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.

Friday, October 2, 2009

Job applications- how to beat other applicants.


Many people who graduate from colleges and other tertiary institutions have one thing in mind, how to get a job. This is because many educational systems are designed to train young people on how to get employed. But seeking an employment has proved to be one of the most challenging affairs even after working hard in school. Every job seeker should put some important tips in mind when looking for a job.

A recruiting team puts into consideration various factors that results in a final successful candidate. First, work and deceit cannot go together. Research has shown that most applicants who lie during their applications are rejected by the managers, to be precise 93% of such are often disqualified. Ensure therefore that you remain truthful in all searches to increase your chances of success.

Secondly, you must follow the instructions issued in the vacancy to the latter. Many applicants fail to be short listed since they do not conform to the required basic instructions. Most managers will assume that if you cannot follow the requirements now, you will also give them a hard time when you get the job. They will be quick to get rid of you.

How good is your application? Did you know that 84% of managers would eliminate a candidate whose application contains a typing or printing error? This suggests that you must proofread your cover letter and resume more than once before releasing it for consideration. Do not be in a hurry to post your application before going over it thoroughly.

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