Profit sharing refers to monetary benefits offer to the employees by the employer apart from salary and bonuses. They are a form of incentives given to employees either directly or perhaps indirectly, depending upon the profits made by the respective company. The profit can be shared in the form of bonds, stocks or cash, which [...]

Hard decisions have to be made at times, be it professional or personal. One has to decide for him or herself as to what he or she wants to make out of his or her life. Career selection is a difficult process. After all, the career one chooses, one has to live with all their [...]

Opponents are there always in any field. One has to face up to the challenge. A person who can win over his or her opponents can be very successful in life. This is not so easy. It requires a certain kind of bent of mind, whereby you are able to assess what is in the [...]

Mall culture is a new phenomenon in the India market scenario. Growing Westernization and the entry of multi-nationals has brought in the concept of consumerism. The IT industry has provided young people with fantastic pay packages, which they would like to spend on purchasing goods. Where else they would go, but to the malls. In [...]

Career pursuits are essential both for men and women. Traditionally, men undertook vocational pursuits as they felt they were the sole bread earners. Now, women are also very much interested in career pursuits as they feel they are independent to take their own decisions concerning their lives and earn their living. Opportunities are manifold. Women [...]

A good conversationalist is successful in life. The art of speaking has to be cultivated and practiced upon in order to be able to communicate well to others. Some people are frank, but yet this does not pay at all times. Diplomacy helps overcome a particular situation or problem. One needs to be tactful at [...]

Staff plays a pivotal role in any business venture. Without adequate and supportive manpower a business cannot be successful. The staff should be well skilled and should be able to take on responsibilities with a lot of expertise. Managers run the show. Entrepreneurs delegate work to them and expect them to act on their behalf. [...]

Everybody wants to win. In a race, you would like to be first. In a business venture, you would like to make the highest profit. In sports event you would like to win the coveted cup. In other words you would always like to be winner. But is it easy to be one? What makes [...]

Entrepreneurs invest in order to make profits. Profits are income for them. Some amount they use for their personal needs, and the rest of the amount they re-invest or use it to pay- off loans they may have borrowed. A business venture is considered to be successful when profits pour in. Incase the investor is [...]

The status of world economies varies from country to country. Rich nations normally enjoy a flourishing economy whereas poorer nations have to survive trying to meet their basic needs. Recession has no doubt made a dent on the economy of the rich nations as well, but under normal conditions well-to-do countries, such as the US, [...]