Navtej Kohli Business Blog

Navtej Kohli business blog brings what’s up and coming in the global business arena. China is soon to excel South Africa and the United States in Gold production says Navtej Kohli.

China is all set to become the world’s leading gold producer in 2008, with output reaching 300 tonnes, the China Gold Association (CGA) said Tuesday.

“Recent years have seen a continuous drop in gold output in South Africa and the United States, traditionally big gold producers, while China maintains an annual growth rate of five percent,” said Hou Huimin, vice president of the association.

the recent CGA statistics reveal that the gold output of South Africa, which has led gold output since 1905, was 272 tonnes in 2007, while that of China was about 270.5 tonnes, 1.5 tonnes less than the former.

China has proven gold reserve of more than 650 tonnes in 2006, while another five gold deposits were discovered since the beginning of 2007, said Hou.

“With the improvement of exploration level and technology in processing ores, the output of gold will continue to increase,” he said.

Gold production increased in China, where the output stood at 4.5 tonnes in 1949 and 100 tonnes in 1995 today stands at whooping 300 tonnes.

China had been the fourth largest gold producer from 2000 to 2006.

Navtej Kohli business blog presents an interesting and factual story that again shows the basic human tendency of poking nose in matters of the other…
This is a true story. Some years ago a client engaged a consultant to help with a small postal mailing to the purchasing departments of blue chip corporations. The consultant sourced the list (which was provided on MSExcel) and drafted the letter. Thereafter the client was keen to take control of the project, ie., to run the mail-merge and the fulfilment (basically printing, envelope-stuffing and mailing).
The consultant discovered some weeks later that a junior member of the client’s marketing department had sorted the list (changed the order of the listed organisations in the spreadsheet), but had sorted the company name column only, instead of all columns, with the result that every letter (about 500) was addressed and sent to a blue chip corporation at another entirely different corporation’s address.
Interestingly the mailing produced a particularly high response, which when investigated seemed to stem from the fact that an unusually high percentage of letters were opened and read, due apparently to the irresistible temptation of reading another corporation’s mail.

Navtej Kohli came across an interesting survey conducted by American express. Below are some adverse findings of the survey, summed up by Navtej Kohli.

America’s small business owners are very determined and are constantly pushing ahead with plans to grow their business. Not withstanding the heavy loss of sales due to soaring energy costs they are optimistic and moving ahead with dogged persistence.

According to the American Express open survey only 45 % of US small business holders are positive and more than 70% plan to expand their business in next six months. In fact, half of them are ready to take on added financial risk to get it done, the survey said.

Despite of growing economic uncertainty throughout the US, the small business owners (almost 9 out of 10) see the sunny side. According to the survey, a majority of 75% small business owners would still recommend a friend or family member becomes an entrepreneur.

However, there still are those who can foresee the tight spot. Especially the retail business owners have the most negative attitude with nearly half expecting the economic environment to hurt their prospects. One in five small businesses in states located in the northern midwest think they’re in jeopardy of going under.
And 56 percent of small businesses are having cash flow problems, according to the survey.

I know today is monday morning and all of us feel sleepy and do not feel like working. So, keeping that in mind here is something to cheer you up and energize you for the day.

A mathematician, an accountant and an economist apply for the same job.
The interviewer calls in the mathematician and asks “What do two plus two equal?” The mathematician replies “Four.” The interviewer asks “Four, exactly?” The mathematician looks at the interviewer incredulously and says “Yes, four, exactly.”

Then the interviewer calls in the accountant and asks the same question “What do two plus two equal?” The accountant says “On average, four - give or take ten percent, but on average, four.”

Then the interviewer calls in the economist and poses the same question “What do two plus two equal?” The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says “What do you want it to equal?”

A young businessman had just started his own firm. He rented a beautiful office and had it furnished with antiques.

Sitting there, he saw a man come into the outer office. Wishing to appear the hot shot, the businessman picked up the phone and started to pretend he had a big deal working.

He threw huge figures around and made giant commitments. Finally he hung up and asked the visitor, “Can I help you?”

The man said, “Yeah, I’ve come to activate your phone lines.”

Hope you have a fun time reading these!!!

Navtej Kohli shares a funny short story on the management scenario in a Big corporation. Enjoy, it’s really very funny.

A big corporation recently hired several cannibals. “You are all part of our team now”, said the HR rep during briefing. “You get all the usual benefits and you can go to the cafeteria to eat, but don’t eat any of the other employees”.
The cannibals promised they would not.
Four weeks later their boss remarked, “You’re all working very hard, and I’m satisfied with you. However, one of our secretaries has disappeared. Do any of you know what happened to her?”
The cannibals all shook their heads no.
After the boss had left, the leader of the cannibals said to the others, “Which one of you idiots ate the secretary?” A hand raised hesitantly, to which the leader of the cannibals continued, “You fool!!! For four weeks we’ve been eating managers and no one noticed, but noooooo, you had to go and eat someone important!”

Navtej Kohli business blog provides surefire tips for small businesses to succeed rapidly. Navtej Kohli compiles a few tips, he gathered from his own life experiences.

Starting up a small business is not as difficult as it seems. Some careful planning and strategically placed tricks can ensure your way to success.

If you are a small businessman and you want your business to thrive, find your USP. This is instrumental for assured success. Business industry is full of big predators, seeking an excuse to gobble down the small businesses. But why give them a chance? Make a difference and stand out of the crowd. Create market for your product and make sure that there is a constant demand for your product or services in the market. Find your unique selling proposition or USP.

A few ideas to start up your small business:

•    Get indulged into the business you love. Consider things your’re passionate about and would like to grow in.
•    Do some cash forecasting and financial planning in advance. Do some long and short term planning, allocate your budget. Know your projected income or revenue and cash expenditures to drill down to your cash flow.
•    Do some market research, evaluate your competition and stay up to date with the recent developments in your industry. This will help you define your USP.
•    Once you have found your USP, exploit it to the max.
•    Develop contacts and meet people to build a strong business support structure. Networking is imperative to strengthen the roots of your business.
•    Plan your work properly and implement intelligent management techniques. Assess your plans from time to time and carry out necessary alterations, if any.
•    Evaluate your competition and build strategies accordingly. Be ready for change and keep innovating new ideas that help you outshine your competitors.
•    Last but not least, be perseverant, keep a positive attitude be ignited all the time. Also strike a balance between your professional and personal life.
•    These are just a few tips that will surely help your business succeed right away and expand in the long run.