Islam and Business Finance

Image courtesy of Serge Bertasius Photography at FreeDigitalPhotos.net Hello readers! Finance is an important tool in business, when it is not managed well in business, it couldĺ lead to the end of the business. Today, I will be telling you about the implication of finance in business. There are different sources of finance and they all have different implications. Finance gotten from your personal savings is the best. Finance gotten from friends and family is another good form of raising capital for business. Friends and family usually do not ask for interest, however, I have been informed in my research that some do ask for interest but lower interest if they do ask do not accept the loan. You should not deal with interest because it is bad for you. You have to make your business halal. With friends and family the risk associated with raising money from them is lower this is because if a business challenge occurs, some may let the money go because of the care they have for ...

Image courtesy of digitalart at FreeDigitalPhotos.net Hello readers, sorry I did not write any article on Monday and Tuesday. Well, I am back now. Today, I will be writing about the benefits of timeliness. In business, one of the key factors that lead to success is timeliness. You create a good impression when you are on time and a bad one when you are not on time. Let's us be realistic, you cannot always be on time 100% of the time but at least 80% and that is good enough. - When you are on time, it builds the confidence individuals have in you, as such they will be willing to do business with you. - When you are on time, it gives you a competitive advantage over your competitors. - When you are on time, it makes you feel good and you should be grateful to Allah, come on you know how it feels when you are late. You are much more confident when you are on time. So you are able to deal with business transactions efficiently and effectively. - When you are on ti...

Image courtesy of Praisaeng at FreeDigitalPhotos.net Hello readers, today I will be giving you few tips on how to market your make-up if you are planning to start a make-up company. The marketing mix will be used to give you few tips that you could use. Product The quality of the make up must be good. It must have the effect the customers are looking for. As such it must complement their facial features rather than making them look horrible. Price The effect the make up will have on the face of the customer must be reflected. Well, there are notable brands out there in the market. So if you want your brand to be known as a high quality product, ofcourse the price of the product must be higher. However, the quality of the product must match the price of the product. Place Your product must be easily accessible. It can be distributed to stores that have outlets available in most locations. The internet is also another place that your products can be made ava...

Hello readers, so if you are planning to visit Nigeria or you live in Nigeria here are places you can visit to play. Remember playgrounds foster creativity. Dreamworld Africana This is a park designed for families. Facilities at the park include a roller coaster as well as a bumper car pavillion. It is located in Lekki, Lagos. Get Arena This is another playground in Victoria Island, Lagos. This arena accomodate both children and adults. Everything should be done for the sake of Allah. Part of doing something for the sake of Allah means hoping for a reward from Him(in this life and the Hereafter). Everything happens according to the will of Allah (you are responsible for your actions cause you have freewill). . Keep checking my blog regularly. Cheers!

Image courtesy of Giovanni Sades at FreeDigitalPhotos.net Hello readers, I hope you are great. Always remember the script writer of a movie is a person just like you so before you accept any message being passed in movie apply your critical reasoning. Just because the message is being passed in a movie does not mean it is right. Some do pass on good messages and some others pass on bad messages. Keep checking my blog regularly, cheers!

- A successful business is built over a period of time and you should not expect success overnight. - Making mistakes will be part of the whole process. Just make sure you learn from them. - You have to understand your target market well, so you can serve their needs appropraitely. -  You have to be up to date with what is going on in the market so you can respond to changes in the market as soon as they occur. Make sure your business halal. Everything should be done for the sake of Allah. Part of doing something for the sake of Allah means hoping for a reward from Him. Everything happens according to the will of Allah (you have freewill, therefore you are responsible for your actions). Halal means anything lawful Islamically. Keep checking my blog regularly, Cheers!

Image courtesy of Simon Howden at FreeDigitalPhotos.net Hello readers, so it is good to reward your staff members for their hardwork. A reward scheme will contribute to the development of a business and that of its staff if used well which is a good thing, as such businesses should use reward. The main aim of a reward scheme is to contribute to the success of a business while meeting the needs of employees. As such targets should be strategic. A target must be equal, like various employees must have equal targets and it must be achievable. A target must not be vague and it must be within the control of the employees. It must lead to meeting the needs of the business as well as that of the staff. Everything should be done for the sake of Allah.Part of doing something for the sake of Allah means that you should hope for a reward from Him(in this life and in the life after death). Everything happens according to will of Allah  (you have freewill, therefore you are respo...

Hello readers, so I wrote about adult's playground  in USA. Today I will be telling about the ones in the UK. Alton Towers This is one of the best water parks in the UK. It has something for everyone from kids to adults. Couples are also welcome. They have loads of hotels and restaurants to accomodate guests. It is located in Dorset, United Kingdom. Jump In This playground as it is located in New York, they also have another branch in London (Brook Green), UK. Just like I wrote before in the last article on playgrounds it has an adult ball pit, a whimsy with belly flops and swan dives. The adult ball pit is filled with 81,000 white plastic balls that you can crawl into. You can always book for a day to explore the place for free. It will help you decide on whether you will enjoy it or not. Do enjoy the rest of your weekend and keep checking my blog regularly. Cheers! The Playzone Just from the name, you will be there to play. Events they offer ranges f...

Image courtesy of chatchai_stocker at FreeDigitalPhotos.net Hello reader, I hope you are good. Today I decided to carry out a research on brainstorming. Some people know brainstorming is an activity carried out by a group, where members of the group contribute ideas in other to overcome a business challenge. What everyone will not know are the rules to abide by during brainstorming. Here they are: -All members of the group should be encouraged and allowed to contribute during brainstorming. -The more the ideas, the better cause at the end of the brainstorming sessions, ideas that are of low qualities can be eliminated, as such do not criticize ideas. Quantity is better than quality during that stage -Make sure the group members do not divert from the goal of the brainstorming session. -Crazy and Wild ideas should be encouraged.  -Ideas should be built upon, one idea could lead to another idea or two ideas could be joined together. Everything happens a...

Wash your face every night before going to bed. Remember my article  the suave look  ;)