PERSONAL BUSINESS ASSETS AND THEIR USE

The article collects analytical information about the nature and characteristics of profitable use of personal business assets. There are a number of options for earning extra income outside of job spend and outside of your regular job. The article defines the concept and outlined types of personal business assets, considers examples and ways to use them, pays attention to the peculiarities of investing in personal assets for profit. Personal business assets are personally owned resources that can potentially generate income. The significant difference between income from job and income from personal assets is that the personal asset brings income with minimal or even no direct labour participation of the owner of the asset. Personal business assets are essentially the same resources that can perform some function to generate cash income. Personal cash savings that are kept at home are not a personal business asset. This money, in addition to not generating income, also reduces its value almost daily due to inflation. From a business point of view, the concept of assets and liabilities is fundamental to achieving financial well-being. The article uses the ideas and suggestions of the American businessman Robert Toru Kiyosaki because he is considered one of the modern well-known theorists on business assets. Almost everything can be a personal business asset: movable and immovable property that can be rented for other people; enterprise as a passive business; internet sites that generate revenue from conversions; securities, deposit accounts that generate income in the form of interest; licenses and intellectual property rights under which the owner receives payments for use (royalties) or sells the license in full; receiving income from foreign exchange transactions in the Forex market. Investments in real assets can serve as a way to save equity. Most often, investments are made in gold or real estate, which will save money from inflation for a long time and can bring in rental income, as well as collectibles, but here it is important to know in this area and understand how profitable the investment is.

How servant leadership creates and accumulates social capital personally owned in hotel firms

Purpose This paper aims to test whether servant leaders lead followers to socially interact more frequently, closely and personally with peers, and if this social interaction links servant leaders with employees’ personal social capital, both in terms of bonding (networks linking employees of a similar kind) and bridging (networks linking agents of different kinds). Design/methodology/approach Data were collected from 403 employees from 59 large Spanish hotels. Structural equation modeling was used to test the hypotheses. Findings The results reveal that servant leadership has a positive effect on bonding and bridging, which is mediated by employees’ social interactions with peers inside and outside their groups, respectively. Research limitations/implications The findings suggest that hotel managers should adopt servant leadership to facilitate social interactions at work, thus allowing employees to individually gain personal assets that improve the hotel’s social capital resources. Originality/value This is the first study to analyze whether servant leadership shapes personal social capital in business settings. Moreover, it is the first to show the mechanisms (social interactions with peers inside and outside their groups) through which managerial servant leadership encourages this valuable personal asset in hotels.