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It comprises of product identification, feasibility, finance and successesful implementation.The opposite is Business stupidity, depending on the degree of failure because some are out of your  control. Any Business is a risk. Those risks are -Enviromentak factors -Finances -Human factors  -Resources -Production -Clients -Durability -Profit/loss  The evaluation of the  above factors should be _Periodically -Short term performance  -Medium term performance  -Long term performance  Short term performance  The first 6 months are critical important. We don't expect the  miracle profits at the same time we don't expect the down drain expenditure  instead it should be a wave like performance. Medium term performance  When the short term  has performed better then we can build from that short term which will be -Client stability  -Client base increase -Stable Production  Sustainable production -Financial stability  Long...

What I have observed December month is different from the other months because there's lot of expenditure which exceeds our income. What makes December a month expenditure are 1.Holidays(Christmas,Bonuses, Renovation, Entertainment etc. 2.Competing (Clothes, Cars) 3.Touring(local, international) 4.Food exploration (Visiting Restaurants) 5.Visits (from the families,throwing dinners) Can you be able to control some of the above  expenditures.Yes,we can if  we plan. Let's start from finances. A.How many bank accounts do you have? B.Who keeps those cards? C.How do you categorized your expenditure? D.How  many part time or full time jobs do you have? E.How big or small is your family? A.Bank accounts  You need 3 bank accounts. 1.Normal bank account which covers the day to day expenditure like gasoline,bread, vegetables and other regular food items.This type of account  covers the daily expenditure under R200 or $12.00 2.Emergency bank  account like Tyre puncture...

Finance determines  our freedom, happiness, health and progress.Most  of us  the  standard of living is higher than what we want. Whether you get a million a month cannot be  enough because the expenses have been pitched very high. You know,People want to be "seen"  that they are rich which  which they believe  that  the community around  respect and honour them. The following expensive  items are used 1.Cars 2.Houses 3.Clothes 4.Food 5.High Friends  In order to get money,more money will be needed. Thats why we see people  from the  media who have  -acquired money illegally  -stolen the properties of other people  -stolen the  properties of Government  -extorted the communities  What is the solution of an  ordinary person. 1.Earning Salary. 2.Having Savings 3.Selling some of your  properties. 4.small business if it is possible. 5.Extra skills like (painting) Some  People ta...

The world of finance is interconnected. You may  see things, production running well,where you are  working.Behind the scene the management is struggling. For the sake  of progress some of the frustrations you are not told  because you can 1.be demotivated. 2.be unproductive. 3.look for another job when you are still  working OR 4.Work  part time somewhere. 5.misbehave 6.demand their pension  7. resign. Thats why the management  will not tell you about all the problems which they encounter. The management have the  following options  1.Borrowing 2.Selling  some of the assets like transport. 3.Closing  some  branches. 4.Renegotiate the rent  5.Reducing  the work space. 6.Cut hours of  work. 7.Give  more free days. 8.The last Resort is insolvency. The labour expects to be involved  right  from the beginning.When there are problems the labour will agree to -No increment. -Reduced  working ho...

Your success does not depend on how much you have, but how much can you can utilizes. We all have the basic needs.Our salaries and income are measured against the inflation. The Employers depend on the inflation. The other factors are the profits, expenditure as labour is classified of non- profit.There are no  external rules or percents which stipulate how much the labour should receive. The Governments measure the salary against  (1) Qualifications (2) Experience (3)The Weight or the Volume of the work which includes the rank. Moreover the private sector looks  at how much you bring to the company.They also look at your past performance and the contributi to the production which is measured by the outcome. In the past most  companies paid their workers weekly,but as the time went on they opted for the monthly payments. The Financial Discipline will mean to utilizes your salary and save what remains. What I have seen.,the financial flow is disturbed by: -Demands -Wa...

There are  5 types  of  Money Spenders There  are those who  •dont save.Their money is finished before  they get it.The whole income is consumed by debit orders. There are those who save •1% and consume the rest  of the money. •5% and consume 95% •10% and consume 90% •above 20% In reality our  consumption is affected by the needs of the family and personal needs.Some of these needs cannot do away with them,they are 1.Electricity bill 2. Water bill 3.Basic Food 4.Transport  5.Car(s) instalments  6.Funeral insurance  7.Children's  Education  8.Medical Aid 9.Gasoline 10.Emergency Funds You cannot live without above necessities. What are the circumstances which we find ourselves in? 1.One Job 2.Low salaries 3.No  Promotion  4.Daily  Job challenges  5.Unexpected expenses  A Big Question is How did you survive  up financial up to this time? The Second  Big Question is What will you do to allevi...