Category Archives: Business Standards

Business Intelligence

what is business intelligence?

Business Analytics relates to the exploration of historical data from many source systems through statistical analysis, quantitative analysis, data mining, predictive modelling and other technologies and techniques to identify trends and understand the information that can drive business change and support sustained successful business practices. Business Intelligence is looking in the rearview mirror and using historical data from one minute ago to many years ago. BI is important to improve your decision-making based on past results.

And also,in business intelligence one term can mean different things to different people, depending on their business focus and their perspective.

Business Intelligence is needed to run the business and is focused on creating operational efficiency through access to real time data enabling individuals to most effectively perform their job functions. It also includes analysis of historical data from multiple sources enabling informed decision making as well as problem identification and resolution. Traditional business intelligence (BI) has been focused mostly on reporting. In this approach to BI, highly-formatted reports are created by a few people typically report developers and distributed to an entire department or organization.

Analytics is a function of BI

BI used to refer to platform capabilities to access data, manage metadata, development tools for reports, dashboards, and applications, and publishing, scheduling and distribution capabilities. Analytics referred to either methods of analyzing information (i.e., descriptive, predictive, regression, neural networks, etc.) or the tools to perform those methods.

Thus, analytics is a subset of the broader platform capabilities. Industry leading BI platforms now include increasingly more complex tools to perform different types of analytics descriptive analytics, visual patterns discovery, and predictive modeling and data mining. The value of a BI platform providing such tools is that the results of analysis performed by highly trained analysts can be packaged in reports and dashboards. Some platforms can even provide this information in the form of apps that are intuitive and easily shared with millions of operational users to perform their own analysis with a few clicks. Business Intelligence (BI) is essentially a noun, in that it is an umbrella term of the overall scope of acquiring, persisting, warehousing, analyzing and reporting insights along with everything else in its periphery. Business Analytics on the other hand is more of a verb, the act of discovering insights using any tooling or services at your disposal.

Years back you would need to buy Business Intelligence platforms from mega vendors like Oracle, IBM, SAP or Microsoft. The cost of the software and the complexity of putting everything together puts BI firmly out of reach for most SMBs. Cloud services have since helped as many business no longer need to build their own BI infrastructure as the SaaS providers are performing all the gathering, persisting and reporting themselves. However this is where the 80/20 rule kicks in, as every business will inevitably want to look at data in a different way and supplement with other bits of data. This is where Business Analytics kicks in, the SMBs no longer require a full scale Business Intelligence infrastructure; they simply require the tools to gather data from these different sources and perform Business Analytics.

New generation tools like Clear Analytics no longer insist on a Business Intelligence infrastructure to be present to deliver, well, Business Intelligence. These tools should be able to fetch and present data regardless of where it resides, buried inside spreadsheets, in a database or in SalesForce. The key challenge now is to present this data to users in a manner which does not require any significant training or specialists to hire. At present the most dominant tooling for Business Analytics is Microsoft Excel, everyone who has graduated has some level of experience and thus the preferred platform. Clear Analytics leverages the ubiquity of Excel to deliver the data with the added benefit of automation, security, auditability and accountability; aspects which Excel inherently lacks. The result of which is that SMBs can now get the full Business Intelligence experience without the whopping pricetag.”

Analytics as a way to consume intelligence

There are a lot of conflicting views and opinions on where the lines are drawn between business intelligence and business analytics. A lot of it seems to be based on marketing trends and what somebody is trying to sell.

A tested definition of this exists in the CIA, the Central Intelligence Agency. The CIA is responsible for having the people and processes and infrastructure in place to capture data (contextual and numerical) from around the world, but also need to analyze, disseminate and strategize around how to intelligently apply the intelligence and output of the various analysis actions done to it. The intelligence teams exist to capture, analyze and strategize around the information (intel.) All types of analysis are different ways of using the intelligence collected in an intelligent way to make smarter decisions. In that way I would define Business Analytics as the collective set of methods and tools used by analysts to intelligently consume intelligence towards enabling smarter decisions about the business moving forward.

Analysis without intelligence can't be done that's guessing and intuition (which still rely heavily on informal intelligence.) Analysis that isn't Intelligent is dumb. Capturing intelligence without doing analysis is a waste of time, and Intelligence that isn't based on analysis of intelligence isn't Intelligent.

How Do I Choose the Best Motivational Video

MOTIVATIONAL SPEECH

Suicidal thoughts are a result of stress and depression, stress and depression are a result of the lack of will to overcome the anxiety on your mind. A big world, over 4 million people are living on the planet earth. All the 4 million are of different age groups (though a vast part of it is still stuck in villages and with below poverty situations.) kids, teenagers, adults, elder adults, old people; all are different …and very darn person has unique life from another on this planet. In the world full of gadgets, technology and speed...one barely has time for other. You know, sometimes; the hunger to get successful is a barrier or sometimes, may be I am too weak to work on my problems or sometimes we let it go….care too less to listen at all, “sometimes” doesn’t end here..the more you dig the shocking the results are! World has been focusing on “stress and depression” lately and for some of them its been a help whereas some of them are still too numb to understand the words spoken out by them. When we talk about motivation, the first thing that comes in our mind is “do it, make it happen”, because we know how major it can be if not counseled on time. Motivation! Every human being goes through ups and downs, problems vary from human to human, simply because it has arrived from their experience with life. None of us’s life was made easy and happy, full of ups because had it been that way, we would’ve never made ourselves a great fighter and would’ve never known about the solution if there wasn’t a problem in the first place. All of the problems that landed us nowhere near our destination but definitely put us through immeasurable pain and sufferings, has molded and beautified us in the ways we couldn’t have planned for us. A human life goes this way because if there weren’t goods and downs we would’ve never known about the sinless young morning followed after the daunting stormy night. Every obstacle coming in our path is vital because this is the only way to become brave overcome our insecurities and test our limits till we are immune with them, all of this makes us a strong powerful human being.

Now, let’s see how to help someone if they are depriving in self belief, motivation or inspiration:
1. Provoke them to vent it out:
Trust me, they will connect to you automatically if you let them talk to you thoroughly , thickly.

2. Be a good listener: To listen what other has to say about whatever they are going through, can lift a lot of burden from them.

3. Share your experience: Tell them whatever you’ve been through. Share how you overcome the obstacles that came in your way even though you were never prepared for a single one.

4. Own the stage: Don’t, not even for a single second let your audiences lose interest in your words.

5. Head to the base: Let your audiences know, what you’re good at. So that ones in need of the things you own…can approach you without any hesitation.

6. Use the apt words to soothe the souls present in the room: Length should not be barrier between you and audiences but make sure ,to connect emotionally with people you need to have a meaningful speech.

7. Keep it simple: Don’t fake emotions, everyone will recognize it. Always remember to never let your audiences forget your niche.

Suggest our Client to read these lines.

"I'm sorry, Dom -
We can't move ahead with your team. Another agency said they could do everything we asked for, so we're going to go with them. Have a great weekend."

I was devastated. I spent the last three months establishing a great relationship with a prospective client for a new digital project. The contract was as good as signed, the team was fully allocated and ready to start.

Until it came to a proposed feature that we said we couldn't deliver no matter how hard we tried. It just wasn't feasible. The client was convinced it could be done and reached out to another agency that said it was indeed possible. The feature was a deal breaker.

They ghosted us: never signed the contract and chose the agency that promised a feature we all knew was technically impossible.

If we took it on, it would have been the biggest project we ever signed. I had to let it go.

Six months later, I got a phone call from the client, and he said the magic words, "It didn't work. We fired the agency. They couldn't do it, just like you said. In the process, they messed up a few other things as well. Can you help us?"

I was floored. Then I said, "Of course. We're happy to work with you."

They've been our client since.

The moral of the story is that honesty always prevails.

Do Good. Be Good.

Hello Folks

Greetings of the day

Note :- Don’t Play with Recruiters.

As a recruiter.

Recruiters usually Pray not to hear these words every day.

1 :- “The Number you are calling is either switched off or not reachable” or “The number you are calling is busy, call again later” ( while a recruiter is taking a follow-up for the interview ). Least bothered recruiters don’t even get a call back from a job seeker many a times.

2 :- “Sorry I have only one contact number” ( while recruiter is asking you for a alternate contact number ).

3 :- “I am sorry I can’t go for an interview today, Please Re-scheduled it tomorrow or day after, Will try to go” ( While asking for the reason why No-show ).

4 :- “I am not looking for a job now” ( why to update your resume on a portal if you are not a job seeker ).

But Unfortunately Recruiters are hearing the same things all the time and are really fed up of these words.

Note :- Please don’t play with recruiters as it will effect in His / Her performance and his confidence which can lead to demotivation.

Regards, Sudha.

Hello folks, greeting of the day.

1. Please switch on your cellphone and carry a charger with you all the time, even though you're in the toilet or get lost in a forest. If there's no signals, please spell a magic to create some.

2. If you only have one cell phone, please buy a second one, kindly follow step 1.

3. In case your friends or families have any emergent situations, please kindly re-schedule your ambulance for attending today's interview.

4. Please title your resume as "I am not looking for a job now, however I'm happy to share my information here and talk about potential opportunities", to not confuse the recruiter.

Note: Please strictly follow the above tips as you are responsible to make sure that I have positive performance and motivation. Be careful, you may be blamed as "play with recruiters" and banned from the job market in the future.

Regards.

What Are the Best Tips for Making Motivational Speeches

MOTIVATIONAL SPEECH

Suicidal thoughts are a result of stress and depression, stress and depression are a result of the lack of will to overcome the anxiety on your mind. A big world, over 4 million people are living on the planet earth. All the 4 million are of different age groups (though a vast part of it is still stuck in villages and with below poverty situations.) kids, teenagers, adults, elder adults, old people; all are different …and very darn person has unique life from another on this planet. In the world full of gadgets, technology and speed...one barely has time for other. You know, sometimes; the hunger to get successful is a barrier or sometimes, may be I am too weak to work on my problems or sometimes we let it go….care too less to listen at all, “sometimes” doesn’t end here..the more you dig the shocking the results are! World has been focusing on “stress and depression” lately and for some of them its been a help whereas some of them are still too numb to understand the words spoken out by them. When we talk about motivation, the first thing that comes in our mind is “do it, make it happen”, because we know how major it can be if not counseled on time. Motivation! Every human being goes through ups and downs, problems vary from human to human, simply because it has arrived from their experience with life. None of us’s life was made easy and happy, full of ups because had it been that way, we would’ve never made ourselves a great fighter and would’ve never known about the solution if there wasn’t a problem in the first place. All of the problems that landed us nowhere near our destination but definitely put us through immeasurable pain and sufferings, has molded and beautified us in the ways we couldn’t have planned for us. A human life goes this way because if there weren’t goods and downs we would’ve never known about the sinless young morning followed after the daunting stormy night. Every obstacle coming in our path is vital because this is the only way to become brave overcome our insecurities and test our limits till we are immune with them, all of this makes us a strong powerful human being.

Now, let’s see how to help someone if they are depriving in self belief, motivation or inspiration:
1. Provoke them to vent it out:
Trust me, they will connect to you automatically if you let them talk to you thoroughly , thickly.

2. Be a good listener: To listen what other has to say about whatever they are going through, can lift a lot of burden from them.

3. Share your experience: Tell them whatever you’ve been through. Share how you overcome the obstacles that came in your way even though you were never prepared for a single one.

4. Own the stage: Don’t, not even for a single second let your audiences lose interest in your words.

5. Head to the base: Let your audiences know, what you’re good at. So that ones in need of the things you own…can approach you without any hesitation.

6. Use the apt words to soothe the souls present in the room: Length should not be barrier between you and audiences but make sure ,to connect emotionally with people you need to have a meaningful speech.

7. Keep it simple: Don’t fake emotions, everyone will recognize it. Always remember to never let your audiences forget your niche.

Suggest our Client to read these lines.

"I'm sorry, Dom -
We can't move ahead with your team. Another agency said they could do everything we asked for, so we're going to go with them. Have a great weekend."

I was devastated. I spent the last three months establishing a great relationship with a prospective client for a new digital project. The contract was as good as signed, the team was fully allocated and ready to start.

Until it came to a proposed feature that we said we couldn't deliver no matter how hard we tried. It just wasn't feasible. The client was convinced it could be done and reached out to another agency that said it was indeed possible. The feature was a deal breaker.

They ghosted us: never signed the contract and chose the agency that promised a feature we all knew was technically impossible.

If we took it on, it would have been the biggest project we ever signed. I had to let it go.

Six months later, I got a phone call from the client, and he said the magic words, "It didn't work. We fired the agency. They couldn't do it, just like you said. In the process, they messed up a few other things as well. Can you help us?"

I was floored. Then I said, "Of course. We're happy to work with you."

They've been our client since.

The moral of the story is that honesty always prevails.

Do Good. Be Good.

Hello Folks

Greetings of the day

Note :- Don’t Play with Recruiters.

As a recruiter.

Recruiters usually Pray not to hear these words every day.

1 :- “The Number you are calling is either switched off or not reachable” or “The number you are calling is busy, call again later” ( while a recruiter is taking a follow-up for the interview ). Least bothered recruiters don’t even get a call back from a job seeker many a times.

2 :- “Sorry I have only one contact number” ( while recruiter is asking you for a alternate contact number ).

3 :- “I am sorry I can’t go for an interview today, Please Re-scheduled it tomorrow or day after, Will try to go” ( While asking for the reason why No-show ).

4 :- “I am not looking for a job now” ( why to update your resume on a portal if you are not a job seeker ).

But Unfortunately Recruiters are hearing the same things all the time and are really fed up of these words.

Note :- Please don’t play with recruiters as it will effect in His / Her performance and his confidence which can lead to demotivation.

Regards, Sudha.

Hello folks, greeting of the day.

1. Please switch on your cellphone and carry a charger with you all the time, even though you're in the toilet or get lost in a forest. If there's no signals, please spell a magic to create some.

2. If you only have one cell phone, please buy a second one, kindly follow step 1.

3. In case your friends or families have any emergent situations, please kindly re-schedule your ambulance for attending today's interview.

4. Please title your resume as "I am not looking for a job now, however I'm happy to share my information here and talk about potential opportunities", to not confuse the recruiter.

Note: Please strictly follow the above tips as you are responsible to make sure that I have positive performance and motivation. Be careful, you may be blamed as "play with recruiters" and banned from the job market in the future.

Regards.

What Are the Best Tips for Improving Motivational Skills

MOTIVATIONAL SPEECH

Suicidal thoughts are a result of stress and depression, stress and depression are a result of the lack of will to overcome the anxiety on your mind. A big world, over 4 million people are living on the planet earth. All the 4 million are of different age groups (though a vast part of it is still stuck in villages and with below poverty situations.) kids, teenagers, adults, elder adults, old people; all are different …and very darn person has unique life from another on this planet. In the world full of gadgets, technology and speed...one barely has time for other. You know, sometimes; the hunger to get successful is a barrier or sometimes, may be I am too weak to work on my problems or sometimes we let it go….care too less to listen at all, “sometimes” doesn’t end here..the more you dig the shocking the results are! World has been focusing on “stress and depression” lately and for some of them its been a help whereas some of them are still too numb to understand the words spoken out by them. When we talk about motivation, the first thing that comes in our mind is “do it, make it happen”, because we know how major it can be if not counseled on time. Motivation! Every human being goes through ups and downs, problems vary from human to human, simply because it has arrived from their experience with life. None of us’s life was made easy and happy, full of ups because had it been that way, we would’ve never made ourselves a great fighter and would’ve never known about the solution if there wasn’t a problem in the first place. All of the problems that landed us nowhere near our destination but definitely put us through immeasurable pain and sufferings, has molded and beautified us in the ways we couldn’t have planned for us. A human life goes this way because if there weren’t goods and downs we would’ve never known about the sinless young morning followed after the daunting stormy night. Every obstacle coming in our path is vital because this is the only way to become brave overcome our insecurities and test our limits till we are immune with them, all of this makes us a strong powerful human being.

Now, let’s see how to help someone if they are depriving in self belief, motivation or inspiration:
1. Provoke them to vent it out:
Trust me, they will connect to you automatically if you let them talk to you thoroughly , thickly.

2. Be a good listener: To listen what other has to say about whatever they are going through, can lift a lot of burden from them.

3. Share your experience: Tell them whatever you’ve been through. Share how you overcome the obstacles that came in your way even though you were never prepared for a single one.

4. Own the stage: Don’t, not even for a single second let your audiences lose interest in your words.

5. Head to the base: Let your audiences know, what you’re good at. So that ones in need of the things you own…can approach you without any hesitation.

6. Use the apt words to soothe the souls present in the room: Length should not be barrier between you and audiences but make sure ,to connect emotionally with people you need to have a meaningful speech.

7. Keep it simple: Don’t fake emotions, everyone will recognize it. Always remember to never let your audiences forget your niche.

Suggest our Client to read these lines.

"I'm sorry, Dom -
We can't move ahead with your team. Another agency said they could do everything we asked for, so we're going to go with them. Have a great weekend."

I was devastated. I spent the last three months establishing a great relationship with a prospective client for a new digital project. The contract was as good as signed, the team was fully allocated and ready to start.

Until it came to a proposed feature that we said we couldn't deliver no matter how hard we tried. It just wasn't feasible. The client was convinced it could be done and reached out to another agency that said it was indeed possible. The feature was a deal breaker.

They ghosted us: never signed the contract and chose the agency that promised a feature we all knew was technically impossible.

If we took it on, it would have been the biggest project we ever signed. I had to let it go.

Six months later, I got a phone call from the client, and he said the magic words, "It didn't work. We fired the agency. They couldn't do it, just like you said. In the process, they messed up a few other things as well. Can you help us?"

I was floored. Then I said, "Of course. We're happy to work with you."

They've been our client since.

The moral of the story is that honesty always prevails.

Do Good. Be Good.

Hello Folks

Greetings of the day

Note :- Don’t Play with Recruiters.

As a recruiter.

Recruiters usually Pray not to hear these words every day.

1 :- “The Number you are calling is either switched off or not reachable” or “The number you are calling is busy, call again later” ( while a recruiter is taking a follow-up for the interview ). Least bothered recruiters don’t even get a call back from a job seeker many a times.

2 :- “Sorry I have only one contact number” ( while recruiter is asking you for a alternate contact number ).

3 :- “I am sorry I can’t go for an interview today, Please Re-scheduled it tomorrow or day after, Will try to go” ( While asking for the reason why No-show ).

4 :- “I am not looking for a job now” ( why to update your resume on a portal if you are not a job seeker ).

But Unfortunately Recruiters are hearing the same things all the time and are really fed up of these words.

Note :- Please don’t play with recruiters as it will effect in His / Her performance and his confidence which can lead to demotivation.

Regards, Sudha.

Hello folks, greeting of the day.

1. Please switch on your cellphone and carry a charger with you all the time, even though you're in the toilet or get lost in a forest. If there's no signals, please spell a magic to create some.

2. If you only have one cell phone, please buy a second one, kindly follow step 1.

3. In case your friends or families have any emergent situations, please kindly re-schedule your ambulance for attending today's interview.

4. Please title your resume as "I am not looking for a job now, however I'm happy to share my information here and talk about potential opportunities", to not confuse the recruiter.

Note: Please strictly follow the above tips as you are responsible to make sure that I have positive performance and motivation. Be careful, you may be blamed as "play with recruiters" and banned from the job market in the future.

Regards.

What Are the Best Tips for Forming a Business Partnership

Business partnership



Business is an economic activity which aims at planning, organizing, staffing, directing and controlling. Business can be done in two ways:

a) Partnership

b) Company

Here, we will emphasize on the partnership. What is business partnership?



A legal form of business operation between two or more individuals who share management and profits.

Partnership in business is of two types:-

1. Active partnership: it is a form of partnership in which all the partners have a role to play, the partners share management and profits as well as losses equally, and are the investors in the business.

2. Active and silent partners: in this form of partnership few partners are active that means; active partners take care of business, day to day transactions and other important factors like laborers, where as silent partners are investors in the business but as per the partnership norms, they are not bound to look after everyday transaction or work force. They’re silent but as per the agreement , equally or partially the profit is given to them.

Following are the tricks to form the business partnership:

1. Look for someone with complimentary personality: Complimentary personalities helps in balancing. For instance, he will balance the risk I am willing to take with logic and sometimes when his ideas are too-tech-y for our users, I will manage to balance it.



2. Look for a trust worthy partner: To find a good partner is actually finding someone you can trust and this is the most difficult part. Trust is a must factor we should be focusing on while looking for a business partner.

3. Make sure to define the parameters of your relationship: To be specific from the beginning is important. Both the parties should clear put the demands and needs in the beginning in order to avoid conflict in future.

4. Search for someone who is as hungry as you’re to get succeed: Again, if the partner you’ve chosen is lazy and an addict then your firm is in danger. In order to avoid the downfall of the firm way before it has started, you must look out for someone who is ambitious and aching to succeed.

5. Consider a partner in different field: Always go for a partner who has different tastes in knowledge than yours.



Suggest our Client to read these lines.

"I'm sorry, Dom -
We can't move ahead with your team. Another agency said they could do everything we asked for, so we're going to go with them. Have a great weekend."

I was devastated. I spent the last three months establishing a great relationship with a prospective client for a new digital project. The contract was as good as signed, the team was fully allocated and ready to start.

Until it came to a proposed feature that we said we couldn't deliver no matter how hard we tried. It just wasn't feasible. The client was convinced it could be done and reached out to another agency that said it was indeed possible. The feature was a deal breaker.

They ghosted us: never signed the contract and chose the agency that promised a feature we all knew was technically impossible.

If we took it on, it would have been the biggest project we ever signed. I had to let it go.



Six months later, I got a phone call from the client, and he said the magic words, "It didn't work. We fired the agency. They couldn't do it, just like you said. In the process, they messed up a few other things as well. Can you help us?"

I was floored. Then I said, "Of course. We're happy to work with you."

They've been our client since.

The moral of the story is that honesty always prevails.

Do Good. Be Good.



Corporate rules for happy life:

1. Trust nobody.

2. What happens in office, remain in office. Never take office gossips to home and vice versa.

3. Enter office on time, leave on time. Your desktop is not helping improvement in your health.

4. Never make GF/BF and/or brother/sister in office. It will always backfire.

5. Expect nothing. If somebody helps, feel thankful. If not, you will learn to know things on your own.



6. Never rush for position. If you get promoted, congrats. If not, it doesn't matter. You will always be remembered for your knowledge and politeness, not for your designation.

7. Never run behind office stuff. You have better things to do in life.

8. Avoid taking everything on your ego. Your salary matters. You are being paid. Use your assets to get happiness.

9. It doesn't matter how people treat you. Be humble. You are not everyone's cup of tea.

10. In the end nothing matters except family, friends, home, and Inner peace.





What Are the Best Tips for Cash Pooling

CASH POOLING

A cash pool is a system involving several related bank accounts whose balances have been aggregated which helps in optimizing interest paid or interest received and also, improves liquidity management. In simpler words, cash pooling is a cash management technique adopted by companies holding funds at financial institutions. Also, it allow companies to combine their credit and debit positions in various accounts into one whole account, which later is known as national cash pooling and cash concentration. Why is cash pooling important?

  • Reduces financing costs on group level
  • Improves investment return due to economies scale
  • Simplifies liquidity management on local level
  • Centralization reduces external banking costs
  • Coordination of financing cycles optimizes cash flow forecast.


Effective ways to cash pool:

1. Physical Pooling/cash Concentration: It helps in controlling the funds centrally. That is, this method puts up a one whole account representing all the credit and debit accounts present in the financial institutions. It helps in better controlling on the cash flow. One more key factor as to why implement this strategy is; it reduces credit facility requirements. The treasury has high level of visibility over the balances of subsidiaries’ accounts in this type of agreement and can thus control the disbursement of cash.



2. National Pooling: By implementing this way to cash pool, we can enjoy several important benefits like;

  • Subsidiaries help in maintaining the autonomy.
  • As balances remain with each legal entity, national pooling requires far less administration than physical pooling.
  • National pooling incurs far lower fees than physical pooling as the bank operating the pool is not required to transfer cash between accounts.

3. Single Legal Account Pooling: A form of cash concentration, in this arrangement a company maintains only a master account with a bank. This master account contains all the company’s cash and is generally managed by the group treasury.



4. Reference Account Structures: Balance son the local operating accounts are manually or automatically transferred to the subsidiary’s reference account in the central pooling location. These balances will then be nationally pooled, allowing for the full offset of credit and debit balances.

5. Multicurrency Pooling: It allows companies to achieve interest savings without requiring them to swap their offset positions in the foreign exchange market first.

What Are the Different Types of Business Partnerships

Business partnership



Business is an economic activity which aims at planning, organizing, staffing, directing and controlling. Business can be done in two ways:

a) Partnership

b) Company

Here, we will emphasize on the partnership. What is business partnership?



A legal form of business operation between two or more individuals who share management and profits.

Partnership in business is of two types:-

1. Active partnership: it is a form of partnership in which all the partners have a role to play, the partners share management and profits as well as losses equally, and are the investors in the business.

2. Active and silent partners: in this form of partnership few partners are active that means; active partners take care of business, day to day transactions and other important factors like laborers, where as silent partners are investors in the business but as per the partnership norms, they are not bound to look after everyday transaction or work force. They’re silent but as per the agreement , equally or partially the profit is given to them.

Following are the tricks to form the business partnership:

1. Look for someone with complimentary personality: Complimentary personalities helps in balancing. For instance, he will balance the risk I am willing to take with logic and sometimes when his ideas are too-tech-y for our users, I will manage to balance it.



2. Look for a trust worthy partner: To find a good partner is actually finding someone you can trust and this is the most difficult part. Trust is a must factor we should be focusing on while looking for a business partner.

3. Make sure to define the parameters of your relationship: To be specific from the beginning is important. Both the parties should clear put the demands and needs in the beginning in order to avoid conflict in future.

4. Search for someone who is as hungry as you’re to get succeed: Again, if the partner you’ve chosen is lazy and an addict then your firm is in danger. In order to avoid the downfall of the firm way before it has started, you must look out for someone who is ambitious and aching to succeed.

5. Consider a partner in different field: Always go for a partner who has different tastes in knowledge than yours.



Suggest our Client to read these lines.

"I'm sorry, Dom -
We can't move ahead with your team. Another agency said they could do everything we asked for, so we're going to go with them. Have a great weekend."

I was devastated. I spent the last three months establishing a great relationship with a prospective client for a new digital project. The contract was as good as signed, the team was fully allocated and ready to start.

Until it came to a proposed feature that we said we couldn't deliver no matter how hard we tried. It just wasn't feasible. The client was convinced it could be done and reached out to another agency that said it was indeed possible. The feature was a deal breaker.

They ghosted us: never signed the contract and chose the agency that promised a feature we all knew was technically impossible.

If we took it on, it would have been the biggest project we ever signed. I had to let it go.



Six months later, I got a phone call from the client, and he said the magic words, "It didn't work. We fired the agency. They couldn't do it, just like you said. In the process, they messed up a few other things as well. Can you help us?"

I was floored. Then I said, "Of course. We're happy to work with you."

They've been our client since.

The moral of the story is that honesty always prevails.

Do Good. Be Good.



Corporate rules for happy life:

1. Trust nobody.

2. What happens in office, remain in office. Never take office gossips to home and vice versa.

3. Enter office on time, leave on time. Your desktop is not helping improvement in your health.

4. Never make GF/BF and/or brother/sister in office. It will always backfire.

5. Expect nothing. If somebody helps, feel thankful. If not, you will learn to know things on your own.



6. Never rush for position. If you get promoted, congrats. If not, it doesn't matter. You will always be remembered for your knowledge and politeness, not for your designation.

7. Never run behind office stuff. You have better things to do in life.

8. Avoid taking everything on your ego. Your salary matters. You are being paid. Use your assets to get happiness.

9. It doesn't matter how people treat you. Be humble. You are not everyone's cup of tea.

10. In the end nothing matters except family, friends, home, and Inner peace.