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What Giant Success Takes: The Keys in Making it Big in the Business World

Have you ever wondered why Chinese are one of the most successful entrepreneur in the business world? In close scrutiny, among the companies that are funded by the foreign nationalities, over 70% are Chinese-owned. Their investments are even more than half of the total investment capital of the business. Chinese businessmen usually own 60% of the shares in the different businesses all over the world.

So, whatis with the Chinese entrepreneurs that they have the tendency to always make it big in the industry? Why is it that they always succeed whenever they are engaged into any kind of business?

The answer lies on the fact that they possess what it takes to succeed in the business. They possess the qualities that are needed in order to survive in the hustle and bustle of everyday living in the industry.

Primarily, courage and grit are the primary itriggersi with the success of many Chinese. They believe that if you want to establish a business, you need to take chances.

The Chinese used their thriftiness and trade to get ahead. For example, a Chinese businessman that is into clothes and garments would usually cut the garments themselves. There are times that the Chinese businessmen had their own businesses, but would still help their family on whatever activities that would help them earn more money.

In some cases, these people would work all night long even if their hands get swollen just so they could finish what must be done at once.

Secondly, the Chinese were dedicated to their work. Hence, it is important for every businessperson to incorporate the values that can be found in the Chinese like assuming all the roles that are necessary in order to run the business. Best of all, they would teach that to their children. No wonder why most successful businessmen are considered as jack-of-all-trades.

Hence, this kind of commitment results to a certain kind of philosophy, in which Chinese businessmen believe in: business titles are not that important with regards to their roles in the company.

The good thing about being a good entrepreneur is to disregard business titles. What matters most is to focus on things that need to be done and they do it.

The Chinese work ethic is pragmatically sustainable as far as the businessi success is concerned. For some nationalities, education is the be-all and end-all and business is just a means of getting a good education. Most people are being conditioned to study well so we can find a good job. We are not being taught the value of entrepreneurship, but for many Chinese, they dream of making it big, and business is a means of achieving that.

The best entrepreneurs even contend that the lack of appreciation for entrepreneurship is one of the main reasons why some countries have not moved forward economically.

So, what does it takes to have a giant leap to success? Here are some tips that Chinese businessmen had learned and will love to teach to those who want to make it big in the industry:

1. Find your target market

It would be better to choose a business no one else would try out because it was not a typical elite or socially appealing business.

The logic here is that it is, indeed, easier to start a business for middle-end childrenis clothes, for example, but you will just as easily lose money because there are a lot of you fighting for the same market.

2. Do not spend too much on things that are not important. Save more money.

It is important for every person to know the value of money and the importance of saving for a rainy day.

3. Do not believe in any iget-rich-quicki scheme.

Most entrepreneurs would contend that it is common for every trade to lose some money within two years of operation. Do not be crestfallen. Focus on establishing a base of operations and learning from your mistakes.

4. Be penny-wise

Spend only on things that you can afford.

5. Choose your customers well

Go for quality rather than quantity. Chinese businesses do not advertise as much as Western businesses because they believe that the iword-of-mouthi is the key to getting new clients. It is better to rely on goodwill that you generate in your business.

Boiled down, leaping through a giant step to success and in making it big in the industry, it is better to have a personal approach to work. No matter how petty the patch up is, it is better to visit your clients personally. In turn, this makes the customer feel contented because the proprietor himself is actually solving the problem in person!

Hong Kong Stationery Fair Yiwu merchants received a large foreign trade on hi one

Yesterday, just 2008 Hong Kong International Stationery And exhibition back Yiwu merchants Lu Deguang told reporters that he produced Folder Etc. Stationery Very popular in Hong Kong show, dozens of foreign Purchase Operators are interested in their products, and said orders after the show. And Lu Deguang, as more than 10 enterprises in Yiwu Stationery Hong Kong International Stationery Fair 2008, ushered in the new year on the trade a good sign. It is understood that the city of Hong Kong Stationery Fair this year’s first exhibition outside the exhibition tour, the city and outside the company, said buyers have reached a satisfactory intention to order.

2008 Hong Kong International Stationery Fair on January 7 -10, held, the show is second only to Germany Flange Kefu Office Supplies Development of professional stationery exhibition by the Hong Kong Trade Development Council and Messe Frankfurt (HK) Limited, was known as the international industry’s most professional and most famous one of the stationery show. Yiwu pens and other stationery industry, a place in the country, so this exhibition is also optimistic about the city business. Yiwu City Foreign Trade Bureau has six years to organize a delegation.

Yiwu International Chamber of Commerce, according to the person in charge, and other International Stationery Fair, the Hong Kong International Stationery Fair Hong Kong Toys and Games Fair, held on the same period also, which is Asia’s largest and second largest toy fair in the world, so many international buyers are attracted years. As the two coincides with the exhibition, Buyer Can buy stationery and toys in one fell swoop, for the exhibitors to create more opportunities for negotiation. It is understood that the four-day exhibition attracted 269 exhibitors from around the world business, there are 10,006 more than a thousand from more than 120 countries and regions of buyers attending the event.

Show, the city was light stationery stationery Co., Ltd., more than ten companies have got to open the first-year red big business. Among them, the Golden Eagle Crafts , Bo Cheng stationery enterprises have continuously participated in the event four or five times, they said, the show exhibits an array, including the document with other writing tools Paper products And Paper Products, office supplies, art equipment, teaching aids, and children’s stationery and school supplies, this year’s results would be worthy of exhibitors than in previous years. Yiwu Flying Pen is the first exhibition, general manager Wang told reporters yesterday’s very emotional, they produce Ball point pen Show flourished as a venue in Hong Kong. “I never expected that SME’s products actually favored by foreign buyers, customers in our booth to visit very much, we received 23 firm orders and ten, with several customers on the spot orders to us, the effect far beyond what we expected We do not want to miss this opportunity next year. “According to the majority of Yiwu Entrepreneur Revealed that the current Hong Kong Stationery Show, and the signing of multi-Yiwu business customers in Southeast Asia, and some international purchasing group. In recent years, more and more “Yiwu create” stationery through Hong Kong constantly cover world trade transit point for Southeast Asian countries.

The name of the company, who declined to say, despite the recent impact of foreign trade has been weakened by various environmental, but let him see the Hong Kong show business in 2008 bode well. He suggested, Yiwu enterprises, especially SMEs, should get out more.

Hong Kong International Stationery Fair is an international stationery exhibition this year, the city will also tour this year, International Chamber of Commerce to participate in international stationery, office supplies industry event are: International Office Products Fair in Frankfurt, Germany, Japan Tokyo International stationery, office Commodities Fair, Sao Paulo, Brazil International stationery, office supplies exhibition, Frankfurt, Shanghai and other stationery show. It is understood that the International Office Products Fair in Frankfurt, Germany is the world’s largest office products exhibition, held this month, 23 -27 days, the city will have 30 companies participating in the exhibition and be held with the same period a Christmas gift, bodily development.

It is understood that this year, the city plans to send International Chamber of Commerce will participate in nearly 40 exhibitions abroad were involved in beauty salons, stationery, office supplies, Paper products Class, Clothing Apparel , Fabric Accessories Classes, gifts, household goods, Consumption Category, Home Textiles Etc.

Working Smarter to Succeed in the Modern Business World

In the business world, every penny counts when it comes to ensuring an organisation is in good shape and remains profitable in the long term.

But whilst thriftiness will certainly help to ensure money isn’t needlessly wasted on luxury items that contribute nothing to the revenue-generating side of the business, it’s equally important to be aware of when and where not to cut corners. Businesses will ultimately only get something in return by investing money where it matters.

Intelligent business decisions are central to any successful company and whilst many of these will be made purely on the good instinct of the business owners, it always helps to get a few pointers as to where improvements can be made and where the day-to-day operational aspects can be streamlined.

For example, small to mediums sized business owners often have their work cut out for themselves, especially in the early days. It may be the case that they have to learn about every aspect of running a business from keeping the accounts and recruitment to fixing photocopiers and networking an entire office.

However, it’s impossible to become an expert in everything. And sometimes, it may not be cost effective to employ a full-time member of staff to carry out a particular function that is only required on an ad-hoc basis. In these instances, it may be wise to consider outsourcing certain aspects of the company to external bodies who are not only experts in their fields, but also operate a ‘pay as you use’ service philosophy.

In terms of technology, the Internet is perhaps one of the most valuable tools a modern day business has at their disposal, as it is often the first port of call for many potential customers. So optimising online operations should be a priority for any organisation that wishes to ensure both its short and long term profitability.

With a large proportion of consumers now connected to the World Wide Web, this helps to outline the importance of having a fully functioning and useful website. Whilst the customer-facing side of operations is important, the technology a company employs for its own use can make a huge difference to productivity, and can help everybody in the organisation perform to the best of their ability.

Indeed, with many companies now adopting a remote working ethos, managing workloads on the move is becoming increasingly common and necessary. It may mean keeping in close contact with clients or suppliers, or simply always being available should someone from the office need help or support with a certain task.

Web-enabled mobile phones and PDAs have played their part in the past, but their inherent limitations mean that laptops with mobile broadband technology is becoming an increasingly popular option for those who need to stay connected when they’re out of the office.

By adopting smart working methods, a business can ultimately stand a far better chance of succeeding in the long term. Whilst it is important not to spend money needlessly, it is equally as important to spend money where it is needed.

International Business Management: Paving the path towards a transnational market

When the floodgates were opened a few years ago and multinational companies started their business in our country, everyone was skeptical about the nature of growth in our country. But all were pleasantly surprised by the success of globalization. The tremendous workforce in our country contributed to the stupendous annual growth. Due to this, international business management received afresh impetus and the demand of MBA in International Business Management increased manifold.

International business management deals with global commerce and seeks to break the shackles of geographical and political boundaries. Since the internet has acted as a powerful tool in making the world accessible, the variety of careers awaiting the youth is plenty. In this context, MBA in international management has a great future. In order to make it a successful career, you have to develop an interest in global politics, culture, time and money, which play an important role in making you a good business professional. You have to develop a proficiency in knowing the market principles of different countries.

The need for MBA in International Business Management:-

If you want to study MBA in International Business Management, you must have an ear for grasping the economic pulse of different countries. You should be ready to work as an executive whose area of functioning is diverse. You have to develop strategies to deal with multicultural concerns keeping in mind the sensitive international relations.

With the advent of multinational companies in India, the domestic companies are also inspired to spread their wings and venture in different directions outside the country. This factor is causing a tilt towards international business management. Be it government agencies or banks; everyone has a need for people with MBA in International Business management. With opportunities knocking at your door, you should be intelligent enough to grasp it with both hands and make the most of it.

Even if you haven’t done your MBA but are already working in a company which is looking to globalize, you need not worry. You can still complete your education by enrolling for an MBA in International business management now. Not only will this enhance your prospects in the company, but you can look to get into better companies as well. The skills that you learn will certainly help you out.

What will you get after doing an MBA in International Business Management?

Once you apply for a degree in International Business Management, you must be curious to know about your prospects. A general study shows that you can expect an annual salary of Rs. 5 – Rs. 10 lakhs if you are employed by a reputed company. You job may help you to settle in different countries and get a diverse experience. You must however look for job satisfaction and the scope for career growth in whatever you do.

An MBA in International Business management can be very lucrative and will surely provide you with many avenues for developing your skill in international business. You can also develop a passion for learning foreign languages to further your business acumen. With a degree in international business management, you can aim to place India on the top of the world map. There can be no dream better than that.

PGDM Courses- An Important Step Before Stepping Into the Business World

PGDM or Post Graduate Diploma in Management is equivalent to an MBA. There are a number of PGDM Courses one can choose from. The following are the different PGDM programs available

 

 

 

 

Full-time program

Part-time program

Distance Learning program

Executive program

Online program

A full-time PGDM program is usually of 2 years and comprises 4 semesters, 6 months each. Students can opt for their interest of specialization and have the option to choose from minor and major subjects. The choice of subjects includes the following:

Marketing

Finance

Human Resources

Operations and Logistics

Information Technology

Systems

International Trade and Business

Consumer Behavior

Risk Management

Entrepreneurship and many other.

The part-time and Executive PGDM are for those who are working executives and want to take up the course to further enhance their working skills. The part-time, distance and online learning programs are flexible whereas the Executive PGDM is strictly designed keeping the working people in mind.

These specialized PGDM Programs help one in assessing whether they are willing to continue to work in their field of interest. The curriculum of the courses is such that the person learns to deal with all situations. A manager needs to be able to motivate and guide his subordinates and should respect his superiors. Apart from imparting the basic know-how of the business world they also teach these things which are crucial to an organization.

Admission to a top-PGDM course can be obtained by appearing for the necessary entrance exams. Once the student clears the entrance tests he/she has to undergo a Group Discussion and Personal Interview after which he/she is selected and enrolled for final admission. The admission to the Top B Schools is sought by taking exams like the CAT, XAT, GMAT, NMET, MAT amongst others.

Once a student has successfully completed the PGDM Course he or she can apply for lucrative job opening which are offered. The PGDM Course boosts confidence and instills certain traits that are very important in the business world. One also becomes aware of certain latent skills and abilities that the program draws out during the course.

Completing your education world with a PGDM before stepping into the corporate world is the best thing in the competitive and demanding business environment today.

 

Coaching Services for the Business World

The coaching services in the business world are referred to as executive coaching services. Executive coaching marked its existence ever since the first manager produced the first successful team. It revolves around inculcating various talents and skills among the executives, by training and coaching them via new challenging ideas and possibilities. It helps them to develop and grow with the organization. There are several coaching services that provide the executives with the ability to communicate effectively and motivate and establish a relationship with the team. These are remarkable traits that bring out innate values of every individual. The business coaching service is new to the corporate world and it facilitates behavioral and psychological changes in the executives, enhancing their managerial skills. Owing to the increasing demands and pressures of the modern business environment, the demand of executive coaching is also rising.


Types of coaching services for the corporate world:


There are various coaching services that contribute to the development of the business world. They are as follows:


Coaching services to improve skills: Coaching service for the development of skills is designed to enable the executives to learn certain abilities and provide them with several perspectives, concerning management and relationship coordination. These services provide the executives with the ability to handle the new responsibilities, with the implementation of innovative tactics. In addition, it helps refine the existing proficiency of the employees.


Coaching services for overall development: These coaching services aim at enhancing the competencies of the individuals working in the corporate world. The service helps an individual to identify his hidden talents and modify them, according to the needs of the new profile and the crucial challenges that come along with it. In addition to this, it involves refining their speaking and listening skills, cultivating strategic planning, enhancing their time management skills and encouraging participation among subordinates. It not only trains executives to handle newer profiles, by broadening their technical know how, but also enables them to cultivate their interpersonal competence.


Coaching services to enhance performance: Personal ability and the feedback received from the group, combines to form the parameters to evaluate the performance of an executive. Being conversant with the essential technical or academic skills is not enough to execute the work assigned. You need to maintain a positive rapport with teammates and other staff within the organization. Performance is not evaluated on an individual basis, but also the overall performance of the team. Team spirit, rate of work completion and the collective effort of the team, form the key factors that determine the effectiveness of the employees and that of the organization.


Behavioral coaching services: More often than not, when an employee starts climbing the corporate ladder he is often considered arrogant by team members. This perception necessitates the executives to be brave enough to tackle the unnecessary criticism and win over the confidence and support of their colleagues. It is important to build a favorable rapport and assure the employees of their loyalty. These executives need behavioral coaching, to help them plan effective strategies to win over their subordinate staff. It calls for a considerable amount of emotional and mental capability to handle new challenging responsibilities. The program revolves around communication and effective leadership skills.


Transformational coaching services: The transformational coaching services are more personal in their approach, as compared to other coaching services. It analyzes the behavioral aspects of the trainees that hinder their effectiveness. It also evaluates the current behavioral patterns and abilities of employees and designs methodical strategy to improve them at the same time. The coach determines the limiting behavior pattern of the employee and formulates a plan to overcome the drawbacks in an effective manner.

Strategic & technological change in the contemporary business world?

In the contemporary business world only thing that seems to be constant is change and the nature of the competition is such that companies need to leverage on the way they manage change to gain a competitive advantage. Moreover, the types of changes the companies experience vary in nature as well, for instance, as industries consolidate, there are increasing number of mergers and acquisitions, the pressures on organisation to compete in a more global arena are leading to different competitive pressures and more strategic alliances

Furthermore, rapid technological changes are forcing organisations to embrace new technologies and change the way they work and interface with suppliers and customers (Balogun and Hailey, 2004). However, the phenomenon is not new and has seen a series of management fads like cultural change programs, total quality management, business process re-engineering etc. Unfortunately most of the change programs launched within the organisations are below par, evident in the figure of around 70% failure (Balogun and Hailey, 2004). Hence, strategic change is becoming a highly sought after managerial competence.

Moreover, the change management process is highly complicated and there is no fixed norm that could be followed. However, like most other areas in management experts have proposed models for organisational change vis-a-vis Lewin’s model of change, the planning model, the action research model and the integrative planning model (Harigopal, 2006). These models cover various aspects of the change management process enabling planned change; however, one facet of the process that has emerged in recent times of increasing globalisation is that of organisational culture

The role of cultural awareness has become rather significant, be it international mergers, acquisitions or just internal business process changes. There has been a barrage of literature detailing the ways of diagnosing cultural changes and assessing cultural risk in managing change and aligning strategy and culture with the intended change. Along with managing cultural diversity during change processes, it has become a standard practice for organisations to publish its core values defining its organisational culture along with its mission statements on their websites and financial statements.
Be it the construction industry or an Aerospace organisation strategic change is attracting an increased attention from the management. Especially the extent of involvement of the people and stakeholders in the process of strategic has been under a constant debate. There are organisations like the Brazilian Semco, where people decide their own targets and managers their own salaries, which has redefined strategic change and involvement of people (Crainer, 1999). The bottom line is that strategic management has many facets and is developing into an area which will receive a lot of management attention.

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Grow your wholesale business by entering in international trade

A wholesale business becomes successful when it realizes the need of growth and expansion to survive in a highly competitive environment. When a wholesale business captures a local market and further expansion is not possible, wholesalers prefer to capture the international markets to grow further. With a few risks involved in going international, its advantages are many. Wholesalers open up new horizons for themselves by entering into bigger markets and sell their products to a large number of suppliers, customers or retailers.  Some of the reasons or benefits which force wholesalers to enter in international trade in order to grow are discussed below.

 

Sales or increase in profit is a major sign of growth for any business. Without sales a business is nothing. When a wholesale business goes international, monetary benefits in terms of increase in revenue and profits are attained and sales potential of the wholesale products increases. These profits or gains can be utilized in the business for further expansion of the business. Competition on local level as well as on international level increases which increases the quality of your wholesale products. Local producers constantly improve the quality of their products as their competition is now with the international wholesale products. This competition builds curiosity in a business to grow further.

 

Wholesale business grows when it serves international markets by ensuring large production because production is carried on to meet the demands of the local suppliers, retailers etc as well as the international people. Large scale production brings economies of scale to the business which reduces the cost of production and increases the profit margins. By this increased production, incomes of the people increase and their living standards improve.

 

When your social circle increases, your business relations improve. Good business relations develop your credibility and help to grow your business. International wholesale business builds closer ties between the two countries. These relationships help to bring more business to you. Your business grows with the use of latest technology you use in it. Your international relations help to bring advance technology at lower rates in your business and push it to grow by providing quality products.

 

One of the greatest things is that gaining more market share brings more business to the wholesalers. When wholesale business goes international market share increases and it gives volume to your business. Wholesalers can get the merchandise at the lower rates by making comparative analysis of the local or international wholesale suppliers. This facilitates to improve the profit margins.

 

Hence you can grow your wholesale business by entering into international trade as it on one hand brings the benefits of diversifying your investment which reduces the risks and on the other hand increases the profit and wholesalers should know that increase in the profit is the biggest sign of growth.

Exporters Awaiting Sops From Interim Foreign Trade Policy

Small and medium exporting units in India may soon heave a sigh of relief once the much-awaited interim foreign trade policy is announced this month. The export sector has pinned its hopes on the interim foreign trade policy.

It feels that the policy would help the exporting units strengthen their position in the global contracting market. The sector is now eagerly hoping that its issues are addressed and demands are met by the government.

Exporters are positive that the government would offer benefits and extend sops and tax incentives to help the sector mitigate the impact of the financial crisis.

The impending interim foreign trade policy is expected to include measures that would simplify procedures and cut down transaction costs for exporters and importers in India.

These moves are likely to ease the burden on the small and medium enterprises (SMEs) that are facing fierce competition in the export-import business. Moreover, measures like extending the time limit for meeting export obligations against duty-free imports of machinery and raw materials, and allowing revalidation of expired licences are also on the anvil.

The announcement of such policies can help revive the export sector, which is perhaps going through its worst crisis.

Though the interest rate subvention scheme was extended for the export sector in India last week during the interim budget announcement, SME exporters sought additional sops from the government.

Exporters are hopeful that the government will not disappoint them and consider their demands this time around. They are expecting interim foreign trade policy of 2009 to include benefits under duty reimbursement schemes and steps that would reduce the average export obligation of exporters.

A delinking of grant of benefit under the duty entitlement pass book (DEPB) scheme is another incentive which the export segment can expect from the interim foreign trade policy.

Though the government may not offer more fiscal sops to exporters, by implementing some procedural simplifications and incorporating crucial measures, it can certainly make the going easier for them during these tough times.

How to Effectively Hire a Ghost Writer in today’s busy world

In today’s busy world, whether your business is large or small, it is easy to become over whelmed with day-to-day tasks. Suddenly you realize that you need to update your web presence content or you need to have a processes and procedures manual on-hand in case of key personnel being out. It just becomes too much to handle! Or perhaps you need to produce articles to promote your business, but writing simply isn’t your forte. What do you do? It’s simple; hire a ghostwriter to assist you in performing your writing tasks.

Professional, well-qualified ghost writers can be contacted via any number of freelance project posting sites such as www.guru.com or www.elance.com , and others. These freelance project posting sites permit a buyer who needs writing projects completed, while maintaining all rights to the material upon payment, to post a project description and allow “Work for Hire” freelance writers to bid on your project. You can set the time length during which bidding is permitted and even request samples of the writers’ work for review.

When posting a freelance writing project for bid on any project posting site, you should strive to communicate facts clearly so that service providers can bid accurately on your project.

u Establish exactly what length, in number of words or pages, you are requesting to be written for you.

u Define exactly the content and purpose of your requested project. Some examples of content types are web content, search engine optimized web content, magazine article, resume, processes and procedures manual, how-to report, ebook, or white paper. The type of writer that will bid on one type of job may not be well suited to another type of project.

u Define format requirement. These requirements include exactly what format you want the data should be delivered to you as a final product such as MS Word, plain text, or rich text format.

u Determine precisely the deadline for delivery of your final products. If you have an exact need date for your material, state that date in your project description. Those writers who can not meet your deadline will simply not waste your time reading their bids.

u Communicate any other requirements. You may want content to have bulleted points, or to have margins of 1.5 inches on every side. Any requirements that you desire in your final product should be stated in your project description. Most freelance writers, upon accepting your project award, copy your exact project description into their information files to ensure they are working to your specifications.

The online freelance project posting systems allow you to review the portfolios of the writers who are members of that system. You can select based on criteria such as previous feedback, length of time on the system and other factors to view a selection of service providers’ information. You can then select a few service providers which appear to fit your needs and invite them to bid on your project, if you wish.

Keep in mind when reviewing service providers’ feedback reports that no one makes everyone happy all of the time. If a 5.0 is a perfect rating and a writer has over 20 projects on which they have received feedback, you can expect at least one client to have not given even an exceptional writer a perfect score. Be realistic and look for service providers with a feedback rating near the top as well as those at the top of the ratings.

Once bids have been placed on your project, review those bids. It is wise to identify which service providers bidding on the project included in their response your exact project requirements. If you stated that you desire 30 articles written and the bid stated the provider will write 15 articles for you, it is clear that they did not read the project description. That kind of inattention to detail when bidding can indicate a general lack of attention and your project deserves to be treated with care. A good service provider will tell you in their bid exactly what services they will provide for how much money and within what timeframe. If those key items are not contained in the bid, move on and review the ones that have clearly responded to your request.

If you request samples of work from the service providers bidding on your project, you can expect to receive anywhere from one to two articles per bid to as many as ten articles attached to bids. Read at least one sample from each bid to learn about that writer’s style and tone. If the sample style fits with what you have in mind and their bid reflected care and precision in bidding, you should add that writer to your “short list”.

As soon as you have honed the respondents down to three or four bids that are from reliable providers, choose based on price and turnaround time that best suits your personal needs. There are many, many wonderful freelance writers working in the global marketplace of the Internet today. Let them relieve you from some of your job stress by writing documentation and content for you!

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