Time mangement in Business-- Time Ticks.

Time is the factor that takes you across. The decision quick at times helps. The decision deferred at times facilitates. See the situation then decide.That be wisdom

The business will not wait. It has to go on and with speed as competitions are heavy.The sooner you catch the bird the better it is for you. If your competitor likes to sell a product for 10 dollars, offer a dollar less, or 50 cents less, clasp the market go ahead. Once your product goes haywire slowly hike the price. You are done. If yo had waited for an even price with your competitor you have to wait eternally. Another one would enter and gone are your produce and revenue.

Learn the market trend. Be watchful. Change according to the situation. Remember change is the only thing permanent. Always on watch should be your motivation.Care not others. hear not their talks. Concentrate on your efforts and on your production. Success is yours.

Pass on the baton to your successors.You would be hailed as leader. Jubilation

would be around.

You Would Be Blessed ------A gospel.

The Family business is all set to go with the ethics intact,.They being a balanced approach. with no favours en route.
 Go with a decided mind. Have a thought of not your family alone. Include all the families around. Do not behave like an individual when you are appointed as the manager. Think you are for the group. They depend upon you. Work for them. pay them. Keep them happy. You reach the goal.

If you step aside and look backwards, the path you have crossed you could see a beauty in it, a satisfaction permeates and you have set off the mark.Grand you are and the extended family would cherish you and would set you as an example for the incumbents.

let that be your achievement. The trust reposed on you should not go astray. Cherish your goal and smooth sail

your years of management. This is not a piece of advice to you. it is your gospel that I have pronounced so long and so forth. Follow them and you would be blessed.

The Growth Of Intrusions In Family Business

T

he family interference in the business leads to a crash. This has to be collectively restricted. Whoever it might be family interest in the business is permissible. Other than that the other ideas of personal inclinations that of keeping aside a portion of wealth, hiking the bills for the sake of a family, manipulating in the accounts should not be entertained.

if the interruptions are allowed then it would be a complete sweep. The management should be careful with such interceptions. preserving the ethics the definition that long eluded my thoughts, should be the motivation.

I have seen in various organizations that this spirit ids obnoxiously missing. The anomalies are overlooked initially.  They are only small abnormalities and could easily be neglected would be the feel of the management. True trivials should not affect the big decisions. But ignoring them would lead to their growth. Once they grow huge it would be not easy to uproot them. Restrict them at the primary stage so they would not turn cancerous .

With this in the mind the family business has to be managed .

The In -Laws Interference in Family Business.----- Indian Perception.

the family business is taking a long go. The negative elements confront me day in a day out.
 The jealousy the we find amongst the members would stifle the growth if not checked early.

 My experience in business, that oo in a family oriented is on of bitter and sour to an excess.
The family to which I belong had a thriving business once. Mind you the tense and underline the word once. This family disintegrated because of jealousy. Not alone envy but also greed.

The Indian families are close knit and their relationships are intricate. The matrimonial alliance also plays a role in the business. You might be surprised to read this, but this is what happens in the Indian sub-continent. The daughters-in -law direct and destruct the family unity. If they hail from a family with an equal status the problems would be fairly less. if they come from an ordinary background their peevish attitude enters and they who had not seen the affluence resort to all willy nilly tactics.use their female power. wield their influence. Finally the family breaks. With it the business

I am pained to see my family's business collapse. it has fallen beyond redemption. Still the animosity is raw. Brothers attacking each other not in words alone but physically too. They have no regret for what has transpired. They go on with their grouses and anger.

I fear that this combustible temper would pass on to the next generation too. I see no light. It is pitch dark.

Weak Management.

The depth of the management could be found in the managerial behaviour. Managers who keep cool and do not panic at the time of crisis are worthy in real. The hesitation and the frenzy do not tell about the managerial efficiency. A solemn and silent managers who could overwhelm and control the unexpected eventuality are to be promoted.

I saw today a person, well over sixties, who talks a lot but does a little, become frustrated over a very simple issue. The reconciliation of accounts has become a child's play with innumerable software available. The accounts have been created and the statement prepared. He got exasperated and mumbled and grumbled while the printing was going on.

Such a desperation is not to be found in managers.It is a quality much despised. He has to give time to the accountant to complete. If the accountant fails then the manager should fire him instead of grumbling.This is an example of weak management.

Tempers should be limited.  Encouragement should be moderate. The decisio

 is vital. Success is to be celebrated. This is how skilled managers perform.

A Tragi Comical Episode In Family Business

The Family business is a subject that comes up with new propositions every day. Yesterday saw a letter written by a brother to one of his brothers. Both are in their sixties, the one who wrote is 65 and the other one who received is 64.

The writer of the letter has made efforts to pick and choose bombastic words and use redundancy in his expressions. I could very well publish the letter or at least a part of it, as an illustration, for my argument how trivia leads to a collapse.

The  65-year-old man writes that he one of the six children of his father had recovered the property, which is their house from the mortgage. The others remained reticent.  He was imprisoned a couple of years back for the management lapses of his brothers. he was pushed out the house by their actions of cutting electricity and water supply. The brothers are living in the family house while he is residing in a rented premises. So goes on the letter which sounds very pathetic. The writer suffered T.B and had a by -pass surgery in 201 all because of the agony he endured. Now the nephew is resorting to the same old tactics.He has cut the electrical connection in the office. he wants to stay away from court and cases as he is 65. But the impudence of his nephew, who is a nincompoop has provoked him to write the letter.  He has refrained from posting the letter to another brother who is the said nephew's father as he has cast evil aspersions on his family to which his elder sister would vouch for it.

His elder sister by now would be 66 now.

The office is a very small one using minimum electricity. The nephew could very well pay the bill which would run into few hundreds. Even more this 65-year-old man could magnanimously offer to pay the bill instead of bemoaning and writing letters. This man who cries hoarse that he lives in a rented premises has allocated two bungalows to his two sons which are no way his own but inheritance.

This family is very familiar to me. The asset rich group has lost most of the properties intheir fights and differences in which the elder sister played a pioneering role. The writer himself has suffered greatly due to his elder sister's greed and deceit.

I was shocked to read the letter. But my initial setback was superseded by the amusement I derived fro the correspondence. This family would not come to terms and would lose what little they are left within few years from now.

The Secondary Management And The Choice.

The Manager once appointed has to select his team. To perform the team has to supplement and complement each other.This could be ascribed as Secondary Management,

How could this be

done? Again the selection has to take place. This time it is a team, mind you, not an individual or say two or three persons in the top management.

The expertise is important. It is a long drawn process with a careful integration.

A call for and the response should be evaluated. Among the applicants choose the majority by their qualification and background and the rest by their looks and interaction. Now, it is not the managerial personnel you are choosing. It is the sales officers, the supervisors and the accountants so on and so forth. The sales team has to be dynamic. They should possess charm and interactive ability. They should know the technique of how to push the sales up.  Sales are the vital element in any industry. Without sales, the goods would stagnate and the rotation would be affected.  The supervisors should have the technical knowledge and must be well versed in the area of production The accountants as it goes by the profession mus be thorough with the accounting practice. An in-house program should be introduced so that the management could easily access the accounting modules.

With the team in structure,  the industry or the business would grow and see great heights.