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Info : Avoiding Home Business Failures
It’s been said that 80% of all small business dies within the first 3 years. And the rest are somehow struggling along with meager revenues. Only a handful is successful. Home based business has an even shorter lifespan. Every enthusiastic home based venture starts out with a big promise, a lot of excitement and enthusiasm.
However at the first signs of trouble or a slow take off the people become panicky. Having been accustomed to regular pay check, when the money does not roll in week after week and the bank balance hits the low digits, there is a sense of panic and the exciting home business gets trashed.
My own experience tells me this happens just when you are through with organizing, setting up and the difficult transition period of reaching out to the customers, you decide to wind up the business in favor of a job.
Now here are a few tips to persevere and make a success of your home business.
Plan in advance your finances for running your family for a minimum period of 6 months.
Plan every aspect of your business – right from creating the product to final shipments - on paper. Don’t leave out anything. This is what is called a business plan. Make it elaborate and group each aspect under a heading and subheading.
Home workers need to set a disciplined work schedule. Having no bosses around or compulsions of commuting may make you take things easy and relaxed. At least for the first 6 month work as if you are in employment and put in the required hours. You can relax and cut down on working hours when you start earning enough.
Don’t procrastinate or put things off for tomorrow. Action is one major ingredient for success. If you need to do something do it today. Do it now.
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Top: Business: Management: Ethics:
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» AccountAbility - The Institute of Social and Ethical Accountability, an international organisation committed to enhancing the performance of organisations in social and ethical accountability and sustainable development. Includes news, reports, resources and dialogues on corporate accountability issues.
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» American National Business Hall of Fame - A nonprofit business ethics organization that honors exemplary business leaders and educates students and business groups on their visionary management methods. Includes education and research programs, and an academic Journal.
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» BizEthics.org - Resource for information about Business Ethics, Corporate Social Responsibility, and Environmental Sustainability Issues.
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» BRASS - Centre for business relationships, accountability, sustainability and society at Cardiff University. Research centre with online resources including reports, news and website links.
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» Business Ethics at Wharton - Comprehensive list of ethics resources including articles and research papers. [Some content requires free registration]
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» BusinessEthics.ca - Clearing house for business ethics resources, both Canadian and international. Includes articles, case studies, consultants and news.
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» Caux Round Table - An international network of business leaders working to promote a moral capitalism.
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» The Center for Business Ethics - Located at the University of St. Thomas, Houston. Details of events, director, research programs, Hugo Mann ethics contest and working papers.
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» Center for Business Ethics at Bentley University - Provides an international forum for the advancement of business ethics. The Center is committed to developing strategies for ethical business conduct and providing a bridge between theoretical research and practical business activity.
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» Center for Ethical Business Cultures - Research group assisting business leaders in creating ethical and profitable business cultures at the enterprise, community, and global levels. Site provides overview of research areas, publications and topical papers, appearances in the news, and related links.
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» Center for Ethics, Capital Markets, and Political Economy - Examining political economic concepts and practices in an interactive forum and using communications technology to generate a public discussion which can give voice to the moral consensus as it relates to issues of political economy.
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» Centre for Business and Public Sector Ethics - Academic research centre using its own lateral methodology to look at complex ethical, social and environmental issues. Details publications, research, staff and associates. Based in Cambridge.
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» Centre for Social Markets - Non-profit organization promoting responsible entrepreneurship, business ethics, accountability, sustainable development, and human rights. Information on services, membership, research and publications. Offices in India and the UK.
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» Council of Ethical Organizations - A non-profit, non-partisan organization promoting ethical and legal conduct in business, government and the professions. Details of events, membership, publications and services.
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» CSR Data Networks - Portal on corporate social responsibility information. Includes news, articles, tips, chat, events and newsletter. Based in UK.
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» Ethical Impact Business Ethics - Information on ethical leadership and values, with an emphasis on accountability, responsibility and profitability. Also includes information on Ethics events.
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» The Ethics Institute of South Africa - Independent, non-partisan organisation that promotes and advances ethical practices in South Africa. Information on newsletter, membership, services, events and forum.
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» Ethics Resource Center (ERC) - A nonprofit organization working to be a catalyst in fostering ethical practices in individuals and institutions through programs and publications in business and organizational ethics, global integrity and character development.
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» Ethics Updates - Designed primarily to be used by ethics instructors and their students. It is intended to provide updates on current literature, both popular and professional, that relates to ethics. Moral Theory and Applied Ethics: Ethical Relativism, Bioethics, Euthanasia, Religion, Gender Equality, Racial Equality, Sexual Orientation, Poverty, World Hunger, Virtue Ethics, Animal Rights, Environmental Ethics and Military Ethics.
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» Ethikos - Bi-monthly publication that examines ethical and compliance issues in business, using case studies about corporate ethics and compliance programs. From Rutgers University.
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» European Baha'i Business Forum - A global, professional non-profit association promoting moral and ethical values in business. EBBF vision is to enhance the well-being and prosperity of humankind.
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» Horizon Associates - Company that helps organisations formulate and install practical ethical policies to protect them from fraud. Includes ethical guidance and advice.
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» IMC Northern California - A not-for-profit, professional association founded to set standards of professionalism and ethics for the management consulting profession.
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» Institute for Global Ethics - an independent, nonprofit, nonsectarian, and nonpartisan organization dedicated to promoting awareness and discussion of global ethics.
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» Journal of Business Ethics - The standard journal for Business Ethics that every student, professor and business person should consult. Tables of contents and periodically-refreshed article samples are available at this site, as are subscription and article submission information.
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» The London Benchmarking Group - A group of international businesses who are seeking to manage, measure and report on their involvement in the community. Details of members, benchmarking model and membership.
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» MHC International Limited - A European based firm promoting social development and corporate social responsibility, business ethics.
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» National Ethics Bureau - Promotes consumer confidence by providing unbiased verification of business credentials and confirmation of ethical conduct for professional advisors nationwide.
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» Net Impact - International nonprofit inspiring, educating, and equipping individuals to use the power of business to create a more socially and environmentally sustainable world. Information on professional and students chapters, conferences, projects and resources.
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» The Prudential Business Ethics Center at Rutgers - Supports conferences, lectures, courses and research to provide a grounding in ethics for the business community. Details of events, research, press coverage and news. Based in New Jersey.
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» Seeing Things Whole - Non-profit network working to bridge the gap between faith and organisational life. Includes essays, research, news and downloadable resources.
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» Society for Business Ethics - International organisation of academics conducting research in business ethics. Information on mission, newsletter, events, membership and quarterly journal.
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» Vasin, Heyn & Company - A CPA and management consultant firm specializing in social responsibility audits, with informational articles online detailing how to perform social responsibility audits.
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Job Interview question..
There are several classes of job interview questions:
1.
Skills based questions
These job interview questions are related to specific job skills outlined in
essential criteria. Candidates are asked to give examples of their work, or
outline their duties and performance in key roles.
2.
Knowledge based questions
Many jobs have a required knowledge base. Interview questions are used to find
out the depth of knowledge, and to check and confirm candidates have the essential
information required to do the work involved.
3.
Technical questions
These are a different type of knowledge based job interview questions, and they
relate to the technical issues of the position. In some job interviews, a person
on the interview panel is appointed to ask these questions, and give expert
evaluation of answers to the panel.
4.Problem
solving questions
• The problem solving job interview questions are now standard practice.
Problem solving questions are used to define skill levels and the ability to
deal with difficulties.
• Experience related questions This is a range of job interview questions
designed to test prior experience across the range of job skills contained in
the position. They include additional questions to clarify the scope of candidates?
experience. They also deal with issues related to the job, particularly where
levels of experience relate directly to the complexity of the work.
5.Interpersonal
skills questions
These are job interview questions which explore workplace relationships, team
roles, leadership, and other personal characteristics of candidates. Questions
can range from dealing with stress to contributing to a team.
6.Assessing
job interview questions
Interview assessments use the merit principle to decide successful applicants
based on their answers to the job interview questions. A panel discussion and
consensus, or a formal evaluation process using an 'evaluation grid', (a step
by step analysis of answers) is conducted.
7.The
selection process
Interviewers select the candidate who meets all job criteria to an acceptable
standard. The panel then makes a recommendation for appointment to management.
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Job Interview Tips....
Practice
• Practice answering interview questions and practice your responses to
the typical job interview questions and answers most employers ask. Think of
actual examples you can use to describe your skills. Providing evidence of your
successes is a great way to promote your candidacy.
Prepare
• Prepare a response so you are ready for the question "What do you
know about our company. Know the interviewer's name and use it during the job
interview. If you're not sure of the name, call and ask prior to the interview.
Try to relate what you know about the company when answering questions.
Watch
• Take a look at my Job Interview Tips Videos, so you'll be sure to dazzle
a potential employer and leave the right impression.
Get
Ready
• Make sure your interview attire is neat, tidy and appropriate for the
type of firm you are interviewing with. Bring a nice portfolio with copies of
your resume. Include a pen and paper for note taking.
Be
On Time
• Be on time for the interview. On time means five to ten minutes early.
If need be, take some time to drive to the office ahead of time so you know
exactly where you are going and how long it will take to get there.
Stay
Calm
• During the job interview try to relax and stay as calm possible. Take
a moment to regroup. Maintain eye contact with the interviewer. Listen to the
entire question before you answer and pay attention - you will be embarrassed
if you forget the question!
Show
What You Know
• Try to relate what you know about the company when answering questions.
When discussing your career accomplishments match them to what the company is
looking for.
Follow
Up
• Always follow-up with a thank you note reiterating your interest in
the position. If you interview with multiple people send each one a thank you
note.
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