Published on: 06 August 2018
Last Updated on: 08 August 2019
When it comes to running your own business, it is vital to do all that you can to succeed. With 20% of small businesses failing in their first year, it is clear just how key it is to pay attention to all aspects of your operation. Doing this will make sure that you are one of the US businesses that not only make it past this first 12 months but also thrive. Of course, there are lots of ways to do this, and you should look into them all as a responsible business owner.
One key area to focus on is your business finances and doing all that you can to keep them in good order. Most businesses will have to spend money on making purchases at some point, and this is something that you should think about carefully.
How to make awesome business purchases :
By paying attention to the money that you spend on business purchases and how it is spent, you will give your business a great foundation to build on. Here are some fabulous ways to make the best business buys:
Only buy what you need – for many businesses, the temptation to spend more than they need to is ever present. This could mean that you spend too much on buying items for your business, which eats into your bottom line. Before you buy anything for your business, it is important to make sure that you really need it and that it will add value to what you offer.
Shop around for the best deals – you should always shop around to get the very best deals. All the little savings that you make over the year from doing this will soon add up to big savings come year end.
Use reputable suppliers – it is essential when making business purchases that you only use top-class and reputable suppliers. The equipment that you buy will have a direct impact on your organization, so it needs to work as intended.
Go green – within business now, the real hot topic is meeting your environmental responsibilities. This is something to bear in mind when making the business purchase so that you only shop with suppliers who care about this. By doing this, you will be using products that are kinder to the environment and you will be a greener business.
What about purchasing with overseas suppliers?
Of course, you may need to deal with overseas suppliers when purchasing goods for your business. When doing this, remember to be extra careful about checking their credentials and only using a reputable company. In addition, you will need to think about how to make the payment if they use a different currency in their country. Online money transfer companies are a very easy and secure way to make this type of payment as a business.
Make business purchases the smart way :
Buying goods or equipment for your company is a critical task in any business. By taking steps to do it right and only spend what is necessary, you will be protecting your cash flow and capital. This will stand you in good stead as you grow and move into the future.
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A few things at work can be as frustrating as an unorganized or pointless meeting. These meetings waste time that can be spent on getting actual work done. Agendas are a good way to prevent unproductive meetings because they compel attendees to prepare in advance, set clear goals, manage time, and stay focused.
An effective agenda establishes expectations of what is to transpire during the meeting, thereby increasing its overall productivity. It helps the team address important issues quickly.
Lack of productivity is no joke. According to Atlassian, hours lost in such meetings cost businesses an average of $37 billion a year.
Agendas can be formal or informal, short or long. In every event, they should be as simple as possible. Without further ado, here are some excellent meeting agenda examples.
Best Formal Agenda Examples:
Most meetings start with standing items, which include team status updates and other items that are always on a regular meeting agenda. A meeting facilitator takes attendance and approves the minutes
in the end.
After the updates, the new topics are introduced. The agenda should have a list of topics, the name of a person responsible for each one, and a certain period of time allocated to each. For example:
Cory - Discuss sales quotas (15 minutes)
Once discussions of new topics have been closed, you can move on to previous ones that weren’t completed. For example:
James - Employee engagement survey update (20 minutes)
Sean – Sales hiring update (30 minutes)
At the end of the meeting, review action items and schedule a new meeting if necessary. These will be the last items on your agenda.
Less formal agendas will have far fewer items. Below is an example:
Intro (5 minutes)
Review quarterly marketing plan (15 minutes)
Review sales metrics to date (15 minutes)
Discuss proposal for next quarter’s marketing goals (10 minutes)
Agree/disagree with proposed goals (10 minutes)
Long Agenda Examples:
The above examples were formal and informal but in both cases short agendas. Long agendas are typically segmented in three parts – theme, discussion, and structure. Here’s some detailed information about each of these.
Theme:
Segmenting an agenda by themes or topics will set out clear expectations. Without such, a meeting can become chaotic and unproductive. If it proves challenging to establish topics in advance, consider inviting an expert facilitator to the meeting. They will ask attendees what they want to talk about and why. The topics have to be relevant to all the people present. If a topic is only of interest to one person or a small group, everyone else will feel like they’re wasting time.
Discussion:
Next, move to discussion of the topics. Sending the agenda out before the meeting will make it possible for attendees to prepare in advance. Then, everyone will be up to speed and prepared to contribute. You’ll have more insightful and deeper conversations because people won’t have to waste time going through issues they’ve prepared for.
Structure:
Finally, you need a specific set of steps to address each theme on the agenda. Participants will know what to expect and talk about at every stage if you assign certain talking points within a suitable time frame.
Long Agenda Sample:
Your topic might be “Steps to better exposure of the company.” To prepare for the discussion, you could have people focus on newsletters, emails, and data on subscription and engagement. The structure including reviewing and analyzing this data, pinpointing key issues, and drawing conclusions. You could allocate 40 minutes for this.
If you conclude that engagement is poor, discuss possible reasons for this. Ask attendees why they believe this has happened. This would take about 30 minutes. Finally, spend 15-20 minutes talking about improving your newsletter or email subscription strategy.
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If you have been following the news and are tuned to social media, you might have come across billionaires pledging sizable fortunes to charity. Bill Gates, Warren Buffett, and others have pledged to donate more than half their wealth to improving the condition of the less fortunate in society. You will know about how Philanthropy and Entrepreneurs are changing the world in this article.
Entrepreneurship is not only about working hard and earning millions, but it is also about feeling good about doing something valuable. Yes, you might get satisfaction from buying supercars and private yachts. However, beyond a point, all those things fail to excite you.
In this article, we will look at what entrepreneurs are doing to change their society, one step at a time. We will also discuss some lesser-known entrepreneurs who are silently engaging in meaningful philanthropy.
Entrepreneurship and Philanthropy: Relationship
The trend of entrepreneurs giving back to society is not a new phenomenon. America’s old billionaires like Rockefeller and Carnegie were famous for donating huge fortunes to uplift the deprived sections of society.
Owning and distributing is one of the key tenets of philanthropy. Entrepreneurs know that they have benefitted greatly from the society that has allowed them to succeed. They also realize that giving back to society has a spiritual and otherworldly connotation to existence.
You might see some of the top CEOs and Founders talk about meditating early morning and believing in things like ‘Karma’. In simplistic terms, it might be about feeling good about yourself. It can also be about not feeling guilty about enjoying some of the best things that money can buy.
Most of the entrepreneurs are not from lineage. They are first-generation success stories. They have seen their parents struggle when it comes to food, health, education, and other middle-class challenges. Their sense of social responsibility to philanthropy stems from their humble background and origin stories.
According to Forbes, philanthropy is about solving social problems that can help establish large enterprises. It needs disruptive ideation, innovative insights and a real zeal to engineer change. Entrepreneurs are famous for exhibiting the just-mentioned qualities.
Entrepreneurs making a real difference to Philanthropy:
While news stories about Philanthropy and Entrepreneurs doing the rounds usually concern themselves with big billionaires, many others are doing just as much. In recent years, entrepreneurs like Matt Redhawk are trying to benefit society in multiple ways.
Matt Redhawk dons many hats. He is a writer, entrepreneur, producer, writer, and mentor. He is also a philanthropist who likes staying away from all the publicity. His publication, ‘Drought and Dreams: Stories of Resilience During America’s Darkest Time’ provides fascinating insights about American families and their struggles during periods like depression.
However, the best thing about people like Matt Redhawk is the way they are inspiring similar entrepreneurs to follow a similar path.
Conclusion
Entrepreneurship and philanthropy should be considered as a journey, rather than a destination. Rather than considering it as a goal in itself, people should think of it as a continuous process. With so much strive, struggle and destitution, everyone should definitely do their bit in alleviating the situation in their immediate society.
In this article, we looked at the intricate and varied relationships between Philanthropy and Entrepreneurs. We also looked at how entrepreneurs like Matt Redhawk are trying to change the world, one small step at a time.
If you know of similar entrepreneurs, pleas mention them in the comments section below, You can also email this article to your entrepreneur friends to inspire them to take up the path of giving.
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With regards to the subject of contamination, numerous pieces of the world's saltwater bodies are in genuine threat. The defilement of the world's seas proceeds apparently unpunished and the impacts are ending up perpetually obvious, as fish stocks are in a sharp decrease in numerous regions and for different species. Numerous nations' administrations moreover don't do what's needed to help secure marine territories, as they have free laws on the books regarding the matter and don't prevail to actualize the guidelines that are set up. Not really, in any case, with regards to the legislature of Alaska, which has played an overwhelming job in saving the Alaskan fisheries, realizing very well indeed that feasible angling ensures our seas for what's to come.
Actually, the very state constitution of Alaska commits a whole segment to manage the theme of normal asset the board, and fish stocks specifically something that can't be said of some other state constitution in the nation. With the issue continually having been paid attention to vary by the state government, the climax of many years of research and guideline have luckily made the Alaskan marine living spaces among the most unblemished and solid on the planet, with the items leaving these waters being desired all inclusive for their prevalent dietary benefit and flavor. Similarly, as supportable angling ensures our seas for the future, it likewise ensures a proceeded with the supply of pay for some Alaskan families that luckily can keep on basing their jobs of this movement.
There is maybe no other case of fish the board that can profess to be so staggeringly efficient, composed, and executed. The Alaskan government works next to each other neighborhood and national accomplices to help ensure the achievement of supportability activities, and even gives a stage to numerous logical research gatherings (situated in colleges and autonomous associations, for example, NGOs) to lead tests and bring information that assistance keep the marine natural surroundings in pinnacle structure. With the confinements set on angling armadas, the Alaskan waters happen to be among the cleanest on the planet. Extremely, the circumstance in Alaska merits the profound respect of each individual that professes to have the planet's advantages as the main priority and praises the thought that economical angling ensures our seas for what's to come.
Eating Maui-Style:
The Hawaiian style luau is viewed as an imperative piece of each Maui get-away. A traditional luau offers the best approach to encounter the sustenance and cultural traditions of the Maui. Customary luau food involves delicacies like Kalua Pig, Poi and Poke, Hawaiian sweet potatoes, and Chicken Luau. Daily luaus are facilitated all through Maui cultures. However, the most bona fide is located on Front Street in the Lahaina area and called the Old Lahaina Luau. The menu offering at another popular joint called the Lele offers a sophisticated gourmet take on the traditional luau menu.
Many general stores like the Haliimaile located at upstate Maui stocks the best in neighborhood Hawaiian cooking. One of the most loved afternoon dishes is crab Boboli. Several fish delicacies which are daily available on the menu are dependably a decent decision. While a bit much for lunch, supper reservations are unequivocally suggested.
The sea encompassing Maui gives an abundance of fresh fish for the eateries situated on Maui. Cafes are no doubt acquainted with fishes like Ahi and Mahimahi. However, other fishes, which frequently pop up on the menu, include- Opakapaka Ono, Moi, Opah, Monchong, Onaga, and Shutome. The best feature of the fish here is its near perfect freshness. Fish-based dishes occupy the menu of almost every eatery on Maui.
Combination nourishment blossoms with Maui. The mixing of American, Japanese, Thai, Italian, French, Vietnamese, Swiss, Chinese, and Korean, cooking styles show up on menus throughout Maui. The most famous eatery on Maui is called the ‘Sansei Seafood Restaurant’. Another establishment called the ‘Sushi Bar’ contests the best restaurant tag. Sansei has three premises- Kihei, Kapalua, and Maui. Sansei is well known on Maui and if you are visiting it, we suggest you get a reservation done.
At the point when in the township of Lahaina, coffee shops can appreciate an extraordinary supper on Front Street at the Aloha Mixed Plate. Situated alongside the traditionally beautiful, Lahaina Luau, this easygoing eatery seats burger joints in shoreline and seafront lined gardens. Patrons enjoy numerous Maui luau with the plate lunch being the most opted item.
The Maui sustenance experience ought to dependably incorporate crisp fish and privately developed organic product. For a genuinely novel Maui treat, guests can buy potato chips produced using Maui developed onions and reddish brown potatoes and created in nearby industrial facilities. The famous chips have been anointed as the ‘best’ of all forms of potato chips available in the region.
Maui inns and resorts, for the most part, include a few eateries taking into account the requirements of their visitors. On account of nearby guidelines, most facilities offering BnB facilities (Bed and Breakfast) don't give in excess of a new organic product bin for breakfast. In such cases, Maui guests are free to stopover at other retreat properties Global Seafoods for feasting.
Guests to Maui will never have any issue discovering nourishment to fulfill any hankering. Island eateries having some expertise in world cuisines like Italian food and American food are not hard to find. Maui visitors aching for fond food memories of their motherland will appreciate Cheeseburgers at the famous Paradise or head out to the Hard Rock Café for a territory American feasting background.
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