Women and Business

Most women are orientated toward details. A woman in business has the ability to see a job from start to finish. A man can start and finish a project, but a woman sees the comprehensive picture and ties up any loose ends along the way.

worker, Business, desk, lamp, Women, woman icon

Women have better penmanship and with an attention to detail. Women try to answer all questions in full while men tend to provide what they think are the important points. While these traits of women are an advantage, balance is the key. The downside to this is that women can be ‘nitpickers’ and delay progress by becoming so detail orientated that the production deadline is not accomplished. Business meetings can run longer than comfortable.

Women are Nurturers

Nurturing businesswomen make good managers, excellent employee trainers, and motivational team members. Having a motherhood instinct is a natural for helping others. They will spend the necessary time to ensure workers have the necessary information and tools to complete a project. They care about the well-being of their coworkers and will take the necessary steps to ensure harmony.

Businesswomen Must Perform

Women in business have to perform. A woman is required to have a better education and much more experience that her male counterpart. She usually receives less pay than the man does. The ‘good ole boy’ society still exists in most businesses and the woman must outperform a man’s accomplishments to get ahead. The men are generally pushed through the system with less credentials.

Women in Business are Multi-tasking

Women transfer information through the brain more quickly than men do, allowing flexibility and multi-tasking without stress. They are not bothered by being assigned many different tasks, and willingly do tasks that are not part of their job description. Businesswomen tend to operate on the ‘whatever it takes’ theory.

Women are Team Players

While men are authoritative or confrontational toward coworkers, women in business like a team effort and will work for harmony. Women are not bothered by outside input and often request other opinions. Men are territorial. Men consider it a weakness that others do not think they have all the answers. It is a matter of the male ego versus the female ego.

Businesswomen Delegate and Follow-up

Women are better at delegating work and authority than men. They also are better at follow-up with the results of the delegated work. They have the ability to assign work and not interfere with the process. Once the assignment is understood, the person has the necessary information and tools to perform the assignment, a businesswoman will let that person work without unnecessary interference.

She will follow up occasionally and even ask if there is anything she needs to do to help. When the task is completed, a woman will offer praise and rewards.

Women Want Clarity

A woman wants to know details, such as overhead numbers, whereas a man would rather hit the ‘high points’. The man’s viewpoint leaves a lot to speculation and can cause unnecessary time and expense on another worker’s part. Clarity as to what a project entails, what is needed to accomplish the project, and the result expected ensures that all on the team knows exactly what their responsibilities are, promoting efficiency, and profit in any business.

While the points made are generalizations, and no one person fits exactly, there are many scientific studies done that prove these points valid. Men and women operate differently in business. A woman’s methods of operations are considered less than business-like in the modern day world, even weak.

Businesswomen make a mistake when trying to emulate their male counterparts. She should be herself, follow her guiding principles, and do what she knows is right for her and her business. Then, she will find peace and enjoyment in business and will prove, even if only to herself, that she is more equipped at running a business because of her unique qualities.…

5 Things I Learned From Failing with Periscope at the Beach

Periscope, the new social media platform that enables users to broadcast a live-stream directly from their iOS device, is quickly gaining popularity.  The ability to share and witness a live experience with someone from anywhere in the world in real time is truly fascinating.  The capacity to interact with that person as it happens makes Periscope so much more intriguing than simply watching something on a video-sharing site.  When I was first introduced to Periscope, I instantly saw how much potential this type of real-time, face to face interaction could have as a digital marketing tool.  Effectively engaging your current and potential customers is the basis of content marketing and the key to building brand equity.  So naturally we decided to start to using it to help boost our digital media reach, and on one of the first nice days of the year, we went down to the beach and Periscoped live “10 minute only” Q&A on how to use social media to build brand equity.  The concept was great, but with only 3-5 viewers and no interaction, this less than impressive response prompted me to start exploring the reasons we failed in hopes to avoid making the same mistakes and to help optimize our use of the platform in the future. 

Beach Wallpapers: Free HD Download [500+ HQ] | Unsplash

Here are the 5 things I learned from failing at Periscope at the beach.

1.      You must engage the audience

Our first mistake was not engaging the audience we had.  We opened up with a brief introduction and jumped immediately into a dialogue on brand equity.  The few people we had on, quickly jumped off once they realized they were essentially watching a lecture rather than a live forum to interact on the topic.  Remember, one of the major appeals to a user on Periscope is the ability to interact with the experience.  You, as the broadcaster, need to facilitate that interaction by talking to the audience and prompting engagement when needed. 

2.      You need to build a following

Much like any other social media platform, you need to grow your network to maximize your reach.  When we did our Q&A, we promoted the stream throughout the day on our twitter accounts thinking that would be enough to build an audience – we were wrong.  Periscope allows you to follow users you know or find interesting, and create a list that will show you if any of the users you are following are currently streaming.  Building your Periscope followers will help to increase your viewers because your followers tend to already be interested in you and can then subsequently find your streams more readily.

3.      Keep your message short and to the point.

The digital age is one of quick bursts of information and Periscope is no different.  As I played around with Periscope on various topics using different titles and approaches, I found that the viewers that made it past the first couple of seconds tended to only stay for 2-5 minutes.  Of course, as you build a more loyal following, that number can increase, but as a rule of thumb try to keep your streams to only a few minutes.  Stay on a single topic and engage your audience efficiently.  This will allow your followers to be willing to invest the couple of minutes to hear out your message in its entirety.

4.      Titles Matter

A really cool feature of Periscope is that when you go live, people that follow you get a notification that you are broadcasting along with the title of your stream.  Your title essentially becomes your call to action, so make sure to give your title some thought and don’t forget to include hashtags.  This brings me to another great feature of Periscope. You can set up your broadcasts to post directly to your twitter feed.  Just as your Periscope followers are notified of your broadcasts, your Twitter followers too can receive notifications of your broadcasts via their twitter feeds.  What’s more, by effectively using hashtags, your broadcasts can be searched and viewed by the entire Twitter universe. Twitter uses #Periscope when it auto posts to your twitter feed, and this hashtag has become something people from all over the world use to search for live streams on Periscope when not on the app, a truly brilliant idea for Twitter and a great hack to further build your audience. Much like your message, keep your title short and to the point, and try to build intrigue with it.  Hit your main topic of the broadcast, and use hashtags to attract both live and replay viewers.

5.      Don’t get caught up in the number of live viewers.

Don’t be discouraged if you see less than anticipated live viewers.  If you have built a strong following on both Twitter and Periscope, your broadcasts can always be searched and viewed at …

A Checklist to Evaluate a Franchise: Considering Several Business Opportunities? Compare These Points

Selecting the right franchise opporunity is the franchisee’s first shot at success. Pick one that is troubled, or has grown too fast to sustain itself and trouble follows. But pick one that’s up-and-coming, that’s got the proven systems and plans in place, and the future looks much brighter.

A To Z Of Franchising

This step, far more than any others, is one that the potential franchisees must take on his or her own. Yes, franchise consultants can help track down information on some of these topics, but making the decision of which franchise to select ultimately falls to the franchisee.

No matter what franchise industry is under consideration, evalute the franchises with answers to these questions:

  1. How old is the company? How many years did it work as an independent business before offering franchise business for sale?
  2. How many franchisees are there in the system? What kind of franchises do they offer?
  3. How many franchisees have left the system? Why?
  4. What is the franchise fee and what does it cover? (Don’t make a decision solely on the cheapest; know what the franchise fee covers as well.)
  5. How many multi-unit franchisees does it own? (This can be a huge signal that franchisees have worked one franchise and found success.)
  6. How many company-owned outlets are there?
  7. Who are the people behind the management of the franchise business for sale offers?
  8. What are their qualifications?
  9. Are there any legal cases pending against them?
  10. How many cases have the franchisor and franchisees fought with each other? (Again, an area that needs more exploration. Don’t discount a franchisor that may have had suits against it; there are two sides to every story, so ask questions if this area brings concern.)
  11. What training does the franchisor provide?
  12. What is the on-going support?
  13. What is the brand position of the company?
  14. Does it provide protected territory?
  15. What is the territory size?
  16. Where are raw materials sourced? Do franchisees have the ability to choose their own suppliers?
  17. Does the designated supplier provide any discounts?
  18. Does the franchisor offer financial assistance?
  19. Does the franchisor provide real estate support?
  20. What is the marketing support?
  21. How many employees are needed?
  22. What employee recruitment is offered?
  23. Who will take care of the insurance and bonds of employees (especially in service sectors such as senior care or maid service)?
  24. What is the vision of the company?
  25. What is the royalty fee?
  26. What is the advertisement cost?
  27. What is the marketing plan and how much freedom do franchisees have to market on their own? Is there a fund for local marketing efforts?
  28. How many years is the franchise agreement for?

With answers to these questions in hand, its easier to compare — and to make sure the best opportunity is chosen.…

Brunei Trade Information

Brunei is a small wealthy economy of Southeast Asia. Brunei gained independence from United Kingdom on January 1, 1984. Brunei enjoys the second highest Human Development Index among the Southeast Asian countries after Singapore.

Brunei | History - Geography | Britannica

The population of Brunei is 3, 88, 190 out of which 92.7& population is literate and a long life of 75.74 years is expected at the time of birth. Brunei government provides the medical services and free education through university level and also subsidizes rice and housing.

The nominal total GDP of Brunei is $19,430 billion and the GDP per capita is $50,100 and it ranks 9th in the world. The share of agriculture production in the total GDP is 0.7%. The major agricultural products are rice, vegetables, fruits, chickens, water buffaloes, cattle, goats and eggs. The contribution of industries to the total GDP is 74.1%. The major industries are petroleum and petroleum refining, liquefied natural gas and construction. The service sector contributes 25.3% to the total GDP.

International Trade in Brunei – Import and Export Details

The currency of Brunei is Brunei Dollar. On May 17, 2010, one Brunei Dollar is equal to 0.722387 US dollars. The total international trade of Brunei is $13.28 billion. The share of exports from total international trade is $10.67 billion. The commodities exported from Brunei are crude oil, natural gas and garments. Crude oil and natural gas forms 50% of the total GDP of Brunei and shares more than 90% of total exports. Brunei Shell Petroleum is the major oil and gas producer and exporter in Brunei. The major export partners of Brunei are Japan – 40.4%, Indonesia – 21.4%, South Korea – 15.3% and Australia – 10%.

The share of imports out of the total international trade of Brunei is $2.61 billion. The major commodities imported in Brunei are machinery and transport equipments, manufactured goods, food and chemicals. The government is taking steps to be self dependent in food and agriculture. The major import partners of Brunei are Singapore – 36.3%, Malaysia – 18.9%, Japan – 7.6%, China – 5.4%, Thailand – 5%, US – 4.7% and UK – 4.7%.

Recent Economic Developments in Brunei

Brunei’s leaders are concerned about the effect of increasing economic integration with the outside world on their society. Brunei chaired the Asia Pacific Economic Cooperation Forum in 2000. Brunei’s economy has seen a rapid decrease in its economic growth in the last decade. The dependence on petroleum oil exports has made the economy unstable.

Thus, the leaders of Brunei are now encouraging foreign investments in various sectors alongside protecting the society from any kind of foreign influence. Brunei is also a member of Asia Pacific Economic Cooperation (APEC), Association of South East Asian Nations (ASEAN) and World Trade Organization (WTO).

Recently, a new policy stating that the new enterprises that meet certain criteria can receive pioneer status, which will exempt them from taxes on profits for first five years. This can be seen as the sign of Brunei’s increasing involvement in international trade and open economic policies in future. The government of Brunei is also trying to diversify economy through agriculture, fisheries and tourism.…

Why I Became a Transcendental Tech Founder

It consumes you.  It forces you to make terrible decisions.  It affects relationships.  It sucks the life out of you.

An independent view on Transcendental Meditation :

My startup is on the verge of launching our biggest partnership ever.  Everything on the surface is incredible, however, it’s everything you don’t see, the stress, the hours worked on no sleep, and did I mention the stress?  But you don’t complain, how could you?  So much hard work and sacrifice is coming to fruition, and in a big way.

And I’m not the only one.  Chances are if you’re reading this, you can relate on some level, at some point in your life.  So what do we do?

We rid ourselves of the bullshit.

For myself, I woke up this very morning, and for some reason, decided today was the day.  Every single item in my life that doesn’t positively affect my life, doesn’t contribute to the success I so desire, and acts as a distraction is being liquidated, donated, or recycled.

I have responsibilities to others; employees, investors, friends, and myself to devote everything I can to being a better leader, CEO, and human being.  You don’t have to run a tech company, or be dealing with overwhelming stress to make these changes either.  At minimum, you are the CEO of your life, and you owe it to every stakeholder in your life to be the best CEO you can be.

So what do we do?

We make changes.  Not tomorrow.  Not in few months, days, or hours.  We change NOW.

Whatever you need to do, do it.  You will instantly feel an enormous weight lifted off your shoulders.  A weight you didn’t even realize was there until it’s been whisked away by clutter and things that over time literally “weigh” down on your existence.

What did I do?

I made three lists.

List one: Everything I absolutely need in life to be the best individual I can be.

Lest two: Everything I can think of that I own that does not contribute to that.

List three: Everything I want to pursue with the new found focus, productivity, and free time that’s “magically” going to ensue.

This is what I did, whatever you need to do is up to you, but if you are starting to feel the weight of the world on your shoulders, I suggest you do something now.

If you’d like to see photos of my lists that I wrote down, feel free to email me at seth@getchitter.com

“Peace to those engaged in the struggle to fulfill their dreams. Embrace the struggle.” -Ben Horowitz…

9 Useful Tools to Keep Track of your Business

Running a business entails the right management skills and strict attention to the different vital tasks from the admin to the financial matters. This applies not just to the large companies but even to startups and small businesses.

Business from scratch. 10 steps of a beginner businessman ...

Managing a business today, though, should be easier what with the various digital tools available. These tools are helpful in the different aspects of business management and some are even free to use. When used properly, they can aid in growing a business and sustaining it for the long term.

Here are several tools recommended for small business owners committed to keeping a loyal staff and achieving their short-term and long-term goals.

Google Analytics

Google Analytics is most helpful in gathering and analyzing vital data. With this tool, entrepreneurs can determine the location of their audience and other online behavior. This then will enable them to plan their marketing strategies well and find out how they are faring in converting leads.

AngelList

Angelist is a recruitment tool useful when hiring people to assist in your business or if you’re looking for investors. Numerous investors have already been matched on the site enabling startups to gain funds to grow their businesses.

Fundera

Entrepreneurs who don’t want to have investors can also choose to use Fundera to find the right finances through loans. Fundera is an online marketplace that connects entrepreneurs with the most appropriate lenders offering the best rates.

StreetShares

Another platform that can help entrepreneurs in getting a business loan is StreetShares. Peer-to-peer lenders are available on this free online marketplace to accommodate business owners looking for funding. StreetShares has a fast application feature and recruits lenders once you are able to show the value of your business concept.

TimeDoctor

Business owners should also make it a point to monitor their employee’s productivity and they can do this via TimeDoctor.  This time management software can keep track of tasks and overall productivity in real time. It is also capable of recording a staff’s internet use and takes a screenshot every three minutes. To help you check your employee’s online activity, TimeDoctor provides a report of websites visited and applications used.

Trello

Organize tasks and keep your staff updated on what they need to do with Trello. This cloud-based tool lets users create boards for various tasks to help business owners manage their operations more efficiently. What gives Trello the edge is it can be synched with all of your devices thereby allowing you to monitor your team and work on important tasks even while on the go. A free plan is available and is easy to use.

Trello is not limited to professionals as teams composed of college or post graduate students working on a project can utilize the platform. For example, they can ask from colleagues for information on how to get business school personal statement help .

Skype

Internal communication is vital regardless of the number of staff you have in your business. With Skype, entrepreneurs can easily communicate via SMS, voice call or video chat when urgent matters crop up or when a meeting among staff in different locations is needed. It is also possible to send files via Skype making it a very useful communication tool.

Expensify

Completing expense reports can be a real challenge. Fortunately, there’s Expensify now to keep track of expenses with the ability to automatically scan receipts in one click and process reimbursement the next day. This tool can be customized so managers can review first any expenses and automatically approve the others. Its mobile tracking capability is a huge help particularly for business owners who frequently travel.

ZenPayroll

In line with expenses, the payroll is also one important aspect that entrepreneurs should prioritize. This is where ZenPayroll comes in handy as it makes the payroll work easier. Through this tool, employees can be paid weekly bi-weekly or monthly depending on your preference as they are given online portal access. A free two-month trial is available for businesses that want to determine the features of ZenPayroll.…

Stock Brokers Go on Strike Against Reforms

Brokers in major exchanges in India struck work on Monday (24 July) protesting against the introduction of rolling settlement and ban on badla. These hasty reforms, brokers allege, have brought down the trading volumes and have made their existence difficult.

Ways To Help You Become A Better Stock Broker Or Investor - The ...

Forward trading in the Indian stock market was all along based on the badla system. Badla is an indigenous term used for the financing system in forward trading. In this system, stocks bought act as the security; and the seller, as well as the badla financier, get a share of the badla charges which are paid by the buyer. While a major section of the active traders in the market supported badla, the section that clamored for changes in the capital market blamed the badla system for all the problems in the Indian stock market.

Securities Exchange Board Of India (SEBI) and most of the experts from the government side recommended abolishing the badla system. This resulted in the introduction of rolling settlement and ban on badla.

Under the badla system, the buyer or seller could carry forward a transaction at the end of the settlement period by participating in badla. Under the rolling settlement, the buyer or seller has to square off the transaction the same day; otherwise, it will be treated as a delivery-based transaction. Along with introduction of rolling settlement, the authorities also introduced futures and options in the Indian stock market.

Since the badla system was in the market for so long and the was abruptly stopped, a majority of the traders in the market found it difficult to continue with the activity for two reason:

  1. They found there was no financing available to fund their speculative activity, and
  2. They were totally at a loss to the new system’s option trading.

Badla and supporting systems are in the category of deferral products whereas options and futures are for hedging. At present there is no substitute for badla and the Indian market is totally new to hedging. The net result was drastic fall in volumes and prices in the Indian stock market.

Even though there are other reasons for the poor state of affaires in the capital market, the brokering community chose to harp on the badla issue for all problems. Brokers from various exchanges formed a national-level association of intermediaries in the industry called Securities India Association of India. Objectives of the association include promotion and protection of the interests of the members and to act as a think tank.…

How Insurance Fraud Affects Business

It appears as though insurance fraud is a growing problem in this country and unfortunately, few business owners are aware of the extent to which it affects their bottom line. There are numerous ways in which businesses are affected and so it pays to be aware of what to look for and what you can do to protect yourself and your company from the losses which can occur.

Do Changes in Interest Rates Affect the Profitability of the ...

Insurance Fraud You May Never Suspect

The first thing to understand is that insurance fraud can be perpetrated from a number of directions. Most often we think of a fraudulent claim against a policy but there are actually times when the fraud originates with the insurer. Sometimes coverage is non-existent and the insurer continues collecting premiums even knowing there will be nothing to pay on them because they don’t carry that particular coverage. Other times they issue checks that suddenly go missing or they discriminate in their coverage. These are the times when certified insurance fraud services come in handy because they are expert at finding discrepancies in order to present them in a court of law. It’s hard to fight the insurance company unless you are a fraud investigator. For the average business or consumer, that would be their only recourse.

What Insurance Fraud Costs Your Company

Although most businesses know that the cost of their policies continue to rise as increasing numbers of claims are filed, they don’t realize the actual cost in terms of profits they make. Take for example a retail store that is the object of fraudulent claims over a period of time. As their insurance premiums continue to rise, the only way to recoup that money is to increase their prices. With higher prices consumers begin looking elsewhere to do their shopping so that now the loss is compounded. The retailer is paying higher fees for their insurance and losing business in the process because they had to raise their retail prices.

The Bottom Line

Insurance companies necessarily need to raise prices as do businesses and each passes those costs down a level below them. The insurance company looks to recover some of their loss by charging more and businesses, in turn, charge more to their clientele. People begin paying more for products or services and eventually begin shopping elsewhere. It’s a continuous cycle that keeps perpetuating as more fraudulent insurance claims are submitted and somehow bypass the notice of the insurer’s fraud prevention team.

In the end, every fraudulent insurance claim or transaction ends up affecting your business growth. It may not be immediate but it is guaranteed that fraud will create a rise in prices that are eventually passed down to consumers. There are times when expenses become so high that businesses even close their doors for good. In order to ensure that your business sees the growth it should, more effort needs to be made on fraud prevention and detection. If you suspect that there is a problem with insurance fraud that is directly affecting your bottom line, seek professional help immediately. Don’t wait until the losses become extreme. Your survival as a business could depend on early detection of fraud.…

Privacy Policies

The whole issue of privacy, not only on the web but in general, is one of the key problems for any business. The only difference is, it is much easier for a small business to address this issue than it is for a large corporation.

Privacy Policies 101: The What, the Why, and the How - TermsFeed

Your first concern should be your customers. Are you asking them for data when they contact you, whether it is on the Internet or not? If you are, will your customers know how this data is going to be used or will they wonder whether they should worry? The key characteristics of a good privacy policy are:

– you ask for only the minimum data that will fulfill the purpose for which that data is being collected;

– you keep the data secure and ensure that it is only used for the purpose for which it was collected;

– you don’t keep the data after you’ve used it;

– you destroy the data in a secure fashion;

– you inform your customers of the steps you are taking to accomplish all of the above.

Once you’ve taken care of your customers’ concerns, you should probably try and make sure your practices are not illegal in the jurisdictions where you have customers. This may eventually become your number one concern but, for the moment, there are no jurisdictions which are actively enforcing very strict privacy laws for out-of-jurisdiction companies although there are several where the practices of many American companies would be illegal and many more where strict privacy legislation is being considered. It is actually not that difficult to keep your privacy practices mostly legal. Legislation focuses on four areas:

– you must advise the customer of the purpose for which data is being collected and he must agree to have you collect it for that purpose;

– the data must not be used for any other purpose without getting a renewed agreement from each customer whose data is being used;

– the data must be held securely and access must be restricted to persons who need access to carry out work in accordance with the data’s agreed purpose;

– the data must be securely destroyed when the agreed purpose has been accomplished.

It is easy to see how a small business could put these restrictions into practice, for example by just making one employee responsible for the data. For a large corporation it is much more difficult to keep track of who is supposed to have access to what, what should be destroyed and who agreed to anything. This means that having a good privacy policy and implementing it in a credible fashion can be a competitive advantage for a small business. A lot of large corporations already have a trust-deficit. If your small business can get in there with a good, credible privacy policy, you’ll be one step ahead.…

New.Net More Like Interesting.Trick

In January, we looked at the potential new TLDs that ICANN is considering adding. Wouldn’t you know, a new player recently entered the arena offering twenty new top level domains (TLDs) including .tech.xxx.kids.travel, and so on. And they’re each only $25/year! Meet New.Net

Samsung Acquires Rich Communications Services Business from ...

What do I get?
You actually get third and fourth level domains of new.net. What does that mean? OK let’s break down a domain name. On aswas.com.com is the top level or TLD and aswas is the second level. Moving to the left of that, many people are familiar with having to put www. before the second level to access the website. www. is the third level of the domain name. There are other uses for third level domains… some companies use mail.domain.com for their mail server. If you go to www.intel.com and click on “support,” you’re taken to support.intel.com… just another website using the third level probably to keep it memorable for people. Another well-known use of third levels would be citysearch.com; each city they offer is dropped in the third level such as newyork.citysearch.com. But you don’t have to stop at three levels. Want to learn how to get around the New York metro area? That official site is http://www.mta.nyc.ny.us/… five levels in that one. It’s just a hierarchy with the TLD at the bottom.

So since New.Net is not related to what ICANN is working on, and they can’t change the whole system to accept their domains, they are selling you third and fourth levels on their new.net domain name. For example, if you want to sign up for something.club through New.Net, they are actually selling you something.club.new.net.

Does that mean people have to type in www.something.club.new.net to find me?
Possibly. There are currently two ways for people to correctly access these websites without having directly typed in http://www.something.club.new.net:

  • The user must have installed the browser plug in that knows www.something.club is really www.something.club.new.net.
  • The user must be browsing the internet through one of New.Net’s ISP partners. So your ISP may have configured settings to pull up the right thing if you put in www.something.club.

What are the current drawbacks to this?
In my opinion, there are a bunch:

  • If you advertise something.club, and people coming to that site are NOT using an ISP partner or a browser with the New.Net plugin, they won’t find you. I don’t know who’d want to run that risk.
  • There is no rule or guarantee in place that if TLDs in use by New.Net ever get accepted by ICANN that you’ll get to own the one you’ve been using. For example, if .club is finally set up to work just like that without any special software or settings, you may not get your beloved something.club.