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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

An individual skill set an ability to manage business is obviously made better through experience. That is why it is said that not just any kind of individual can be established business because business does not only involved capital alone ...Read more

An individual skill set an ability to manage business is obviously made better through experience. That is why it is said that not just any kind of individual can be established business because business does not only involved capital alone but goes ahead to involve an individual’s actual capability as well as mental and resourceful ability to manage and operate a business thereby, paving the way in which business can be successful and prosperous through careful relationship with both external and internal factors that affect business. Anyways what do you guys think?

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businessbusiness experience
  1. Carpon
    Carpon Expert Mind Hustler

    Getting experience is very important and you will notice that some companies always tend to ask you about your past work experience and they do so because they know the importance of experience. Somebody with experience is somebody that has done something similar before and that means he or she hasRead more

    Getting experience is very important and you will notice that some companies always tend to ask you about your past work experience and they do so because they know the importance of experience.

    Somebody with experience is somebody that has done something similar before and that means he or she has an idea of what is expected. This makes it easier for that person to adapt into that job and deliver. Companies don’t want to start training you again, they want somebody that will come and start delivering

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

An individual who was a job owner will have to retire someday, and having to retire from his or her job does not mean the starting of his financial instability, an individual during retirement must also remain financially stable just ...Read more

An individual who was a job owner will have to retire someday, and having to retire from his or her job does not mean the starting of his financial instability, an individual during retirement must also remain financially stable just as he was when he was a job owner. It is therefore expected and necessary for an individual to plan financially for retirement. What are your plans towards retirement?

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financial stability and retirementretirement planning
  1. Ramolak19
    Ramolak19 Knowledge Seeker

    I will adhere to a financial stability plan after retirement to guarantee a comfortable future. This entails balancing my budget, paying down debt, increasing my retirement savings, and diversifying my investments. I'll also look into potential passive income streams and think about reducing my liviRead more

    I will adhere to a financial stability plan after retirement to guarantee a comfortable future. This entails balancing my budget, paying down debt, increasing my retirement savings, and diversifying my investments. I’ll also look into potential passive income streams and think about reducing my living expenses. I want to retain financial security and take pleasure in a worry-free retirement by being proactive and obedient.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 17, 2023In:

I live in Nigeria and over here there are so many small-scale business is established here and there carrying out the various activities so as to satisfy the needs and wants of Man. What about in your own country?

I live in Nigeria and over here there are so many small-scale business is established here and there carrying out the various activities so as to satisfy the needs and wants of Man. What about in your own country?

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business establishmentsmall businesses
Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

Many individual try your best to attend financial stability nowadays, and as a result of this they have invested huge amount of money so as to always stay financially afloat and stable, on the other hand economic instability challenges and ...Read more

Many individual try your best to attend financial stability nowadays, and as a result of this they have invested huge amount of money so as to always stay financially afloat and stable, on the other hand economic instability challenges and issues like inflation and recession can’t stand the chance to affect an individual’s ability to remain financially stable. In what ways do you guys think?

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economic crisis and financefinancial stability
  1. Light
    Light Trusted Adviser

    Yes, a financial crisis can have a serious influence on your capacity to manage your money. Your finances may be strained by occurrences like job loss, economic downturns, or unanticipated bills, which could result in debt, depleted savings, or foreclosure. The impacts of a financial crisis can be lRead more

    Yes, a financial crisis can have a serious influence on your capacity to manage your money. Your finances may be strained by occurrences like job loss, economic downturns, or unanticipated bills, which could result in debt, depleted savings, or foreclosure. The impacts of a financial crisis can be lessened and a stronger overall financial position can be maintained by keeping an emergency fund, diversifying investments, and adopting good financial practices.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

Most business corporation is an organisation have made interviews with job applicants and jobseekers a compulsory motive, but job interviews are meant to determine how capable and intellectual the job applicants or job seekers are for a particular job opportunity ...Read more

Most business corporation is an organisation have made interviews with job applicants and jobseekers a compulsory motive, but job interviews are meant to determine how capable and intellectual the job applicants or job seekers are for a particular job opportunity or slots available in the organisation company. I keep wondering, why some job interviews are not successful and what exactly should the employer or interviewer be looking for out of the jobseekers?

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business workersemployees recruitment
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    When looking for employees to hire, what you should look into should not be quantity but quality. Most people just tend to hire anyone as much as they can. I know of a business owner who hire young kids who came to learn work. His logic is that since they are young and learning he would use them toRead more

    When looking for employees to hire, what you should look into should not be quantity but quality. Most people just tend to hire anyone as much as they can. I know of a business owner who hire young kids who came to learn work. His logic is that since they are young and learning he would use them to work without having to pay them, then when the time comes to pay them, he can pay them little. He has many of them but the business is not moving forward. Having one or two quality workers who are experienced and skilled is way better than having five or six workers that are not experienced.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

Many business corporations and organization’s, before recruiting employees and workers will always carry out what is known as an interview, which is basically a professional interaction with a job applicants, thereby trying to know his or her field of specification ...Read more

Many business corporations and organization’s, before recruiting employees and workers will always carry out what is known as an interview, which is basically a professional interaction with a job applicants, thereby trying to know his or her field of specification and testing his or her intellectuality and intelligence in a particular job opportunity available in the company to see whether he or she is fit or not fit. I keep wondering, why do business organisations even conduct interview?

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business interviewemployees recruitment
  1. Inem
    Inem Knowledge Seeker

    Job interviews are tests of a potential employee's communication ability and aptitude about the job role in question. Most job interviews also have a practical aspect where a job candidate is exposed firsthand to see if they are competent enough to handle it. Job interviews are necessary because itRead more

    Job interviews are tests of a potential employee’s communication ability and aptitude about the job role in question. Most job interviews also have a practical aspect where a job candidate is exposed firsthand to see if they are competent enough to handle it.

    Job interviews are necessary because it helps an organization to know if the person is the right fit for the job so that they can choose to hire or let go. Salaries, and other conditions of work are also discussed in job interviews.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

It is nothing new that a business owner or business manager must have been negotiating skills, as that will be proved important when talking with customers as well as interacting with suppliers and investors. Personally, I believe that one of ...Read more

It is nothing new that a business owner or business manager must have been negotiating skills, as that will be proved important when talking with customers as well as interacting with suppliers and investors. Personally, I believe that one of the reasons why most negotiating practice by some business owners end badly, is because they only look for their interest only, rather than also including the interest of the other party. What do you guys think about this?

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bad business decisionsbusiness practice
  1. Avarose
    Avarose Enlightened Mentor

    One of the main reasons business negotiations fail is when people focus only on their own goals and ignore the other party’s needs. Other reasons include poor preparation, lack of clear communication, rushing decisions, or letting emotions take over. Successful negotiations usually come from understRead more

    One of the main reasons business negotiations fail is when people focus only on their own goals and ignore the other party’s needs. Other reasons include poor preparation, lack of clear communication, rushing decisions, or letting emotions take over. Successful negotiations usually come from understanding both sides, finding common ground, and building trust so everyone feels they’ve gained something.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

The skill of negotiation has proved to be one of the most important skill and entertainer for a common business owner must have. A lot of individuals find it hard to maintain positive and effective negotiating skills and as a ...Read more

The skill of negotiation has proved to be one of the most important skill and entertainer for a common business owner must have. A lot of individuals find it hard to maintain positive and effective negotiating skills and as a result of these they do not have good business judgement and informed decision with suppliers as well as with computers and other external micro factors affecting their business, what do you think is the best way an individual can develop good negotiation skills?

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business and negotiationbusiness practices
  1. spencer
    spencer Enlightened Mentor

    Whoever needs the other the least has the most power, this is the Hallmark of every negotiation, no matter how confident, salesy you are if you need the other person across, then it's going to be hard for you to negotiate. When things don't go according to your plan, learn to walk away, do not be deRead more

    Whoever needs the other the least has the most power, this is the Hallmark of every negotiation, no matter how confident, salesy you are if you need the other person across, then it’s going to be hard for you to negotiate.

    When things don’t go according to your plan, learn to walk away, do not be desperate to make a deal happen, that’s how you make deals, everthing else is just hogwash, this is all you need to kill it in negotiation.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

Many people keep saying these statements, although I understand that not every day in business is regarded as a profit-making situation, because most occuring situations in the business environment could be as if an individual is at war, for example ...Read more

Many people keep saying these statements, although I understand that not every day in business is regarded as a profit-making situation, because most occuring situations in the business environment could be as if an individual is at war, for example competitors may emanate from nowhere, to also sell and render goods and services already selling and rendered by an existing business. Anyways what are you guys have to add?

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businessbusiness activities
  1. Avarose
    Avarose Enlightened Mentor

    I’d say that statement is partly true. Business can feel like war when competition gets tough, problems show up suddenly, or you’re fighting to keep things running. At the same time, it can be fun because you’re building something, solving challenges, and seeing your ideas come to life. In my view,Read more

    I’d say that statement is partly true. Business can feel like war when competition gets tough, problems show up suddenly, or you’re fighting to keep things running. At the same time, it can be fun because you’re building something, solving challenges, and seeing your ideas come to life. In my view, the mix of pressure and excitement is what makes business interesting some days you’re battling obstacles, and other days you’re enjoying the wins. The key is learning to handle both sides without burning out.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 16, 2023In:

I am looking forward to establish a business someday and of course I want my business to be successful and stand a chance to become prosperous as I carry out daily business activities and operations. I believe majority of potential ...Read more

I am looking forward to establish a business someday and of course I want my business to be successful and stand a chance to become prosperous as I carry out daily business activities and operations. I believe majority of potential investors are also asking questions like this, moreover, how would you guys help me in this regard?

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business prosperitybusiness successfulness
  1. raaman
    raaman Expert Mind A blogger and a writer interested in learning.

    To start and run a business successfully, focus on a value proposition, do market research, business plan, flexibility, customer-centric approach, marketing strategies, financial management, and adjust to changes. Embrace innovation, prioritize customer satisfaction, make a strong team, and a visionRead more

    To start and run a business successfully, focus on a value proposition, do market research, business plan, flexibility, customer-centric approach, marketing strategies, financial management, and adjust to changes. Embrace innovation, prioritize customer satisfaction, make a strong team, and a vision. Stay persistent, and evolve with the market.

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