents more I'm getting nearly twice the amount of fries and beverage. Click Here! We won't discuss the fact that a person with normal size kidneys couldn't possible drink the supersized drink before it goes flat... and that if I were to eat all of the supersized fries I'd be perfect advertisment for an acne medicine company... but hey, I got a good deal!
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When your customers have their wallet out and are reaching for their money, they are ripe for shelling out just a few more bucks to sweeten the deal. In fact, about 50 percent will say yes without a second thought. It's the perfect time to offer an upgrade or an extra warranty.
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2. After The Sale Offers.
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The same idea carries over with your customers. A customer who is happy with the product and service you provided the first time, is much more open for a second experience.
Marketing
The backend product you offer doesn't even have to be your own. Affiliate marketers are rolling in proceeds on ebooks that cover material associated with their products. It's an easy and painless process to market this way... the affiliate handles all the sales, while you collect the commission.
Marketing
3. Reward Referrals
Customer surveys that ask 3 basic questions: What did you like best about the product?, How can we improve the value of the product?, and Who do you know that would benefit from the product?
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In a nutshell, you are letting the customer know that his needs and opinions are important to you, and that you want to help someone else fulfill their needs too. You'll gain valuable insight into customer satsifaction, provide material for valuable testimonials, and get tips on potential customers.
Principles of Marketing (13th Edition)
Upselling, backend selling and referral selling work together to increase the number of sales you net, without increasing advertizing budgets. Try it... you'll be surprised at how easy it is to increase your marketing effectiveness within your current customer audience.

Ways to Maximize Learning

2010-01-11T12:48:00.000+07:00

Here's how to gain the most from training events.
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1) Know what you want

Before the workshop, set learning goals for yourself. What do you want to learn? How can this program help you? What would make you feel that your time was well spent? New Article Submitter Software - Submit To 668 Directories!

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2) Ask for what you want

As the program unfolds, ask questions that guide the presentation toward the information that you need. Also, seek out specific ideas that will help you.
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3) Focus on your success

Rather than fight against new ideas, greet them as possibilities. If the ideas seem unworkable, seek out ways to modify them so that you can use them. Or find parts of them that you can use.
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4) Encourage the speaker

Learning succeeds best when you become involved. Thus, ask questions, make comments, participate in the projects. Pay attention. Let the speaker know that you are interested. This encourages the speaker to do a better job.
Impact Teaching: Ideas and Strategies for Teachers to Maximize Student Learning
5) Care for yourself

Keep your body comfortable so that your mind can absorb more. Take a brisk walk during breaks. This increases your heart rate, which pumps fresh blood through your brain. Avoid eating a large, heavy meal. This sends blood to your stomach and away from your brain.
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6) Be grateful

Thank the speaker after the program. Either write a note or stay to express your appreciation. Also thank the people who organized the event in your company. Seek them out to express your thanks.
Teaching Struggling Readers:How to Use Brain-based Research to Maximize Learning

Techniques To Hyperforming Employees

2010-01-10T17:43:00.000+07:00

As a manager strides into the office among the staff, he has the power to positively shift the outlook of the employee for the entire day.
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Words, gestures, even the expression on your face spell the difference in how an employee perceives your opinion of them. These unconscious actions tell the employee what they mean to you and how valuable they are to you as a manager and to the organization.

Letting the employee feel needed and appreciated is a key factor to maintaining maximum employee morale and motivation. If your employees feel that they play a key role in the company by the work they provide, then they are much more likely to say that they like their job and to strive to better themselves at that job. For many, feeling valued is just as important as high pay, and promotions.

Let's build zest with these tactics:
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1.Let them feel your presence. Coming to work and announcing your arrival is a great way to motivate employees and get them upbeat on the first hour of the day. Striding through the doors and simply saying good morning with a smile on your face can make all the difference in the world.
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2. Verbal Acknowledgement. This kind of commendation doesn’t have to be over dramatic or exaggerated, most times showing respect for your employees by saying simple things like please and thank you are easy and effective ways to motivate your employees.Praise like “you did a great job” when the employee deserves it is sure fire way that verbal praise can work to motivate employees.

3. Lay clear expectations. Communicating deadlines, milestones, and job objectives are essential to completing company mandates efficiently. Sometimes these things are reported very well but they may change. These changes may not be discussed in detail and therefore causes employees to feel that they are either not important enough to be told why the changes are taking place, or that the manager has made a mistake. Neither of these thoughts will lead to a motivated employee. One way to prevent this is to always get some kind of feedback from the employee about the job so that you are certain that he knows what is expected. If there is a change in a project, inform the employee why. Keep them part of the solution to the problem.
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4. Provide employees regular feedback. Let the employee know when he is doing a commendable job. On the flip side, let the employee know when you are not pleased with the outcome and state your reasons. This is a great opportunity to let the employee know how they can do better next time. Ask the employee if there is anything that you as a manager can do to help with the change. Solicit feedback from the employee. Talk it over and enjoy a real discussion. This will make the employee feel like you are not offend about the job, but that you are genuinely concerned and willing to help rectify the problem.

5. Generate consequences. Make sure to not only tell the employee when you are satisfied with the work, but also provide recognition for marvelous work. A personally written thank you card is an effective and inexpensive way to do this. When an employee fails to meet company expectations, it is demotivating to other workers, after all, they may think, “If he isn’t doing it why should I?” That is why it is so important to broadcast consequences for those who do not perform as expected. Be consistent with consequences among the staff.
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Employees will love working with you and you will enjoy working with them as you take a few minutes out of your day to butter their emotions. Spend time with employees during and after work. Demonstrate that you care and value them as important members of the company.

Ways To Stimulate Employee Motivation

2010-01-10T17:30:00.000+07:00

oday’s fast-moving business environment demands that the effective manager be both a well-organized administrator and highly adept in understanding people’s basic needs and behaviour in the workplace. Gaining commitment, nurturing talent, and ensuring employee motivation and productivity require open communication and trust between managers and staff.
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1. Understand their behaviour
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People at work naturally tend to adopt instinctive modes of behaviour that are self-protective rather than open and collaborative. This explains why emotion is a strong force in the workplace and why management often reacts violently to criticisms and usually seeks to control rather than take risks. So, in order to eliminate this kind of perspective and to increase employee motivation, it is best that you influence behaviour rather than to change personalities. Insisting what you expect from your employees will only worsen the situation.

2. Be sure that people’s lower-level needs are met.

People have various kinds of needs. Examples of lower-level needs are salary, job security, and working conditions. In order to increase employee motivation, you have to meet these basic needs. Consequently, failures with basic needs nearly always explain dissatisfaction among staff. Satisfaction, on the other hand, springs from meeting higher-level needs, such as responsibility progress, and personal growth. When satisfaction is met, chances are employee motivation is at hand.

3. Encourage pride

People need to feel that their contribution is valued and unique. If you are a manager, seek to exploit this pride in others, and be proud of your own ability to handle staff with positive results. This, in turn, will encourage employee motivation among your people.

4. Listen carefully

In many areas of a manager’s job, from meetings and appraisals to telephone calls, listening plays a key role. Listening encourages employee motivation and, therefore, benefits both you and your staff. So make an effort to understand people’s attitudes by careful listening and questioning and by giving them the opportunity to express themselves.
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5. Build confidence

Most people suffer from insecurity at some time. The many kinds of anxiety that affect people in organizations can feed such insecurity, and insecurity impedes employee motivation. Your antidote, therefore, is to build confidence by giving recognition, high-level tasks, and full information. In doing so, you only not refurbish employee motivation but boost productivity as well.

6. Encourage contact

Many managers like to hide away behind closed office doors, keeping contact to a minimum. That makes it easy for an administrator, but hard to be a leader. It is far better to keep your office door open and to encourage people to visit you when the door is open. Go out of your way to chat to staff on an informal basis. Keep in mind that building rapport with your staff will effectively increase employee motivation.

7. Use the strategic thinking of all employees.
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It is very important to inform people about strategic plans and their own part in achieving the strategies. Take trouble to improve their understanding and to win their approval, as this will have a highly positive influence on performance and increasing employee motivation as well.

8. Develop trust

The quality and style of leadership are major factors in gaining employee motivation and trust. Clear decision making should be coupled with a collaborative, collegiate approach. This entails taking people into your confidence and explicitly and openly valuing their contributions. By simply giving your staff the opportunity to show that you can trust them is enough to increase employee motivation among them.

9. Delegate decisions
The Motivation Game
Pushing the power of decision-making downward reduces pressure on senior management. It motivates people on the lower levels because it gives them a vote of confidence. Also, because the decision is taken nearer to the point of action, it is more likely to be correct. Consequently, by encouraging them to choose their own working methods, make decisions, and giving them responsibility for meeting the agreed goal will encourage employee motivation among your staff.
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10. Appraising to motivate

When choosing methods of assessing your staff’s performance, always make sure that the end result has a positive effect on employee motivation and increases people’s sense of self-worth. Realistic targets, positive feedback, and listening are key factors.

Enhancing Academic Motivation: An Intervention Program for Young Adolescents

If you follow these simple steps in increasing employee motivation, rest assured you will have a good working relationship with your staff at the same time boost you company’s productivity. Just bear in mind that people are employed to get good results for the company. Their rates of success are intrinsically linked to how they are directed, reviewed, rewarded, trusted, and motivated by the management.

Steps To Maximum Productivity

2010-01-10T17:23:00.000+07:00

Do you know that you get 80% of your results from just 20% of your time and effort and consequently 80% of your time is virtually wasted on non productive activities?. Once you realize this it is easy to take advantage and either reduce the hours you work or significantly improve your productivity.
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The 80-20 rule was first discovered by Italian economist Vilfredo Pareto a hundred years ago. Using this knowledge is incredibly powerful in combating the "not enough hours in the day" mentality of today's society.
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The 80-20 rule means that in any area of our lives, literally 80 percent of our fruits are derived from only 20 percent of doing "what matters". In other words, there is only a very small portion of all that we do each day, regardless of the situation, that brings us the "higher return".
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How can you benefit from being aware of this principle? Implementing a strategy based on the 80-20 rule can result in greater wealth and greater leisure time? Just imagine how productive you will be if 80% of your time could be spent on productive activities. You have to realise that the things that matters most should never be at the mercy of activities that matter least.
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Here are 5 Steps to maximumise your productivity:

1) Keep a work log for at least a week

Write down all of your activities and the time spent doing them. I appreciate this is time consuming initially but it is essential you get a true picture of your working week.

2) Analyse your activities

Separate your activities into high priority - those that produce a return or where only you have the skills to do the work - and low priority - activities others can do where the activity can be delegated to support staff. You will almost certainly find that you are spending most of your time on low-priority activities rather than activities directly providing a return. In almost all businesses these non productive activities tend to absorb time at a far greater rate than they should.

3) Delegate non productive activities
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Once you can identify the low priority activities delegate as many as possible to support staff providing training where required. If necessary employ an additional member of staff to take responsibilities - the cost will be more than offset by your improved productivity. There may be a number of low priority activities you are tempted to keep. Unless it is absolutely unavoidable don't be tempted and don't get involved in non productive activities or your productivity will fall.

4) Calculate the time required for any remaining low priority activities

Once you have delegated all that you can, your next step is to calculate how much time you should be spending on the remaining low priority activities to make maximum use of your productive time. Do not work disproportionately hard at these low priority activities and set aside specific time each day or week to complete them.
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5) Prioritise your remaining activities

Once you have cleared out the activities that do not bring you any return, it is time to turn your attention to the activities in your life that are bringing the most reward. Prioritise your activities and concentrate most of your time just on a few high-priority activities.

The objective throughout is to maximize your results from the areas of high return and to delegate those activities that have a low return. Having to spend a disproportionate amount of time on non productive activities is a major source of stress for many businessmen. Delegating these activities will therefore have the added benefit of reducing the stress you are under. It is all about doing less work for greater return.
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For more success in life, whether that is more money, more time with your family or just making time for golf you should start implementing the 80-20 rule immediately. It will help your career as well as your personal life and, as a bonus, following the 80-20 rule day in and day out can make you very wealthy over the long term.

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Myths That Ruin Meetings

2010-01-10T17:18:00.000+07:00

These myths have cost companies billions of dollars in wasted payroll money.
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Myth #1) Structure spoils spontaneity.

I once attended a two-day long disaster that easily cost over $40,000. Thirty people spent the first hour seeking an issue to discuss, then spent the next 15 hours arguing over insolvable problems. When I asked the manager who called the meeting, "Where's the agenda?" the reply was, "I didn't want to spoil the spontaneity by imposing a structure."
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Reality: If spontaneity were a universally sound business practice we would build buildings without blueprints. Of course, no smart business leader works without a plan.

The Fix: Set a goal and then prepare an agenda. Ideally, this agenda should be so clear, complete, and specific that someone else could use it to lead the meeting to obtain the accomplish the goal.
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Myth #2: Since it's my meeting I should do all the talking.
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Some meetings are run like a medieval court. The chairperson sits on a verbal throne while the subjects sit in respectful silence. The big talker justifies this by thinking: if the other people in the meeting knew anything worthwhile, they'd be leading the meeting.

Reality: If you're the only one talking, you're working too hard. In addition, realize that most people protect themselves from extended monologues by sending their thoughts off on a holiday. That is, no one is paying attention to you: they're busy daydreaming, doodling, or dreaming.
Gower Handbook of Leadership and Management Development
The Fix: Convey large amounts of information by a memo or email. Then call a meeting based on participant driven activities that test or reinforce comprehension.

Myth #3: Meetings are free.

Most meetings are paid for with soft money. That is, it's money that has already been spent for wages. In addition, no purchase request is necessary. No budget needs to be approved. All someone has to do is call a meeting.

Reality: Meetings are very expensive. They use people's time, and payroll is the largest part of running a business. When people hold bad meetings, they waste the most important resource in a business - the time people that spend working to earn a profit for the company.
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The Fix: Design meetings to earn a profit. After all, a meeting is a business activity, not a company picnic.

Learn more about Effective Meetings at: http://www.squidoo.com/OneGreatMeeting/

Creative Ways To Find A Job

2010-01-10T17:14:00.000+07:00

you have posted to every internet job board and every job on Monster, CareerBuilder, and HotJobs. You’ve followed up with calls and networked until you are blue in the face. Each Sunday you take the newspaper and apply for every job in your field with little to no results. Well try some unique ways to find a job.
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Send Half of Your Resume
Find a company you want to work. Write a great cover letter on why you are a good fit, pointing to the enclosed resume. Don’t seal the envelope and don’t enclose a resume. They’ll think the resume fell out in the mail. They will call and engage in a conversation. Sell yourself shamelessly.
Career Focus: A Personal Job Search Guide (3rd Edition)
Write A Prospecting Letter
Make use of the power of direct mail. Locate 5-10companies. Write up a letter to your contact network and ask them if they know anyone who works at any of the companies on your list. When a contact says they know someone on your list, send them your resume and ask them to forward it their contact or ask permission to send it yourself.
Your Career Search: Taking The First Step
E-Mail Chain Letter
Create a list of 20 companies you want to work for and send an email to everyone you know to see if they know anyone who works at these companies. Ask them to contact you if they do, so that you can ask for a referral. Finally, ask them to forward your email to 10 more people. However don’t do this if you’re currently employed!
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Distribute A Booklet
Write a booklet with information relevant to your industry and give it away. Everyone loves free information and this demonstrates your expertise. Give the booklet away electronically and advertise it to newsgroups where hiring managers will see it.

Call Human Resources
Sounds crazy, right? Call the human resources department. Ask them what outside agency or third-party recruiting firm they use. They will ask you why do you want to know. Tell them that their company is not currently looking for someone with your skill set right now the agency may be dealing with other firms, so you are looking for a recommendation. They may very well ask you for an interview. If not at least you do get a lead. They would love to save the agency fees. Also being recommended gives you special attention. Send them a thank you note.
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These are guerrilla tactics that can give you better results. Be sure to stay toned for another 5 creative tips.

Job Search Tips That Increase Your Success

2010-01-10T17:11:00.000+07:00

1) Approach finding a job as if it were a full-time job, because it is. If you had a job, you would report to work at the same time each day (like 8 am), take an hour (or less) for lunch, and quit at the same time each day (like 5 pm). You would work five days every week. And you would work hard to accomplish as much as you could because your career depended upon it.
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When you are searching for a job, you should follow the same type of schedule because your future depends upon it.
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Treating your job search like a part-time hobby guarantees that it will take longer.
Discovering God's Blueprint for Your Career: A Christian's Job Search Guide
So, begin tomorrow by reporting to work and spending the day on tasks that lead to a job.

2) Approach finding a job as if it were a project. That means you should set goals for yourself, make plans, and monitor your progress. You should apply all of the tools and skills that you used in your last job to the project of finding your next job.

As you must expect, this is an important project. The sooner you complete it, the sooner you gain a promotion into a job.
Career Focus: A Personal Job Search Guide (2nd Edition)
3) Be your own boss. Set expectations for what you need to accomplish, provide direction, and monitor your work.

Meet with yourself once each week to evaluate your performance. I recommend doing this by writing two reports. The first is a candid evaluation of what you accomplished during the previous week. The second is a description of your plans for the coming week. Your plans should include your goals, actions, and priorities.

The first time that you write these reports, write an evaluation of what you have done so far. Describe the results that this effort has produced. And compare these results with what you wanted to have.

Next, map out a realistic plan for the next week based on achievable goals. For example, you could set goals for the number of people you will call, the number of networking meetings you will attend, and the research you will conduct.
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In the coming weeks, compare the results that you obtained during the previous week with the goals that you set. For example, if you planned to attend twelve networking meetings and you attended only two, you should a) explain why this happened and

b) plan actions that will correct such a difference.

You should also analyze why you missed your goal because this provides insights on what you need to do differently. For example, Your goal (e.g., of attending twelve networking meetings) may have been set too high. Or maybe there are things you can do that will make it easier to achieve your job search goals, such as car pooling with a friend who is also looking for a job.

Finding a job is a full time job. Work through it with a plan and the support of a good boss (yourself).

I wish you the best of success.

“New Job Blues ... Now What?”

2010-01-10T17:08:00.000+07:00

You’ve landed what you thought was the job of your dreams. Each stage of the interview went smoothly - you sold them on your skills and expertise, and your prospective boss sold you on the position and benefits of joining the company. He/she seemed excited about extending an offer. And then, with offer in hand, it was thrilling to give your notice (or tell your friends you’re finally employed after a long stint of unemployment!). All seemed right with the world.
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You’ve now been on board a few days… a week… perhaps even a month. Suddenly you’re not so sure you’ve made the right decision. The job that seemed like a dream is starting to feel like a nightmare. Perhaps the position isn’t what you thought it would be; it’s either too narrow, too broad, not challenging enough, or more of a stretch than you imagined. Maybe the company isn’t measuring up. Or, perhaps your boss isn’t the caring, supportive mentor you thought he/she would be.
Bad Bosses, Crazy Coworkers & Other Office Idiots: 201 Smart Ways to Handle the Toughest People Issues
In a state of confusion, you wonder what you should do. Stick it out? For how long? Leave? Then what? The decision to stay or leave a new job is a personal one, with no right or wrong answer, as everyone’s situation is unique. And most people, at one time or another, have been faced with this dilemma. To help you think through your next move and determine what’s right for you, here are some questions you may want to ask yourself:
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Is it just the newness of the job? Changing jobs can be an unsettling experience. In your previous job, you knew your way around - you knew what was expected of you; you knew your job; you knew the players; you felt like you belonged. In a new job, however, it takes time to learn the ropes and feel like you’re truly adding value. Sometimes it’s best to give yourself time to get over the “newness” and then decide if the job is right for you.
21 Dirty Tricks at Work: How to Win at Office Politics
Can you live with your boss? Hiring managers sometimes put their best foot forward in an interview, then do an about-face when a new employee arrives. Even though your boss isn’t the supportive manager you thought he/she would be, can you live with the change? If so, it may be worth staying. If, however, you experience a nauseous stomach on Monday mornings or a rise in blood pressure every time he/she walks into your office, it may be wise to consider leaving.

Can you navigate the politics? Office politics can be the bane of many employees’ existence. If you’ve been hired into a political crossfire, it will be important to assess your political skills to determine if you can make it work. If politics aren’t your strength, you may want to leave before you find yourself failing without even knowing why. If you’re good at developing relationships and working with differing styles, as well as “managing up”, you may want to consider staying and seeing if you can make a tough situation work.

What will you learn if you stay in this job? Sometimes a seemingly wrong job can turn out to be a terrific opportunity to learn new skills, become exposed to new technologies, and gain valuable experience. Is it possible this job could be a stepping-stone to a better, more satisfying job down the road? Could it ultimately propel your career forward? If so, and you can tolerate everything else, it may be worth staying.
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If the scope of the job has changed, can it be renegotiated? If the actual work turns out to be far different from what you thought it would be, you may want to speak with your manager to see if aspects of the job can be changed. If the scope is too narrow, can more responsibilities be added? If the workload is too great, can you get some assistance? If the job ultimately represents a step backwards and/or you’re doing work you didn’t feel like you signed up for, it may be worth looking elsewhere.
IN THE MIX - School to Career Transitions
Can you afford to leave without another job to go to? If your boss, or the job, or the politics are so bad it’s beginning to affect your health and personal life, then leaving sooner rather than later may be the best move. But can you afford it? Carefully evaluating your financial situation prior to jumping ship will help alleviate regrets later on. Consider also the momentum you had in your job search prior to starting your job. Can it be easily resurrected so your time of unemployment is minimized?
Back in Control: How to Stay Sane, Productive, and Inspired in Your Career Transition (Audiobook Mp3 CD)
The decision to stay or leave an intolerable new job is a tough one. How long to stay is also a dilemma. Many have left after two weeks, never to look back. Others have stayed, only to regret staying too long. And still others have stayed and managed to make everything work out. Only you can decide what’s best for you and your situation.

If you answer the above questions honestly, you will surely make the right decision for you. Pay attention to how you’re feeling and what the job is doing to your health and self-esteem. Recognize that the longer you stay, the greater the requirement to add the job to your resume. Know that it’s always an option to stay and look for employment on the side. If you do that, it may be valuable to evaluate your job, boss, team, and culture requirements so you can develop some insightful interview questions to ask the next time around.
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Talking with a trusted friend or colleague can be helpful during this challenging time. Whether you choose to stick it out and hope for the best, or leave right away and cut your losses, trust that you’ve made the right decision. And know that regardless of the outcome, the experience has presented an excellent opportunity for learning and personal growth that will be invaluable in helping you manage the rest of your career.
Managing Career Transitions: Your Career As A Work In Progress (2nd Edition)