Economic crisis is not the cause of business collapse

Many businesses today have been brought down not only by the global recession but also by mismanagement. It is not in order to assume that the global economic crisis should only be working against your business. Many managers who are failing today are blaming the bad economic conditions for their poor performance. A good business manager should be able to look for effective ways of handling a bad situation and getting the best out of it.

One of the most deceiving business ideas is that by putting your eggs indifferent baskets, you are going to be successful. Most of the managerial trainings include what is commonly called ‘portfolio management’. This theory supports the idea of investment diversification. This is why managers think that during bad financial moments for the business, they need to diversify their investments in order to reduce the risk of losses. This may not be a solution if the management style is wrong. A poor manager will still fail even in a diversified portfolio.

Many are left wondering about what they should do if diversification is not working. The truth is that diversification should only be left for those who are not sure of making it in one line. Instead of diversifying your investments, you should be thinking of specialization.

You should be looking for the best business strategies that can make you a king in your line of operation. Unfortunately, many business managers view success as only retaining some profits for the business. Very few people are endeavoring to be the most outstanding businessmen.

Monday, August 17, 2009

Designing your house: how safe is it?


It has always been unfortunate when a house collapses and people lose lives and property. Annually, there are many accidents of such kind. Builders are now more concern about how well the roof they live under will protect them. Thou houses are supposed to provide protection against our day to day risks; they could as well be the cause of loss to your life. So be careful.

There is a global list of how house designs differ in their stability and permanency. Some designs that are considered ‘ordinary’ give a high level of stability and security to life, while others that are expensive do not. The first step in ensuring that your house is safe is to make sure that you go for professional designers. Your architect may demand a lot of money, usually a percentage of the estimated cost of the house, so be ready. Know that this is the foundation of your house and do not be in a haste to look for cheap services. Remember that cheap is expensive in the long run. This should ring a bell in your mind that you only begin building a house when you are fully prepared.

There are so many factors to consider while planning for the safety of your house. One of the most important is to know the risks that exist in the area you intend to live. This is followed by analysis other factors such as weather and climatic conditions, likelihood of attacks by wild animals and of course the frequency of natural calamities.

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