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5 Key Stages of Asset Management Life Cycle

5 Key Stages Of Asset Management Life Cycle

Assets are the strength of every company. Knowing what you have, where it is and its condition helps in planning for future assignments and meeting business requirements. Earlier, rudimentary asset management was done by the people using traditional methods. Why fix what ain’t broken? As times have changed, it became more and more obvious that the traditional method of just keeping the asset in working condition was not enough. Mass production led to the realisation that an asset when not in use had to be stored properly so that it could be brought back into the production line as and when demand increased. Changing laws for environment safety forced business owners to accept that an object could not just be thrown out anymore. It had to be processed and made safe for disposal and scrap. This led to the modern concept of asset management.

7 Motivation and Mindset Strategies for Business Growth in Any Industry

7 Motivation and Mindset Strategies for Business Growth in Any Industry

Important achievements require a clear focus, all-out effort, and a bottomless trunk full of strategies. Plus allies in learning - Carol Dweck

Success and growth cannot be achieved by sitting idle and assuming that business can now run on its own. It is not your DNA which will decide how far you will go and neither will the success of your predecessors determine your own success. “Motivation” and “Mindset” are the two key elements of achieving business growth in any industry. Goals give direction while motivation and mindset help achieve them. Every day going to work, with a fixed mindset, may help you achieve your goals but it will not inspire anyone to do better. To achieve the wow! factor, you need to have a growth mindset which provides the right motivation to improve and persevere at all costs.

How Do Small Business Owners Go Away On Holidays

How Do Small Business Owners Go Away On Holidays?

As a business owner of 11 years, I make sure that if I'm going to be going away on holidays my staff are completely ready for the event. Some of the things that I do in preparation is write down any task that I do myself and I do that for the preceding three months and I try and think of any task that there could be that needs to be done in the following three months or however long I'm going away on holidays. From there I then write up documented files.

What Is Your Passion and How You Can Make Money From It?

How to Monetise Your True PassionWhat Is Your Passion and How You Can Make Money From It?

Today, I was asked what was my passion and was I able to turn that into a profession. I had to have a think about it because I've been in business for myself now for a number of years. I started my first business when I was only 12, and that continued into an ABN registered company at the soonest possible time of 14 and 9 months. Since then, I've been working constantly. To give you an idea, that means that I've been in business for 19 years or nearly two-thirds of my entire life (as of the writing of this article), which is an achievement by any standard.

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