A Dichotomy of Investment Strategy
Many have dabbled in investing, or perhaps have at least considered it at one point or another throughout the length of their career. Investing into a company and their subsequent commodities can be a good decision in some cases, yielding profitable results, but only to those who are willing to do a little homework and know how it works. One of the best ways to make money through investment currently is by building a sustainable and practical investment strategy that is constructed around sound ideas and knowledge of the marketplace and all of the forces at play. Building the proper strategy and making the right investment takes time, as the ability to find the strategy that best fits your needs as an individual requires you to understand yourself, as well as your place in the business ecology. If you want to make large gains quickly, there is a short-term investment strategy that can yield large profits, but is considered by some to be a high level form of gambling. This is because in order to make money, you have to invest in volatile companies, something that always has a level of risk to it.
The second strategy is for the safer businessman, and is a long-term investment strategy. These strategies involve low-to-no risk investments in companies who usually have a sustained growth rate and many government protections to help keep them afloat. Examples of companies like this include Google and Ford. The disadvantage is that the growth rate is often small, making profits marginal for your investments.
Chady Salim is a professional businessman and strategist who offers advice for investing as well.
What is Strategic Planning?
Many people hear this in business and wonder what it actually means to create a strategic plan for a business. With so many definitions running around in company operations, understanding its meaning is crucial to ensure that things run smoothly and that performance improves. Moreover, learning how strategic planning can be implemented effectively will help the company make more profit and expand into larger markets in the industry.
Strategic planning wraps around every aspect of the business’s current conditions, and makes a forecast and a need for changes that will ensure the sustainability and success in the future. Without a business strategy to implement, the direction of the company would not only be unknown to the management, but the condition of the consumer market and internal operations would also have no ability to improve in the future. This brings great risk to businesses that do not keep a consistent record of the progress of its business strategy.
Building a strategic plan involves finding business objectives that the business can look towards in the future to act as goals of improvement. As all businesses naturally want to expand and increase its profits, this provides a method to which businesses can achieve those goals. Chady Salim is a senior executive for the telecommunications industry that takes these business objectives and makes them a malleable element that a business can implement. Through team building efforts and the ability to properly plan, his industry has been accelerated by the use of business strategies.
Getting Industry Leaders on Your Side
Industry competitors are not just companies that you look to conquer, but also great resources that can lead to accelerating the performance of your business, and enabling many opportunities for improvement and expansion. As a business owner, paying close attention to the actions and movements of industry leaders will help your business run smoothly in correspondence to the market, and will help decide when a change needs to be made for the future. Making friends with those that are successfully dominate the industry on an international level can help your company equip itself with the tools needed to dominate the markets on its own national level.
The importance of making this network with the industry comes from the synergy of market information. Though every entity owns its own business and creates its own product, the consumers in the industry all have the same needs, and will change for every company, not just one. Having communication with a larger business that knows how to better track your market will help you make better forecasts and predictions for the change in consumer markets, making your decisions smarter and more opt to implement success.
Industry leader relations also help increase the knowledge needed to become an industry leader yourself. Chady Salim communicated and even helped to develop many of the operations of the global telecommunication industry leaders, leading to an increase in his reputation as an industry expert. Making this decision makes you a powerful player in the local and national market, and will help you improve your operations as an effective performing business owner.
Tips on How to Be a Better Business Owner
Being a successful business owner has been the dream of many people all over the world, an ultimate goal that they will reach at the end of a long journey. Having the time and the opportunity to pursue riches with new and innovative products sounds like quite an exciting journey, but the reason that most will not succeed at this is because the reality of the process and how much work is needed to accomplish this assuages most people. Being a business owner is one of the most demanding careers in the world, which is why there is a much smaller pool of business owners than there is workers. That is because their success hinges on years and years of working sixty plus hours a week managing both the financial and social aspects of their business. Though this can be difficult, with a few helpful tips from the professionals, you can minimize your work and maximize your gains. One of the most useful strategies to implement is by recognizing the difference between the theory and practice of business. For people who want to be like that multi-billion dollar company that started as a penny stock, they first have to come up with a good idea.
Once you have come up with an idea that you believe is novel or revolutionary, you have to construct your business around this ideology and develop a paradigm of thought to follow. This establishes an atmosphere and consistency with your employees and consumers that they come to expect, crafting an identity for you.
Chady Salim is a professional businessman who has been in the field for many years now, gaining much experience in making successful businesses.
How Strategic Planning Will Help Improve Your Business
Most people in the business world hear at one point or another that strategic planning and implementation is a valuable tool for their business. The issue is, that most don’t explore beyond that, or even know entirely what strategic planning is or why it is valuable. With so many different individual needs and implementations across various companies, it is no wonder that many business owners are left scratching their head, uncertain as to what strategic planning even is. Well, strategic planning on a broad scope is meant to ensure that your business is running smoothly and performing optimally, both from a financial and social perspective. Utilizing strategic planning is a way to help optimize efficiency and the cost-effectiveness of your business. How this is done varies on the individual weaknesses and needs of your company, and no matter how large or successful your company is, rest assured that you can benefit from strategic planning. For example, say that you are receiving a discount on a product from a certain company so you have been using them for many years to cut costs. Well what if you later find out that the company discount you have been receiving for years wasn’t so great because they first inflated the price of the product to begin with. You then discover that for years you have been paying more money than you needed to for a product you could have gotten cheaper without sacrificing quality. This is an example of bad strategic planning.
Chady Salim is a professional business strategist who has been helping businesses thrive for many years now.
Leveraging Technology for Business Operations
Integrating technology into your daily business operations can yield immense profits, and help you discover areas of concern that you can now research. With the right mix of data analytics, process checks, and unique technologies, you can finally address potential hazards before they become major problems.
Every technological resource added to your business operations can make your work effective, powerful, and equip your team with the right information to attack your market and competitors. Getting ahead of resourceful applications, devices, hardware and software can be the cutting edge difference between how quickly your organization gets a product to market before your competitor does. Your goal should be to enable your customers to see your product as the first to market while innovating the industry you are focused on.
Technological advancement can happen overnight, so keeping an eye on industry trends, social media and potential technologies related to your industry can make a big difference. It is critical to not only understand how a product you can leverage will help you today, but also how it can help you two years from now. If you deploy and augment technology into your infrastructure that is not scalable, then you’re already behind the curve. When discussing terms, processes and advancements with technology vendors you should always request a roadmap of their product marketing and engineering. After all, you are working to build a long-term relationship with a vendor and if you get stuck with a company and technology that is not going to be around in 2 years, then you’re going to spend a lot of time ripping out and replacing their tech. That costs way too much for the company and your job could be at risk.
Chady Salim is a senior executive with over 16 years of experience in telecommunications. He is an industry expert that has proven that adopting new technology improves business performance.
Business - How to Turn the competition Into an Ally
I know, it sounds ridiculous, turning your businesses greatest enemy into an ally, but truly, it would be a dream come true for a business owner’s profit margins. That is because you should not think of your industry competitors as just another business to conquer and outpace, but also as a great resource that will lead to you increasing the productivity and performance of your own business, which may enable it to grow and expand, increasing profitability and subsequently, new opportunities. Any business owner knows the value of paying close attention to your competitor, as their actions will often dictate the actions of your own business, as sometimes you need to assess where your business fits into the area’s ecology. Sometimes a competitor will implement a strategy that is superior to your own, this is an inevitability so long as the competitor exists. By being an all-out enemy, when this occurs, that innovation will be closed off to you. However, developing a close relationship with your competitor, as well as a sort of transparency, you both can flourish and grow in different ways, creating a symbiotic relationship, instead of a destructive one. You can do this by sharing your own processes, or perhaps offering a meeting with their management to discuss different strategies.
If you are willing to share the methods of business with your own company, you can obtain some secrets and strategies of the competition, helping your business grow. This is how you can turn a direct competitor as an ally who just happens to compete in the same marketplace.
Leveraging the Actions of Leaders in Your Industry to Your Benefit
Competition in itself is defined by gaining, by winning by defeating or by establishing superiority over others who are trying to do the same. You cannot be successful, let alone great at what you do, without having a competitor to measure against. Competitors in your industry aren’t just companies that you look to destroy and make irrelevant. After all, you need them to prove your offering is superior. In fact, the insight you gain from competing technologies can help you differentiate your product that can help your customers make decisions. Competitors can be great resources that help accelerate performance and scalability of your business to help expand and improve opportunities within.
Now this doesn’t mean you should only look at your competitor as a means to develop your product further. More often times than not, your customer is talking to everyone in your market. So listening to the needs of your customers and your target market can be a great way to identify pains in your industry and develop product according to your competitor’s weaknesses.
Knowing your competitors is crucial, and networking with the right people can help you immensely. Yes, it seems strange to mingle with competitors but you may find opportunities for synergistic developments and joint efforts that can help advance your company’s offering and make customers happy. You may also find opportunities where you are working with a larger company that offers something you don’t, or vice versa. This can be beneficial to both sides and give you a chance to advance the entire industry’s potential. Tracking your competitors’ efforts, developments, and potential advancements will give you more insight into how to forecast profitability, develop your own priorities for innovation cycles and develop accurate messaging and marketing for your customer base.
Chady Salim helped to develop the business operations of several global telecommunication companies in an extremely competitive industry. His success and reputation are largely due to his experience and commitment as an industry expert.
A Successful Career and Life Requires Purpose
If you ask yourself what your purpose in life is today and you can answer quickly, then you have a head start over many career-minded professionals. Make no mistake, many professionals go through life in cruise control and spend years at a company doing their job, and doing it quite well. However, a human being who understands their purpose as an employee, a person, and a contributor should be the definition of the true spirit of an employee.
It’s often easy to determine your passion for working hard and earning your way through life. A great employee quickly understands their role and their goal. When an employee has a purpose, they are inspired and motivated to work smart and work hard. They don’t work just to keep their jobs; they work to improve the status of their company. Ownership is critical to success, and when working in large team environments it can be the single most important value for any company. This is why working with a purpose gives you an identity and the drive to be successful and inspire success in the people who surround you.
Industry experience, education, and specific skills can help you define yourself greatly, but it’s not all it’s chalked up to be. Sometimes finding people with strong character and morals can be a major upgrade over the highly skilled professional who doesn’t have interpersonal abilities to communicate. Finding someone with the combination of skill, personality and purpose is extremely valuable. These types of people are not only hard to find but also very hard to replace.
Purpose alone has helped Chady Salim kick his career into high gear as a senior executive in the telecommunications industry.
Successful Employees are Inspired Employees
Inspiration can come from any angle, any direction, and any source. Inspiration is conveyed through words, actions and memories. If you are an executive leader or part of upper management, than you are in a unique position to influence your employees and teammates.
Your words and actions can have a serious impact on company production, innovation, and morale. Executives who ignore their conduct, and often speak too freely, can also find themselves struggling to earn the respect of their team. While communicating openly and honestly is necessary, you must also have a deep respect for your audience and the team you are working closely with.
It’s easy to mistake inspiration with motivation in a corporate setting, or any workplace. Motivation can be driven by monetary value, a promotion or some form of status. At the end of the day, you hire people because they are motivated and have some kind of purpose in their career path. If you are utilizing a lot of extra time spending resources on taco Tuesday and gimmicks to motivate your employees, then you’re already a step behind. That doesn’t mean, however, that you shouldn’t reward employees or create a great company culture. It just means that you aren’t actually inspiring your team to do great work. Inspiration comes from a source of respect in which your employees and teammates value your efforts. If you’re a leader and you show up late and leave early, you may be sending a message that you don’t care about the work or the people involved.
A great way to inspire people is by giving them unique opportunities to perform in situations where they can shine. If you manage people just to keep them in the same place for their entire career, then you are failing. If you manage people to advance them and give them a real opportunity, you are inspiring them to live up to challenges, take calculated risks and succeed in a great cultured work environment. That is winning at its best and leaders and subordinates all come out of those types of situations feeling great and looking like rock stars in their industry.