Balancing Business And Friends

 


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August 13 2012 l ndbs   By: Derrick Ndzavi 
   

Society has come to accept that being in business is about making money and nothing else.  Whenever someone is introduced as a business person, it does not matter how big or small your business is, automatically society places you in the class of “money hunters”.  This leads to some wanting to get too close to you for personal gains and others just want to be associated with you, whereas there are those who distance themselves from you as an indication that they are not in your life for what you have.   It is up to you as a business person to bring the balance between your business and your friends.

Keep your friends closer

There is a saying from Sun Tzu, the author of ‘Art of War’ that goes: “Keep your friends close and your enemies closer”.  In business your closer friends will help you stay alert from your enemies.  They can be your eyes and ears around you on issues that may not concern business directly.  Those are the people who are able to lift you emotionally when you feel down.  Most business people treat business associates as their friends and loose true friends along the way. When that association comes to an end they are faced with the mammoth task of rebuilding the collapsed friendship.

Employ them based on merit and skills

Working with people who understand you better can make the work easier, however, if you are in a position to employ your friends, make sure that they are having the skills required to do the job.  Your company may suffer if you just hire them based purely on friendship without skills to execute the job.

Help them financially without affecting the Business

There are times that we all have a need that must be met and one of the common needs is finance.  Imagine going to a friend and asking for financial assistance where you pay no interest instead of going to the bank.  Good as it may sound; many friendships have been affected due to failure to pay back the borrowed money.  When lending money to your friend you need to draw a contract that will have terms and conditions as to when do you expect the money back and what steps to be taken in the event the contract is not honoured.  Always have surplus amount for such advent circumstances than to take money from your business that would be used to buy stock and find yourself helping a friend with the hope that it will be returned soon. If your friend fails to pay as agreed, the business will suffer.

We all need six people to carry the coffin when we are no more.  Friends will attend the funeral even when not invited officially because they are “Friends indeed”. Give them attention while you are alive than them giving you attention when you are going six feet under and your business associates are sitting with umbrellas waiting for the next board meeting to replace you.

How To Save Money On Web Connections

August 06 2012 l ndbs   By: Derrick Ndzavi 
   

We are living in a New Age era where technology has become part of our being that life has become so easy and information is in our fingertips.  Gone are those days where we would walk around with huge files and dictionaries in university corridors, with Tablets we have all the resources we need.  One has to login to read the latest news without waiting for the printed pages delivered at door steps with bottle of milk. 

There is a cost involved though that should be taken into account when accessing this information and someone is smiling making money from the new age jibe.  One download can wipe the airtime or the data bundles and leaves one wondering where the credit has disappeared to.  Here are ways to save money from web connection...Read Full Article

Quitting Your Job At Own Risk

May 25 2012 l ndbs   By: Derrick Ndzavi 
   

Starting and running business while employed is not an easy thing to do, however that could be a best way to get started as you will still have source of funding for your business.  This kind of arrangement can be made if the kind of business you are starting can not meet your monthly financial obligations.  Before taking that risk of quitting the job to focus on business full time the following should be taken in to consideration:

1.  Salary for personal monthly expenses

For you to see the profit you make from the business you need to separate business expenditure from your personal expenses.  You can not take money from business to go buy stock and include your personal household items in that stock because come month-end you will have created a hole that you can not close.  Before you quit your job, check first if it is able to pay you monthly salary for you to take care of personal items from that salary...Read Full Article

Establishing You Business Embassies

April 21 2012 l ndbs   By: Derrick Ndzavi 
   

Every country has an embassy outside its own territory, however those embassies are in the countries that are in good working relation with such a country.  And often a country deploys either a former minister or government employee to run the international office.  There could be reason for that as since this person is retired might take up a job for the pride of the country than career ambitions.  Your business also needs Embassies in different spheres of operations and customer bases for you to draw more sales.  And there are no better people to deploy than your clients who have received best service from you.  Get the best out of your clients by getting them to talk about your business without paying them by following the below principles:...Read Full Article

Things To Avoid In Order To Keep Highway To Your Clients Open

January 31 2012 l ndbs   By: Derrick Ndzavi 
   

Running own business takes a lot of discipline and efforts. Every business is like a child that waits on mommy to breastfeed, the moment mommy fails to continuously breastfeed the child that child will be exposed to different kind of diseases. The health of that child is depended upon the mother and more often mommy does not require thermostat to measure the child’s temperature level, by just looking at the child she can tell instantly that the child is sick. How often do we apply forethought in our daily operation of our businesses? Our consistence and inconsistency thereof will determine how far our business will grow and how many clients we will attract to our businesses ...Read Full Article

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