A Woman of Faith and Business

What does it take to start a business and thrive? Capital? Many think of this as the beginning of business but very few has access to enough cash. In fact, this is the model of most micro-finance services. For without cash or financial capital how could a person get into business? Practically, both manufacturing and…

The Most Important Thing to Know When You Want to Get into Business

I have been writing about Management and Business Administration (MBA) since November last year (2015). My objective is to know and understand MBA and apply whatever useful knowledge I may create out of this journey deep into myself. To achieve my goal, I started digging into my knowledge, recollection of experiences and thoughts about the…

What is your understanding of business? REFLECTING ON BUSINESS

“I have seen the business that God has given to the children of man to be busy with.” Ecclesiastes 3:10 (ESV) At times, I think about what business God intends every person to be busy with. Seems to me that except for some with “special calling”, the rest of us have to choose from a…

Basic Business Model

I am creating an infographic about the core of business and this is what I came up with so far. Business is what transpires between at least two individuals; at the center of their transaction is value. One of them creates and the other agnizes; the consummation is in the exchange that takes place eventually….

Ask, and it will be given to you: ASK for an Enterprise

If the idea or thought can be clearly monetized or be profitable, then a business venture or enterprise may soon be born.     This is part three of the series, ASK for an Enterprise. So far, we have already covered the steps, “knock, and it will be opened to you”, and “seek, and you will…

Knock, and the door shall be opened: ASK for an Enterprise

Not everyone is aware, but there seems to be a door to bountiful ideas, thoughts and opportunities.     How do enterprises come into being? As one walks through a community and seeing a number of stores ranging from micro-scale businesses like the sari-sari stores to international giant enterprises like fast-food or shopping malls in commercial…

Marketing (Part 2): Basic Business Functions

3. Creating the opportunity for the market and the service or product encounter Getting the market informed about the products, and of course closing the sales, is a third challenge and until this happens, a business is not complete and cannot continue existing. Crucial as it may be and yet there are numerous blunders on…

Marketing (Part 1): Basic Business Functions

A very important business activity Without a market, and more specifically the customers, business cannot stay up. In fact, it is said that business actually exists for its customers. An idea, thought or opportunity has to meet the market or it will cease as a business. In another talk with the Consultant who READS management,…

Operations and Production: Basic Business Functions

Another dimension of business and considered a basic function is “production” and usually included in the discussions on business operations. Let us look into these concepts. In a broad sense, operations may refer to all of the activities of the business. In a narrow sense, it could refer to specific operations like the production of…

The Employees: Knowing and Understanding People in Business (Part 3)

As business grows or expands, more people get into the system – more hands in the production, distribution and other areas of the business. When are they necessary and what is their important contribution, if any? This may sound a no brainer but there are deeper  reasons and truth about it.   In the first…