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

Dreams- secrets on how to actualize them.

The power of positive thinking cannot be over-emphasized. The people who have turned around the world were not the most gifted but those who had positive dreams and worked towards achieving them. Ten years from now, you may not be able to dream as you can now, and even if you were, you may be time barred to achieve them. This means that the time is now; to dream and act towards actualizing them. Do not wait for tomorrow, in fact tomorrow will be late by a day.

What is it all about dreams? Just take a while a think about what you would like to be written or said about you at your funeral. That is exactly the kind of life you will have lived. But you have all the powers to dictate what will be written about you. However, we do not just get to our destinies to have good testimonies at our burial ceremonies but to die as achievers having offered everything that was within our abilities. Of course, nobody would like to die knowing that he has achieved nothing.

How do you dream or what should I dream about? There is nothing like being over ambitious when it comes to what you would like to be. Dream as big as you can imagine. Remember that all dreams are achievable. If you can conceive it in your mind, you can achieve it.

How do you achieve it? It is definitely not an event. You must work daily towards it. It becomes something that you are thinking about as you live and looking for ways to make it a reality.

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