Share to Twitter Share to Linkedin It’s October, just two-plus months away from the New Year. Have you begun working on your strategy for a successful 2019 yet? As we enter the fourth quarter of 2018, most business owners are looking forward to ending their year on a high note. I challenge you Mr. and Ms. Business Owner, to look further ahead and determine what you want to accomplish for 2019. Just because we’re a little over two months away from the start of the New Year, it doesn’t mean you should wait until then to get started on your 2019 plan of attack. Keep in mind, when developing this strategy follow the KISS principle – Keep It Simple, Stupid. Don’t overcomplicate the plan, the process, or turn your strategy into the Magna Carta. Here are 5 strategies to help you get started: As you’re developing your plan for 2019, it should be pertinent that you bring your key people into the fold. If your key people, your managers, your department … [Read more...] about Get Started On Your 2019 Business Plan
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An Economy In Decline: A Business Owners Survival Guide
Share to Twitter Share to Linkedin If you’re reading this, you don’t have to be told how crazy things are now. Costs of goods are rising, and most people feel the effects of this economic downturn. We’re not quite in a recession, though most analysts predict it could happen in 2023 . At American Management Services, we consult owners on how to customize a plan to protect the integrity of their business through any crisis. Our economy has been trying to exit the covid-19 pandemic. Now, all business owners are faced with inflation, rising fuel and food costs, interest rate increases, labor issues, and supply chain challenges. We’ve worked with owners guiding them through every economic downturn, decline, and recession for nearly forty years. This survival plan is based on our experiences and guidance to those owners. With our proven track record, we are confident that following this guide will work for you too. Your Objectives In … [Read more...] about An Economy In Decline: A Business Owners Survival Guide
Singtel says it does not plan to list Australian unit Optus
- A + A BENGALURU (June 27): Singapore Telecommunications said it does not plan to list its Australian unit Optus, refuting reports that it was working on an initial public offering valuing the wireless carrier at between A$8 billion (US$5.54 billion) and A$12 billion. Singtel on Monday called the news articles published by Australian media "highly speculative", saying it regularly reviews its strategy and that it would make an announcement if there was any information that warranted disclosure. The Australian said investment banks Goldman Sachs and Morgan Stanley had been involved in a plan to float Optus in recent months, but Singtel was expected to pause the listing due to market volatility. Optus had reported operating revenue of A$7.84 billion and core profit of A$2.07 billion for the 2021-2022 period. Singtel shares rose 1.6% to S$2.62 by 0511 GMT. … [Read more...] about Singtel says it does not plan to list Australian unit Optus
Govt must come up with strategic plan to address energy, food security, says Shafie
KOTA KINABALU: The government has to come up with a confidence boosting strategic plan to address the energy and food security issues in the country, says Parti Warisan. Party president Datuk Seri Mohd Shafie Apdal said that while short-term assistance such as subsidies were needed, it should be targeted. He said spending RM77.3bil on subsidies as disclosed by Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz recently, with the bulk allocated for energy subsidies that benefit the higher income group, was unwise and wasteful. He said the move was not sustainable and showed unsound management of the country’s economy. “The subsidies for this year are higher than the entire national development expenditure of RM76.6bil. Where do we get the money for this?” Shafie asked. He said last month, the government had to pay RM7.5bil for the 1MDB debt, and another RM7.5bil needed to be paid at the end of the year. Together with subsidies, the people would have to fork out … [Read more...] about Govt must come up with strategic plan to address energy, food security, says Shafie
CGS-CIMB: Govt’s plan to raise subsidies boosts short-term market sentiment and signals early election
- A + A KUALA LUMPUR (June 27): The government's plans to increase subsidies to cover the cost of living are a positive and could improve market sentiment in the short term as this will help maintain consumers' purchasing power and reduce operational cost pressures on Malaysian companies in the second half of 2022 (2H22). Coupled with the return of foreign labour, this could boost Malaysian manufacturing competitiveness in the export market and point to an early general election in Malaysia in 2H22, CGS-CIMB said in a strategy note on Monday (June 27). Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz announced on Saturday that the projected consumption subsidy expenditure is RM77.3 billion in 2022, the highest ever borne by any government, versus RM17.4 billion estimated in Budget 2022. The projected consumption subsidy covers petrol, diesel and liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour and electricity (RM9.7 billion), … [Read more...] about CGS-CIMB: Govt’s plan to raise subsidies boosts short-term market sentiment and signals early election
‘Money Heist’ director Kim Hong-sun plans new crime series
Director Kim Hong-sun [YONHAP] Director Kim Hong-sun of the Netflix series “Money Heist: Korea – Joint Economic Area” will create a new crime thriller series “Chronicles of Crime” (working title) with Coupang Play, according to the video streaming service on Monday. Kim is also known for the OCN crime series “Voice” (2017) and “The Guest” (2018). “Chronicles of Crime” will be a story about uncovering the truth behind unsolved crime cases through cases that are currently happening. It plans to include real cases. The exact production schedule has not been announced. Kim’s recent Netflix series “Money Heist: Korea – Joint Economic Area” starring actors Yoo Ji-tae, Kim Yun-jin, Park Hae-soo, Jun Jong-seo and Park Myung-hoon is a remake of the globally popular Spanish series “Money Heist.” Set in the same fictional universe as the original series, a group of thieves with different personalities and abilities work together to pull off a heist under the guidance of an ingenious … [Read more...] about ‘Money Heist’ director Kim Hong-sun plans new crime series
Are Black Businesses Ready For Another Recession?
Share to Twitter Share to Linkedin Black businesses were slammed by the pandemic-induced recession of 2020. Although they bounced back fairly strongly in 2021– according to research by Robert Fairlie, a professor at University of California, Santa Cruz–many Black businesses still have some of the vulnerabilities that existed before, such as low cash reserves and difficulty accessing credit relative to other groups. These vulnerabilities will likely still exist in the event of another downturn, the odds of which are growing. “If we do slip into a recession I predict that it will be bad for Black-owned businesses,” Fairlie tells Forbes . He added that many such businesses already struggled through the pandemic “and don't have large cash reserves, owner wealth, or access to bank credit to weather another recession.” The Wall Street Journal reported earlier this week that the economists it surveys have dramatically raised the probability of … [Read more...] about Are Black Businesses Ready For Another Recession?
Phuket’s Central Patong shopping mall plans reopening and recruitment drive
Central Patong shopping mall in Phuket is launching a large-scale recruitment drive on the back of plans to reopen after a year of closure due to the pandemic. Central Department Store, the managers of the shopping centre, informed stores in the Central Patong shopping mall of the temporary closure on February 1 last year. But on Saturday, the Thai department store chain announced on the shopping mall’s Facebook page Central Patong – เซ็นทรัล ป่าตอง saying “Central Patong in Phuket To Come Bank Soon!!” The reopening schedule has not yet been revealed, but the recruitment drive begins from July 6-8. The shopping mall is looking to fill a number of places including salespersons, store staff, cashiers, customer service staff, maintenance and financial officers. Several businesses, especially hotels, had to close because the pandemic stopped tourists from visiting the city. As a consequence, according to the information from Phuket Boutique Accommodation Association, more than 200 … [Read more...] about Phuket’s Central Patong shopping mall plans reopening and recruitment drive
Suven Life Sciences plans to raise up to Rs 400 crore through rights issue
Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Suven Life Sciences on Friday said its board has approved raising up to Rs 400 crore through issuance of equity shares on a rights basis. The company's board approved raising funds through issuance and allotment of equity shares having face value of Re 1 each up to an aggregate amount of Rs 400 crore on rights basis, Suven Life Sciences said in a regulatory filing. The terms and conditions for such a rights issue to eligible equity shareholders of the company would be decided at a later date by a duly constituted committee of the board, it added. "The Board of Directors has considered and approved increase in the authorized share capital from Rs 20 crore divided into 20 crore equity shares of Re 1 each to Rs 30 crore divided into 30 crore equity shares of Re 1 each and consequential … [Read more...] about Suven Life Sciences plans to raise up to Rs 400 crore through rights issue
5 Ways To Be A Better Leader During A Crisis
Share to Twitter Share to Linkedin By Anjan Pathak For any aspiring leader, going through a crisis is a rite of passage. After all, it's easy to be a good manager when everything is going well, but your ability as a leader is truly tested when there is a true crisis. While crisis management may be near the top of a manager's priority list, it is one of the trickiest areas to navigate. Thus, it's not surprising that crisis preparation for a company can cost anywhere from $60,000 to $500,000 (depending on the industry and location). In comparison, unprepared companies in a crisis can spend close to millions of dollars on mitigation while at the same time losing hundreds of millions in reputation and shareholder value. The real issue with crisis management is that it is incredibly unpredictable. You never know when or what kind of crisis will strike. Consider the Covid-19 pandemic. If someone had told us in 2019 that the world would be in a two-year … [Read more...] about 5 Ways To Be A Better Leader During A Crisis