Action, Reaction, Consequence.

Every Action has a reaction and this is something that should become the way we think on a daily basis. For example, businesses are generally started by Entrepreneurs for various reasons. They take risks and build their businesses to sustain their needs. When the business gets bigger, they take on staff and further responsibilities. To maintain their profit levels they need to keep costs in check. If they have investors, there is even further pressure to be profitable in order to pay their shareholders the return that they expect. If costs are increased, either prices of products need to rise, cuts have to be made or less profit needs to be expected. If it is your business are you happy with less money in your pocket? It is you who has taken the risk and made sacrifices to set up and run your business. With the latest legislation coming into the marketplace with regards Health Care, steps to reduce costs and maintain profitability or even survival have to be taken. Read what is happening in the restaurant sector. Action, reaction and consequence. 

Bling Bling!

One day, the majority of you will marry. Before getting married an engagement ring will be required. Please consider these things in terms of costings and finance before you jump in and laden yourself with debt. Remember the ring is just the start! Engagement financing

A successful teenager

Kudos to this young man and his achievement. I have said for a while that you need an idea, a skill and determination and this is exactly what Nick did. He put the three things together and received a large pay day from someone who has bought his online business. His idea came out of a need or frustration, he had the skill to do something about it and the determination not to give it up and see the project through. Congratulations once again. Online success

Free Trade?

Here is something interesting for the Business Students. The EU, the enlargement of the EU and the advantages and disadvantages of having a border-less Europe to trade in. No tariffs and quotas. The US are now considering a free trade agreement between the US and Europe in order to stimulate the EU markets. An interesting article and something to definitely discuss in class. EU and US Free Trade.

Belgian Bolt!

You are only as young as you feel and this is pure joy to watch. I only hope that I am able to do this when I reach 95 years of age. Belgian Bolt

How high is your ceiling?

In setting up your own business, trying something new or just plain trying, there is always an excuse why you cannot succeed. If you give into these insecurities then you will never truly know whether you can achieve it or not. If you don't succeed after trying then you know for sure, however a lesson will be learnt which might prompt you to be successful elsewhere. Ping Fu is a multi millionaire who could have had plenty of excuses NOT to succeed. She ignored her excuses and made her venture a success. Ping Fu

Unions versus Businesses

A great article for those covering Unions in their studies. The minimum wage, why the Trade Unions want membership and the politics of the decision. Does this ring true world wide?  Textile Unions in South Africa