the deligence of business-part one

THE DILIGENCE OFBUSINESS-PROVERB 22:29./12:27

How to manage your resources’’’

Definition of the key words for a better understanding.

Angela Uyi : http://daintyprettyangel.blogspot.com

Manage

It is the process of doing something difficult or using Time / Information in a meaningful way to solve a problem.

To succeed in buying the things you need to live even though you do not have much money

These process can be seen as the ability to: Accomplish Achieve Cope


RESOURCES- 2 chro.1,14-17Can been seen as;

A valuable or tangible substance can be used to generate wealth or create a level of comfort and security to a person or people.eg;

Capital Income Asset Funds Means


The simple reason for this, is that resources are limited,

very scarce, Rare

while our wants, needs, demands are unlimited (so

many).


key role which determines where we are coming from (INCOME/RESOURCES)

the level we can reach (EXPENSES)

how we end up: (SAVINGS & INVESTMENTS)

Balancing the equation between our resources and needs


Can simply be described as a process of deploying the available income / funds in an effective way to yield maximun result / output.

Managing your finances to ensure your financial well-being =WEALTH

Prov.10;15(b).the rich man’s wealth is his strong city

RESOURCEFUL MANAGEMENT


AttitudeSkillsKnowledge

ATTITUDE: eg: 1sam18;14/ Psalms 101;2-8. The opinion and feeling you usually have

about something. The way you behave towards something which

could be positive or negative.

THE FUNDAMENTALS OF MANAGEMENT


SKILLS: Daniel 9: 21-22 Ability to do something well because of what you have learned or practiced.

`KNOWLEDGE: PROV.(22:3)(24:3-5),(14) The information you have gained through learning or observing.

Con’t


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

Illustration


A T T I T U D E

1 20 20 9 20 21 4 5 1+20+20+9+20+21+4+5 =100% Base on the above formula it is clearly stated that attitude

is the only thing that is 100%.

Positive-eg, DAVID, DANIEL, JOSEPH, JOSHUA ( EXCELLENT REPORT) -EPHESIANS 4:24-25. LUKE 3:10-14.

Negative- JONAH,VASHTI, (ROM.1:25)

ATTACHMENT OF VALUES


H A R D W O R K

9 1 18 4 23 15 18 11

9+1+18+4+23+15+18+11= 99

Hard Work is good, but is less than 100.

HARD WORK


What is your own attitude? Hard Worker Lazy worker Positive Attitude Negative Attitude

Your choice is determined by you and you alone. 2 Peter 3:13-14

The DRIVE for CHIOCE is DESIRE.

RIGHT DESIRE = RIGHT DECISION FOR RIGHT LIVING.PROV.11:23.The desire of the righteous is doing good:

Question


Salary: The wages for Labour, PAYMENT ON SERVICE (good or bad) JOB 4:8- …they that plow iniquity ,and sow wickedness, reap the same.

SALARY – OVER HEAD Expenses= NET INCOME

Tobi’s Salary 50,000:00

Over Heads expenses: Transportation: 5.000:00 Feeding: 4.000:00 9,000:00

Net income/ actual 41,000:00

Calculation of Net Income


Sales 150,000:00 Cost of goods sold /Capital 80,000:00 Gross Profit 70,000:00

EXPENSES Transportation: 4,000:00 Feeding: 5,000:00

Carriage in/out ward: 2,000:00

Telephone cost: 5,000:00

Damages: 1,200:00

Rent: (150,000/12): 12,500:00

Salaries and wages 12,500:00 42,200:00

Net Income: 27,800:00

Trader


1) Setting goals2) Assessing your financial situation

3) Managing your resources.

Financial Planning involves three steps:


ASSEST Bank Accounts Bal. Salaries Insurance Properties Other investmentsLIABILITIES Loans /CREDIT House hold expenses/Domestics Fees and bills/ Taxes Others

ASSESSING YOUR FINANCIAL SITUATION:

Assets – Liabilities=saves/investment.


Goals: something you hope to achieve in the future.

This are in three measures:

LONG TERMS-INVESTMENTS:LUKE 19;23

SHORT- By Scale of preference IMMEDAITE-By Budget on Income and Bills

SETTING FINANACAIL GOALS


MANAGING YOUR RESOURCES.

What is your Attitude? Positive, Negative or Hard Work? You must be discipline You must pay your tithe. MAL.3:8-10,HEB.7:5-9, Draw out a scale of preference Review your Goals Roll out your budget and monitor it Cut down on all unbudgeted (expenses) Avoid any extra ordinary financial activities

eg. SOCAIL PARTIES Angela Uyi :

http://daintyprettyangel.blogspot.com

Live within your means Stop comparing yourself with others. Luke

3:14c-BE CONTENT WITH YOUR OWN SALARY

Avoid over shopping Method / location of shopping Learn how to make money work for you by

saving, investing Look for creative and godly way to increase

your income by seeking for a financial expert to advise you.

Cont’


A true born again Sister: Prayerful. God fearing Positive Attitude Also work hard Faithful in her tithes Prudent in her expenditures Developing other line of income Putting investment first before expenses

In conclusion she is consistent –Proverb 31.

Case study 1-GENDER EXPECTATION


Mrs. No no She is the opposite of the former case

study

Case Study 2


As you take a decision THINK ASK/ PRAY EVALAUTE ACT WISELY DON’T WASTE TIME START SMALL BUT THINK BIGGER OVERCOME YOUR FEARS ,TAKE A LEAP BE QUIET /SOBER AND VIGILANT BE EXPECTANT

I wish you Gods blessing.

IN CONCLUSION


THANK YOU.


the deligence of business-part one

Documents