Professional Documents
Culture Documents
Business of lending carries certain inherent risk and bank cannot take more than
calculated risk. If you’ve heard the old adage, “It takes money to make money.” Banks aren’t
very excited to finance what they consider highly risky ventures and in recent years have even
moved upstream to bigger and potentially less risky and more profitable fish. Starting this kind
of business takes a lot of effort and money as well. There are right and wrong ways to lend
money.
If I were to be the one who decide, I’ll grab the deal and push through. You need to
charge fee for your services. If you are opening up an office you need to display the amount in
your services so that your client’s will be able to see your rates. It is best if you have a nice and
professional looking office space so that people will not be hesitant to go on in. Since you are
catering to people who are looking for money, they might be feeling anxious and scared. Show
them that your environment is friendly and you are the answer to their problem. Starting this
kind of business takes a lot of effort and money as well. There are right and wrong ways to
lend money. Do have a plan B in case of any bribe; documentation is essential in your
business to keep track of the money flow. It should be well written kind of documentation. The
help of a lawyer will make this a much easier task. Carefully draft the contract and discuss it
with your lawyers thoroughly. This way you can avoid clients finding any loopholes in your
contract.
Understanding how you and your business measure up in each category is the most
relevant part of your entity. In any dimension, in order to attract people, start strategizing a
marketing plan. This way you can able to give incentives to your customers. Make sure that
your build a good social network so that people can refer you to others.
Case 3: Ristorante Filipino-More
All successful small business startups eventually face the issue of handling business
expansion or growth. Business expansion is a stage of a company's life that is fraught with
both opportunities and exposures. On the one hand, business growth often carries with it a
corresponding increase in financial fortunes for owners and employees alike. In addition,
expansion is usually seen as a validation of the entrepreneur's initial business startup idea,
and of his or her succeeding efforts to bring that vision to execution.
Through hard work and skill, an entrepreneur can grow his or her business into a great
scheme and multiple branches. In Remedios case, she must first do “Partnership” with
someone whom she can rely on, in terms of financial status, background and skills. She must
take everything slowly to ensure her outpouring enthusiasm in expanding their business. As
quoted, “Two heads is better than one”, she must trust his/her partner to everything they will
do. Making sure everything is on great scheme and in case of any infidelity; she must be wise
enough to handle such situation she is going into. Knowing that the business is related to
hierarchy, Ms. Espiritu needs to ensure one of the family members to indulge themselves in
the business, it might be better if few will take part. And if ever the partnership will succeed
then that’s the time they’ll enter into the larger scheme of things. Everything has its time; no
need to rush for everything is a step-by-step process.
Whatever method a business chooses to utilize or to expand—and whatever guiding
strategy it chooses to employ—its owners will likely face a combination of potentially
troublesome issues as they try to grow their business in a smooth and productive manner.
"Expanding a company doesn't just mean dealing with the same problems on a larger scale,"
wrote Sharon Nelton in Nation's Business. "It means understanding, adjusting to, and
managing a whole new set of challenges—in essence, a very different business."
Case 4: Jona Car Rental- Before the Next Teardrop Falls
The ability to make business decisions and lead subordinates within a company. Three
most common skills include: human skills, technical skills and conceptual skills. Competencies
include communication ability, response behavior and negotiation tactics. Examine your best
qualities and skills before entering a job, so your best skills stand out for a prospective
workplace. If a job change is in your near future, one of the best ways to begin the process is
by evaluating the new employee. You might think of skills as the raw materials of any given
company: When a company has employees with the right skills, it can accomplish or exceed its
goals.
In the case of Jona Car Rental business, if I were to recommend a thing to Mr.
Naguimbing it would be to find his weakness and make it as his strength. The most challenging
aspect of a performance assessment is measuring the actual performance of the employee.
He must focus and learn how to do his way, not like his brother’s ways but his own. Thus, it’s
very important to choose the correct measuring techniques. It’s also important to focus on a
desired performance and then compare the desired performance to the actual performance of
the employee. All of the planning that goes into the performance is for the purpose of
evaluating. Although the process may be tiresome, the end result is one of great importance.
Just because he loses his approach doesn’t mean he can’t do such he must learn how to
communicate. Effective communication skills are important to ensure a manager-employee
relationship. Listening skills are also crucial, as the one who manages; he must listen to
different approaches and ideas for projects and assignments, especially when working as part
of a team. Business related workforces often struggle together on projects, so he, Mr.
Naguimbing must take on the leadership role to ensure deadlines are met, problems are
addressed and all ideas are being considered. In addition, he must also have creativity skills
so they can find and use solutions for potential problems on tasks, projects or assignments.
Mr. Jose Naguimbing’s older brother, Pedro must have guided his brother first before leaving
him behind. Let him accompany those important tasks as the one heading the business.
An “effective” manager takes responsibility for ensuring that each individual within his
department succeeds and that the team or business unit achieves results. Successful
managers require both talent and skill. Effective management skills can be developed through
training, mentoring, and experience. But if a manager is void of natural talent, then the odds
that he will be successful diminish significantly.
Whether we are currently a job seeker or an employer looking to hire the best matched
candidates for your company, the top desired skills in the workplace never go out of style or
out of demand. These include hard skills acquired through education, training and experience
as well as soft skills derived from personality traits, attitudes and ethics. Skills are powerful
allies in helping an entity make a successful job transition.