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Showing posts from March, 2018

LESSONS FROM BERNARD ARNAULT; THE RICHEST MAN IN FRANCE

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Bernard Jean Étienne Arnault was born on the 5th of March 1949. He is a French business magnate, an investor, and an art collector. Arnault is the chairman and Chief Executive Officer (CEO) of LVMH, the world's largest luxury-goods company. He is the richest person in France and the fourth richest person in the world according to Forbes magazine, with a net worth of $75.5 billion, as of March 2018.
EARLY LIFE After graduation, Arnault joined his father's company, in 1971. In 1976, he convinced his father to liquidate the construction division of the company for 40 million French francs and to change the focus of the company to real estate. Using the name Férinel, the new company developed a specialty in holiday accommodation. Named the Director of Company Development in 1974, he became the CEO in 1977. In 1979, he succeeded his father as president of the company.
CAREER In 1984, with the help of Antoine Bernheim, a senior partner of Lazard Frères, Arnault acquired the Financière A…

THE WORLD OF ALICE WALTON: WORLD'S RICHEST WOMAN; BIO AND LESSONS

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Biography
Alice Louise Walton (born October 7, 1949) is an American heiress to the fortune of Wal-Mart Stores, Inc. She is the daughter of Wal-Mart founder Sam Walton and Helen Walton, and sister of S. Robson Walton, Jim Walton and the late John T. Walton. With a net worth of $40.8 billion she is the wealthiest woman in the world, according to Forbes. In September 2017, she was reported to own over US$11 billion in Walmart shares. She graduated from Trinity University in San Antonio, Texas, with a B.A. in economics and finance. Walton was born in Newport, Arkansas.

Career In her early career, Walton was an equity analyst and money manager for First Commerce Corporation and headed investment activities at Arvest Bank Group. She was also a broker for E.F. Hutton. In 1988, Walton founded Llama Company, an investment bank, where she was president, chairwoman and CEO. Walton was the first person to chair the Northwest Arkansas Council and played a major role in the development of the Northwes…

BEFORE YOU ASK A RAISE, HAVE YOU...

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Whether I'm with friends, family or co-workers, the topics of fair compensation and raises come up at least a week. Understanding when it’s an appropriate time to ask for a raise is something typically understood only once you've been at a company for a while or grown in your career. In fact, it’s more of an art than a science.
And, what I've increasingly come to understand is that many new employees don’t get that this request is an art -- in other words, they don't know that just as with anything else in life, when you ask for a raise, timing is everything. Below I’ve outlined three circumstances that should give you pause about the timing of asking for a raise: 1.Have been out of school for less than a year.I’m shocked by how often I’m asked about compensation for employees who are still a liability for the company they work for; and that applies to anyone who graduated from college lessthan a year ago. In the past year, I’ve had four different employees who had been o…

TEN VITAL SKILLS IN ENTREPRENEURSHIP

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Running your own business means having to wear all different types of hats. Whether it's your marketing hat, your sales hat, or your general people skills hat, you're going to need to know how to court sales, and on the other side of operations, you are also going to need to know how to run a balanced account and continue to grow your wealth. Though there are many business skills that a successful entrepreneur will have, the following ten skills are the ones that you absolutely need to make your business successful:
CommunicationCommunication is an underlying skill for many others in business (sales included). Communication is how you will be able to cultivate loyal employees, charm customers into coming back time and time again, and court investors and other sources for increasing revenue for your business. This skill can also come in handy when dealing with vendors or any other necessary business services that may apply to your venture--being friendly in business-to-business…

ASK YOURSELF THESE QUESTION BEFORE GIVING UP YOUR DREAMS

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“Commitment in the face of conflict produces character.” ~Unknown We all face obstacles in pursuing our goals, whether they’re professional or personal. We think we’re on the right track but realize we’ve chosen the wrong approach. We’re enthusiastic and hard-working, but our support system disintegrates when we need them the most. We’re just about to make significant progress when we run out of time or funding. Tenacious as we may be, we all have our breaking points—that moment when the potential rewards stop justifying the effort. Usually, that’s the hump that separates your best shot and your best reality. Before you throw in the towel and go back to something safe and far less taxing, ask yourself the following questions: 1. Why did you want to pursue this goal to begin with, and has anything changed? You had a good reason for committing to this plan. Maybe you visualized a financially free future once you started this new business, or you realized you’d live longer and healthier …

5 BUSINESSES YOU CAN START FROM YOUR HOME

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Through technology, our world has become progressively more interconnected, and has created the potential for hundreds of different business ideas.
Being a successful entrepreneur today is all about generating multiple sources of income. The title “serial entrepreneur” is tossed around with ease because the internet has created an avenue through which we can find endless ways to make a living. Those who diversify their revenue streams will help ensure their chances of success without necessarily overburdening themselves. Through technology, our world has become progressively more interconnected, and has created the potential for hundreds of different business ideas. That said, here are five business ideas that you can launch from your living room.  Online language tutorServices such as Skype that offer free face-to-face communication instantaneously with anyone in the world have created a market for online language tutors. There are countless startups that offer language lessons by match…

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