Do you want to start an insurance company but want to go niche and be unique? Preventative healthcare won’t reduce costs in America. Why do you think we have obese people and diabetics that aren’t changing their lifestyles and diet, even though they know they need to? Americans are apathetic. I’ll leave the rest of your message ignored, which is the best thing to do with it, though I might throw in a comment about people who are so fixated on their ideas that nothing will shake them. The first is an audit of the emotional intelligence of the stakeholders in the plumbing business. Like any service industry, plumbing involves hard work and much on-site work where things can easily go wrong. A high emotional intelligence score amongst the business owners is the best possible indicator of success. Emotional intelligence means being able to cope and manage the stresses and challenges involved, it means training your mind to find solutions in the midst of chaos happening all around you, and it means being able to be an effective leadership team who can steer a business through uncertain times. On the other hand, it does not mean someone who succumbs to the influences of anger or vindictiveness. Emotional intelligence can be learned and improved upon, so it certainly can be developed, but it is key that this quality be determined before initiating any business. Hire accurately by creating clear job descriptions, using the right marketing boards, and know exactly what kind of candidate you’re looking for. Entrepreneurship does not take place in isolation, it depends on several factors. The growth of entrepreneurship results from some economic factors input & certain environmental conditions. In fact, for the development & growth of Entrepreneurship, a number of micro and macro factors must be considered, such as financial and economic factors-limited liability and greater mobility of capital, low taxes and tax incentives, good chance to make high profit, good banking with easily available credit, free trade with limited tariffs, lower labor cost, political factors like a stable and chaos free political system, political biasness, legal factors- uniform commercial law and regulations, strong legal support for private property, infrastructural factors like strong educational and training facilities, good transportation system, strong telecommunication and distribution networks, state factors including support from large corporations, research and development, public-private partnership, innovation, socio-cultural factors like encouragement and support from family & society, social status, social integration, social security, & last but not the least personal factors like optimistic, hard workers, accept responsibility, desire to achieve, risk oriented, opportunity seekers. (Khan, 2005) Moreover if an entrepreneur plans to grow his business he must understand the growth strategy he will adopt depending on the nature of his business.
Great hub! Love your descriptions of the different types of leaders. So, say, a diabetic is in hospital having a lower limb amputated, that isn’t health care, that’s life style. Decision Support: This last stage in BI process aids in utilizing the information with intelligence. The aim of this stage is to warn the users about various crucial events like poor performance by staff, takeovers, changing trends in market, sales fluctuations and much more. It aids in taking better business decisions for improvising staff morale and customer satisfaction. If you think communication and presentation, leadership and management, human resources, sales and marketing, professional development, project and time management, customer service, administration, accounting and finance and purchasing are soft-skills, then you really don’t have any idea of why you are not the best in your market do you? Every one of these is a specific job or function and are therefore either a technical skill or a performance skill. It has been demonstrated worldwide that certain drivers predict employee productivity which drives profit. I will touch upon seven: stress, recognition, leadership, benefits, environment, economy and industry competition. They are all related to each other, one affects the other and they are all affected positively by corporate tai chi. Firms that compete based on price and target a broad target market are following a cost leadership strategy. Several examples of firms pursuing a cost leadership strategy are illustrated below. Starting a Hotel is a very good business idea. This business idea demands a lot of investment. Apart from money also need competent and experienced manpower. Very true-fixing holes in the road and repairing unsafe bridges, paying public school teachers enough to attract competent applicants, paying for effective local, state and federal government functions and national defense requires sufficient tax revenues which thanks to the likes of the little creep Grover Norquist are very hard to achieve. If you love traveling and enjoys helping other in travel, you can plan to start travel agency. You need small shop, computer and contact with various hotel and travel company that’s it. You may need experienced manpower to run this business. Retention of employees is another large problem in the hotel service business. Since so many of the employees do not have hotel work as their ending career goals, many of them only work in a hotel for a short amount of time. Other employees may have to be let go because of poor work ethics or other issues. However, there are ways that a hotel human resources manager can curb some of the desire and likelihood that employees will move to other jobs quickly. The importance of human resources management for hotels is very large in this area. Managers can provide good training and incentive programs that will cause employees to stay longer at the hotel. Having a clear progression plan to advance to higher levels of service will also cause employees to stick around much longer.