Putting potential into action

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

Putting potential into action

Today, almost everyone has heard much about his/her in-born abilities. Great motivational speakers stress the fact that everybody has a lot of potential which if put to action could bring incredible results. It takes one a lot of time to believe in him/herself especially if you come from a humble background. The truth is that your success should not be tied to your academic performance or childhood experiences. The fact that you may not have done well in your class work can not be used to fully declare you a failure in life. Remember that there are so many success stories that were born away from classrooms. All you need to do is to identify your inner abilities and put them into action. But the truth is that identifying such abilities and activating them in where the hardest task is.

Unfortunately, many people try to become other people in the pretense of following a role model. One discovers after wasting a lot of time that whoever they thought to be a role model was actually misleading them. For example, I have come across people who have more than four undergraduate degrees and end up just practicing in one profession. This simply means that they have been going round trying to locate where their happiness is. You will only find satisfaction when you discover that in born potential. Here, you do things with a lot of ease and the rest is a success story. Your potential is turned into action by just identifying it. Thus the greatest step into greatness is identification of inner abilities.