Effective tips to make decision faster

by with No Comment Business

Decision Faster is a trick that is necessary for any organizational environment. It helps in the easy determination of the problem. Decision faster also helps in identifying the solution to the problem and further implementing it. However, only decision faster is not enough. At times owing to the speed, the quality of the decisions made is hampered. Therefore the challenge for any organizational body is to strike a balance between quick decision making and better implementation of decisions. 

Standard Procedures to Make Decision Faster

Some procedures need to be followed to ensure quick and faster decision-making. Following are the procedures to ensure quick decision making-

1. Limit your options

The first procedure to ensure decision faster is to limit the options available in your hand. The more options you have the more spoilt for choices you would be. When you act under completion knowing that there are limitations to the number of choices and options that would be offered to you, you can make productive decisions focused on efficiency and better utilization of efficient resources. Having options makes you complement and you lack the proper discipline of the mind and body. For example- you are a UPSC Aspirant. You have two options- the first one if you have to study and secure qualification for the UPSC Mains examination. The second option, however, is to get a job in a multinational company. Now when you have two options, it is human psychology that you would select the easier one. Therefore if you limit your option to only one, you will be capable of focusing better.

Also read: Some Tips for Entrepreneurs To Save Their Time

2. Listen to your gut feelings

The second most important criterion of making decision faster is to listen to your gut feelings. There are circumstances in your life when you come across difficult situations. Although your mind tells you to do something, your heart tells you to do something else. This dilemma leads to rash decision making which can have severe consequences for your life. Therefore the only way to make quick and judicious decisions is to listen to your gut feeling. You may feel in a particular manner about a situation. This feeling arises from perceiving the situation in a particular way and then subsequently analyzing the situation and identifying a conclusion. Therefore proper analysis of a situation gives you a gut feeling that you should get involved in a particular activity or not. Listening to your heart helps make your decision faster. Although at times you do get repentant of the actions taken by you, on the majority of occasions you come out successful in your attempt. 

3. Pen down positive and negative sides 

decision faster

Identify the positive and negative sides of a situation. Identifying the pros and cons of a situation is considered to be a foundational pillar for sound decision-making. Therefore before you indulge in any activity note down the positives and the negatives. Conduct a rational analysis of the positives and the negatives noted down. If you find out that the positives outweigh the negatives, then you can perform or get involved with the activity. However, if you find out that the negatives outweigh the positives, you should probably refrain from getting indulged in the activity. For example- you have been made the chief administrative officer of your company. Upon getting bestowed by the portfolio, conduct a thorough analysis of the pros and cons associated with the responsibility given to you. If you find out that the positives are more in number than the negatives, then you should move forward with fulfilling your responsibility. 

4. Set a deadline for your decision 

Time-bound decision-making is considered to be an important part of the decision-making process. If you do not work with the boundaries of time, it will be difficult for you to complete any work. Time Boundedness not only helps in improving productivity but also ensures that the organization is successful in reducing wastage of time. Initially, you will have difficulty working under the time constraint. For example- you have been assigned a project by a superior. You have been given a deadline of 13 hours. You will feel the pressure to complete the work in time. On the flip side, however, only when you are under intense scrutiny will you perform better. You would have the urge to complete the work early and impress your superior. Moreover knowing that you have to complete the work within a particular time will help in better scheduling of the work. 

5. Overcome the fear of failure

The final hurdle associated with quick decision-making is overcoming the fear of failure. We have often heard the phrase being used repetitively- Failure is the pillar to success. This is not just an organizational catchphrase. This phrase is applicable in daily life as well. Only if you fail will you develop the courage to overcome the fear of failing. You will put in more effort to overcome and eliminate your shortcomings. The more effort you put into a problem, the faster you will be able to resolve it. Moreover, it would further help in quick and judicious decision-making. Therefore overcoming the fear of failure is very important. Once you overcome that fear, you will become capable of taking quick decisions based on your wisdom and judgment. This would help you contribute to the organization productively. 

Also read: Tips for businesses to survive in the pandemic 2021

Summary

Therefore the above points are to be kept in mind if you are looking to increase your ability to take quick decisions. Ensure that you are trying continuously to overcome your shortcomings. Becoming complacent and overconfident will never help you make judicious decisions. 

Frequently Asked Questions (faqs)

1. Why should you set a deadline to make decision faster?

Setting a deadline for your decisions would help you maintain time boundedness. Better and more efficient decision-making can be ensured. 

2. Should you pen down the positive and negative sides while making decisions?

Analyzing the positive and negative sides of a problem is important while decision making. It helps you weigh the pros and cons and take a judicious decision based on the proportion of positives and negatives associated with a problem. 

3. How to overcome the fear of failure?

Only by trying multiple times and failing can you overcome your fear of failure. If you keep on trying, the more are your chances to overcome failure and emerge triumphantly. 

4. Whom should you listen to while making decisions- mind or body?

While making decisions you should consider the opinions of both your mind and body. Then analyze which one would be better under the given circumstances. 

5. Does quick decision-making mean rash decision-making?

No, Quick Decision Making does not mean rash decision-making. 

If you are looking to get your startup boost in the market, register for the Al-Tijaraat-al-Raabehah business incubation program as it has a well-structured program for different audiences and standardizes to new learning. In this program industry, experts shall provide functional and technical knowledge for all the domains.

If you are looking for the right solutions for your small or medium business, we are willing to provide a good mentorship with an appropriate process to lift business click here

Also read: Best tips for improving your digital body language

Questions to help you decide if a late-in-life business is right for you

by with No Comment BrandingBusiness

Business environment thrives on principles like hard work, determination, and motivation to excel, “we have heard this statement repeated quite often in our daily lives” and have thus influenced our decision-making process and our thought-provoking ideas. We have to grow up in an environment where there have been preconceived questions that business is only for those with a handy amount of liquid capital while service is for those risk aversive people who prefer not to dwell deep into the complications of the business environment and prefer to stay afloat by working for a reputed organization and earning their share of the salary which is dependent on their earning expertise and competence level. 

From the above discussion, you might be wondering whether yes, your perception over the business environment and its subsequent functioning is truly lucrative and you might think that all these years you have spent your life following a partially true maxim. 

But if you do not take the risk, you would be having a life full of regret and missed opportunities. Thus before starting a business and getting into the depths of it just analyze the following set of questions which would help you contemplate the importance of the fact that business is for all time and all ages-

What are your objectives for the growth of your Enterprise?

Have a perfect knowledge about the reason why you are starting the business in the first place and have a clear objective and goal along with the requisite planning to fulfill that objective. 

How do you want to correlate your life with your business startup program?

Understand the fact that your life should be resembling your business prospects and objectives. The lessons you learned in life must be reflected in the business proposition you are starting. 

Which essential aspects of your life would you like to keep personal?

Personal and Professional Life should never come together and you must learn to make a difference between the priorities and demands of both these lives. 

Also Read: Top lessons businesses must learn from COVID 19 to grow post-pandemic

Essential Tips for Growing Your Business

How much capital would you possess for starting your business?

Through careful understanding and study, understand the requisite amount of capital that will be necessary for starting the business process that you will be involving yourself in, and understand the demands of the specific business model.  

Which personality characteristics should reflect through your business?

Your business model should be a reflection of your required personality. It should be confident, growth-oriented, and receptive to all the hurdles that you may face in the process. 

Which achievements of your professional career would you like to advertise through your business?

There should be no self pompousness acting in this regard behind your decision making. You will only be able to advertise and propagate your business properly if people are aware of your credentials and your accolades if known to them would instill a sense of confidence in you. 

Are you capable and receptive to suggestions?

You should be aware of your surroundings. You should ask yourself if you are always receptive to advise and what others have to say to you. If you behave Impolitely with them, it spells doom for your future business prospects. 

Are you interested in making people happy, joyful, and satisfied?

As a business firm, your primary aim should be to satisfy the needs of the consumers. Thus their happiness would directly indicate whether your business would have a positive or a negative outcome. 

What kind of customers would you like for your business to cater to?

You must possess an attitude to serve all varieties of customers. It help you understand a variety of problems and issues that you might address through your business decisions. 

Which objectives of your target customers would you like to achieve?

You should have a clear idea about the kind of objectives that your target customers. Else, prospective customers would have and you should work consistently towards fulfilling them. 

Conclusion

Thus if you’re late in the business environment don’t get demotivated. Start vigorously, work hard and sincerely and you are bound to taste success. Well, don’t get bogged down at all. It is true that the business environment is feasible for someone with determination and passion to excel. Moreover, it is a keen understanding capability of the facets or components of business scenarios. It is also true that no time is too late for starting a business. So instead of getting demoralized and non-receptive to such critical decisions at this juncture of your career, you might as well take the risk because you have nothing to lose if you do. 

If you are looking for the right solutions for your small or medium business, or even substantial and appropriate advice or mentorship, click here

Also read: 7 Tips for Building A Customer Service Team For Your Business

 

Surviving the First 3 Years in Business

by with No Comment BusinessUncategorized

Year 1 is really an exploration. You may not realize it at the time, especially if your business is an extension of what you’re already doing as an employee. “It’s not actually different,” you tell yourself. “It’s the same thing but in a new format.” You spend much of year 1 determining if this is, in fact, a business. Every small win feels enormous. If you survive year 1, you walk into year 2 feeling somewhat confident.

We call Year 2 the terrible twos. You have some idea that running a business is unlike anything you’ve ever done, but now you also have expectations, and what felt like a win last year, when you expected nothing (and no one else expected anything from you), now feels like barely scraping by. Yes, it’s a business. But everything—everything—is hard.

Did you make it to year 3? You may not feel like you won, but you did. Your business is about to hit its stride, building on those foundations that could not be knocked down last year. You may have reduced your expectations, reduced your offering, and reduced your self-esteem. But you clarified what you’re really doing, you understand yourself and your business better, and you are now building the business you didn’t know you were building when you got started.

We recommend you have, at a minimum, the below in place as soon as possible in order to survive those inevitable, terrifying ups and downs:

Your Team: As the saying goes: “If you want to go fast, go alone. If you want to go far, go together.” You will need to rely on your partners, coaches, advisors, therapist, and staff members to keep you motivated—and vice versa. The initial excitement will wear off and you may be bored of the endeavour before you start making any real money, unless you have the right people in place. You will fall in and out of love with your business. Make sure there’s one person (or several people) by your side who can keep you going.

Constant Review: Entrepreneurs are famous for being forward thinking, but you need to pair that with a regular look in the rearview mirror. What worked? What didn’t? What will you do differently? There’s no point in going through the terrible twos if you don’t learn anything from them.

Process & Systems: Free up your brain time by mapping your processes, and updating them regularly as you, your business, and the world around you change. Having systems in place will give your customers the consistency they deeply desire from you, as this communicates your reliability. These processes and systems make it possible for you to delegate chunks of your work as your business grows. On top of that, the fewer decisions you have to make about what to do next, and when, will allow you greater freedom to explore, learn, and innovate.

Business is not as easy or glamorous as media often portrays, but rest assured you are not alone! For many business owners, the first years are often the most challenging, but they can also be the best, because they’re the years that changed you so deeply that you can’t imagine doing anything else.

4 Tips for Effective Networking

by with No Comment Business

In today’s world, social connections help to solve a ton of everyday issues: to find specialists in the service sector (hairdresser, dentist), to get acquainted with a potential life partner, to enter a prestigious educational institution, to travel and much more. Thanks to professional connections it is easier for a specialist to develop a career and for the head of a company to find business partners, attract investors, build a successful brand and create a good reputation among potential employees.

What opportunities does networking or the ability to make contacts open?

Firstly, it is the best business opportunity. In modern business, world leaders prefer to have trusting relationships with people with whom they work. Secondly, it brings an increase in status. Being in sight is vital for creating and developing your career and business. Often, just chatting with certain people improves your reputation and increases trust.

We can share with you some basic tips for effective networking. You can call it recommendations or even rules. The only important thing is that you perform them sincerely and benevolently.

Be open to new acquaintances

If you have the opportunity to meet a new person be sure to use it! Save natural modesty for other situations but do not impose because the benefits of networking will be only if all parties are interested in it.

Remember or even record information about new friends

Use a notebook for this or keep an online database. More than a dozen fields are available for filling in with useful information when you save a new contact in modern smartphones, so fill in the basic data that will help you in your work or in finding the right specialist.

Leave a positive impression in any situation

This concerns not only the first impression but also the last even if you will never meet again (although where is the guarantee?). You can even present them your logo stickers so they can remember not just you but also your company.

Keep a positive attitude

So you will be remembered by others as a reliable and open to communication person.

The other question that arises is where to use these tips especially if you are new in the business world.

New entrepreneurs need to participate in industry competitions, summits, conferences because informal communication is most important for building a business. The participation of entrepreneurs in industry events is an indication that the project is in full view and is developing, that you are chosen among many other startups and that in fact, it is not so scary to invest in you. You may wear name badges so potential investors can remember your name and of course the name of your company.

The most important rule. It makes no sense to meet people at the event if then you do not use all the collected business cards.

What is a Mind Map and Can It Help You Organize Your Small Business?

by with No Comment Business

A mind map is essentially a diagram used to visually organize information, designed to help businesses improve brainstorming sessions, as well as collaboration and communication.

A mind map can be used by businesses to brainstorm thoughts and ideas organically. By plotting ideas into a diagram, you can turn often complex, monotonous information into an organized, colorful and memorable centralized format.

There are hordes of mind mapping tools available to small businesses, designed to enhance project cooperation, collaboration, clarity and efficiency.

Apps like MindMeister, MindGenius, MindManager and Creately, allow businesses to use diagram templates or create from scratch to craft visual cues designed to ensure teams process and retain information better.

By visualizing ideas, concepts and information, mind maps help people follow conversations and contribute in meetings for efficiently and effectively. Mind mapping is increasingly being used as an alternative to more traditional ways of presenting, such as using flip charts or PowerPoint.

Increase Productivity

By allowing the free flow of ideas in a controlled manner and creating easy visualization, mind mapping can reduce the completion time of different tasks, thereby significantly boosting a team’s productivity.

Research by specialist Chuck Frey, reveals businesses that the use of this tool for meetings, presentations, planning and more, increased productivity by an average 25%.

Many advocates also claim that 20 hours of work can be accomplished in just six hours simply by using mind mapping software.

Enhance Meetings

As well as increased productivity, using mind mapping can be a vital tool in enhancing meetings. For example, mind mapping shows keywords and important points instantly, meaning meeting participants are less likely to miss anything.

This visual type of presenting helps others visualize, which can improve memory, meaning participants are more likely to remember important points raised at a meeting.

Optimize Project Management

From coordinating multiple, often remote teams, keeping on top of workflows, and ensuring every part of a project is communicated and collaborated so that deadlines are met, and products are finished on time, project management essentially deals with organized chaos.

Mind mapping can be used to simplify tasks and create simple to-do lists. Advanced mind mapping tools enable users to insert specific task information, making project management easier and more efficient.

From ‘professional doodling’ that enables employees to present and discuss plans with a colorful, visualized diagram, to task delegation in which an entire map or perhaps just one or two branches represent which team members are responsible for different tasks, to brainstorming sessions and being used as a note-taking tool, mind mapping software is an invaluable tool in helping small businesses get more organized through optimized project management.

Improve Collaboration and Communication

Collaboration and communication can also be improved through mind mapping.  Using online tools can be an effective way for teams to collaborate, communicate and share ideas and concepts, particularly for teams that work remotely from different locations.

Mind Mapping for Creative Thinking and Innovation

Creative thinking and innovation are two of the most important requirements for sustained small business success. With spatial layouts and image and icon libraries, producing a mind map is an effective way for businesses to come up with creative, innovative ways to brainstorm an issue, deliver a marketing campaign, develop a new product, or make a pitch.

By transforming huge lists of often tedious and complex information into a highly organized, memorable and colorful pictorial representations, mind maps help stimulate ideas and nurture creativity and innovation within a small business.

Mind mapping is not difficult for businesses to master and, once they have, this form of visual outlining, provides a powerful tool to create greater organization, efficiency, productivity, creativity and innovation.

What is Blockchain and how does it help small businesses?

by with No Comment BusinessTechnology

When you think of blockchain technology, chances are it’s in connection with cryptocurrencies. But that’s only scratching the surface of what it can do.

Here’s a brief look at how blockchain technology works and how you can use it to give your small business an edge.

What is Blockchain Technology?

Blockchain technology — or, more simply, the blockchain — is a database of independently-verified information. Think of the blockchain as an incredibly large spreadsheet. There are copies of it on thousands of computers, called nodes. And these nodes connect to each other, forming a chain.

When you make a new entry, every copy on the chain gets updated. Every entry has a time-stamp too, so tampering after the fact is almost impossible. The blockchain is also cryptographically secured, which makes hacking extremely difficult.

How Does Blockchain Technology Process Information?

Step 1: The information enters the blockchain. The data could be the details of a financial transaction. Or something else altogether, such as the details of a contract.

Step 2: The information, together with a unique, encrypted digital signature, goes through the network of nodes in the blockchain for verification.

Step 3: Each node carries out a series of complex mathematical calculations to validate transactions based and achieve the distributed consensus. This algorithm is known as proof of work, or proof of stake.

Step 4: If a majority of nodes agree that the information is correct, it gets verified. The validation leaves a permanent record on the blockchain.

What are the Advantages of Blockchain Technology for Small Business?

Blockchain technology has many advantages. These include:

It’s cheaper than traditional technology. Simply because it uses a vast, decentralised system of nodes, so there’s no need for go-betweens

It’s safe. The information has a time-stamp, so tampering is extremely difficult. What’s more, there’s a copy on every node in the chain. So, if a node leaves or runs into issues, this won’t affect the database

It’s simple and saves time. The blockchain acts as a single, shared database that’s always updated. If you’re on a blockchain network, there’s no need to create and maintain your own database

It’s transparent. Everyone on the network can see what’s on the blockchain (as long as they have access through a secure key). Consequently, there is no room for disagreements or arguments.

How Can Blockchain Technology Help My Small Business?

While we usually associate blockchain technology with cryptocurrencies, you can use it with any type of digital data. The possibilities are endless.

Here are just four ways you could use blockchain technology to help your small business run more smoothly:

Smart Contracts

Blockchain-based apps like SmartContract or BlockCat can monitor, execute and enforce legal agreements. Let’s say you’re a writer. You agree to deliver an article on the 28th of the month. A smart contract app can check whether you’ve delivered the work. Once it confirms delivery, you immediately receive your fee — no need to chase for payment.

Tracking Shipments

Is your small business involved in shipping or logistics? Use a blockchain app like Modum to keep track of deliveries in real time. Without getting bogged down in paperwork.

Cloud Storage

Blockchain-based cloud storage apps like Sia and Stori allow users to rent out hard-drive space from each other. At the same time, the platform keeps everything encrypted and allows access to the data only if you have a special key.

Payments

Blockchain-based apps such as CoinPip can handle international payments, including payroll, in several different currencies almost instantly. And because there’s no need for financial intermediaries, fees are a fraction of what you’d pay a traditional bank.

Tips on Getting Started with Blockchain Technology

So you’re sold on the benefits of blockchain technology. But how do you start using it in your small business? Well, here are a few tips:

First things first, study up as much as possible. While the blockchain has a ton of potential, there are also pitfalls you need to be aware of. Thus, it’s best to get up to speed before you dive in.

Blockchain for Dummies–which you can download as a pdf for free–and The Business Blockchain book are great places to start

Understand the why. As with any new tech, incorporating blockchain technology into your business will involve a learning curve. Before you invest the time, make sure you’re doing it for the right reasons. Typically, this means a blockchain-based app is going to save you time, money or otherwise make your life easier in the future

Start small. Pick one app and get accustomed to it instead of going all in. Working with one app will give you time to adapt instead of having to cope with a slew of changes at once

Choose wisely. The blockchain is a huge deal right now. Which means hundreds of developers are launching apps to try and ride the wave, even though they might not be mature enough as yet. We suggest proceeding with caution. Look up reviews online and, wherever possible, take the app out for a spin before you commit

 

How to be a truly Global Businessman

by with No Comment Business

What does it mean to take your business to a global level? Does it entail speaking foreign languages? Does it mean a business expansion across foreign lands? Starting an international chain? Or simply playing it smart in the commercial world? Globalisation today has revolutionised traditional leadership development in the business world. Understanding the language spoken by your customers and target audience, including understanding the business etiquettes and cultural nuances in their country are just a few basics, in order to prepare Indian business owners today for the various demands of the global marketplace. A successful business today requires global leaders. You can’t just act global, you have to truly be global in your approach and vision.

Why the need to be global?

We read and hear so much banter on thinking globally and acting like a global citizen. Marketing and advertising companies, company slogans and commercials seem to be displaying such messages everywhere around us, but what do they actually mean for a local business? Well, for most companies it is a PR-oriented message that makes the managing partners come across as “in sync” with other cultures and corporate ethics worldwide. However, this is what they are really saying:

You need to think of your market as the map of the globe. If you are looking to sell a shoe design and are looking for an ideal market where you can find success, don’t just research your back yard, but research the demographics and the characteristics of people in the other part of the world too. How do you know that your product has more of a market in your home town than in South Korea or Australia? You don’t. There is a reason why your morning cappuccino from Starbucks tastes the same whether you are sipping it in Tokyo, New York, Bangkok or Buenos Aires.

Learning to become an International Businessman is no longer an option. It is now an essential skill for one’s survival and the sky is the limit. The range of countries and systems involved in production today demonstrates that business in most industries (be it automotive, electronics, food or even pharmaceutical) has become inescapably linked across borders. And hence, the foremost soft skill to be picked up by international business people is the art of being global. So how do you do it?

Respecting cross-cultural differences

Respectful and culturally appropriate behaviour is essential when doing business overseas because what’s customary in one country may be considered rude in another. It is important to be au courant in an international business setting and follow certain etiquettes so as to avoid any embarrassing mishaps that could potentially ruin your business relationships! For example, did you know that in France it is extremely common for a man to greet a lady with a quick kiss on the cheek, even in a business setting, while in China and India that sort of contact with business associates is clearly scandalous. Many European women will in fact stick their hand out if they prefer a handshake; however, this could seem intimidating to people from North America and the United Kingdom.

Every country has its nuances. For instance, standing very close and using physical contact during conversations is extremely common in Brazil. With regard to food, they also consider it disrespectful to use their hands instead of cutlery – even if it’s a sandwich or a pizza! In New Zealand and around Australia, punctuality is of the highest importance. They also like keeping their conversation to a minimum during meals and also believe that dinners are strictly reserved for social interactions and that business matters should only be discussed over lunch.

In countries like China, Japan, India and other Asian countries, there are certain unwritten customs to be followed. You are expected to let your business affiliates leave the meeting room first, if not the senior most members. Avoid saying “no” during business discussions since it is considered rude. On the other hand, terms such as “we’ll see”, “I will try” or “possibly” are often used so as not to hurt other people. Such responses in western countries will make business owners look indecisive and untrustworthy.

“Good manners” is something that varies greatly from country to country. And whether or not you take the time to familiarise yourself with the local social customs, you may appear rude and naïve, and even run the risk of offending those you’re doing business with! For example, it is recommended to remove your footwear outside any premises, or try not to finish your meal until the very last morsel. So learning the cultural norms from different countries, especially your partners who you might already be working with, will ensure that you’re polite and professional wherever your travels take you.

Build your brand value

Brand awareness is always a matter of concern, be it in business or between individuals. Individuals everywhere want to be noticed both socially as well as professionally. Increase your social media presence, develop your website and invest in a good SEO or digital marketing package.

“The first rule of thumb is to start thinking globally early,” says Allen Adamson, Managing Director of the marketing firm Landor and author of BrandSimple. Studying global markets and assessing your brand in relation to your competition is mandatory. Who’s out there? Who’s winning? Who’s losing? The more you’re familiar with the country’s local demographics, the easier it will be to determine your market and promote your brand.

Be a real global leader

According to the Harvard Business Review, today’s greatest business opportunities, as well as the greatest challenges we face, are global in nature and therefore demand leaders who think globally and have a hawk’s eye vision. While the old mantra “think global, act local” is woefully inadequate to describe the complex realities global leaders are facing, true global leaders act as bridge builders, connectors of resources and talent across cultural and political boundaries — relentlessly dedicated to finding new ways of creating value. Such leaders possess a global mindset and are able to interpret and decode situations from multiple perspectives. They have an insatiable interest to learn about other cultures and care enough to understand other people’s perspectives, while being knowledgeable about economic and political issues around the world.

Concluding statement

Globalisation today is headed toward being a newfangled culture, rather than just a revolutionary change in society. Technological advances have made the world smaller and more accessible. Now even small businesses can trade in a global marketplace with the help of the Internet, virtual conferencing and social media. But as the doors open to international trade, challenges enter the playing field along with the opportunities. By being aware of the intricacies of doing business globally, you can avoid seemingly insignificant pitfalls and realise the potential of an expanded market.

Blog contributed by: Alifya T. 

9 Basic Principles of Partnership for Businesses according to Shariat Mohammediyah

by with No Comment Partnership

 

In view of the wishes of al-Dai-Ajal Syedna Aali Qadr Mufaddal Saifuddin TUS Mumineen are urged to amend their existing partnership deeds or draft new partnership deeds that adhere to laws and guide Mumineen, al-Tijaraat al-Raabehah has prepared a document to help Mumineen ensure that their partnership deeds are compliant with Shariat.