Saturday, February 28, 2009

Tips to succeed in a job interview

There are several important points that have to be taken note of before attending a job interview.

Get as much information on the company by which you are being interviewed. One of the most important questions you could face during any interview could be that why do you want to work for that company. You should make a through study of the company and arrive at a conclusion beforehand as to what the company is expecting from you. And your answer should be according to what the company expects. This does not mean that you should fake your response to get the job. You should first make a study whether the job suits you and whether you are suited for the job. Any job you take, should suit your long time career interest as well as your talent.

Your posture is also quite important. Sit straight and don’t cross your legs. Don’t smoke before you attend the interview and smell of tobacco. And ladies don’t overdo your perfume and smell like a perfume factory.

Don’t hesitate to ask questions during an interview. Your clothes, your manners and your behavior are all extremely important during an interview. Your clothes should be immaculate and conservative. Your shoes well polished and hair well combed.

Take all the required papers and have extra copies of your resume, references and certificates.

Make it a point to arrive at least fifteen minutes early. Be polite to every one you meet. It is possible that boss might ask his secretary as to what she thinks of a particular candidate.

Just because the interviewer appears casual, don’t lower your guard. Always be professional during an interview. Maintain an eye contact with the interviewer. Don’t either be shy or over aggressive. You should be calm and self confident during an interview. You should be very careful of your body language. Your response to any question should appear to be honest.

Tuesday, July 15, 2008

Management and its Functions.

Management is to solve problems and ensure the smooth running of the business. The most important functions of management are planning organizing, directing and controlling.

Planning is to determine how the present objectives and mission has to be accomplished. Planning involves the overall objective of the organization as well as how to achieve the present target. Planning has to be through and should include solutions to the problems that may arise later. Planning should be very clear and has to aid decision making.

Organizing involves the division, coordination of tasks. It also involves the flow of information as well delegation of responsibility. A good manager should know what his subordinates are capable of and assign the tasks accordingly.

To recruit people and select the right people for various tasks, training them, and evaluating them, is also an important part of management. They should be grouped into teams that are capable of achieving the goals set for them.

You have to direct and motivate people to accomplish the tasks. Effective communication and leadership are essential. It should help the organization to accomplish its goals. The individuals should also be helped to achieve their career objectives.

The processes have to be controlled, so that the plans are executed to get the desired results. It is also necessary to see whether changes have to be done mid-course. If there are any problems, remedial measures have to be taken.

Thursday, June 12, 2008

Planning a New Business

Are you willing to take risks? Do you have the capacity to organize? Can you get along well with others? Can you face adversity? You should have may more skills to start and be successful in a business venture of your own. You should also have management skills. You should have sufficient experience in the field you are starting the new business. You should be able plan and execute the plans well. You should be able to hire the right kind of talent to run the business in fields, where you don’t have the expertise.

If you are starting a new business in partnership with others, it would be a good idea to get the kind of partners who can complement your expertise. For example if you have technical knowledge, it is better that your partners have experience in finance and marketing. It is better to demarcate the areas of responsibility and take care of the business.

Henry Ford said “find a need and fill it “. If you have to start a new business the first question you have to ask yourself if the service or the product you are offering has a market. As the market already has people catering to its needs why would anyone want to buy the service of product from you?

Does your product have features that are different from what is being offered in the market at present? Unless it offers advantages over other products already available in the market people may not buy the product.

You should make a through and detailed plan. You should plan as to how you financing the business. What part of the funds will come from you and your partners? What would be extent of finance you require from banks and financial institutions?

Would you like to start a partnership firm? You should also examine the idea of staring a limited company.

Monday, May 26, 2008

Succeeding in a Small Business Venture

Not every business that is started succeeds. Many of them falter and close down. Some businesses which are started with ample capital and resources don’t do well. Certain businesses which are on shaky ground when they are started, pickup and do well.

A small business started with limited resources cannot cater to all markets. So focus on a specific, specialized market. As you get along you would become an expert in the field. Do what you can do best. Catering to specialized needs, you will be facing less competition.

A small business will have both advantages and disadvantages over a large business. You might find it unnerving to take on big competitors. One of the advantages of a small business is that you can give personalized service to your customers. It is possible to respond immediately to any problem.

As a small business cannot afford expensive advertising, you may have to depend on your existing clients to refer you to potential customers. Building up a good reputation is very important.

It is possible to make, tailor made products for your customers. You can give personalized attention to their needs and fulfill them. Impress upon the customer that you are giving utmost attention to their needs. Once you establish a rapport with the customer, they will desist moving towards your competitors.

Innovation is also very important. Keep abreast of technological advances, incorporate them in your product.

Any entrepreneur will have to be open to new ideas and quick to adapt them. You have to be self confident and be able to sort out problems as and when they arise. If your plans are not working you should be able to devise alternate plans. You cannot be an expert at every thing. You should recognize your weak points and see how best to overcome them.

Sunday, May 18, 2008

Qualities of an Entrepreneur

Are you desperate to start a business of your own? Passion is one of the qualities required for an entrepreneur. Not every one can succeed in business. Quite a few businesses close down after trying to run for a while.

One of the most important qualities to succeed in business is common sense. Common sense can be described as the ability to judge things on the basis of past experience and acquired knowledge.

Self confidence is the key to any entrepreneur. An entrepreneur should have faith in his own ability. He should be willing to work hard. He should be willing to put in the extra effort.

Specialized knowledge in the field of your business would be of immense help for you to succeed.

You should be very passionate about what you are doing. Bjorn Borg said he is earning a living from his hobby. You should love what you are doing. It is only then you would not feel the strain of the extra hours you are working.

You should dream or visualize, the result of your effort. Imagining things and constantly striving towards your goals will give you the result. If you get this into your subconscious mind then it will drive you relentlessly towards your goal.

You should have a larger goal and smaller goals which would be steps in the attainment of the larger goal. You should have a plan and strive constantly towards its attainment. This does not mean that you have to stick to your plan with mulish obstinacy. As you gain experience mid course corrections in the plan can be made. But the ultimate aim should be achieve the goal at any cost.

Saturday, May 10, 2008

Attention to Detail

Paying attention to detail could be the difference between success and failure in business. One shop sales man was approached by a lady who wanted to buy a shirt for her son. She did not have the size. She told the salesman that her son was about his size and requested him to wear a shirt she had selected. The salesman was wearing a jacket which covered his crumpled shirt and only the collar of his shirt was pressed. But he had to remove the jacket, which exposed his wrinkled shirt.

How many times we have been caught in a similar dilemma. Unless we pay attention to details we might be caught on the wrong foot. Your dress, your manners and your approach should always be well tuned.

You should think of the occasion. A sales meeting or a board meeting you should dress according to the occasion. The first impression is extremely important. You should realize you will not get a second chance to make the first impression. If you are not suitably attired the clients might think that you are not suitable for the job.

One a sweltering hot day President Charles De Gaulle met one of his minister’s who was in his shorts. A highly conservative De Gaulle stared long and hard. Then he asked his minister “monsieur, where is your hoop”

You should not offend the people whom you are going to meet. It is possible they may feel that you are not the person they want.

Your suit should be well pressed and your shoes well polished. The cloths you wear and your haircut should suit you image. Wearing clothes that are not tailored according to the current fashion might make you look outdated.

Even your car is an important factor in building up your image. An obsolete, outdated and not well maintained is car sure to tarnish your image.

Tuesday, May 6, 2008

Starting a New Manufacturing Unit

Starting any new business venture is not easy. It is particularly so with a manufacturing unit. It involves both manufacturing and selling the product.

Henry Ford said “find a need and fill it.” That is what he did when he started the Ford motor company. First you have to identify a product that can sell in the market. If you are making a totally new product, it has to be determined whether the market will accept the product. You may have a great new idea or a product. Selling the product could be the major stumbling block.

If you are a new entrepreneur you should ask yourself whether you have the expertise to manufacture the product. Of course you can get people who have the expertise. In certain ways it can be said that people who have the ability to organize will succeed in any field.

Theoretically, to start any venture, it can be said that every ingredient is available. Finance can be obtained from venture capitalists and banks. Machinery required can be bought. You can hire people who have the technology and expertise to manufacture and also the people or companies to sell the product. To bring this all together you have to be an excellent organizer.

It is the capacity to organize that makes the difference. A person with good organizing capability can go far.

Planning is extremely important to start a new venture. It has to be meticulously planned. The steps are

• To identify the product
• To get the technical expertise
• How you are funding the project
• Land and machinery
• Manufacture of the product
• Marketing
• After sales service

Each of these points have to investigated in detail.