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It is often observed that there is tendency of spending lavishly and neglecting wasteful expenditure, when a businessman feels comfortable with his profits. We must not forget that at no point of time one should be careless about ensuring economy in expenditure. Wasteful expenditure may amount to a huge loss. Economic use of money and materials can even compensate short fall in profits. Money saved is money earned.

You might be well aware of the importance of time. Time once lost cannot be regained. Unlike any other resource, time is limited by its availability. Successful people differ from others in their attitude to time. They consider their time as an important investment which they bring in as their unique contribution.

Only 50% of British businesses undertake talent management activities, despite a majority recognising that it has an impact on their bottom line, according to research launched by the Chartered Institute of Personnel and Development (CIPD) at a series of conferences held in London. The research found that 38% of companies have a formal talent management strategy and the same percentage have a formal definition of talent management. The report found that companies have very different definitions of talent management. Paul Turner, professor and executive in residence at Nottingham Business School, told the conference: “There are those [companies] that have an exclusive

On a number of occasions we come across people who express their inability to initiate or even think of starting their own business. The usual excuses of the non-performers are: I have no money; in business one needs a lot of money; I have neither money nor knowledge to start my own business; business is for very clever people; how people like me can take up their own business? Rather than deficiency of money, place for shop or factory, knowledge or anything else, it is the negative approach which becomes the biggest hurdle in the way of being

If you are careless about time and neglect it, it may result in great loss. Suppose you keep on putting off your visit or writing to your clients to pay their outstanding bills, a day may come when they start simply denying your money and create problems for you. Here the rule should be : dont put off till tomorrow what you can collect today. Things change at a very faster pace these days. The more you delay in realising your money the more bad debts you will create for yourself.

University Park, Pa. -– A Smeal College of Business MBA student is scheduled to appear on the CNBC program "Fast Money" on Friday (July 27) during the television show's "Grade the Trade" segment. Second-year MBA student Jason Munson will have 30 seconds to explain what stocks he would buy and sell under a specific scenario described by the show's host, Dylan Ratigan. When he's finished, the show's panel of financial analysts will critique his stock advice and assign him a letter grade. "Fast Money" airs at 8 p.m. Eastern time on CNBC. More : live.psu.edu

An MBA Doesnt Guarantee More Pay I have been out of college for about six years. My undergrad degree was in international business/marketing. I always thought I would go back and get my masters but have yet to do so. I am not sure if it is worth it. Will I really make more money with an MBA I am not sure what I would specialize in or what I really want to do when I grow up. Should I get an MBA or some other masters degree just to have it, or would it be best to get one in

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