Category: Personal Business

Fear of Becoming an Entrepreneur

THE VISION CONCEPT

Having a Vision of how you want to live your life as an entrepreneur is a powerful concept. Creating a vision first starts with realising what you really want your life to be like in the future. You will start to focus on the thing that is driving you, and this will be a big part of your Courage and Motivation to take the leap into entrepreneurship.

Creating a vision will not only drive you to achieve what you want, but your fear of achieving it will start to naturally fade away because there is no stopping you if you have a powerful vision backing you up.

THE BELIEF CONCEPT

Having a strong Belief goes hand in hand with your vision. You can have a great vision, but if you don’t Really believe in it, you can’t be an entrepreneur.

To really believe in something means that you will continue to pursue your belief no matter what struggles you will face to get there, and even more importantly no matter who tells you that it can’t be done or it’s not possible.

A strong belief will not get rid of your fear completely, but it will allow … Read the rest


Effective is Personalized Business in the United States Culture

  • Personalized business gives you the opportunity to be your own boss. You do not need to follow the instructions of others and to kill your instinct. With job and government services you have to do whatever you are told, whether it is right or wrong. In business you can take your own decisions.
  • Another advantage of personalized merchandise is that you can show your creativity and can contribute in the development of society. You can put what is there in your mind in your work. You can do wonders with your imagination and creativity, by putting your thoughts into your business.
  • Personalized kids products like music CD and DVDs, school bags, water bottles, clothes, shoes and watch, personalized business products like stationary items such as pen, pencil, furniture, etc. are very popular in the United States. It gives a personal touch to all the products and makes it exclusive. These exclusive products can melt anyone and business becomes easy. You can attract your clients by gifting personalized gifts to them.
  • Personalized merchandise has one more advantage that makes it popular among the citizens of the United States. US government charge lower taxes to small businesses. This gives the small businesses
Read the rest

Qualities Of A Successful Entrepreneur

Unwavering passion

In my opinion, being an entrepreneur demands commitment and dedication. If you are mildly passionate about your products or services, you will not succeed. When you start a business, there will be many challenges. You will face a lot of highs and lows. You will have to find something that keeps you motivated to work in order to build true wealth for yourself.

Open-mindedness

Successful entrepreneurs are open-minded people. They are constantly trying to learn new things from new people. They are not afraid to ask for help and they are flexible. Successful entrepreneurs are also able to soak up the best practices used from other people like a sponge. The fear of failure can make it easy to hold onto your vision with tight grip.

The desire to become an expert

Successful entrepreneurs like challenges. If they did not, they would probably choose another line of work. When you spend many years in the same industry, you will eventually know everything about it. Knowing what has been done before can help you recognize how to move forward. In the mean time, I suggest that you build relationships with people, so you can gain some support when you … Read the rest


Entrepreneurial Leadership

After emptying the contents, he straps on a rocket, puts wheels on his feet, and lays down railroad tracks along the road the Road Runner is going to come down. He dons his helmet and waits eagerly. Without hesitation, the Road Runner appears in a flash and stops and gives his customary greeting – “Beep Beep.” And, off he goes. The coyote, ready to pounce, lights his rocket and bends into position and the fuse goes out. It is a dud! As he stands up in complete frustration and takes off his helmet, WHAM! He is hit by a train coming down his tracks. Who is the conductor? Beep Beep! That’s right, his nemesis, the Road Runner.

I always laugh to myself. But, it also reminds me what Will Rogers said, “It’s not enough to be on the right track. You’ll get run over if you just sit there.” Many entrepreneurs feel this reality when they are beginning their businesses. The question is often asked, “How do I get my business off the ground?” The truth is, after finally quitting your job, and launching out after your dream, it is not enough to just get started. If you can’t get … Read the rest


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,

Read the rest

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
Read the rest

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
Read the rest

Challenges for a Startup Entrepreneur to Overcome

Communication

Most solutions to leadership challenges are hidden in simple communication and strong relationships with the employees of a company. So try to keep the lines of communication open always with your team leaders, even if you have already hired the people who believe in you, are equally passionate about your goals, and are ready to put in as much hard work as you are putting through. A communication with strong emphasis on your vision will bring comfort not only between you and your business team leaders but also in the entire company as a whole.

And you will get an added bonus. As your team leaders also serve the front line of your business, they can have an impression on happy clients. This way, your organization becomes trustworthy, which eventually translates into long-term customers.

Competition

Competition is one of the biggest challenges that all the startups face, especially in industries dominated by reputed, established brands. The main thing is to find a niche market, not yet saturated by other enterprises with the same products. If there is another company offering the similar products, you should start thinking out of the box to get an edge over your competitors. This … Read the rest


Pleasure of Possessing Personal Business

  • The requirements: You will obviously need a computer and an Internet connection, at the very least. You can help yourself by designating a specific room or corner of the house only for work, so that none of the time you spend building your home-based business gets wasted.
  • The benefits: When you are running your own online personal business, you are free to set your own working hours, fees, and payment terms. But that doesn’t mean you can get lazy — most online business owners may need to spend up to 12 hours of day forming their businesses if they hope to eventually make any amount of money!
  • The scope of online work today: There is an ever-increasing demand for web designers, virtual assistants, writers, graphic designers, and software designers. But if you want your home-based business to sell products instead of services, then you will have to dig deep and find products that people are actually looking for (but can not find anywhere) and provide them.

Many people have made their fortunes on the Internet, but do not go thinking that it’s gonna be a cakewalk. The key is to keep studying the intricacies of an Internet business and … Read the rest


Reimagine the Purpose of Business

That’s what impact is all about, having a vision not just for yourself, but also for others, for what you can contribute to making the world a better place. impact is the harmonious blend of your personal interests and your contributions to others that increases your financial performance right along with your influence.

To reimagine the purpose of your business, consider what impact you want to have with your business. Look at that impact from a high level. Condense it into a single statement so that it can serve as a beacon for your business. Here’s an example:

Left Coast Naturals is a B-corp that manufactures and distributes organic and natural foods. They operate with a triple bottom line philosophy (people, planet, and profit) and see an opportunity to have a positive impact on society with business. Their vision statement, in this case aligned with their Impact Purpose, is: “To be an inspiration to society and a force for positive change.” So even though their products are foods, and their tasks are manufacturing and distribution, their Impact Purpose is on a higher, broader, and deeper level.

For you, this can be a process of multiple iterations, so be prepared to

Read the rest