Business and Money Tips

Following yesterday's blog on  7 Shocking Truths , people asked me if I could elaborate further from there.  If you were, like my friend, read all the management and business books out there, you will get nothing but confusion.  That's why I like to once and for all cement the following truths: 1.  Suppliers Are More Important than Customers We often said that customers is king, but if you do not have the right type of goods and services to sell, you have no business to sell to that king!  Unfortunately, most schools do not teach people how to treat suppliers well.  There are 3 things that every supplier look for: fast payment, business referrals and advance order informatio n.  Do not give your suppliers nasty surprises, or treat them like a beggar.  Give them the respect that they deserve: fast payment. 2. Employees Want to Do More than What You Told Them It's shocking to hear this: many employees don't mind to do more than what they were told as long as they

Through discussions with people in my How to Be a Better Manager courses , I realized that many people, despite working for over 3 decades, have grossly mis-understood the 7 common concepts in management.  As a result of this wrong view, they do things the wrong way and wondered why they have lousy results.  Now you have the chance to know these 7 truths and not be thrown around.  The 7 most common mis-understood concepts are: 1.   Teamwork Many people thought that if the staff get along well with little conflicts, teamwork is good.  Some people even think that if they go for offsite teambuilding training, teamwork will be improved automatically. There are even those who think that as long as there is harmony, teamwork is excellent. Nothing can be further from the truth. Teamwork is defined as nothing but Together Everyone Achieve More, with Achievement as the main criteria .  So if the team get along well but the performance is mediocre, there is simply no teamwork!  On the oth