Mar 192014
 

The Differences Between Successful People and Unsuccessful People
What is success? Is it wealth? Is it good health or satisfaction or happiness? As a result of the thoughts and views of many experts and philosophers, the word ‘success’ has received innumerable definitions. According to Earl Nightingale, “Success is the progressive realization of a worthy goal.” It means that success is not the ultimate goal of a person but it is just a path through which we can achieve several goals in our life.

Below are the 16 differences between successful people and unsuccessful people that Andy Bailey and the postcard claim, followed by a picture of the postcard itself:



1. Embrace change vs. Fear change

Embracing change is one of the hardest things a person can do. With the world moving so fast and constantly changing, and technology accelerating faster than ever, we need to embrace what’s coming and adapt, rather than fear it, deny it or hide from it.

2. Want others to succeed vs. Secretly hope others fail

When you’re in an organization with a group of people, in order to be successful, you all have to be successful. We need to want to see our co-workers succeed and grow. If you wish for their demise, why even work with them at all?

3. Exude joy vs. Exude anger

In business and in life, it’s always better to be happy and exude that joy to others. It becomes contagious and encourages other to exude their joy as well. When people are happier they tend to be more focused and successful. If a person exudes anger, it puts everyone around them in a horrible, unmotivated mood and little success comes from it.

4. Accept responsibly for your failures vs. Blame others for your failures

Where there are ups, there are most always downs. Being a leader and successful businessperson means always having to accept responsibility for your failures. Blaming others solves nothing; it just puts other people down and absolutely no good comes from it.

5. Talk about ideas vs. Talk about people

What did we all learn in high school? Gossip gets you nowhere. Much of the time it’s false and most of the time it’s negative. Instead of gossiping about people, successful people talk about ideas. Sharing ideas with others will only make them better.

6. Share data & info vs. Hoard data & info

As we all learned in kindergarten, sharing is caring. In social media, in business and in life, sharing is important to be successful. When you share you info and data with others, you can get others involved in what you are doing to achieve success. Hoarding data and info is selfish and short-sighted.

7. Give people all the credit for their victories vs. Take all the credit from others

Teamwork is a key to success. When working with others, don’t take credit from their ideas. Letting others have their own victories and moments to shine motivates them and in the long term, the better they perform, the better you’ll look anyway.

8. Set goals and life plans vs. Do not set goals

You can’t possibly be successful without knowing where you’re going in life. A life vision board, 10 year plan, 3 year forecast, annual strategic plan, and daily goal lists are are useful tools of the mega-successful people in your life. Get your vision and goals down on paper!

9. Keep a journal vs. Say you keep a journal but don’t

Keeping a journal is a great way to jot down quick ideas or thoughts that come to mind that are not worth forgetting. Writing them down can lead to something even greater. You can even use mobile apps or your Notes function in your phone. But don’t fool yourself by saying you keep a journal and not following through.

10. Read every day vs. Watch TV every day

Reading every day educates you on new subjects. Whether you are reading a blog, your favorite magazine or a good book, you can learn and become more knowledgeable as you read. Watching television, on the other hand, may be good entertainment or an escape, but you’ll rarely get anything out of TV to help you become more successful.

11. Operate from a transformational perspective vs. Operate from a transactional perspective

Transformational leaders go above and beyond to reach success on another level. They focus on team building, motivation and collaboration across organizations. They’re always looking ahead to see how they can transform themselves and others, instead of looking to just make a sale or generate more revenue or get something out of the way.

12. Continuously learn vs. Fly by the seat of your pants

Continuously learning and improving is the only way to grow. You can be a step above your competition and become more flexible because you know more. If you just fly by the seat of your pants, you could be passing up opportunities that prevent you from learning (and growing!)

13. Compliment other vs. Criticize Others

Complimenting someone is always a great way to show someone you care. A compliment gives a natural boost of energy to someone, and is an act of kindness that makes you feel better as well. Criticizing produces negativity and leads to nothing good.

14. Forgive others vs. Hold a grudge

Everybody makes mistakes; it’s human. The only way to get past the mistake is to forgive and move on. Dwelling on anger only makes things worse – for you.

15. Keep a “To-Be” list vs. Don’t know what you want to be

A “To-Be” list is a great way to strategize for the future. I want to be an elected official one day. I want to be a TED speaker. I want to be the CEO of a public company. I want to be a great father and husband. Unsuccessful people have no idea what they want to be. If you don’t know what you want to be, how can you achieve success? What do you want to be?

16. Have Gratitude vs Don’t appreciate others and the world around you.

Moments of gratitude, each and every one, transform my life each day- and unquestionably have made me more successful and more happy. The people who you are grateful for are often the ones who have a huge part in your success. Be sure to thank everyone you come in contact with and walk with a spirit of gratitude and appreciation and even wonder, about the world around you. Gratitude is the ultimate key to being successful in business and in life.success vs failureNow it’s your turn. Which of these 16 items resonate most with you? What makes you successful in today’s business world or in life? Please let me know your thoughts in the Comments section below!

Reference: Linkedin.com

 

 Posted by at 11:09 pm
Mar 192014
 

A budget may be defined as a financial plan which serves as the basis for decision making and center of expenditure and revenue for a specific period of time, normally, a year – a fiscal year (in case of a government). Hence, budget is the statement of financial plan of a government. It indicates the revenue and expenditure of the last completed financial year, the probable revenue and expenditure estimates for the current year, i.e., not completed and the estimates of the anticipated revenue and proposed expenditure for the next financial year.


From the estimates of revenue and expenditures, one can judge the type of activities which the government undertakes and the methods of financing these activities. It also points out the way in which the financial resources in the economy are being directed by the government.
Every country’s financial minister presents the financial statement of expenditure and revenue in terms of budget in the parliament before starting the fiscal year. The government budget contains the following components:

  1. Review of current fiscal year and estimation of the coming fiscal year: The budget is prepared for the coming year. It is prepared in the end of the previous fiscal year. The budget is presented either presented in the parliament or other places where the ministry of finance fixes. The overview of the economic progress of the country during the current fiscal year is presented before the budget of coming year. It is discussed about the achievement, weaknesses and problems, which appeared in the economy. It includes revenue mobilization, expenditure, price situation, foreign exchange, foreign trade, economic growth, inflation, foreign assistance and challenges of the economy.
  2. Objectives, strategies and policy: Budget is the form of the fiscal and monetary policy of the government. Hence, it includes objectives, strategies and policies. The objectives of the budget may be price stability, high economic growth rate, poverty alleviation, increased employment opportunities, optimum mobilization of resources etc. It has also determined the targets of the objectives. Specific strategies and policies are also set of in the budget for achieving the targeted goals. Poverty alleviation has been set of the main objective in the tenth plan and it has fixed the target to reduce poverty from 38% to 30% in the end of the tenth plan.
  3. Estimation of revenue and expenditure: Government estimates expenditure for a particular time period in the budget. The expenditure is divided into development and regular expenditure. To bring into operation and achieving the targeted programs, the government needs revenue. The government also presents sources of revenues in the budget. The sources of government are tax revenues, non-tax revenues, debt assistance, foreign subsidies etc. Hence, sources of revenue and expenditure are presented in the budget.
  4. Mobilization of deficit finances: Most of the developing countries mobilize deficit finances because their sources of revenues are less than their expenditure areas. It means, the expenditure is more than the sources of revenue. Preparing deficit budget is compulsory for these countries. Deficit budget is fulfilled from internal and external debts. Sometimes, government fulfills the gap of deficit budget by issuing more notes or increasing cash stock. The government should present the amount of debt, which the government is going to borrow from internal and external sources.