Business and Money Tips

I dare to claim that a healthy cash flow is even more important than your business's ability to deliver its goods or services! That may be placing a bit too much importance on your cash flow, but consider this: if you fail to satisfy a customer and lose that customer's business, you can always work harder to please the next customer. But if you fail to have enough cash to pay your suppliers, creditors, or your employees, you will be out of business!   A healthy cash flow is an essential part of any successful business.  It is just like blood flow in your human body.  We know that if your blood is not flowing smoothly in your body, you will suffer stroke and eventually die.  Same as business.  If cash is not flowing smoothly in your business, your business will be stuck and eventually fail. No doubt about it, proper management of your cash flow is a very important step in making your business successful. So understanding cash flow is the first step in...

In Bangkok Thailand Feb 2012 training 24 managers of a MNC Successful managers use a very effective management tactic that wins people over easily. This tactic is actually a process that manages people without managing .   This is because a good manager never managers anyone, he simply  creates the conditions for people to manage themselves.     Transformational Leadership (TL) is the latest buzzword in management.   This is how works: You find out what are the goals of people You share with them the goals of your organization You link how achieving the organization's goals will achieve their individual's goals You show them the step-by-step pathways to achieving the 2 goals, plus you offer assistance and coaching.   You see, when you do the above, you are not telling people that they must achieve your organization's goals.  You're  helping your people to achieve their own goals.   Asking questions helps you to find out w...