Why Businesses Succeed

Other business authors discuss why businesses fail. I prefer to focus on the positive: businesses that thrive and why they become successful.Celebrating Success! Fourteen Ways to a Successful Company discussed the fourteen principles that successful companies implement. The book is the result of interviewing-in detail-nearly 50 successful Northeast Ohio companies, talking with hundreds of other companies, and testing the results with clients.There is not enough room in this article to discuss all fourteen attributes, so I will focus on the top three principles: attitude of the business owner, having a sound business strategy and the value of discipline.The attitude of the business owner is the single most important principle described in the book. The owner must accept 100% of the responsibility for the results of the business. When responsibility is accepted, action can be taken to make the necessary changes to accomplish the desired results.When success is achieved, the business owner understands that it requires others to become successful as well. These owners are generous in giving credit to other people within the organization. Without exception, the most successful business owners understand it is all about people: hiring and retaining the right people, eliminating ineffective people, and providing the necessary resources for employees to master their tasks.Having a sound business strategy is next. The strategy does not have to be a 60-page, single-spaced, complex plan; one page will do. However, the business strategy does need to be well thought out, carefully crafted and well executed. The business strategy will define and drive the activities and behaviors the organization must execute to become successful. If you do not have a business strategy, the organization becomes like a ship without a rudder – it can’t be steered – it just goes in circles. A business strategy should include such things as: a financial plan, marketing differentiators, product strategy, and employee retention strategy (just to name a few).The other two attributes become much more effective when discipline is in place. Discipline can be defined as “staying the course,” “not losing focus,” or executing the strategy.” The most successful companies understand the value of discipline and they work hard maintain the course defined by the business strategy.A poorly crafted business plan that is well executed is far superior to a well-crafted business plan the sits on the shelf.Discipline means: not to overreact to market changes, stay focused on your core markets, and measuring success as defined in the financial plan.If your business addresses these three principles discussed above, and choose to embrace the other principles documented in the book, predictable success is your only possible outcome.

Education Loans – Give Wings to Your High Education Dreams

Education begins at home and has been looked upon as the progressive medium to open the so called doors of our ignorance. In other words, the process of education in the truest sense needs to be limited to the concerned man who insists on knowing more -the rest is mere sheep-herding. However, these days, leading a smooth life seems to be very difficult. If you earn a handsome amount after the end of a month then the most important aspect of your life can get ignored. But the hard toll of expenses have not even spared this domain out of its spell. As a matter of fact, the process of education has become a real swine business which means our dreams for higher education would definitely depend upon our earnings.In any situation, any parent would not like to gift a illiterate life to his children. To solve this grim cases, various types of loans have been conceptualised. The expenses of higher education can, however, be easily borne with the support of the so called student education loans. These loans have been specially crafted, keeping in mind the bright prospect of higher education. These days, a wide variety of subjects such as science, social science, English etc., form the basis of our education system. The children can be let loose to explore the subjects and get education from the most preferred universities with the support of such special loans. These loans would responsibly take care of all the educational expenses such as hostel fees, tuition fees etc., at ease.With these educational loans, people can easily case their dreams of reaching an eminent position in high-profile companies, offices etc. Today the education scenario looks only brighter to those people who come blessed with sufficient amount of money. However, otherwise the students are forced to either indulge into certain part-time jobs or quit studies. But with the introduction of these types of loans, it seems like nothing can stop the parents now from offering a bright future to their children.The education loans are the most preferred loans these days due to various reasons. In fact, the repayment mode of these type of loans are very attractive. Almost every educational loan has to be repaid only after the concerned borrower starts earning. Of course, such loans are specially made for students who are opting for professional courses. Apart from the professional courses, other courses come with the option of equal monthly installments. Which means in such a case, the concerned borrower or the parents of the student should repay the amount on the basis of monthly installments. As such, both these cases can be summarised as follows – the repayment period of the professional courses usually starts after the completion of the course while the repayment period of other courses starts instantly after the loan gets sanctioned.Apart from the student education loans, one can even avail personal loans at flexible terms and conditions. Due to the low personal loan interest rates, the Indian loan market has been on an all-time high. The economic reforms of 1991 introduced by the PV Narasimha government have been able to positively stimulate the Indian economy to a considerable extent. The positive trends can be still noticed, with the economy of India turning itself from a debtor to a creditor of the IMF (International Monetary Fund).However, the eligibility criteria for getting student education loans are not very scary. The applicant of the loan should be at least of the age of 18 years or above 18 years of age. The concerned borrower should have a current bank account. Moreover, the repayment options and the terms of qualification are just adding more points to such special types of loans. These type of loans come both in secured and unsecured forms. Secured loans are quite easy to avail as the security pledged validates the authenticity of the borrower. However, these form of loans come boosted with low interest interest rates, hassle-free terms and conditions and stress free repayment options. The unsecured loans on the other hand requires a pledged security from the concerned borrower. As in these type of loans, almost 75 per cent of the risk needs to be borne by the lender and certain strict terms and conditions enhance the lending amount safety and repayment. The rates of interest which come associated with these loans are slightly high yet affordable. The students have every right and power now to get their focus right and study for their own betterment as well as for the society.