Major Problems OF Education IN PAKISTAN

Major Problems OF Education IN PAKISTAN

EDUCATION:

Education is the simple process of learning and knowing. It is not restricted to the schools only. Education starts from the mother’s lap. Parents and family inculcate good manners and make responsible citizens out of their children. Home is called first school of the children, but the formal education starts from the school, where they are taught, how to behave and understand what is going on around them.

10 things you don’t know about Mark Zuckerberg

10 things you don’t know about Mark Zuckerberg

Today is Facebook's 10 year anniversary. In celebration, we look at the life of its founder and billionaire, Mark Zuckerberg.

His full name is Mark Elliot Zuckerberg and he was born on May 14, 1984, in White Plains, New York into a comfortable, well-educated family.

 Color-Blind:

Mark Zuckerberg is red-green color-blind, which is part of the reason why the Facebook we know today is blue!

FACTORS AFFECTING OUR BUSINESS EXTERNALLY.

FACTORS AFFECTING OUR BUSINESS

Just like in a plant, there are many factors that can affect the starting and the growth process of a business. When you are in the ocean in a sailboat you cannot control the direction of the wind, but you can adjust the sails to suit your direction. There are many factors that influence the business world and though some are uncontrollable, most can be manipulated into your advantage in starting a business that will have a great chance in succeeding. The choices you will make when starting your business will affect it when you start or later on along the way. You therefore need to pay attention to the following points to avoid any mistakes.

5 Ways which will help you to increase your Business

5 Ways which will help you to increase your Business

Business skills are critical needs in this modern era of globalization and cut-throat competition.

An employee that has competency in business skills is likely to be able to climb up the career ladder with ease. And that applies to businesses as a whole, too: a recent study conducted by Bersin and Associates reveals that organizations that are able to communicate their strategies in a clear and precise manner are 113 times more likely to achieve higher levels of profitability and efficiency.

Despite the fact established business owners are bound to advocate long-term stability over short-term success, every entrepreneur will want to witness at least a little bit of growth early on for reassurance and recognition. After all, the statistic that 96 per cent of businesses fail within 10 years can be rather daunting and, in the absence of positivity, you may feel like your enterprise is doomed from the start.

So, bearing this in mind, here are five sure-fire ways to quickly increase your business growth without sacrificing or compromising what matters most.

Of course, is it not every businesses’ biggest problem? Finding ways to increase Sales. After I skimmed through the seminar notes, I was able to round up top 5 ways to improve sales:

5 Ways to increase Business:

Increase Conversion Rate:

Conversion rate is measured by the number of contacts who after checking your services and profile are willing to contact you for further questions or next steps. Your Website plays a vital role in building this conversion rate. So, make sure you have a website that works as your first marketing tool, selling your services, trust and confidence to your visitors 24×7 and helping convert them to prospects and customers.

Launch a lead generation campaign:

Even if you spend the majority of your time trying to boost bottom-line sales, don’t ignore or overlook the importance of marketing, as lead generation campaigns are a great growth strategy.

Use direct mail, telesales, and the numerous digital marketing tactics at your disposal to actively identify and contact prospects. You will then be in a position to encourage and usher leads down the sales funnel.

 Save time:

 Whether you’re running a one-man show or an enterprise-level  with data being fed into customer-relationship management systems, you need to automate certain processes. If you don’t, then these will tend to become chores that you may begin to avoid, thereby decreasing your effectiveness. Some activities that you can place on auto mode include posting updates across platforms, sending email and SMS updates on favorite topics, and uploading social media content to remote storage. 

Increase your prices:

It might seem like a fairly rudimental technique for encouraging growth, but as long as your customers receive more value at the same time, there is no reason why you can’t increase product or service prices.

Ways to keep your clientele on board without obliterating profitability from price increases include frequent buyer programs, a higher level of support based on purchase amount, reward schemes for certain products, and a quicker speed of service or delivery.

 Promote your business on social media networks:

 Facebook users have an average of 229 friends. When you create new content, launch a new product or run a new campaign, be sure you share this across the social media channels you are active in. There is no easier way to grow your customer base than providing value and then having your customers promote your brand for you.

These are simple and important things which will help you to increase your business.

8 Surprising facts about Bill Gates you don’t know

8 Surprising facts about Bill Gates you don’t know

Most people know three things about Bill Gates:

He's the richest man in America (second-richest in the world right now), he co-founded one of the most successful tech companies of all time in Microsoft, and he's an extremely generous philanthropist through the Bill & Melinda Gates Foundation.

Business and its types

v  Business and its types

A Business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalist economies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money.

There are 3 types of business…

Types of Business:

                                              

1. Service Business:

A service type of business provides intangible products (products with no physical form). Service type firms offer professional skills, expertise, advice, and other similar products.

Examples of service businesses are: schools, repair shops, hair salons, banks, accounting firms, and law firms.

2. Merchandising Business:

This type of business buys products at wholesale price and sells the same at retail price. They are known as "buy and sell" businesses. They make profit by selling the products at prices higher than their purchase costs.

A merchandising business sells a product without changing its form. Examples are: grocery stores, convenience stores, distributors, and other resellers.

3. Manufacturing Business:

Unlike a merchandising business, a manufacturing business buys products with the intention of using them as materials in making a new product. Thus, there is a transformation of the products purchased.

A manufacturing business combines raw materials, labor, and factory overhead in its production process. The manufactured goods will then be sold to customers.

Forms of Business: 

1. Sole proprietor:

Typical sole traders include the man-in-a-van type of occupation such as a plumber or electrician. However, the term can also apply to people who run small, web-based businesses from home.

This is the simplest and the most common type of business out there. The sole proprietor is responsible for everything the business does. You trade under your own name, with no separation of assets and liabilities. This means that you’ll be held personally liable for any debts that the business incurs.

2. General Partnership:

A General Partnership is composed of 2 or more persons (usually not a married couple) who agree to contribute money, labor, or skill to a business. Each partner shares the profits, losses, and management of the business, and each partner is personally and equally liable for debts of the partnership. Formal terms of the partnership are usually contained in a written partnership agreement.

3. Company:

Companies are owned by shareholders who each put an amount of money into a central pool. This pool of capital is then added to by borrowing and other forms of finance. Directors run the company on behalf of shareholders, who receive a share of the profits. Each shareholder receives a portion – or share – of the company that is equivalent to what they put in.

A company is seen as a legal entity that is entirely separate from the shareholders.

4. Corporation:

A Corporation is a more complex business structure. A corporation has certain rights, privileges, and liabilities beyond those of an individual. Doing business as a corporation may yield tax or financial benefits, but these can be offset by other considerations, such as increased licensing fees or decreased personal control. Corporations may be formed for profit or nonprofit purposes. 

5. Franchise:

Franchises are licensing arrangements whereby an individual or group can buy the right to trade and produce under a well-known brand name in a given locality. A franchise involves you using another company’s successful business model – and name – to establish your own business. The franchisee benefits from working for themselves while having the privilege and reputation associated with a much larger group.