RELEVANCE IN IMPROVEMENT OF WORKING CONDITIONS FOR YOUR EMPLOYEES IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

 RELEVANCE IN IMPROVEMENT OF WORKING CONDITIONS FOR YOUR EMPLOYEES IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

Hello reader, today I’ll be taking you through some of the major importance of improving your employees working conditions and working environment in the achievement of business success.

The nature of the environment and conditions your employees are working in matters a lot in determining and achieving business success. So it is of great importance to ensure that the working environment in which your employees are working in is healthy and risk free. Ensure that even the tools and equipment they work with are regularly maintained to avoid the occurrence of accidents. If the environment they work in is somehow risky , you as a manager should provide relevant PPEs to them to minimize accident levels. Through all these you’ll be able to acquire an efficient workforce hence you’ll maximize your productivity and profits greatly. Some of the major key relevance in improvement of working conditions for your employees in the major goal of achieving business success are highlighted and elaborated below :

. Reduced absenteeism.

  In risky working conditions, employees often get themselves injured hence they end up being unable to continue working thus result to absenteeism. Therefore if you as an entrepreneur or as a manager opt to minimize the occurrence of such cases, improving the working environment and working conditions for your employees is crucial. If the absenteeism levels decrease, there will be maximum utilisation of the business resources hence you as a manager will end up maximizing your productivity and your profits greatly. Thus business success becomes a certainty.

. Boosts the staff morale.

  Employees working in poor environmental and working conditions are less motovated as compared to employees whose working environment and conditions are enhanced. Thus healthy working conditions play a vital role in boosting your staff morale and confidence while in the organization and while performing business duties and tasks. Therefore you as a manager or an entrepreneur should purpose to enhance your employees working environment and working conditions if you intend to boost your staff morale . Through this, employees will be more productive and efficient thus you’ll end up making more sales and maximize your profits in the long run. Hence your success and the success of the business will be a guarantee.

. Reduces labor turnover.

 Unhealthy and risky working conditions and environment creates a certainty of increased number of accidents amongst your employees. Thus for the employees remaining to negate this, they opt to leave the organization in such of other more safer working conditions. Therefore your business or organization ends up having lower labor to perform vast jobs . Thus you as an entrepreneur or as a manager finally result to incurring losses in the long run. Hence to minimize this from happening, you should take into consideration improving the working environment and working conditions for your employees. Through better working conditions, each employee will be motivated to fully attend to his/her job duties and tasks delegated to him/her fully hence you as a manager will end up maximizing your productivity and profits greatly in the long run. Thus your success and the success of your business will be a certainty.

.Helps improve your companies efficiency and effectiveness in routine production activities and operations.

 Unhealthy working conditions acts as a hindrance for the efficient and effective performance of your employees as a manager or an entrepreneur. It’s actually a major setback as when employees are injured in the course of work, no one is left to fill in that gap immediately hence production activities and operations are interfered with in the long run. Hence efficiency isn’t present. Thus production levels will end up being low and so are the profits. To avoid this, you as a manager should aspire to improve your working conditions and environment so that the efficiency and effectiveness of your employees could be achieved. Through efficiency and effectiveness, production activities and operations will be performed as required hence the output will increase greatly in the long run. Increased productivity guarantees sales and profit maximization thus your business will surely flourish.

In conclusion, to increase your company’s effectiveness and efficiency, productivity levels, profit maximization and the general success of your business, you as an entrepreneur or a manager should aim to improve your employees working conditions and working environment.

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REASONS AS TO WHY INTERNAL RECRUITMENT IS MOSTLY PREFERRED THAN EXTERNAL RECRUITMENT

 

REASONS AS TO WHY INTERNAL RECRUITMENT IS MOSTLY PREFERRED THAN EXTERNAL RECRUITMENT.

Hello dear reader, today we’re going to study in detail some of the major reasons as to why internal recruitment is more preferable than external recruitment. Recruitment is the process of attracting and acquiring potential employees to fill in vacant job positions within a business i.e. an organisation or a company. There are two types of recruitment ; internal recruitment where recruitment is done within the organization and external recruitment where recruitment is done outside the organization. So we are going to look at the key reasons as to why now internal recruitment is more preferable to external recruitment in the acquisition of potential employees to fill vacant job posts and positions within an organization. Some of the major reasons are highlighted and elaborated below:

. Internal recruitment is more cheaper as compared to external recruitment.

 Internal recruitment majorly involves the recruitment of employees inside the organisation. Most of the training is done by either fellow employees, job shadowing where an employee has to follow his/her trainer, observe what he/she is doing and learn, job rotation where an employee has to perform a variety of different tasks to increase his/her proficiency or even job enlargement where additional duties are delegated to the employee to increase his/her skills, knowledge and abilities. All these training is done by fellow stakeholders within the organization hence no labor costs are incurred unlike external recruitment where you as a manager is supposed to incur labor costs in hiring a professional to recruit the employees or potential employees. Therefore with decrease in labor costs in internal recruitment, most managers opt to implement this type of recruitment more often.

. Internal recruitment acts as a motivating factor to all employees.

  Through internal recruitment, employees are more motivated to work hard as the major benefits enjoyed are endless. Promotions being one of the major benefits. Therefore, each and every employee will aspire to receive the promotion as through promotion also, there is an increase in salary as well as recognition. Hence many of the employees will give it all their best in performing their routine job activities and operations more efficiently and effectively. Thus you’ll end up maximizing your output and profits greatly in the long run. Therefore for these benefits , most of the managers opt to adopting internal recruitment in their recruitment process .

. Helps reduce labor turnover.

 Since employees are motivated to work towards the achievement of the benefits that follows after the recruitment, labor turnover will decrease. More employees will develop that sense of belonging hence they’ll work hard to ensure that they stay in the organization and develop their skills and abilities so that they can rise to greater positions and acquire more benefits in the long run. Therefore, with all employees being present in the organization courtesy of internal recruitment, you as a manager or entrepreneur will be able to maximize your productivity levels as well as your sales. Hence you’ll end up generating more income thus your business/organization will thrive . Therefore with the assurance of total employee attendance and employee loyalty, most managers opt to use internal recruitment in their recruitment process.

. Internal recruitment helps promote good employee relations within the organization.

Since most of the employees are the ones who take part in the recruitment process, their interrelations improves greatly as they interruct in that learning process together. Because also they all work under one roof, interacting becomes more easier hence them interacting more in the recruitment process helps strengthen their relations amongst each other. Hence there will be togetherness and solidarity in performing routine business operations and activities in the long run. Hence you as an entrepreneur or a manager will be able to maximize your productivity levels and profits too thus succeed business wise too. Thus through the benefits that follows through having employees with good relations, many managers and entrepreneurs opt to use internal recruitment in their recruitment process.

In a nutshell, there are vast and benefits in adoption of this approach during recruitment. For those managers and entrepreneurs who opt a cheaper and more convenient way to recruit your employees or future employees, internal recruitment is the best option . 

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MAJOR BENEFITS IN EMBRACING DIVERSITY IN YOUR WORKFORCE FOR THE ACHIEVEMENT OF BUSINESS SUCCESS.

 

MAJOR BENEFITS IN EMBRACING DIVERSITY IN YOUR WORKFORCE FOR THE ACHIEVEMENT OF BUSINESS SUCCESS.

Hello reader, today I’ll be taking you through some of the major key benefits enjoyed when you as an entrepreneur opt to embrace each and every employee regardless of their diverse cultures, traditions and race. In the present day organizations, people working within these organisations originate from totally different cultures and backgrounds as opposed to traditional organizations where discrimination cases were rampant at that time. Many employees were discriminated and prejudged on the basis of their origin and group they originated in thus even the organization’s routine activities and operations ended up being disrupted in the long run. Through these disruptions, many of those companies ended up registering low productivity levels hence the income which was generated decreased greatly. To negate these, you as an entrepreneur in the present day business i.e. organizations and industries , should purpose to embrace all employees regardless of their diverse origins and backgrounds as this has proven effective in the major goal of achieving business success for many businesses. Some of the major benefits in embracing this diversity in your workforce for the achievement of business success are highlighted and elaborated below :

. Promotes a peaceful co-existence amongst all your employees.

  Since most of the employees originate from diverse backgrounds and cultures, embracing all of them as one guarantees that there will be peace and unity amongst all employees. Therefore the business operations and activities will end up being performed smoothly thus even the employee performance will improve greatly. Hence through working with higher performing employees, productivity levels will rise thus you’ll be able to generate more income. Therefore your business will end up flourishing in the long run. Hence it is crucial for you as an entrepreneur to embrace your workforce diversity if you aspire to succeed yourself and as a business too.

. Fosters invention and innovation.

  Having employees all originating from diverse backgrounds and cultures gives you an assurance that there will be innovation and invention in the production activities and operations within your business . This is because, all of these employees possess certain specific skills or knowledge in a particular field based on where they originate or the cultures and traditions they differently possess. Thus new skills might be invented , new knowledge implemented, and this might and may prove effective in increasing the efficiency and effectiveness of your production activities and operations hence you’ll end up maximizing your high quality output thus generate more income in the long run. Through this, your business will thrive and succeed.

. Helps improve the organization’s effectiveness and efficiency.

 Working with employees all originating from diverse backgrounds and cultures is somehow challenging. As all these people perform different activities differently from each other. In terms of communication too, language barrier and tone vary differently hence most of the time information conveyed ends up being distorted or misinterpreted in the long run. But through embracing all of them and getting to interact with them might prove effective in fostering the organization’s efficiency and effectiveness. Through repeated interactions and adopting a unified approach in performing job tasks, communication and interactions will improve greatly hence even the information you convey will be comprehended more effectively thus distortion and misinterpretation will decline. Therefore company/business effectiveness and efficiency will be achieved . Thus in the long run youll be able to maximize your productivity and profits as well.

. Improves your market base for your finished goods. 

Working with employees regardless of their diverse cultures, traditions, race and backgrounds is much of importance as it helps you as an entrepreneur to enlarge and expand your market base for your finished goods and services. Having these diversity creates a good image for your organisation all over those communities therefore you’ll be able to get more customers to purchase your commodities. Each community will feel engaged hence each person will purpose to give back through purchasing your finished goods and services. Therefore you’ll end up having more sales hence you’ll generate more income in the long run. Thus your business success will be a guarantee. 

In summary, embracing employee diversity within your business plays a crucial role . Not only in the success of your business but also in the enhancement of your organization’s image. Hence you should embrace this to benefit and succeed as an entrepreneur and as a business in the long run.

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BENEFITS OF HAVING A JOB DESCRIPTION AND A JOB SPECIFICATION IN YOUR BUSINESS OR ORGANIZATION AS AN ENTREPRENEUR.

 

BENEFITS OF HAVING A JOB DESCRIPTION AND A JOB SPECIFICATION IN YOUR BUSINESS OR ORGANIZATION AS AN ENTREPRENEUR .

Hello reader, today I’ll be taking you through some of the major and key relevance of having a job description and a job specification in your routine business activities and operations as an entrepreneur.

Normally , a job description's main aim is to define the duties and task of various jobs within the organization while a job specification’s main aim is to define the level of skills, knowledge and expertise needed to perform various jobs within the business or organisation. Therefore for increased efficiency in jobs being performed within your business or organization, job description and job specification play a vital role for even the major goal of achieving business success in the long run. You’ll find that most of the most performing businesses i.e. organizations and companies, have well defined job duties and tasks as well as their employees are more competent in performing their routine duties and tasks courtesy of job description and job specification. Hence for increased effectiveness too, these two key elements play a crucial role. Some of the major benefits of having a job description and job specification in your business as an entrepreneur are highlighted and elaborated below :

. Reduces labor turnover.

  In the presence of well defined job tasks and duties, most employees will feel engaged since they are now able to perform their duties more effectively hence they won’t have to quarrel with the HR manager or underperform their delegated tasks too. Therefore, they’ll be able to fulfill their routine job purpose in the long run. Most of the employees whose duties are undefined end up feeling left out and confused in performing their tasks and duties hence their output ends up being low . Therefore, they’ll end up not being in good terms with their employer and this ruins their relationship thus they finally end up leaving the organization. Thus your organization as an entrepreneur will lack enough labour to perform the routine business activities and operations. Therefore you’ll end up registering low profit maximization hence fail as a business. To avoid this, you should purpose to implement the use of a job description before delegating duties to your employees. This will help in reducing labor turnover therefore you’ll register more productivity and profit maximization in the long run thus you’ll be able to achieve business success too.

. Motivates your workforce.

Employees who are able to comprehend what they are supposed to do are more motivated than employees who perform their duties randomly without the know how of what is supposed to be done or what is not supposed to be done. Hence to motivate your employees more majorly for the new employees, define the duties and tasks in the jobs delegated to them. Motivated employees are more and higher performing than employees who are not. Therefore you as an entrepreneur will end up maximizing your productivity levels as well as your sales and profits hence achieving business success will be guaranteed.

. Improved employee performance.

 It is most likely that employees who are aware of their job roles are more performing than those who do not know their roles. Ability to recognize your job tasks gives you an opportunity to increase your job skills, knowledge and proficiency hence you’ll end up increasing your job performance greatly. Therefore as an entrepreneur, purpose to appreciate the key roles played by job description and job specification since in the long run, you’ll end up having a more performing workforce . Hence your productivity and profits will increase greatly thus business success and your success will be a certainty .

. Reduced absenteeism amongst employees.

  Employees whose job tasks are undefined are most likely to not attend to their routine job duties and tasks. This is because they most of the time feel under hyped and demotivated in performing the duties. Hence to minimize this as an entrepreneur, define the tasks and duties for your employees. This will boost their morale and motivation ,thus they’ll end up attending to their routine job activities without even close supervision and follow up . Therefore there will be increased productivity and profit maximization thus your business success will be achieved.

In a nutshell, for efficiency and effectiveness of the routine job activities and operations, job description and job specification are vital. Therefore you as an entrepreneur should purpose to adopt the key roles played and in the long run you’ll be able to attain higher performing and motivated workforce hence your productivity and income generation will increase greatly.

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RELEVANCE IN INSURING YOUR BUSINESS AGAINST RISKS.

 

RELEVANCE IN INSURING YOUR BUSINESS AGAINST RISKS :

Hello reader, today I’ll be taking you through some of the major and key importance in insuring your business against risks causing hazards which later on result to losses being incurred in your business as an entrepreneur. Therefore insuring your business plays a crucial role in the achievement of business success. Mostly in the occurrence of losses due to risks such as fire outbreaks, business men and women who’ve neglected insuring their businesses end up incurring major loses in the long run. Inability to insure your business against these risks guarantees you a major strain in reviving your business and it’s operations back to track in case there is an occurrence of losses incurred due to these risks. Hence therefore insurance plays a vital role for your routine business operations and success in the long run. Some of the major relevance in insuring your business against risks and losses are highlighted and elaborated below:

. Through insurance , the continuity of your routine business activities and operations is guaranteed.

 In case one of these risks insured against occurs and leads to losses eventually, your business continuity in performing it’s routine operations and activities is guaranteed as the insurance is mandated to pay you premiums . These premiums hence will be very beneficial as you’ll be able to revive your business operations as usual regardless of the losses and amount of damage caused. Therefore you’ll be certain of continued business operations unlike those businesses who’s operations and activities are not covered by the insurance policy. Most of the uncovered businesses in result to mega losses or even business closure in case a risk leading to losses occurs. Hence you as an entrepreneur should purpose to adopt taking an insurance cover for your company to ascertain your continued production and provision of services to your customers as well as your profit maximization and business success in the long run.

. Through insurance, your confidence as an entrepreneur in your routine business activities and operations is boosted as you’re certain of compensation in the occurrence of risks causing losses.

 Businesses whose operations and activities are insured against tend to be more confident than those ones whose operations and activities aren’t insured against. Most of those whose operations aren’t insured tend to be too cautious and reluctant in performing their routine business activities. Hence they end up producing lesser output thus profits they generate are minimal . This therefore result to them receiving little success or losses in the long run. But for these businesses which operations and activities are insured against, their daily undertakings in business are done and performed more effectively and efficiently since the respective entrepreneurs are more confident since they have an assurance of compensation incase a risk occurs in the course of business operations. Therefore production activities will be increased hence more income will be generated due to more sales being registered. This you as an entrepreneur will be guaranteed of your success and business success in the long run.

. Through insurance, job security is certain hence during the occurrence of a risk, you as an entrepreneur won’t have to face any fear of loosing your job or end up being jobless.

 For the many businesses whose operations are uncovered, many business men and women end up losing their jobs in the occurrence of risks causing hazards. This is because most of their businesses are confiscated for example in the occurrence of a fire outbreak. Hence that business person ends up loosing his)her source of income in the long run , thus even reviving his/her business back to normal becomes a bit hard in the long run. But for those entrepreneurs whose businesses are covered by an insurance policy, they are guaranteed that their businesses will continue with their routine operations regardless of risks occurring . Therefore with this certainty, these entrepreneurs are guaranteed of their job security hence they will be motivated to work hard in their daily production activities and operations hence sales will increase greatly thus profits will end up being maximized too . Therefore the entrepreneur will be able to succeed himself/herself and as a business too in the long run.

In summary , having an insurance cover for your business as an entrepreneur is crucial for your success and the success of your business in the long run.

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MAJOR ROLES PLAYED BY A HR MANAGER IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

 

MAJOR ROLES PLAYED BY A HR MANAGER IN THE ACHIEVEMENT OF BUSINESS SUCCESS :

Hello reader, today I’ll be taking you through some of the major roles a human resource manager plays towards the achievement of business success. His/her major concern is based on the human resource/the personnel working in a business may it be a company or an industry. Simply provided that there are a variety of people working in a given organisation. The HR main duty is to manage those people effectively and efficiently towards the achievement of business success. Therefore you’ll find that he/she is directly involved in ensuring that employees work to their maximum best in maximization of the quantity and quality of the end product or results. Hence having a HR expert in your organization is crucial in the achievement of business success. Some of the major key roles played by a human resource manager towards the achievement of business success are highlighted and elaborated below:

. Recruitment and selection.

 A human resource manager is mandated to perform these key processes as they play a crucial role in acquisition of competent staff or potential employees who’ll work in the organization. His/her major aim here is to advertise for vacant job posts and positions hence create a large pool of applicants who possess the necessary skills and qualifications for the job post. Then after that he/she is mandated to carry out a critical review and analysis of the applicants resumes to ascertain their qualifications needed to perform the duties on the job position advertised. An interview then follows . This facilitates the HR manager to get to interact and know more about the potential employee. Then after the completion of this stage, the HR now is able to select the most qualified and competent potential employee to fill the job post. Therefore through this process, a business will be able to acquire more efficient and competent workforce thus maximize it’s productivity and profits greatly. Hence business success will be achieved in the long run.

. Remuneration.

 It is the duty of a HR manager to ensure that each employee is compensated fairly in relation to his/her job done. He/she should ensure that no employee is left behind in receiving his/her share of income after the accomplishment of the duties and tasks delegated to them . A human resource manager too is to ensure that there’s no discrimination in disbursing the employee’s salaries. Most of the time these employees do not receive their share of income fairly but through having a HR in your organization, these cases are minimized hence the employees end up being even motivated and willing to work greatly. Therefore the business/organisation will be able to maximize it’s productivity and profits greatly. Hence business success is guaranteed.

. Training and development.

 It is the role of a HR manager to ensure that employees are frequently trained and developed so that their skills, knowledge and proficiency would be increased. Therefore if your employees, mostly the underperforming ones are trained and developed, the production activities and operations will be undertaken effectively hence production will increase. Production increasing creates a certainty that you’ll be able to maximize your sales and profits at large. Hence your business succeeds in the long run. 

. Performance appraisal.

 The human resource manager is responsible for the appraisal of the most effective and performing employees in an organisation. He/she is mandated to carry out regular inspections and surveillance within the workplace hence spot out the most performing and effective employees. Hence to motivate and appreciate them, he/she appraises them through rewards and recognition. We all love being appreciated and recognized for our efforts and performance. Don’t we? So through rewards, these employees morale is boosted hence they’ll end up giving all their best in performing their delegated tasks and duties. Therefore production will increase greatly and this now will lead to profit maximization. Through this , business success will be attained in the long run.

In conclusion, a human resource manager plays a vital role in the major aim achieving business success. He/she is able to manage the most important asset in an organisation or a business effectively and efficiently thus maximizing their performance levels . Hence this contributes greatly to the achievement of business success. Thus as entrepreneurs, to maximize and achieve business success and goals effectively, adopting a HR in the daily business operations is crucial.

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REASONS WHY SAVINGS ARE CRUCIAL TO AN ENTREPRENEUR.

 REASONS WHY SAVINGS ARE CRUCIAL TO AN ENTREPRENEUR :

Hello dear reader, today I’ll be taking you through some of the major reasons as to why savings are of great importance to an entrepreneur the major goal of attaining and achieving business success. Normally many people after acquisition of income or profits, end up consuming all of it or spending it extravagantly. It is important to save a little portion of your income . Normally savings are so beneficial in the long run as they tend to make up for the hard times in the life of a person and majorly the entrepreneurs. They play a vital part for the continuity of business operations as well as achievement of business success in the long run. Some of the major and key reasons as to why savings are important to an entrepreneur are highlighted and elaborated below .

. They make up for losses incurred. 

 There are times where the business owners incur losses in the course of business operations. This may be in terms of reduced sales , goods going bad due to lack of customers to purchase them or even maybe in the occurrence of an accident while goods are being delivered to the market. Therefore , to minimize the impact accompanied by these losses, savings play a crucial role. Through savings , for example to those goods destroyed on delivery to the market, you as an entrepreneur will be able to make up for those losses in that you’ll be able to facilitate the production of other similar goods without any strain. For perishable goods too, you’ll be able to replace them with others too hence the continuity of your business will be guaranteed. Therefore you as an entrepreneur should purpose to start saving as you’ve seen that there are vast benefits accompanied through adoption of this initiative.

. They facilitate development to an entrepreneur’s business.

  Long term savings majorly result to more generation of income hence an entrepreneur will be able to grow and thrive business wise . These savings will greatly assist the business person to increase his/her stock thus he/she will end up generating more income in the long run. Generation of more income for the entrepreneur guarantees you more growth as through the success of that single business, the entrepreneur will end up opening up more branches and many other business hence he/she will be able to maximize his/her profits even further. Therefore savings play a crucial role in the major success of the business and the success of the entrepreneur in the long run.

. They are an assurance of business continuity in the occurrence of major risks and hazards.

  There are a couple of entrepreneurs who’ve incurred so much losses due to the occurrence of these major hazards an example being fire outbreaks . Most of these entrepreneurs who incur the huge setbacks caused by these hazards majorly end up shutting down their businesses due to bring broke hence through the closure of their business operations, they end up failing as entrepreneurs and a business as well . If these entrepreneurs could have opted to adopt a savings habit as their businesses were functioning, they would be able to regain their businesses and commence their businesses as well. Hence to avoid this catastrophic impacts caused by the occurrence of those hazards, you should adopt a savings habit in your routine business activities as an entrepreneur. Through this , the continuity of your business activities and operations will be guaranteed hence you’ll be able to generate income as usual. Therefore business success will be a certainty.

. They assist in the reduction of the daily expenses incurred by the entrepreneur.

In day to day running of the business, expenses are incurred. Therefore for the entrepreneur who had adopted a routine savings habit in his/her business, paying for these expenses will be much easier as the money generated from these savings will be able to make up for those expenses. The entrepreneur hence won’t have to dig in to his)her profits to pay for them therefore profits will be maximized and business success will be guaranteed.

In a nutshell, savings play a vital role for the success of the business as well as the success of an entrepreneur too. Therefore if we all adopt this good habit in our daily undertakings, we’ll end up succeeding in the long run.

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AMALGAMATION BENEFITS IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

 

AMALGAMATION BENEFITS IN THE ACHIEVEMENT OF BUSINESS SUCCESS :

Hello reader, today we’re going to look at some of the major and key benefits in amalgamation of businesses for the major goal of achieving business success . Amalgamation is simply merging two or even more businesses together in production and daily business operations. Many business have been successful in their activities due to this approach therefore you as an entrepreneur should purpose to adopt it if you want to succeed and carry your business activities and operations more effectively. Merging two businesses hastens and improves production activities and business operations. Therefore, in the long run, you’ll all be able to benefit as entrepreneurs. Some of the major benefits in amalgamation of businesses in the achievement of business success, are highlighted and elaborated below :

. Increased productivity.

 Merging two businesses doubles the activities hence there will be increased production of goods and services. The businesses will be able to combine their efforts and resources therefore production activities and operations will be much efficient and effective in the long run. Unlike single businesses who usually work independently in performing their daily business activities, amalgamated business pose an added advantage due to their unified approach in performing business activities. Therefore production operations will be maximized hence achieving business success becomes more effective and efficient in the long run.

. Increased efficiency.

 Through amalgamation, merging businesses will be able to combine their human resources hence , this may even result to even having more workers than the job duties available. Therefore performing routine business activities and operations will be more efficient as these employees will be uniting and doing similar tasks together. Mostly through working together in a large group , production operations are much more efficient as minimum time will be wasted . Minimal time wastage guarantees you that maximum time will be invested in maximizing the output on production activities hence the businesses will register more sales thus maximizing it’s profits. Therefore business success will be achieved.

. Shared risks.

  Through merging businesses, facing business risks and the problems that accompany becomes way much easier. Managing these draw backs is more effective as both entrepreneurs work together in sharing ideas and solutions. Therefore solving these issues becomes easier as compared to single businesses which operate as a single entity hence problem solving and risk bearing becomes much more intense and hard to control . Even on the case of risks occurring , the merged businesses will be in a better position to reinstate their normal business operations as they’ll be able to share the risk burden together . Hence through continued operations and routine running of the business, success will be the guaranteed result.

. Profit maximization.

 Profits generated by a single business entity are dissimilar to the profits generated by two merged businesses. The merged businesses will be in a better position to maximize their profits as most of their production operations is done as one. Hence their productivity is more than the productivity from the single business. Through merging, as we’ve seen earlier , business activities and operations will vastly be increased . Through effective and efficient business activities, production will increase hence more sales will be registered in the long run. This later results to these businesses generating more income thus profits will be maximized. Therefore, business success will be eventually attained in the long run. 

. Reduced production costs.

 Through mergers, catering for production activities and operations will be much cheaper and affordable to the two entrepreneurs . An example of the labor costs, the human labor working is high hence it may seem a bit hard to pay them but on the contrary, paying employees working in merged businesses is much easier then the employees working on a business operating as a single entity. This is because, merged businesses in terms of productivity, we’ve seen that they are able to maximize their productivity hence profits generated are much higher. Through high income generation, facilitating the production costs as well as payment of the increasing number of employees is way much cheaper, efficient and effective in the long run. Hence with reduced production costs, more money will be saved therefore business success is achieved.

 In a nutshell, as entrepreneurs, try using this approach and you’ll be able to achieve more through increased productivity and higher profits maximization. 

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WAYS ADOPTED BY THE GOVERNMENT IN DEALING WITH THE INCREASING NUMBER OF PEOPLE LIVING IN SLUMS.

 

WAYS ADOPTED BY THE GOVERNMENT IN DEALING WITH THE INCREASING NUMBER OF PEOPLE LIVING IN SLUMS :

Hello reader, today I’ll be taking you through some of the major ways the government has adopted in dealing with the increase in the number of people residing in slums. There are a couple of slums in the country and most of them currently are Soo crowded. So many people reside in those areas most of them being either refugees while others are majorly made up of the homeless and orphans. And recently there has been an increase in the number of people in these slums therefore , this has led to more deteriorated living conditions within these slums. Hence the government had or has to come up with ways in dealing with this mega issue. Some of the major and crucial ways adopted by the government in dealing with these increasingly high number of people living in slums, are elaborated below:

. Proper and affordable housing.

 Through these approach , more people will be able to afford these houses. It is evident that majorly those houses in major cities are costly and unaffordable to the lower income earning people . And through this, most lower income earning citizens end up being unable to afford hence they end up being homeless in the long run. Homelessness drives them in joining these slums since most of the houses provided there are more affordable due to there deteriorated conditions. Therefore through proper and affordable housing provided, most of these people will be able to afford renting these houses. Hence there will be a reduction in the increasing number of people living in slums. 

. Provision of job opportunities.

 Most of the people who end up living in these slums are jobless hence if the number of the jobless people keeps on increasing, there will be an increase in the number of people living in these slums. Therefore through provision of job opportunities by the government, more people mostly those living in these slums will be employed hence will be able to generate income . Through income generation, they’ll now be able to afford better housing as well as affording their daily needs. Hence the number of people living in these slums will decline greatly.

. Reducing rural to urban migration.

 Most people join these cities in such of greener pastures but most of them end up being jobless at the end of the day hence being jobless, they will be unable to afford their daily needs therefore they end up being homeless in the long run. To afford owning a place to shelter on, most of them opt to live in these slums hence through this, the number of people living in slums has increased greatly. Therefore to cope with this situation, the government may opt to limit the rural to urban migrations. It may seem irrelevant to many but it will be a good approach to benefit the many. People who may opt to live in these major cities should provide a clear reason and purpose as to why they opt to live in these cities. Their financial status too may provide a relevant data too in evaluating their chances of surviving in these cities. Through this approach, many of these people who might end up residing in these slums might be greatly saved thus there will be a reduction in the number of people living in these slums.

. Through financial assistance.

 Since most of these people living in slums or who end up living in slums are financially unstable , the government may opt to provide financial assistance to them. This might be in terms of financial aid where each family is given a certain lamp sum to cater for their housing , the transport costs incurred as they migrate to other better areas ,as well as catering for their daily needs . It might be even more ,so they may even opt to start a business to generate income so as to sustain their daily needs as well as improving their standards of living. Financial assistance also may be in terms of providing loans withlow interest to these people. Through this , most of might end up generating their own income from the business they set up from this money they obtain. Hence they’ll be able to afford proper housing and thus the increasing number of people living in slums will decline greatly.

In a nutshell, reducing this increasingly high number of people lining in these slums is very possible if this major ways may be adopted and implemented effectively.

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MAJOR ROLES PLAYED BY VOCATIONAL TRAINING IN ERADICATING VAST UNEMPLOYMENT RATES IN THE COUNTRY.

 MAJOR ROLES PLAYED BY VOCATIONAL TRAINING IN ERADICATING VAST UNEMPLOYMENT RATES IN THE COUNTRY :

Hello reader, today I’ll be taking you through some of the major and crucial roles played by vocational courses and training in the eradication of the increasingly huge unemployment rates in the country. Most people especially the youth currently are unemployed. They all need to make a living and since they are unemployed, most of them result to more dependence on aid from well wishers and even engaging themselves in crimes so that they could earn income to cater for their daily needs . Through vocational courses and training, many of these people have been able to equip themselves with professional skills and knowledge to work in a variety of jobs all over the country. Hence they been now able to make a living, meet their daily needs as well as improving their standards of living. This has been a major benefit as the dependency rates too have declined greatly. 

 Some of the major roles played by these vocational training and courses in the eradication of vast unemployment rates in the country are elaborated below:

. Vast job creation. 

 These vocational courses and training have the mandate to equip it’s learners with the necessary skills and knowledge to perform different jobs effectively. Most of them doesn’t require professional resumes for you to enroll. Hence most of the people who majorly lack enough knowledge on previous school levels may enroll into these institutions quite easily. Therefore more of these people being equipped guarantees you that most of them will now be able to start their jobs and generate their own income to sustain their daily needs as well as most of them too will have the relevant knowledge and skill set to be employed in organisations and businesses hence also be able to generate their income thus sustain their daily needs. Hence through this , unemployment rates in the country have greatly declined.

. Equipment of necessary skills and knowledge to learners 

 Many learners have been equipped with relevant knowledge, skills and abilities in these vocational training institutions. Thus through the competency instilled in them, they will be able to start up and run their own businesses hence be able to generate their own income to sustain their daily lives in the long run. A person rich in skills, knowledge and expertise in a particular field is more likely to be employed and if not , he/she is able to start and run his/her own business. Therefore vocational courses and training have played a major part in creating more and more job opportunities majorly for those who lack in professional skills and knowledge . This has facilitated the decline of vast unemployment rates in the country.

. Generation of revenue to the government.

 Due to many people enrolling to these institutions, the government have been able to generate more revenue in the long run. Hence the government has been able to invest that money generated to other development projects hence creating more job opportunities in the country. This has been made possible due to the vast number of students joining these institutions as more money is obtained from the fee generated as well as the extra costs incurred in receiving other relevant services in those institutions. Therefore through these vocational training centres and institutions, more jobs have been created therefore , the vast unemployment rates in the country have declined greatly.

. Increased productivity in businesses and industries.

 After acquisition of the necessary knowledge and skill set, these people have greatly helped increase the production levels in many businesses and companies courtesy of these vocational training centres and institutions. Through application of the knowledge taught in these vocational institutions and due to the vast number of graduates on accomplishment of the training period, there has been sufficient labor in the market , the production levels have increased greatly. Increase in production activities creates more job opportunities for people most those engaging in marketing the final products produced. Therefore many job opportunities have been created this there has been a reduction of the unemployment rates in the country.

In summary, these vocational courses and training have played key roles in maximizing job opportunities in the country majorly to those people who lacked in professional skills and knowledge hence vast unemployment rates have greatly declined. 

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REASONS WHY THE RECRUITMENT AND SELECTION PROCESS ARE CRUCIAL IN ACHIEVING BUSINESS SUCCESS.

 

REASONS WHY THE RECRUITMENT AND SELECTION PROCESS ARE CRUCIAL IN ACHIEVING BUSINESS SUCCESS :

Hello dear reader, today we’re going to study in detail some of the major reasons as to why the recruitment and selection processes play a vital role in the achievement of business success. For competency and accountability in the operation of business activities, high skilled personnel are required. Hence in obtaining people who are rich in professional skills, knowledge and abilities, the recruitment and selection processes play a key role. Working with incompetent people in your business only guarantees you increased losses due to poor performance of business operations. Hence to avoid the occurrence of these negativities, obtaining competent employees to perform the duties delegated to them as expected and improve the performance as well as productivity of your business, recruitment and selection processes are crucial. Some of the major reasons as to why these processes are vital in achieving business success, are elaborated below:

. Increased efficiency in production activities.

 Employees who are rich in skills and knowledge are more efficient in performing the routine duties delegated to them. Hence you as an entrepreneur to be more efficient in your routine production operations, the recruitment and selection processes play a key role. Before hiring potential employees into your business, you should take into consideration going through their resumes critically to ascertain what skills, knowledge and proficiency they possess. Interviewing them too plays a key role in getting to knowing them much better. Through these approaches, youll be able to get employees who are more competent and efficient in performing their tasks and duties. Hence you’ll be able to generate more income in the long run and succeed in your business.

. Increased productivity.

 Taking keen concentration as an entrepreneur in hiring new employees, creates an assurance of obtaining high skilled personnel rich in professional skills, knowledge and expertise. Therefore your production activities will be much faster and effective in the long run. Hence more goods and better services will be produced. Hence you as an entrepreneur you’ll be able to make more sales thus maximizing your profits effectively. It is evident that when you work with incompetent people, you’ll eventually make more and more losses as there will be lesser goods and services produced. Employees who lack in professional skills knowledge and expertise majorly acct as a hindrance in the achievement of business success. Hence through competent and highly skilled personnel, your productivity will greatly increase.

. Production of high quality goods and services.

  If the recruitment and selection processes are taken seriously when hiring new employees into the business, high skilled personnel will be obtained. Hence through working with employees rich in skills and knowledge, the goods and services produced will be of high quality. Production of high quality goods in your business gives you a more advantage than your competitors as youll register more sales more than them. Many customers tend to consume higher quality goods and services hence you’ll be able to generate more income in the long run. Therefore for you to succeed as an entrepreneur and as a business, the recruitment and selection processes are vital .

. Reduced risks and accidents.

Acquiring high skilled personnel through effective recruitment and selection process, the level of accidents will greatly reduce. The bigger advantage being that these employees before joining your business are well equiped with the necessary knowledge and skills guiding them on how to evade this accidents and work effectively in hazardous conditions. Lesser informed employees; those lacking in professional skills and knowledge are more prone to accidents since they lack in knowledge and skills.

Hence, you as an entrepreneur should take into consideration hiring more skilled personnel so as to reduce the risk levels in your business may it be a company or an organisation. If you find hiring new ones unnecessary, you may opt to educate the existing employees on relevant ways to avoid accidents or providing them with necessary skills and knowledge to work in accident prone conditions and situation. But these costs end being a major burden to you as an entrepreneur hence to avoid this, taking the recruitment and selection processes seriously assists you in acquiring more skilled personnel thus risks and accidents will decline greatly.

In a nutshell, you as an entrepreneur should purpose to adopt these processes when hiring new employees for effective performance in your business as well as the general success of your business.

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WAYS YOU CAN ADOPT TO MOTIVATE YOUR HUMAN RESOURCE IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

 

WAYS YOU CAN ADOPT TO MOTIVATE YOUR HUMAN RESOURCE IN THE ACHIEVEMENT OF BUSINESS SUCCESS :

Hello reader, today I’ll be taking you through some of the major ways you can adopt as an entrepreneur to motivate your human resource for effective attainment of business goals. Human resources are the most crucial resources in a business may it be a company or an industry. Hence for effective production, performance and profit maximization, motivating them plays a vital role. They are human so they too have feelings thus they may also loose interest in their daily undertakings or even loose feelings for the organization they work in hence motivating them is key. Through motivation , their morale will be boosted hence their performance improves thus there will be more productivity and profit maximization. Some of the major ways you can adopt as an entrepreneur in motivating your human resource in the achievement of business success are highlighted and elaborated below:

. Positive motivation.

 This may be in terms of giving awards to higher performing employees or pardoning them some few days of work for vacation purposes. Gifting higher performing employees motivates all employees to work hard in their respective duties so as to receive those awards. Each employee will commit him/herself fully to the duties delegated to them with the major aim of being awarded on the successful accomplishment of his/her tasks. Hence through this approach, there will be increased productivity due to the endless efforts made by the employees. Through increased productivity, your business will be able to generate more income in the long run hence continued success will be registered in your business.

. Negative motivation.

 As an entrepreneur, you may opt to motivate your employees negatively. This may be in terms of reducing the tasks delegated to them if the employees are unable to meet the deadlines. Through this approach, the employee whose some responsibilities are declined will feel incompetent hence will purpose to work hard to secure his/her job position. Minimisation of duties only motivates an employee to work as hard as he/she can so that he/she won’t loose the job to a more competent employee who’ll be able to perform all the duties delegated more effectively and efficiently than him/her. Therefore all employees will work hard hence improving the productivity and performance of the business in terms of profit maximization. Thus business success will be attained. 

. Coercion.

 This type of motivation is done by providing threats to the unproductive and underperforming employees if the duties delegated to them aren’t performed as expected or if they are sluggish in performing their tasks . This kind of employees tend to contribute to business failure as the business operations are altered and slowed down. Hence low quality results and finally, lower income generation by the business. Hence through this approach, these kind of employees will aim to putting all their efforts in increasing their effectiveness and efficiency in performing the duties delegated to them. Therefore , the business productivity will increase thus more income will be generated in the long run. This results and plays a vital role in achieving business success.

. Through performance appraisal.

This type of motivation is done through appraising the higher performing employees within the business. This may be in terms of offering promotions , awards or salary increase. Through this approach, employees will give their best in delivering the required results so as to be appraised. No employee would like to be left behind as their fellows get the benefits therefore your employees will be more faster, effective and efficient while performing their tasks and duties. Mostly salary increase acts as a major motivation as most of the employees are in much need of finances to cater for their daily needs as well as improving their standards of living. Hence they won’t back down or be sluggish in performing their tasks and duties. Promotions too are a major source of motivation as these positions are accompanied by more advantages and pride hence through this approach too, employees will 

Be motivated to work hard too in achieving greatness in the duties delegated to them. This approach too therefore plays a key role in the attainment of business success.

In conclusion , you as an entrepreneur , through adopting these key ways, your human resource will be more motivated hence there will be more productivity and profit maximization thus you’ll be able to succeed in your business.

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MAJOR WAYS IN DEALING WITH STIFF COMPETITION IN BUSINESS.

 

MAJOR WAYS IN DEALING WITH STIFF COMPETITION IN BUSINESS :

Hello reader, today we’re going to study in detail some of the major ways you as an entrepreneur can adopt in dealing with stiff competition in business. Many similar businesses operating majorly in a similar area ,creates stiff competition as each business is fully focused in achieving success. And it is the aim of each and every entrepreneur to maximize his/her productivity and profits. Therefore to achieve success in business, each entrepreneur should find ways in dealing with this stiff competition and flourish business wise. Some of the major ways to be adopted in dealing with stiff competition are elaborated below : 

. Proper market research.

 This goes to the entrepreneurs venturing into new businesses. Proper and critical Job analysis equips the entrepreneur with enough knowledge on what the business he/she intends to venture in deals with. 

This will assist him)her filter out businesses with higher or stiff competition. Therefore the entrepreneur will be able to run his/her business operations efficiently, maximize his/her productivity as well as maximize his/her profits too. Those entrepreneurs who are already in business and are faced with stiff competition, may opt too to carry out business research and in the long run, they’ll end up benefiting from the knowledge and skills they learn. Hence this will assist each and every business owner in minimizing or getting rid of stiff competition in business.

. Hiring competent and highly skilled workforce.

 Business operated by highly skilled personnel are more competitive than the ones operated by unskilled personnel. Therefore even in the presence of stiff competition, your business will thrive and it’s operations will continue to exist normally. High skilled personnel too are an added advantage too as they contribute to production of high quality and quantity goods. Therefore the sales will be higher and the profit margins will be higher too. Hence through hiring of competent and skilled personnel in business, stiff competition will decline or even eradicated.

. Improving the quality of the goods being produced. 

 Mostly production of similar quality goods by all businesses dealing with similar goods is the major cause of stiff competition in business. Hence , if you as an entrepreneur makes that effort to improve the quality of your goods, you’ll be at a more greater advantage in marketing your products. Therefore you’ll be able to minimize the competition levels and hence marketing your goods will be much easier. Thus your sales will increase and hence you’ll Bea able to generate more income in the long run. So if you want to reduce or eradicate stiff competition in your business , as an entrepreneur, improve the quality of your goods. 

. Offering after sales services.

 After sales services like free delivery of goods purchased , gives you as an entrepreneur an added advantage as many customers will purchase your products more oftenly so as to receive those extra services offered. Many businesses offering the same services is one of the major causes of the rise in competition levels. Therefore if you introduce new services to your business , you’ll end up attracting more and more customers to your business. Hence you’ll be able to maximize your sales and profits at large. Thus after sales services play a crucial role in minimizing and even eradicating stiff competition.

. Introducing discounts on bulk purchasing.

 Offering discounts to customers who purchase goods in bulk , will assist you as an entrepreneur to be at a much better advantage than your competitors. You’ll be able to attract more customers in your business. Hence your profit margins will rise greatly and you’ll be able to run your business operations smoothly. Many customers like additional free goods , I’ll have to admit that too because I’m also one them. Hence introducing discounts will help you minimize stiff competition in the long run. So you’ll thrive as an entrepreneur and your business too you’ll experience growth because many businesses tend to thrive in the absence of stiff competition in business.

In summary, we’ve all seen that minimization of stiff competition is very possible. Hence we should adopt these key ways in our daily business operations as entrepreneurs in the major goal of achieving business success.

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MERITS IN VENTURING INTO SMALL SCALE BUSINESSES.

 

MERITS IN VENTURING INTO SMALL SCALE BUSINESSES : 

Hello reader, today I’ll be taking you through some of the major advantages in starting and operating small scale businesses . These kinds of businesses are many and easy to start. Many people fall under this category of business. They may generate little in come but they are very beneficial in the long run. Therefore starting this small scale businesses as the main business or as a side hustle may be an added advantage to you as an entrepreneur. You’ll be able to generate your income hence sustain you daily needs more effectively. Some of the major advantages accompanied by starting or engaging yourself in these small scale businesses are elaborated below:

. Limited capital required to start and run your business.

 Starting small scale businesses is way much easier as the money needed to start and run the business is minimal. Therefore any person can engage in this type of business hence be able to generate his/her living and sustain his/her needs more effectively and efficiently. So many of the unemployed people can opt to engage in these businesses and make a living out of it. Majorly most of the youth are unemployed therefore if each one of them were to save little money daily , most will eventually be able to start their own businesses and generate income to sustain their daily needs effectively. Hence even the dependency rates will decline.

. Few legal formalities required.

 Acquisition of licenses is way much better as the costs incurred are minimal. In terms of taxes too, most of these businesses are lowly taxed hence the entrepreneur ends up remaining with the greater benefits. Minimal cost incurred too in acquisition of licenses has motivated more people into starting these businesses. Thus the unemployment rates too have declined greatly. Many people have now been able to generate their income and sustain their daily needs more effectively and efficiently. The government too has benefited as more revenue have been generated due to the increased number of these small scale businesses. There are many tax collection points since these businesses are every where. Thus even if the tax levied isn’t that intense, the government has been able to generate more revenue . 

. No level of expertise required.

 There are no professional skills and knowledge required to start this small scale businesses. Any person provided that he/she is able to read and write , know the basic calculations while dealing with money, he/she can operate these businesses. Hence running these businesses has been more rampant and beneficial due to high number of people who lack professional skills. As compared to other major businesses which require high level of expertise in operating them, these businesses do not require any professional expertise to start and operate. Thus the common mwananchi has benefited out of this businesses greatly as most of them are illiterate or lack professional skills, knowledge and abilities. 

. Not labor intensive.

 Majorly small scale businesses are managed by single business men and women hence the cost incurred in hiring and maintaining additional labor is less . This businesses are mostly not that that big hence do not require too many people working in these businesses as compared to maybe large scale businesses which require additional labor to run the business effectively. Therefore these entrepreneurs who venture into small scale businesses maximize their profits due to decrease in labor costs. Therefore the small scale businesses ends up being more productive than even most large-scale businesses. 

. Wider market .

 Most of these small scale business owners deal with fast moving goods and services. Goods sold are majorly consumed directly hence they have a wider range of customers. Therefore these entrepreneurs will be able to market their goods and services more easily hence generate more income to cater for their daily needs as well as improving their standards of living. This is a major merit to small scale businesses as compared to large scale businesses who’s goods mainly aren’t consumed directly hence goods and services the large scale businesses produced aren’t as marketable as those produced by small scale businesses.

In a nutshell, venturing into small scale businesses is more helpful and advantageous therefore entrepreneurs should invest in them to maximize their profits effectively.

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KEY FACTORS TO CONSIDER BEFORE STARTING A BUSINESS.

 

KEY FACTORS TO CONSIDER BEFORE STARTING A BUSINESS.

Hello reader, today we’re going to study in detail some of the major and key factors you as an entrepreneur should consider before venturing into a business. It is good to know critically what kind business you’re engaging in before venturing into it. Critical analysis of the job gives you a surety of effective and efficient running of the business there will be increased performance and productivity. Therefore, you as an entrepreneur will end up maximizing your profits in the long run. These factors have proven effective for many entrepreneurs as they play a vital role for the smooth start and majorly the success of the business. Hence embracing them guarantees more benefits in any business you engage in in the long run. Some of these key factors to consider before starting any business are elaborated below:

. Capital.

 How much is needed to start that particular business? Do you yourself as an entrepreneur have enough money to start the business? . These are the major questions you ask yourself before you start any business. Hence they assist you to plan and minimize frustrations . Therefore before starting any business, critical analysis of the money needed is vital . Knowledge about the finances incurred helps you as an entrepreneur to plan and gives you time to even get the money first to facilitate you to start that business. Hence knowledge on the money needed to start a business is key.

. Availability of raw materials.

 Are they available? Are they at your close disposal ? . You should ask yourself these questions before venturing into any business. Unavailability of raw materials for an already established business is fatal as this business will end up shutting down in the long run due to inefficiency in it’s production activities. Hence to avoid these consequences , as an entrepreneur, you should study in detail the availability of the raw materials needed to manufacture or produce your finished goods. If they will be available, this will create that certainty of continued running of your business, more production hence you’ll maximize more and more profits. And if the raw materials are unavailable for the business you intend to venture in, you may opt to change that business to avoid incurring more expenses and losses accompanied when you start that business. Thus knowledge on the availability of raw materials us vital.

. Availability of labor.

 Are people you need for the business available? Are there skilled personnel needed ? .These questions are relevant for an entrepreneur before starting any business. Having the knowledge of the labor availability gives you a clear insight of whether it will be possible to carry out business operations effectively and efficiently for the maximization of the production activities and majorly profit maximization. If skilled labor is needed, you as an entrepreneur should look forward to carrying out the recruitment and selection process seriously. You should go through their resumes critically to ascertain that they possess the right skills , knowledge and expertise to deliver to perform the business activities.

Having the right and qualified kind of people working in your business guarantees you success. Hence having the knowledge on the availability of labor is crucial.

. Availability of market.

 Is the a market to sell your finished products ? If yes, is it at your close disposal? . These questions are vital before venturing into any business. This is one of the main factors to be considered before you as an entrepreneur should venture into any business. You should study critically on the market availability as this will guide you to either success or failure of that business. Availability of market guarantees you success as you’ll be able to market your products hence maximize your profits effectively. If you have a ready market ; customers are in need of your products, you’ll be even motivated to produce more and more end products thus you’ll end up generating income more efficiently. Therefore, knowledge on market availability plays a vital role before starting any business.

In a nutshell, you as an entrepreneur should purpose to take this factors into consideration before you start any business. Through this pre job knowledge, you’ll be well informed hence you’ll be able to plan effectively . Hence on the commencement of your business, your business operations will run smoothly thus you’ll maximize your productivity and profits greatly.

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REASONS WHY PLANNING IS CRUCIAL IN ACHIEVING BUSINESS SUCCESS.

 

REASONS WHY PLANNING IS CRUCIAL IN ACHIEVING BUSINESS SUCCESS. 

Hello reader, thanks for joining me again. Today I’ll be taking you through some of the major reasons as to why planning plays a key role in achieving success in your business. Having a plan before executing your business operations is key in the achievement of success in your business. So it is important if you aspire to succeed in your daily business operations . Inability to plan is fatal as it majorly leads an entrepreneur to losses in his/her business. Therefore, to avoid losses and maximize our profits, planning plays a vital role. Some of the major reasons as to why planning is most relevant in achieving business success are elaborated below:

. Resource utilisation.

 To manage your business resources effectively, planning is key. Planning helps you as an entrepreneur to avoid mismanaging your resources to unproductive activities. Wasting resources is reduced greatly therefore you’ll be able to maximize them in performing your routine business activities hence maximizing profits too in the long run. Entrepreneurs who carry out their business operations without a plan normally incur losses as there’s no guidance or aim to be achieved at all. Therefore to achieve success in your business as an entrepreneur, planning plays a crucial role.

. Maximization of profits . 

 Through planning, an entrepreneur will be able to manage his/her resources effectively hence talking about human resource, there will be increased performance hence more productivity . More productivity in terms of high quality and quantity goods and services guarantees increased income generated hence the entrepreneur enjoys more profits. Thus , planning is vital in achieving business success to an entrepreneur and the business at large.

. Time management.

 Planning reduces time wastage as it provides the entrepreneur with clear guidelines on what to do . Hence time will be utilized greatly in the production activities therefore the entrepreneur will be able to generate more income in the long run. Lack of a plan only creates confusion hence more time will be wasted in explaining and understanding what needs to be done. Therefore operations will be slower, output will be low and profits will be low too. Thus planning plays a key role in achieving business success.

. Efficiency in executing business operations.

 A plan outlines clear and step by step guidelines to be followed in performing the routine business activities and operations. Hence the start of the business and it’s continuous running greatly depends on the plan. A business with a plan is more efficient in the execution of it’s operations ,than a business with no plan. A business without a plan will commence yes but on the course of it’s operations, there will be hitches in redirecting it’s operations hence it will be inefficient in it’s routine operations and activities. Therefore to achieve business success, a plan plays a vital part.

. Saving on costs incurred due to a lack of plan.

 There are consequences suffered due to a lack of having a plan in your business operations and activities. For example, time wastage majorly affects an entrepreneur as it minimizes efficiency in carrying out business activities. Hence the performance and production levels end up being low. And this leads to more losses incurred by the entrepreneur. Therefore to avoid these costs incurred in recovering these resources wasted, planning is vital . Thus to achieve business success as an entrepreneur and a business, planning is crucial.

. Avoiding confusion.

 A presence of a plan to guide your routine business activities and operations minimizes confusion . Inability to plan or lack of a plan in executing your business operations causes confusion . Hence more time , resources and money will be wasted . Thus to avoid this from happening, you as an entrepreneur should purpose to formulate plans to guide you in your business operations. Through this , you’ll be efficient in your routine operations hence you’ll be able to generate more income in the long run. Thus , we’ve all seen that planning is key in achieving success as an entrepreneur and achieving success in business too.

In conclusion, having a plan before you commence your daily business activities and operations as an entrepreneur, you’ll be able to maximize your time , money and efforts effectively thus generating more income in the long run. 

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BENEFITS ACCOMPANIED BY IMPLEMENTATION OF A UNIFIED APPROACH IN DECISION MAKING.

 

BENEFITS ACCOMPANIED BY IMPLEMENTATION OF A UNIFIED APPROACH IN DECISION MAKING.

Hello reader, today I’ll be taking you through some of the major benefits of using a unified approach in decision making may it be in groups , organizations, businesses or even as a nation. Tripartite consultations in decision making plays a vital role in majorly avoiding and getting rid of conflicts . All stakeholders should be consulted if group activities need to be conducted efficiently. Single decision making without their consent only creates mistrust and eventually causes disunity hence a unified approach in these decisions made is vital . Some of the major benefits in implementation of a unified approach in decision making are elaborated below:

. Promotes unity and cohesion. 

 Collective efforts amongst all stakeholders in the making of decisions plays a key role in promoting togetherness and unity. Every member in the group is able to air his/her view and receive feedback hence this interaction amongst them fosters unity. Mostly the superiors who exclude members in the decision making process end up creating a disunited group . The decisions made by the single person leads to disagreements by the group members as they were excluded as the decisions were being made.

Therefore to achieve and promote unity amongst all group members , collective efforts play a vital role.

. Fostering group efficiency in their operations.

 If decisions are made by a single person , most people won’t agree to those decisions and also more group members won’t be updated on those decisions made . Hence this creates a major hindrance in achieving group efficiency in it’s routine operations. Thus if all stakeholders were to be included in the decisions made, a collective agreement will be reached and all group members will be fully updated therefore there will be increased efficiency in the groups operations and activities. Hence , using this approach in the group decisions being made is key.

. That sense of belonging is achieved.

 Excluding group members in the decision making process only demotivates them hence they feel left out and unwanted. This feeling creates mistrust and disunity amongst all group members. Hence involving all of them in group decisions being made helps create that sense of belonging since all group members are incorporated together and their views and opinions matter in the decision making process.

Thus using this unified approach in decision making is crucial.

. Achievement of a well motivated group.

  Making group decisions without involving the group members only demotivates them . They’ll feel insignificant as they’ll fell that their decisions are unworthy and irrelevant hence their self esteem is tampered with therefore you’ll eventually demotivate the whole group. Thus to achieve a well motivated group, involve all group members in the making of the group decisions . And remember that having a motivated group guarantees you the efficiency, effectiveness and success of the whole group hence using a unified approach in decision making is vital.

. Boosts the whole groups performance.

 Inclusion of all group members in the decision making process guarantees you that each group member will be well informed of the group decisions hence group performance will be boosted. Informed group members are more efficient and effective in their group undertakings . Hence through effectiveness and efficiency in performing group activities, the whole group performance will increase greatly. Thus using this unified approach in decision making proves effective and beneficial in the long run.

. Increased productivity in terms of quality and quantity.

 Inclusion of all group members in the decision making process guarantees you that each group member will be well informed in what he/she is supposed to do hence group effectiveness and efficiency will be achieved. Achievement of group effectiveness and efficiency is an assurance of good performance by each and every group member hence there will be increased productivity. The goods and services produced; the final products, will be of high quality and quantity . Therefore embarcing this approach in the group decisions being made is crucial .

 In conclusion, we’ve all seen that using this unified approach in decisions being made is vital for the general performance and success of all the group members and the whole group at large. Hence I’d urge all for you to apply it for you to succeed in your groups, business and as a nation at large. Thanks for reading, hope it will benefit you, follow for more…

THE FIGHT AGAINST TERRORISM IN KENYA.

 

THE FIGHT AGAINST TERRORISM IN KENYA.

Hello reader, today we’re going to look into detail some of the major efforts adopted and which can be adopted in the fight against terrorism. Major terror attacks had been rampant in recent years within the country. Many people have lost their property, some ended up homeless, many too lost their relatives as well as many also lost their lives due to terror attacks. To curb this mega issue , many initiatives have been formulated and implemented. Some of the major ways adopted in the this fight against terrorism are elaborated below :

. Implementation of the nyumba kumi initiative.

  These groups have been established in each and every rural area so as to keep track of all people in those respective jurisdictions. Knowing and understanding who’s next to you; your neighbor, is the first step in curbing terrorism. Having a clear insight of the people around you plays a vital role in establishing and comprehending their aims . Mostly these new people in the neighborhoods within our society. Through this initiative, terror attacks have greatly decreased within the country. Combined efforts by the government and the citizens have proven effective in this fight as citizens have helped the government in detaining many suspects who eventually have been confirmed being involved in terrorism. Therefore through this initiative, curbing terrorism has become much easier.

. Training more service men in the military.

 The government has made efforts in recruiting more service men and women in the military. This has proven effective in the fight against terrorism as there has been sufficient labor. Many areas all over the country have enough military service men and women Incase of a terror attack. Therefore patrols have been effective in ensuring the safety of the citizens, their property and the country at large. The availability of sufficient labor hence has played a vital role in curbing terrorism in the country.

. Advancement in technology.

 Technological advancement within the country in terms of military equipment and strategies has proven effective in the fight against terrorism. For inspections, human labor have been relieved the burden of patrolling large areas due to the presence of drones. Drones have facilitated the ease in monitoring large areas within a short period of time hence terror groups and attacks have been minimal. The lives of our service men and women too have been much better as they’re not put at risk due to the unexpected consequences accompanied by patrolling an unknown area. In terms of the military equipment used too, curbing terrorism has been much easier and effective.

. Initiatives by the government in retreating firearms from the citizens. 

 Unlicensed firearms have been retreated. Most of these firearms were majorly used in these terror groups and attacks. Therefore, through retreating them , more suspects too had been found hence this has helped curb terrorism in the country. A firearm free society is more safer than a community with illegal firearms. Presence of illegal firearms guarantees an insecure society as there will be property destruction, there will be increased robberies as well as lives will be lost. Therefore disarming the common citizens gives an assurance of a much safer community to live and work in hence terror groups and attacks will be reduced .

. Policy formulation and implementation.

 Policies fighting against terrorism should be implemented. This laws should provide a clear guideline to the citizens on what to do and what not to do. The government should make regular inspections to ascertain that these laws are abided by as the policy states. Those who go against the laws should face the consequences as outlined by the policy. Severe punishment should be imposed on them so that they act as a lesson to those others who may think of going against the law. Formulation and implementation of policies has always proven effective in the success of many initiatives. Therefore if policies are used and taken seriously, the fight against terrorism will be much easier and effective.

In a nutshell, if this vital ways were to be adopted and followed to the latter, the fight against terrorism will be a success eventually. Those already existing have proven effective so far hence continued efforts too will contribute majorly in eradicating terrorism in the country.

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