Saturday, September 16, 2023

Why is it important to trust each other?

 

We lose more by having the habit of not trusting until we have a reason than by choosing to trust first before a reason not to trust any more shows up.

Choosing the latter, yes, would lead to unpleasant consequences when those you trust for no reason disappoints. But at least, it would leave the doors to the heart on both ends open, until the heart finds someone trustworthy enough to keep.


On the contrary, choosing not trust at all until you have a reason to trust is sure going to make you suspicious of everyone you meet at the first time. 

The suspicion could also, lay the foundation to stereotype those who don’t fit into the culture of those you call, “mind”.

Suspicion and stereotyping have caused a lot of people to lose opportunities to make great friends and find great team mates to complete them and help them realize their dreams. 

It’s not easy for people with difficult-to-trust attitude to change and move in the opposite direction. Making the transition takes time.

This period of transition would have been saved and great relationships built if one had a trusting attitude. 


Thursday, September 14, 2023

“Nothing is worth more than laughter.- Frida Kahlo.


“Nothing is worth more than laughter. It is strength to laugh and to abandon oneself, to be light.”– Frida Kahlo.


Laughter is the best medicine some claim. Is this true?


Does laughter improve your health?


Yes it does. Humor is the strength that lightens the burdens we all carry. How does laughter give us this strength?


It helps us to release anger, gives us the ability to forgive quickly and the reward is, the reduction of pains that in turn, protects us from the destructiveness of stress.


It’s almost practically impossible to go through the daily grind of life without facing life’s problems. At every turn and twist, we meet problems in our careers and relationships. These problems affect both our emotional and physical health.


Most of us, forget to use the strength that laughter offers us to overcome these problems, grow our careers, strengthen relationships and improve our health. 


Experts claim a good hearty laugh relieves physical tension and stress and leaves the muscles relaxed for up to 45 minutes after.






How does laughter do this?


Experts say that laughter increase infection-fighting antibodies and improve hormones which erect resistant walls against disease invasion. 

Laughter does more. Laughter opens the door and releases endorphins, the body’s natural feel-good chemicals, which relieve pain temporarily and improve the total sense of well-being. 


So, laughter improves your mental health and it improves your relationships with others. It improves your mood and makes your attractive to others. If laughter eases tension, gives you joy, makes you feel good and attracts great people to you, why don’t you learn to laugh more?



Laugh more and be filled with the illuminating ability to light up your path and the path of others. Problems will never end, as long as you are alive, but laughter can give you the strength to laugh at your problems and have a great happy life.



Wednesday, September 6, 2023

Going through rough times or having rough times? What is the difference?

Monday, September 4, 2023

Life is just a tire swing” – Jimmy Buffett

 


Life is a tire swing,

while you are here,

expect to be down this moment,

backward the next, just hang in there,

because the tire is going to swing you up

and bring you back down.


No point is fixed, no destination is owned,

while the foolish traveller lives for tomorrow,

the wise traveller makes the best of every moment.

Wednesday, August 30, 2023

Don’t wait, the time will never be just right. Napoleon Hill.

 

Don't wait, 

tomorrow may be too late.


Set forth now,

now is always the right time and,


Now is just the best time and where you are is the best place, to dance with that idea.


There's no better way to know if it would work than putting it into action.


If it works, celebrate.

If it doesn't , learn some valuable lessons and try again;


Those who take quantum leaps first master  baby steps.


And baby steps lead to a well-balanced life.










Tuesday, August 29, 2023

What is a well-balanced person? How can you become a well-balanced person?

A well-balance person is not enslaved by emotional problems.


Good and bad things happen to them as they happen to everyone else.


When they receive good things from life, they enjoy them without being carried away by the ephemerality of their values.


When life gives them the raw deal, they accept it as one of life’s mysteries which don’t subtract from the real substance of life.


And what’s life real substance?


Life’s real substance is rooted in the knowledge that happiness is within and its value can’t be decreased or increased by nothing else, except by you, the owner of your self.    


Thomas Merton captured happiness perfectly when he said,


"Happiness is not a matter of intensity but of balance and order and rhythm and harmony."


Monday, August 28, 2023

What is optimizing product mix?

 People set up businesses to make profits. 

Often, profits are outcomes of judicious allocations of scarce resources to competing products and services.

It’s not always easy to make profits when a business has competing products, screaming for scarce resources. A business in such a situation has to use a reliable formula to ensure survival, continuity and growth. The most reliable formula is the one that helps the business to take appropriate optimal product mix decision.


What is optimal product mix decision?


Optimal product mix decision is following the process that helps a business to identify the appropriate product mix that maximizes total contributions to the business by the available limited resources.


The application of optimal product mix approach is determined by the nature of the constraints (scarce resources).


What are the basic constraints?


They are basically two:


1. Single constraint and,

2. Multiple constraints.


(A) A single constraint or a key limiting factor situation arises when, a resource is limited is the midst of other factors are adequately available and, are maximally contributing to the profitability of the product mix.


When this happens, the contribution margin per key limiting factor approach is used.


And the following steps are taken to reach the optimal product mix decision;


1. The appropriate identification of the key limiting factor among other factors by comparing the budgeted resources and units to available resources and units,

2. The calculation of cost per unit, contribution per unit and savings made by producing each product,

3. The division of the contribution or savings per unit by the key limiting factor per unit,

4. Ranking the results of the division in (3) above in descending order,

5. Diving the budgeted sales by corresponding selling prices to identify the maximum units required by each product line,

6. Identification of management priorities before,

7. Preparing an allocation template, allocating identified key factor among competing product lines and identifying the optimal product mix.  


(B) Multiple constraints situation arises where the supply of two or more resources of a business is limited. The linear programming technique is often applied to remedy this situation.


 The appropriate approach to use in a multiple constraints situation is to find out the factors that make it difficult to meet maximum demand.


After the identification of maximum sales demand for a business’s products, earning abilities of all limiting factors should be ranked (based on their contributions- the excess of selling price per unit over variable cost per unit) and the contribution that meets the sales demand unit is the maximizing.


In a situation where a business’s limiting factor on sales or production is not a scarce resource, the business would have to make available more than the level determined by contribution per unit of limiting factor ranking. 


The optimal product mix must however, recognize minimum production requirements.


A business may have a situation of non- scarce resource limiting factor when it has to do all it could to maintain goodwill (incidentally a crucial intangible asset), maintain market share of some of its products and meet contractual agreements.


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