Stock Tips For New Investors

BSE is the Bombay Stock Exchange which was set up in 1875 as ‘The Native Share and Stock Brokers’ Association. It is the principal stock trade to be built up in Asia and is one the biggest trade bunches in India. It positions at the tenth position among the biggest stock trades on the planet. The Bombay Stock Exchange has turned out to be an effective stage for raising capital for the corporate and mechanical part in India.

The BSE is a demutualised and corporatized substance and has a vast base of investors which incorporates the Deutsche Bourse and the Singapore trade. These are two of the main stock trades of the world and are vital accomplices of the BSE. The market for exchanging gave by BSE is exceptionally effective and straightforward. It enables individuals to exchange obligation instruments, value, shared assets, subsidiaries and so forth. It likewise empowers individuals to exchange the values of little and medium measured associations. The BSE is the world’s main stock trade as far as the quantity of recorded organizations which remains at 5000. These organizations have made the BSE the fifth most dynamic trade on the planet with regards to exchanges took care of with the assistance of electronic exchanging framework. It is additionally the third biggest trade on the planet with regards to record options trading.

The BSE likewise gives countless administrations to the general population who take part in the capital market, such as clearing, settlement, hazard administration, instruction and market information administrations. The BSE has taken unique care to make its frameworks protected and secure. Actually it is the primary trade in the nation and second on the planet to get a confirmation from Information Security Management System Standard.

With its 5000 recorded organizations share merchants get a wide selection of stocks and offers to pick from. The organizations recorded on the BSE go from vast national and multinational enterprises to little and medium scale elements. This implies a member in the capital market can exchange with any measure of cash. Regardless of whether he or she doesn’t have an expansive venture capacity, he or she will have the capacity to profit by the BSE. In the meantime stock traders will get an unmistakable thought regarding the stocks they are trading from the patterns distributed by the BSE consistently in driving daily papers and magazines. Individuals can likewise profit by the extra administrations gave by the BSE. Again exchanging on the Bombay Stock Exchange is extremely wise since this stock trade is considered as extraordinary compared to other with regards to shielding the market uprightness. Another advantage of exchanging on the Bombay stock Exchange is that you will drive the national development which will by implication advantage you as well as all natives of the nation.

The organization trusts in giving the best tips to the general population who wish to exchange stocks and offers on the Bombay Stock Exchange. Despite the fact that you remain to pick up a considerable measure from the share trading system while exchanging on the BSE, yet this market is additionally exceptionally unstable. It isn’t a smart thought to depend excessively on fortunes or plain gut impulse. You have to settle on taught decisions and exchange the offers such that will give you most extreme advantage and benefit.

Diversity Is A Good Business Strategy

You can make a strong case for doing so for either of these reasons. But there’s another, equally important reason: it makes good business sense.

In fact, there are many different types of diversity: cultural, racial, gender, and language, to name just a few. This month, we’ll talk about another kind you may not have considered: educational diversity – targeting and communicating with your customers not on the basis of any of the commonly addressed factors, but instead based on the type and level of their education.

Your customers may have done postdoctoral work in a very specific discipline of chemistry, or may not have even finished high school. They may have taken specialized technical training, or done research in the Australian Outback.

And of course, formal education is not always an accurate indicator of intelligence. We all know people who were straight-A students in school but have no commonsense whatsoever. We also know people who can’t comprehend physics, but are able to play the piano by ear without any formal training. And still others who may not be artistically inclined but may be extremely articulate. Your customers may exhibit a fairly broad spectrum of intelligence with areas of both strengths and weaknesses.

You can make a serious mistake by underestimating or overestimating the level and type of your customers’ intelligence. For example, placing an ad for artist supplies using long-winded, verbose copy would probably not connect well with that audience. Neither would describe the applicable principles of electrical engineering when describing the features of a circuit breaker in an electrical supply catalog.

I remember a call I made to Microsoft technical support sev­eral years back to ask a question about a fairly complicated graph I was trying to create. I listened in amazement as the technical sup­port representative gradually began to explain what I needed to do in increasingly higher and higher lev­els of technical complexity. It was as if she was recognizing without actually asking that I was technically competent (my undergraduate degree is in computer science) and that I was able to grasp what she was explaining.

This made the call go much more smoothly because she didn’t have to explain what to do in “baby-step” terms: “Now do you see the menu item called ‘File’? Move the mouse to that word and press the left button. Great!” She was able to successfully complete the call much more quickly, and I didn’t feel like she was being condescending as I frequently do on calls like this.

This is why it’s important to train your marketing staff to rec­ognize a target market’s level of ex­pertise and adjust their interaction with that market to reflect this.

If you take the time to understand your customers – to identify their unique attributes and tailor your products and services to these characteristics – you will be far ahead of your competitors who take a “one-size-fits-all” approach.

Get Focused, Get Results

If you wear corrective lenses of any kind and go for your annual vision check, you know what it is like when your new prescription is applied. You see more clearly with greater focus. Suddenly your mind doesn’t have to think about focusing, things already are without “working” at it.

It is crystal clear to me that we all know how important focus (of all kinds) is, but many of us aren’t very good at it. (As a side note, I write this article because focus is something that I continually work on getting better at; it is my hope that the things I will share from my journey, will help you too.)

This article will target three specific areas with specifics suggestions for practicing improved focus: planning, questioning and removing.

Planning

Daily planning is critical. Many people have a “to-do” list, and while having one will help you be more focused than not having one, most people don’t use them to their maximum benefit. Too often the list degenerates into a list of the crises that MUST be handled today – or as Dr. Stephen Covey says in his work, the urgent, but not necessarily important things. The other problem with many people’s lists is that they are way too long (too often, mine included).

Here are three things to do to improve your daily planning for greater focus:

  • Align your daily work with your goals. The most important thing you can do to increase your focus is to have goals. If your goals are clear (which includes having them written down) it is much easier to re-focus your efforts towards them. Goals provide a compass for your efforts. Make sure your list for the day includes items specifically related to your goals.
  • Do your daily planning before the day begins. Many suggest it is best to do this the evening before because it allows your subconscious to “work on” your list as you sleep. If not then, do it at the close of the previous day or at the very start of your morning.
  • Prioritize the list. If you have the long list syndrome, identify the 5 things that are most important to be completed that day. Make sure that at least one of those things is in service of your most important goals, not just putting out the urgent fires you are facing.

Questioning

There are some questions you can ask yourself throughout the day to help you stay focused. They include:

  • Is what I am doing now focused on my most important objectives? If the answer is yes, great! If the answer is no, time to re-focus.
  • How is my energy level? If you feel it waning a bit, take a five minute walk, a ten minute power nap or eat a smart snack of almonds or some other energy food.
  • What is distracting me now? If something is, determine how to quickly handle it, or remove that distraction. Which leads to my third set of ideas …

Removing

Distractions are everywhere. The TV, a cluttered desk, the “ding” of a new email being delivered, more advertising in more places, cell phones and pagers… I could go on, but you are already thinking of the distractions in your life.

Turn off the TV. Clean your desk. Turn down the volume or turn off the ding. Have someone answer your phone while you work on that project. Screen your calls.

You get the idea.

Make a list of the 5-7 top things that distract you (at work or at home – wherever you are trying to increase your focus). That’s right make the list right now.

Then identify what you can do to remove, eliminate or defer the distraction when you most want to be focused.

Write Good Business Letters

Everybody regardless of level of education or whatever measure of success now adopts the Short Message Services (SMS) system with the principle of short is good. People now adopt all sorts of colloquial languages and shorthands that are not standards in SMS and other writings. Unfortunately, most of these creep into peoples’ sub-conscious, vocabulary and lexicons even when they are not standards. This has made formal and business letter writing more complicated and difficult for many. One is surprised and overwhelmed at enormity of businesses that have been implicated and indicted due to poor letter writing skills.

Below are how to write good business letters and enhance your business chances of survival:

  • Pick your language carefully and consciously. You must know that this is a business letter and not informal letters like text messages or SMS where you write slang and shorthands. You must use standard business English or whatever acceptable language is.
  • Organize your thoughts mentally and put them down in jottings on papers before you develop them into points. This will enable your points to be put together logically in more acceptable and formal forms.
  • Make sure you proof-read whatever you have written. You must read it over and over again. You will be surprised at how many common mistakes you have made in the first instance and you can correct these in the course of proof-reading.
  • Get a neutral person to read the letter for consistency before you send it to the business destination. The person can look at the grammar, language and content among other things to be sure the letter is well written and is not dangerous to the business.

Pick The Right Franchise

The first element is obviously YOU. Your personality and skills are vital to the success of any endeavor you undertake. Your strengths and weaknesses can help you to succeed or assist you to fail.

So where do you start? Firstly it is very important that you have a good hard honest chat with yourself.

One idea I like is to sit down and start writing down your likes and dislikes. Think about all the jobs you have had in the past and think about the elements of that job you liked and the elements you disliked and write them on a piece of paper in 2 columns.

Then write down your strengths and weaknesses. It is very important that you are very honest with yourself here. Strengths are things that you enjoy, things that you are good at, and things that you think you can get better at with the proper training.

Weaknesses are the things that you hate doing, things that you will always procrastinate with. These are things that you absolutely don’t enjoy and won’t or can’t master.

Now that you have this list, keep it somewhere. Show your partner or a family member or close friend. See if they can think of any others. This will be fun….lets see what they really think of you! Just kidding, getting external help can help you clarify and quantify your strengths and weaknesses better.

Once you have this list. Save it somewhere.

A business will often fail because the person at the helm is not inspired by it. You have all had the experience of walking into a store where the person serving you just does not want to be there, their mind is elsewhere and you can sense you are not welcome.

Have you gone back to that shop, or asked for the same sales person? If you are like me and most other consumers out there the answer is “probably not”.

This problem is magnified a 1000 times when the owner or boss does not want to be there. This attitude trickles down to the staff and their level of service. It also affects the overall atmosphere of the business and people will go elsewhere.

Don’t make the mistake of thinking that you will just hire someone to do the things you hate. When any franchise or business first starts up, you need to do everything yourself and you need to do it well. Money is tight and you are the central person in this enterprise. You must lead by example.

You need to work hard in the business, no matter what it is. You have to wake up every morning inspired by what you are doing. You have to be positive to your staff and inspire them. If you can do this you are well on your way to business success. So start with this step and it will help you to find out what makes you tick so that you can get the best possible chance of success.

Start with yourself first. Try not to change your personality to suit the business. It is easy to get caught up in the excitement of going into a business without stopping to see if this business really suits you. This part is the key to the long term viability of your business.

When most people decide to run their own business one of the major driving thoughts is that this will lead you to being rich. The reality is, you cannot expect a business that costs you $20,000 to give you $200,000 a year return. That is why it is very important to understand what type of return you need to make to sustain your current lifestyle.

Break down your current spending and be realistic about what you need now and what you will need in the near future. How much will sending kids to high school cost, buying a new car every 4 years, and the big one, what if interest rates go up again and have I got enough fat to wear that?

I am not saying this to put you off but you need to think about this stuff very carefully. A good place to start is to have a chat with your accountant. They will have an idea of your current expenditure and be able to do an annual budget and forecast for you. This will be an invaluable tool. With this you can see what you need to return. Then when you do your own business plan on the prospective franchise you are going to buy, you can see if the figures all stack up. Once again, I would do this before you start looking. That way you won’t get caught up in the moment and the concept and you can be realistic about your current situation.

Benefits of Surveys

Cost

Something which many would know, surveys are cost-free/cost effective depending exactly on the method which is being used by you. Google enables one to create forms free of cost and even an existing website of the company product can have the survey displaced. Some companies also wish to provide incentives to the people who respond to these surveys. Hence for these very reasons, one always has a choice between getting a survey done for free or to keep a budget for it. In person surveys are also easier as many retailer outlets have representatives for specific products who can survey customers there and then. Online surveys can also have a cost per response but these costs are very minimal and there are several options to choose from and compare before making the final decision to what online form should be used or which offline method is best suitable and in budget.

Extensive

Surveys can be as extensive as one would want them to be. Ranging from all sorts of questions, services can reach out to as many respondents as one would want them to. No other form of market research can beat the extensiveness of surveys. They can cater to usefulness in a way which has the ability to describe the characteristics of a population in a very time-saving and cost-effective manner.

Analyse

As surveys are the most common method for research, there are hundreds and thousands of tools available, both online and offline, to assess and analyse the findings of the surveys. There are entire programs and systems which analyze the results in the most smallest of details. In smart systems like a DSS, surveys can be an input to a number of findings and analyzing techniques which aid the very process of decision making. Import and export of data is very easy and is workable with all systems.

Participation

Surveys are a way through which organisations interact with their consumers/potential consumers. This interaction through surveys leads to a whole new dimension leads to participation of the customer/potential customer, to feel important to be taken into consideration for research purposes. Moreover it is also an easy way for participants of the survey to get any urgent feedback or opinion across.

Selectivity

The target audience is of crucial importance. Through surveys, one can select a particular target audience and create medium according to reaching them in the best possible way. This option to literally handpick the respondents is indeed one of the biggest benefits of using surveys.

Easy for Researchers

Surveys are indeed very easy for researchers to compile and read. Through the effective use of technology, surveys can be assessed and sorted in the most time-saving method in comparison to other means of primary research. Surveys are the most common method for research speaks volume about itself.

Faster

Surveys have proven to be fastest form of primary research in all ambits. Reaching out to the preferred audience has become no longer an obstacle rather a source of comfort thus leading to widespread use of surveys in all processes regarding data collection from stakeholders.

Accuracy

Due to the very reason that all information which is obtained through surveys is primary, the information which is gathered is very much reliable and accurate which makes it all the more valuable.

Business Consulting and the Small Market

“What can business consulting do,” you might ask? Sadly, most small businesses fail for what would seem the most obvious of reasons; poor marketing techniques, poor accessibility, and a simple game of not being able to keep up with the Jones’. Business consulting offers an outsider’s view and a professional critique; just as a good writer often relies upon the assistance of a skilled editor, the business consultant uses experience, taking a good idea and making it great.

Business consulting covers all aspects, from the ground up. Sure, you may have the starting capitol for your business, but what about location? What name have you chosen for your business? Surprisingly, something as simple as whether you call your store “Beth’s Flower Shop” or “Beth’s Blooms” can have a drastic effect on your business. Does the outside of your store draw people in and, once they are there, does it leave a lasting impression? How do you intend to compete with the larger markets?

Finding consultation is easy and will prove to be a wise investment, whether you choose to open a flower shop, a video rental, or start your own clothing line. Most people aren’t afraid to ask their friends, “What do you think?” and they expect an honest answer. Business consulting offers exactly what you look for; an honest opinion, helpful suggestions, and the strategy that will make your business a success.

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Reasons Why Business Is Not Profitable

Fear is that thing that stops us dead in our tracks from doing what needs to be done to grow and build a profitable business. In order to be profitable you have to put your big panties and drawls on and play the game the same way the big boys do, IF you want to have a sustainable business. Just scale the game to your size. Here are some other reasons why your business is not profitable.

No Budget

This by all means is my favorite way to generate profit. How does this generate profit you ask? Well simply put, it gives you a point of reference as something to work towards to achieve. It’s setting the flag in the ground for the finish line. See once you set this flag on the ground as to where you are trying to go, it forces you to look at how you are going to get there. Charting this path puts you smack in front of the costs that it will take to get you there which then helps you determine the amount of money you need to make to not only cover those costs but also to exceed those costs. It’s almost impossible to sit down and lists your costs and then only list the income to break even. You can’t do it. We are not wired that way. You will always want to exceed your costs. And exceeding costs equals profit. (cue cha-ching sound)

Not Managing the Number

Once you have established this budget you need to make sure that you people manager the numbers in it on a monthly, no less than quarterly basis. How are you performing compared to what you planned? Where are you exceeding costs or not meeting revenue goals? Managing the numbers allows you to take course corrections as needed to ensure that your budget or goal is met. I always say you have to know your numbers if you want to grow your numbers. And don’t just look at the numbers, analyze them in various different ways. Conduct ratio analyses to find out how liquid your assets are or how many days it takes to collect your receivables or how productive your staff really is by comparing the hours worked to the value of the finished product.

Not Prioritizing

Let’s face it, we all have 101 things to do daily. And it all seems urgent. But without prioritization, none of it will get done. Or worse the things that don’t really matter will get done first and the things that are urgent will fall to the waist side. Every day you should have a list of things that need to get done that day. And the first five things on the list should be the most urgent. Everything else can wait – even if you don’t get to it that day. The world will not end because you don’t write that blog or send that newsletter. Yes creating and sharing content is important, but if you have invoices that have not been sent out yet, THAT is more important. Because sending out invoices means you are doing activities that will increase your cash flow in the very near future.

Gain the Competitive Edge

  • How do you respond to competition? Sometimes it helps you, sometimes it doesn’t. When I first saw the women in front of me it was helpful. They gave me something to aim for, a goal. But then the healthy competition turned into a negative. I wondered what was wrong with me that I couldn’t catch up. In our businesses we look to experts. We watch what they do and try to emulate them. We do our best to match their steps with the intention of getting ahead. We also look to colleagues and others that are on the same level as us. Sometimes that competition helps us, other times we are left feeling frustrated or less than when others succeed and we don’t have the same experience as them. How do you respond to competition? How does looking up to them help you? What about the other people that are on the same path as you? Do your colleagues or other business owners on the same level as you help you keep going or do you look at them and then judge yourself. Do you ever find yourself saying, “How do they manage to do that? What is wrong with me?”
  • If you both continue doing the same thing nothing will change.In order for you to get ahead something needs to change. Either you need to change what you’re doing or the person that you are trying to catch up to needs to stop, slow down, change courses or make a mistake. The only reason I was able to catch up and eventually pass those two women was because I sped up a lot and they walked around the little nook with the chairs. I changed what I was doing and they changed courses, which slowed them down.
  • You have no control over them. I think this goes without saying, but if you really want to get ahead of someone you can’t rely on them slowing down and you can’t wait around until they finally make a mistake. You must rely on yourself and make decisions that move you ahead.
  • Just because you caught up, and even passed the competition doesn’t mean that you’ll stay ahead. You have to keep playing an improved game OR they have to slow down. It’s easy to fall back on your successes and think that now that you’re the front-runner that you’ll hold the spot. There is always someone who’s going to be coming up behind you.

Competition can definitely be a positive driver as long as you use it to help you and not as a vehicle to bring you down.

Being a business owner is about running your own race and doing it your way. Have a plan and execute it the way you want and at the pace you want to execute it. I could have easily caught up with those women if I started running, but that wasn’t part of the plan I created for myself, and it wouldn’t have made me happy. That was a decision I made. If they hadn’t walked around that cut out I doubt that I would have caught up with them and I am okay with that.

Build Brand Integrity

Most small companies stand squarely behind their product or service. Small companies across the globe are known for their service and their dedication to keeping their customer happy. Small business nearly always outshines big business when it comes to customer satisfaction. Small business makes it right.

How often does the CEO of BigCorp pickup the phone when we call in? How often does anybody in BigCorp’s telephone answering center even see the CEO? Most of them don’t even know her name, and probably live half a country–or half a world–away.

But you know small business is different. In a small business most employees can at least sight-recognize the owner. They’ve probably seen her with her kids or husband. They can call her by first name.

This familiarity grants the small business owner and the Chief Marketer an overlooked marketing advantage over BigCorp: you are much closer to your customer because you are much closer to your employees.

You already know it is vital to leverage this proximity to listen to your customer; to uncover her needs and wants (especially her wants), and then shift your merchandising and marketing to sell her what she wants. This is customer relations 101. But please don’t forget this same nearness to the customer also allows you to whisper in her ear–not sweet nothings, but rather a gentle reminder of what you stand for. A little suggestion that you are there for her, and if there’s any problem with what she’s just paid for you’re standing by to make it right.

But why bother telling her, anyway? Why can’t your excellent service speak for itself? Simple–your services or products don’t have a voice. Your customers speak for you; and it’s your job to supply them with the tools–the words–to use when they speak for you. Because as you are painfully well aware, it isn’t just BigCorp you are up against. You know you’re competing with those other small businesses in your market that have great service and integrity, too. They match you on price; they do their best to match you on service. Your best competitor is almost as good as you–probably backs her service as well as you. You must tell your customer the super job you are doing.

So, learn to separate yourself from the rest of the pack running in your market. Learn to whisper “sweet somethings” in your customer’s ear that will help her remember your company. Give her the words to tell her friends–a Brand Banner to wave.