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Mike Smith

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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Mike Smith
Mike SmithKnowledge Seeker
Asked: September 13, 2023In: Money & Business

How can I improve my time management skills as a business owner?

Time is a crucial asset that each and every one of us have and in as much as we are able to do anything we like with overtime it is therefore important that we only give time to things that ...Read more

Time is a crucial asset that each and every one of us have and in as much as we are able to do anything we like with overtime it is therefore important that we only give time to things that benefit us either financially or futuristically. In this next time is a crucial asset and a business manager should never waste time. In what ways do you guys advise that I improve in my time management skills as a business owner?

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businesstimes management
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  1. Genevie
    Genevie Active Contributor Be the Key!
    Added an answer on September 13, 2023 at 8:47 pm

    Inorder to effectively improve your time management skills look into organizing your tasks each day it helps in completing work on time, prioritize your projects and communicate your progress to your supervisors. Think about what needs to be done and prioritize the most critical tasks. Refrain fromRead more

    Inorder to effectively improve your time management skills look into organizing your tasks each day it helps in completing work on time, prioritize your projects and communicate your progress to your supervisors. Think about what needs to be done and prioritize the most critical tasks. Refrain from creating to-do list of all tasks to be done. Also Prepare Ahead of Time … Preparation is another key to efficient time management. Industry giants like Bezos, Gates, and Musk live according to tight schedules.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 13, 2023In: Money & Business

Is developing business managerial skills hard?

Establishing business managerial skills is important so that an individual can be able to manage a business down to successfulness and prosperity. But a lot of people believe that this is very hard to accomplish but I believe that with ...Read more

Establishing business managerial skills is important so that an individual can be able to manage a business down to successfulness and prosperity. But a lot of people believe that this is very hard to accomplish but I believe that with the requisite education and strategy and individual who intend establishing business can adopt for him or herself good managerial skills.

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businessbusiness management
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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 30, 2024 at 6:40 am

    No, it depends on the individual, the easiest way to actually get started is if you have time to go back to school and get a MBA, you'll be taught all you need to know about business. Or if you don't have the opportunity you should start by reading books, go on Google and type in management books anRead more

    No, it depends on the individual, the easiest way to actually get started is if you have time to go back to school and get a MBA, you’ll be taught all you need to know about business.

    Or if you don’t have the opportunity you should start by reading books, go on Google and type in management books and pick up the best five to read, you can also hire a business coach to help you out in making business decisions.

     

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 13, 2023In: Money & Business

In what ways can I encourage teamwork in my business?

Teamwork is absolutely important and necessary in the existence of a business because it helps employees and workers to come together and give in their thoughts and ideas on certain matters that affect the business and concerned the business growth. ...Read more

Teamwork is absolutely important and necessary in the existence of a business because it helps employees and workers to come together and give in their thoughts and ideas on certain matters that affect the business and concerned the business growth. I believe that all this is basically to achieve organisational goals and objectives, however how can this be encouraged?

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business managementbusiness teamwork
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  1. Inem
    Inem Knowledge Seeker
    Added an answer on July 23, 2024 at 12:45 am

    You have to create an atmosphere that would allow for teamwork to thrive in your business place. You start that by being friendly with your staff. You show care to them genuinely. Let them see you as a common focal point of loyalty. With that, they would be able to work as a team. Secondly, you haveRead more

    You have to create an atmosphere that would allow for teamwork to thrive in your business place. You start that by being friendly with your staff. You show care to them genuinely. Let them see you as a common focal point of loyalty. With that, they would be able to work as a team. Secondly, you have to delegate work to the team as a group. Make sure that you don’t create an impression that some people are superstars, even if they are. It has a dangerous effect on teamwork.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 13, 2023In: Money & Business

How qualified should I be before establishing a business?

Qualification is absolutely an important Factor when it comes to business management but the problem is that I do not know how qualified should I be so as to know that I am capable and able to manage any kind ...Read more

Qualification is absolutely an important Factor when it comes to business management but the problem is that I do not know how qualified should I be so as to know that I am capable and able to manage any kind of business I have in mind to establish?

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business establishmentbusiness management
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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on September 1, 2025 at 6:33 am

    You don’t need to have a fancy degree to start a business, but you should know what you’re doing. Being qualified means you understand how the business works how to handle money, deal with customers, solve problems, and keep things running. You can learn a lot from real-life experience, online videoRead more

    You don’t need to have a fancy degree to start a business, but you should know what you’re doing. Being qualified means you understand how the business works how to handle money, deal with customers, solve problems, and keep things running. You can learn a lot from real-life experience, online videos, books, or even talking to people who’ve done it. The truth is, no one ever feels fully ready. What matters is that you’re willing to learn, make mistakes, and keep going. Start small, grow your knowledge, and improve as you build.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 6, 2023In: Money & Business

Should I work in a small business or large business corporation?

An individual male more likely choose to work or seek for a job in a large business corporation done in a small business Enterprise or corporation. But in my only you and perspective I believe that an individual must choose ...Read more

An individual male more likely choose to work or seek for a job in a large business corporation done in a small business Enterprise or corporation. But in my only you and perspective I believe that an individual must choose a business Enterprise that gives him or her the ability to grow and develop, that is to earn promotions and enjoy other good business in kinds and privileges like salary increase, and assets gifting. What are you guys thought on this?

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career opportunitiesearning a living
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  1. spencer
    spencer Enlightened Mentor
    Added an answer on June 11, 2024 at 3:07 pm

    This largetly depends on your goals, if you want to start a business in the nearest future, working in a small business is going to help you tremendously, because you're close to the businesses and you see how they work in real time. If you want to grow in your career that is grow in the corporate wRead more

    This largetly depends on your goals, if you want to start a business in the nearest future, working in a small business is going to help you tremendously, because you’re close to the businesses and you see how they work in real time.

    If you want to grow in your career that is grow in the corporate world then you should definitely work in large business, it will equip you with necessary skills to go up the ladder in the corporation.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 6, 2023In: Money & Business

How would you advise an individual aspiring to own business?

Day after day, individuals are coming up with good and reputable business ideas and opportunities were there of establishment. However it is one thing for an individual to come up with a good business idea, and another thing for him ...Read more

Day after day, individuals are coming up with good and reputable business ideas and opportunities were there of establishment. However it is one thing for an individual to come up with a good business idea, and another thing for him or her to successfully established it. Establishing a business requires more work than even coming up with the business idea. However to successfully establish business and individual would need advice and very good discernment to efficiently do so. What advice would you guys give to someone aspiring or intending to own a business today or someday?

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business advicebusiness establishment
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 24, 2026 at 12:39 am

    That they should first look inward and find out if they are ready to take risks. Because running a business effectively needs risk takers and those that can be consistent with doing s thing over and over again. Would advised them to do a thorough research about their businesses idea before jumping tRead more

    That they should first look inward and find out if they are ready to take risks. Because running a business effectively needs risk takers and those that can be consistent with doing s thing over and over again.

    Would advised them to do a thorough research about their businesses idea before jumping to start. They nedd to be mentored as well. So they should choose their mentors wisely.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 6, 2023In: Money & Business

Is managing a family bus. like managing any other business?

Sometimes I do wonder whether managing a family business involves a whole lot that managing a personal business. Also I sometimes believe that managing a family business may put one in pressure to make decisions irrationally. Being a successor to ...Read more

Sometimes I do wonder whether managing a family business involves a whole lot that managing a personal business. Also I sometimes believe that managing a family business may put one in pressure to make decisions irrationally. Being a successor to a family business might involve a whole lot, since you do not want to fall the hands or disappoint your family members who are looking up to you. Anyways what do you guys think?

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business managementfamily business
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  1. Mika
    Mika Expert Mind
    Added an answer on September 6, 2023 at 8:25 am

    I don't think managing a family is similar to managing a business. When you are managing a business, profit is all you desire. However, when you are managing your family, you don't care for profits. When you pay for kid's school fee, do you expect a return, when you pay for your spouse's medical bilRead more

    I don’t think managing a family is similar to managing a business. When you are managing a business, profit is all you desire. However, when you are managing your family, you don’t care for profits. When you pay for kid’s school fee, do you expect a return, when you pay for your spouse’s medical bills, do you pay because you will be receiving “a return on investment? ” managing a family is all about love and responsibility.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 6, 2023In: Money & Business

Ethics or results, which should I be more into when investing?

Obviously an individual should be concerned about the result of his or her investment and also be concerned about what it takes for him or her to make good investments. Personally I believe an individual should not be more concerned ...Read more

Obviously an individual should be concerned about the result of his or her investment and also be concerned about what it takes for him or her to make good investments. Personally I believe an individual should not be more concerned about the other then the letter, anyways what do you guys think is the answer to this question?

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investment ethicsinvestment opportunities
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  1. yusra
    yusra Trusted Adviser
    Added an answer on September 19, 2023 at 3:17 am

    When investing, both ethics and results deserve consideration, but ultimately I would recommend focusing more on ethics for these reasons: - It aligns with your values - If you compromise your ethics just for financial gain, it can negatively impact your self-image and principles. - It promotes posiRead more

    When investing, both ethics and results deserve consideration, but ultimately I would recommend focusing more on ethics for these reasons:

    – It aligns with your values – If you compromise your ethics just for financial gain, it can negatively impact your self-image and principles.

    – It promotes positive change – Investing ethically encourages more responsible business practices that can benefit society and the environment.

    – It maintains your reputation – Getting exposed for unethical investing could severely damage your reputation and relationships.

    – It feels morally right – Sticking to principles of ethical investing simply feels better internally and improves your peace of mind.

    – It sets a good example – Investing ethically models that behavior for peers, children and others who look up to you.

    – It can still be profitable – Companies with ethical practices can still be financially successful investments in many cases. You may sacrifice some returns but not necessarily.

    – Regulations are increasing – Regulators are increasingly punishing unethical behavior that could introduce more risk.

    While you may need to pass up certain opportunities, investing ethically and responsibly aligns with your values, promotes positive change, protects your reputation, and still allows building wealth. Some financial gain just isn’t worth moral compromise.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 6, 2023In: Money & Business

How widely spread is the activity of making money online?

For sure the activity of making money online is widely spread but being able to know exactly how widely spread it is, is basically what I do not know, many individuals are into the online activity of making money due ...Read more

For sure the activity of making money online is widely spread but being able to know exactly how widely spread it is, is basically what I do not know, many individuals are into the online activity of making money due to so many factors that offline money making activities and investments cannot give them. How would you guys answer this question?

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making money onlinemoney tips
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  1. Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 6, 2023 at 10:50 am

    The activity of making money online is incredibly widespread and continuously growing. The convenient access to the internet has enabled people from all over the world to engage in online money-making opportunities. Countless individuals, ranging from freelancers, entrepreneurs, content creators, anRead more

    The activity of making money online is incredibly widespread and continuously growing. The convenient access to the internet has enabled people from all over the world to engage in online money-making opportunities. Countless individuals, ranging from freelancers, entrepreneurs, content creators, and online businesses, actively seek ways to generate income online. With the increasing popularity of remote work and the rise of digital platforms, making money online has become a viable and accessible option for people across various industries and professions.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: September 6, 2023In: Money & Business

Is education an investment in oneself?

A lot of individuals believe that education is an investment, personally I do not doubt this fact because education is an investment in oneself and getting requisite training on any kind of skill can also be considered as education. Education ...Read more

A lot of individuals believe that education is an investment, personally I do not doubt this fact because education is an investment in oneself and getting requisite training on any kind of skill can also be considered as education. Education is a better way an individual sharpens his or her skill in any area of Life he or she is possibly interested in. Through education and individual becomes responsible and knows how to manage his or her wealth as well as seek for wealth. Anyways how would you guys answer this question?

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education investmentsinvestment opportunity
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  1. De Mogul
    De Mogul Expert Mind A student
    Added an answer on August 8, 2025 at 10:57 am

    There's a reason why they say that Education is power. When you do not invest in yourself by going to the school you will likely regret it at the end of the day when you don't have anything to offer to the society. Now when we say education we don't mean the formal form of education. You can learn aRead more

    There’s a reason why they say that Education is power.

    When you do not invest in yourself by going to the school you will likely regret it at the end of the day when you don’t have anything to offer to the society.
    Now when we say education we don’t mean the formal form of education.
    You can learn a skill to an that itself is another form of education.

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