Are you an entrepreneur, Startup or plan to start your own business soon? This is the time to recognize your business habits. These business habits increase your success rates and drop your failure.

One of my friend Jack, who did good in their business earlier. After a while, he realizes that their business goes down day by day. He didn’t understand, what is going on? How to handle the situation? there is no any strategy worked and the fund is almost finished.

He did take advice by a mentor to resolve the issues. Mentor reviewed the situation and revealed that Jack had not good business habits. Due to this, he suffers from financial issues. Many of employees already left his company and customer support also destroyed. He did not any backup plan to outcome from this situation.

After developing business habits, Jack made the profitable business from loss-making organization again.

What jack mistakes? Quick don’ts you will also read at the end of the article, which will help you to apply business habits in proper ways.

Team building

Team building is the most important role in entire business. A good team will boom your business and a worst one drag your passion down. Associate great employees in your business and connect even after they leave. It will be beneficial for your business to take advice from them or using their services in emergencies. Always appreciate performers and degrade non-productive employees.

Cash flow

Cash flow is the financial term of any business. This is the not just income and expenses sheet. This is how organization increase their income flow and wisely expand for business. Cash inflow should always greater than cash outflow. This is the good sign of very strong business. All circulations perform better around cash flows. If your cash flow is not proper, You must work first on this concept. Positive cash flow saves and protects growing business.

Stay Financially Updated

Your Business financial document & accounting is the backbone to take the future decision. If this is not organized, how you will take a decision on the big opportunity? You can not en-cash these opportunities without knowing your actual strength. Your financial statement shows, where your business stands and achievements of your goal.

Regular connected with customers

Customers are the biggest asset of an organization or business. Your business is because of your customers. You must have plans to keep your customers forever. You can do it with regular communication with the customer via email, phone calls and messaging. They know about all your executions, products and services you offer.

A happy and satisfied customer always promote your business. Product Up-sell and cross-sell will automatically increase. You do not need to worry about your new product launching because you have the customer base to offer a new product as a trial. They will give you best feedback and review your products and services.

Read, Learn and Grow

In this cut-throat competition, you need to update yourself first, business is going to change every day. You need to upgrade your resources as well as technology. You can provide the latest and updated products as well as services to compete for the market. This will need lots of books reading, learning new tactics, correct small business mistakes for steady business growth. You can do it with online blogs reading, watch videos and listen to an audio podcast.

Third party relationship

The third-party relationship is one of the important business habit. The third party of a business will support business structure, manage your surrounding business pillars. They can be your Lawyers, Vendors, Bankers etc. A good relationship with all these third parties will always make your business stable. this will also make your business processing smooth.

Deadlines

Deliver products or services before deadlines always give you comfort. Develop a processing system which is fast to deliver.

Marketing and sales strategy

Although Marketing and sales strategy is part of your sales department. But you can update your marketing and sales strategy with short intervals. You can check these strategies and replace poor strategy with more aggressive strategy. What customer wants is also a part of marketing and sales division. You should use all marketing channels to excel your business promotion.

Future provisions

All future provisions are inevitable. Your all provision should under your vision and mission without wandering. This will ensure your business going well in future. Business should also upgrade according to fulfill future requirements.

Emergency Backup

To develop a backup system in all your processing will protect your business. There are ups and downs in every business. Create your backup system in good time will save the business in bad time.

Don’ts

• Unorganized business schedule
• Poor customer support
• Business expansion without positive cash flow

Conclusion

You can develop Business habits when you are passionate about. This is not rocket science. You can easily grab and apply into your business life.

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Leverage in small business is the terms to do the big task with small efforts. let me clear, somehow you notice that when you move big machine one place to another place or just push up your car with the help of Jack lever with one by one specific movement. How a small jack pushes up a car which is almost 100 times more weighted than jack.

It’s easy to handle by leverage and you could do the work with help of the bunch of small levers.

Got it !!

let me explain some more example which is related to real life.

Example 1. When you open any lock, there is some lever exist in the lock, and with the help of unlocking lever by lever, you unlock the door.

Example 2. When someone studies, and cleared the exams with good numbers, this is leverage use by him into day by day study.

Example 3. Someone who wanna lose their fat. He exercised daily and reduce fat centimeter by centimeter, here leverage works.

Do not forget download Bonus spreadsheet from the bottom of this article. this will help you to understand how leverage works.

Now the point is, How you take advantage of leverage into your small business?

We see business is so vast, hundreds of task a business person do every day. and he succeeded with the help of leveraging many things. I am going to explain these things one by one.

Financial Leverage

Financial leverage is how entrepreneur plans his money or borrowed money. It can be the form of the business loan, money on interest or it can be the rotation of money. By this leverage, an entrepreneur earns more profits.

I am giving you one example to explain this. Suppose someone takes 1,00,000/- loan from the bank on 10% interest and he spends 10,000 as interest to use this money for one year. He invests this money in product selling which gives 5% profit on each sale every month. the total number of rotation is 12 time with 5% profit.

Now the benefit of this leverage is

60,000/- 5% profit every month on 100000/- * 12 (month)
10,000/- Interest payment
———-
50,000/- profit earned by leveraged money
———–

This is the power of leverage money.

Manpower Leverage

Manpower leverage is the best one part of every business. To be the smart entrepreneur, you should delegate your repeated task to your employees. With this, you can make yourself free for most important tasks. Set a process for all your execution and delegate them.

This is the power of manpower leverage.

Resources Leverage

Company resources can also be leveraged. If you have manufacturing unit and your machinery efficiencies are more than your actual production. you can be rented these resources to earn more. This will consume your efficiency and generate wealth for you.

Network Leverage

Distributors and Dealers have the big network and they retain customers with various kind of products selling. You can take advantage of your product selling and new launching for their network to consume your products.

Customers Leverage

Even you can use your customer leverage as a loyalty. serve them better so they can publicize your products and services. which is greatest leverage example. customers always recommend better services to their colleagues, relatives and known.

Operating Leverage

Operational execution is the repetitive process. Instead of manpower, you should work with machinery to maximize accuracy. this will produce your product with same quality and standards all time. It will decrease your unskilled manpower issues as well as quality issues.

Technology leverage

Business automation process is also one of the best leverage examples. when you automatize your procedures, You will save a lot of company time. when one assembly line you develop with automation, manual process decrease. Also, technology makes task smoother.

Recommended Book of Leadership Leverage success

You would like this article too. – Business habits that can make you best performer

Conclusion
Leverage in small business is the great weapon to sharp your business process. This will move your business to next level. You also identify areas where leverage can be applied to your business cycle.

I would like to get your comments and reviews. You can also share this article with your friends and relative to take benefits of leverage as well.

The post How to take advantage of leverage in small business? appeared first on Nitin Bang.

When you first started your business, you probably did a lot of research. You do everything possible to make your business strategy successful. You may have sought help from advisers from books, magazines, and other available sources. You did invested a lot in terms of money, time and sweat equity-to get your business off the ground. So now what?

So, what is the right amount of growth?

It may seem that companies can coast by simply maintaining the status quo of their business, but I would argue that a company is either growing or dying. How do you ensure you are growing since the alternative is not desirable?

First, you should consider whether you are ready for growth. “But I thought you said that a company has only two options, either to grow or die?”

But you don’t want to launch into a business growth plan too quick without the proper strategy and planning, you must see this article first.

Workforce supply(larger number of working peoples)

Do you have the right culture-fit employees, enough workers and right types of skills?

Discussing this with your team leaders and HR folks can be a real eye-opener. Many companies are challenged with finding quality employees who are the right skills and culture fit.

Communications (external & internal)

It’s time to check your communication skills. How do your communication with your employees? And what about your product suppliers and customers? Do your employees know your brand’s details? And how they communicate with customers?

It might be a good time to chat with your team leaders and formalize your communication plans to make sure that everyone is on the same page. Growth strategy without involving everyone on the same page can cause some miscommunication.

Orders or Service Capacity (Vendor Capacity)

If your orders, revenues, or sales sudden doubled or tripled, could you handle the growth without choking?

Do you have space, equipment, property to fulfill those significant higher orders or service requests?

Can your current vendors manage the jump in growth?

This is very basic that when you are going to grow, your vendor is capable to manage your growth consistently. Non-stop supply and without any delay will be the key point in your growth. else you should search for another vendor who is capable to do it.

Financial Resources

Finance is the Greece to run your business smooth. you should take care of your finance to run the business properly and generate enough cash flow. This is no matter where you arrange this. either from the bank, equity through shareholders or use an alternative financing model.

You should have a extra finance for your company’s bad time or emergency time to prevent any loss.

Are your Clients Grow with You?

As you grow, your customer must grow else your growth will be temporary. your customers only grow when your products or services add values to their life as well as business.

Your customer always expects the same level of attention after your growth. The client should be the first priority of your business.

Growing Business Strategy

“Failing to plan is the planning to fail.”

Most of us have heard this adage, but it cannot be emphasized enough. Business growth strategies need planning, preparation and communication with your implementation team. It would be unwise to underestimate the importance of proper setup. Implement these strategies carefully to be successful in your business.

Related article: How to take advantage of leverage in small business?

Conclusion

This post has given you a lot to think about.

You have the best quality, or maybe you have the fastest turnaround or you have the most advanced product on the market. But Make sure you have something that is unique, that sets you apart and actually matters to your customer. Meaning they are willing to pay for it at a price you can make a profit.

You sense that you may need some help mapping all of this out. If that’s you, then subscribe to nitinbang.com. I would love the opportunity to see how we might be able to help you with planning, preparation, and communication for your business growth.

The post What business strategy you should choose to grow? appeared first on Nitin Bang.

Are you interested in doing your own business and need help to develop your own business model, You are at right place. This article will tell you about business models. Now it’s natural to raise the question in your mind what is the business model?

What is ‘Business Model’?

It is a company’s plan for how it will generate revenues and makes a profit. It explains what products or services the business plan to manufacture and market, and how it plans to do so, including what expenses it will occur.

How to have a ‘Good Business Model’?

To start a good business model, you need to know the value proposition for the business. The value proposition is a business statement that company uses to summarize why a customer should buy your product or uses a service.
Types of business model

It includes the different types of business. It is business models and clicks and mortar business (physical presence + online presence).

The traditional business model includes direct sales, franchising, and advertising – based and buck and mortar based.

Even if two businesses operate within the same industry they likely have different competitive advantages and disadvantages and, therefore need different business models. Every company has the different business model.

Defining your business model
1. The way you will set up your resources.
2. Identify your market.
3. Get and Keep customers, a utility for them.
4. Define and differentiate your products.
5. How you’re going to do all this at a profit.
6. How you define what’ to be done.

How to plan for your business model
Business model planner Offer your customers more in use value than in cash value. Think, there will be payment, but the transaction needs to be a pleasure, not a pain.
Satisfied customers will come back for more and tell their friends. Make sure you have actions live up to what is spelled out in your marketing plan.

Elements for strong business models
Where will your business idea start how should it progress and when will you know you’ve been successful?

Now, for solving your queries, follow these simple steps to securing a strong business model.

1. At initials, all you need is to identify your specific audience.When treating your business model, marrow your audience down to two or three detailed buyers personal.
2. The second step is to establish business processes for that you need to have an understanding of the activities required to make your business model works.
3. Thirdly, you need to record key business resources. Document essential business resources to ensure your business. This includes some common resources example like warehouse, capital, website, intellectual property and customer lists.
4. Now, to find your key business partner, because no business can function properly without the key partner that contribute to business ability to serve customers. When creating a business model, select key partners like supplier advertising partners on strategic alliances.
5. You may leave room for innovation because your business plan is based on many assumptions. After all, until you begin to welcome paying customers you don’t truly know if your business model will meet their ongoing needs. For this reason, it’s important to leave room for future innovation. But be careful; don’t make a critical mistake by thinking your initial plan or a static document.
6. Examples of well-known business models
   Well, the emergence of business model innovation started with Gillette and razor blades. They worked out that if they sold the razor at low cost, consumers would happily pay for blades.

Here you can read the well-known example of business model

The advertising model

It is becoming more popular with the growth of radio and TV. TV earn revenue indirectly from people looking to promote services to the audience they attracted, rather than via consumes paying radio and TV for consumption of their TV programme. If this model is being considered for your startup, it is worth noting. Nowadays examples such as you illustrate how hard it can be to monetize free content even when you have significant visitors’ numbers this model is in decline for most business.

The Auction Model

It is synonymous with eBay, but it has existed for 100 or 1000 of years. This includes the tulip market in Amsterdam. The famous examples, there are also different types of auctions from English to Dutch, Vickrey, seated bids etc and even they have several characteristics: their price is not fixed; their features, the intent helped in building this type of business model.

Add–on model

It is not the best way to promote your business. In this, the consumer is not getting the deal that they initially assumed.

The Affiliate Model

Affiliate is someone who helps you to sell a product and in return for a commission. But they never actually take ownership of the product. They simply get rewarded for referring the customer to the retailer when they make a sale. It is a huge success with which the internet facilitates it.

The Direct Sale Model

This means the direct sale of your product. However, which the emergence of the internet as distribution channels meant that producer could sell their product and sell directly to customers themselves. The PC manufacturer Dell is a great example. This is well known as Copycat Business model. This business model also can make you the millionaire.

The low-cost model

This is a well-established business model where the main aim is to focus on your customer but by charging at a very low price. In return, revenue is earned. This cost very less price. These can include: selling the ticket of the train, lottery tickets sale, advertising on seats, flight insurances, reprinting a boarding pass etc.

Related Article: How copycat business structure makes you a millionaire?

Conclusion
If you are looking to build a new business and are about to draft a business plan, you should also spend time working out your optimum business model as well as drafting a visual representation.

The post What is Business Model? How does it work? appeared first on Nitin Bang.

From childhood, everyone on earth, learn with the copycat. every human being learns from their parents, guardians, colleagues and from society. If we do not copy, how can we learn anything like language, expression, etiquette and living style?

Without copycat, we cannot communicate with others even know the next one’s thinking.

Innovation comes with a limited edition from the limited person. Then why not copycat a profitable business model to be successful.

Human being is a great aptitude for imitation

What’s innovative about copycat business?

Every entrepreneur is different from others. The only system can be a copy, not resources, not the setup and not the prospectus. If anyone knows about a successful business system and wanted to be successful, then speed and investment strategy can give the next level.

There is not required to re-invent the wheel again, the sum of efforts and passion makes you successful. The innovative part is the passion you have to do it successfully. Copycat should be an effective and sustainable strategy for entrepreneurs.

Why should you use copycat success business model?

Copycat business entrepreneurs are going fast, go strategic and replicate the business model. Copycat business is easy to start, fewer efforts needed and no need to struggle with hit and trials. chances of failures are almost none if exact business model copied and implementing a process in the same way.

Limitation of copycat business

When we talk about limitation, we should not forget about our objectives and goals in copycat business. Two entrepreneurs have different goals and objectives. Their actions depend on their personal experiences and vision. Copycat is good when you know about successful business model very well else you will ruin all your ethics due to lack of innovation. If you want to develop the unique concept, you should not go ahead with the copycat business model. You should not start copycat any business model without inspecting the proper system.

Business model where copycat appreciated

Direct sales

Direct selling is dependent on copycat business model. In this business, Product selling model is one to one and first use then serve basis. Leaders make a group and show how to sell the product in a particular way, selling process will be copied every time. followers do the same and get success in their life.

Trade Business

Trading business or distribution also work on copycat business strategy. Every small distributor network wants to become a wholesale distributor. they do better with their leader, they attend seminars, local meetings. They associate and make things happen.

Network Marketing

Network marketing also based on replicate business. This business structure appreciates copycat business formula.

Franchise

Franchise business model based to provide same quality product or services of their parent company. you need to follow your parent company guidelines.

How can you succeed with the copycat business model?

If you read this line, it means you are extremely interested to start a copycat business model. but how you can start is the biggest question in your mind. here I am going to reveal this.

1. Find a business model

At very first you should find a business model what you start to copycat.

2. Find a leader/mentor

Find the leader in that business and know how they work? you may know about their products and branding strategy via social media and other promotional activities.

3. Inspect their working style

How they actually did the things is most important and for that, you should inspect their working style. business setup and their revenue model are also the important factors when you are going to follow.

4. Start follow their guidelines

You must start to follow your leader and their guidelines. you may disagree with some of their terms but remember your vision is to be a success with a successful business model. you should take care of it. you may ask the reasons if you feel uncomfortable with the process.

5. Progress check

You have to check your progress in a timely manner. either in monthly or quarterly. this will put you on track. you should re-inspect your own business and compare with your ideal business model.

6. Discussion with your mentors or leader

Makes a list where you want to improve and healthy discussion with your leader to do better. ask process with them and update yourself.

7. Stay motivated

You should motivate when you copycat any business, listen to success stories in your business. Read books and meditate yourself. This will give you the inner strength to build your business faster and better way.

8. Enjoy Success with legal aspects

Do not execute anything which is illegal or beyond your objectives.

9. Make your own prospectus

If you develop some more prospectus leading to you, you will know more lacks in your business. help them to do better. you will know more if questions arise. you will develop your own network.
Things work

There is the universal law that things work, if you seed then you reap. 1 action is louder than 1000 words. you should do better in that manner.

Related Atricle: What is the Business Model? How does it work?

Conclusion
In conclusion, you should go with copycat formula when there is exist profitable business model and revenue model. do not play with anyone’s business ethics and do it in legal terms. If you have any more ideas or suggestion for the same, just comment and share this blog with your friends.

The post How copycat business model makes you a millionaire? appeared first on Nitin Bang.

The business vision statement is the primary and predominant statement when you begin your business. Vision statement always keeps your business structured, well scheduled and keep employees motivated.

In case, Your business looking dull or your business growth is going to be stuck, then vision has the most important role to recover all business obstacles and restate your business thoroughly.

Do you have your business vision? just remind it, did your business vision hazy due to a busy and tight schedule? and also you sense something goes to be lack. this is an instant question to you which may improve your business values.

as an instance, in case your organization vision is to serve high-quality products with good customer services, then you should only focus on your vision and you will become the success.

Most of the cases I did realize, if the business does not have a vision, then there is lack of integrity in working, there is the communication gap between all employee from
upper level to bottom level. there is no enthusiasm to go ahead. and passion is almost nowhere. everything is like a workload to do.

If you attach with my question emotionally, let’s take a look at with a list that why vision is a necessity for a business?

1. The great inspiration to fight your business obstacles.
2. To encourage your team, the vision has a vital role.
3. Vision statement always motivates you to do things better.
4. it injects accountability of performance and set output oriented targets.
5. With clear business objectives, you can convince your customers, investors and management.
6. Chances of succession is automatically growing with your business strategies.
7. Vision leads to productivity impact and gives company strength
8. Strategic plans and marketing strategy around your business vision creates loyalty to your customers
9. Business Vision develops a clear direction for the organization to stay integrated and enthusiastic.

How to develop a vision statement?

Before we begin to develop a vision statement, just ask yourself 2 questions.

Why do we exist today?
What do we aspire to be in the future?

After these questions reply, you are able to develop your vision statement. vision is not the one minute process, you have to overview your current business and what heights you want to give your business, is vital queries. You can share this with your management, your customers so they can suggest you better vision statement suitable to your business.

Conclusion
When a person begins a new business with lots of dreams, the expectation of great success. then he must understand the ground rule of business is to create a good vision for upcoming years. Your vision stands for your ups and downs. When your business up, it brightens and makes your business glory. and when your business down, it gives you strength for the fight with obstacles, and do your best in business. so keep your business vision and get new heights.

Is there anything I left here? write me in the comment box. Appreciate your suggestion.

The post Do you know the importance of your business vision appeared first on Nitin Bang.

You are human and being a human you like to do something which does not reward you anything but makes you satisfy, gives you pleasure. And that is called a hobby. No matter your hobby returnable, but you like to do all the time without any timely manner.

You can do it even when you are free, occupied, tired or hassled. To be busy is nothing than engage with your priorities. Do you really know what your hobby is? How can you get hobby income? Just take a piece of paper and write the task what you love to do without any time bond. A task which gives you pleasure, give your soul satisfaction and you are passionate about it too much.

There are two types of hobbies-

• Product Base
• Services Base

Product base hobbies are those where you create some product as your hobby for ex. Create items with waste material, affordable and daily based products like to create cleaning items, make cookies and chocolates, decorative items etc.

Service base hobbies are those where your presence is essential for ex. Photography, playing games or interior designing, content writing or create educational videos etc.

I am talking about hobby business ideas to make money on this blog. And step by step guidelines about how to find a hobby and crafts that make money.

Identify your hobby
Once you identify your hobby, you are aware to groom itself. You should learn enough knowledge to do it at your best level. It is the basic requirement to sell your hobby that you must know well your products in such ways, else you can’t face your customer’s query.

Identify objects what could be monetized
After identifying your hobbies, you are aware of what objects you can monetize your hobbies. You should consider hobbies that make money.

Let me explain with few examples-

If you are creative and know how to create creative items with waste material, you can earn with your final product, this can be your source of earning.

If you are playing then you can go in tournaments and can play for society, school or your community. You will be rewarded for it also. People know you and you become a popular personality in your field.

If your hobby is to collect coins or antique products, you can start to participate in the exhibition and earn with your hobby.

If your hobby is drawing and paint pictures, you can go with paintings and sell it online as well as offline in painting exhibitions

If your hobby is to create animation, videos, you can monetize your hobby with youtube.com

There are hundreds of options where you can build a business with your hobby

Build sincerity
You need to create discipline in your hobby if you want it to be monetized and make money, you should focus on your hobby, need to increase your knowledge about your hobby and improve your skill, you must develop a sincere plan for what you want to be and how you can do it?

Set up a master plan

After developing sincerity, there is need to set a plan about your hobby, which is going to be a business plan, that is very crucial and basic step where your efforts and approach should be in the right direction.

How you sale your hobby? how you market your hobby? how you grab customers who are interested in your hobby and products. What kind of service you will provide if you develop a network and sale your hobby products or services.

All of these are matters of planning that hobbies to do at home and get hobby income. I will provide you a check sheet to help to create your master plan.

Hook with your plan
This is the time to hook with your plan where you need to track your potential customers, manage all your inquiries about your products/services. How you set up plans better. You can use social media platforms to market your products.

Control the business structure
This is the structure where you are settled your business structure, within a month or two, you will structure your base business plan that how you make your sale, how you reach to your customer and provide your products, how much effort to need after sale support and training if required. Its call complete control management over your business and hobby. There is a necessity to make a healthy setup between your hobby and business. Do not overwhelm with your hobby and business. It’s going to be smooth and for that, you will search new tricks for more sales with less effort.

Make it regular
If you are not regular with your hobby and business, you must start with base efforts again and again, because people forget you and about your hobby, they should remember that you provide particular products or services, so people remember you, keep in touch with them and ask them about their network to purchase with you. Finally, your marketing strategy will work, in which you are comfortable.

Convert it to sale
After Marketing, social media advertising you must focus on sales too. If you don’t make any sale, all efforts will not make money. The important part of your complete cycle is sales your products in a good manner, you should provide information about awareness to people about your products, for ex. If you make clay articles you must say to them about clay quality, environment-friendly color with low price etc. this is the sales strategy to give the boost to your sales.

Additional helping tips
Some very basic tips I am giving you are hereunder –

• Calculate your product cost and price because you are here to earn money, not losing it.
• How much cost you can cut off in product making charges
• What will be your profit margin?
• You should focus on a delivery point of view also
• What services you offer with your products which you can easily handle, remember this is your hobby.
• Connecting with your customers
• Delivery options

Passion and patience both are very important words to inspire your sale.

Conclusion:
So, what is your hobby? Just write me and what is your planning to monetize your hobby, if you still do not identify your hobby and want to know how you can monetize it, write me in the comment box, I will help you to develop a plan to make your hobby profitable. (Share it, subscribe and comment to get more updates)

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I am MBA, Having knowledge of Business so well, but I wonder when my MBA degree and knowledge helping in my Dad’s Business. Many of things revealed when my dad planned to expand business and want to boost sales in down economy. and now I am going to inform you about MBA degree to encourage if you are going to join MBA as a degree course. this is not just degree, it transforms your business life as well as personal life.

What is an MBA Degree?

The MBA (Master of Business Administration) is a postgraduate degree that is awarded to students who have mastered the study of business. The MBA degree is thought to be one of the most prestigious and sought-after degrees in the world.Students of MBA programs study the theory and application of business and management principles. This type of study equips students with knowledge that can be applied to a variety of real-world business situations.

Why Get an MBA Degree?

The main reason to attend school is to increase your salary potential and advance your career. Because graduates who hold an MBA degree are eligible for jobs that would not be offered to those who hold only a high school diploma, an MBA degree is almost a necessity in today’s business world. In most cases, an MBA degree is required for executive and senior management positions. There are some companies who will not even consider applicants unless they have an MBA degree. People who hold an MBA degree will find that there are many different types of employment opportunities that are available to them.

What Can You Do With an MBA Degree?

Many MBA programs offer an education in general management along with a more specialized curriculum. Because this type of education is relevant to all industries and sectors, it will be valuable regardless of the career that is chosen after graduation.

Types of MBA Degrees

When it comes to the MBA degree, there are many different disciplines that can be pursued and combined. The options shown below are some of the most common MBA concentrations/degrees:

• Accounting
• Business Management
• E-Business/E-Commerce
• Economics
• Entrepreneurship
• Finance
• Global Management
• Human Resources Management
• Information Systems
• Marketing
• Operations Management
• Strategic/Risk Management
• Technology Management

Where Can You Get an MBA Degree?

Much like a law school or medical school education, the academic content of a business school education does not vary much between programs. However, experts will tell you that the value of your MBA degree is often directly related to the prestige of the school which grants it.

Every year MBA schools receive rankings from various organizations and publications. These ranking are determined by a variety of factors and can be very useful when choosing a business school or MBA Program. Click here to get a list of the Top MBA Schools.

Every year business schools receive rankings from various organizations and publications. These rankings are determined by a variety of factors and can be very useful when choosing a business school or MBA Program. Here are the top schools for Finance.

1. Wharton School of Business
Renowned for innovative teaching methods and a wide range of academic programs and resources, Wharton boasts the world’s largest and most cited faculty.

2. University of Chicago Graduate School of Business
Most well known for their analytical and quantitative focus, the University of Chicago’s Graduate School of Business traditionally places about 80% of their graduates in finance and consulting jobs.

3. Yale School of Management
Yale School of Management offers an outstanding learning experience with an emphasis on teamwork. Classes are small and coursework is rigorous.

4. Columbia Business School
The programs at Columbia Business School place a strong emphasis on Finance and International Management, but the school is known for churning out graduates who are strong in many other specializations.

5. Tepper School of Business
The programs offered at Tepper place a strong emphasis on general management, but Tepper is also known for a wide range of specializations, including Finance, Entrepreneurship, Operations Management, and Information Technology.

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Selecting a course and college is always the most difficult exercise for any student. presents you a set of dos and don’ts. So here we have 4 mantras to choose the right course and college.

“I spent one-year doing engineering and ped out because my interest was Physics,” says Senior Advocate and leading public interest lawyer Prashant Bhushan, who finally settled into law. But very few students have the luxury of time to change course midway. So it is imperative that one identifies the right course the first time.

(photo courtesy : smkh.ycdsb.ca)

Here are some pointers on how to go about

1. Course Vs College: A college education is not only about studies, but also about the opportunities one gets, the peer group one interacts with and lifelong friendships one can form. “Old boy network is alive and kicking,” says S.Rajaram, a media professional, and former student of Maharaja’s College, Ernakulam. So irrespective of the place one studies, studying in a reputed college always helps. Between a college and a course, especially in non-professional programmes, the college wins hands down. But do not get into any course, just for the sake of entering a college. For someone who hates numbers, doing Mathematics even from Delhi’s hallowed St. Stephens would not help because he or she will not enjoy the course. So as far as possible study what you like and what your capabilities allow you. Says Prof. Sanjay Srivastava, a Ph.D. in Psychology and Dy. Director General of Amity Business school, “When it comes to the selection of a course, it is important to understand what one dislikes and not to do that.”. Rest would, of course, fall in line, since interest and passions change over time.

2. Passion is an abused word: Narayana Murthy was a passionate Marxist and wanted to be a politician. But passion is a transient phenomenon according to Murthy, who eventually went on to become the father figure of Indian software industry. So unless one is absolutely sure, or one has the natural flair or talent for sports or music, pay more attention to opportunities that are opening up and choose a course that would help you realize them. For example, communication-related options are plenty now. So, according to Career Counsellor Arun Sarma, courses like English Literature, Journalism and Mass Media are gaining currency. But Dr. Dheeraj Sanghi, an architect, warns that interest matters when it comes to professional courses. One who is not good at tinkering with materials shouldn’t opt for mechanical engineering.

3. Sciences are not superior: Prof. Deepak Kumar, a professor of education at JNU, says, “What is important is to aspire to excellence in any domain you choose to study. No subject is implicitly better than the other.” Data, on the other hand, is in favor of sciences. A recent study published in the magazine US News says that science graduates out-earn humanities by a factor of two. But Humanities too offer a lot of options, especially in fields like communications, management and administration.

4. Interest does matter: Shirali Tyabji, who recently graduated from Shristi School of Design, on the other hand, says interests do play a role and must not be ignored. This is true about courses which demand a modicum of talent, like the design, arts, music, filmmaking etc. Unless one has a flair for these domains do not venture into these fields. But when it comes to Sociology and Economics or English Literature and journalism, one need not be too narrow and a selection based on a combination of potential opportunities and interests must do the trick.

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