Business & Finance


Principles of Economics

The Principles of Economics 

From Keynesianism to Neoliberalism: Shifting Paradigms in Economics

Business in Africa

15 Things You Need To Build An Online Business

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PS Just a friendly reminder that New videos pop up in different locations all over the site so whats up top is not always whats new on the site.

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Startup Growth: 5 Ways to Support It

Many startups attempt to achieve growth "organically," by selling a substantial amount of products and services to the largest target market possible, in terms of geographic area. But at some point, to keep up with current orders while attempting to achieve revenue growth, a company has few options. It will need to increase production capacity, delay customer deliveries or increase prices, which in effect will turn some customers away. It's a nice problem to have, but it's a problem nevertheless.

When a startup's sales hit a wall in terms of the company's production capacity, it's a little late to be considering production alternatives. So it's a good idea to review your operations in advance, determine what aspects of your production line are running at full capacity and which ones are not, and create a plan to increase capacity when the need arises. The plan might include partnering with another company or developing additional internal resources.

Increase Internal Production Capacity

If a startup remains in business, the time will come when it reaches a maximum level of employee and production line output. To overcome this limitation so the startup can continue to grow revenue, the company must increase its production capacity. Ways that a company can do so include hiring additional employees, extending operating hours, increasing machinery in the parts of a production line that are running at capacity, developing existing personnel by teaching them new skills and running extra shifts.

Partner with Another Company for a Service

One way to gain some traction in growing your output and revenue is to align your products or services with another company's technology. For example, Airbnb partnered with Craigslist to expose their business to the Craigslist user base in the hopes of growing their customer base. While it's unwise to depend on a third party to provide a critical resource or a core competency -- the technology or capability that allows a company to compete in the marketplace -- for the long term, it's a helpful interim solution to a growth-related problem.

Use External Sourcing to Fill in the Gaps

Supplementing your startup's production resources by entering a strategic alliance allows your company to buy the goods that are necessary for your company's operations from another company. For example, an aircraft manufacturer might purchase engines from another company. Items to consider before entering this arrangement include the company's capabilities, employee skills, as well as scheduling and financing options.

Pursue Merger or Acquisition

You can buy resources needed to grow your startup through a merger or acquisition. Either option gives your startup the ability to control the supply of needed resources and key personnel. The option lowers the risk that your production will be negatively affected by a partner's actions or conflicts of interest.

Invest in a Spin-in

Another way to acquire needed talent and products is a spin-in. With a spin-in, your company invests in another startup that's formed to create a certain product and, once the product is produced, buys the startup at a predetermined price. For example, Cisco has invested in and later acquired three spin-ins for an average cost of $763 million each. With a spin-in, the research and development company and the investor agree to a set of milestones that, when achieved, trigger an acquisition.

When a startup is faced with production limitations, it must overcome the problem or cease to grow. Effective leaders will plan for that eventuality long before it happens. The plan might include investing in a spin-in, developing additional internal resources or partnering with other companies to acquire the resources that will allow the startup to continue to grow.

International Economic system

International Economic system by Kwame Hanna

With the state of the World Economies and what it takes to accumulate wealth through the current systems I feel it would be in the interest of the world to come up with an International Economic System. Part of the system should include a way that pays Essential life saving and maintenance professions for their skill so that they do not have to rely on a disaster to be paid for their educational talents. The NBA has a Financial system where the higher income teams share some of their profits with the lower income teams which helps keep the league alive and competitive. I believe that by implementing a similar system we can help developing countries the most. 


Optimize Your Life and Become a Successful Entrepreneur

The fact is that a lot of people are going to be better entrepreneurs than you, whether it is due to their education, knowledge, or experience. It is only responsible that you optimize your life and get rid of any bad habits that are holding you back. You must be the best entrepreneur you can be if you want your start-up to stand a chance.

1. Negativity

Things are going to go wrong and you'll often have a great idea of who screwed things up. It can be tempting to give in to your anger and just let it out through email or confronting them loudly and publicly. Such negativity will only damage relationships with co-workers and partners. Before you go out and tear into an employee, take some time to breathe. In almost every imaginable situation, shouting at them or sending a hateful email is the wrong move -- so don't do it.

This does not mean that you should not confront them. All this means is that your confrontation must have the goal of preventing that same mistake from occurring again. People will make mistakes and for the most part, that's OK. What's important is that people learn from it.

2. Wasting Time on Social Media

Social media can be important as an entrepreneur. It's a great way to raise awareness regarding your product, but it can also trap you. There's always going to be a new post to look at and that constant stream of information can lead to countless hours wasted on something that does not further your agenda.

Limit your social media time to the start and the end of the day. If you do look at it in the middle of the work day, make sure that it's for work. A better idea would be to use a social media management program to schedule your posts so you're not tempted to jump down the rabbit hole.

3. Taking Long Breaks

Entrepreneurs have tiring lives. Even when they're not at work they're likely thinking of their start-up, wondering how they can make it more successful. The problem is that this tiring lifestyle can tempt you into taking longer breaks. Your lunch hour turns into three hours of sitting around, doing nothing, basically wasting your time because you're so tired.

You need rest; after all, you're not a robot. So when you do get rest, do nothing else. Focus entirely on recharging. When you're at home, don't check your email. Do something you enjoy and let yourself recover from your day so you're not tempted to take a long break when you're at work.

4. Missing Out on Sleep

One of the worst things you can do as an entrepreneur is go to work tired. You'll end up sleeping at your desk or -- heaven forbid -- nodding off during a client meeting. This can reduce your overall efficiency and at worst, cost you opportunities. You need to be alert and ready to push your start-up's agenda.

That means getting enough sleep whenever you can. Yes, you'll have to pull an occasional all-nighter, but that won't always be the case. Instead of binge watching your favorite show or logging onto the Internet, turn off all your devices and get some much-needed rest. If you find that your schedule is too tight to allow for sleep, consider either rethinking your schedule or hiring more people to alleviate some of the pressure.

5. Procrastination

Procrastination is deadly. You can have a hundred things on your desk that need your attention and procrastination can and will make sure that you pay no attention to any of them. It is something that can cause you to perform badly by forcing you to cram in a day's worth of work in the last three hours of the day. This bad habit can make you lose sleep by forcing you to take work home. Do not procrastinate.

Bad habits don't have to dominate your life as an entrepreneur. You can stop procrastinating and make sure your breaks don't last three hours. Turn off your favorite show and get some sleep -- it'll still be available later if you DVR it or order a digital copy. Get rid of these habits and you'll find your work life running more efficiently, which improves the odds that your start-up will make it.

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