11/02/2018

Ideas have a short shelf life! You have to keep them coming and act on them before they expire. It's perfectly healthy to have an idea tomorrow that contradicts or challenges an idea today. A 'fixed mindset' in certain situations prevents development and growth. It could sabotage your health and happiness for the future. Persons with a 'growth mindset' are willing to try new ideas and learn new skills. They see failures and setbacks as an indication that they should continue developing their

10/26/2018

Negative feedback, particularly if unexpected and unasked for, is not easy to take. So how do we turn hurtful criticism from colleagues or customers into an opportunity to learn? How can we use it to help us improve? Think of criticism as an unpolished diamond fresh from the mine. It may appear as an unattractive rock to the inexperienced eye but its value becomes obvious after the process of cutting and polishing. Put personal feelings aside, extract the benefits of criticism and turn them

10/17/2018

SELF-DISCIPLINE AND GOALS Your ability to discipline yourself to set clear goals, and then to work towards them every day, will do more to guarantee your success than any other factor The tragedy is that most people think they have goals already but what they really have are hopes and wishes. Hope is not a strategy! A wish is said to be ‘a goal with no energy behind it’. When you decide upon a goal, you change the direction of your life. You go from being like a ship without a rudder,

10/12/2018

CASH FLOW Cash flow is the net amount of cash or cash equivalents being transferred into and out of a company. Positive cash flow indicates that a company's liquid assets are increasing, enabling it to settle debts, reinvest in its business, pay expenses, and pay shareholders a dividend. Cash flow is reported on the cash flow statement which details activities from three sections: Operating activities Investing activities Financing activities ​ Cash flow is a key indicator of a company's

10/09/2018

Profit serves three purposes: It is the ultimate test of business performance. It is a reward for the risk and costs of staying in business, including obsolescence, replacement and entrepreneurial skill. It ensures the supply of future capital for expansion, either directly by self-financing out of retained earnings or by attracting capital through dividends. It is absolutely necessary, therefore, to plan for profits to meet these objectives, for at least a year ahead. The profit for the

09/25/2018

What is the solution to the danger of being complacent after a successful project or a very profitable year? Set higher targets Easy targets are not really targets at all. Aim to be the best in your industry for quality and service. By aiming for what seems impossible, people often actually do it! Identify opportunities for improvement Be sure all employees learn lessons about what should be improved so they can deliver something better the next time. Do not avoid competition Avoiding