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, November 9, 2009

Dealing with marriage crisis

A marriage is not a bed of roses and even if it were, roses also have thorns. Getting into a marriage with a mind-set that you will not get any trouble can only be termed as suicidal. In fact, marriage is just the beginning of problem. But we can not run away from problems and crisis. We have the responsibility to ensure that ensure that the things that happen to us are beneficial and avoid being victims of circumstances. How can this be done?

Majority of marriage problems may be bigger in scope than you can ever imagine. What you are seeing as the problem may not be the actual problem and so you need to adjust your mind early and get to the root cause. This means that you need to go into the problem having already set to handle the worst.

There are no secrets in this world and both parties to the marriage must be ready to disclose all the material facts. This means that everyone must have the willingness to solve the problem by getting into its root cause. Be informed that if you try to suppress any information during a crisis, it will eventually be disseminated and the other party will see it as lack of faithfulness.

Most crisis end officially with the settlement of some kind and this must be accompanied by a sacrifice from one or both parties. After the crisis come the clean up, clean up means change and often accompanied by promises.

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