Author: <span class="vcard">Adnon Wink</span>

Ways to Enjoy Your Work

WORK FOR YOURSELF

The second factor that plays an important role in your enjoyment of work is to Work for Yourself or become your own boss.

If I would have to give you the number one reason to work for yourself, it would be that you would have more freedom and flexibility in your life, as you could create your own working hours and have more time to enjoy other things outside of work.

DIFFERENCE

The third factor of enjoying your work is to truly make a Difference to people’s lives with your work. How many businesses out there truly make a positive difference to people?

Maybe McDonald’s is one of them? (Just Kidding)

Whether or not you work for yourself for someone else, try to find something that you can actually see that you are making a positive difference to people’s lives.

For example helping people grow their businesses, become happier, live healthier lives and so on.

BALANCE

The fourth factor to enjoy your work is to find Balance between your work and your free time. Learn to find your optimal working times and conditions.

If you’re working too hard and for long hours, you’re probably too stressed to enjoy your work, but not only that, it’s affecting the time outside of your work too.

In this scenario try to cut down your working time (provided you work for yourself) while maintaining the quality of your work and accomplishing what needs to be done within allocated time periods.


Find Funding For Startup

Consider Your Niche

If your idea has something special, you may find it easier to get funding. As a matter of fact, there are grants that are given to specific business ideas only. So, if you have a solid idea, you may find it easier to apply for a grant.

You can also gain another benefit if you define your niche. As you apply for funding, make sure you summarize your niche in a few words. This will help you set your business apart from your competition.

Look For a Grant

As far as looking for funding goes, the best thing is a grant. You can get money free of charge and this money can lift your business. The fact of the matter is that locating and getting the grant is a hard nut to crack. But if you don’t try, you won’t be able to get the required money.

Actually, grants are based on the demographics and the business theme. For instance, grants are given for women, minority business owners and so on. So, if you want to apply, all you have to do is clean your keyboard and begin typing.

Go For a Contest

Entering a contest is another way of getting funds for your business. For instance, the Amazon Web Services Start-up Challenges offers rewards on an annual basis. In the same way, MIT also offers a considerable amount of rewards.

If you want to increase your chances of getting success in these contests, we suggest that you look for ways to make yourself more prominent.

Crowdfund Your Idea

If you want to get funds for your startup, we suggest that you check out sites, such as Indiegogo and Kickstarter. Over the past few years, Crowdfunding has increased in popularity and has got immense attention from businesses as well as investors. And this popularity has resulted in an increase in competition. So, if you can make your business stand out from the crowd, you can achieve success and beat the competition.

Take a Loan

If you have a small business to run, you can apply for a loan. You can choose from different specialized options, such as loans and microloans. If you don’t want to get a bank loan, this option is an ideal one.

But if you have made your mind to get a bank loan, you may want to have the maximum amount of details about your business. In other words, you have to let the provider know how you will pay the loan back. Ideally, it’s a good idea to try a community-based bank first.


Mistakes Entrepreneurs Make At The Outset

Crafting the strategy needs time and thought, so the owner must be patient and learn to filter the many unsolicited voices telling her how she can make money quickly. I cannot state enough how crucial it is to develop a simple strategy for the startup. This simple strategy will be the guide to carrying out the owner’s mission or purpose for doing business.

Harvard professor and author Michael Porter, says strategy must be unique. He goes on to mention that strategy:

  • by consensus is bad strategy
  • is not compromise; it’s clarity
  • is about choices
  • needs a set of uniqueness to help to differentiate you from the competition

Porter then adds that less than 25% of companies have a clear strategy.

Strategy doesn’t have to be embedded in many pages, it can and should be plain and simple.

In his 1985 book, Innovation and Entrepreneurship, the late management guru Peter Drucker (1909-2005) said entrepreneurs create something new, something different and have unique characteristics. He said McDonald’s exemplified entrepreneurship; “they didn’t invent anything any decent American restaurant hadn’t produced hamburgers for years.” Drucker continued, McDonald’s asked:

What is value to the customer?” Then they standardized the product, designed processes, and tools, drastically upgraded yields, and created a new market and a new customer.

Drucker said McDonald’s carried out entrepreneurship. Whether the entrepreneur is an existing large institution, or an individual starting her business single-handedly, the same entrepreneurship’s principles apply. “The rules are pretty much the same, the things that work and those that don’t are pretty much the same, and so are the kinds of innovation and where to look for them.”

The start-up owner often does not spend enough time finding out the value to the customer of her product or service. Neither does she spend adequate time developing and testing her strategy. Instead, she focuses on making a fast buck. That’s why it’s crucial the owner does the following:

  1. Spends time understanding who are the customers
  2. Identifies needs and wants, real and perceived, and target markets
  3. Decides how to fulfill those needs consistently and at a high standard
  4. Be patient and focus on the long-term. Research shows that family owned businesses are more successful than non family owned businesses because the former take a long view when making decisions.

Other things owners are doing wrong include:

  • Listening to too many people with divergent views about the business
  • Trying to “save” money by not getting needed resources to produce consistently high-quality goods and services
  • Not taking enough time to raise adequate funds in the “proper” form. Often, they take loans from family and friends without stating clearly risks involved and repayment terms.


Business Skills

Patience

In entrepreneurship, it cannot be doubted that patience is key. You need to have patience and understand that entrepreneurship is a journey that can’t be completed in a single day.

Tenacity

Tenacity, or as referred to in other terms, persistence is a skill that is necessary for entrepreneurship success. Sometimes things don’t go your way and you’ll need to keep on pushing.

Empathy

Entrepreneurs are problem solvers. The only way you can ever be motivated to keep on fighting in order to help solve a person’s problem is if you see it as your own, which is why empathy is so important.

Leadership

At one point or the other, as an entrepreneur, you are going to be required to lead which makes having this skill a must. You will have to be able to influence and help people move towards a certain direction.

Management

Management is key to being a successful entrepreneur. Every business has objectives and for people to meet those objectives, they have to be managed which makes it a key skill to have.

Innovation

An important skill. Great companies innovate and if your aim is to build a company that will someday be ranked among the world’s best, it is a vital skill to have.

Focus

Entrepreneurs live in the moment, which means they are focused. Focus is a key skill because by being focus as an entrepreneur, You will get more done.


Business Process Consulting

Have Clear Lines of Responsibility

In the high performance business culture, everyone knows what his or her role and function are. They are defined within the constraints of the strategic agenda and the direction of the business.

Having control mechanisms in place, such as documented position descriptions and standard operating procedures, for instance, ensures consistency in communication and feedback.

These mechanisms also provide a means of coordinating multiple initiatives and tasks, in terms of objectives and measures, consistent with resources and capabilities of the strategic agenda.

Razor Sharp Focus

Everyone knows what the goals and objectives are, in keeping with the strategic vision that must be aspired to. This is because they are clearly defined and spelled out. This can be done very simply and elegantly – in fact, the simpler the better.

Having a Small Business Plan that is aligned and cascades into the company’s functional areas and into its individual work plans will ensure that the vision of the business is communicated in concrete, achievable and measurable terms.

Highly Motivated People

Successful businesses are full of committed and dedicated people. All of the people in such businesses exhibit a high drive for self-improvement and achievement, both at the personal and the corporate level.

Such business environments create a high-trust and winning culture. Activities are focused on the “cause of the business”. Creating such a developmental culture is essential in the high performance business.

Decision Making Happens Where the Action Is

In highly successful businesses, everyone leaves “ego” at the door. Work is about getting the job done and getting results.

This means having a common approach to understanding what is going on. It means people are able to make decisions where they are within the business. This type of on the ground decision making occurs within the boundary conditions of the Mission, Vision and Values of the business, and within the company’s Strategic Agenda.

Conversely, highly centralized decision making environments slow down the flow of information. This results in ineffective decision making and an inability to act quickly in response to opportunities or threats to the business. Information, particularly new information, is the life blood of a successful small business.

Get Rid of the Politics

Company politics slows you down. The successful, adaptive business minimizes political interference, by having undertaken business policy development. It also adopts common approaches to decision making and conflict resolution, through having clearly articulated processes, procedures and measures.

The political factor is minimized by having these elements in place and through paying careful attention to the other six factors outlined in this article.

Of course, you will never completely eliminate this element from corporate life, but you can manage it and sideline it to a large extent.


Protect Your eBusiness

For example, SSL would be of no use, if the organization is in a habit of sending mails from different departments. The virus scan technology can only prove to be effective, if you regularly update the virus scanner. This is because, time and again, new viruses are found to threaten the computers. Hence, you should ensure that the PROCESS involved in the security system is carried out effectively to meet the security needs of your organization.

There should be a distinct classification of responsibility for different security areas of your business. These areas include:

  • Firewall policies
  • Backup procedures
  • Virus control procedures
  • Disaster recovery procedures
  • Password procedures
  • System access levels and authorization procedures
  • Other traditional security areas

Unavoidable Security Measures For e-Businesses

  • When the sever consoles are idle, lock them with passwords. This will make the systems inaccessible to others.
  • Passwords should be such that they cannot be guessed easily. Moreover, change your passwords at regular intervals.
  • All your network systems as well as web servers should be located at places that are safe.
  • Redundancy systems should be present not only for network systems, but also for air conditioning and other power systems.
  • Source code procedure, process for detecting defects, and other such testing procedures should be in proper working condition.
  • Get a “professional hacker” to try out your web application to spot any loophole in your web program.

Other Security Measures

There are other security measures such as hidden urls, cryptography, identity based controls, authentication single sign on, and others that may be installed to limit access to information.

However, security is a dynamic thing. Hackers develop new ways to attack. Each time this is done, a new security measure has to be devised. As far as internet is concerned, it is difficult to provide 100 per cent security here, as the very idea of internet was to offer an unrestricted way of interaction.


Training Employees Within Budget

Businesses can conduct a needs analysis to correctly ascertain which areas their employees need training as well as try to shop for the most economical training available in that area. They have to have a clear perception of how they will benefit from the training, how to make sure that the employees implement the new techniques they have learnt and to make sure that with constant monitoring the employees significantly improve the businesses growth and sales.

Opt for individual training if only one employee needs brushing up on certain aspects such as leadership qualities etc.

Try web-based training, browsing sites that deal with the relevant topic, using CDs that can be economical as well as used to teach many employees. Several sites help teach people free of cost too, providing relevant information as well as guidelines regarding your area of work.

Try tele-classes, where in employees need not go physically to attend the classes and need not hinder the daily activities of the business as these classes are usually of just an hour’s duration. Groups can be taught using this method and the employees need to invest just a few hours a day to learn.

Conducting mini workshops can be also economical, where instructors teach them for a few hours a day for a short duration of time.

Try organizing a weekly session where teams can discuss topics relating their work such as latest books and new techniques and workout a plan to implement the new ideas effectively.

Try to make it fun as well as informal by getting to appoint those who have been trained to teach others where by they will both benefit as well as the company.

When an effort is made, small businesses will indeed find ways to ensure that training employees on a budget can be done effectively and economically. Shop round and get the best courses available at the lowest prices.


Marketing Personal Business

  • Business Cards: Business cards are one of the most important and easiest ways to market your business. These can be very helpful when first starting your business because these can be put in local businesses. Business cards can always be handed out as well; whether it is passing them out at an event or just overhearing conversations and passing them out.
  • Website: Having a website for your business can really help with promoting. The website can be used to put information about your business on. Your can also put information on your website about what your business does, and how much you might charge. You can also put your biography on your business website so that people can get your know you and what your background might be. Having a way for customers to get to know you is always nice and it makes them feel a lot more comfortable with you before they might use your bunnies.
  • Blog: A blog on your website or having the link to your blog on your website is good. Customers like to have a place where they can communicate with you, or a place where they can communicate with each other about your product. The blog can help bring you more business as well especially if there are some really great reviews on it. Customers enjoy reading feedback from other customers.
  • Articles: Writing articles about your business and giving advice about things you have learned in your business can help customers learn what it is that you do. This might also help your business grow and spread the word about what you do and what your business might be able to help them with. You can also put the article link on your website so that is they see your website they might also be able to find your article or articles that you have had published.
  • Facebook and/or Tweeter: Facebook and Tweeter can either help or hurt your business. Both Facebook and Tweeter are networking sites, and each have a different way of reaching out to people. They both can help you get to know people and people get to know you. If you use both of these they allow you to put information about your business on them and people can follow you to learn more about you and your business. Although both of these can really help your business they can also hurt your business. These sites can be a huge distraction for you. If you put too much time into them you might see that they don’t bring the results you were hoping for. They can also be hurtful if someone writes something or posts something inappropriate about you or your business; you could really be affected by that.

When reading and following these tips about marketing you should try to at least apply two of the five to your business. The results that you might get from these tips will help your business to really take off.


Social Media and Personal Business

Giving your online business a social angle, you will need to create profiles of your business on some of the most popular social media (SM) platforms, such as Facebook, Twitter, Digg, and LinkedIn. It will take a little study to see where the intended audience of your business can be found, so take the time to study the different platforms!

  • Use Social Media to create and foster relationships with your customers. People are more likely to trust a personal business if it has a face, and it’s extremely easy to show your company logo — and a good shot of you, the owner — on your SM profiles.
  • The benefits of a good SM presence are tremendous. Your customers will be more likely to buy from you again, since you have established that all-important element of trust. It will also give you some special insight on your market’s needs — often better than what Google could ever give you.
  • The time to establish your SM presence is now. Facebook and Twitter are two of the biggest SM platforms today, and Digg and LinkedIn are growing at a very fast pace, as well. And yes, it’s only going to be a bigger, more integral part of everyday life as time marches on.

Let’s face it — without a social angle, your personal business is losing customers and missing out on sales! Do yourself a favor and get familiar with social media soon, otherwise you will be left behind — and it will be much, much harder to gain a footing in a market that’s getting more competitive by the day.


Starting A Market Research Company

Detroit opens a lot of opportunities for new businesses to grow. This is because; a lot of world famous companies are based here. It is also a very alluring and profitable destination for doing trade, due to the dedication and sincerity of the local people of this city.

Market research becomes vital, when it comes to form a marketing plan for any business. The business owner, no matter, how small the size of his establishment, wants to find everything he can about his potential customers. He wants to know more about them and their buying potential, ascertaining that his prices are competitive. He wants to make sure that he is able to provide the required products or services, in his area at the required time. This helps him to evolve marketing tools accordingly and offers a clear comparison between him and his professional rivals.

The data obtained by market research is never constant as it evolves with respect to various social and economic factors.

Market research helps you to sell your product or service to people, who need it, thus creating a demand. Putting forward your product in a way that appeals to your customers is also an important role-played by Market research. Market research also helps to identify the existing and possible obstacles involved, at the right time. Hiring the services of a market research company will diminish the risks involved in business by recognizing the prospects of trade.

Market research is an inseparable part of any business. Whether you hire a market research service or not, as a businessman you still do it unknowingly. Making use of a proper service makes your research more organized, innovative, and timely.

Market research proceeds in a pre-defined format of steps. The first step involves identifying the new prospects and problems in product promotion. Based on this, new goals, deadlines and financial plans are formed. The research service company then chooses the procedure and a course of action to carry out the research. Then begins; the process of gathering the information, organizing it and studying it. Putting all this into practical use marks the end of market research cycle. Market research is done on a periodic basis, and the whole cycle is repeated from time to time.