Effective Money Management

Critique on Consumption Approaches

People adopt or depict multiple attitudes towards money management. We may categorize them into four styles - Miser, Moderate, Lavish, and Generous. Moderate and generous life styles are positive or constructive while miser and lavish life styles are negative or destructive. Moderation and generosity promotes stability and growth, while misery or lavishness promotes volatility and decline. A moderate person spends according to available means and maintains cash reserves, generous person spends on others and maintains moral courage, miser spends only on inevitable needs, and lavish spends according to lust/brain impulse. A better Money Management gives stability to individuals during some money crises and growth during normal time.

An effective money manger defines her spending demands as needs or important, facility or less important, aesthetics or least important, luxury or unimportant. In addition, an effective money manager adopts some prudential financial techniques to attain maximum benefits such as, financial goal setting, financial planning, rational execution of financial plans, and finally evaluation & adjustments of consumption/saving attitude.

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Stock Market

Effective Stock Trading

Stock Market is like the wavering sea with countless opportunities/threats. Some take out pearls, some come out with fish and some come out simply wet. Stock Market is utilized in multiple ways depending on how much risk a trader is willing to incur. Traders usually focus on daily, weekly, monthly and long term earning. To maximize the financial benefits, you need to decide what kind of stock trader you want to become. The right fit depends on personality, time availability, financial prudence and capital investment. Almost all types of stock trading are potentially profitable.

Precisely speaking, you should be flexible (not volatile) towards different types of strategies in your market system and your investment approach, so that you can adjust to the market, be it bearish, bullish or even range bound. Although, the future remains unknown, investors who come with good research, use independent thinking rather than naively follow the crowd, have the mental fortitude to stick to their targets and sell once target returns have been achieved, are likely to realize superior returns on their equity investment portfolios.

A day trader watches the daily behaviour of share prices and tries to get a margin on account of daily fluctuations. A day trader is a proactive and professional market participant who purchases shares of a company with a focus on her technical and fundamental variables. A prudent day trader watches price fluctuations, keenly, and tries to profit from short-term market volatilities. 

Investor Awareness

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Stock Market - Investment Planning

Technical Analysis Vs. Fundamental Analysis

Successful Share Trading depends on the conceptual ability of trader to predict accurately prices and practical ingenuity to manage efficiently risks. Two techniques are commonly used to forecast prices - Fundamental Analysis & Technical Analysis. Technical Analysis forecasts the direction of prices through the study of past market data of price and volume. On the other hand, Fundamental Analysis determines the intrinsic or true value of the shares. If the intrinsic value is higher than the market price it is recommended to buy the share, if it is equal to the market price hold the share and if it is less than the market price sell the shares. The fundamental analysis consists of four types of analyses, that is, Economic Analysis, Industry Analysis, Company Analysis, & CEO/Top Management Analysis.

Investors can use these different but to some extent complementary methods for stock trading. For example, a fundamental investor may use technical arguments for deciding entry and exit points, while, a technical investor can use fundamentals to limit their universe of possible stock to 'Well Performing' companies.

Muhammad Ilyas

CEO

Silverline Management Consultants & Software Engineers (SMCSE)

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STOCK MARKET - Investment Planning

Stock Day Trader

Any task that a person undertakes is called work. A work for monetary benefits is called economic work. Economic work creates financial returns within stipulated durations of time such as a day, a weak and a month. The daily earning through knowledge-driven skills is delicate and thin area of economic life. However, with the advent of the internet, an entirely new home-based / self-employment opportunity has surfaced. It is Stock Trading. This business has the potential to generate reasonable income everyday. However, the opportunity has a risky downside; the possibility to lose money is as great as it is to make it especially for the novice / inexperienced.

The keys to earning as a stock day trader are two, first, to gain as much knowledge about the relevant industry as possible and, second, to maintain rational expectations during wavering situations. Specialization in some specific type of stocks is plus point for profitable day trading.

Remember, majority of day traders go for short gains, buy in early and sell out the same day. Holding overnight is too much risky, especially for capital-starved traders in unstable market conditions. The golden rule of stock trading is, 'never risk more than you can afford to lose.’'

Muhammad Ilyas

CEO

SMCSE (www.smcse.com)

Stock Market - Investment Planning

Initial Public Offering - IPO

Generally, the very first sale of company shares to the public is termed Initial Public Offerings (IPOs). IPOs are often issued by smaller/younger companies seeking the capital to expand, but the approach can also be used by large companies. In an IPO process, the issuer company obtains the assistance of an underwriting firm, which helps in determining what type of security to issue (common or preferred), the best offering price and the launching time.

IPOs can be a risky investment, especially, for the individual investor, it is tough to predict what the stock will do on its initial day of trading and in the near future because there is often little historical data with which to analyse the company. In addition, mostly, the IPOs proposing companies going through a transitory growth period, which are subject to additional uncertainty regarding their future values.

The issuing of shares through an IPO is one of the primary reason of stock markets' existence, so that the IPO process is the locomotive of stock market. Entrepreneurs, venture capitalists and angel investors consider the IPOs a realistic benchmark of a new and growing firm.

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STOCK MARKET

It is an organized and regulated financial market where securities (bonds, notes, shares) are bought and sold at prices governed by the forces of demand and supply. 

The stock market can be split into two main sections: the primary market and the secondary market. The primary market is where new issues are first sold through Initial Public Offerings (IPOs). The secondary market now starts her functioning where investors can sell their securities to other investors for cash. The whole subsequent trading activities is secondary market.

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CRISES MANAGEMENT

CRISES MANAGEMENT

Crises Management is essential aspect of any entrepreneurial /leadership struggle. It is required to prevent crises or to manage crises amicably. Crises Management guides how threats are converted into opportunities, how weaknesses can be made irrelevant, and how strengths are used optimally.

SMCSE

What Comes Easy Will Not Last, What Lasts Will Not Come Easy

Get-Rich-Quick-Mentality - A Wrong Strategy

Life is effort-return phenomenon. In business, a range of inputs are used to realize output. The output is then converted into profit through effective marketing. It is business reality that a lasting return is outcome of consistent effort, so that, the very negation of Get-Rich-Quick-Mentality is vital for successful and growing business.

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Business Coaching

Effective Business Planning
A basic management function to achieve maximum performance with minimum resources. The effective business planning consists of five steps:

• Identification of SMART goals,
• Formulation of effective strategies,
• Arrangement or creation of required resources,
• Organization of available resources, efficiently and cost-effectively, &
• Implementation of all necessary steps in appropriate sequence.

Business Planning

EVALUATION OF NEW BUSINESS IDEA

A business idea works effectively or fails badly or crawls slowly. A realistic approach is to start business planning  from the perspective that the new business ideas won’t work. The technique will develop pragmatic mindset and proactive behavior towards business idea. The entrepreneur / executive will see threats, opportunities, strengths and weaknesses, in right perspective. If the idea survives and accumulates tangible support, then you have robust idea, now it is time to develop the business plan and move quickly towards execution.

GOALS SETTING/REALIZING STRATEGY

SMART PEOPLE, SMART GOALS

(Five Step Process for Setting and Achieving Goals)

1. Define exactly what you want in each area of your life. (Specific Mindset)

2. Write them clearly, meticulously and concisely. (Measuring Mindset)

3. Make a list of every-action you may think necessary in achieving your goals. Take actions immediately, it is decisively important! (Attainable Mindset & Behavior)

4. Realize something every day that moves you toward the actualization of your goals. Maintain  momentum and morale. (Realistic Behavior)

5. Set a definite deadline. If it is a long-run goal, break it down into sub-deadlines and organize the items in proper sequence and priority. (Time Efficient Behavior)

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TRUST AND MOTIVATION

Life manifests its full potential during association. Associational life widens our horizons, deepens our visions, and strengthens our intentions. Trust-Giving or trust-getting is an activity towards effective associational life. A trust on someone’s ability enhances the motivational level of concerned person. A trust generates constructive energy that travel and affects the concerned person positively. On the other hand, mistrust generates destructive energy that disturbs the mindset/behavior of related persons. 
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Effective Learning/Training

Teaching vs. Learning

Teaching is to educate or train or motivate someone on something, while learning means to get education or training or motivation. Literally, teaching is to give lessons to students in a school, college, university, etc. Primarily, teacher provides required knowledge/skills to children and adults, but, eventually, teacher actualizes potential possibilities of learners into actual realities through knowledge dissemination / skill transmission, so that a knowledgeable / skillful person is inevitable for effective teaching. In addition, teachers shape thought-patterns and behavior-patterns of learners through multiple educational practices. Concisely, teaching is to provide knowledge, to build character, and to enhance wisdom level. Teaching is either formal or informal. The formal teaching is disciplined and coordinated, while the informal teaching is personal and atypical. Formal teaching is provided through educational institutions while informal teaching is common phenomenon of interactive life. At institutional level, teaching and learning are two distinct processes – teaching is more akin to leadership and management, on the other hand, learning is more akin to research and development.

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Business Skills

Significance of Business Skills & Skill Enhancement Programs

(Entrepreneurial Approach)

SKILL is defined as the ability to do something well. The skill profile is a tool for the realization of organization's philosophy, values, and vision. It is utmost important for the implementation of any business strategy. It leads towards best utilization of resources, human as well as non-human. It develops ability of organization, structural as well as operational. In addition, an efficient and effective system of skills provides best guidelines for evaluation & adjustment of business processes. Skill profile is improved or maintained through a well-defined framework of reward structure of institutional system.

A deficiency in skills, conventional as well as innovative, tends to produce less than optimal returns on efforts, excessive efforts are made by economic agents but moderate returns are achieved. It is noteworthy; a skill deficiency phenomenon has two aspects - qualitative and quantitative. The quantitative deficiency can be managed trough hiring more skilled staff, a horizontal expansion of skill profile, while the qualitative deficiency is reduced through some skill enhancement program of existing staff members, a vertical expansion of skill profile

The inevitability and desirability of Skill Enhancement Program has two levels – individual as well as collective. At individual level the skill enhancement urge is outcome of livelihood urge for survival & interdependency phenomena of individuals. At collective level the skill enhancement demand is outcome of survival, growth, & development needs of an institution or society. According to the World Bank, a faster and sustainable economic growth requires three fundamental factors: Human Capital, Physical Capital, and Natural Capital. Interestingly, human capital has a major share (64 per cent).

Wisdom Inn For Skill Enhancement (WISE)

Silverline Management Consultants & Software Engineers (SMCSE)

Excellent Student

An excellent student achieves best academic results and manifests admirable character. She/he is personification of collective efforts of multiple individuals such as teachers, parents, educational managers and varied institutions such as educational institutions, social institutions, government bodies, and education board. The article is a rational-moral critique on Excellent Student / Excellent Learning Behavior.

Recent Article By Muhammad Ilyas Qadri

http://ezinearticles.com/?Excellent-Student&id=7266376

Significance of Teamwork

Shaping An Excellent Team

At institutional level, an achievement is result of teamwork. An effective team is combination of synergetic strategies / tactics of institution. A synergic setting is innovatively woven environment of diverse individuals; it is competitive as well as cooperative. A competitive situation makes someone active or dynamic, while cooperative condition makes someone interactive and associative. It is dominantly responsibility of managers/entrepreneurs to design competitive-cooperative environ for team members. An enabling working environment is sustainable strength of well-performing institution. An institutional input thus plays an important role in making/shaping an excellent team.

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Effective Entrepreneurship - Essential Skills

Skill Profile of An Effective Entrepreneur 

Practically, an entrepreneur needs some professional skills, a few social skills, and handful personal skills. Firstly, an effective entrepreneur have clear understanding about needed professional skills, moreover, she/he has staunch desire for professional acumen. Secondly, life is interactive phenomenon. People interact during countless occasions of life. An interaction is either productive or non-productive. It is social intelligence or social skills of an entrepreneur that prepares for productive interactions. A productive interaction is win-win and stable.  Thirdly, a sizeable portion of day is spent on personal activities such as sleeping, chatting, and exercising. The leisure time relaxes and prepares for next round of professional or interactive life. It is noteworthy that proper application of personal skills avoids boredom, fatigue, lethargy, and regrets from personal life. The prominent personal skills are: subjective thinking, lateral thinking, collective brainstorming, driving vehicles, setting social links, repairing things, gardening, increasing physical strength & stamina, writing creatively, expressing feelings through art work, capturing memorable moments through photography, etc.. A stable combination of personal, social, and economic skills is inevitable repertoire of an effective entrepreneur. 

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Entrepreneurial Economics deals with entrepreneurship.Maximum Achievement Program (MAP) is designed for entrepreneurs. The ultimate target of program is to enhance efficiency and effectiveness of managers/entrepreneurs..The program shared and will share ideas on varied issues of entrepreneurial life. Thanks.

Muhammad Ilyas.