The value of failure

Winners know that failure can bring life’s most valuable lessons.  Though this is the case, many still fear losing because of the mental pain and stigma that come with it. What we need to understand is that both success and failure are temporary. This means that one cannot forever get stuck in a particular situation.  And that no matter how good we are, failure is an inevitable part of life, so we might as well take home the lessons that come with it.

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Profitable Business Ideas for Working Moms

Many working moms need extra income. Starting a business while being employed does not mean you have to leave your day job. This is exactly what the owner of an errand services did. She put up a business while working as an HR officer. She only resigned when the business is already stable and earns more than what she gets monthly from her day job. Continue reading

Treat Customers like Royalty

Any size of business will have paying customers. But customers will always vary in terms of their wants and needs; however one thing is common among them, they all want good customer service. When we talk about customer service, we mean how one deals with his buyers before, during and after a transaction. Continue reading

Pattern Recognition: A Skill Every Entrepreneur Must Have

Pattern recognition is a skill every entrepreneur must develop. First, let me define pattern recognition. This pertains to the ability of a person to spot small changes in the environment and make sense of it. Over the years we have seen many changes that have happened, like martial law, coup de tat, economic downturn, boom in the IT and nursing industries. We have noticed them and labeled them because they are big events but these events have originated from little spark of events. In the book Tipping Point by Malcom Gladwell, he said that small events will lead to a tipping point and after the tipping point, events become viral and hard to stop. These group of small events are like small ripples in the sea that expand and eventually go big over time. These Events can be anything from disease to fashion. The role of the entrepreneur in such events is to spot the wave of trend early; to either exploit the opportunity or protect the business from the threat. The key to unlocking the trend is Pattern Recognition.  Continue reading