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April 2015

Traits that Entrepreneurs share

1. You are genuine

In a world where everyone wants to build their brand, be an expert, and get attention on social media, just being a genuine person is an increasingly rare quality. It’s also a huge competitive advantage, as no one wants to work with a phony. You should pursue a business if you genuinely care about solving a problem or improving people’s lives in some way. Forget about all the hype surrounding “launching a startup” and just be yourself.

2. You can take a break

Most people think that the best entrepreneurs live, eat, sleep, and breathe the business. However, it’s usually the opposite. Great business owners are typically grounded, well rested, and healthy. By taking care of yourself, you are better able to take care of your business, employees, and customers.

There are numerous ways to take a break from the business. Keep your exercise routine up, no matter how hectic your schedule gets. Hang out with friends and family. Meditate, go to a museum, take a long walk, or just put your phone aside. Any of these activities will give you the physical and emotional boost needed to make it through the tough weeks.download (3)

3. You know when to cut your losses

I will be the first to admit that nothing came particularly easy to me as an entrepreneur, and I needed to persevere through some very tough times. Grit and determination are critical, but you also need to know when to cut your losses and move on. Clinging to a bad decision is a surefire way to run your business into the ground.

When something isn’t working and circumstances are stacked against you, it’s best to stop, change gears, and move forward in a different direction. After all, the best decision is the one that works, not necessarily the first one.

4. You don’t know everything

The most successful entrepreneurs aren’t know-it-alls. They aren’t even the smartest people. So how do they do it? They know when to ask for help and surround themselves with smart, talented people.

Some entrepreneurs may think they have no weak points, but it’s simply not possible to be an expert in all things. The key is to identify where your weaknesses are: operations, sales, marketing, employee management, etc. Then rely on someone else for those areas. Remember, you don’t have to be a financial guru to hire a great accountant or CFO.

5. You can say no

When you are new to entrepreneurship, it is tempting to go for any and every opportunity that comes your way, whether it’s a last-minute client request or new potential market. However, success doesn’t come from taking on everything, but rather your ability to prioritize all of these opportunities. As Steve Jobs said, “I’m actually as proud of the things we haven’t done as the things I have done. Innovation is saying ‘no’ to 1,000 things.”

For more details please visit http://www.forbes.com/sites/allbusiness/2015/04/22/great-entrepreneurs-share-these-six-traits-and-some-may-surprise-you/

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Management of Human Resorce

Your the manager of a company and allover a sudden an employ requests to go and attend to a personal emergency. However, the very person is the person who is to earn you your biggest pay of the year.

As a manager how would you go about solving such a crisis??

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