Facts On Business Coaching

In every industry there are misunderstandings,, common myths, fictional stories and personal opinions. Business coaching is no different. The more popular this industry becomes the more susceptible it become to untrue allegations.

This article helps to shed some light on this industry and provide you with some business coaching facts.

Many of the business coaching facts found in this article are courtesy of survey results provided by the International Coach Federation. Others are the finding of separate studies.

Fact: There are over 25, 000 business coaches in the U.S. alone. Many of them coach both online and offline businesses. While business coaching may seem like the new kid on the block, the truth is the foundation is well established.

Fact: Over 40% of Fortune 500 companies use business coaching. Business coaching is not just for inexperienced entrepreneurs. Even large corporations and people with MBA’s utilize business coaching.

Fact: Coaching is about learning not teaching. Coaches are not teachers. They can teach you a lot but they are not there to teach you how to run your business. They may not know how to do things better than the client.

A coach can observe patterns and set the stage for new actions and then work with the individual to put these new, more successful actions into place. They are not there to do the work for you.

Fact: Most clients do not turn to coaches simply for monetary advice. They turn to their coach for help on time management as well as career guidance and business advice. To a lesser but still significant extent, they seek coaching on family, relationships, wellness and spirituality.

Fact: 98.5% of coaching clients said their investment in a coach was well worth the money

Fact: Coaching is a process not an event. The true process of coaching requires getting at the ‘root cause’ of deficiency. If your company is lagging there is a reason.

Business coaching is need to help get to the root cause. You have to be willing to accept the cause, overcome it and then begin changing the effect it has on you and your business. All of this is a process.

Fact: Coaching is not the same as consulting or counseling. Coaching is about creating a win-win alliance. Coaching looks at businesses holistically.

Fact: 61% of clients report having greater job satisfaction due to coaching.

Fact: Coaching can produce a 529% return on investment and significant subtle benefits to the business.

Fact: Not all business coaching firms are genuine. They will try to set up cult-like organizations. These organizations try to control businesses, push products on them, and do not have the business owner’s best interest at heart. This is why it is important to research an organization thoroughly, and ask your coach for qualifications and references before continuing to work with them.

Fact: According to most clients to be a sounding board is the number one role of a coach. They want a coach who will provide honest feedback and really listen to them. They also use them as motivators, friends, mentors and spiritual guides.

Fact: More than two thirds of clients attributed to their coaching a higher level of self awareness, smarter goal setting and a more balanced life.

These Business Coaching facts should help you see what you can get out of coaching but also what you may have been wrong about. A business coach helps your business performance by giving you an outside perspective.

They don’t build your business for you, complete tasks for you nor should they compare clients or coworkers within an organization. They help you reach your business goal by deciphering what is limiting your progress.

Popular Business Trend In The Philippines

Franchising businesses had gained a lot of popularity in the Philippines when many Filipinos had started to go for this business rather than starting their own business from scratch. According to many experts, the reason why franchising became a popular trend in the Philippines is because of the many new franchising businesses which made it easier for many Filipinos to start their own business. This is when food-cart and food-stall businesses had been introduced in todays franchising industry.

Popular Business Trend in the Philippines
Franchising had been practiced in the Philippines for many years. However, it was only recently in which these types of business process had gained a lot of popularity and demand in the market.

The reason why is because of many new franchise businesses which was made available to provide Filipinos with the opportunity to start a profitable business. This is when food-cart and food-stall businesses were introduced in the Philippine market.

Advantages of Small Franchise Businesses
The advantage of small Franchising business Philippines, such as food-cart and food-stall businesses, is its cost, which is significantly lesser compared to larger franchise businesses. Because of this, many Filipinos were able to acquire a franchise compared in the past in which the only the wealthy were able to acquire a franchise.

In addition to its lesser expensive franchising costs, these small franchise business in the Philippines normally doesnt require any proof of managerial experience or any MBA certifications, which are usually, required for larger franchise businesses. This allows many Filipinos, even for those who have no experience in handling a business, are given the opportunity to start a profitable business. This is also serves as an important learning process for many entrepreneurs.

Significant Impact of Franchise Businesses in the Philippines
According to the PFA, or the Philippine Franchise Association, the growth of franchise businesses in the Philippines had contributed largely to the growth of the Philippine economy.

Due to the growth of demand for franchise businesses in the Philippines, thousands of enterprises were created to accommodate this demand, in which this growth had also led to the generation of hundreds of thousands of jobs, making franchising an important tool in the countrys economic growth.

It was also because of the growth of the franchising industry of the Philippines that gave entry for Filipinos to introduce their brands and concepts in the world market. Another is that the growth of the Philippines as the franchise hub of Asia when it comes to the development of franchise concepts

Why Buy RV Rental Insurance

Many people choose to rent recreational vehicles (RVs) to use while on vacation. Some of the time, these rental RVs can be covered through the drivers auto insurance policy. The way to do this is to first obtain an Insurance Binder/Endorsement from the auto insurance provider. Next, the RV rental agency must be added to the auto insurance policy as an additionally insured and a loss payee. There are many limits and complications to this option. Many drivers find that this coverage is not adequate and choose to purchase additional coverage through the rental agency. This is often a better option because it is less complicated and provides more comprehensive coverage. RV rental insurance is usually very reasonably priced and is most often secured through MBA Insurance.

It is a good idea for RV renters to purchase additional RV rental insurance. This covers the renter if there are damages to the RV, or if the RV damages other vehicles or property. The fact that most RV renters do not regularly drive RVs makes rental insurance a particularly good idea. RV rental insurance can usually be purchased from the RV rental agency for a reasonable daily fee. The fee varies depending on the rental agency and the particular model of RV. Insurance for smaller RVs starts around $15 per day, with medium sized RVs often costing $20 a day, and the largest models costing $25 daily. It is usually a good idea for renters to purchase Supplemental Liability Insurance. This insurance usually costs about $10 a day and provides the renter with liability protection up to one million dollars.

Most RV rental agencies provide insurance through MBA Insurance. MBA is the top name in RV rental insurance and has provided its services since 1978. MBA protects both renters and the rental agencies. Their policies save the rental agencies money by insuring the renters and keeping costs low for the rental agency. MBA Insurance provides the renter with full coverage, including liability up to a million dollars, collision, uninsured motorist, and comprehensive. Most RV renters choose to purchase this insurance through the RV rental agency, but it can also be obtained through the renters auto insurance company in many cases.

RV rental insurance covers the renter for most road-related damages and liability. Most RV rental insurance doesnt cover the interior of the recreational vehicle. Renters must be especially careful with the appliances and furniture in the RV, as those items are not usually covered by insurance.

Pgdm In Marketing The Path To Rapid Career Growth

Marketing is the driving force of every successful business unit today. With the global village having an increasing number of aware customers, the demand for well-marketed products and services is on an ever increasing rise. And with this has increased the need of people expert in marketing techniques who with their knowledge and skills can keep corporate organisations abreast with the latest developments in the marketing field. Such organisations look for marketing managers who bring to the table innovative concepts backed by analytical skills and application abilities.

To get a strong background in marketing, a PGDM in Marketing is of utmost importance. A Post Graduate Diploma in Management (Marketing) programme is designed to give you 360 degree knowledge about the various aspects of marketing and its nuances and technical aspects. It grooms you to become an accomplished marketing manager, who can cater to the needs of various corporates, brands, and customers help business flourish. With a PG Diploma Marketing you will have a better understanding of the long term vision of organisations, will be able to analyze and assess the market environment better, formulate strategy and implement plans for achieving organizational goals.

All Top MBA institutes of India have this course on their program list. The program boosts the confidence of the candidate by inspiring a global vision. It helps develop interpersonal and teamwork competencies in an individual. Enhances his capabilities to anticipate and manage change. Makes the candidates strong enough to be able to take decisions under risk and uncertain environment, especially in the area of global marketing. It also sharpens an individuals communication and presentation expertise.

Accordingly the PGDM in Marketing teaches the students the basic concepts of marketing rising to the specialized issues and giving them an insight into the dynamics of the business environment. The curriculum is designed keeping in mind the current and emerging issues in business as well as in management with special reference to global marketing. Students are given the chance to execute live projects and have to be attached with a business house as interns for practical project work as a part of the regular courses. Industry interaction and on-job experience are things that the program lets you have an edge with.

The duration of a PGDM Marketing course is of two years. You need to be a bachelor degree holder in any discipline with 50% marks in aggregate. Final year graduate students can also apply. Admission is generally through GD and Interview after good score in CAT/MAT/XAT/ATMA.

As an MBA in Marketing Management or PGDM Marketing you have various career options open before you. You can get into corporate marketing, product and services marketing, e-marketing, social marketing, retail and media marketing etc. This is the most diverse and always high-paying career option. This field gives you a rapid career growth.

Popular Philippine Business Trend For The Masses

What made franchise businesses a popular trend in the Philippines? Although it was only a few years ago when this business type had gained a lot of popularity and demand in the country, franchising had long been practiced in the country. The only reason why franchising had gained a lot of popularity is because of small franchise business in the Philippines.

Popular Business Trend
According to many business experts, franchising had gained a lot of popularity and demand in the country. The reason why, according to many business experts, is because of the popularity of food-cart and food-stall businesses.

Unlike in the past in which most franchise businesses were fast-food restaurants and convenient stores, or any other large businesses, which only the wealthy were the only ones that can afford its franchise costs and overhead costs, franchise businesses of today are geared towards the average Filipinos. Food-cart and food-stall businesses, according to many experts, are far less expensive compared to the cost of a whole fast-food restaurant.

Far Less Expensive Franchise Costs
According to many business experts, the cost of a simple food-cart franchise business can go as low as 25,000 Philippine Pesos. Its cost made it easier for Filipinos to afford starting their own small but profitable business through franchising.

However, like any other types of franchise businesses, the more popular and recognize a business is, the more expensive it gets. One of the most expensive food-cart businesses available in the Philippines today can go as high as 250,000 Philippine Pesos to 350,000 Philippine Pesos. It all depends on how popular the business is.

Simpler Business
In addition to its lesser expensive franchise costs compared to larger franchise businesses, food-cart and food-stall businesses are also known for its simpler requirements compared to larger franchise businesses.

Most small franchise business Philippines wouldnt usually require any credentials from the franchisee other than their payment, while other more successful franchise business may require experience in handling a business as well as in marketing. However, this can be easily achieved by anyone with any experience. Not unlike larger franchise businesses which will require experiences in a managerial position or have attained an MBA.

Other than just the requirements, food-cart and food-stall businesses can also be easily placed in any high-profile or high foot-traffic location, such as in malls, shopping centers, bus and train terminals, and even in wet markets and in the side-walks, which usually dont require any construction.

An Introduction of Financial Management Book of SMU MBA

A well known university SMU is most famous for health and medical. Now, it is famous for distance education also. In the recent days, it has been known for distance MBA very promptly. The university provides own written books for its MBA education. There is an introduction of financial management book.

There are 15 chapters in the book. The book deals the management problems and financial resources in business firms. Financial management is known as basic managerial actions relating to the three major decision areas such as investment, financing and dividends and working capital management.

The book comprises 15 units:

1.Financial Management – the chapter explains the meaning, scope and examines the goal of corporate financial management. 2.Financial Planning – the chapter explains the meaning and need of financial planning. 3.Time Value of Money – the chapter introduces about time value of money and discounting of cashflows. 4.Valuation of Bonds and Shares – in this chapter writer explains about the valuations of bound’s principles and equity shares. 5.Cost of Capital – this unit describes the concept of cost of capital. 6.Leverage – it is one of the most important chapters in the financial management which deals financial and combined leverage. 7.Capital Structure – in this chapter many theories of capital structure has been introduced. 8.Capital Budgeting – the chapter explains the meaning, significance of capital budgeting decisions and about various investments of appraisal techniques. 9.Risk Analysis in Capital Budgeting – there has been introduced risk in capital budgeting decisions. 10.Capital Rationing – it examines the steps which involved in capital rationing process. 11.Working Capital Management – there are various concepts of working capital and factors that influence the working capital requirements in a firm. 12.Cash Management – this is the most important component of working capital. 13.Inventory Management – the unit describes about various forms of inventory management. 14.Receivables Management – cost of maintaining receivables, formulation of credit policy and determination of an optimal credit period has been discussed in the chapter. 15.Dividend Decision – basically, the chapter deals about payment of shareholders.

These are the brief description of financial management book of SMU MBA. A student can find more about these chapters in the book of Financial Management.

Gian Brett is an expert writer of various subjects. He has written many articles on Financial Statement Analysis also.

Operation Management Programs

Operations management is one of the best options undertaken in the MBA Programs. It is an umbrella term used by professionals in the corporate world to refer to the actual management of the manner in which firms produce goods and services. It involves all the processes of production, packaging, transportation and delivery of such goods or services produced to customers. It also includes the process of procuring raw materials from competent suppliers to ensure the firm experiences no shortages in the same.

Operations management is one of the most vital departments in an organization. It is the key to any long term performances of a company. Without proper management of a firms operations it will definitely fail. It requires more employees than any other department. This is why many business schools have incorporated operations management into their MBA Programs.

Without the necessary skills, the manager may find it hard to oversee the sequential and interrelated activities involved here. The transformation of major components of the whole operation such as information, labor, raw materials and clients may be a hard task to accomplish. A good operations manager must be smart in designing, managing and tracking all these operations. The quality of the end product is what matters most.

How should business schools teach operations management?

A good school of business should give priority to operations. In other MBA Degree options depend on operations. Finance, Accounting, Human Resource management, etc all derive their existence from a firms operations. Students are expected to come out of this schools fully equipped with the necessary operation skills that will add value to their future firms.

The focus of these MBA Programs should be on the study of performance of business models as well as the measurement systems. This will aid a student in making proper design and management of such business models during their employment. It is all about laying proper strategies. The major areas covered in operations management include but not limited to:

i. Supply Chain Management

This involves the study of the analysis of corporate purchases, manufacturing processes as well as distribution of the finished products or services. This is seen as the heart bit of any companys processes. The major purpose of this field of study is to ensure the students are equipped with skills relating to the strategic and systematic management of the dissemination of information and material within a firm. It can also be referred to as the supply network management.

ii. Service Operations

Operations management also covers the area of service provision. The service industry too has a systematic manner in which information flow is to be managed, and acquisition of the necessary materials and services to aid in delivery of the same. For example, the company advocate will require the necessary information about the company to aid him in signing some legal documents on behalf of the company.

iii.Innovation

No specific business model works for all firms. It is therefore during these operations management MBA Programs that a student is taught how to come up with new ideas when the need arises. They are required to think outside the box. Modern technology should be adhered to in order to prevent the firm from becoming obsolete. iv. Business Environment

The adaptation to the ever-changing business environment is one core component of MBA studies.

A Synopsis On Marketing Jobs In Singapore

Singapore has long been associated with the manufacturing industry and it is only recent that the county has been focusing on its marketing strategies for both local as well as international markets to enhance success ratio. As a result there has been a visible increase in the marketing jobs in Singapore. The demand for skilled professionals in this field rose dramatically between 2010 and 2011 which caused an increase in the institutes offering MBA and other marketing courses as well. More and more students have been opting for these courses. Since the global economic meltdown took place Singaporean companies have been considering individuals with higher years of experience apart from having impressive technical skills, for it would authenticate their quality of work.

General market predictions indicate an expansion in the presence of international companies in Singapore which would imply that employees will have to adjust to international business strategies and styles. Hence, for marketing careers in Singapore, professionals need to first understand the dynamics of the profile which can be though challenging, but also very interesting and would require lots of positive attitude on their behalf. Those interested in marketing jobs in Singapore must know the role and responsibilities of a marketing professional first.

1. A marketing expert needs to know the competitors well; a marketing professional must be adept with the latest trends, styles and new developments in his respective field.

2. Laying out marketing plan and strategies is another significant part of the job. It is not when or why, but how that matters in the field of marketing. Hence, marketing professionals must possess good thought process which can lead to generation of innovative ideas and strategic plans to be followed for products marketing.

3. What most professionals in marketing fail to do is a post-success analysis of their strategies. This is crucial for any marketing campaign to understand the result, analyze the success obtained or reasons that lead to failures and needs for improvement. For this it is important to build a metrics via which customers feedback, sales figures etc can be tracked and recorded.

The economic downfall had created ripples even in the case of a prosperous economy that of Singapore. Hence, companies are being very selective of the candidates they pick for marketing roles in Singapore. However, the good news for aspirants looking for roles in marketing jobs in Singapore is the advent of IT sector in the country. The industry has further enhanced opportunities in the field of marketing by introducing online marketing careers in Singapore. Online marketing is quicker and more widely spread method of marketing. It allows marketing professionals to spread the word to the world by a single click of their computer.

Success Of Small Franchise Businesses

Franchise businesses had become a popular trend in the Philippines, according to many business experts. The reason why is because of todays available franchise businesses which aims to offer the same opportunities that wealthier Filipinos have had with franchise businesses. This is when food-cart and food-stall Franchising business Philippines became popular in the country.

Success of Small Franchise Businesses
According to many business experts, franchising had long been practiced in the Philippines though it was only recently that type of business process became popular. The reason why is because most franchise businesses available in the past were large businesses such as convenient stores and fast-food restaurants, in which only the wealthy, as well as companies and corporations, can only afford.

Because of this, franchise businesses were only available for those who can afford one. However, this was until food-cart and food-stall businesses became popular in the Philippines, according to many experts, which had also brought success to the franchise industry of the Philippines.

So what made these small franchise businesses successful?

Inexpensive Franchise Cost
One of the many reasons why small franchise business Philippines such as food-cart and food-stall businesses became popular and in-demand in the market is because of its far lesser expensive franchise cost.

Although still expensive, in which a successful food-cart franchise business today can cost around 250,000 Philippine Pesos, this is far cheaper compared to the franchise of a large successful business such as convenient stores and fast-food restaurant.

Unlike larger businesses, which require larger commercial space and construction, most food-cart and food-stall businesses seldom require any construction, though it will still require a high foot-traffic location, though not as large as what requires of a fast-food restaurant.

Simplicity
In addition to its affordability, franchise businesses are also known for its simplicity in terms of requirements.

Most franchise businesses, particularly larger businesses, normally require credentials of the franchisees capability in handling a business, such as years of experience in a managerial position, or have attained an MBA.

Small franchise businesses, however, doesnt usually require such credentials, which is also the reason why it made it easier for more Filipinos to acquire a food-cart and food-stall franchise business.

Because of its affordability and simplicity, these types of franchise businesses quickly became successful in the Philippines, particularly now that food-cart and food-stall businesses had widely spread all over the Philippines.

Businesses For The Masses Franchising Business Philippines, Franchise Business In The Philippines

What are the advantages of franchise businesses? According to many business experts, franchise businesses had gained a lot of popularity in the Philippines today. The reason why is because of a number of new franchise businesses available today which aims to give the same opportunity that wealthier Filipinos have had with franchise businesses to the less wealthy Filipinos.

Small Franchise Businesses
The growth of food-cart and food-stall businesses is not only because of its affordability, but also because of the many franchising enterprises in the Philippines that offer lesser expensive Franchising business Philippines deals to Filipinos. So what are the differences between starting ones own small business from acquiring a franchise?

Less Effort in Marketing and in Profiteering
One reason that makes franchise businesses more popular compared to starting a business from scratch is that franchises allow its franchisees to use their successful business-model for their own gain. This makes it easier for franchisees to gain as much income as other businesses have had in years, which would normally take a lot of time and effort for a start-up business.

Simpler Business to Handle
Another advantage of franchising is that it allows people to start their business with everything they needed, from the marketing paraphernalia they needed to make their business known, to the equipment, uniform, and stock to be used for their business. This is much simpler compared to starting a business from the ground which will require their owners to look for a reliable supplier which will give them the stock they needed as well as their equipment.

Benefits of Smaller Franchise Businesses
The popularity of franchise business in the Philippines was due to the rapid growth of food-cart and food-stall businesses. This is because of the kinds of benefits that these businesses can offer to its residents that made these types of housings even more popular and in-demand in the market.

Lesser Expensive Franchise Cost
One reason why franchise business had gained a lot of popularity and demand in the market is because of its lesser expensive franchise cost. Compared to larger franchise businesses, such as convenient stores and fast-food restaurants, food-cart and food-stall businesses are far more affordable, in terms of franchise cost as well as the cost for its construction.

Far Simpler Business
Unlike larger franchise businesses, food-cart and food-stall businesses dont require any experience to manage and to make it grow. Unlike larger franchise businesses, these small businesses normally dont require their franchisees to have worked in a managerial position for years, or have acquired an MBA to acquire a franchise deal.