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16 Best Entrepreneurship and Business Leadership Articles of the Year

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Learn how to transform your life for the better with 16 of the Web’s favorite entrepreneurship and leadership articles from this year. Guaranteed to encourage and inspire, these popular posts are absolute must-reads.

1. Mentally Strong People: The 13 Things They Avoid

Mental fortitude is essential for entrepreneurship, and in this wildly popular Forbes article, Cheryl Conner discusses what makes a mental strong individual and the 13 things they avoid at all costs (with tips from psychotherapist extraordinaire Amy Morin).

2. How to Turn Small Talk Into Smart Conversation

In this TED Ideas post, Chris Colin and Rob Baedeker break down how to transform an ordinary conversation into an extraordinary one. This pithy piece shares how to substitute one-line answers for stories, swap mundane response mirroring for absurd (but astute) observations, and how to get the most out of the often-mangled art of conversation.

3. Richard Branson to Young Entrepreneurs: ‘Just Do It’

In an Inc. piece by Oscar Raymundo, famous entrepreneur Richard Branson, founder of the Virgin empire (Virgin Airlines, Virgin Mobile, etc.) explains why risk is an inherent aspect of entrepreneurship. Sometimes you just have to go for it, no matter what others day. Richard did and I’d say thing are working out pretty well for him.

4. Why Good Leaders Make You Feel Safe

In this powerful TED Talk, Simon Sinek suggests that great leaders are those whom others feel they can trust–good leaders make people feel safe. Learn how to create a secure environment for your co-workers and employees while understanding that, while this undertaking is no easy task, the rewards and trust you’ll earn is invaluable. (A transcript is available too, so you don’t need to watch the video if you’d rather read.)

5. The Top 5 Reasons Why ‘The Customer Is Always Right’ Is Wrong

Alex Kjerulf of the Huffington Post explains why this classic maxim is a major mistake. Companies need to be willing to go to bat for their employees, and suggesting that the customer is always right can be detrimental to worker moral. Instead, show employees the respect they deserve and they’ll return the favor with superior customers service and more company pride.

6. Why You Hate Work

This New York Times article by Tony Schwartz and Christine Porath explains the modern employee’s psychological needs and how they aren’t being fulfilled. The article details an interesting study in which workers rated their fulfillment at their workplace, based on several different components (time for creative thinking, opportunities to do what you enjoy, a sense of community, connection to your company’s mission, etc.).

This article isn’t doom and gloom though–it will help companies understand what they need to do in order to improve their workplace and create happier, more fulfilled employees (who also work better).

7. Think You’re Too Old to Be an Entrepreneur? Think Again. (Infographic)

Despite the trend in Silicon Valley, entrepreneurship ain’t just for the young. Some of the most successful entrepreneurs don’t even think about launching a startup until they are in their 30s, 40s, and even 50s, after gaining more work experience. This infographic from Entrepreneur shows successful individuals who took their own sweet time to find their calling. “Not all who wander are lost” indeed!

8. 10 Reasons You Have to Quite Your Job in 2014

James Altucher sees the writing on the wall–the middle class is vanishing and it’s time to take real control of your life. James writes, in this philosophical yet painfully acute LinkedIn piece, why your life needs to be more than a paycheck and how to use entrepreneurship to create a better future.

9. 6 Toxic Behaviors That Push People Away: How to Recognize Them in Yourself and Change Them

Kathy Caprino points out several toxic behaviors you may be harboring, sometimes without even realizing it! Adjusting these bad behavioral habits will make life exponentially better for you and for those around you. See if you’re guilty of any of these.

10. 50 Signs You Might Be an Entrepreneur

Entrepreneurs are a certain kind of individual and they display their aptitude with a number of traits. See if any on this list by John Rampton sound like you–if more than a few ring a bell, you’re likely to be an entrepreneur (and if you’re not yet, maybe it’s time for a career change)!

11. How to Become a Millionaire by Age 30

Dreams do come true–or they can, if you follow advice from Grant Cardone in this Entrepreneur article. Learn what you need to do to make the big bucks before you turn 30.Image result for Best Entrepreneurship and Business Leadership Articles of the Year

12. Why Google Doesn’t Care About College Degrees

In this article by Venture Beat, Gregory Ferenstein explains why Google cares less about college degrees and more about the quality and character of their hiring candidates.

13. How Things Change

This succinct story by Tech Crunch’s Greg Kumparak is a just a few short lines and tweets. Telling the tale of Brian Acton’s personal experience (creator of WhatsApp), it sweetly and simply shows how when one door closes, another down the hall opens. And it opens into a swimming pool of Jello, talking zebras, and saxophone-playing dinosaurs. Or something close to that anyway.

14. How Quitting My Corporate Job for My Startup Dream F*cked My Life Up

In this story, Ali Mese reveals the unexpected difficulties that come with abandoning the corporate world for the startup dream. You may have planned on financial burdens, but have you considered the social distancing? The anxious parents? The frustrated fianc? Mese reminds us that entrepreneurship isn’t all sunshine and puppies–but is it worth it all in the end? I won’t spoil it.

15. 7 Things Remarkable Happy People Do Often

Inc. magazine’s very own Jeff Haden explains in this article why happiness is a choice, and how we can take small actions every day to make ourselves happier. It may not seem like rocket science, but it’s all too common for people to overlook the tools and techniques they can use to take joy in the world around them. Get started on these exercises and begin a better outlook.

16. The Day I Stopped Saying ‘Hurry Up’

In this touching article (probably considered corny by some), Rachel Stafford shares the day she choose to erase the word “hurry up” from her vocabulary. Whether in the workplace or in family life, this touching Huffington Post piece reminds us that life is something to be enjoyed and savored, not rushed through.

Source Article : www.inc.com

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Importance of The Circular Flow of Income

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Importance of The Circular Flow of Income

The circular flow of income and expenditure refers to the continuous production of products and services, income and expense in an economy. The different parts of expense and national income, for instance, investment, saving, exports, imports, government expenditure, taxation, etc. are displayed as currents and cross-currents in the circular flow of income.

Importance of the Circular Flow

The central concept of a circular flow is that it gives a clear picture of the economy. It also helps in understanding whether the economy is operating efficiently, or there are any obstacles in its smooth operation.

Therefore, the circular flow is significant for the functioning of the economy and helping the government in formulating various policy measures. Apart from the economy, the other important factors are.

  • Effects of Leakages and Inflows – The leakages allow us to study the national economy and its impact. For instance, imports are leakages going out of the circular flow of income, as it is paid to a foreign nation. To prevent this leakage, the government should acquire suitable measures such as decrease imports and increase exports.
  • The connection between Consumers and Producers – It builds a link between consumers and producers.
  • Builds a Network of Markets – After creating a link between the consumer and producer and a network of markets for various products and services, problems relating to purchasing and sales are solved automatically.
  • Basis of Flow of Funds Accounts – It helps in evaluating a country’s income in terms of the flow of funds accounts. These accounts are concerned with transactions of the economy that are fulfilled by money transfers.
  • Importance of Monetary Policy – It brings equality between investment and saving in the economy indicates the importance of fiscal policy.
  • The base of the Multiplier – In case, in a circular flow of income, if the leakage exceeds the injections, the total income becomes less than the total output.

For more information on economics sample paper class 11, stay tuned to BYJU’S.

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Top Benefits of Hong Kong Company Registration

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Company Registration

Hong Kong is the third city among renowned global business cities, right after New York and London. Recognized among the most significant financial hubs in the world, it has improved to the highest triple A level rating. With an impressive capita GDP of approximately US32, 000 it resembles the European Union standing tall ahead of the larger nations. With the importance of the financial sector to the economy and the impact of the economic crisis, Hong Kong is a famous and admirable jurisdiction.

1. Social And Political Environment

Hong King holds outstanding rankings in the global business. It is the second most economically efficient country in the world, according to the IMD World Competitiveness Yearbook). According to Transparency International – Corruption Perceptions Index 2010, the country is ranked as the 13th least corrupt country in the world.

Moreover, Hong Kong has a stable economic and political environment, not forgetting a pro-business government with an independent legal system. Certainly one of the reasons the country is a popular choice of regional operations in Asia. The country also has 1251 headquarters and 2328 regional offices (Hong Kong SAR Government’s Census and Statistics Department)

2. Location

Located in China, Hong Kong plays a crucial role in accessing the Mainland China market, which is a perfect stop for many foreign entrepreneurs. You can save time with a one hour drive from the world’s largest manufacturing region (the Pearl River Delta), producing 30% of china’s exports.

In general, Hong Kong accounts for a large share of inward investment in Mainland China, with China as the largest trading partner for Hong Kong. The countries international reputation as a financial powerhouse attracts Chinese companies for the primary and secondary listing to get access to the Asia markets. In 2010, the Hong Kong Stoke Exchange (HKSE) became Asia’s second-largest stock exchange in capitalization, which was directly behind the Tokyo Stock Exchange.

HKSE came above Shangai Stoke Exchange partly because most Chinese companies view the country as an efficient avenue to expand business with Asia. As the centre of Asia, Hong Kong is also useful in terms of links with the international market. In addition to this, the HK airport is within 5 hours flight to all major trading jurisdictions in the region.

3. Infrastructure

As one of the most advanced metropolitan areas in the world, Hong Kong is well equipped in infrastructures such as transportation, telecommunication, IT connectivity and utilities. A combination of the world-class international airport with efficient logistics facilities like the cargo airport, and shipping container port makes Hong Kong an attractive platform for global businesses. Majorly businesses that rely on active transport of human personnel and products around the world benefit from the wonderful infrastructure.

4. Policy And Taxes

A lot of companies that opt for company formation in HK benefit from its low and simple tax system. A corporate tax rate of 16.5 %( maximum) and a personal income tax peaking at 15$, it has the 3rd lowest tax misery in the world (according to Forbes’ Tax Misery Index). There also benefits in company registration in HK from having no capital gains tax, no sales tax or VAT, no withholding tax or returns tax and eventually. However, HK is not perceived to be an international tax haven.

5. Company Registration Requirements

The registration process in Hong Kong is a piece of cake. Mainly you are required to poses a proper company name and corporate structure to ensure that the company meets HK Company Law requirements. Which include a minimum one company direct( who does not need to be an HK resident), Hong Kong resident company secretary, and finally a minimum issued capital requirement HK$1 . You will also be required to register the business-with operational requirements such as opening a Hong Kong corporate bank account setting up an office, securing employment visas est.

Company formation in HK is perfect deal for international entrepreneurs to register their business. Apart from enjoying the geographical area, HK is also a diverse multi-cultural environment that is efficient for international trade and exciting as a place to live.

6. Productive Workforce

The country offers a highly-skilled, well -educated and trained workforce. Primarily a local talent pool of skilled specialists and business men who are known for their deep understanding of growing business culture.

Employees in Hong Kong are generally considered hardworking, competitive, continually seeking to enhance themselves. Even though English is the most applied language in business settings, you will be pleased to know that a great deal of the labor force can also connect with Cantonese and Mandarin.

7. Business Support And Assistance

Hong Kong has a number of remarkable associated programmers at the government and individual level, offering the best business support assistance. The programs help grow and develop your company in every aspect of the business.

A vast number of business support programmers and financial incentives encourage the growth of SMEs. Chief organizations like the Hong Kong Trade Development Council encourage international companies to do business in the Mainland and Asia, also assisting in Hong Kong Companies locating new markets.

Thanks to the Hong Kong Productivity Council, there is the use of more efficient methods throughout Hong Kong’s business sectors. This is why the support and consultation Center for company formation in HK is a comprehensive and informative and advisory centre for SMEs. There is also financial assistance available through some noted government funding schemes.

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