The importance of setting up an emergency fund

If ants can set up their stock of food for the rainy days, why can’t people do the same? We all know that an emergency fund is noteworthy for saving us from future financial troubles. But most people just can’t set up such. How come? It’s because most of us are economically procrastinators. An emergency fund is not necessarily built instantly and magically. For individuals who don’t have the abundance of money, they can simply build the fund gradually – simply starting from a little amount of cash. For people like me, who loves investing and hates burying of money, setting aside cash for an emergency fund seems to be like putting bucks into sleep and not using it to work for profit. But an emergency fund is not just another kind of money putted inside a piggy bank. Emergency funds are investments that can save you from near future financial disasters. Read more

How to Generate Funds for your Startups

According to SBA 90% of the startups fail within first two years of the operation. The second common frequent reason due to which most of the startups fail after poor management is lack of funding for startups normal operations and marketing campaigns. In this article we would be discussing tips which you should follow to generate enough funds for your startups.

Decide the Nature and Amount of Funds: – Before searching for funding opportunities you need to evaluate how much and when you would need funds. Whether you need Funds for Long-term or Short-term? How quickly you can pay back your funds? Whether you need entire amount at the start or you want them in small intervals? Whether those funds would be used for company expenses like paying salaries etc or whether those funds would be used in developing assets like real estate. Read more

10 business lessons I learned from Facebook’s Farmville

Business lessons can be dug anywhere and anytime. If you have the entrepreneurial mind, you can reflect and learn important business virtues from your simple daily activities. I’ve been an ardent Facebook user for a couple of months now. The world’s most popular social network site is really fun and interestingly interactive. There, you can enjoy great games and applications including some marketing tools to promote your site. And here comes one game called Farmville – the only game I can allow to play for myself for currently experiencing time poverty.

Farmville is a very popular Facebook game application created by Zynga, a prominent company and developer of social games on the web.  It has more than 55 million monthly active users as at the date of this post. Inside the game, you can create your own farm, plant fruits and vegetables, raise nice animals and decorate the farm the way you want it. You can also send and receive gifts to and from your friends and neighbors. In the market, you can buy your desired seeds to plant, animals to breed and other stuff and infrastructures you want depending on your current level. As of the writing of this post, I’m just in the 12th level of the game. Nevertheless, I already enjoyed and had so much fun with it. And beyond that, I have learned the following ten business lessons that every business owners and entrepreneurs should reflect. Read more

Top ten reasons why business fails

We build our businesses to let them live, run and grow. That’s why business failure is a happening that we always wish and pray to never come out into reality. But how can we avoid it? Even the giant companies fail despite of their gigantic assets and equities. More and more small entities also become unsuccessful. However, this doesn’t mean business success is an impossible dream. We can be successful entrepreneurs. To achieve that, we should learn the reasons why business fails, and do our best to overcome them. Here is the list of the top ten causes why businesses do not succeed:

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How to attract more money into your life

How to attract more money into your life? What will you do to become a financial magnet and enjoy a life with money always around you? These questions are always raised in the minds of human beings. Of course, it is because everyone needs money. Even the most religious and most spiritual people need money to make their lives spinning. Even the new born child who cares nothing about money needs money – courtesy of his parents. So how would you keep cash and money coming into your life? To answer this question, we need to apply some theory of relativity.

Money, just like other things on Earth exists with a purpose. And what is the purpose of money? Money serves three main purposes: Read more

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