How To Start A Successful BusinessWritten by Willard Michlin
In Movie and Play “South Pacific” there is a song called “Talking.” The words to that song go like this. Feel free to sing it. “Talking, talking, talking, talking, talk. Talk about thing you’d like to do. You have to have a dream. If you don’t have a dream. How you going to have a dream come true.” This is first step. If you are going to devote 50 hours a week to a business, it is really essential that it fulfill a dream you have. Surveys of successful people have shown that love of work has been more important than money. Interestingly, that usually equates into success in work of love, which is then followed by financial success. It is also true that many people buy or start a business that they did not have any passion for in beginning but learn to love work and they worked in field. The first rule then is stay close to heart. In order to start anything new you must start out with a plan. We all have heard stories of great ideas that died because some one did not go past idea stage. The plan should include such simple answers to following questions; what is it you want to produce or sell? What is list of steps that you need to take to produce your product? (Working backwards from final product, accomplishes this.) What are all marketing and administrative steps that you have to take? And lastly, what resources do you need to execute this plan, including education and finances? This plan and all of its parts will give you a road map. So we have second rule. “If you do not know where you are going. How do you expect to get there.” We have all heard expression. “The best laid plans of mice and men…” Now that you have a plan worked out and all its details, it becomes very important to take this plan and execute it one step at a time. One way to help move you rapidly through your list of targets is for you to put a completion date on each target step. This prevents procrastination (putting things off until tomorrow that you should of done today.) and keep you moving steadily towards your final destination. This brings us to third rule. “Follow Yellow Brick Road” On above list of necessary questions was question of resources. In a capitalist society like one we live in two main resources are Capital (money) and Labor. This concept basically says you need both of these. It also implies that if you have more of one of these you can use less of other. For example; if I need a piece of office furniture I could 1. Spend my hard earned money and buy one or 2. I could get my tools out, buy some lumber and make one with my labor. There is third resource that is not mentioned but is just as important. It fits into two resources by being called using your brain or your brawn (strength). How to you best utilize your brain so you can work smart? The answer is get educated on How to run a business. How to control finances. How to market your product? And my favorite: How to keep it and not pay it all out in taxes? Invest your hard earned capital in these very important resources. This brings us to rule number 4. “They can’t take your knowledge away from you.”
| | Human Resource Employee Risk ProfileWritten by Philip Lye
HUMAN RESOURCE & INDUSTRIAL RELATIONS RISK CHECKLIST©Employing workers is a risk but you can do something about ensuring your risks are minimised. This Checklist should be used as a guide to assess your human resource management and industrial relations risks. It is intended to assist you identify your ‘risk profile’ and ‘potential exposures’ and with identification to take appropriate action to minimise these potential risks and exposures Please answer following question honestly by drawing a circle around or shading in column. If you can only answer part of question in affirmative, then you should select ‘No’ eg in Q1 if you have employment contracts for your employees and not for your management team then select ‘No’. 1.I have up to date employment contracts for all employees and managementYesNo 2.I induct all employees into workplace using a documented processYesNo 3.I have fully documented human resources procedures and policies in placeYesNo 4.These policies and procedures are available to all employees and are regularly referred to, used and maintainedYesNo
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