Do you need a Business License to sell on Etsy?

Etsy is one of the most popular online shopping sites which provides wonderful DIY craftworks and many other similar products. Though it’s one of the most valued sites for online shopping websites, one question always pops up when a seller anticipates setting up one’s business. The question is if one needs a business license to sell one’s products on Etsy. Many sellers have repeatedly tried to know the business license policy’s details through the official website of Etsy. The policy regarding if the business license is necessary or not is available on the policy page of Etsy. Also, there are many articles on the internet that have given some ideas regarding the business license policy but not in a very detailed manner. Hence, here’s all the information you need to know to clear your confused minds about what to do and what not to, whether to get a business or not, how to start with the entire procedure before you set up your business on Etsy.

Importance of Business License to sell on Etsy

A business license is a permit which a merchant or a seller needs to get once he/she sets up the business to profit from it. If you are the budding entrepreneur or have a small business that you want to set up on Etsy, you need to go through the details here.

First and foremost, the need to have a business license depends entirely on how you wish to perceive Etsy’s career. For instance, if you pursue working as a seller as your profession or you are working as a seller just as a hobby or passion. If you decide on being a fulltime seller on Etsy, you would have to get that business license to be legal with your business. Your business will only be considered legitimate if you have the permit in the form of a business license. Once your store becomes legalized, you can start working as a fulltime business merchant on Etsy, without any further delay.

To apply for the Business License or not?

Now, I guess you’ve already made up your mind to pursue this as your business, and hence, you need to be sure about a few more things related to the need for Business License here. Firstly, if you’re gaining profit from your store on Etsy, if the answer to this is yes, you would have to report how much amount you are earning from the store and inform it to the IRS. Secondly, if your Etsy store is set up on partnership or LLC, you would have to get an EIN to continue with your business here, and you would also need to get the business license. Here, EIN stands for Employer Identification Number. This is important if you have a partner or multiple partners in your business.

Types of Business Licenses for Sellers

There are three types of business licenses for business merchants on Etsy. It mostly depends on the seller’s location or ownership or kind of products he or she sells here.

A Basic Business Operation License: This license provides you with the allowance to spread your business locally. You need to know how far you can spread your business in geographical terms, and this license helps you to operate your store within that periphery. You must get the idea of how far your business can reach from the local business administration office. You can contact them and know the details regarding the same.
An Employer Identification Number: As mentioned earlier, an Employer Identification Number is only required if you have a partnership business or LLC. Other than that, you don’t require an Employer Identification Number. If you are the owner of your store, mostly the case on Etsy, you don’t need an Employer Identification Number. This is only for the business sellers who have more than one or multiple partners attached.
A Home Occupation Permit: The Home Occupation Permit is needed if your business is based out of your home. You need this permit if your work is out of your home, like most other Etsy sellers. This kind of license is prevalent on Etsy because here, most sellers have their business set out of their homes.

Where to begin with the Business License?

Most readers now would want to know where to begin and where to go to get the much-needed business license. The entire process of how to get a business license pretty much varies from one place to another. The rules and regulations are pretty different from one city to that of another. You would have to make a proper conversation with the local SBA to know the complete detailed procedure of setting up your business and where to start. Once you contact them, you become aware of the entire process in your area or city, without any further confusion.

How safe is Etsy if you don’t have a Business License?

Etsy is mostly safe if you’re pursuing this platform as a hobby. Once you start making a profit out of your business, you need to get that business license done. Otherwise, you might risk getting caught by the IRS. The safest way to go about it is to make up your mind if you wish to make your store a profit-earning business for you or not. If you want to make this as your business, it’s better to be safe than sorry. You never know when you get caught without a valid business license. My advice would be to apply for that business license as soon as you make up your mind about making Etsy store your business platform or not.

If you’re pursuing your Etsy store as a hobby or as your passion, you don’t need to have a business license. You can continue with your hobby as a seller, as much as you want. You won’t get in any trouble. As the name suggests, the business license is only for those who are seriously taking Etsy as their start-up career or as an entrepreneurship platform for their business.

How to decide if it’s business or not?

The entire choice depends upon how you see your store, whether you see it as a hobby outlet or a business outlet, whether you want to make a profit out of your store or you are just doing it because you like doing it. The entire decision is yours. Also, the business license depends entirely upon this decision of yours. Many sellers get confused even after making their Etsy store, a business platform, about if they would gain profit or not. This is a very legitimate confusion, and one might always have this doubt on their mind. If you feel you need to be wholly assured of your decision and how profitable it is turning up for you, there’s always a path. You can opt for a five-year exemption, which would automatically postpone your choice on whether to get a business license or not. You can work on your business store for five years and see whether it makes a good profit on your profit. Once you’re satisfied with the feedbacks you would be getting, within the particular framework of five years, you can quickly go for the business license and make your business legalized and legitimate.

Etsy, as a business site, is business-friendly. So, you got nothing to worry about when it comes to your start-up career there. You can start with your store any day, even now, just after reading this article and follow the procedures to make a hobby out of it or a profitable business out of it. But you would have to keep in mind a few things before you jumpstart your business career. You cannot continue your business once you are making a profit. You need to report your profits and your earnings to the IRS. You would find many business holders there, who are using unfair means to continue gaining advantage without making their business legitimate. They are going to get caught someday, and they would have to pay a hefty sum of fine to the IRS. You should stay clean once you set up your business. Other than that, you need to contact your local business administration and get the remaining details about the business license. They would start with your paperwork once you understand the whole procedure. Once more, if you are a seller on Etsy who is not looking for profit there, you are not a business seller. You don’t need to apply for the business permit if it’s a hobby. But you surely need the business license once you are planning to make your business legalized and legitimate.

Who pays for Shipping on Etsy?

Apart from the business license, many sellers also face doubts regarding how who pays for shipping on Etsy. So, I am going to cover that part along with the business license details I gave previously. Etsy has a detailed shipping policy which is available on their website. Irrespective of that, here is some essential information regarding the shipping details.

The buyer pays for the shipping charge, no doubt in that. Many buyers only look for free shipping products so that they don’t have to pay for the extra costs which come for the product. Along with the buyer, the seller also has to pay a certain amount to Etsy for the transaction and the shipping of the product. If you charge a shipping fee for the products you sell on your store, you will find a shipping transaction fee. Even if you ship the product for free, you need to pay a certain percentage as the transaction fee. The transaction fee is compulsory for the seller. It doesn’t matter if you are charging the buyer for the shipping transaction or not; you need to pay 5% of the transaction cost anyway. If you charge the shipping fee, you need to pay 5% of the shipping transaction cost and 5% of the transaction cost. This is Etsy’s policy, and it is given in a detailed manner on their personalized website.

The only profitable way to sell your products is to divide the shipping transaction between you and your buyer. If you try to make the buyer pay most of the shipping transaction cost, they might not end up ordering your product even after liking it. Many buyers remove the products from the cart once they see the shipping charge more than usual. It’s better to divide the shipping transaction cost and not let one party pay the entire or the higher amount, neither the seller nor the buyer. Also, it would not be profitable if you end up selling the product, free of any shipping charge. You would end up paying the shipping transaction cost on your own, which might turn out to be a loss on your part. You need to calculate the entire cost and divide it skilfully to make the product look pocket friendly for the buyer and profitable for the seller.

You may need to go through the policy guidelines available on the Etsy website to get a detailed idea regarding the shipping transaction cost and the transaction cost and calculate what makes it profitable for you and lucrative for the buyer. Once you are in the midway, you might become satisfied with the profit you would be making even after you pay 5% of the transaction cost and 5% of the shipping transaction cost. But keep in mind that many sellers opt for free shipping so that buyers find the product more lucrative and end up buying more. You need to decide wisely how to move forward with the shipping cost. Rest assured, the buyer is the one who pays for the major part of the shipping cost.

Best Business Schools in New York

Want to find about the best business schools in New York? Then, this is the right place for you. Who doesn’t dream about living in the bustling city of New York? Wouldn’t it be amazing to achieve your dream by studying at one of the best business schools in New York? Let’s find out the top ten business schools that offer excellent programs and incredible faculty.

List of Business Schools in New York

Columbia Business School

One of the most prestigious universities in New York, Columbia University, has its business school. The Columbia Business School has an excellent MBA program, and they have several specializations too. The tuition fees for the full-time MBA course is $154,752. The duration of the course is 24 months. You need to have an average GMAT score of around 727.

The programs offered here are:

Full-Time MBA
Executive MBA

NYU Stern School of Business

New York University is one of the most popular universities in the whole world. They have their business school, the NYU Stern School of Business, the ultimate placement hub of top-notch firms and companies. The tuition fees for the full-time MBA course is $148,368. The duration of the course is 24 months.

The full-time programs offered are as follows:

MBA
Fashion & Luxury MBA
Tech MBA

The part-time programs offered here are as follows:

Part-time MBA Manhattan
Part-time MBA Westchester

Samuel Curtis Johnson Graduate School of Management

Cornell University has its school of management, the Samuel Curtis Johnson Graduate School of Management. They offer a variety of unique programs and one of a kind.

The programs offered here are:

Two-Year MBA
One-Year MBA
Cornell Tech MBA
Cornell Executive MBA Metro NY
Executive MBA Americas

Simon Graduate School of Business Administration

The Simon Graduate School of Business Administration, which is under the University of Rochester, is known for its excellent curriculum. They have different programs for the students to choose from. The tuition fees for the Full-Time MBA course is $94,000. The duration of the course is 22 months.

The programs offered here are:

Full-Time MBA
One-Year MBA
Accelerated MBA
Professional MBA
Accelerated Professional MBA
Executive MBA

Whitman School of Management

The Whitman School of Management, which is under Syracuse University, is known for its placement cell. The students get job offers from different industries, after completion of their degrees. The programs offered here are:

Full-Time MBA
Online MBA

School of Management at the University of Buffalo

The University of Buffalo is known for being one of the best state universities in New York. Apart from that, they also charge fewer tuition fees, in comparison to other universities.

The programs offered here are:

Full-Time MBA
Professional MBA
Executive MBA

Gabelli School of Business

The Gabelli School of Business, which is under Fordham University, is famous amongst students for its considerably lesser tuition fees. The Full-Time MBA offered here costs around $100,750. The duration of the course is 24 months. You need an average GMAT score of 659 to get through.

The programs offered here are:

Full-Time MBA
Professional MBA
Executive MBA

Frank G. Zarb School of Business

Hofstra University has its business school, the Frank G. Zarb School of Business. The business school offers various kinds of programs for the students to choose from. The tuition fees for the Full-time MBA program is $54, 644. The duration of the course is 24 months.

The programs offered here are:

Full-Time MBA
Flex MBA
Hybrid MBA in Manhattan
Executive MBA
Online MBA

Zicklin School of Business

The Zicklin School of Business is a part of the Baruch College, which is under the City University of New York. The tuition fee is quite pocket-friendly for the students who are looking for cheaper universities in New York.

The programs offered here are:

Full-Time MBA
One-Year MBA
Evening MBA
Executive MBA
Executive MBA in Healthcare Administration

State University of New York

The State University of New York, which is under Binghamton University, offers quite diverse business programs. The Full-Time MBA program offered here costs around $41,418. The duration of the course is 12 months.

The programs offered here are:

Full-Time MBA
Harpur Fast Track MBA
Watson Fast Track MBA
Management Fast Track MBA
Professional MBA – NYC
Part-Time MBA

Most of the universities mentioned above also offer quite a several dual degrees along with the MBA programs. If you want to choose another degree, such as an MD or a degree of Nursing, you can always avail of the MBA Dual Degree program. You would get several options to choose from, and you can also pursue two degrees at the same time. All you need to do now is to go through the eligibility criteria and apply to the programs you find perfect.

TRAINING IN MANAGEMENT

Training is the process of helping employees to acquire more knowledge of the job and to learn or sharpen the needed skills, attitudes and values associated with the efficient performance of their job and new employees, as also existing employees, often need training as a means of their progress in their jobs and careers and it is an important element of the staffing function and many organizations make formal or informal arrangements for providing training to their managerial and non-managerial personnel. Training is practical education and it is a technique that brings out the hidden abilities in a person and teaches him to use his skills effectively. Training is an art and the trainer selects the best methods for training, keeping because of the requirements of the job and the ability of the concerned persons. Training is an activity which changes the outlook and behavior of persons and training may be understood as the practice of theoretical knowledge and the importance of training is well-recognized all over the world but the methods of training may vary from job to job and from industry to industry and typically, a separate training department under the charge of an expert in training techniques is established for the purpose. As Dale Yoder said, “Training is the process by which manpower is filled for the particular jobs it is to perform”.

METHODS OD TRAINING

1. On-the-job Method

On-the-jib methods are the methods that are applied, while the employee is working and it means Learning while doing and training is provided by superiors to subordinates and it is economical and less time consuming and it is used where jobs are simple, as in case of plumbers and motor mechanics.

a. Apprenticeship Programme

Under this method, trainees are apprentices and they work under the direct supervision of the experts, who guide and help them in learning the job.

b. Internship Training

In this method, professional institutes enter into arrangements with big business enterprises and send their students to these industrial enterprises to gain practical work experience.

c. Job Rotations

It is shifting the trainees from one department to another department or from one job position to another job position.

d. Induction Training

It is training to help a new employee to settle down quickly into the job by becoming familiar with fellow workers the job and its environment including other people and machines in the business.

2. Off-the-Job Methods

Off-the-road jobs methods are used away from the place of work and it means Learning before doing and it is provided by experts either from within or from outside the organization and it is more expensive and more time consuming than on-the-job and it is used where jobs are complex involving the use of sophisticated machinery.

a. Vestibule training

Under this method, training is given in a classroom and where the actual work environment is stimulated, a supplicate model of the workshop is prepared and instead of using original equipment, employees are trained on the dummy models.

b. Programming Instruction

The total information amount the job is broken into meaningful small units and are arranged in a logical sequence from simple to complex and the trainee goes through these units one by one by answering questions or by filling the blanks.

How Tik-Tok changed the World!!!

2020 has been a year of chaos, uncertainty and grief. A global pandemic, record unemployment and nationwide protests have left people reeling. Through it all though, there’s been TikTok, providing moments of levity and new dance crazes, interspersed with more serious commentary on the issues that we face.

TikTok, it’s like the party you want to be at, a t the moment. You’ll see hair tutorials, cooking tutorials. People can create challenges, they can create duets, they can interact, they can engage. TikTok is the most downloaded app of 2020. Since its global release less than two years ago, TikTok and its Chinese counterpart, Douyin, have amassed 800 million monthly active users, more than Reddit, Snapchat or Twitter. Its parent company, ByteDance, is the most valuable startup in the world. Its reach might surprise you unless you’re a member of Gen Z or the parent of one. But as millions scramble for connection amidst quarantines, more and more users of all ages are hopping aboard.

The Chinese-owned app faces a slew of regulatory hurdles, privacy concerns and allegations of censorship. Amidst these struggles, it’s brought in a new CEO. This guy is Kevin Mayer. Formerly the Head of Streaming at Disney. That’s basically what Kevin Mayer’s first priority needs to be, is to make sure that Americans trust TikTok. In the end of the day , t hat may prove complicated. But in the short term, it hasn’t prevented tens of thousands of new users from signing up. The predecessor to TikTok was an app called Musical.ly. Founded in 2014, it provided a platform for users to create short, 15 second videos set to a song of their choice. The content mostly involved lip-syncing and dancing, and it took off quickly among preteens and teenagers within the U.S. This is an app that was built around the fact that there was music that was licensed to be used on this app. This was something that Musical.ly decided really to invest in, because they knew that music and sharing music was inherently social.

In July 2015, a year after its launch, Musical.ly reached number one in the iTunes app store. It continued to grow and was bought by the Beijing-based startup ByteDance for one billion dollars in 2017. ByteDance already owned Tik Tok, a similar video sharing platform, and merged the two apps less than a year later. Now TikTok’s main office is in Los Angeles, California. They’re essentially an American startup that is subsidized by a successful Chinese tech company. As the app has grown, it’s given rise to a whole new pack of social media celebrities. Content is public by default TikTok, and therefore the algorithm that determines what appears on a user’s home page gives every creator the prospect to place their video in front of millions. Really what we saw was a different style of humor. It wasn’t the sketches that you saw on Vine, and it wasn’t longer-form YouTube videos. It was meme culture or like the general public’s take on a meme. What I enjoyed about it is there was some deeper humor in there if you were paying attention to the trends that were happening.
On TikTok, King uses creative video editing to make it look like he’s performing magic tricks, a skill which has earned him over 44 million followers, the second most on the app as of June 2020. But at 30, King represents the rare millennial that’s broken into TikTok’s top ranks. Many of the most followed users are in their teens, and lip syncing and dancing remain wildly popular. So I originally started when I was 14 years old, and so I started using my facial expressions and hand motions to make these like larger than life lip sync videos. And as I grew up, I think the app also grew up. Now there’s so much more that you can do. While Martin has found her niche with dancing and lifestyle content, she says there’s something out there for everyone. There’s like creators who are huge when it comes to comedy, some still do lip syncing, some cooking videos, tutorials. You can do whatever you want as long as it’s fun, it’s quick and it catches people’s eye. Stay at home orders have propelled the app’s rapid growth in the United States. The U.S. is third in terms of downloads and second in terms of revenue, and its influence continues to grow.
Viral dances and memes have propelled a number of songs to the top of the U.S. charts, most famously, Old Town Road in 2019 . And now the moms, dads and siblings of the TikTok o bsessed have began to get in on the trends also , learning dances and performing challenges together. You’re still laughing at them, but actually the fact that parents are getting on it, I mean they needed that demo so badly to even make it to this level that they’re at now. In order to build out a sustainable revenue model, e xperts say that TikTok eventually needs to attract older users. Advertisers are going after broader demographics and especially those with purchasing power. TikTok claims that all American user’s data is stored within the U.S. and is not subject to Chinese law, many security experts remain skeptical. Similar concerns exists in India, where data protection laws are weaker and thus citizens are more vulnerable. Regulators are going to be very weary of that separation. Most recently, the app received criticism for what it said was a technical glitch, in which post tagged with #BlackLivesMatter and #GeorgeFloyd appeared to have zero views when they actually have over two billion. And in the past, both India and Indonesia have instituted brief bans on the app due to concerns over inappropriate content like violence and pornography. Lastly, there are ongoing issues regarding children’s privacy.

Experts say that TikTok’s long-term prospects depend upon its ability to keep users engaged while building out a sustainable monetization strategy. YouTube could be seen as a model in the way that YouTube shares advertising revenue with its content creators. Mayer’s background in streaming services also has both analysts and creators excited about what new forms of content may lie on the horizon. I have been begging TikTok to get into the streaming game. People have speculated that TikTok might get involved in original programming. To make TikTok sustainable, you’re going to have to do long-form content. I don’t see a version where you make 60 second videos forever and it stays cool for another two to three years. King also says TikTok’s live-streaming feature has room to grow. It’s super popular in China, but hasn’t yet taken off in the U.S. I think what’s next for TikTok is how they figure out how to make money, how they figure out how to create a home for advertisers, and how they make sure that content creators themselves want to stick around and don’t want to go jump off to whatever the next cool app is going to be.

SELECTION

Selection is the process of choosing the most suitable candidates from applicants for the various jobs and it follows the recruitment and much information has to be obtained, from the prospective candidates to facilitate the selection process and it is then analyzed and evaluated and the information relates to the qualifications, work experience, age, levels of skills and other accomplishments, family background, aptitudes and interests, physical and mental fitness and so on. The enterprise has to choose the best and the most promising persons from among the applicants and in this sense, it may be said that while recruitment is a positive function, in that it seeks to induce as many persons as possible to apply for a job in the enterprise, the selection is a negative function because it aims at eliminating or weeding out those applicants who are not found suitable in one respect or the other. Thus, the selection is the process of securing relevant information about an applicant to evaluate his qualifications, experience, and other qualities to match these with the requirements of a job, and it essentially a process of picking out the man or men best suited for the organization’s requirements. According to Dale Yoder “Selection is the process in which candidates for employment, are divided into two classes-those who are to be offered employment and those who are not”.

SIGNIFICANCE OF SELECTION

Hiring of employees is an important function of the personnel department and this function must be performed careful because errors committed at the time of selection may prove to very costly and of selection process is faulty, absenteeism will be too high and the rate of labour turnover will also be higher and whenever unsuitable candidates are hired, the efficiency of the organization will go down and such persons will shrink work and will be absent themselves from the work more often and in many cases unsuitable employees have to leave their jobs and this will lead to waste of time, energy and money in hiring such employees and the training cost incurred on them will also go waste and proper selection and placement of personnel go a long way towards building up a suitable workforce and it will keep the rates of absenteeism and labour turnover low and will increase the morale of the employees and if the employees are quite suitable according to the requirements of the jobs, they will show higher efficiency and will enable the organization to achieve its objectives effectively. Recruitment and selection are two separate functions that usually go together and recruitment aims at stimulating and attracting job applications for positions in the organization, while selection consists of choosing among the applicants, to choose those, most suited to the job requirements, keeping in view the job analysis information. Recruitment is simple and candidates are not required to cross several hurdles whereas the selection process is complex and consists of many hurdles created by the management internally and Recruitment initiates the procurement aspect of personnel management whereas the selection completes the procurement aspect of personnel management.

MANAGEMENT

Management is not only a term but a whole process of getting things done more effectively. In managing things, we aim to achieve our goals more effectively and efficiently. Management is very essential for all the organizations, whether small or big, profit or non-profit. Every type of organization requires management in achieving their goals more successfully. Lack of management makes the things confusing and thus company may fall or lack as compared to other companies of their competition. Management is a group or team work and cannot be actually achieved by a single individual.
Management has several advantages and importance in an organization such as –
• It actually helps in achieving group or team goals.
• It helps in increasing efficiency of work.
• It actually creates a dynamic organization.
• Despite of group, it also helps in achieving the personal goals or it can be said that it develops the personality of the individual.
• It also helps in the development of the society by the interaction of different people.
The complete definition of the management contains 3 essential terms –

PROCESS i.e. management is a process requiring planning, organizing, staffing, directing, and controlling.
EFFECTIVELY i.e. managing the task helps us complete the task more effectively and better than before.
EFFICIENCY i.e. management increases the benefits and profits by the tasks than before.

CHARACTERISTICS OF MANAGEMENT

Management is a goal oriented process i.e. it does not go just like that. It is actually a goal oriented process. These goals are decided and stated before starting any project and there is no doubt in the fact that management helps us achieving our goals more efficiently and better than before.
Management is all pervasive i.e. it has been observed and meant that management is a universal concept all types of organization, whether small or big, profit or non-profit has to apply some management rules to improve their organization’s standards.
Management is multi-dimensional i.e. it is a kind of complex activity. It can be more understood by saying that a lot of things need to be managed in order to rum an organization. Management of work, people, and operations are the three main dimensions which need to be managed for effective working.
Management is a continuous process i.e. it never stops. It is an ongoing process. It requires constantly solving the issues faced by the organization by managing its dimensions.
Management is a group activity i.e. it is not the work of a single person rather it requires a group or team. Every member of the team has to work very effectively for the good results of the operation they are performing.
Management is a dynamic function i.e. management allows the organization to better interact with the surrounding environment and to build better relations with other organizations so that they can help in need.
Management is an intangible force i.e. it cannot be seen but its effect can be felt and seen in the betterment of the organization. The company works more happily, employees are more energetic when each and every work of the organization is managed properly.

Why investing in Real Estate is profitable, especially now?

Amidst the recent worldwide pandemic, which has resulted in massive financial loss, for not only start-ups but also leading business companies, here is one correct way to gain profit. That is by investing in real estate. Yes, you heard it right! Real estate is one of the safest investment options during the horrible pandemic situation. In this present scenario, the prices of real estate and loan interest rates have fallen rapidly. As the rates have decreased, don’t you think this would be the exact time to invest in properties? Moreover, it has become immensely convenient to get a loan at the present moment.

With the sudden change of scenario, due to COVID-19, the rate of interest on home loans has decreased considerably. Along with the cheaper interest rates, investing in real estate would inevitably bring security to the owner. Nowadays, it is best to own a house rather than rent a place. Also, the best part of investing in real estate is gaining a property of one’s own. With security, one increases stability, and hence, buying a property would inevitably bring balance in your life. Once you invest in real estate, with time, the value of property increases. If you plan on starting up your own business or even become a landlord, here is only profit for you. One-time investment, that too in less amount, can turn out to be very profitable.

Now, you might think, why is this the ideal time to invest in real estate? Though real estate has always been profitable. But, recently, mortgage rates have decreased, which has led to an increase in investors. Now, once you plan on investing, you will find an impressive percentage of good deals available in the market. With the pandemic’s presence, property choices have increased a great deal, so this is the exact time for you to choose the property you wish to invest in to gain profit.

There are many leading agencies that look after the client’s needs and brings an excellent deal to the investors once the loan is approved. The present market scenario offers many choices to the client, a unique opportunity if you plan on investing. Therefore, if you invest in real estate now, you would have to pay a much lesser amount compared to earlier times. Along with it, you would get high returns once you sell the property in the future. Besides, if you are planning on putting the property on rent, that would turn out to be as profitable as selling it. Once you rent the property, this becomes one of the simplest ways to earn a considerable amount of money every month.

To conclude, real estate is a long-term investment. Even if you are investing at a time of crisis, this is going to become profitable even in the post-pandemic situation. You would experience a steady flow of income throughout. Hence, less investment today can bring high returns tomorrow. So, you should take a step toward investing in real estate.

Are products really ‘Made In China’ ???

Made in China. We’ve become accustomed to seeing the label on products manufactured in the world’s second biggest economy. But buying one of these products in China instead of say, the U.S., doesn’t guarantee you’re getting a better price. Chinese tourists have built a reputation for being big spenders abroad, spending a whopping $277 billion in 2018, much more than any other nationality. A lot of times, people think that purchasing something in China will be inexpensive, but that isn’t always the case. So how much of a difference are we talking? If we bring four products from four popular western brands to compare. Starbucks, H&M, Adidas store, a Godiva store. To keep things consistent, we will be using 2019’s average foreign exchange rate. The products compared are:

A standard black t-shirt at H&M.
Starbucks Grande Cappuccino.
Godiva Chocolates.
An Adidas hat.

Now let’s compare:

The shirt at H&M is priced nearly the same in the U.S. and China.
A Grande Starbucks cappuccino will cost you $4.63 in Beijing, but in Los Angles, California, $3.95.
This case of Godiva chocolates, called Pearls, is priced at $7.24 in Beijing, but only $3.95 in LA.
The Adidas hat will set you back $42.27 in China, nearly double the price of a similar hat in the U.S.

This experiment has made clear that pricing are complicated. So much so, that websites have popped up like the Mac Index, a site that compares Apple product prices from around the world. So many ads for Apple here in this area. According to an analysis done by Tech Insights, the cost to make an Apple iPhone 11 Pro is $490.50. Yet according to The Mac Index, the price to buy one is $1,318 in Japan, $1,477 in the U.S., $1,658 in Mainland China and more than $2,000 in Turkey and Peru. Prices vary across countries due to factors like demand, tariffs and tax refunds. And then there’s the supply chain: the network of people, organizations, activities, information and resources involved in the creation of a product.

close up of camera over black background — Photo by ATC Comm Photo on Pexels.com

Apple’s current CEO Tim Cook is considered by some to be a mastermind in supply chain. He first joined Apple in 1998 with a mandate to clean up the company’s manufacturing and distribution. Over time, he closed factories and warehouses, instead opting for contract manufacturers in China. That’s great for Apple’s profit margins, but it’s certainly not praised by President Trump, who has asked Apple to make its products in the U.S. If, say, iPhone production was moved to the U.S., instead of China, different analyses show the price for the consumer could go up from anywhere from $30 or $40 to hundreds of dollars to even $30,000-100,000. That’s partially why, despite Apple pledging to invest more money in American manufacturing, it maintains China as its hub for making its gadgets.

american and chinese flags and usa dollars — Photo by Karolina Grabowska on Pexels.com

That’s Omar Slim, a senior portfolio manager at global asset manager, PineBridge. When you hear about made in this country or that country is really quite relative and it’s a simplification of things because it’s most likely made in a number of countries. Here’s an example. Let’s say we want to make lasagna for dinner. If Jeff cooks the ground beef and prepares the cheese, Sarah makes the tomato sauce and layers the ingredients into a pan; and Blair, who bought all the ingredients, puts it in the oven, who gets the credit for making the lasagna? Now, let’s apply that to Apple’s iPhone. While the phone might say ‘Made in China,’ some of its parts come from other parts of Asia, Europe and even the U.S. Even though an iPhone may be assembled in China, it’s still tariffed in China as a U.S. product because Apple is an American company. The brand makes that clear with by, ‘Designed by Apple in California. How they’re treated in terms of customs, they will be treated as a U.S. product. So regardless of where they come, it’s essentially a U.S. product. Same for Chinese products going into the U.S. and same for, for instance, European cars.

China became a popular manufacturing hub in the 1980s after it started to open to the world. It became known for its cheap labor costs, lax regulations and business-friendly environment. As China’s manufacturing sector grew, it took the crown from Germany as the world’s top exporter in 2010. While Made in China has become synonymous with cheap and low-quality products, China is hoping to change that. In 2015, it launched a Made in China 2025 initiative, which aims to shift its economy from low-end manufacturing to high-end, high-tech products. In 2017, Tim Cook said China lost its place as a low labor cost manufacturing nation many years ago. The U.S.-China trade war resulted in a tit-for-tat increase in tariffs on many products.

With increasing costs being passed on to consumers, many companies are looking to diversify their supply chain, instead of being so reliant on China. That sentiment has only grown, following the coronavirus pandemic’s hit on the global manufacturing industry. Along that supply chain, there will be some companies, that instead of manufacturing it in China, if they could, they could try to replace. In fact, companies including Apple, Microsoft and Google are reportedly looking into moving some of their hardware production from China to Vietnam or Thailand. But that might be harder than it sounds. The other countries will have a hard time to compete along with the fact that the infrastructure is shown that it’s quite good, along with the fact that in certain countries would not want to compromise the relationship with China.

The reality today is that a product likely has many components which are sourced globally. A phone may be designed in the U.S, but its screen is sourced from South Korea, the sensors and microchips may be from Taiwan or Germany, with its assembly in China. So, the next time you see a product with the words, “Made in China,” remember that the full story is seldom pure, and never simple.

How Starbucks captured the coffee & the world…!!!

With nearly 30,000 cafes across the world , Starbucks has become over just a household name. From its iconic cups, often adorned with misspelled names, to the espresso inside them, Starbucks has catapulted from one coffee bean shop in Seattle to a sprawling $80 billion business over the last 47 years.

Starbucks sales account for 57 percent of the total cafe market. Yes, 57 percent, nearly two-thirds of all coffee sold at cafes in the U.S. comes from a Starbucks. But this impressive expansion hasn’t come without growing pains. With more than 14,000 locations in the U.S. alone, Starbucks has spread itself too thin. Having too many stores has led to fewer transactions at individual stores. To compensate, the company has raised prices. But doing this too quickly or too often can drive customers away. So how did this happen? And what’s a coffee giant to do about it? The year is 1970.
Three college friends, Zev Siegl, Jerry Baldwin and Gordon Bowker decide to get into the coffee business. They found a mentor in Alfred Peet, founder of Peet’s Coffee and the man responsible for bringing custom coffee roasting to the U.S. He knew the coffee industry inside and out, especially the gourmet end. He was the most educated coffee guy in the country at that time. So with Peet’s help, the three friends open Starbucks, a coffee bean shop and roastery at Seattle’s famous Pike Place Market in 1971. Peet provided the young entrepreneurs with roasted coffee beans and connected them with coffee brokers until they could set up their own roastery and source their own beans. For the first decade, the founders opened five more locations in Seattle. At this point, contemporary coffee consumers might have noticed a glaring absence: actual coffee drinks. But that’s the thing about the 70s coffee culture: it didn’t really exist outside the home. There were no coffee bars nor was there much of a requirement for espresso-based drinks. You purchased coffee beans and you either took them home as beans or we ground them for you in the store. Nobody expected to urge a beverage at a Starbucks coffee store until after 1980.

Starbucks’ initial focus was bringing high quality beans to consumers who were more accustomed to instant or canned coffee, but that changed with the addition of one man. The company hired its first really professional Director of Marketing and Sales, and that man was Howard Schultz. And he couldn’t figure out why we weren’t selling beverages. In 1983, Schultz travels to Italy and returns with an idea: turn the coffee bean stores into cafes. Starbucks served its first latte the next year. The experiment was a success, and four years later, Schultz partnered with investors and bought Starbucks for $3.8 million. He was only 34 at the time. Schultz pursued a strategy of aggressive expansion. By the time the company went public in 1992, it had 165 stores, in 1996 it had opened more than a thousand locations, including its first international cafes in Japan and Singapore.
Growth was so rapid that, just three years later, Starbucks opened its 2,000th location. Schultz switched from CEO to Executive Chairman in 2000, at which era Starbucks operated 3,500 stores in additional than a dozen countries. Between 2000 and 2007, the number of Starbucks cafes more than quadrupled, from 3,500 to over 15,000. During this era , the corporate opened a mean of 1,500 stores per annum , including 2,500 in 2007 alone. Sales shot up from $2 billion to $9.4 billion. Consumers were increasingly ditching their kitchen mugs for these iconic paper to-go cups. But then, Starbucks hit a wall: the 2007 financial crash. That year, its rapid growth screeched to a halt and its stock price plummeted by 50 percent as cash-strapped consumers backed away from pricey coffee habits. So, Starbucks brought back Howard Schultz. This news alone caused Starbucks stock to increase by 9 percent.

Schultz halted growth and focused on customer experience. He shuttered cafes – more than 600 in 2008 and another 300 in 2009 – and laid off around 6,700 baristas. A month after his return, Schultz ordered Starbucks to shut all of its U.S. locations for one afternoon so he could retrain more than 135,000 baristas about how to make its signature espresso. Schultz’s goal was to remind customers what they loved about the brand by making the stores an experience, not just a place to get a quick coffee. They stopped selling breakfast sandwiches and brought back in-house grinding, infusing the cafes once again with that fresh coffee aroma. Schultz even mandated the removal of automatic espresso machines. These made service faster, but removed much of the romance and theatre of watching baristas craft each cup of coffee. Schultz’s makeover worked.

The company’s stock soared more than 143 percent in 2009 and same-store sales rebounded. Starbucks has posted positive same-store sales ever since. During Schultz’s makeover of the cafes, Starbucks barely opened any new stores. But the pace picked up again in 2012. By 2017, Starbucks opened nearly 3,000 more locations, ending the year with 28,000 cafes round the world. However, this brings us back to the first problem: profit cannibalization. Over-saturation, particularly in urban locations, has spread sales thin. Because Starbucks has numerous locations, customers do not have to be loyal to only one. So albeit Starbucks overall sales are growing, its individual same-store sales won’t reflect it. Compounding this problem are changing consumer preferences. People are shying away from sugar-laden calorie bombs. which happens to be one of Starbucks’ staples. These signature Frappuccinos contain an average of 57 grams of sugar. That’s more than double the recommended daily limit of sugar. So, to combat these problems, Starbucks is changing once more . The company announced the closure of 150 stores in 2019. That may seem like a drop in the bucket for a sprawling company like Starbucks.

The company’s biggest undertaking is its new line of upscale stores: Starbucks Reserve Roasteries. These massive, 20,000-square foot stores are designed to be a tourist destination. Here, Starbucks baristas and bartenders’ experiment with different brewing methods and craft new, innovative beverages. These have proven popular. In the first weeks, the Shanghai Roastery made an average of $64,000 every day, which is double what a regular cafe makes in a week.

STAFFING

Staffing may be defined as the managerial function of employing and developing human resources for carrying out the various managerial and non-managerial activities in an organization. The function is concerned with attracting, acquiring and activating the human resources for achieving organizational goals and staffing also involves upgrading the quality and usefulness of members of the organization with a view to getting higher performance from them and in other words the policy of selecting ‘right man for the right job’ should be adopted. The staffing function includes such activities as manpower or human resource planning, recruitment, selection, placement, training and development, remuneration, performance appraisal, promotion, transfers, and so on. Staffing is a continuous function of managers and this is because the organization’s need to retain and maintain its personnel is a need ending process and managers have to keep a regular watch on the size and composition of personnel needed by the organization. As said by Weihrich and Koontz “The managerial function of staffing involves the filling and keeping filled, positions in the organizational structure”.

NATURE OF STAFFING

Staffing is related to people not with goods and it is a human factor related to people and staffing is also influenced by the social, economical, political, and educational environment of the country. Speaking, staffing is a function of far-reaching consequences and the reason is that managers are not shown as an asset in the balance-sheet of the organization whatsoever money we may have to spend on their selection, education, training and development and hence, we may conclude that staffing is a function of a for reaching consequences. According to Theo Haimann “Staffing is also a liability of the management like its other functions which is to be done by a manager continuously”. Recruitment, selection, training, and development of employees is a continuous process and with the increase in the size of the organization, continuity in staffing also increases. Staffing is influenced by the internal and external environment of the organization and the internal environment includes policies regarding promotion, retirement, etc., while the external environment includes the social, economic, political, and educational environment of the country and speaking both internal and external effect the staffing function.

In management selection, training, development, and evaluation of manpower are interlinked and hence convert staffing into a system and it is treated as a sub-system of management system because it is linked with organizational structure. Staffing is done not only to fulfill the present vacancies but also to fulfill the future vacancies and here we have to forecast the number and type of vacancies in near future and the level of the educated and trained people required for fulfilling these vacancies and arrange for the fulfillment, education, and training for these vacancies in advance. Staffing is not a phase of organizing but a separate managerial function and staffing is the responsibility of the managers. Staffing helps in determining and securing qualified and capable personnel for various jobs and it places round pegs in round holes and square pegs in square holes and it aims at economical and better employee performance.

The Power of ATTITUDE💪 – Lion & Eagle

There are only two animals on the planet that the creator identified himself with the first one is the eagle and the second animal is the lion and when we study these two animals because if he is the leader of the universe and we want to be a leader on earth we need to better find out the nature of these animals and also the up attitude of those animals.

If we discover that both of them are the kings of their domain the Eagle is the king of the bird Kingdom and the lion is the king of the animal kingdom but let’s talk a little bit about the lion, the lion has the spirit of leadership and this word spirit here is referring to attitude everybody’s attitude a leader has attitude that makes him or her different from followers now the lion is the king of the jungle but the lion to is a great source of encouragement to all of us. I want you to write down this down remember this as long as you reside favorite the lion isn’t the tallest animal within the jungle number two the lion is not the largest animal in the jungle number three the lion is not the heaviest animal in the jungle number four the alliant is not the smartest animal or the foremost intelligent animal within the jungle and yet when he shows up all of them run away.

It really brings home the purpose a military of sheep led by a lion will always defeat a military of lions led by a sheep and therefore the answers thereto dilemma is that this because leadership can transform cowards into violent warriors the proper quite leadership can transform a timid into bold people that are fellows leadership is that powerful leadership can walk into a camp of depressed people on in 20 minutes. They are turned on into unbelievable powerful armies because leadership determines everything the lion is that the king of the jungle due to one-word attitude.

Lion features a different attitude that creates every animal scared of him now we do not want to steer by fear but it does take respect for you to become a leader once I use the word fear within the jungle we’re talking about respect the elephant respects the lion the hyenas respect the lion they the giraffes they respect the life what makes these massive animals respect such a small cap the attitude is the difference for example, a lion will see an elephant and the thing that counts with mine one word lunch I could eat this thing and he acts the way he thinks now here’s another amazing mystery the elephant is larger, bigger, stronger, more powerful, heavier and more intelligent and yet when the elephant sees the lion one word involves mind eater attitude may be a product of belief you can’t have an attitude beyond your belief so your attitude comes from your belief system the lion is that the king due to what he believes about himself.

INTERVIEW ADVICE Self Introduction for Job Interview

Self-introduction actually matters a lot across every industry- from politics, medical, education, real estate, to the healthcare industry. There is an endless number of studies and researches that prove this fact to be true. Whenever you meet a new person, you just have few seconds to either impress him or let him go!

Let’s take an example!

Joseph has come up for his very first interview after completing his graduation. He is well dressed in a carefully chosen formal suit, fully prepared with all the questions he’s expecting in the interview and waiting in the reception area to get a call for his turn.

Well, let me ask you a question here.

Is that all it takes to crack an interview? Are you prepared for the first question the interviewer is going to ask?

Yes, I am talking about the self-introduction part.

The misconception about self-introduction is that job seekers find this question as the easiest one, but actually it’s not. The majority of the candidates never prepare for this part, and during this question, they just say- Hi, My name is Nick….and then hope for the interviewer to take over.

Let’s be honest here!

This is not the approach that can help you get the job you have been dreaming of.

In this blog, we’ll discuss the basic things about the ‘Self Introduction’ part that every job seeker must know to grab the desirable job. Let’s get started!

What to include in the self-introduction

Self-introduction seems to be an obvious question, and nobody makes efforts on this part. But don’t forget that this part will either make or break the hiring decision. You need to invest good time and effort while planning this part. You must understand the interviewer’s intention behind this question and answer accordingly. Here I am listing a few things you need to include in the self-introduction for interview.

Who You Are? Start by greeting the interviewer with a smile on your face, introduce yourself by telling your name.

Where Are You From? You need to specify your native place and make sure you don’t drag it long. Explain in a brief one line only

Education Qualification: Once done with the formal introduction, now you need to mention your qualification details while telling the school and university’s name and location. Begin with the highest qualification, followed by under graduation, and then schooling.

Work Experience (freshers can skip this part): First of all, you need to tell the total experience you have, mention the current job and your role, briefly describe your responsibilities and things you are expert at.

Tips for improving the self-introduction part

Apart from adding the above things in your self-introduction part, you need to know a few tips that can make your self-introduction part an effective one. So, here you go!

Head held high with a smile on the face: No matter you are feeling nervous or not, you must have a smiling face. This signifies a good start of the interview. You must give a firm handshake and say ‘Hello’ to the interviewer.

Be prepared to give family details: Most of the recruiters ask the candidates about their family background and you need to be prepared for the answer in advance. Don’t hesitate, be comfortable and speak up freely.

Stay positive during the past experience part: While describing your past job experience, remember no matter how bad your experience was, you can’t negatively talk about the past employer. Because this will leave a negative impact on the interviewer and indicates unprofessional behavior.

Sharing hobbies and goals: Unlike in the past years, interviews have become interactive and comfortable than ever before. Candidates can freely mention their hobbies, aspirations, and goals to the interviewer. This will reflect your personality clearly.

Mistakes you can’t afford to make during a self-introduction

Keep the self-introduction part brief and concise, don’t make it lengthy. So, try avoiding irrelevant things that have nothing to do with the job role you have applied for.

Many job seekers even rehearse before giving an interview but still panic once they enter the interview cabin. You need to stay calm and have a smile on your face.

Stop being nervous, it’s just an interview. Talk openly with confidence.

If you aren’t confident enough about anything, don’t wander your eyes here and there. Maintain eye contact with the interviewer, it helps in making the conversation interactive.

Never badmouth your past employer or share any negative experience with any past co-workers.

Never interrupt in-between when the interviewer is speaking, start once he’s done.

Samples for Introducing Yourself in an Interview

Before you feel clueless when the interviewer asks you- ‘Tell me about yourself’, it’s high time that you have a few samples in your mind. So, I have listed a few effective samples of self-introduction for experienced candidates as well as freshers.

Self-Introduction Sample for a Fresher:

Of course, a fresher doesn’t have much to showcase in his resume, and the same goes for the self-introduction part. But you can do a lot more to make the self-introduction an effective thing. Here’s one such sample:

Good morning Sir/Madam, It’s a pleasure to introduce myself. My name is Jonas Smith born and brought up in Michigan. I have completed my schooling from Rochester Adams High School with 84% and presently pursuing my final year bachelor’s degree from Michigan State University. Coming to my strengths, I love taking challenges and turn them into opportunities. During failures, I learn a lot out in the future. My goal is to become a part of an organization that enables me to reach my true potential and develop in that field. That’s a brief about me, and thanks for this opportunity.

Let’s have a look at another self-introduction sample in which a fresher is aspiring to begin his career in teaching:

I am Robin, a graduate with no work experience yet. I completed my schooling from Brooklyn City School and now I am in the final year of B.ED. From my school time, I always dreamt of becoming a teacher. At times, I have even given home tuitions to school going kids and really had a great experience throughout. As of now, I am looking for an opportunity to join an institute or an educational center where I can polish my teaching skills.

Self-Introduction Sample for Experienced Job Seekers:

Experienced job seekers are from various industry segments, so I have listed a few industry-specific samples:

1) Self-Introduction sample for IT Professional

Good evening Sir/Madam

I am glad to be here for the interview.

I am Joseph, an engineering graduate from Hong Kong University. I graduated in the year 2013, and since then I have been working as a system administrator. I have worked upon various operating systems, troubleshooting, managing in-house servers, and so on. I always had an interest in exploring operating systems, and during my graduation, I had a good hold over managing PCs and windows of the college. As of now, I am looking forward to expanding my portfolio and enhance my technical skills as a senior system administrator.That’s a brief about me, and thanks for this opportunity.

2) Self-Introduction sample for Software Tester

Good evening Sir/Madam

I am Rihaan, an engineering graduate from Italy University. I graduated in 2012 and completed my internship program at HCL. Since then, I have been working as a Senior Software Tester. I have worked upon numerous software testing projects and have a stronghold over various software testing tools like Selenium, Cucumber, and so on. Presently, I am looking forward to joining a company where I get better opportunities in the software testing industry.

3) Self-Introduction sample for Sales Manager

Good evening Sir/Madam My name is Genelia. I am a graduate from Delhi University in the year 2011. I have worked in sales with Infosys for the last five years. At Infosys, I achieved notable growth over the past years and have successfully achieved challenging targets. My strong networking and relationship management skills have helped me achieve my goals on time. As of now, I am passionate to become a part of an organization where I can experience more growth opportunities.

4) Self-Introduction sample for a Medical Practitioner Morning Sir/Madam

I am Albert. I graduated from Carrington College, my major is clinical medicine. I live in San Jose and have been working as a Medical Practitioner since 2016. Being in the healthcare segment, I spend most of my time with the patients, understanding the ailments, symptoms and assisting them to get out of that ailment. I have carried out deep researches about many pharmaceutical products during my past internship programs. As of now, I am looking for a better growth opportunity where I can broaden my past experience and get better exposure.

5) Self-Introduction sample for a Business Analyst

Good Morning Sir/Madam

My name is Mathew. I have been a Business Analyst for the past five years and my domain expertise is in the retail banking and insurance segment, I have good exposure in numerous end-to-end development solutions and hold proficiency in diverse business phases. I have worked with enterprises with strategic development approach and also with ones that work upon other development methodologies like Waterfall, Agile, SDLC, and so on. I am comfortable working with the team and even complete the target single-handedly. As of now, I am seeking better growth opportunities as a Senior Business Analyst in your company.

Wrapping Up

Every job seeker is looking for something extraordinary in you. If you succeed in presenting that zeal to the interviewer, good for you; otherwise it’s time to put more focus on your resume and interview part. So, whenever you go for the next interview, keep the above points in mind, and rock the interview. This will definitely help to impress the recruiter, and you will get hired!Spread the love

Author: Arjun Singh

“Stop Worrying and Start Living” – Dale Carnegie – Book review

Dale Carnegie’s how to stop worrying and start living so the first big idea is ask yourself what’s the worst thing that can happen I remember the first year in college constantly worrying about my grades what was I getting to do if I got a B+ rather than an a well surely my life would be over and that i would never amount to anything in life like that was seriously the thought process browsing my 17 year old head now fast-forward five years.

How to Stop Worrying & Start Living
Carnegie tells a story of this guy in World War 2 who’s stuck in a submarine and basically knows that he’ll be dying in the next few hours and he sits there thinking about all the stuff he used to worry about at home and how absurd it was and makes a promise to never waste his life again like that if he survives now that might be hard to resonate with so let me give you a more contemporary example people are having their heads chopped off every single day every single day the only reason it’s not you is because you are born in a certain place. They weren’t that’s it now going back to my friend I told him look here’s what I want you to do every day you will start your morning by watching somebody’s head being chopped off and then you’ll go about the rest of the day.
He started freaking out about how he can’t do that and how he doesn’t like blood and whatever now here’s the thing. I know that’s really crass and morbid but I don’t care if you don’t worry about stuff great you don’t have to watch anything but if you’re worried about stupid all the time you have a disease so you either treat yourself or you never ask about how you can stop worrying again ever. Here’s what I will guarantee you if you start your day by watching someone else have their head chopped off nothing and I mean absolutely nothing could possibly happen to you for the rest of the day that you could get pissed off about and not feel like a complete retard yes when you’ve seen someone’s head chopped off you will have a weird feeling inside you as soon as you start to complain about how you deserve to be paid more at your job or what you’re going to do now since you bought a B+ rather than an A or how your washer is broken you’ll realize that.

automatic weapon bullet camouflage close up — Photo by Pixabay on Pexels.com

If the guy had been given the chance to live and wear that same dirty shirt for the rest of his life without ever being able to wash it he would have been the happiest man alive realize the absurdity of it all the third big idea staying busy now I don’t mean the average busy person actually those are the people that worry the foremost the guy who works 12-hour days then comes home and watches Fox all night worrying about whether some guy can marry another guy or about all the foreigners who will come and take his job you know because he’s the only one entitled to that job I’m not talking about that kind of busy here’s how I like to stay busy read a book that I like go to the gym with my girlfriend play around on the piano and compose cook amazing food work on a project. I’m passionate about now here’s what happens when you do that your brain can’t think of two things at one time it just doesn’t have that capability you can try right now if you want you can’t think of your broken washing machine and at the same time think of how much you love playing soccer it’s not how your brain works so the best way to get rid of the negative thoughts in your head is to actually start putting positive thoughts in there get busy with what you love and your brain simply won’t even have the power to stress . Finally, a question that really resonated with me here’s what you’re going to do in your life you’re going to work and worry your entire life so you can gather a bunch of stuff like your house and all the stupid.

woman working girl sitting — Photo by Alexander Dummer on Pexels.com

If you’re lucky after 50 years of all that worry and stress all of your stuff could be worth 1,000,000 dollars here’s the question would you sell your legs for a million dollars let me ask you this would you sell your legs for a billion dollars I wouldn’t and you probably wouldn’t either would you sell your arms for another billion dollars no there you go you have already got something that you simply value at two billion dollars actually hopefully more but you do not need to be all Zen you could be a greedy capitalist like me and understand this now here’s what you’re going to do you’re going to ignore and not utilize something worth two billion dollars because you’re too busy worrying and stressing about the things that might amount to 1 million dollars at the end of your life oh and you’ll be considered really lucky if that happens by the way all right.

cheerful barista in apron and hat with portafilter — Photo by Ketut Subiyanto on Pexels.com

So, I don’t know if you’re seeing how crazy that is but that’s kind of like having a huge mansion a personal jet every single car you ever wished for and not using and enjoying those things because you’re too worried about at some point having the ability to shop for a Corolla that’s crazy and sad you have already got everything that you value at billions and billions of dollars so stop ignoring wasting and treating it like for hours and days so you can worry and bitch about how your phone bill went up from a hundred dollars to a hundred and twenty.

You can buy this amazing book from here ( click here )

15 Books Bill Gates recommend – Must Read!!!

An average person reads 1.5 books per year while your average top CEO reads over 50 books per year they do this so they can maintain a competitive edge in the game and find new ideas that could improve both their lifestyles and companies this time we’re taking a look at the books multi billionaire Bill Gates thinks everyone should read because they had such an incredible impact on his own journey.

Here is list of all 15 books that must be read by you to get a better life style:

1, Where good Ideas come from :- Steven Johnson

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2, Life is what you make it :- Peter Buffet

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3, Tap dancing to work :- Carol Loomis

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4, Moonwalking with Einstein :- Joshua Foer

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5, The Man Who Fed the World :- Leon Hesser

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6, “The Sixth Extinction” by Elizabeth Kolbert

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7, Making the Modern World :- Vaclav Smil

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8, The Rosie Project :- Graeme Simsion

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9, Business Adventures: Twelve Classic Tales from the World of Wall Street :- John Brooks

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10, The Great Gatsby :- F. Scott Fitzgerald

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11, Outliers :- Malcolm Gladwell

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12, How to Lie With Statistics :- Darrell Huff

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13, The Box :- Marc Levinson

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14, How Not to Be Wrong :- Jordan Ellenberg

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15, Sapiens: A Brief History of Humankind :- Yuval Noah Harari

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STRUCTURE OF ORGANISING

The structure is the pattern in which various parts or components are integrated or interconnected and this prescribes the relationships among various activities and positions, as these positions are held by various persons, a structure is called the relationships among people in the organization and thus organization structure refers to the differentiation and integration of activities and authority, role and relationships in the organization. Differentiation is the differences in cognitive and emotional orientations among managers in different functional departments and differences in formal structure among these departments. Integration refers to the quality of the state of collaboration that is required to achieve unity of effort by the organization. The structure of an organization thus regulates, coordinates, and reduces uncertainty in the behaviour of people. According to Peter F. Drucker, “Organisation structure is the most important means as a structure wrongly build cannot assist in the promotion of the business”. Thus, the organisational structure is the lifeline of an organisation and this determines the mutual relationship of different persons working within an institution and clarifies the position of each person in it.

TYPES OF ORGANISATION

Creation of an appropriate structure is indispensable for any organisation and Organisation structure represents the hierarchical arrangement of various positions in the enterprise and it helps in allocating authority and responsibility formally and it also lays down the pattern of communication and coordination in the enterprise and As Kimball write, “ The problem of an organisation is to select and combine the efforts of men of proper characteristics to produce the desired results”. Although character and type of organization would depend largely on the size and nature of the enterprise, yet, there are certain patterns of organising the personnel in an organisation and the need of clear-cut authority/responsibility relationships has led to different forms of administrative organisation as follows:

1. Line Organisation

It represents a direct vertical relationship through which an activity flows from top to bottom throughout the organization and the quantum of authority is highest at the top and it reduces at each successive level down the hierarchy, every person in the organisation is in the direct chain of command. The line of authority not only becomes the avenue of command to operating personnel but also provides the channel of communication, coordination and accountability in the enterprise.

2. Line and Staff organization

Under the line and staff organization, the function of line is similar to its function under the line of organisation but some staff or experts are also appointed as advisors to the line officers. The functions of line officer are to take decisions, while the function of the staff officers is to advise them and these staff officers are experts in their respective fields and they offer their useful advice after analysing the problems presented by the line officers and in the way, the work of thinking and execution is done by different persons and this removes the chief defect of the line organisation and it can be adopted in case of large business enterprises. It is, however, important to make it clear that the line officers are not bound to accept the advice offered by the staff officers because the line officers alone are responsible for the outcome.

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TYPES OF ORGANISATION

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