Project Management Certificate Course

Millennium School of Business, Bangalore has launched Project Management Certificate Course in their Bangalore Campus.

The PMP programme is offered as online / offline mode

PMP Certificate Course / Project Management Course helps to establish a project roadmap by distributing estimated effort across the duration of project cycle. Project Management Program, that helps in developing a plan, assigning resources to tasks, tracking progress, managing the budget, and analysing workloads.

The Project Management Professional [PMP] is a globally recognized certification for Project Managers. This certification is provided by Project Management Institute [PMI]. The PMP certification increases the earning potential of the candidate. PMP certification holders earn more than their non-certified peers. It also increases mobility across industries and geographies since it is recognized in most industries and countries across the globe.

The study strategy is based on a complete hands-on Workbook based approach. This increases comprehension and retention of key elements, while also providing students with practical information that can be applied immediately to the project work environment.

TO ENROLL FOR THE PROGRAM VISIT THE BELOW LINK

http://www.msob.edu.in/project-management.aspx

Importance of MBA | www.msob.edu.in

Importance  of MBA Education

An MBA, or a Master of Business Administration, is a very hot topic nowadays. Is this just a trend or is there real value in pursuing such a study programme?

It is expensive and demanding and it has high entry requirements, so why should you opt for an MBA?

We will try to make that clear and list the advantages of an MBA, especially when it is a top business school with a very good reputation. So, here are the top 5 reasons for which it is worth it to start studying a master in business administration.

Higher Salary

The average salary for an MBA graduate is considerably higher than that of an employee with a regular master qualification. For MBA graduates the average salary ranges from 2.5 Lacs to 6.00 Lacs in finance. That is almost twice as much of what you can expect to earn with a regular University degree. In this case, in 2 years, you cover the investment made in your MBA education which is estimated to cost, for a 2 year MBA at a top business university is Rs. 3.5 Lacs on an Average

Career opportunities

This advantage of an MBA degree goes hand in hand with the first one and it is actually the cause of the first one. Graduates of an MBA programme have, due to their qualification, higher chances of obtaining and holding a high level management position. It is estimated that 70% of the MBA graduates worldwide are senior managers or board directors. This type of position brings along a higher salary but of course also a higher responsibility and longer working hours.

Whether you wish to further your current career by advancing in a leadership position, or you want to pursue a new career, an MBA is definitely going to boost your chances of achieving these goals.

 
Great Business Network

As an MBA student you have great networking opportunities. Through this type of study you get to know and interact in a relevant manner with colleagues, professors and teaching staff. Furthermore if you are not doing a part-time MBA next to your job or within your company you have good chances to meet potential employers through the various internships that are part of most top MBA programme. Last but not least you gain access to the extensive alumni network of that particular MBA programme and of others (professionals with key positions to whom you already have a direct link through the MBA education you possess. This extensive, well consolidate business network is bound to pay off throughout your whole career making you the first-hand recipient of all relevant information in the field and giving you better chances at seizing the best opportunities.

Acquire New skill and knowledge.

You may think it sounds trivial and may say to yourself isnt that what any study programme is supposed to do?. Yes, it is, but an MBA education is usually pursued in a very specific situation by a young professional with a few (2,3 or more) years of experience and sometimes even by senior employees that feel up for the challenge. After some time in the professional life (even as little as 2 years) it is in the human nature to conform to a certain repetitiveness and to stagnate in a comfort zone. This limits your disposition for learning and new skill acquisition, why should I learn something new when what I know works just fine, its safer to stick to what I know best. Studying a Master of Business Administration forces you to get out of your comfort zone, deal with the latest issues, apply the newest management techniques and just constantly challenge yourself, your practices and your approaches. And that will continue after graduation as well, as an MBA also provides you with the channels that will keep this challenge alive and push you to continuously improve.

Holistic perspective on the business world

As mentioned before, through studying an MBA you become part of a great network of professionals and companies and you constantly challenge yourself with the newest problem-solving. These things together give you a great overview of the business world, a deep understanding and a certain receptiveness to the slight changes of this environment. This type of overview and sensitivity is very hard to achieve without spending a lot of time on it. Also, as regular employee, your access will be restricted to much of the relevant information. As an MBA student or graduate this insight comes with the territory and is a great asset, not only to you as a manager, but also to any potential employer.

If you are the type of person that can handle the challenge of holding a leadership position, of having a lot of responsibility and of being in a constant learning and development cycle, then you are probably a good candidate for an MBA.

Millennium School of Business – Bangalore

 

What do they teach, in a good Business School in India ?

What do they teach, in a good Business School in India ?

As a layman would think, business schools teach the skills and help students to acquire abilities required to make a business work efficiently. Technically speaking, this is what exactly a business school teaches but in a more professional way.  Business executives need to take up challenges during their career. There might be situations at which there might be situations where there might be intense pressures to handle certain situations. At times like these, the things learnt at the B-school are a sure help. It helps you acquire these skills that managers at business firms need to possess.

A business school offers various undergraduate and post graduate courses that can help you or a company with their business needs. The undergraduate courses may be BBA (Bachelor of Business Admiration) or BBM (Bachelor of Business Management). The post graduate course offered at a B school is MBA (Master of Business Administration). An undergraduate level gives a brief idea of the master’s degree. Getting a seat in a MBA College is not an easy task. Therefore, a bachelor degree at a business school will do no less than laying a strong foundation for those who wish to study further atone of the Top 10 Business Schools in Bangalore.

AMC Institutions is one of the best Business Schools of Karnataka. Just like the other Good B Schools in Bangalore, AMC College works under the Bangalore University. Both its undergraduate at post graduate programmes follow the university norms. The faculty at AMC is a highly qualified, experienced and dedicated one. The college has well equipped labs and comfortable classrooms in order to create a comfortable learning atmosphere. To have a perfect coordination with the current market scenario, the faculties and the students maintain a continuous interaction with each other and the industry. Teachers maintain a healthy relationship with the students and help them to the full with subjects, project work and other research activities. Regular seminars, group discussions and project work keeps students involved and interested in the course. The placement cell at AMC Institution is active and work hard towards improving the campus placements with every passing year.

A professional course from a Good B School will help you in framing your entire personality. You acquire communication skills, presentation skills and also the ability to debate. For all those, who wish to become managers at reputed business firms or wish to become successful entrepreneurs some day, MBA could be the first stepping stone to their career.

 

Best Business Schools in the World

The Best Business Schools in the World

A Bloomberg Business Report

Business school has been called a two-year job interview, and with good reason: For more than $100,000 and two years of study, MBAs hope to gain access to vast alumni networks, top-tier internships, and the very best jobs. Our annual ranking of full-time MBA programs now focuses on what most people hope to get after business school: a satisfying, well-paying job.

More graduate degrees in business are awarded each year than in any other field in the U.S., and new business schools are accredited by the dozen every year. To identify the best ones, we compiled data from more than 13,150 current students, 18,540 alumni, and 1,460 recruiters across 177 distinct B-school programs. The result is our deepest and broadest set of data ever.

This year, we’ve revised the way we rank schools. For the first time, we surveyed MBAs after graduation for more insight into what graduates can expect in their future careers. We detailed some of the standout findings about MBA alumni in a separate report—including a broad pay difference between male and female MBAs that starts small, but gets bigger as they continue their careers.

Older elements of our ranking, including a tally of faculty research, have been scrapped because they don’t get at our fundamental question: How well does this business school channel its graduates into good jobs?

You can dig into an exhaustive explanation of our ranking methodology below, which also details how it differs from previous years. Briefly, the Full-Time MBA Rankings are based on five parts:

Read more

http://www.bloomberg.com/features/2015-best-business-schools/

#businessschools #managementcollege

Team – Millennium School of Business Bangalore

MBA HR Syllabus, Study MBA Human Resource Management

We at Millennium School of Business Bangalore Offer MBA in Human Resource Management (HRM) through University of Mysore.

MBA HR SYLLABUS

Third Semester

3.3    Elective HRM 1: Human Resource Development
1.  Human Resource Development: Sub systems of HRD & OD, HRM and HRD, Emerging trends in HRD, HRD in IT industry, public sector, government organizations, and NGOs.

2. Performance Management: Traditional and modern techniques, Open Appraisal – Identification of Key Performance Areas and Key Result Areas – Managerial appraisal – Ethical issues in performance appraisal. Potential appraisal, Feedback mechanisms, Performance management and career development. Bi-directional performance management.

3. Mentoring, Coaching & Employee Counseling Services: Nature mentoring and coaching, Coaching to improve poor performance, Effectiveness of coaching, Need for employee counseling programs, Components & Characteristics, Issues in employee counseling.

4.  Career Planning and Development: Meaning and process –    Career path, Career width and Length – Succession planning –   Career Development.

5.  Learning and development in knowledge setting: Learning in a knowledge environment, creating a holistic developmental approach, developing social capital, developing knowledge leadership capabilities, project-based learning, working with technology, building a comprehensive knowledge development strategy, planning for individual development.

3.4    Elective HRM 2: Organizational Change and Development

1.  Organizational Change:    Planned organizational change, Change agents, Dynamics of resistance to change, Planned change.  Quality work life.

2.  Organization Development: History of Organization, Development – Values – Assumptions – Beliefs in organization development.

3. Theory and Management of Organization Development: Foundations of organization development – Managing the organization development process – Action research and organization development.

4.  Organization Development Intervention: Team intervention – Inter-group and third party peacemaking intervention – Comprehensive intervention – Structural interventions – Training experiences.

5. Key Considerations and Issues: Issues in consultant – Client relationships – System ramifications – Power, politics and organization development – Research in organization development

3.5    Elective HRM 3: Training and Development

1. Training: Introduction, Importance of training, Advantages of training, Training challenges, Changing workplace and workforce, Training as a sub system of HRD, Learning environment, Instructional design, Learning outcomes, Feedback, Conditions of transfer, Converting training objectives to training plan.

2. Training Needs Assessment (TNA): Methods of TNA, Organizational support for TNA, Organizational analysis – Specifying goals, Identifying constraints, Resource analysis, Learning principles, Training enhancement, Trainee characteristics.

3.  Training Delivery: Traditional vs Modern methods, SDLP, Simulated work settings, DLP, CD ROM, Interactive Multimedia, Web-based instructions, Intelligent Training System (ITS), Virtual Reality Training (VRT).

4. Training Evaluation: Criteria, Evaluation of criteria, Dimensions of criteria, Use of experimental designs, Quasi experimental designs, Utility conservations, Individual difference models, Content validity model, Statistical method.

5. Training Interventions: Learning Experience and Building Organization Capability, Employee capability, Apprenticeship, Vestibule, Embedded training, Team building, cross and Inter-positional training, Leadership training.

4th Semester

4.2 Elective HRM 4: Strategic Human Resource Management
1.Context of Strategic HRM: Investment perspective of HRM, factors influencing investment oriented organizations, Impact of changes in technology, Workforce demographics & diversity on HRM.

2.Strategic Role & Planning: Strategic HR Vs Traditional HR, Barriers to strategic HR, Strategic HR planning; aggregate & succession planning.

3. Strategic Perspectives on Recruitment, Training & Development,: Temporary Vs Permanent employees, Internal Vs External recruiting; Interviewing, testing, references; International Assignment, Diversity, Strategizing training & development, need assessment, design & delivery.

4.Strategic Perspectives on Performance Management, Feedback & Compensation:  Use of System, who, what & hoe to evaluate, measures of evaluation, Internal equity, external equity, and Individual equity.

5. Employee Separation:  Reduction inforce, Turnover, Retirement, International Vs Domestic HRM, Strategic HR Issues in International Assignment.

4.3 Elective HRM 5: Labour Legislations
1.  Industrial Disputes Act 1947: Emphasis on Sec 2 (all definitions), 9A, 10, 12, 17, 18, 22, 23, 24, 25, Chapter V B, Up to Sec 25 (S) and Sec 33.  Karnataka ID Rules, Industrial Employment (Standing Orders) Act, Karnataka Standing Orders Rules.
2. Indian Factories Act 1948: Karnataka Factory Rules, Contract Labour (Regulation and Abolition) Act 1971, Karnataka Contract Labour Rules.
3.  Payment of Gratuity Act 1982: Payment of Bonus Act 1965, Karnataka Industrial Establishments (National Festival Holidays) Act.
4. ESI Act 1948: Employees Provident Fund and Miscellaneous Provisions Act 1952, Workmen’s Compensation Act 1932. Payment Wages Act 1936.
5.  Code of Discipline in Industries:  Report of the second national labour commission 2002.  Latest ILO deliberation on labour legislation in developing countries.

4.4 Elective HRM 6: Industrial Relations & Collective Bargaining

1. Industrial Relations: Historical background, Concept and approaches in IR – Stake holders of IR, Various factors influencing IR, HR approach to IR, Essentials of sound IR policy, IR Strategies, Legal frame work of IR, Community of IR. Proactive IR, Industrial conflicts, Disputes, Conflict resolution.
2. Trade Unions: Trade union movement and growth of TU in India, National level federations, Trade union problems, Trade union Organization, Leadership and management of Trade union, Trade Union Act 1926, Registration of trade union, Employers Association – Objectives, Origin and growth, Legal status, Problems of Trade Unions.
3. Grievances and Disciplines: Grievances, Redressal, Discipline, Standing Orders, Acts of misconduct, Show cause notice, Suspension, Enquiry procedure, Principles of natural justice, Punishments, Demotion suspension, Termination, Removal and dismissals, Conflicts – Industrial disputes –Lay off, Termination simplicitor, Retrenchment, closures, VRS.
4. Collective Bargaining: Concept, Its relevance in IR, CB as an institution, ILO perception of CB, Objectives of CB, Structure, Functions, process, negotiations, bargaining approaches & techniques, patterns of bargaining.
5. Settlements: Types of settlements, Wage settlement, bonus settlement, productivity settlement, VRS settlement, Union issues settlement, Reorganization settlement, Transfer, Layoff, Retrenchment and Closure settlements.

4.5 Elective HRM 7: Knowledge Management

1. Knowledge Management: Concept, Leadership and Knowledge Management, Knowledge culture, learning & developmental organization, Applying knowledge to work practices, Knowledge Systems, Knowledge Service, Strategic Knowledge Leadership.
2.  Strategic Knowledge Management: Models, Knowledge Workers, Phases of Knowledge Development, Knowledge Management Infrastructure, Harnessing Organizational Knowledge, Building Knowledge Management into the Strategic Framework.
3. Knowledge Leader: Contributory Disciplines to Knowledge Leadership, Attributes Roles, Leading Knowledge Teams, Knowledge network, Recruiting and Selecting Knowledge Leaders.
4  Knowledge Culture: Knowledge Culture Enablers, Maintaining the Knowledge Culture during Change, Reviewing, Implementing & Maintaining the Knowledge Culture.
5. Knowledge Management & HRM Practices: Structural Support, Impact of Organizational Structure on Knowledge Management, Staffing, Performance Management, Rewarding, Knowledge Workers, Learning & Development, Organizational Evaluation and Review.

Tips for MBA Admissions

Some Tips to follow If you are doing MBA

Aiming to take up MBA seeing that your higher studies choice? Well, end your seek with MBA India, any preferred and emerging vacation spot for choosing management reports. That’s because of the existence of a huge number of renowned and distinguished business schools in most over India.

If you pass facts, then you will know that statistics show a lot of enthusiastic applicants getting accepted into MBA India. The increasing quantity of top notch MBA Asia establishments also confirms the increasing popularity of the same.

Gone are those days and nights when it was difficult to acquire pertinent information. Nowadays, with the internet, you may easily hunt for precise resources so that you can lay hands on a few of the top MBA India organizations. Apart from the prime ranking MBA institutions, you can even search information on the net for the location particular business schools. For example, typing in MBA colleges using your city name in engines like Google can offer you scores of relevant leads to the city specific or even locality specific MBA Asia institutions.
Apart from destinations, there are a wide variety of considerations that must definitely not be overlooked. Some of which include the profile connected with MBA institution, the infrastructure, the experience, the heritage, the expertise of the actual teaching staffs, the pricing structure of the tuition fees, the placement opportunities, the tie ups, present day educational approach if any with the foreign universities and institutions.

When it’s about deciding on the disciples, then MBA India offers its specialization in numerous areas of expertise. Many of the sought after disciplines include IT, accountancy, communication management, man resource, marketing, bioscience organization, finance, international business, sustainable business, retail management, travel and leisure, hospitality, real estate plus much more.

After you have determined the MBA College plus the discipline, the next requirement is to prepare for the entrance exams that need to be cracked in order to make sure a seat in probably the most prestigious MBA India organization. In this respect, you can take the MBA coaching at one of the renowned coaching institutes pertaining to complete preparation on listed the mock MBA tests also to dedicate yourself to research hard through which it will be easy to prepare yourself to get a powerful road ahead connected with you.

MBA in Marketing

MBA in Marketing

Why an MBA in Marketing isn’t always the best option
10 Things I Learned About Marketing without an MBA Degree
by Adarsh Thampy

This post is going to sound odd to most of you reading this post- especially since it’s coming from a blog which is all about MBA!

Although I am not against the idea of an MBA program when the expectations are set right, I don’t necessarily believe that you need an MBA degree to crack into the corporate sector- at least in marketing.

Top 10 Things I Learned About Marketing without an MBA Degree to My Name

#1: You don’t need an MBA in Marketing to get a marketing job

Back in 2010 I was employed with an MNC and was working in a technical role. Since my passion was marketing, I tried to get into a couple of companies (including the marketing department of my then employer). Most of them rejected me because I did not have an MBA degree to my name.

This set the wrong notion in my head that you needed a management degree to get a marketing job.

However, as I started focusing more on building my personal brand through blogging and establishing my credibility as a marketer (I had 3 years of freelance digital marketing experience by this time), opportunities started flooding in.

Now I was in a position to choose who I should accept and who I should not. Most of the opportunities came from service based companies which offered me handsome salary packages but limited learning opportunity.

Finally, one day I came across my current employer- Jombay.com. Their vision, founding team, and the role I was offered excited me. So I decided to jump in!

That’s how I changed my career from being an engineer and part time marketer to being a full time marketer. Now I get to do what I love throughout the day!
#2: A day in the life of a marketer is not what most MBA graduates think it is

I have interacted with a lot of people who are currently pursuing MBA or already completed their program and are looking for their first job in the field of marketing.

Problem is, most of them think that marketing is all about sitting in conference rooms, brainstorming ideas and spending money on advertising campaigns.

While all of those maybe part of the marketing campaigns you might be executing, majority of the work is getting your hands dirty by doing tasks that might seem “menial labour” or at times simple “data entry work”.

The thing is, even if you have fancy MBA’s from big name B-Schools, you should be ready to do any marketing task that needs to be done. No point in relying on someone else. If you are in charge of a project and something goes wrong, guess who’ll be held responsible?

And the biggest problem with MBA holders is the mentality “I have an MBA. Get executives to do this stuff.” Well, set your expectations right before you join your first job.

#3: Traditional marketing is not dead- at least for now

With all the rage about big data and digital marketing being the next big thing, most businesses are taking the digital marketing route and slowly phasing out their traditional marketing.

The biggest example of companies embracing digital marketing (content marketing to be more precise) is Coca Cola.

While it makes sense for some brands, most brands will still need traditional forms of marketing to reach their right audience. So don’t expect traditional marketing to be on its way out- at least for another 5 years.

I have tried to implement digital marketing campaigns for a couple of small businesses in India and it did not work well- while similar campaigns have given amazing results for my clients in US and Canada.

The marketing strategy you need to choose should be based on your audience demographics and not based on case studies put out there. What worked for one company might not work for yours.
#4: Content is King

I am an evangelist of content marketing and not without reason.

Brands everywhere and of all sizes have started to recognize the power of content and have started experimenting with content marketing.

Not only does it allow you to generate lot of traffic to your business website, it also helps you generate customer engagement and brand loyalty like no other means of marketing.

If your audience is online, content marketing is definitely worth trying.

#5: Text book knowledge helps very little

When I did my computer science engineering degree, I thought everything I learn is going to be useful when I enter the corporate world. Soon, as any other engineering graduate, I also realized that most of what I learned is pretty much useless when it comes to the real world.

I have talked with several MBA graduates who specialized in marketing and they all tell me the same thing.

I am certainly not discounting the skills you’ll acquire from B-Schools. It’s just that your text book learning will not directly translate into marketing success. (If that’s the case you could just purchase all the MBA books and then study on your own instead of spending 2 years for a full time program)
#6: MBA can be a powerful launch pad

There are times when an MBA degree really helps you.

I have seen a couple of times where my profile- even though more qualified than an MBA graduate- got dumped because I do not have an MBA degree.

I don’t blame HR’s. They have a tough task dealing with all the applicants that come their way. So instead of spending hours trying to find the hidden gems from within thousands of resume, they opt to set cut offs to make their life easier (or keep them sane). This follows the same logic of setting cut offs during campus placements.

If you don’t have the real passion for the job as well as the drive to go on even after several rejections, not having an MBA degree can be a serious blow to your job hunt.

#7: MBA’s have a better ‘overall picture’

I’ll have to admit it.

When it comes to understanding the bigger picture, MBA graduates are far better than people without MBA degrees (there are rare exceptions though).

You’ll see that management graduates have better business sense, can understand finance jargons better, and overall quickly adapt to the marketing environment they are thrown into.

If you suddenly through me into traditional marketing, I’d take much more time adapting to it than a normal MBA person who’d be asked to handle marketing he’s not familiar with.

#8: MBA means better business contacts

Whether you are trying to close a deal with a vendor or are trying to manage a campaign that requires some level of guidance, if you have the contacts that you develop during your MBA program, it’s going to be of immense value.

I have tapped into the contact pool of friends who are MBA graduates and have received very valuable advice- something which I would never have received without the help of my friends and their MBA connections.

That being said, a management degree does not always guarantee powerful connections. You can forge connections online as well as through years of experience working in your domain. Consider MBA as a fast track lane where you reach connections much faster!

#9: Marketing is not deception

A lot of people have the concept that marketing is all about deceiving the users and trying to sell the product- kind of like snake oil salesman.

Well, if you asked me what marketers do 5 years back, probably I’d have answered the same.

However, marketing is not about deception, or anything shady. It’s about truly understanding your target audience, and trying to connect with them in a way that builds trust and creates engagement.

A sale is simply a by-product of effective marketing.

#10: Opportunities come knocking with or without an MBA

Whether you have an MBA degree or not opportunities will come to you. The way you decide to use those opportunities decides your business success.

When it comes to marketing, there are several ways to tackle challenges. If you have real world experience, you can tap into it and try to come up with a solution. If you did an MBA program and read case studies of businesses solving similar problems, you could use that knowledge to tackle the situation. If you don’t have access to either, you could ask your colleagues or peers in your industry.

There is no problem that cannot be solved if you can reach out to the right people. And of course, networking with the right people is very important. Even without an MBA degree, I was able to network with some top influencers through my blog.

The basic idea is – either tap into an existing resource pool (your MBA colleagues) or create a pool yourself (gather readers via blogging or other outreach methods).

#11: Marketing is all about under-promising and over-delivering

Like this post where I said I’d give you top 10 things I learned about marketing and gave you 1 bonus tip, marketing is also about promising something of value and then giving something more valuable.

It’s all about helping users understand the real value the product or service you are selling provides and helping them achieve their goals.

Mistakes to avoid to be a successful business man

When you first think about starting your business there is a lot of excitement and hope. However after the first rush of Adrenalin, you realize that you are not as confident as you thought you were. Nagging doubts about your ability to achieve success start to creep in and you find yourself getting overwhelmed.

This does not have to be, if you are aware of the common mistakes new entrepreneurs make and how to fix them. Here are some common mistakes:

 Your attitude:

Lack of confidence, is a common feeling when aspiring entrepreneurs first begin. You need to position yourself for success and be determined to succeed. If you want to do something and you decide on it, do not let anything hold you back. You need to be serious about changing your financial situation and be prepared to do whatever it takes to be successful.

 Not establishing your business concept:

Many people rush into a new online business without giving due thought to their actual concept. You should and must have a very clear picture of what your business represents and the products or services you will be offering. It is important to establish your USP-unique selling position. This will allow you to not only penetrate your market but set you aside from your competition and brand your business in your potential customers eyes.

 Not researching your market before you launch your product or join affiliate programs.

Before you develop your product or join affiliate programs it is very important to do your market research. Analyze your most wanted customers and make a thumbnail sketch of them. You will then know exactly what products they need and where to market to them.

 No plan:

This is one of the biggest mistakes you can make and many entrepreneurs do this. Without a plan you are like a driver trying to get to their destination without a road map. You will not be focused on what needs to be done and will very likely fail in your business. Make a timeline plan with goals to be achieved in 3 months, 6 months and 1 year. Then work in methods to achieve them. When you have a plan with milestones you will be able to focus on a few goals at a time and have the satisfaction of achieving them. You will see your business develop and go forward to success with a proper business plan.

 Not budgeting:

Another serious mistake is not developing a proper budget for your business. The golden rule is never let your business run out of money. One of the biggest reasons for failure in business is poor business management. Always keep your business expenses separate from your household budget. Make 2 accounts at your bank, one for business and the other for your household expenses, and be sure not to borrow from one to another.

Decide how much you can reasonably afford every month for your business. Do not starve your business, but at the same time do not spend more than you can afford. Your business will not usually be in profit for the 1st 3 months. Make sure you make a proper business plan of where money will be spent and keep good detailed records.

 Not researching the program you want to affiliate for, or the Network marketing program you are considering joining.

Whenever you need to join a new program always check it out carefully before you join or spend your hard earned cash. You can check it out yourself, plus ask on the business forums. There are many savvy people here and it is unusual to find a program that nobody knows about.

Quitting:

Finally last but certainly not least, do not quit your business no matter what. A business can take from 3-6 months to realize a profit and it is very important to budget for this and not to quit. You will get some bad days when it seems as if everything is going wrong and you will feel like giving up but do not give in to this attitude. Too many people quit their businesses when success is just around the corner.

Give yourself some time and remember to keep your attitude for success, always be determined to succeed. Keep these points in mind and be ready to take on challenges. In this way you will be poised for success and be able to avoid these common mistakes.

MBA Entrance Tests for Business School Admission 2016

MBA Entrance Tests

Admissions to all Business schools are conducted through entrance tests. Here is a glance at the top entrance tests that an MBA aspirant must appear for admissions into the best B schools in India.

CAT (Common Admission Test) is a national level examination conducted by the IIMs (Indian Institute of Management) the premier business schools of the country based on the policy of rotation. A computer based test is conducted in quantitative ability, verbal ability, data interpretation and logical reasoning. The CAT score is followed by the IIMs, IITs, NITs, Faculty of Management Study and various other management institutes in the country. The duration of the exam is 180 minutes and carries negative marking. With the CAT syllabus not predefined, it tops the list of the toughest entrance exams in India.

The XAT exam is probably the most competitive exam after CAT. The XAT exam is conducted for admission into management programmes in Xavier Institute of Management and Goa Institute of Management. The XAT exam is conducted every year by XLRI and thousands of candidates appear in the exam to pursue Management courses from some of the reputed B-schools in the country. The exam taken by approximately 90,000 candidates is pencil based and is both objective as well as subjective in nature. The test is split into two: Aptitude Test and Essay and GK.

IIFT is the primary provider of training and research-based consultancy in the areas of international business, for the corporate sector, Government and the student community, at large. The IIFT conducts its own exam which is known to be one of the most highly competitive exams in the country. The exam is of a 2hour duration and is conducted for admission to IIFT New Delhi and Kolkata for their flagship programs. IIFT is ranked among the top 10 B-schools in India in terms of Infrastructure, facilities, placements and faculty ratio. Negative marking is applicable.

Symbiosis National Aptitude (SNAP) is a common written test for admission to all Post-Graduate courses of the Symbiosis International (Deemed) University. Graduates in any discipline from any Statutory University with minimum 50% marks (45% for SC/ST candidates) qualify for all MBA Programmes. The SNAP exam comprises of four sections – General English (Reading Comprehension, Verbal Reasoning, and Verbal Ability), Quantitative, Data Interpretation & Data Sufficiency, (General Awareness: General Knowledge, Current Affairs, Business Scenario) and Analytical & Logical Reasoning . The paper contains 150 questions and the maximum marks are 180 and is distributed as 40+40+40+60 pattern. The duration of the test is 2 hours and all questions will be of multiple type questions. Negative marks are applicable.

The NMAT is a national level entrance examination conducted by the Narsee Monjee Institute of Management Studies for admission to all the MBA courses of NMIMS Mumbai and the PGDM courses of NMIMS Hyderabad and NMIMS Bengaluru. The NMAT examination has three sections- Language Skills, Quantitative Skills and Logical Reasoning. The paper consists of a total of 120 multiple choice questions and wrong answers are punishable by negative marking. The NMAT is a computer based test conducted over a period of 10 weeksand applications start by the month of July and end by October first week.

Source :almamapper.com

The MAT is conducted by All India Management Association (AIMA) 4 times in a year i.e. in the month of MAY, September, December and February on the 1st Sunday of the Month. The exam can be taken as a Paper Based Test or a Computer Based Test as per their convenience. The MAT is the most popular competitive exams among MBA aspirants as it gives students access to a large number of good B ( AICTE Approved) schools in India. The paper consists of 200 questions and is of 150 minutes and no negative markings.