Saturday, July 23, 2016

Why Enterprise Asset Management is Vital for Any Company

In any business organization, enterprise asset management is vital in achieving a greater return on assets. This primarily involves curbing operating costs, maximizing results on periodic asset maintenance, and effective management of capital. In any industry, the employees also need to recognize the importance of asset management, and have the knowledge on a variety of asset maximizing responsibilities.

Asset Management Elucidated

Essentially, asset management in any enterprise involves the effective administration of its physical assets, for the purpose of increasing profits and minimizing downtime expenses. The scope of this administrative function includes activities such as construction of facilities and fixtures, plant and office building design and engineering, production operations, and finally the maintenance of equipments and the replacement of the necessary parts.

As an example, physical assets would encompass machines like computers and printers as well as furniture like desks, chairs, and filing cabinets. Transport systems are also included, as well as cable and plant machineries, in the case of bigger industries. Of course fixed assets would differ depending on the type of industry the organization is engaged in, such as food production, textile, corporate services, or healthcare.

Thus, from the procurement of supplies and tools, operation of machines for production, to the maintenance of facilities, all these should be handled with asset value maximization in mind.

The modern approach to asset management by organizations and entrepreneurs has shifted from the traditional type, which had merely involved short term planning. Today, any organization is taking an active role in ensuring that its asset expenditures and utilities are geared towards achieving longer-term returns. Moreover, assetmanagement is very crucial for enterprises that maintain units across various locations or those that utilize fixed assets in different departments within one unit.

Why this type of management is essential

Effective asset management commands importance in the same manner that physical assets play very important roles in the day-to-day operations of any industry. The purchase and the ownership of fixed assets, while very important in any business, require excellent management and maintenance skills. Entrepreneurs for instance, should have a system wherein the cost of owning equipment or expensive machinery is minimized at all times. Poor performance, downtimes, and repairs all add up to the cost of these fixed assets over time.

Machine repairs and equipment maintenance are indeed important for any industry; however these should be effectively carried out so as not to hamper the daily operations of the industry, such as the production processes. Furthermore, whenever equipment or system downtimes happen, this subsequently affects the expenses of the company. Planning and management of assets, costs, and maintenance should all be done to increase the life cycle of the assets and for the business to perform more effectively even in the face of rigid competition.

The Essential Tools in Assets Management

These days, EAM tools are available for complex organizations and industries. These tools provide the best solutions in work and asset management and even asset information management. These are all geared towards helping businesses maintain their plants, maximize equipment value, effectively manage information for sales, and coordinate with production and maintenance personnel for improved quality and competence.

Successful enterprise asset management is certainly a requirement for any industry, especially in today’s rapidly globalizing and extremely competitive business settings. Through this, industry managers, business owners, and company top-level executives will be able to optimize and organize the daily operations of the business for effective performance and profitability.

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Sunday, July 17, 2016

The Mind Set Of Success - In The Beginning, There Was A Thought

Thoughts are the starting point to all that we do, both good and bad, either success or failure. People underestimate the power of thought. Thoughts are things. They are energy. Every thought leaves its trace upon our minds.

What we let into our minds and hold onto governs what our circumstances and our actions are.

Each individual has the seeds of success within him. The seeds of success are the thoughts that they carry around with them. We are all the product of our own thinking and beliefs.

"Every thought seed sown or allowed to fall into the mind, and take root there, produces its own, blossoming sooner or later into act, and bearing its own fruitage of opportunity and circumstances."

James Allen – “As a Man Thinketh”

Sustained mind control is one of the most difficult endeavors one may undertake but it is also one of the most rewarding.

Create and control your thoughts and you can become what you want to become. A person can live the way they want to live when they learn to think what they want to think.

You are what you think about most of the time. A person who is seeking success and a higher life, strives to keep their mind on the positive and the constructive. We gradually grow into what we are holding in our minds.

“We are what we think. All that we are arises with our thoughts. And with our thoughts, we make our world.


If you want to make positive changes in your life, you need to begin with what is in your mind. Our thoughts are the tools with which we build our lives.

The key is to keep your mind on the big picture and the goals leading to it. Think only of what you want, not on what you don’t want.

Replace negative thinking, unproductive worrying, and thoughts of fear with positive, imaginative, and constructive thinking.

“Your life is controlled by your thoughts. Your thoughts are controlled by your goals.”

Earl Nightingale

A great way to keep your mind on what you want is to carry a goal card with you. The goal card lists the top goals you are working on. Just thinking of your goal, particularly, the end result, keeps your mind productive and under your control.

Keeping your mind busy with productive matters will prevent negative thoughts from creeping in.

“If you fail to control your own mind, you may be sure you will control nothing else.”

Napoleon Hill“

Mind control is a result of self-discipline and habit. You either control your mind or it controls you.”

Napoleon Hill
A controlled, focused mind pays attention to thoughts, words, actions, and plans. A person who lets their mind wander aimlessly around will never achieve lasting success.

Hold your ideal in your mind until it becomes a mental habit. Focus on it to the exclusion of all other things until it becomes a reality.

Slowly but surely, sustained positive thinking creates an irresistible momentum. People begin to notice a change in you. More opportunities come your way. You feel more confident. Gradually your outer environment begins to grow in the likeness of your inner environment.

The Nasty Ten: 10 Ways To Disrupt Your Success | Dawkins Brown FCCA,CA,ACFE | Pulse | LinkedIn

For some people who are failing to become successful, they are their own enemies.

From time to time, we are all guilty of behaviors that hinder our own success. If you commit the following blunders, you will be undermining your own success.

1. Forget your goals and visions, or not having them at all. What do you want to achieve in your business, in the short and long term? What do you visualize enjoying after you have achieved these goals - financial security, better life styles, a new home or car, a holiday? Set specific goals and the activities you will need to undertake in order to achieve these goals. If you do not set down specific goals, or if you forget about them during your journey towardssuccess, then you are sabotaging your success.

2. Lose confidence in yourself. You have the goals, but most importantly you will need the confidence that you can do it!

3. Lack of knowledge or stop learning. You do not need to physically go back to college to learn. There are now various channels through which you can learn. Often, what you need to succeed personally or financially is not learnt in a university degree! Search for personal and financial development training programs, and equip yourself with the knowledge and tools you will need to become successful. Successful people never stop learning; in fact they tend to have an insatiable desire for knowledge. Search the internet, find the best learning programs, read books - just learn, learn and learn. Invest a little in educating yourself as this will help you achieve your goals.

4. Think that you can become successful without any investment. This is a common reason why people fail to become successful. Everyone wants something for nothing! Well, if it is something that will make you a millionaire, then you must be prepared to investment some money and effort into it. No genuine long term business can thrive without initial capital outlay and consistent investment, whether they are an on- or off-line business. There are some genuine businesses which you can start and run with minimal capital outlay, but they do still need some money to grow them. Being cheap is not recommended, and it will not get you anywhere near your goals of becoming wealthy and successful.

5. Fear of failure. This is the toxic failing that keeps a lot of people away from their dreams of becoming successful. I like the quote which says "Defeat is not the worst of failures. Not to have tried is the true failure". If you face a temporary setback on your quest towards success; learn from it, pick yourself up and soldier on towards your dreams. "Develop success from failures. Discouragement and failure are two of the surest stepping stones tosuccess".

6. Procrastination. Yet another nasty one! Taking action TODAY is the foundational key to all success. By procrastinating, you are missing chances to be the best you can be; to make money, and to be successful. Get rid of all the bad habits that waste your time, break down your tasks to small manageable bits, visualize the end result of your project - do all that you can to fight this deadly habit that can keep you away from your goals.

7. Lack of focus. You can have clearly laid out goals on the success you want to achieve, but if you do not have focus, you will soon sabotage your success. There are a lot of 'business opportunities' that will arrive in your inbox daily - most of which are scams, no matter how genuine and promising they sound. When you are starting your online business, you can also easily become overloaded with information. Well, in some cases the information overload can simply stop you from taking any action! The trick is to be focused. Have a list of your things to do everyday. Everyday, do something towards building your business.

8. Be easily discouraged. This is a common one. Your family or friends may not believe that you will succeed. Do not let this discourage you. It is recommended that you have a good network of positive people who can support and encourage you as you work towards your success. People will say discouraging words, discouraging things will happen around you; but it is only you who can let that get to your mind and affect you.

9. Dislike constant change. In order to be successful, you must be constantly improving yourself, your business, and your products. If have an online business - this is even more important since the internet is very dynamic. Stay on top of recent developments and be constantly learning new ways of running and growing your business.

10. Lack of dedication. This is the vital one. If you want something badly enough, it will be yours. A lot of people fail because they do not have the necessary desire to become successful.

In conclusion, I will share with you these quotes on success: "Success isn't a result of spontaneous combustion. You must set yourself on fire". "What is success? I think it is a mixture of having a flair for the thing that you are doing; knowing that it is not enough, that you have got to have hard work and a certain sense of purpose". "A successful man is one who can lay a firm foundation with the bricks others have thrown at him". "Flaming enthusiasm, backed up by horse sense and persistence, is the quality that most frequently makes for success".

Go get it, and be successful!

Tuesday, July 12, 2016

Places in Jamaica:Dunn's River Falls | Dawkins Brown FCCA,CA,ACFE | Pulse | LinkedIn

Places in Jamaica:Dunn's River Falls | Dawkins Brown FCCA,CA,ACFE | Pulse | LinkedIn: "Dunn’s River Falls is a truly outstanding treasure offering 600 feet of climbing pleasure for thousands of visitors and locals every year. It is safe to say that Dunn's River Falls is only one of its kind. It is depicted as an emergent place to experience. The falls constantly rejuvenates itself from pieces of travertine rock. This causes precipitation which in turn brings about calcium carbonate from the river, as it streams over the falls. The miniature dome-shaped waterfalls are generally connected to hot spring movement found in the limestone caves. This, combined with where the fall is located, gives Dunn's River the diversity of being the only one of its kind in the Caribbean.

The Arawak name “Xayamaca” means land of rivers and springs. The area was called “Las Chorreras” by The Spaniards which means the waterfalls and springs. Therefore from that time up to now Dunn’s River Falls is said to be without a doubt one of the most attractive spots on the island. The name “Las Chorreras” has degenerated over the years to Ocho Rios which means eight rivers, although there are in fact only four rivers in the region. These are Cave River, Roaring River, Turtle River and of course Dunn’s River. These “Chorreras” are a never ending flow and rapid fall, as well as swift cascading of waterfalls which dispense directly into the Caribbean Sea. Any trip to Ocho Rios must include a visit to this gorgeous feat of nature, so if you're making a trip to Jamaica, whether it's a timeshare vacation or just a one-time trip, you'll have to stop by Dunn's River Falls."

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Activities and Practices That Improve the Strength and Performance of a Group

Building your team’s performance and strengths is vital to how well your projects get completed, the cohesiveness of the group and the trust each one has in the others. There are several activities and procedures you can use to help your team improve the group’s strength. These exercises range from games and challenges involving complex and simple tasks to social activities to encourage team members to build friendly relationships with co-workers.

Team building activities and practices are designed to help individuals discover how they approach problems and how the team works together. It helps the group discover better methods of communication.

Sports groups have long known that members working together through daily practice, exercise activities and bonding activities improve not only performance of individual players but the strength and performance of the sports group as well.

Many of the same principles can be used in business team building.

There are many different types of team building exercises you can implement.

* Communication exercises are designed to help your team build better communication. These are usually a form of problem solving activities that have members communicating effectively with one another to solve the problem.

* Problem solving/decision making exercises focus on your group working together to solve a difficult problem or make complex decisions. These are very common types of team strength building exercises since it directly links to what an employer wants from their team.

* Planning and adaptability exercises focus on setting up a plan and being able to adapt when change is needed.

* Trust exercises involve getting team members engaged in ways that encourages them to trust each other. These are more difficult to implement since there can be varying degrees of trust among individuals and others in general but the trust built is well worth it.

* Action learning is a combination of taking action and reflection by the team. They are asked to solve complex, yet strategic problems in a real-world business setting whether that is structural, managerial, logistic, or any other organization setting. The group applies all their existing knowledge and skills. They learn new skills, knowledge and gain insights by continuing to reflect on and question the problem, the groups’ behavior and the subsequent results.

* Action research is the strategy where your team performs research in the field to examine a specific question. This is specifically for team members who don’t know what they don’t know. They are collecting data that could alter the original question, while learning unexpected procedures and principles. This type of exercise requires them to be open-minded and objective.

* Appreciative Inquiry team building exercise is the alternative to a traditional type of problem solving. It emphasizes the participants focus on the positive aspects of a situation instead what is wrong. This exercise encourages members to share their positive experiences with one another. Team members are asked to create and share images of what their preferred future of the team looks like and brainstorm ways to create that vision.

* Assessment-based learning activities involve team participants taking and completing a test, rating scale or a questionnaire. They receive a score and feedback on each individual’s attitudes, personality traits and personal abilities. The responses may then be combined with others in the team to identify the opinions or characteristics of the group.

* Consensus decision making activities usually involve a list of 10 items that participants arrange in order of priority individually and then as a team consensus. The list is then compared to the experts ranking list. This activity helps team members build their strength of decision making and reaching an agreement as a team.

* Corporate Adventure Learning activities involve a challenging physical activity either indoors or outdoors. Activities such as sailing, rafting, rappelling, rock climbing, exploring wilderness areas, or walking on rope bridges have been used in the past. Participants learn trust, values and skills from these experiences.

* Other types of activities include audio games, board games, card games, computer games and many others all designed to help teams work together in decision making and building trust.

There are many activities and practices that you can employ to improve the strength and performance of a group.  Group trust, cohesive work skills and decision making aptitude begins with individual team members performing activities and exercises that build these skills.

How To Empower Your Team Members To Discover and Develop Their Strengths & Feel More Confident

Maybe you’ve seen them; the one employee who is doing extremely well in their job. Are they ready to take on more responsibility? Perhaps they are. Or maybe they are very close but need help discovering and developing their strengths so they become more confident. The latter is where you come in as the team leader.

You will most likely be the one to encourage them to build their strengths and gain more confidence in themselves. By helping your team members grow within the company you are empowering them to take on more responsibility and to make better decisions.

How do you empower them?

Begin by helping them learn and develop their skills. If they feel like their skills are being under-utilized, they may begin to doubt their abilities. Help them improve their abilities and learn new skills so they can play a strong role when contributing to projects. Give them access to courses and training. Allow them time to study a project they are passionate about.

Next delegate specific tasks step-by-step that helps them grow in areas they are interested in pursuing. Don’t leave them to their own devices in unfamiliar territory. Stick close by them until you see they no longer need your guidance. Gradually give them more responsibilities.

Continue empowering your team members’ confidence by being supportive of them. Build a strong foundation by connecting one-on-one with individuals. Really listen to their concerns and show them how much they are already contributing.

As the team leader you will have influence over who does what projects. Use this to help build someone’s confidence, giving them work they are good at and will be interested in. Their confidence and motivation will bloom when they have a chance to use their skills.

Let them know what your expectations are from the beginning. They need to know what the end goal is for a project for them to feel truly empowered. Be sure to clearly share what the short-term and long-term plans are for the company and for each project they are asked to do.

Give objective feedback regularly. Let your team members know how they are doing and what they can do to improve.

Create an environment that encourages your team members to grow and learn new skills.

Provide your team with all the information they need for any project you ask them to do that they normally don’t do.

Give your advice when it’s needed or asked for. Be available for your team members by making it easy for them to ask questions or get your feedback on something. Always let them know you are happy to answer their questions.

As a successful team leader you need to learn how to empower your team members to discover and develop their strengths and feel more confident in their abilities on the job. Help them make confident decisions, learn new skills and take on new projects with confidence.