As a business owner, I
believe you have most likely read articles on financial accounting and assets.
Assets generally refer to economic resources that can help you generate revenue
to keep your business afloat and grow your business further.
Do you know that there
are at least four critical important non-financial business assets that you
need to take care of so as to ensure the survival and longevity of your
business?
If not, you are advised to
read further:-
1. You - THE BUSINESS OWNER/FOUNDER
The number one asset in your business is You, as the owner, right?
To win it mightily, you
need to serve your business wholeheartedly with your sound body, mind and soul.
However, you need to balance your life, work should be balanced with the
following activities: reading, exercise, or spending time with family or
friends. If you do not take the time to focus on your own self, you may run the
risk of burning out.
Therefore, it is important for you to ensure that you
become a more happier and better you.
2. Time Management
Time is the essence of any business. To
accomplish any task, you need to allot adequate time, setting goals or
benchmark to achieve and then follow through. This in turn, will drive you to
forge ahead of your business. To ensure that time is efficiently used, you need
to ensure that it is always utilize profitably. Hence, your time management
skills need to be sharpened because it is closely and directly proportional to
your productivity.
3. Stay Focus –
Be mindful of the idea
syndrome that may befall entrepreneurs. Entrepreneurs need to aware of the
danger of too much focus on ideas rather than action. Please don't get me
wrong, ideas are great. On the other hand, you need to look at the ideas you
have and focus on the ones that will be most profitable for you and your
business. In short, you need to stay focus and make things happen.
4. Human resources
This
is another asset which tends to be overlooked because it is not reflected in the
financial statement of the company. Yet, it is the jewel of the company as the
company exists because of its people. It is the contribution of the people that
translate ideas into action. The revenue of the company is generated from the
efforts and time of these people.
Trust you find the above
discussion is useful and beneficial to you. Please feel free to add in any
other factors which you may have or any other ideas or feedback, both positive
and negative.
Thanks and hope to
hearing from you,
http://www.facebook.com/people/James-Oh/706849667
http://www.facebook.com/people/James-Oh/706849667#!/pages/Lift-You-Up-Always-there-for-You/176685462397920
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