Category: Business Ethos

  • The Difference Between a Public and Private Company

    You may notice that in business the terms ‘public’ and ‘private’ are thrown around when describing certain companies, but what do these terms mean? A public company is a company that has sold a portion of itself to the public via an initial public offering of some of its stock. Those that purchase the stock are known as shareholders and have claim to part of the company’s assets and profits. A private company is owned by its founders, management or a group of private investors. Using money which is not sourced directly from the public.

    These two types of companies differentiate in the way they disclose their financial information to the public. As public companies are part owned by shareholders they are required by law to file quarterly earnings reports (among other things) to the Securities and Exchange Commission (SEC). Private companies are not required to do this since they don’t trade stock on a stock exchange.

  • Total Immersion, a Tool for Success in Business

    One of the best ways to give your business an edge is to utilise the power of total immersion. When regarding business, total immersion is a process of making your life your business, and your business your life. Everything you do is for the progression of your business and anything outside of this goal is non-essential.

    To dedicate yourself to your business is a potent way to give it a direction. It can become an extremely useful tool in times of difficulty or uncertainty. But it is important to note that it should be considered as a tool, and not a way of life.

    Working to an extreme can be valuable but it can also be dangerous. Addiction to work is a very real symptom of making your life your business that many people fall victim to. Remember to have periods of rest and relaxation amongst these periods of total immersion.

  • Promoting Harmonious Business Relationships

    Business is a cut-throat, do or die, dog eat dog world. Where people are tested against each other and failure is awarded those who can’t keep up.

    This is an example of a way of looking at business relationships, while it seems to be a common theme, it certainly isn’t the only way to go about these interactions.

    To clarify, a business relationship is simply the way a business interacts with another business. Small interactions or big, any form of contact between businesses in this context is a business relationship.

    Harmonious business relationships are interactions with a sense of assistance, assumed familiarity and trust. It may go against many conventional business ideas, but to assume trust in another business, one you may not have had any interaction with at all, can go a long way in establishing a deep relationship quickly. This is important, as the sooner a trusting relationship can be established, the sooner those businesses can begin working together in unison.

  • Working Against an Antagonist in Business

    Many entrepreneurs view opposition as a negative aspect of running a business. The idea that there is another business who’s sole goal might seem to simply feed off of your own success can put people off of business all together.

    While businesses with goals like this do exist, they are certainly not a bad thing and can in fact work to your advantage. If you are running up against a business that seems to be an antagonist to your own, its important to discern how this other business has become involved with yours, in whatever way.

    This means figuring out how exactly your business has lead on this other one. Could you of let your own ideas float freely around for others to take, have you opened up a gap in the market and they are simply chipping at the same node. Whatever the case, knowing how the scenario has come about will help you to understand the situation.

  • Work Harder By Taking More Breaks

    It’s a very common misconception, that to get more done you simply need to work harder. While on the surface this seems like an obvious statement of fact, it does imply that you should do less play and more work.

    Increasing the workload on someone is going to cause that person to strain more so than normal. In the short term this might give that person a needed boost to make that deadline. But when a habit and lifestyle begins to form around the ever increasing workload, problems will start to occur.

    Balance is key. The way to balance an increasing workload is to increase the amount of play or down time you take. It will be difficult to schedule more play around more work, but it’s the only sustainable way to get more done. Mentally you will want to work harder and will push yourself to do so. But without the addition of more breaks, you will suffer health and lifestyle issues as time goes on.

  • Keeping The Mind Fresh By Working On Multiple Projects

    It can be greatly beneficial and more productive to take on more than one project at a time.

    Swapping in and out of different projects can help to refresh ideas and come up with new ones for the other tasks you are working on. It sounds counter-intuitive but working on multiple objectives keeps the mind in motion, always refreshing itself and keeping itself in the loop.

    It’s sometimes possible to over do it though. Taking on too much can overload your mind, losing all of the potential ideas you may of had. Maintaining a balance between different projects is essential, but difficult.

    Balance projects in order of mental difficulty. It may be necessary at certain points in time to focus on larger, individual projects, but otherwise smaller less stressful projects can be juggled more easily.

    It takes time to learn just how much your mind can take on. It’s a long and slow process of building the mental acuity to take on more over time.