Carlos Slim’s 10 Keys To Business Success
Carlos Slim’s 10 Keys To Business Success
1. Have a simple organizational structure
2. Maintain austerity
3. Focus on growth
4. Minimize non-productive things
5. Work together
6. Reinvest profits
7. Be charitable
8. Keep optimistic
9. Work hard
10. Create wealth
Saturday, October 29, 2016
Wednesday, October 26, 2016
Warren Buffett's Top 10 Rules For Success
Warren Buffett's Top 10 Rules For Success
1. Find your passion
You are lucky in life when you find it and you can’t guarantee you are going to find it on your first job, but once you find it, your life will change. Take the job you would take if you were independently wealthy, you are going to do well at it.
See also: 3 Practicals Ways to Find Your Passion
2. Hire well
It’s no secret that hiring is one of the biggest challenges of managing and growing a creative team. Remember that your people are your greatest asset. Look for people with 3 qualities – integrity, intelligence and energy.
3. Don’t care what others think
“Care about what other people think and you will always be their prisoner.” – Lao Tzu. It’s normal to want to be liked and accepted. However, this leads to people worrying too much about what others are thinking about them. This kind of excessive worrying can have a negative effect on your life. Do not let it prevent you from living your life to the fullest potential. Once you give up caring about other people’s opinion and thoughts, you will discover the real you, and that freedom will be like taking a breath for the first time.
4. Read, read, read
If you‘re one of countless people who don’t make a habit of reading regularly, you are missing out countless opportunities daily: The more you read the smarter you get. I remember reading last month that if you read one book a month on the same topic for 2 years, you will become part of the top 5 % experts in that topic, and that’s the real power of reading. Here are some of the books that Warren Buffett recommends – “Business Adventures: Twelve Classic Tales from the World of Wall Street” by John Brooks, “The Essays of Warren Buffett” by Warren Buffett, “The Intelligent Investor” by Benjamin Graham
Source: Business financial post
5. Have a margin of safety
The majority of investors will encounter various stumbling blocks and bad luck over their investing lifetime; a margin of safety will provide them with some protection in terms of preservation of capital when the going gets tough.
6. Have a competitive advantage
“Capitalism is all about somebody coming in and trying to take the castle. Now what you need is a castle that has durable competitive advantage” – Warren Buffet
A competitive advantage is an advantage over competitors gained by offering consumers greater value, either by means of lower prices or by providing greater benefits and service that justifies higher prices.
7. Schedule for your personality
Warren Buffet doesn’t like meetings, but he is building his businesses around his personality, doing it the way he prefers and enjoys. So find your productive mode, find your pace, find the sweet spot. You will be most productive once you find what works best for you.
8. Always be competing
The biggest business killer – complacency. Once you get that feeling of self-satisfaction, that’s when it gets dangerous, that’s when your competitors will run you over. So always strive for growth, always be on the move, otherwise your competition is going to outcompete you!
9. Model success
You can’t do it on your own, get that out of your head. There is one thing that successful people have in common; mentors. Having a mentor is said to be one of the most important keys to success. I believe this is especially true early on but is imperative at any point in your career.
10. Give unconditional love
In his profile for The Great Minds of Investing, Mr. Buffett speaks candidly about the most important reason for his success: the love and support he received from his father, Howard Buffett, a U.S. Congressman whom he revered. “My dad believed in me,” Mr. Buffett explains. “What I basically got from my father is unconditional love. Unconditional love is huge in this world … Whatever I did, he was all for it. It didn’t matter how much money I made or anything like that. It was just, ‘Do your best in whatever you take on.’ ”
Wednesday, October 19, 2016
Friday, September 23, 2016
Wednesday, September 21, 2016
Monday, June 27, 2016
Wednesday, June 8, 2016
Monday, May 18, 2015
Procedure of Bale management | Function of the Blow room
Procedure of Bale management:
1. Sample collection of each bale.
2. Given ID No. on individual bale and sample.
3. Conditioning the sample for standard MR%.
4. Sample test by HVI (High Volume Instrument).
5. Input data in BIAS (Bale Inventory and Analysis System).
6. Prepared mixing plan.
7. Prepared lay down plan.
Function of the Blow room:
The most function of the blow room are given blow-
Opening the fibers.
Cleaning the fibers.
Dust removing from fibers.
Blending of different fibers.
Mixing of fibers.
To remove contamination. Here contamination means color fiber.
To remove heavy & foreign materials.
1. Sample collection of each bale.
2. Given ID No. on individual bale and sample.
3. Conditioning the sample for standard MR%.
4. Sample test by HVI (High Volume Instrument).
5. Input data in BIAS (Bale Inventory and Analysis System).
6. Prepared mixing plan.
7. Prepared lay down plan.
Function of the Blow room:
The most function of the blow room are given blow-
Opening the fibers.
Cleaning the fibers.
Dust removing from fibers.
Blending of different fibers.
Mixing of fibers.
To remove contamination. Here contamination means color fiber.
To remove heavy & foreign materials.
Sunday, May 17, 2015
Ring | Automatic Cone Winding | Concept of Bale Management | Necessity of bale management
Ring:
The end-product of ring department is yarn. Yarn is the continuous strand of fibers, which has received its final shape. It may be finer (wt/yard is less) or coarser (wt/yard is more) as per requirement of customer. However it is many times lighter in wt/yard as compared to that of roving from which it is produced.
The machine which produces yarn takes roving and reduces it by roller drawing, twisting as needed and winds the products accurately in a special form of bobbin for further use in auto cone.
Automatic Cone Winding:
The completion of package from yarn to cone is done in this department. The yarn produced at the ring frame is obtained on a ring bobbin, which is not the final shape to present the yarn to the customer. Therefore it is essential to present the yarn to the customer in a reasonable package which is usually a cone produced on a winding machine. This cone
Contains the yarn in weight usually ranging from 2 lbs to 6 lbs. Yarn bag is commonly understood of weight of 100 lbs
Concept of Bale Management:
Bale management is the process of inventory control and selection of bale according to fibre properties and also to mix fibre homogeneously to get consistent production and quality of yarn, which is extremely important for production of yarn. For bale management, all of the bale are tested and almost similar category are arrange for homogeneously mixing.
Necessity of bale management:
Bale management very essential for the following objects-
By bale management consistency yarn quality found.
A means of avoiding quality jumps.
Cost saving by bale management.
The end-product of ring department is yarn. Yarn is the continuous strand of fibers, which has received its final shape. It may be finer (wt/yard is less) or coarser (wt/yard is more) as per requirement of customer. However it is many times lighter in wt/yard as compared to that of roving from which it is produced.
The machine which produces yarn takes roving and reduces it by roller drawing, twisting as needed and winds the products accurately in a special form of bobbin for further use in auto cone.
Automatic Cone Winding:
The completion of package from yarn to cone is done in this department. The yarn produced at the ring frame is obtained on a ring bobbin, which is not the final shape to present the yarn to the customer. Therefore it is essential to present the yarn to the customer in a reasonable package which is usually a cone produced on a winding machine. This cone
Contains the yarn in weight usually ranging from 2 lbs to 6 lbs. Yarn bag is commonly understood of weight of 100 lbs
Concept of Bale Management:
Bale management is the process of inventory control and selection of bale according to fibre properties and also to mix fibre homogeneously to get consistent production and quality of yarn, which is extremely important for production of yarn. For bale management, all of the bale are tested and almost similar category are arrange for homogeneously mixing.
Necessity of bale management:
Bale management very essential for the following objects-
By bale management consistency yarn quality found.
A means of avoiding quality jumps.
Cost saving by bale management.
Mixing | Blow Room | Carding
Mixing:
Mixing is define in which cotton bales are brought from go down and blending is performed in different ratios as per requirement. It is also called mixing and blending. A mixing of cotton blend is usually prepared keeping in view the required parameters of yarn being manufactured on the basis of cotton characteristics. Another important job performed in this department to condition the cotton bale by lay down before opening and cleaning.
Blow Room:
The main function of this department is to open and clean the cotton by beaters, condensers, air current, conveyor belts, hoppers etc. The impurities dropped under blow room machinery at different steps are called dropping-II and it varies in quantity or %age depending upon the cleaning efficiency and cotton density processed at that spot.
The end product of blow room is lap. It is made on Scutcher. It is a roll of uniform sheet of cleaned cotton wrapped after calendaring with sufficient pressure.
There is also another system in which opened and cleaned cotton is directly fed to the carding section from blow room, without lap formation. This system is called chute feed system.
Carding:
Carding may be defined as the reduction of an entangled mass of fibre to a filmy web by working them between two closely spaced, relatively moving surface clothed with sharp wire points.
Mixing is define in which cotton bales are brought from go down and blending is performed in different ratios as per requirement. It is also called mixing and blending. A mixing of cotton blend is usually prepared keeping in view the required parameters of yarn being manufactured on the basis of cotton characteristics. Another important job performed in this department to condition the cotton bale by lay down before opening and cleaning.
Blow Room:
The main function of this department is to open and clean the cotton by beaters, condensers, air current, conveyor belts, hoppers etc. The impurities dropped under blow room machinery at different steps are called dropping-II and it varies in quantity or %age depending upon the cleaning efficiency and cotton density processed at that spot.
The end product of blow room is lap. It is made on Scutcher. It is a roll of uniform sheet of cleaned cotton wrapped after calendaring with sufficient pressure.
There is also another system in which opened and cleaned cotton is directly fed to the carding section from blow room, without lap formation. This system is called chute feed system.
Carding:
Carding may be defined as the reduction of an entangled mass of fibre to a filmy web by working them between two closely spaced, relatively moving surface clothed with sharp wire points.
Saturday, May 16, 2015
Combing | Drawing | Roving
Combing:
Before combing the material, a number of slivers are doubled and drafted in a parallel position to form a ribbon lap as a feeding material on the combing machine. The ribbon lap is then processed on the comber for the removal of short fibers (noil), neps and others impurities.
Drawing:
Drawing is the process of progressively passing or sliding fibers by each other, causing a reduction in the size of the strand, but not breaking its continuity. In processing cotton, the action is obtained by using several pairs of rolls running at speed gradually increasing from back to front.
Purpose of all roller drawing is to straighten the fibers & removing hook point being treated and to reduce the size of the strand, which they compose. The straightening is important because it arranges the fibers more nearly parallel to each other and to the direction of the strand when the fibers are well straightened; the arrangement helps in producing uniform, strong and smooth yarn.
Roving:
A roving, the product of roving frame, may be defined as a continuous, slightly twisted strand of cotton fibers, which has not received its final reduction. The machine which produces roving takes sliver or other roving and reduces them by roller drawing twisting them slightly as needed, and winds the product accurately in a special form of bobbin.
The purpose of the roving operation is to attenuation drawn the sliver for a suitable size for spinning
Before combing the material, a number of slivers are doubled and drafted in a parallel position to form a ribbon lap as a feeding material on the combing machine. The ribbon lap is then processed on the comber for the removal of short fibers (noil), neps and others impurities.
Drawing:
Drawing is the process of progressively passing or sliding fibers by each other, causing a reduction in the size of the strand, but not breaking its continuity. In processing cotton, the action is obtained by using several pairs of rolls running at speed gradually increasing from back to front.
Purpose of all roller drawing is to straighten the fibers & removing hook point being treated and to reduce the size of the strand, which they compose. The straightening is important because it arranges the fibers more nearly parallel to each other and to the direction of the strand when the fibers are well straightened; the arrangement helps in producing uniform, strong and smooth yarn.
Roving:
A roving, the product of roving frame, may be defined as a continuous, slightly twisted strand of cotton fibers, which has not received its final reduction. The machine which produces roving takes sliver or other roving and reduces them by roller drawing twisting them slightly as needed, and winds the product accurately in a special form of bobbin.
The purpose of the roving operation is to attenuation drawn the sliver for a suitable size for spinning
Saturday, May 9, 2015
Properties of textile supply water
Water has versatile usages in textile wet processing industry-from preparation of finishing use of water is essential in every stage of textile process. The quality of water is a dominating factor for success of wet treatment. Industrial process water hold different type of element ,sometimes pollute severely. Water mainly contains the carbonates, bicarbonates, sulfates, and chlorides of calcium, magnesium of sodium. Contaminated water can adversely affect the expecting standard of textile wet processes. The process needs a standard specification aspect of use. Textile dye house consume huge amount of water and this water must be maintain the minimum standard quality.
Common Agent | Detergent | Lubricant | Anti-foaming |Anti-creasing | Leveling agent
Detergent
Detergent is one kind of surface active agent but the
reserve is not always true. The surfactants which have tendency power and the
number of carbon in aliphatic chain are not less than 9. Usually used in
textile to clean the materials by removing undesirable substances. These products
are either soap or synthetic detergent.
Lubricant
The chemical compounds use to prevent contact between solid surfaces in relative motion in order to reduce friction wear overhearing and rusting. They are good coolants, provide the appropriate range of viscosity and are thermally stable.
Anti foaming agent
Anti foaming agent are other types of surfactants which are able to prevent or reduce foam. Usually anti foaming agent used in dyeing bath and in printing paste to hinder the foam generation .Excess foam Generation can create adverse effect in processing and product.
Ant creasing agent
Usually used in dye bath or in finishing stage to prevent creasing of fabric or garments.
Leveling agent
Leveling agent is used in textile coloration process to achieve uniform dyeing over the whole substrate by controlling the rate of dyeing. Generally it is non ionic surfactants types compound either fiber substantive or dye substantive. It is available in market in liquid form.
Friday, May 8, 2015
Basic Qualification of Merchandiser
-Knowledge on duty rates and customs regulations
-Good command in English.
-Adequate knowledge on technical terms, accurate and efficient communication skill
--Good knowledge of raw materials (Fiber, Yarn, Fabric, Garments and accessories required)
-Sufficient knowledge of Dyeing, Printing, Finishing, Washing, Embroidery, Garments manufacturing etc.
-Adequate idea about color fastness of fabrics, garments and accessories.
-Knowledge on used raw materials and garments inspection systems
-Good knowledge of Exporting and Importing countries
-Knowledge of shipping and Banking documentation and regulations
-Order procedures of international buyers
-Adequate knowledge of factory profile
-Computer literacy and e-mails & internet.
-Excellent power of motivation to improve public relations
-Excellent behaviors and personality and intelligent
-Good command in English.
-Adequate knowledge on technical terms, accurate and efficient communication skill
--Good knowledge of raw materials (Fiber, Yarn, Fabric, Garments and accessories required)
-Sufficient knowledge of Dyeing, Printing, Finishing, Washing, Embroidery, Garments manufacturing etc.
-Adequate idea about color fastness of fabrics, garments and accessories.
-Knowledge on used raw materials and garments inspection systems
-Good knowledge of Exporting and Importing countries
-Knowledge of shipping and Banking documentation and regulations
-Order procedures of international buyers
-Adequate knowledge of factory profile
-Computer literacy and e-mails & internet.
-Excellent power of motivation to improve public relations
-Excellent behaviors and personality and intelligent
Thursday, May 7, 2015
Quality of Trimmings
The important qualities of trimmings are-
Life time: The life time of trimmings should be equal or higher than that of the garments.
Shrinkage: The shrink ability of the garments and the trimmings should be checked earlier.
Color fastness: The fastness properties of accessories should be good.
Rust: To avoid this problem, the metal trimmings should be electroplated or they should be made up of non – rusting materials.
Comfort ability: Trimmings should not create any uncomfortable feeling to the wearer.
Life time: The life time of trimmings should be equal or higher than that of the garments.
Shrinkage: The shrink ability of the garments and the trimmings should be checked earlier.
Color fastness: The fastness properties of accessories should be good.
Rust: To avoid this problem, the metal trimmings should be electroplated or they should be made up of non – rusting materials.
Comfort ability: Trimmings should not create any uncomfortable feeling to the wearer.
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