Friday, 29 December 2023
BUSINESS NETWORKING EVENTS
Wednesday, 27 December 2023
FINANCIAL PLANNING IN BUSINESS
An individual's financial goals will more likely focus on achieving a minimum annual income, reducing tax liabilities, and securing their children. Financial plans may include hiring new employees, purchasing inventory, expanding into new product lines, and setting up shops with physical stores on more than just e-commerce websites.
Firstly, agile decision-making. Business landscapes are often unpredictable, requiring an agile approach to decision-making. Regularly reassessing and adjusting strategies based on the evolving business environment can be crucial for maintaining a competitive edge. Next, sales forecasts, such as estimating your expected sales for each product and price example market research, historical data, and industry trends. Furthermore, cash flow projection. For example, develop a cash flow statement to project when you expect to receive income and when you will incur expenses.
Next, is strategic innovation. The business world is highly competitive, and innovation is often the key differentiator. Embracing a mindset that encourages employees to think outside the box can drive continuous improvement and keep the business ahead of the curve. Strategic innovation has led to the concept of open banking, which involves opening up financial systems and data to third-party developers. Examples are online lending and crowdfunding. This has democratized access to capital for small businesses and individuals who may have struggled to secure loans through traditional channels.
Finally, strategic partnerships. Collaborating with other businesses or forming alliances with complementary entities can open up new opportunities, expand market reach, and enhance overall competitiveness. By collaborating with other businesses, a company can access additional customer segments, expand its product or service offerings , and tap into new markets. This diversification can contribute to increased sales and revenue. Other than that, financial projections create a comprehensive set of financial projections for at least the next three to five years.
In conclusion, the field of business demands a proactive and strategic approach to navigate its intricacies successfully. The ability to continually learn, adapt, and evolve is key to thriving in the dynamic and ever-evolving landscape of business.
Thursday, 14 December 2023
VIDEO RESUME
Monday, 4 December 2023
MY PASSION
Today my blog I will share about you guys about my work experience as a student. My passion is to become a businesswoman so I will talk about a journey.
My work journey started when I was 15 years old. In secondary school, I worked at Aeon Bandaraya Melaka Boutique. Working at a clothes boutique can provide a range of valuable experiences and opportunities for learning.
The skills that I have learned with that experience its customer service and communication skills. Communication skills are important because building and maintaining strong client relationships is essential for business success. Effective communication helps understand client needs, address concerns, and deliver products or services that meet or exceed expectations. Example, Greet Customers Warmly: Upon entering the boutique, greet customers with a friendly and welcoming demeanor. A simple, "Hello! Welcome to Our shop," can set a positive tone
Other than that, responsibility. Ethical responsibility contributes to a positive corporate image and helps build trust with customers and other stakeholders. Lastly, sales and marketing skills. Without sales, a business cannot generate the revenue needed to sustain operations, invest in growth, or achieve profitability . Such as Possessing a deep understanding of the boutique's inventory. Provide detailed information about different products, including materials, sizes, and styling options. This knowledge helps in making personalized recommendations. Overall, working at a clothes boutique provides a dynamic environment where you can develop a diverse set of skills that are applicable across various industries, including retail, customer service, and sales
It's important to note that passion for work is subjective and varies from person to person. While some find passion in their careers, others may view work as a means to support other aspects of their lives. Additionally, external factors such as company culture, leadership , and work-life balance can significantly influence an individual's passion for their work.
Blogger Gary Vee
Today I am writing a blog about the best blog that really inspired me that was Gary Vee. Gary Vaynerchuk known affectionately as Gary V...
