Top Management Degree/ What is Business Management?

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BUSINESS MANAGEMENT OVERVIEW

As a business manager, you are given the major responsibility of managing administrative tasks foe a business. A company may expect you to assist with its marketing program. A company may also want you to perform a budget analysis in order to find out ways that the company can cut costs. You should have an astute understanding of accounting, marketing and administrative procedures that are required in order to run a business.

The competition for business management positions can be fierce. You should obtain a degree in business administration, accounting or marketing if you eventually want to obtain a business management position.

Salary

According to the Bureau of Labor and Statistics, the average salary of a business manager is about $77,000 a year. The position is expected to grow by at least 15 percent in the next ten years. Businesses will be facing increased demands as they try to adjust to online commerce. If you have a specialized knowledge of online sales, then you may find that you are easily able to find a position as a business manager. Companies will also be seeking individuals who have an accounting background and are able to cut down on the costs that a company faces.

Education Requirements

To become a business manager, it is essential to possess a four-year bachelor’s degree in administration, accounting, finance or marketing. If you have a special certification, such as a CPA license, then this can also be beneficial if you apply for a position as a business manager. Companies are now hiring individuals who can also assist with financial operations. You may need to do compliance work for a company to ensure that the company is adhering to the recently passed financial regulations. Companies are also looking for individuals who now possess a master’s degree in business or accounting. You should expect to obtain an MBA in management or accounting at some point in your career.

Skills Required

To excel as a business manager, it is essential that you have strong analytical abilities. You will need to foresee the demands that a company will face in the future. It is also important that you have an ability to work well with other people. You should be able to work with a variety of personalities. Employees will look to you for leadership and motivation. You should be able to inspire employees to excel in their work during high-pressure times for the business. You also may need to possess strong accounting skills if a business expects you to perform a budget analysis of its operations every month.

Responsibilities

Typically, the responsibilities of business managers involve overseeing operations, reviewing contracts and helping employees reach their top productivity levels. A business manager may also be called upon to supervise or train new employees. He or she may also need to assist with planning certain events for a company. A business manager plays an important role in the operation of a company, and it is essential that he or she can deal with heavy loads of stress.

Home Business Ideas/ General Business Climate in Pakistan by [Idopedia]

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There are many talented and skilled professionals in Pakistan and Asian countries in general. The country also boasts an astonishingly large supply and variety of raw materials and goods.

In Pakistan, there are almost 3 million SMEs.1 These small and medium enterprises (SMEs) account for about 30 percent of the country’s GDP. However, these small businesses face various challenges. They struggle with securing loans from banks, commercial disputes, and taxation issues. Also, many Pakistani entrepreneurs are unable to access essential business training. Due to these various issues, most SMEs won’t ever hire more than five people.

Despite these challenges, you can become a successful entrepreneur in Pakistan with the right skills, business ideas, and knowledge. Lucky for you, that’s the essence of this article.

12 Home Business Ideas in Pakistan for 2021

#1: Poultry farming

Poultry farming is a profitable venture that requires very little capital. Additionally, the Pakistani market has a consistent and high demand for poultry. All you need to start up is some space for your chicken hutch and a small amount of money to get the chicks and feed.

#2: Online virtual assistant

Becoming an Online Virtual Assistant is in no way a new business idea. It is a great business to launch in Pakistan if you intend to stay home full time. You have access to clientele from all around the world, and all you need is power, a suitable device, and an internet data connection.

Do you live in a place with little to no support for most enterprises? Or are you in an area where the competition is high because of the various entrepreneurial ventures? If so, then becoming a virtual assistant is just perfect for you.

If you want to start a business as an Online Virtual Assistant, it is best to choose a niche that you can focus on and develop yourself in. This will afford you the opportunity to stand out and make a difference.

#3: Custom T-shirt Printing

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The textile manufacturing industry in Pakistan is growing and has the potential to be an income-generating venture. Printing customized t-shirts can be a good business idea as long as you have the requisite skills. Thanks to online courses and DIY videos, you can learn these skills easily and at very little cost. With time and practice, the skills will get better and better.

Custom T-shirt Printing will not just serve individuals, but it will also serve growing online businesses that specialize in selling customized t-shirts.

The process of setting up a T-shirt printing shop is easy, compared to other manufacturing facilities. It also costs little. To do so from home, you need to clear up a part of your house that will be your workspace. Then you need your printing materials and equipment, and voila, you’re good to go.

Once your printing shop/space is ready, you can showcase your products on different online platforms like Alibaba.com. You can also reach out to as many online t-shirt company owners as you can, and let them see your work. You may then offer them a proposal that includes reasons why they should change their supply chain to use your services.

#4: YouTube content creator

YouTube has provided a platform for many people to earn handsomely from their homes. As a YouTuber, you make videos and then make money from those videos. All you need to have is a unique idea or skill that you want to share with the world, a proper set-up, and then video making and editing skills.

Being a YouTuber is a great way to have fun while making money. However, you have to be committed and hard-working to get to the place where you become a household name. Dedication is key.

You may need to invest in several personal development courses, and have a chosen area of interest that you specialize in. YouTube channels that deal with areas like crocheting, cooking, lifestyle, and travel have lots of following. Have a plan that helps you stay on track and consistently follow your YouTube channel’s goals.

#5: Makeup artist

Many people are not courageous enough to take up a career in the makeup artistry. But while it may seem like a tough path to take, it is possible to have a successful career as a makeup artist — even from home. You don’t need to have a beauty salon.

Many Pakistani women consider makeup to be an essential part of their lives. No matter where you are situated, there is an opportunity to succeed if you just put your heart into it.

You must practice continuously (friends and family are available for this reason!). Be sure to be in the loop on social media. Study existing makeup trends.

Quality makeup products can be expensive and you may have to learn the skill professionally. But once that is done, you can earn a good income from your home. You can boost your business reach by putting your work online, blogging, or getting a website.

#6: Photography

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Photography is a perfect skill to have if you want to work from home. When you are not having individual photo sessions with clients or covering events, you have the rest of your time to do as you please.

Photographers are needed in every event. From birthdays to baby showers to bridal showers to weddings, funerals, and even corporate dinners, photographers are an important part of most events.

Once you acquire the skill, all you need to invest in is a good camera. There are free and paid photography courses in Pakistan. You can also develop your skills through online training. As with other skills, more practice will make you a better photographer.

Create a portfolio, do a couple of volunteer photography for a wedding or a corporate event and distribute your photographer’s business cards. You are ready to start a photography business.

#7: Freelancing

Freelancing means working as an independent service provider rather than as an employee of a company. Freelancers are often considered to be self-employed. They have the freedom to pick and choose their projects and companies that they would like to be associated with. They are often referred to as independent contractors.

In recent years, freelancing has become one of the most profitable small investment businesses in Pakistan. Although it is not the easiest thing to do (there’s often a lot of competition), once you have a personal brand, you can carve out a niche for yourself and stand out in your chosen field. Just ensure that you are exceptional at what you do.

#8: Graphic Designing

A graphic designer takes information from a person and turns it into alluring visual content. Graphic designers are responsible for creating many things that you see and use every day. This includes branding, books, magazines, apps, adverts, packaging, logos, badges, maps, and websites.

As a graphic designer, you’re not just limited to designing logos, books, and brand packaging. You could be an artist, a motion designer or a concept artist. These are skills that can be learned online for free or for a fee.

If you are working from home, you can be a freelance graphic designer. You’ll work with some amazing, creative people while having the desired flexibility in your career. As a self-employed graphic designer in Pakistan, you must be flexible. You can offer your services on different freelance platforms and work remotely.

#9: Tourism agency

More and more, Pakistan is opening its doors towards tourism. This profitable business is sure to become even more profitable as more tourists find their way into Pakistan. The country has the opportunity for growth within the tourism industry as some of its local political and war-related tensions have calmed over the years.

Tourists will need guides because of the language barrier. The local tourism agency is designed to provide a rounded local experience for the tourists, in exchange for a fee. You can start this business by setting up a simple website that offers your tourism services. Then go on and map out the top 5 things that tourists must do to get a good feel of Pakistan.

Then you could rent a van and take your clients on these local experiences. A unique perk to this business is that you get to meet different people and have exciting experiences while you’re on the job.

#10: Real estate business

This can be done on a part-time basis. All you need to do is to keep an eye on potential opportunities for real estate investment around you. Then you can have a platform where buyers and sellers get to connect. You get a commission for whatever sale is carried out through you or your platform. This is a very convenient and stress-free way of earning money.

With time, you may even be able to bring on employees as your business expands, who may also choose to work remotely.

#11: Home-made food production

Pakistanis prefer homemade food. If you need low investment business ideas, try preparing homemade food and making it available to those who are away from home. This can prove to be a very profitable business idea to go on within Pakistan.

You may choose to set up a kitchen to specialize in a particular type of food that is loved by a large number of people in Pakistan. An example is Halal. Halal refers to food material, ingredients, and production process, which is permissible for Muslims to consume.

Pakistan is the second largest Muslim country in the world. As a result, Halal breakfast and dessert dishes are more popular than ever. You could set up a Halal kitchen to make different creations of various meals upon request.

#12: Social media/online marketing

Social media and online marketing are currently booming in Pakistan. The basic things to have to start a social media or online marketing business are a laptop or a mobile phone, power, and internet connection.

This type of zero investment business does not require a lot of skill. All you need is to understand the basic use of social media and how to promote or advertise any small or large business on various platforms.

Social media marketing is a key tool to help manufacturing companies and industries in Pakistan reach new customers. If you are interested in social media marketing, you can start your business by offering your services to a local business such as a Halal food vendor or maker of herbal medicines.

Help the business owner reach their target customers and potential clients, and they will pay you handsomely for your services. If you are good at what you do, you will stand out. Your business in Pakistan can grow to other industries with time and thus expand your clientele.

Business Management/ What is Master in Business & Management by [Idopedia]

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Business & Management is one of the most popular fields of study, teaching you everything there is to know about running a successful business. Business & Management includes subdisciplines like Project Management, Business Administration, Finance, Marketing, Human Resource Management, and others.

A Business degree, such as an MBA or a Master’s in Management will cover all aspects related to conducting business. This includes managing and motivating your team, understanding the way the company makes money and how to reinvest it, how products are advertised and helping the company grow and develop business both at home and internationally.

During a Bachelor’s or Master’s in Business & Management, students will learn how to improve and make businesses more efficient. You will discover ways of increasing the revenue, hiring better people and knowing when to invest, and where. Your leadership skills will be highly valued, especially if your goal is to take on a management position after graduation.

The world of business is huge, and the tasks you will have while working for an enterprise can vary a lot. Your help might be needed for marketing strategies, or you will be asked to analyse the budget and see if you can reduce some of the expenses. You’ll also be in charge of projects, making sure they are completed on time and evaluating results at the end.

One thing is clear: you will have a lot of responsibilities on your shoulders. A career in management is great if you like challenges and enjoy pushing your limits. To succeed in Business & Management you’ll need a wide variety of interpersonal skills. Great leaders know how to manage teams, encourage people and help them develop.

Graduates of Business & Management can pick any career path they wish, but the most popular are: entrepreneurs, forensic accountants, project managers, bankers, international business specialists.

What is Business Management?

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BUSINESS MANAGEMENT OVERVIEW

As a business manager, you are given the major responsibility of managing administrative tasks for a business. A company may expect you to assist with its marketing program. A company may also want you to perform a budget analysis in order to find out ways that the company can cut costs. You should have an astute understanding of accounting, marketing and administrative procedures that are required in order to run a business.

The competition for business management positions can be fierce. You should obtain a degree in business administration, accounting or marketing if you eventually want to obtain a business management position.

Salary

According to the Bureau of Labor and Statistics, the average salary of a business manager is about $77,000 a year. The position is expected to grow by at least 15 percent in the next ten years. Businesses will be facing increased demands as they try to adjust to online commerce. If you have a specialized knowledge of online sales, then you may find that you are easily able to find a position as a business manager. Companies will also be seeking individuals who have an accounting background and are able to cut down on the costs that a company faces.

Education Requirements

To become a business manager, it is essential to possess a four-year bachelor’s degree in administration, accounting, finance or marketing. If you have a special certification, such as a CPA license, then this can also be beneficial if you apply for a position as a business manager. Companies are now hiring individuals who can also assist with financial operations. You may need to do compliance work for a company to ensure that the company is adhering to the recently passed financial regulations. Companies are also looking for individuals who now possess a master’s degree in business or accounting. You should expect to obtain an MBA in management or accounting at some point in your career.

Skills Required

To excel as a business manager, it is essential that you have strong analytical abilities. You will need to foresee the demands that a company will face in the future. It is also important that you have an ability to work well with other people. You should be able to work with a variety of personalities. Employees will look to you for leadership and motivation. You should be able to inspire employees to excel in their work during high-pressure times for the business. You also may need to possess strong accounting skills if a business expects you to perform a budget analysis of its operations every month.

Responsibilities

Typically, the responsibilities of business managers involve overseeing operations, reviewing contracts and helping employees reach their top productivity levels. A business manager may also  be called upon to supervise or train new employees. He or she may also need to assist with planning certain events for a company. A business manager plays an important role in the operation of a company, and it is essential that he or she can deal with heavy loads of stress.

4 Great Business Ideas to start in 2021 [Idopedia]

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1. Freelance Copywriter

If you’re a natural wordsmith with a bit of marketing knowledge, you can establish yourself as a freelance copywriter. Whether you write blogs, web content or press releases, plenty of companies will pay for your services. You can increase your value by bringing SEO knowledge to the table to help your clients craft a strategy to attack specific keywords that their target audience is already using in their online searches. Most freelance copywriters charge $40 to $50 per hour, but those with expertise in a given vertical could charge even more. Freelance copywriting is a great business to run, because as long as you have an internet connection, you can work. It’s a business that you can operate from the comfort of your own home, or even from the road if you travel.

2. Digital Marketing

The importance of the internet grows with every passing day, making it harder all the time for businesses to cut through the clutter and properly market themselves. Digital marketing services are always in demand, and many small and midsize companies would rather outsource it than establish a costly in-house team. If you’ve got chops in SEO, content marketing, pay-per-click, web development or social media management, you could have a business opportunity that allows you the freedom to work from home.

Digital marketing is an important part of a brand, so it’s critical for you to respond to developments in your clients’ marketing strategies. Social media management entails watching for comments and messages around the clock, not just scheduling posts in a “set-it-and-forget-it” mindset. If you enjoy strategizing and implementing plans meticulously, digital marketing could be the right business for you. You may also consider becoming an affiliate marketer, which is another from of digital marketing.

3. Food Truck

With indoor dining limited in many locations right now, aspiring restaurateurs might find more success with a food truck. Food trucks come in all shapes and sizes, serving up a wide range of snacks and cuisines. Take your favorite style of food on the road and sell your culinary passions directly to hungry customers. Sure, you’ll be working, but you’ll be in a space you’re passionate about, with a chance to connect to people who have similar interests. 

4. Lawn Care Service

If you grew up with a lawn, chances are your parents made you take care of it. For many of us, lawn care is bothersome, but for some, it offers a sense of peace and serenity. Working outdoors with your hands to tame and beautify the natural landscape can be a rewarding experience, and since so many people find the work tedious, it can also be profitable.

Lawn care services require little more than some basic equipment, a trailer and perhaps some staff, depending on how many clients you have and how big the jobs are. You can quickly grow a small lawn care service into a full landscaping company by offering premium services and establishing a reputation as a brand that does a thorough job with a smile. If you like working outdoors and creating elegant landscapes, this could be the business for you.

5 Great Business Ideas to Start in 2021 [Idopedia]

1. Consultant

If you are knowledgeable and passionate about a specific topic (business, social media, marketing, human resources, leadership, communication, etc.), starting a consultant business can be a lucrative option. You can start your consulting business on your own, then grow your business and hire other consultants over time.

2. Online Teaching

The demand for online education has opened up a wide possibility for entrepreneurs to start their own ventures. Since this is an online business idea, you can choose any subject you are knowledgeable about and teach a course regardless of your location. If you don’t have advanced knowledge in any particular subject, you can always consider teaching English as a foreign language online to students overseas.

3. Online Bookkeeping

As with education, technology allows many bookkeeping services to be performed online. If you are an accountant or bookkeeper who wants the freedom and autonomy of running your own business, you can take advantage of modern technology to start your own online bookkeeping service, taking on other companies as clients.

4. App Developer

If you are knowledgeable and experienced in technology, you may want to consider a career in app development. Smartphones have become an everyday accessory for many Americans, which has increased demand for mobile apps. Similarly, virtual reality software has become popular in recent years, so there is also a demand for VR app development.

5. Professional Organizer 

Looking for a business idea that can really “spark joy”? Professional organizers, like Marie Kondo, help people declutter and minimize for a living. In an age of materialism, many people are desperate to downsize and take control over their possessions, rather than letting their things possess them. Minimalism is becoming extremely popular, but people often find it hard to part with things they’ve owned for a long time. Part of being a professional organizer is helping clients develop a system for downsizing and keeping things that way.

If you’re a highly organized person who enjoys making spaces functional and comfortable, you might be good at coaching others to do the same. People will pay you to help them devise a method of minimizing their possessions and then maintaining an organized space. To promote your business, ask if your clients will let you take before and after photos of the areas of their homes you’ve organized, and use those to create a portfolio that you can put on social media to attract more clients.

The 5 Most Profitable Business Opportunities in 2021 [Idopedia]

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Sell handmade products

If you always enjoyed making and building stuff as a kid, selling DIY products is a great business opportunity to monetize your creativity. Even if you have the will to create something new but lack the know-how, there’s a way to make it happen.

Take Josh Pigford, founder of Baremetrics (a SaaS company) and Cedar + Sail (a handmade homewares online shop), for example. What started as a part-time side project quickly became a profitable online business opportunity to stimulate his creative side and sell products he makes by hand.

“I’m a sucker for little things that go on side tables and desks, so I started playing around with some ideas for concrete planters—the kind of thing that can hold succulents and air plants,” Josh says. If you’re not sure what to sell, start by looking around your own house. What’s missing that you wish you had? Is it a concrete pot? Colorful artisan bed covers? Then do some online research to see what’s selling. Are big stores like Target, Amazon, or West Elm selling similar items?

Become a self-published author

Do you love to write? Have you ever thought about publishing your own book? Well, good news. Becoming a self-published author is one of the best small business opportunities for you.

Self-publishing just means that you don’t work with an established publisher to manage the editing, design, and production processes of making a book. Instead, you do it on your own. With no real shortage of readers on the internet, there’s plenty of space for you to make and sell an e book or audio book and turn a profit.

Sell pet products

An online pet store is one of the most fun business opportunities, because you can sell a huge variety of products. Many people treat their furry friends like children and are willing to spend money to make sure they are taken care of. For example, you could sell everything from organic foods to luxury accessories, beds and apparel.

Whether you want to run it as a drop shipping business or sell homemade treats, the pay is good, the work is rewarding (who doesn’t want to make dogs happy?), and people will never stop spoiling their pets—which means job security guaranteed.

Go freelance

Freelancing is one of the most common online business opportunities. Being a freelancer means you’re self-employed and not committed to a long-term employer. It allows you to take your office wherever you go and essentially be your own boss.

With the rise in remote work and the gig economy, you’ll be on your way to a successful online business by going freelance. It may be competitive, but if you have a set of skills you’ve built over the years, or even one you want to learn, there’s money to be made.

For example, you can turn skills like web design, SEO, marketing, copy writing, or app developing into a profitable home-based business.

Sell your expertise

Do you have a service-based small business like landscaping or gardening? The federal government has a ton of departments that could use your expertise. You can land a contract for different gigs, including tree removal, snow removal, weed control, grounds maintenance, and more.

What Is Motivation? [Idopedia]

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What Is Motivation?

Motivation is the process that initiates, guides, and maintains goal-oriented behaviors. It is what causes you to act, whether it is getting a glass of water to reduce thirst or reading a book to gain knowledge.

Motivation involves the biological, emotional, social, and cognitive forces that activate behavior. In everyday usage, the term “motivation” is frequently used to describe why a person does something. It is the driving force behind human actions.

Motivation doesn’t just refer to the factors that activate behaviors; it also involves the factors that direct and maintain these goal-directed actions (though such motives are rarely directly observable). As a result, we often have to infer the reasons why people do the things that they do based on observable behaviors.

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Uses

There are many different uses for motivation. It serves as a guiding force for all human behavior, but understanding how it works and the factors that may impact it can be important in a number of ways.

Understanding motivation can:

  • Help improve the efficiency of people as they work toward goals
  • Help people take action
  • Encourage people to engage in health-oriented behaviors
  • Help people avoid unhealthy or maladaptive behaviors such as risk-taking and addiction
  • Help people feel more in control of their lives
  • Improve overall well-being and happiness

Tips

All people experience fluctuations in their motivation and willpower. Sometimes you might feel fired up and highly driven to reach your goals, while at other times you might feel listless or unsure of what you want or how to achieve it.

Even if you’re feeling low on motivation, there are steps you can take that will keep you moving forward. Some things you can do include:

  • Adjust your goals to focus on things that really matter to you
  • If you’re tackling something that is just too big or too overwhelming, break it up into smaller steps and try setting your sights on achieving that first step toward progress
  • Improve your confidence
  • Remind yourself about what you achieved in the past and what where your strengths lie
  • If there are things you feel insecure about, try working on making improvements in those areas so that you feel more skilled and capable.

Potential Pitfalls

There are a few things you should watch for that might hurt your motivation. These include:

  • Quick fixes or all-or-nothing thinking. It’s easy to feel unmotivated if you can’t fix something immediately or if you can’t have it all at once. Remind yourself that reaching your goals takes time.
  • Thinking that one size fits all. Just because an approach or method worked for someone else does not mean that it will work for you. If something isn’t helping you reach your goals or is making you feel unmotivated, look for things that will work better for you.

History of Motivation

What are the things that actually motivate us to act? Throughout history, psychologists have proposed different theories to explain what motivates human behavior. The following are some of the major theories of motivation.

Instincts

The instinct theory of motivation suggests that behaviors are motivated by instincts, which are fixed and inborn patterns of behavior. Psychologists including William James, Sigmund Freud, and William McDougal have proposed a number of basic human drives that motivate behavior. Such instincts might include biological instincts that are important for an organism’s survival such as fear, cleanliness, and love.

Drives and Needs

Many of your behaviors such as eating, drinking, and sleeping are motivated by biology. You have a biological need for food, water, and sleep. Therefore, you are motivated to eat, drink, and sleep. Drive theory suggests that people have basic biological drives and that behaviors are motivated by the need to fulfill these drive.

5 Best Small Business Ideas by [idopedia]

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1. House cleaner

With a low barrier to entry, house cleaning can be a great way to start doing what you love — soon. Consider advertising to homes in your neighborhood and get more bang for your buck by earning a few small businesses as clients as well. They’ll usually bring in a higher paycheck for a similar amount of work.

2. Personal chef

We all love to eat, but few of us have the time or energy to cook healthy, delicious meals. Advertise your services to local families and businesses alike. And consider “chunking” certain groups of clients — say, vegetarians — so you can cook larger quantities of the same dish to feed them all.

3. Property manager

Many people maintain properties they don’t live in — often based in different cities or states. It is helpful to have someone to ensure the property is being well taken care of, handle small fixes as they arise, and serve as a liaison to renters.

4. Packing services facilitator

Moving is always a pain, and many people hire the entire packing process out. Want to have a steady stream of clients? Partner with a local moving service who will refer new clients to you.

5. Bed and breakfast owner

This is another business venture that will require you to research the correct licensure from your state, but it will be well worth it to see your dreams come true. Consider what guests will be traveling to your area to experience and create special packages and themed stays to coincide with their interests in your locale.