It takes a considerate amount of skill in order to manage your time properly. If you are one of these people, you are usually able to control your time efficiently that you can even finish tasks ahead of time.

Let’s try to analyze the importance of Time management in different fields.

Time Management in School

Due to more freedom merited to college students, it can become quite challenging for new (freshman) students to cope with time management. The liberty to choose your own schedule readily creates a false notion that they can do whatever the want. On the other hand, it reflects one’s priorities and how you are able to properly appropriate them into your schedule.

With lack of proper time management, a student will have trouble coping up with deadlines set by professors. Most students would tend to slack off during vacant hours that they end up accomplishing nothing.

If a student has prepared his or her own list of work for the day, he or she will be able to properly allocate the time spent for extra curricular activities and assignments.

Time Management at work

When it comes to your job, proper usage of your time is more particular. This is because you are paid for the hours of service you render to the firm. Hence, companies will try to ensure that each hour you spend at the office is utilized effectively for work. Despite of this, employees still seek out ways to have a break.

If time is not properly managed, employees could easily eat up more time for their “breaks” than what is actually spend on actual work. Hence, the company ends up requiring the employee to do overtime work just to finish a project. If the overtime rendered is reflected on your paycheck, then good for you. But if not, then you reap the unpleasant effects of poor time management.

The Essence of Time Management

With the varying scenarios presented, it all comes down to one thing – proper time management. It allows you to achieve more in less time as compared to doing things without following a suitable system.

By properly allocating your time, you will be able to finish your tasks much faster. Also, you are able to avoid overlapping tasks that tend to slow you down.

How is efficiency linked to proper time management? Listing your intended work for the day is more than just there for reminder. Instead, they also remind you in terms of importance and urgency. When you make a list, it is important that you also create a time table for each corresponding task. This way, you are compelled to follow them in the time frame that was indicated to increase efficiency.

Aside from becoming more efficient, you also become more responsible when you learn how to properly manage your time. You can not only set your priorities, but also provide equal time for both work and leisure. Being responsible with your time will work effectively whether in school or work.

Probably the biggest benefit you can get from proper time management is that it improves the quality of your work. When you have ample time to work on a certain task, you will have enough time to determine any mistake and have enough time to correct or improve on it. When you are cramming, you do not have this luxury of revision and hence mostly settle for what you can accomplish under the allowed time frame.

To those who fail to manage their time well, most of them work under pressure or hours before the deadline. Hence, they do not get the chance to check the quality of their work.

Here are some major things that you must do in order to improve your chances in successful stock trading. Let us discuss what these things are and how they can help you in smart trading.

Trade With Money That You Can Manage To Lose

Stock trading can be quite a gamble. Your chances of earning can just about equal to your chances of losing, and in some cases, there are even greater risks of losing more. Money that you will need for survival should never be used in trades.

Because most trading markets can be very unpredictable, make sure that you make use of money that you can afford to lose. It may be too risky to invest money that you will badly need for your daily living or for your future. Always take note of the risks involved and what you are particularly risking in the exchange.

Always Trade In Reasonable Sizes

Some markets in the exchange are able to allow individuals to trade very large amounts of leverage. And so, a lot of people trade in large quantities in order to assure larger profits. However, doing this may also open up the possibility of losing money in such large quantities as well.

It is always wiser to scale your trades in order to lessen risks. Never trade sizes that can wipe you out of all your money. And you would have nothing to lose if you actually start small, and grow your transactions from there.

Identify Market States Before Trading

It is also very vital that you are aware of how the market is doing before you start trading. Take time to find out if trends are going up or down. If the you know whether the market trends are weak or strong then it may become easier for you to make the right decisions in your transactions.

By getting a good picture of the situations in the market, you can easily lay down a plan for conducting a successful trade. Things would become easier for you to foresee what must be done when you have a good idea on what may happen. In this way, you may prevent making a lot of wrong choices.

Set A Time Frame For Trading

Even if the main goal of trading in the market is to merely make a lot of money, planning beforehand when you would like to get out of the game can save you from a lot of risks.

The trading industry is consistently moving, and through the transition of time, prices may evolve. Because of this, there can also be a growing exit price. Although it may be impossible to absolutely determine when you would exactly quit the market, it could be helpful if you at least place your trade in perspective and find out when you would best collect the exit price. Doing this contributes to liquidity in the movements of the market.

Anyone who will lead you to believe that it is easy and it is always a sure thing to make money in stock trading is being untruthful. Remember that this particular market, by nature, is a volatile and consistently moving industry. And so, you must be aware of the different trends as well as formulate a good and strong strategy to weather whatever obstacles may come.

In order to make a successful trade, you must take into account the technical as well as fundamental factors in order to make good and informed decisions. Make sure that you use your knowledge and skills in determining a strategic plan to go about your trades. Achieving success in this industry is not as easy as it may seem, but with a little hard work, you may just get great results.

Importance of Mock Trading in Learning Basics
Mock trading is a process of teaching brokers and investors how to trade using virtual classes without risking their asset or losing money. Mock trading helps the traders in completely understanding the industry before leaping into it. The brokers and investors can acquire better knowledge about the stock exchange market avoiding simple mistakes that causes huge money loss to the investor. The user can achieve the following advantages by doing Mock trading:
•Trading can be learnt without loosing money and taking any risk.
•Class room learning of mock trading happened through newspapers, online mock trading eliminated the traditional training and replaced it with advance softwares.
•Real time mock trading scenarios help traders to get better understanding and knowledge about the stock market and trading industry before entering into it.
•Prior learning in trading industry helps the investors and brokers to take lesser chances and calculated risks
•As the Stock market does not run on trial and error method, so the investor can experiment the learning’s without risk of loosing money.
•Gives wide knowledge about market condition, movement of stocks, sudden shift in market trends, bonds, commodities and other important factors of trading.

Branding your business is an essential step that any business owner need to take, whether yours is a small home business or big business. In fact, it is something that must be looked into during the phase of business planning.

A brand is basically a name or a logo that will be used in advertising campaigns to represent your company or business. This will be used when printing out your business cards or when referring to your company. Hence, deciding on a brand must be undertaken with much consideration and thought. To sum it up, a brand details who you are, what you do, and how you do it.

Importance of Branding

There are several aspects that involve branding businesses. Each has its own importance and impact on attaining your business  goals. This is a step that every beginning businessman needs to educate him or herself about because it will determine the company’s performance in the future.

Here are reasons as to why business branding must be given careful thought:

Creating Business Identity

When you use a business idea to start your own business venture, chances are there are already some other existing businesses with the same nature as yours. Therefore, you need to create a brand for your business that will differentiate you from your competitors.

So when deciding on a brand name or logo for your company, you need to think of creative ways that will help make your business be easily remembered by potential customers. Distinction is a vital part of every business venture and when people find that you have something unique to offer that lets you stand out from competing businesses, then you are one step closer to your business goals.

Once you have created your company brand, then that is when you need to look into delivering quality product or service that your brand will be perceived as. That takes you now to the next essential aspect involved with branding, which is marketing.

Marketing and Advertising Campaign

Branding also impacts the sales force of your product. If you are able to create a brand name that people will easily remember and recognize for your outstanding products, then it helps create an efficient branding system for your company.

The first step for a successful business is taking the time to let people know who you are, what you do, and the means at which you do it. Properly communicating your company’s vision through your brand is an essential stage of any business branding effort. Having established an effective company brand will also create awareness of the product you are promoting.

So, when people hear your brand, then they would easily think of your products or services and your company’s reputation.

Welcome to SIMT’s highly professional and specialised online courses. Courses, which are ideal to enable a person, enhance their knowledge on related topics and become a indispensable part of your organisaton. In collaboration with iACT (International Academy for Certification and Training), all certification course has been designed to get an individual going in his career or better still advance it to the next level altogether.

SIMT Certification Couse

At SIMT, one can select and get enrolled in a variety of courses like Six Sigma Certification, ISO 9001 Certification, Relationship & Networking Building, Business Planning, Business Fundamental, Business Analysis and Decision making and a range of other courses available in our portfolio.

For more information and registration please visit http://www.simt-ind.org/eshopping.php?catid=3

What is lean Management

Lean is an evolution of waste elimination and process streamlining techniques that were founded in the Just-In-Time, Toyota Production System, 5S, Focused Factory, TOC and Visual Workplace concepts and applications from as far back as the early 1950’s. One of the mottos of Lean is to only do “what is needed, when it’s needed, in exactly the right quantities, with a minimum amount of resources”.

The core idea of Lean management is to maximize customer value while minimizing waste. Simply, lean means creating more value for customers with less resources. Businesses and Leaders in all Industries and services including healthcare and government today are finding ways to apply the principles of lean as a means of producing goods and delivering services that creates value for the customer with the minimum amount of waste and the maximum degree of quality. Many organizations choose not to use the word lean, but to label what they do as their own system, such as the Toyota Production System or the Danaher Business System. Lean Management is applicable for every business and every process as it is not a tactic or a cost reduction programme but a way of thinking and acting for an entire organization.

What is Six Sigma

Six Sigma is one of the most powerful business improvement approaches to evolve in the last decade. Six Sigma is both a business improvement program AND a powerful set of statistically based improvement tools. It is a business management strategy, originally developed by Motorola, that today enjoys widespread application in many sectors of industry. Six Sigma seeks to identify and remove the causes of defects and errors in manufacturing and business processes. It uses a set of quality management methods, including statistical methods, and creates a special infrastructure of people within the organization (”Green Belts, Black Belts” etc.) who are experts in these methods. Each Six Sigma project carried out within an organization follows a defined sequence of steps and has quantified financial targets (cost reduction or profit increase).

Reason for Integration

There exist no single system or technique, which is self-sustainable and can be applied alone for the targeted results. Every system has its own merits and demerits. The Lean thinking has its weakness for strategic and operation business needs, sub-optimal application with quick-hit kaizen-type approaches, inadequate substantiation of bottom-line expectations and validation of financial impact, and poor ability to resolve critical variation and defect generating bottlenecks in the process. Although Six Sigma has been proven highly successful in many industries and functional applications, one of the critical weaknesses is the lack of a fundamental methodology for leveraging strategic and operational opportunities to drive the selection and execution of high priority projects.

Integration of Lean Management with Six Sigma

The integration of Lean management tools and Six Sigma produces a synergy that can work wonders for many companies. Companies experienced in the application of Lean and Six Sigma techniques have for some time recognized the compatibility and power of combining these approaches under the umbrella of a single business improvement program. There is a natural linkage between Lean and Six Sigma both at the program-level as well as the project execution level

Some of the tools and principals of Lean marketing can safely be introduced with the Six Sigma Framework.

1. Cause-and-Effect Diagram or Ishikawa and 5 Whys: When the concrete statistical data is not available in the Analyze phase of the Six Sigma, it becomes difficult to identify the root causes of the problem. In such a scenario applying 5 whys of Lean thinking in conjunction with the cause and effect diagram can make the job easier. It is a visual tool to logically organize possible causes of a problem area to the root cause
2. Value Stream Mapping: During the Analyze phase, a value stream mapping map helps categorize value enabling, value adding and non-value adding activities. The introduction of value mapping helps in identifying and eliminating the non-value added activities in each process, thus leading to the reduction in the waiting period between consecutive steps wherever possible. It can also be made a part of Kaizen Cycle that is included in the Analyze and Improve phase.
3. Takt Time: The German word “Takt” meaning ‘beat’. It refers to the time in which a project is completed to the fulfillment of customers’ demand. In the Analyze phase, the cycle times can also be taken into account for comparing it with the current SLAs (Service Legal Agreements). A tolerance level can be set and in case of exceeding tolerance levels, process improvements should be imitated for matching the cycle time with the takt time.
4. Heijunka Or Load Balancing: The load Balancing System of production design is used for getting a more consistent and even flow of process work. In the Design phase, the principle can be used in the Analyze phase to eliminate the bottlenecks that may have been identified during the Analyze phase.
5. Mistake-Proofing or Poka Yoke: The Japanese phrase “Poka Yoke” means mistake proofing. The process is useful when creating a new system with DMADV (Define, Measure, Analyze, Design, Verify) using Six Sigma Technique The Pareto analysis and Ishikawa chart bring out the problems of the current process. During the Improve and Design phases, different ways for elimination of errors can be investigated and the process improved or redesigned in its entirety

SIMT is dedicated to changing the way Internet learning is conducted. We provide certification courses on Lean Management and Six Sigma Certification/ Our easily affordable system of education is not just of the highest quality standards, but also meets your demands for flexibility and diversity.

For more information and registration please visit http://www.simt-ind.org/eshopping.php?catid=3

The National Stock Exchange NSE on 30th November 2009, Monday opened its online trading platform for mutual funds with the Initial tie up with UTI Asset Management Company (AMC). Mutual Fund investors will be able to transact through National Stock Exchange’s fully automated online system in mutual funds along with other capital market products.

Within less than a week after the National Stock Exchange launched its mutual funds trading platform, the Bombay Stock Exchange, on 04th December 2009, Friday made operational its own mutual fund platform name BSE Star with confirmation of participation from more than 20 mutual fund-houses with a total of 103 schemes.

The New System

Investors henceforth with the new system can connect to the NSE’s trading platform through their brokers’ for subscription and redemption of Mutual Fund Investment. NSE had provided a fully automated online order collection system called National Exchange Automated Trading-Mutual Fund Service System (MFSS) for the participants while BSE had provided the services in the name of BSE Star.

The Number of units bought / sold will be through the depository in the demat mode for the demat account holders whose designated bank account will be debited/credited for the order placed on T (trading day) + 1 day. The Process is the same as in case of Purchase of Shares from your broking house. The new system will operate on all business days of the capital market between 9 a.m. and 3 p.m. with a cop of single transaction less than 1 crore.

In case an order is placed through the physical mode, the Registrar and Transfer Agent (RTA) will provide final redemption information to the exchange on T+1 day; the payout, however, will happen according to the scheme’s provisions and within the timelines.

Benefits to the Investors

Investors henceforth can place the order for subscription and redemption online through their demat account as they currently do while trading in the secondary market for equities. Investors not having demat account can place orders in the physical mode through an AMFI certified broker by providing specific KYC documents.

The move by SEBI had now allowed investors in the mutual fund industry to transact through 2 lakh terminals of NSE located across 1,500 towns and cities. The extensive reach and access to NSE & BSE terminals across all regions will further bridge the gap between the Mutual Fund Industry and the people from the remotest part of our country desirous of investing in mutual funds. This move will boost the Rs 7.23 trillion Indian Mutual Fund industry to a different platform.

In the earlier offline mode of transaction investors were able to buy the units of the Mutual Fund on the same-day NAV, if they submit their form to the Mutual Fund House before 3 pm, which is the cut-off time for equity fund. Any delay in submission of the form results in the investment at the next day’s NAV. With the new system in place, the Investor can now plan their purchase online till 2.59 PM at the comfort of the home.

The Online system apart from allowing investors to purchase mutual funds units at the same days on the same day NAV, provides the added advantage of getting their units allotted in demat mode. This also facilitates easy monitoring of the Mutual Fund Investment along with other investments.

Single Demat account for all

Investors do not have to open a new account for dealing with Mutual Fund. The investment in Mutual Fund can be done with existing demat account. Investors will get a single demat statement that will reflect all their holding in Share market and mutual fund thus giving greater control on the Portfolio.

Present Facilities Available to Investors

Presently the new system is supporting only the one time lump some Investment in the mutual fund scheme restricted to a single transaction of less than 1 crore. The Systematic investment plan (SIP) and systematic transfer plan (STP) is not offered to the investor but is expected to be provided in near future

Investment Cost

The broker will charge investors a certain amount as brokerage. The brokerage will vary from broker to broker and is a concern to be addressed for the benefit of the Investors.

Learning the Strategy to Invest in SIMT way

Our purpose here at Shyam Institute of Management and Technology is to offer dependable resources and expertise for enhancing trading knowledge about the Indian stock market. Through the software, traders and investors can also learn about various financial instruments and as to how they can use them without risking any of their hard-earned money. Moreover, with direct feeds available from NSE, MCX and NCDEX, we offer them an experience which is not only valuable but also allows them to gauge their readiness before taking a leap into real time trading. Mock Trading in Mutual Fund and Commodity Market is also available for the user. Thus the Investor can plan the right Investment portfolio including investment in share, commodity and Mutual Fund segment

For Registration for the Mock Trading Game from Shyam Institute of Management & Technology, Please visit http://www.simt-ind.org/eshopping.php?catid=2