Friday, 26 July 2013

How To Start A Business

Starting a business takes a lot of planning and research, there is no business that you can go into that is easy. That's why you have to plan properly and do a proper research about what you are planning to venture in.

The first thing you have to do is identify the field that you want to invest in, make sure it is a field that you have a passion for and know about. To me it makes no sense you start a business that you know nothing about it simply wont work. If you know about computers like i do then you can start a computer business because you understand the market more and also knows the consumer demands which is the key to any business. 

Secondly you have to raise the capital, what i do is try to avoid the banks because they can be a pain, it is not easy to be paying back loans when you just start out. Reason being is a new business is always slow and you definitely want to keep your monthly expenses minimal. If you have to get finance from the bank try and get the lowest interest rate, and use a bank that you can work with, please avoid loan sharks.

Try and get yourself familiar with the consumers, as i have mention above the consumer is the key to any business without them you will fail. Tell people about what you are doing and try to get a feed back you will be surprise what you could learn from the public.

Pricing is very important, you have to set your price for your goods or services to be competitive in the market place. You can not set your price above the current market price else you wont be competitive, you cannot set it way below the current market price because you wont make a profit so you have to be very careful. 

Go online, the easiest way to start a business and with low capital is online when you doing a online business you don't need a store so right there you save on the rent. Online business require small amount of staff or none at all, that is a great advantage for any new business. 

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Tuesday, 16 July 2013

Steps To Take When Buying A Establish Business

Buying an establish business can be good decision or it can be your worst nightmare, there are steps that one should take when buying a business that has already been established.

The first step i would take is to review the last 3 years financial statements of the company, as to have a full view of where the company stands in terms of assets and liabilities and also to see how profitable the company as been operating over that period.

Second step is to review the receivables  and payable s of the company, it is very important to know how much the company owe and how much money is owed to the company. With that information you can plan ahead with the collection of outstanding debts and also make special arrangements to pay  creditors.

Third step is to interview management, it is very important to interview management staff they are the ones that makes the major decisions in the company. They can outline to you where the company is coming from and where the company is heading, with this information you can plan the way forward.

Fourth step is to keep a meeting with regular staff, you need to know what the staff are facing so that you can have a good relationship with the staff. This is very important in order to improve or maintain good work ethics.

Fifth step is to do a field study of the business you need to know the day to day running of the business, you need to create a personal relationship with the customers because they are the life blood of the company. You will find out the weak and strong areas of the company. 

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Sunday, 14 July 2013

The Good Use Of Marijuana (Ganja)

I am totally against smoking because smoking kills, i would personally like to applauded the countries that take the brave step of banning smoking in all public places.

I have said over and over again that marijuana have a lot of medicinal use and it should be legalize for that purpose only, not for smoking.

Marijuana is good for the treatment of glaucoma. Glaucoma is a disease of the major nerve of vision, called the optic nerve

The optic nerve receives light-generated nerve impulses from the retina and transmits these to the brain, where we recognize those electrical signals as vision. Glaucoma is characterized by a particular pattern of progressive damage to the optic nerve that generally begins with a subtle loss of side vision (peripheral vision).

 If glaucoma is not diagnosed and treated, it can progress to loss of central vision and blindness. Eye drops made from marijuana can be used to treat glaucoma.

Marijuana can be used to treat H.I.V. HIV patient who use marijuana oil have shown great improvement in there health.

It has been reported that cannabis oil has been used to destroy cancer cells, smoking marijuana increase your risk of lungs cancer but take a daily dose of cannabis oil will help to cure lung cancer.

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Sunday, 7 July 2013

Gadgets To Have In A Hurricane or Storm

Each year we have noticed that there is more and more storms heading our way, it is now a part of life to have major hurricanes and storms yearly. It is predicted that there will be much more storms this year than last year.

One of the main thing to have in a storm is a good flash light with some very good batteries it is not wise to light candles during a storm as this can cause fire which can lead to serious injuries or death.

It is very important to have a cellphone that is properly charged  during a storm. Please don't make unnecessary calls as this will run down your batteries and your phone credit. Only use your phone to make emergency calls, please keep your cellphone in a dry place keep it away from water. I always recommend a cellphone that has on a flashlight and a radio for the storm.

In most instances after a storm there is no power the lines are down, that's why I always have an inverter on hand. An inverter can be use to charge your laptops and your cellphones, you can connect your inverter to your car batteries or your battery bank. What the inverter does is convert dc power to ac power so you can run your ac appliances as mentioned above.
What would we do without a good radio in a storm ? It is very important to have a radio in the storm so we can stay in tune to the weather channels and get regular updates about the storm. Make sure that the radio has proper batteries and try your best not to get your radio wet.


Please stay indoors and keep dry. If you are asked to evacuate by the local authorities please do so.  
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