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Business Communication

Communication is the ability to connect dual listeners. It is the passing of a message; with the message meaning something and evoking the right response. Business communication is used to promote a product/service/organization in order to make a sale. Business communication can be done in the traditional way (Newspaper, print media, etc) or modern ways …

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People: Hiring and Firing

Running a business requires a lot of efforts and managing the business could be a more difficult task. Whatever business you are trying to build will require the help of other people for you to achieve a great organization. As an entrepreneur, you need creative and intelligent people to help actualise your business or organizational …

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Determining People Needs

Entrepreneurs preparing to hire their first employees should proceed with caution. It’s costly to commit to an employee’s salary and benefits. And what start-up can afford to have even one employee who isn’t working to full capacity? Firing an employee can mean not only severance pay (and sometimes litigation) but also time and resources devoted …

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The Failing Entrepreneur

I was the poster child for entrepreneurship – my restless spirit and ability to seize opportunities where other people couldn’t see it earned me the nickname ‘The Bull’. While in university, I chaired the investment club and set up several thriving businesses; I believed in the principle – never pay twice for a service you …

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Internal Control Systems: Why And How? Part 2

In 1992, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) developed a model for evaluating internal controls. This model has been adopted as the generally accepted framework for internal control and is widely recognized as the standard against which organizations measure the effectiveness of their internal control systems. According to the COSO model …

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Internal Control Systems: Why And How?

The internal control structure of a company is made up of the policies and procedures set up to provide reasonable assurance that specific business objectives will be achieved. In small business organizations, generally, the ‘owner-manager’ controls all the activities of his/her business by personal supervision and direct participation. For instance; The owner generally purchases required …

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Reap Your Blessings

Recently I read the story of the chief typist, the senior typist and the junior typist that all worked with a future Vice President. The junior typist was the hardworking one while the others more or less absconded or shirked their responsibilities to be handled by the junior typist. Of course, the junior typist reaped …

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