Un-Common Causes of Business Crisis

I am sure that you all read and know about many of business crisis causes, but in this articleI will be highlighting the uncommon causes of a business crisis that any business could get into unconsciously.

But first let’s understand the fact that being in a crisis mode or having the capability to prevent it share the same root cause; that your company solid position or crisis is because from the company itself, from your business itself, from your management and teams efforts.

Now let me drive you through some critical reasons that cause businesses to fail in a very short period of time after being a giant for decades and these reasons even block the ability and possibility of helping and saving them.

1- Applying common successful strategies; this is the case when a CEO applies successful strategies that generated great amount of profits in certain types of industries or businesses and then come to apply it to different types of companies , corporates , or businesses then they put these businesses into a serious trouble.. And this is exactly what happened to JcPenny when Ron Johnson it’s CEO who has been successful in the electronics industry but failed to run the retail Stores of Jcpenny and the same issue happened with Carnival the giant cruise line company and it’s CEO Micky Arison. What each successful manager and business leader should is to understand that what works in one company may not and probably won’t work for another , so its definitely will not work for a business from radically different industry.

2- Over-Optimism : when you as a senior , manager, business owner , entrepreneur get to be over optimistic about your business you will then get to overlook things, trends, new entrants, problems, fraud, customer needs , market conditions….So you shouldn’t be over optimistic nor over pessimistic rather you should try to look at things from whats the best for your customers, community, shareholders, employees and act upon that …..

3- Ego ; seniors or business owners with high ego will definitely lead there businesses into a crisis situation because they only believe in their own way of doing business , in applying the strategies that they believe in, they are so close minded to any other strategies, solutions, insights, and most importantly they are not customer oriented , and they do not listen to any suggestions by their work force.These people are not objective nor mindful about market , industry and customer changes.They will rapidly deteriorate their businesses. I believe they should be replaced with knowledgeable open-minded people who continuously learn and develop themselves and their employees.

4-Slow pace : its when the pace of your organization development doesn’t match customer changing needs and industry trends. Here the company lacks a department that should on a continuous basis monitor market and industry trends and most importantly the quality of life and changing customers needs. Like the case of Barnes and Noble the largest retail book seller in America.

5- Masky Numbers; like high profits but not collected, high GDP or even depending on numbers just to take decisions for expanding or acquisitions without investigating what these numbers hide and other issues like do we have the necessary solid capabilities to expand, are there reputation problems, major operational dilemma, is it the right timing . Also don’t forget about high currency rate , its not the high but the variation and degree of that variation in the currency where you tend to expand or set up a new business.

6- Copying, when you imitate competitors you will lower your prices and definitely quality so you will end up with low customer satisfaction and vanishing your customers base. Be creative , not necessarily a breakthrough , but you can be niche focused.

7- Bad messaging; its like when you use sexual messages or statements to attract teenagers .Like the case of American Apparel. So be aware of the content and attitude when you deliver a message to your current or potential customers.

8- Aggressive expansion and very Fast ; it will drain your efforts, money ,resources, time and focus and you will jeopardize your business continuity and enter into a deep distress. A good example of this case is Sun Edison.

9- High Expenses and large market share with NO sufficient revenues to cover those expenses and this is the case of Amazon and Uber, which could in the very near future get them into a great business setback.

10- Stable Sales & Profits ; they get some business enjoy the feeling that everything is going awesome and there is no need to do more or we can wait for sometime before we can think of making a new development or any forward movement.Don’t settle and keep moving towards the best , the best is an abundant stream that never ends or limited to location nor time.

10- An extremely important factor that caused and continue to cause businesses from different sectors and in different sizes to close their doors is not taking care of their people; not building a relationship with them based on trust, respect and positivity .

11- Being Reactive instead of being proactive.

12- Lack of human psychology which will lead to negative communication and actions ….

13-No qualified people in place nor there are smart or strategic alliances.

14- Limitations; limiting your business to specific resources from suppliers, people, location, sources….

15-Going after customization instead of pursuing niches.

16- No balance ….it happens when you misuse some resources while over using others and pausing others…

17- Moving backward with your business; and this happens when you operate and create services and products from your perspective not the customers’ perspective.

18- Competition; because it will diminish value and you will concentrate on how to beat your competitors by providing products and and services that better in price and better than your competitors but that’s only from your own point of view !!! Well, your first priority should be is to provide value from customers’ point of view and not yours even if you think that what you do is better ….

Finally, if you are pursuing business continuity and sustainability go through these causes again and again to make sure that you are not already getting into them and even if you are then act upon that as quick as possible so you can mitigate potential risks.

If you are unsure about the causes behind your business dilemma or distress and you don’t know what you should do to specify the causes then quickly contact me , the earlier the better. I will make your business recover in a faster manner than it is supposed to take.

Contact me Dr.Salam Amin via Dr.salamamin@yahoo.com or via skype : Dr.Salam Amin.

 

Top 17 Actions that End Any Business…

Top 17 Actions that End Any Business…

Great Companies continue to fail and end its existence in the business world due to actions that drive failure in its various forms like bankruptcy, selling business , divestiture , spin-off …

As a Turnaround Professional and because business owners mostly come to me at late stages, I have seen many of those cases and I even can project who are on that same road of getting out of business.

Let me share with you 17 actions that will lead any business not just to under perform but to get into a crisis mode that would probably end its existence unless quickly corrective actions are undertaken to turnaround the collapsing business to a successful one.

Here are the actions :-

1- Not creating products and services from the customer perspective.

2- Operating within the constraints of the industry without giving a deep thought of possible hidden opportunities beyond these constraints or borders.

3- Being always reactive instead of being insightful , researcher and speculating what might happen and prepare your business accordingly ( proactive mode).

4- Blaming rules, regulations, governments for losses instead of trying to take advantage or trying to figure out solutions to overcome obstacles.

5- Giving Credits.

6- Late to act .

7- Greed.

8-Trading-off quality with price.

9- Wrong Targeting .

10- Relying on previous success stories this will help you in gaining strong market position for some time , but it doesn’t guarantee business sustainability.

11- Not being updated with the trends and taking necessary actions to move your business in the right direction.

12- Not available in the right time and place , so customers can’t reach out to you or they may even not aware of your business existence.

13- Not closely monitoring the market so as to be aware of changes that might affect your business like a breakthrough or a new entrant.

14- Sticking to old mechanisms .

15- Being Fearful which will make you settle for the status quo and will also end your business life especially in our current dynamic era.

16- Employees Dissatisfaction.

17- Settling down enjoying current success and exaggerating your rate of optimism .

 

These are some critical actions that caused businesses to get into hardship and then a shutdown. So, let’s be aware , be attentive and keep moving , changing taking smart well calculated risks and dedicating all the effort needed towards thriving our businesses.

And its my job to thrive your businesses despite any hardship that your business are suffering from, just don’t hesitate to contact me to save, boost and thrive your business.

Contact me via email : Dr.salamamin@yahoo.com or Skype : Dr.Salam Amin .

How to Successfully Setup an Online Business ?

Alt+ "setuponlinebusness"
           Successful Online Business 

How to Successfully Setup an Online Service or Product Based Business ?

Before You start your online business you need to address the following questions as they are the foundations for your online Business. Ask yourself :

1- What kind of business I will do? Is it service based business or product based business?

2- Who is MY target market?

3- What information do I need to know about them? like their demographics, preferences, likes , dislikes, influencers ….and how I will know this information?

4- How my products or services will provide them value?

5- How to approach them ?

6- How to Retain my customers?

7- What Legal Documentation do I need ?

These questions will actually form your solid blueprint if you answer and prepare for them in advance…You will save yourself wasted time, efforts and money and you will also achieve better and faster results.

Let’s go through them :

1- Specify what exactly you will provide is it a service like; are you an e-accountant , e-legal consultations, social media services, marketing expert , gaming expert , Turnaround expert , Business consultant , designing , developing , SEO, hospitality consultations or online mentoring and training or teaching….Or are you providing a product like; digital products ( ebooks, sales pitches….) or physical ones like fitness products , handmade products, clothing , tech products, communication products, beauty products, Supplements , complimentary or manufacturing products in various fields.

OR maybe you are thinking of providing both like what I do; by providing business consultations for Hotels , Aviation,Tourism , retail , shopping Malls on how to expand their business, what are hindering their business profits or how to make competition irrelative and at the same time provide online courses and training (digital product) .

Let’s take another example in the fitness industry, where you can provide fitness tips about losing weight and getting in shape while also providing some products of different kinds like nutrition and workout products.

2- State who is your target market exactly; are they woman , men , teenagers , mid – weight people of all ages and genders or people who have relatively good weight but need to get in shape ….Here I advise you to choose a niche so you can focus and then expand within this niche. Dominate your niche you will even increase your potential profits.

3- Compile information about your niche ; where are they located , what social media platform do they use mostly , what are their pain points and needs, who are they influenced with , who have an impact on them , what are the occasions they care most about ( general and special occasions )…..

The more you know the better you can serve them and satisfy them and increase your profits . How do you do that ? There is no secret formula for that, you can do a thorough google search , go to forums ask questions gather answers, you can also use hashtags and track them look what people put images under these hashtags , who are they , what are they commenting ….you will get to know a lot .

People who comments in the youtube who watches those health and fitness products and workout videos are a valuable source for information….Sources are endless and many of them are FREE you just need to put in work and use your creativity.

4- In order to win a reward you have to provide something in return; you have to provide value to customers in order to achieve revenues and profits.

To attain the best results keep in mind two crucial points ; the first one is to fulfill a value that is not filled by other competitors or provide the same value but cover areas where competitors didn’t cover. look what other competitors aren’t satisfying as targeted people wish .

Let’s take an example from the medical industry ; regarding people who are diagnosed with diabetes who need to take insulin on a daily basis , these patients have different types of insulin offered from different types of companies that have different prices, compositions and with different impacts on the body , which all of them gained different profit margins and they competed based on incremental improvements but this is so effort consuming and constrained to limited profits and the most important un loyal customers.

Thus, other companies came with another highly profitable insulin that generated massive amount of profits by providing insulin in a simple fast painless way for patients to inject themselves with in order to mitigate their painful daily experience. Then the idea got imitated . Another company thought of producing insulin with totally different composition that will enable patients to only take it once a week without any pain plus that it will radically improve their diabetes status better than the daily insulin injection, which generated massive profits .

5- Approaching Customers online according to my experience with my clients from different industries and from different geographical areas across the globe can be best attained by identifying at the beginning only two main social media channels so you can focus especially if you are doing the whole work alone and you identify them after you gather your information , but I prefer to keep linkedin as one of them because its a strong highly essential platform for any type of business. Then you also should have a website with a hosted shopping cart like shopify or bigcommerce .

Or you can create your own shopping cart especially if you want to sell your own digital products . And ofcourse don’t forget to establish a payment gateway.

Another method is to create a profile on magazines and forums and social media groups where your potentials exist, this is so important because there you can get engaged with them know more about them and let them know about you also and what you provide .

6- Always Pamper your customers , even when they are one time customers. And there are various ways to do that by surprising them on their occasions with no sales offer just a gift this will have a huge impact on them. By giving constantly tips and advices about their areas of interest related to what you deliver. By providing a refund if they are not satisfied….Means are endless when you want to retain customers…. Again just be creative and limitless.

7- I advise you to consult an attorney who is knowledgeable about the laws regarding online business and prepare all the legal documents that is needed to protect the rights of all parts engaged in any transaction like you as a business owner or if there is a dealer and the customer or any other party that might be engaged in the process. If you can’t financially afford an attorney especially at the early stages or your attorney is in a vacation, then you can use one of these resources : Legal Match , Business in a Box, Find Law ….Also its important to have an extensive idea about legal stuff you will probably need .

At the end of this article I encourage you to plan ahead your online business to deliver and achieve the best value .Please Keep in mind to continuously learn new knowledge and update yourself with the latest industry trends and other related industries to make the necessary adjustments and improvements or it might be a radical Business Turnaround ! who knows?!

I will always be pleased to receive your comments or inquiries at Dr.salamamin@yahoo.com or at Skype : Dr.Salam Amin .

How Could Profits lead to Bankruptcy?

How Could Profits lead to Bankruptcy?

If your Business is Profitable but still it is getting sick, then this is called the case of a profit trap that usually businesses get into unconsciously.

In this blog I will be talking about four profit traps that could lead businesses to bankruptcy.

Profit trap no. 1 : Your business is profitable but still it is not generating enough cash to grow, to invent, to innovate, to improve, for shareholders distribution, or for capital purchases…And the reasons for that vary; it might be dampened sales rate,  frustrated demand , fluctuations in the commodity pricing and availability, a rival poaching your customers or a technological shift that your business is not aware of. In this case of a profit trap I advise you to consider these solutions after investigating the reasons behind your current business situation:

  • Broaden or shift your resources .
  • Conduct smart agreements with suppliers.
  • Creatively entice customers needs and usage.
  • Go for clustering…
  • Look for multiple niches…
  • Partner intelligently with key players.

 

Profit trap no. 2 : Detrimental Profits.

And that is when your profits enchants in too many roots that are profitable and expensive but perishable and your resources are bounded and your paramount is to get the highest return out of them. So, in this case you are supposed to specify your first and foremost streams in order to obtain and recoup the highest return out of your  available and confined resources.

 

Profit trap no. 3 : Diluted Profits.

It is when your business is generating great profits but they are diluted due to over expanding .Sure, we business owners like to expand but dear you should first invest in strengthening your business and then expand wisely.

 

Profit trap no. 4 : Cash is not collected.

In this case of a profit trap your business is profitable and it is generating enough cash but the cash isn’t collected. If you are conducting transactions and giving credits state duration and rate limits. And I prefer if you use the cash paying privileges technique.  

 

Please be aware of these traps they could end your business in an unexpected way or it could be sold to a competitor, remember your business is profitable.

 

Remember you can always consult me at any time about your  business .You are more than welcome . Let me share you your  Success story.

Drsalamamin@yahoo.com

Whatsapp me  00962795116324

Skype Dr.Salam Amin.

Please after you read my blog leave a comment.I will be delighted to hear from you.

 

لماذا الحوكمة ليست هي الخيار الأمثل لاستمرار بقاء الشركات العائلية في الخليج ؟ وما هي الحلول؟

لماذا الحوكمة ليست هي الخيار الأمثل لاستمرار بقاء الشركات العائلية في الخليج ؟ وما هي الحلول؟

كلنا نعرف مدى أهمية وتأثير الشركات العائلية في الخليج على الاقتصاد الوطني وبالتالي أهمية بقاء واستمرار هذه الشركات أمر وموضوع يجب معالجته بشكل جذري حتى لا تتعرض اقتصاديات دول الخليج لخسائر ومشاكل يمكن تجنبها

ولكن المشكلة تكمن في أنه مازالت الجهود المبذولة والحلول المطروحة حتى الآن لا تضمن لهذه الشركات الاستمرار أو اذا استمرت فلن يكون لوقت طويل.
وحتى لا أطيل عليكم سأذكر لكم سريعا وباختصار الحلول التي تم طرحها حتى الآن

تحويل الشركات العائلية الى شركات مساهمة عامة. ولكن هناك كثير من الشركات التي رفضت ذلك حفاظا على هويتها وارثها التاريخي .
الحوكمة الرشيدة.
تشريعات لدعم استدامة الشركات العائلية .
التحول الى مجموعة عائلية .
وجود مكتب للعائلة .
وضع دستور للعائلة .
اقامة أفضل هيكل ملكية مناسب .
فصل مجلس الادارة عن الادارة التنفيذية .
الانتقال المبكر للسلطة .
استقطاب خبراء لادارة الشركة .
فصل الادارة عن الملكية.
لجنة اصلاح ذات البين .
باب التخارج.
ميثاق الشركات العائلية.
توسيع قاعدة ملكية الشركات العائلية .
اتفاقيات نظامية .
صياغة ثقافة مؤسسية جديدة.
هيئة استشارية عليا.
تحويلها الى شركات مساهمة مغلقة

انشاء محكمة استشارية

قد تنجح هذه الحلول لبعض الوقت فأنا لن الغي فاعليتها ومدى نجاحها ولكني أسميه بالنجاح المؤقت الذي قد يضع الشركة العائلية في غيابة الجب مع أول ريح عاتية

حتى بوجود المؤسس الاصلي للشركة وبسبب الاطماع وأحقية الخلافة وحب الهيمنة والنفوذ تبدأ النزاعات واللجوء للقضاء وأحيانا التزويروغيرها من الامور التي قد تهدد أو تنهي وجود الشركة العائلية في فترة زمنية قصيرة وبالتالي تتسبب في كارثة اقتصادية

لذلك مقالتي هذه تضع حلا من أصل 3 حلول جوهرية قد توصلت اليها من أجل استمرارية الشركات العائلية سواء في حالة وجود المؤسس أو في حالة نزاعات الورثة . فالغرض والهدف هو حفظ حقوق ومصالح الجميع دون الاضرار بجهة على حساب الأخرى

والحل الذي سأذكره في هذه المقالة يهتم بموضوع الوقت؛ أي أن لا تتكبد الشركة العائلية ولا الدولة باقتصادها ومجتمعها خسائر هائلة بسبب فترة الخلافات العائلية سواء بوجود المؤسس أو غير ذلك

دور الدولة ؛ فالبرغم من التشريعات ووجود المجالس مثل مجلس الشركات العائلية لمجلس التعاون الخليجي أو الجمعية البحرينية للشركات العائلية الا أن هذا كله قدلا يمنع من انهيار بعض الشركات العائلية في وقت ما أو استحواذ الشركات العالمية عليها بسبب العولمة و مصالح هذه الشركات العائلية مع الشركات العالمية والتبادل التجاري بينهم .
لذلك أعزائي يكمن الحل من جزأين

الجزء الأول : هو دور الدولة و في وجود مستمر لها ودائم ليس فقط في مجلس الادارة بل في الادارات التنفيذية للشركة وبشكل يتم ترتيبه بما يتناسب مع الجهتين وهذا التمثيل يجب أن يتكون من ممثل قانوني الذي يجب أن يكون ملما ليس فقط في قوانين الاعمال المحلية بل والدولية لحفظ مصالح وحقو ق الشركة وخبير أعمال في مجال قطاع أعمال الشركة والاعمال الدولية.
هنالك فائدتين ومهمتين للدور الدولة هنا وهما : الحرص على المشاركة في تسيير أعمال الشركة العائلية بأحسن صورة تدعم فيها الدولة الشركة العائلية في نموها وتطورها وحماية مصالحها وبالتالي اقتصاد الدولة، أما الفائدة الثانية وهي دور رقابي في نفس الوقت يحمي أيضا مصالح الشركة والدولة في أثناء النزاعات.
فكما نعرف عند حصول النزاعات تبدأ الخسائر والديون بالظهور والازدياد .فتأتي الدولة لتسير الاعمال بما يحفظ مصالح جميع الاطراف حتى تستقر الأمور

الجزء الثاني من الحل : هو نظام خاص ومتطور واستراتيجي يتم تصميمه حسب ظروف كل شركة عائلية، ولكن هذا النظام في كل الشركات يجب أن يتمتع بالخصائص والمهام الاستراتيجية الآتية

الاحاطة

الربط

الادارة والحكم
ويحتاج تطبيق هذا النظام الى شرح مفصل ودقيق حتى يتم تطبيقه بشكل يضمن نتائج ناجحة وفاعلة جدا على المدى القصير والبعيد جدا

وهذا النظام يضمن حل مشاكل الشركة الحالية و المستقبلية من ( الحفاظ على الهوية التاريخية للشركة ، مشاكل الورثة والارث ، الائتمان ، الادارة والملكية ، تعاقب الاجيال ،ادارتها عالميا ، الركود الاقتصادي ، التدفق النقدي ، المنافسة …).

وأخيرا أذكركم أعزائي أن هذا الحل هو أحد ثلاثة حلول توصلت اليها بعد عملي كمستشارة لعدد من الشركات العائلية وحضوري لعدد من الاجتماعات الخاصة بتلك الشركات ودراساتي المعمقة والتفصيلية للشركات العائلية ومشاكلها في مختلف دول العالم وخاصة الخليج ، لذلك أعزائي لا تترددوا في التواصل معي من أجل استمرارية شركاتكم العائلية وتعب وجهود سنوات العمر

Dr.Salamamin@yahoo.com

Skype : Dr.Salam Amin

My Mobile : 00962795116324

The Most Important Positive and Negative Impacts  of Brexit on  European Market, GCC & MENA region.

The Most Important Positive and Negative Impacts  of Brexit on  European Market, GCC & MENA region.

A lot of debate, speculations and assumptions are still going on آ regarding the huge event of Brexit because of آ the uncertainty that covers its possible positive and negative implications on the آ global economy either directly or indirectly.

In this blog I will put آ to you the most important positive and negative impacts of Brexit on European the Market, GCC, Japan ,China & Mena region. I will also put some quick tips for businesses to help them move forward.

Some countries will enjoy the positive effects of آ Brexit while others will fear the threatening challenges that might emerge and tackle their interests as a result of آ Brexit. Well, at least this is what many think of.

In my opinion as a Turnaround specialist and strategic business advisor, آ Britain  decision to enjoy an autonomy over its economy can be turned around آ for each business sector even for each company or corporate آ to benefit from for their own good despite level of Brexit impact on their location and economy.Definitely , we can’t deny some negative effects but still with smart and strategic restructuring and Turnaround moves آ each business sector, company , MNC or corporate can diminish the side effects and maximize the positive ones of Brexit.

Note: At the end of this blog I will be giving some tips for businesses to overcome financial and economic issues as a result of Brexit.

I First put to you first beneficial links about Brexit Hidden Opportunities and Threats :

Brexit and The EU Market:

Brexit Impact on the MENA آ region & GCC.

Brexit and Japan

Brexit and China

Hopefully, I saved you some time putting some major آ beneficial links for you to recap the potential effects of Brexit on different regions. But I also would like to mention some quick tips for every business owner and every person responsible for running a business of any kind and sector, and these are:

  • Broaden your thoughts and strategies and think out side the box to get advantage from Brexit impact and to turn negative effects to positive effects.

  • Re-build and restructure your business platforms and profits approaches…

  • Conduct new -creative types of arrangements, agreements ,cooperations and partnerships to gain new type of privileges that would offset any losses or disadvantages resulting from Brexit.

  • Expand into new lines of Business…Its a great Opportunity.

  • Laser -Focus and think of the unexpected implications of Brexit and start preparing …

  • Shift and Diversify your Business Focus.

Business success and sustainability needs smart آ work and actions despite circumstances and national or global events…So let me آ share and boost your آ business success, and please don’t  hesitate to contact me Dr.Salam Amin .

dr.salamamin@yahoo.com

Skypes : Dr.Salam Amin

www.sosyourbusiness.com آ

Why Some Managers and Executives Hesitate to ask for Our services?

       

 

Why Some Managers and Executives Hesitate to  ask for Our services?   In this blog I am not going to tell you here are the services that I  Dr.Salam Amin the founder of SOS Your Business will provide you or here is what SOS Your Business offers.But what I look for always is how to impact businesses and how to  add Value to our customers and to our prospects who are seeking business help.In this blog I will manifest our business actions towards achieving  business long-term sustainability.Also I will mention TWO  highly important Notes  regarding our Services….

** Please wait for our coming strategic blogs regarding Walmart , Amazon, and Uber….

In SOS Your Business we look at what matters to our customers ? what are their challenges & fears? What are their needs? And we provide, achieve and conquer them using creative and sustainable methods , techniques and solutions…

 

In other words, SOSYourBusiness-Dr.Salam Amin  aims at impacting and moving every business forward associated with strong immune system against economic financial fluctuations. And this was proved with our previous success stories which seemed in many cases to be  hopeless cases or extremely hard to transform their unpleasant results to pleasant ones.

 

Now lets mention the two important Notes about Dr.Salam Amin Services ; The first Note is:

 

PLEASE PLEASE PLEASE Keep in mind that any company or business that ask for our services will not be a reason to kick out the CEO or any of the key people who handles running the company or in charge of its operations. BUT,we will be your strong supporter as a manager, executive , as an organizaton leader , corporate executive director , or as a General manager. I am  your solid pillar that will work hand by hand with you to support your business and move it forward  to nourish and expand ,to overcome your business challenges whether you are an  organization , holdings ,university, hotel , governmental organization, ministry, NGO  , resort  , or in various types of sector or industry  like retail sector,  car industry , Malls, Product based businesses, services based businesses…..

 

The Second Note : Dr.Salam Amin Services are aligned and tailored  to match your business needs and to achieve your business desires especially as a business owner and as board of directors. Thus, you can ask for  Dr.Salam Amin’s  services  in many different ways like:

  • One- Mission Services : ( One time Contract ) in which you are looking for external help  and you want to outsource,  this type of service is for solving a specific problem or to help  you with a specific mission for a limited time like planning your business expansion and designing all the necessary methods , tools , tactics, strategies , plans, procedures…or for figuring out new creative solutions to boost your revenues and Profits, or take your business out of a bankruptcy situation, market penetration ,or handle for you a merger or acquisition , divestiture , amalgamation process ,reorganize your logistics, restructure your supply chain.Or you are asking Dr.Salam here to know  why and what’s  wrong with your company ,organisation, production process , decreasing customers ,visitors, guests, clients and weak performance results .

So this type of our services is crafted according to your type of need and objectives especially if they are temporary.

 

  • Long-Time-Contract : in this type of services you are asking us to be your Private Business Advisor , Your Private Business Consultant , part of your company board of directors or management Team ,or lead your business and enhance its life and existence.To be laser focused , to pierce  and to expect the unexpected  for the sake of taking  all the necessary steps , actions …to back up your business  and to prevent it  to be in crisis mode .

Simply here when you ask for this type of service you are doing two things : the first is protecting your business from being open and exposed to risks and crisis.The second is continuously maintaining the progress and success of your business and its increasing sales , revenues, and profits…

 

At the end of this blog please remember that Dr.Salam Amin Services are customized to achieve your goals and objectives.And that SOS Your Business will always be working by your side supporting and assisting your business not take your place .

 

Always ask for our services and honor us to share you your business worries, problems, challenges ,ambitions and desired destinations. Where ever your business is located in Europe , MENA region , Australia , Africa….. Let’s enjoy the success together. Call us!!!

 

Skype : Dr.Salam Amin

dr.salamamin@yahoo.com

www.sosyourbusiness.com

Best 7 sectors For Investing…

 Best 7  sectors  For Investing…

The Reason I am writing this blog is because I am always asked this question by Investors : What is the best Sector to invest in?

In this blog I WILL  answer the above question, but first I would like to  notify every investor about some strategic Considerations to be attentive to …

I need from every investor to ask himself/herself the following questions before choosing the best sector to invest in. Thus, these questions will clarify and help you as an investor to take the right and best decision for maximizing your returns.

And these questions are :

♦Ask yourself : what type of investor am I? Am I a patient long term Investor or not ??? Am I a Risk taker Investor ??

♦Is it my first time to invest in something or in any type of sector ,,or is it a new sector for me to invest in ?am I confident and aware of the investments that I’ll go for, did I gather all the information I need and that supports my investment success.

Ofcourse, I encourage going beyond the known and expected  to new type of investments and be brave enough to do so , because if you don’t you might risk what you have and in other cases you will lose opportunities,  especially in our global markets.

♦Why I want to invest in the first place ; my objective; is it just profits or are you also looking forward to make something positive for society and humanity?

ً♦Who will be in charge for my investments ? is it me mainly? Do I have the qualified team to professionally  handle my investments before starting , within or in process  and after the investments and projects are activated…

♦Am I prepared with all the plans ( futuristic, tactical, operational, contingency ) strategies, tactics , procedures,proactive and reactive actions and teams to ensure efficient continuity of my  investment.

♦How will I withstand and distinguish my investments from others.

♦Are you Realistic with your numbers and expectations ???Don’t be Over -optimistic nor Over pessimistic.

♦Am I going through a certain investment on my own or do I have partners? And How essential those partners to my investment?

♦What are my capabilities for investing like  ( resources; intellectual capital ,financial and non-financial capital )?

In addition to the above questions I want every investor to keep in mind 2 important points:

♠The first one is : Even if your feasiblity study sounds positive and encouraging DO NOT OVERLOOK  things; don’t rely on this positivity but expect the unexpected and prepare for it.

♠Secondly:  no matter how bad or good the economic situation is,  you can and you should turnaround the event or  situation for your own good. Take the good and advantage from every situation. Remember you can do it if you want .

The main idea here is to be comprhensive in every detail and always be updated with The News and events that might by any way affect your investments and at the same time how you can get the best out of them.

Lets come to the main purpose of this blog ; The Best 7 sectors to invest in :

♥Inventions….¸for more Information Contact us.

♥Specific types of Raw Materials & Trading…

Health Care …this sector rather than being so   profitable in almost every country and at different time frames all over the globe it adds  value to the society and the investor himself.

♥Education Sector; its like the above sector in adding value , socially responsible one , and so profitable ; its profits  and revenues are quickly attained .

♥Hospitality; a sector that if investments were made in it associated with excellent choice of country, type of hospitality investment ,well managed and developed….. will generate a huge amount of cash flow and great profits.

♥Aviation Sector…..For Consultations.

♥Creative Technology Sector…..Contact  me Dr.Salam Amin.

These are extremely profitable sectors if undertaken by Professional people Advise and Management, especially in our highly competitive and changing world with lots of surprising events. But don’t worry SOSYourBusiness is your Success Agent.

Please don’t Hesitate to Contact us

Dr.Salamamin@yahoo.com

www.sosyourbusiness.com