Blackberry Awaiting to Get Best Deal

“Blackberry” One of the world’s leading brands has decided/disclosed to sell its name to top suitor. With the advent of Android, Smartphone and iPhone, Blackberry has lost its strong existence and market in mobile phone industry. Presently, Blackberry is struggling in market and it seems soon it will move out of sight just like NOKIA brand. Although Nokia has its existence in mobile phone industry but it doesn’t has same charm and craze amongst the users as earlier. The brand is struggling due to several reasons but the major cause is its latest loss of almost $ 1 billion, which occurred due to low purchase of Blackberry 10 device. As a result, the brand is looking to sell its name to a top suitor.

 According to the reliable source, it has come out that Toronto based, Fairfax Financial, a holdings company has been at forefront to buy BlackBerry. The company has offered $4.7 billion to get Blackberry as their authority. On the other hand a rumor has come up saying “Lenovo is another company that is showing interest in BlackBerry”. Since Lenovo is a China-based company, the US government could fear potential spying therefore chances are there that Canadian government would shoot down the deal, said sources.

With all these fiddle conversations, Blackberry yet not has decided to whom it will sell its name but it has assumed that by November 2013 it will be disclosed that who will be leading the brand later on.

Why Businesses Need A Effective Budget Planning?

 Business is an economic system where the goods and services are exchanged in order to obtain money. Every business need some form of investment and target customers on a consistent basis in order to do sale and make profit out of it. But, for a successful business the entrepreneur need appropriate budget.   

A budget is prepared to make documentation of the translation of plans into money. These planned strategies comprise with various expenditure that a company incurs. A budget helps businessmen to make an estimation of the total money needed to fulfill the goals and objective of business. 

Some of the basic reasons why a business need budget are as follows: 

• A budget offers insight in your business and so that you can judge whether your business is financially on the right path or not. 
• It creates the mechanism of performance measurement by which you are able to understand how your business is growing and doing compared to what you had planned.
•   A good budget reflects the seriousness of your business which attracts potential investors to do business with you and easily get fund from bank.  
•  It is a management tool to run business efficiently. 
• You are capable to make adjustments early once you realize that your business is not doing well. 
• It serves as a planning tool for future growth.

Being a businessman if you yet not have any business budget then you must make sure to bear or all failures-hard times or you can do is to prepare it as soon as possible as “it’s never too late”.

Why entrepreneur must change Strategy with Change in Customer Behaviour

Today's buyers are Goggled  a lot before buying a product. Its a common fact that customer behavior are changing rapidly. Being a Entrepreneur, you will require to consistently keep a bird eye on target audience buying behavior. To sustain in fast moving consumer market, its necessary to find out future demanding product or service.
Now a question may be pop in your mind - What i do to understand changing trends & consumer behavior ? Well, i will recommend you to book a seminar & go there. And keep watching latest news related to big brands.  

Now we read few news to understand changing strategy of big brands

• To remain everyone favorite, WhatsApp has launched voice messaging 
• You know that consumer loves to watch Video. Facebook also know this fact & leverage it for growth. Then Facebook's video advertisements will generate more than $1 billion in 2014

Quality of Legend Businessman

Business is not everyone’s cup of tea as leadership quality is an essential tool for successful entrepreneurship. Leadership is the capacity to translate vision into reality. A businessman must have the leadership quality to take the business on heights with its pure dedication and determination. 

A true leader can become successful businessman as the leadership quality lifts a person’s vision to high sights, raises person’s performance to a higher standard and builds a personality beyond normal limitations. 

Apart from these factors, a businessman must need to focus on some important aspects to run a competent business and the important key features are as follows: 

Planning: A leader must have accurate planning and schedule for their business proceedings. Planning helps to identify the problems and solving them before they reach crisis proportions. A focused and well organized planning or strategy will help the businessmen to plan and adapt their plans to new circumstances and opportunities for best upbringings. 

Vision: Vision and planning are the two sides of a coin. Without vision, planning is waste and without planning vision is useless. Therefore, the businessmen must have a clear vision and prospective for their business. A vision provides direction to have proper practice, implementation and attain maximum profit. 

Responsible in taking charge of business: After having clear vision and planning towards the business, implementation is necessary. Therefore businessmen must take the charge of all business practices and implementation to run the business efficiently. 

Financial management: Implementation of vision and planning is possible when investment is made. Investment doesn’t mean the businessman spent a large amount of money for something important for business. A businessman need to understand where to spend and where to not. It helps to maintain financial management of the business. 

Courage and honesty: Courage and honesty are other factors that make a good leader and successful businessman. Courage is important to initiate any kind of projects with the assistance of entire manpower and bring ultimate result. Secondly honesty with employees keeps the manpower happy which compel them to delicately put efforts on project to bring good results and maximum profit.