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Showing posts from April, 2024

S W O T

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  SWOT  analysis is done for the person.It can be for business and orgnization.  S         strength W       weakness. O        opportunity T         threat. You have to analyse the strength.It is divided in three parts.1 Actual or inherent strength.2 Acquired strength.3 Required strength. You have to assess yourself about inherited strength.It is the strength you are born with. Find out about acquired strength through  education, training and work experience. Then think of required strength.It is the strength which is essential for your business, job.  You can supplement yourself wherever you are lacking. Find out  weaknesses inherent. Try various ways to overcome. If you are lacking communication skills, define it.Find out ways to add to communication skill. Get training for it. You  will  get  opportunity  according  to your strength. 

Entrepreneur qualities.

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 Entrepreneur should possess some of following qualities. 1 winning strategy.  2 Pontential  to achieve. 3 Ability to sustain.  4 Feedback  analysis. 5 Trouble shooting skill.  6 Independent attitude.  7 Target  setting. 8 Flexibility.  9 Counceling ability. 10Good Communication.  11 Strong desire to win. Winning Strategy.  Every time you have to win. You have to cultivate this habit. You cannot lose in business or in industries.  You must have ability to achieve your target.Just by doing hard work you may not achieve the success.  You should to achieve the planned target every day. Find out the methods for it.Make it a procedure.Defined routine should be observed Target should be divided into suitable parts.Then it becomes possible to achieve. 

Industry

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 Every industry is controlled by 5 factors.1 Man 2 Machine 3 Material 4 Method 5 Marketing.     Before starting any industry these factors should be considered.     1 MAN  Most of the industrial management depends on the person who handles.Personality of the manager gets reflected in all industrial activities. 2 MACHINE  Almost all industries work with Machine. Good Machine always give you Good profitability.  3 MATERIAL  Raw materials are always important for getting  qualities. Endproduct depends on materials used.Profitability also defined by materials used. 4 METHOD The process of manufacturing is also important. Standard operating process is to be defined Production speed and quality is directly depends on methods used.  5 MARKETING The promotion of products is required. MARKETING is required to maintain good production speed. You can plan your business according to product demand.  You can always analyse your business con...