The Root Cause for Failed Entrepreneurs
The Root Cause for Failed Entrepreneurs
Is there such a thing as failed entrepreneurs?
Whenever people picture businessmen they usually see them swimming in cash and not as a collage of failed entrepreneurs shaking their head for their losses and bankruptcy issues. The truth is that there are a lot of failed entrepreneurs among the big time successful businessmen and the only reason why people do not see them is because they haven?t broken through the surface yet.
Failure means you are one step closer to ONLINE MARKETING Entrepreneurial Success!
Because of their failure they haven?t been caught in the public radar. Why do these businessmen fail? They may have some of the best ideas and strong potential to make a mark in the market yet they still they falter and collapse. What is the root cause for this and how can failure be avoided?
Several reasons why there are failed entrepreneurs:
There are five main reasons why failed entrepreneurs exist. All of them reflect both the impact of the entrepreneur?s approach to the market and the economy?s approach to the entrepreneur?s strategy affects his or her opportunity to succeed or fail. Here is a brief rundown on all five of these reasons and how each one of them can be avoided or prevented.
Where one entrepreneur fails another succeeds.
They fail because they do not maintain their momentum
Consider this quick example. Say for example one businessman decides to start a restaurant. Within the first few weeks he notices that cash flow is not entirely consistent and that his profits are low. Because he did not achieve the amount of profits expected he takes the assumption that there is no profit available for that kind of business in that area and thus quits the business in search of something else. The truth is that even professional businessmen with a lot of experience and knowledge in handling or managing trades of their expertise will not see immediate results for the first few months or even years.
Give up and die.
Albert Einstein himself had stated that the key to success is to sustain a strong level of focus. By sticking to the plan for a long period of time one will notice the incremental improvements until they become mainstream spikes of success. The only way to see improvement and income is to hold the momentum and to avoid quitting just because the business started bad.
They fail because wealth is their motivation
Businessmen have the obligation to create commercial products that are beneficial to others. They thrive to create new products that will help others and make life better, easier and affordable. When a person focuses on wealth instead of creating something well-designed and special they generally fail and they fail horribly.
Sex is so much better when you?re passionate right? Get passionate about your entrepreneurial business and it will ROCK!
Failed entrepreneurs see the money before they see the task at hand. They day dream of success, money, and how or where they will spend all that money yet they did not take the time and effort to day dream about making a quality product that people will like or purchase. They key is to follow passion and serve it with the intention to satisfy the consumers instead of chasing money and being survival-driven. If you take a look at all the people listed in the richest people on Earth you will see they are all driven by passion and customer satisfaction.
Failed entrepreneurs lack competent knowledge
Just like all fields of expertise, businessmen need to have competent knowledge in the field they want to market if they want to be able to earn significant profits. Say for example that a businessman wants to open a recording studio and earn cash by charging musical artists to rehearse and record their music at his studio, it is important he has sufficient knowledge on how the local music scene works, who are the rising stars and who they look up to, and he has to have sufficient knowledge in the current software and musical equipment.
He needs to have the ear to listen to different notes and beats to hear improvements over mistakes in a song and to identify what will sell and what will not. If he does not have even the basic knowledge he will just be a source of cash walking blindly, hoping or pretending that his decisions will hit the jackpot.
Shortsightedness or the inability to hold a vision of the future
Businessmen cannot just look into the profits of this day alone. It is important for them to be able to look forward, to look beyond the present and to look forward to where their current decisions will take them. There is no point in investing in a business that is only designed to return profits for today or for this month or this year.
Open your mind, heart and soul and rise to the top.
There is no insight to the future or to opportunities and possibilities of future investments. Say for example that the business does sell well and profits return. Once the month or the year is over and the trends change, because of the lack of vision, the business is not prepared and has nowhere else to go. Because of this profits will decrease until the entrepreneur starts to encounter losses and quits.
Holding the responsibility to him or herself
This is by far one of the biggest reasons why there are failed entrepreneurs. Some people feel like they are the only ones good enough to make important decisions in their business. They feel like others will only make irreversible mistakes that will ruin everything they have planned. These are the entrepreneurs that will take all of the work for his self. By going solo they will immediately be burdened with all the responsibility they need to undertake until it becomes too much for them to handle.
If you screwed up ADMIT IT!
This insecurity will eventually lead to these entrepreneurs to fail. They will not be able to meet deadlines because they had tried to do everything on their own.
These are but five of the main reasons why there are failed entrepreneurs today. Their responsibility is to focus on passion, to create beneficial products that consumers will like, and they have to be trained and knowledgeable in their field of choice. They must not quit, they must try to split to the responsibility between their management team and to look well into the future. Only then will they find success.
Passionate Entrepreneurs Rise Straight to the top. You ready to ride?
Each of the entrepreneurs discussed below are running astonishing ventures that took a lot of hard work and sacrifice to build. Even though most of these entrepreneurs are quite private and new in the public eye the information compiled about them is accurate not to mention quite unbelievable.
Mark Zuckerberg launched Facebook in 2004 on his third year at Harvard and since then, Facebook now boasts over 800 million users. He is the currently the world?s youngest billionaire and the most successful entrepreneur in this list. He is valued nearly $100 billion and is expected to make at least half of that in his upcoming IPO. He is the first entrepreneur in this list to build a public company. Zuckerberg has made great changes to how people interact and broken down social walls that previously divided people.
Custom Design Online Internet Marketing will never be the same.
He is one of the most successful albeit private entrepreneurs in the world today. Aged at just 29 years old and worth $800 million, he is the founder and social commercial leader of LivingSocial. LivingSocial is group buying program that calls for people and their willing friends to save close to 90% daily at their favorite spas, restaurants, hotels, sporting events and several other local attractions in all the major cities. LivingSocial currently has more than 85million users and the company has so far spent nearly $353million in acquisitions.
Naveen Selvadural and Dennis Crowley
Naveen together with his business partner Crowley are responsible for creating Foursquare when they were just 28 years old. The website initially was meant to help people explore New York City. However, Foursquare has today become the leader in location based networking and has assisted numerous startups with similar model. The company has 15 million users and is worth $600 million.
Brian Chesky, Joe Gebbia, and Nathan Blecharczyk
Brian Chesky (29), Joe Gebbia (29) and Nathan Blecharczyk (28) together combined their skills and talents to come up with AirBnB. AirBnB is an online website that tries to match people seeking short-term accommodation and vacation rentals with property owners who are not professional hoteliers but have rooms to rent out. The company was founded in 2008 and by July 2011 the company was worth $120 million. This was an extremely amazing feat especially since the founders started out by renting an air mattress in their flat to get capital to start their company. Today the company had over 100,000 listings in 186 countries.
Internet Marketers Extraordinaire!
Drew Houston and ArashFerdowsi
In 2007 Drew (28) created a demo of a service that would allow people to have all their important files anywhere without the need for email attachments of USB storage devices. He took his idea to his friend Arash (25) an MIT student who immediately dropped out of school to create what is now known as Dropbox.
Today, Dropbox is worth $257 million and has 25million users who save over a million files in their system every 5 minutes.
Nick Friedman & Omar Soliman
In the summer of 2002 Nick (27) and Omar (27) started a junk collection and removal business as a way to earn some extra income during college. The business ?creatively? named College Hunks Hauling Junk immediately boomed and now has over 38 franchises and 654 employees and is worth over $10 million. In August 2011 the duo sold their company and are now enjoying their millions and making TV appearances.
They got it going on!
Jennifer Carter Fleiss
Jennifer (27) is the founder of Rent the Runway which is a membership-based online service that rents out high-end designer clothes and accessories on a four or eight day basis. The website was founded by 2 Harvard School graduates, Jennifer Carter Fleiss and Jennifer Hyman in November 2009. The website offers over twenty five thousand accessories and dresses from 165 top designers like Calvin Klein BadgleyMischka, and Vera Wang. The website boasts over 1.5 million users and is worth close to $30 million.
Kaufman (24) is the youngest of the entrepreneurs featured in this list. He is the founder and CEO of Quirky an industrial design company. It is however unique from other design companies in that it uses crowdsourcing to determine which products to design. The company gets ideas via its website where members get to vote on their favorite designs as well as make orders. The inventor then gets 30% of any resulting revenue from his design. By end of last year, Kaufman was valued at $23.5million.
Would be nice to ride his coat-tails wouldn?t it?
SiamakTaghaddos, David Hauser
Grasshopper formerly GotVMail is a company founded by two entrepreneurs, SiamakTaghaddos and David Hauser both aged 29. It was created in 2003 to make it easier for other entrepreneurs to start and grow their business. Since then the company has helped over 100,000 entreprenuers and it now has a staff of 45. The business is today worth $15 million.
Freshii originally Lettuce Eatery was formed by Matthew Corrin(27) in Toronto, in early 2005. When the store first opened, it was met by a huge queue of hungry customers such that all their food ran out before the end of lunch of the first day. Corrin?s vision was to serve fast, fresh food which has been custom-built with the goal of environmentally sustainable healthy meals served rapidly in a clean environment for breakfast, brunch, lunch and dinner.
Now, they employ over 500 people, in 35 stores, spanning across 4 countries.
Every success begins with a thought!
Mullenweg (28) is the brain behind WordPress a platform that has enabled millions to blog daily. Matt invented WordPress in 2003 through his software services company Automattic. In addition Automattic runs several additional Web services, including IntenseDebate, Akismet, After the Deadline ,Gravatar, Polldaddy, WordPress VIP Hosting and VideoPress. Currently WordPress has 20million blogs posted on it. Mullenweg can afford to work at home since he is worth over $30.6 million.
Aged at only 29, he is the founder of RadiumOne, a social mediacurrency platform. RadiumOne was founded in 2009 and went on to make $12million the same year. Before he created RadiumOne, Gurbaksh had already created and sold off two ad networks, one for forty million dollars and the second for 300 million dollars. He started out as an entrepreneur when he was very young and is therefore not surprising to believe that he now heads up RadiumOne worth over $33.5 million. RadiumOne is also an ad network whose purpose is to connect advertisers with over two billion consumers accessing the internet via personal computers and or mobile devices.
Seems as if social media makes the world go round these days!
Top young entrepreneurs stories
Top young entrepreneurs stories
There are numerous young entrepreneurs stories that show how very young entrepreneurs managed to become successful. Below are 10 top young entrepreneur stories of 2011
The top story of all young entrepreneurs stories is about AdoraSvitak a 13 year old literary giant. She caught headlines as the youngest author having written two books before she celebrated her 13th birthday. She is also known for her perfect public speaking skills which earned her admiration worldwide at a tender age of 13. She has spoken in over 400 schools worldwide and also presented during congrences such as the annual TED conference. AdoraSvitak ranks first among all other young entrepreneurs stories having been the youngest entrepreneur to be featured on CNN and Good morning America. She is among the youngest and most eloquent people in the world a title she has earned easily during her public speaking forums. The most amazing thing about Adora is how she has turned her talent into a business and earned money from it.
Savannah Britt, 16
Savannah Britt comes in second as the youngest successful magazine publisher in the world. Savannah published her first magazine publication called Girlpez at the tender age of 15. Her magazine became successful in featuring events such a fashion shows, concerts and interviews of famous individuals such as Shwayze, Kevin Rudolf among other famous individuals. She features among the young entrepreneurs stories for having successfully become the youngest magazine publisher. She has also shown her entrepreneurship skills by successfully opening a website for her magazine dubbed Girlpez.com that has enjoyed tremendous viewership and success. She however didn?t enjoy success from the start because at the age of eight, she was already a published poet for a new jersey newspaper called Kitchen Table news that later went under leaving her unemployed at the tender age of 11. Her success with her current magazine showcases how consistent young entrepreneurs should be.
And she?s only 16???
Philip Hartman, 16
Philip Hartman grabs the number three spot on young entrepreneurs stories because of his invention that earned him the coveted title of Young Inventor of the Year in 2008. At the tender age of 13, Philip Hartman invented a system for fusing fiber optics. Since then he turned his invention into a business and managed to become a successful entrepreneur at a very young age. Philip has been inventing since and his latest invention is a machine that emits steam during winter onto the windshield of a car. His invention is capable of totally defrosting a car?s windshield in a mere 15 seconds.
Alex Fraiser, 17
Alex Fraiser is known for being the world?s youngest successful blogger. He partnered with Seth Waite, an older business partner to launch a successful website theme made from Blogussion?s unique style. The theme became successful immediately. Alex Fraiser enjoys a ranking that is just under 20,000 making Blogussion the highest ranked blog made by a 16 year old blogger. Alex?s story is among the top young entrepreneurs stories because of his ability to turn blogging into a successful business at a tender age of 16. Today he enjoys ad revenue among other revenue from his blog products making him very successful according to any blogger?s standards.
FarrhadAcidwalla is the youngest and most successful Indian entrepreneur. At the age of 16, Farrhad had already launched a cutting edge company called Rockstah Media that offered web development, advertisement, marketing and branding services. The company is among the most successful companies in India to be started by a 16 year old. Rockstah Media boasts of having a huge client base, a fully fledged developer?s team, designer?s team and a team of market strategists worldwide just after two years of operation.
Boy do they make ?em smart!
Mark Bao, 18
Mark Bao makes it in the list of young entrepreneurs stories because at 17 years old, Mark has already opened 11 successful companies and 3 foundations. All his 11 companies were web based companies. He showcased his entrepreneurship skills by selling three of his companies and making some money out of this. Mark Bao is known for some of his famous projects such as TickrTalk, Ramamia Foundation, Avecora and Classleaf. Avecora is a technology network that is scheduled to be launched in 2013. He features among the most successful young entrepreneurs because of his young and ambitious business mind that made him rich before he turned 18 years old.
Stanley Tang, 18
Stanley Tang is well known for publishing a successful book known as eMillions in 2008 that became an instant best seller in Amazons best seller list. At the tender age of 14 Stanley Tang became the world?s youngest bestselling author. His story is highly ranked among the young entrepreneurs stories because Stanley Tang managed to be a bestselling author before he graduated from high schools. He also made money selling his book at Amazon which shows how good his entrepreneurship skills were at a very young age.
Adam Horwitz, 18
Adam Horwitz story is also ranked in the top young entrepreneurs stories due to his successful money making skills at a tender age of 17. Horwitz is known for being the youngest ever entrepreneur to make a total of $1.5 Million in just three days.
Follow this guys lead and you are in GREAT shape!
His famous online project dubbed mobile monopoly earned him $1.5 Million in three days setting affiliate marketing records worldwide. He is an admirable young entrepreneur who has learnt from his numerous mistakes and uses his online experience to teach people on ways of making money online. He has entrepreneurship courses such as cell phone treasure and tycoon cash flow that have earned him over $200,000.
King Sidharth, 19
King Sidharth is among the youngest and most famous outlaw entrepreneurs. He features among top young entrepreneurs stories for being a speaker, magazine publisher and an author. King entrepreneurship skills have made him successful because before he turned 18, he had already sold numerous magazines, books and also spoken in many forums worldwide. He is currently organizing a teenage conference called Createens that will help young aspiring entrepreneurs to learn about various entrepreneurship opportunities online such as blogging, eBook making, and web design e.t.c. from experts around the world. King is considered an outlaw entrepreneur because he will stop at nothing to become successful.
This just goes to show that anything is possible. If you think it you CAN make it happen. Use these fantastic online marketing tools to fill your brain. Apply what you know and develop your website bigger and better than everyone else.
You do believe it will happen don?t you?
Steps on how to write a business plan:
Steps on how to write a business plan:
Most businesses fail due to lack or direction or simply because they don?t have a business plan in place. A business plan is a detailed written document that outlines how a given business will achieve its goals or objectives. A business plan contains a written plan on important areas of a new or existing business such as marketing, finance, operations etc. In a nutshell, a business plan not only helps entrepreneurs to have a clear vision for their business but it can also be used to secure funding from investors or financial institutions.
If you are looking for ways on how to write a business plan, then here are several steps to get you started right away.
Write an executive summary
This is the first section of a business plan; an executive summary should ideally be written last even though it is usually listed first. An executive summary essentially provide a brief overview of all the sections contained in the business plan. An executive summary should be brief, concise and exciting; otherwise it will bore the readers or investors.
Planning first = Success Later
Write the business description
Though it appears second on a business plan outline, writing a business or company description is usually the first section written when preparing business plan. Writing a business description involves writing about the background of the business and the general history and evolution of the business idea. A concise business description will generally contain information such as; Business name, date established, mission and vision statement, products and services, legal structure, target market revenue projections, etc.
Products or services
This section simply outlines what products or services you plan on introducing in the market or the ones you currently have in the market. This section show cases all the features and benefits of your products or services. The section also provides an analysis of your product features and benefits compared to your competitor offerings. When writing about products and services one should try his level best to describe his business or company products in the best light possible. The section should ideally try to bring out the uniqueness of the products or services and why they represent value for money. Demonstrate the unique selling proposition (USP) of your products or services, as this information is very important to investors, that is if you plan on seeking funding for your business.
Know your product inside out and BACKWARDS!
Write a marketing plan
A marketing plan is a usually detailed section with lots of information touching on the target market, product positioning, growth projections, competitor analysis, marketing trends etc. A marketing plan essentially describes how your products or services will be offered in the market. A marketing plan will touch on how your product or service will be; branded, packaged, priced, distributed, promoted etc. in a nutshell this section touches on the market analysis as well as the marketing strategy to be used. When writing a business plan start with the market analysis and then describe the marketing strategies that you will not only use to push or sell your products or services but also to establish your brand in the market place.
Write operational plan
An operational plan section in your business plan describes how you plan to produce or avail your products or services to the end user or customer. If you will use manufacturing, then it is important to provide flow charts showing the whole manufacturing process. If you deal with services explain or show how the services will be delivered to customers. An operation plan will also provide information on how the business will be run, showing vital in information such as production schedules, hours of operation, office location, agreement with suppliers and partners, patents etc. When writing an operation plan write concise information on how the day to day operations will be run.
Write an organizational plan
An organization plan is usually written after an operation plan. The section outlines who the management teams are and their duties or designation. The section also highlights the management teams? education, qualification and experience. It includes the Resumes or CVs together with the expected compensation plan.
Get organized and you WILL make money!
An organization plan provides how your company is structured from the company ownership to major shareholders. If you operate as sole proprietor or you are in a partnership then it?s also important to describe how you will manage the business including the roles of your staff or partners.
Write a financial plan
A financial plan essentially provides detailed information about the financial part of the business. A financial plan basically comprises information such as the balance sheet, cash flow statement, income statement, break even analysis, cash management report etc.
The plan basically presents in a nutshell the current financial situation as well as the future financial projections. Bear in mind that a financial plan is one of the most important sections in a business plan that most investors pay most of their attention. It is therefore important to give conservative financial estimates instead of providing inflated profit margins or figures.
This is the last section of a business plan that contains supporting or additional information such as; marketing research findings, resumes, financial estimates, references, photos, charts, marketing material ,statistics and all other supporting information for the content contained in the business plan
A business plan is a living document and as such should be updated regularly to reflect changes in your business. An updated business plan will save entrepreneurs lots of time and money as there will be no need to write a new business plan every time changes take place in a given enterprise. Another obvious advantage of updating your business plan is that the document will continue to provide new strategic directions ensuring your business succeeds going forward
If you are planning to draft or write a business plan then be sure to conduct thorough research or else the document will not serve any purpose. A stellar or a well written business plan will not only enable you secure funding but will also provide a clear roadmap for the success of your business.
New entrepreneur ideas for 2012
New entrepreneur ideas for 2012
One Step Ahead of the Crowd
Act Fast and Succeed
The Global economy continues to improve in 2013 and there are a number of new entrepreneur ideas that are bound to dominate this year. Below are some of the best business ideas to watch out for in 2013. The ideas are based on research, recent data and evidence which suggest high possibilities in terms of growth in those fields and also opportunities in starting new businesses.
You getting excited yet?
Get Passionate ? Make Money
There is an increasing need for freelancers worldwide in the internet today. Most people don?t look at freelancing as a business idea although there is a high demand for freelancers. Freelancing is therefore bound to continue being among the dominant new entrepreneur ideas as companies continue to outsource jobs instead of doing them in-house.
Find your specialty and get to work!
Setting up a freelancing company online will continue to be a good business idea as more and more freelance projects continue to come up. Among the new entrepreneur ideas in freelancing that one can venture in include social networking jobs.
Build your worth and get paid good money for your time!
Other freelancing jobs include: data entry, data processing, academic writing, search engine optimization and web search among other freelancing jobs. Freelancing jobs especially from social networks such as application development and software programming are paying suitable hourly rates that range from $30 onwards.
Is this your thing?
Two Languages ROCK!
The need for translators is increasing as the world continues to become a global village. As marketplaces worldwide become increasingly interconnected, there continues to be a need for increased cross-cultural communication which for the last decade has greatly increased the demand for translators.
The demand is there!
The increasing need for translators and interpreters has been triggered by broadening international ties. Many non?English speaking people are increasing their ties with English speakers. This is creating more demand for translators and interpreters. Translator jobs are therefore among the new entrepreneur ideas that are bound to continue being lucrative in 2013.
Employee monitoring is also among the new entrepreneur ideas increasingly becoming popular. As employees become increasingly mobile, employers have begun to appreciate the importance of monitoring them. Mobile workers are increasing in large numbers and statistics indicate that there will be over one billion mobile workers by year 2015.
ARE YOU A GOOD BABYSITTER?
Employers of mobile workers should therefore be on the verge of using employee monitoring services in order to track what their employees are doing. Examples of such monitoring services include exact time which provides a mobile time clock for monitoring employees. Any new entrepreneur ideas looking to tap into the monitoring services sector should therefore consider employee monitoring because there is increasing demand for the service.
Traveling salons are also among the new entrepreneur ideas to watch out for in 2013. This is because there are an increasing number of baby boomers more than ever before. Mobile salons have become increasingly necessary as customers become busier. Most people prefer mobile salons today more because they travel to the customers? residences.
Make sure you have a fantastic Website Designer to display your talents. And a qualified Search Engine Optimization and Keyword writer to maximize your effectiveness.
Raise the bar and reap the rewards!
This ensures that customers can get their hair or nails done without having to make trips to a salon. The service is increasing in popularity especially among aging baby boomers and senior citizens. The growing demand for traveling salons is therefore among the excellent new entrepreneur ideas of 2013.
Vending machine business has been around for a long time. There is however a new breed of vending machines increasing in demand. As people become more time strapped and health conscious, people are increasingly looking for quick food alternatives that are healthier than chips and sodas in vending machines.
We love convenience ? need I say more?
This has resulted in a new crop of vending machine companies that are unique, health oriented and specialized. Health food vending machines are therefore among the new entrepreneur ideas that will dominate in 2012 especially in the health and fitness industry. There are vending companies that have enjoyed success for instance fresh vending which has been successful in putting up vending machines in offices, schools and public places.
Smartphones have dominated the mobile phone market for the past few years. There is however a shortage of Smartphone repair services worldwide. Most people who have problems with their Smartphones face challenges getting qualified individuals to fix them.
OMG! Talk about unlimited opportunity! Get headed in the right direction today!
Those who are successful in getting their Smartphones fixed however end up spending too much money. Opening a Smartphone repair service is therefore among the new entrepreneur ideas that are bound to be popular in 2012 as people become increasingly dependent to their Smartphones.
With the increasing use of websites, apps and e-commerce, testing businesses have become lucrative online businesses. Testing business is among the new entrepreneur ideas that are becoming essential when doing business online.
CALLING ALL GUINEA PIGS!
It is becoming increasingly necessary for businesses to test their software, apps and websites as competition in the internet increases. Examples of companies doing well in testing business include SOASTA which offers cloud testing services to its clients. There is room for growth in this market even for individuals as many upcoming companies making apps, games and software are looking for freelance testers because they are offering cheaper testing services. Specialized testing is thus bound to be among the lucrative new entrepreneur ideas of 2012.
Numerous companies that cut back on their support staff during recession have become reluctant in terms of rehiring even though there is work to be done. Business services companies have therefore become increasingly popular and among the new entrepreneur ideas that provide solutions to companies facing rehiring difficulties.
Hire here and forget it!
This has therefore created business opportunities for individuals providing marketing, healthcare management, human resources among any other services that business need in running their day to day operations. There is particularly higher demand for services such as finance, marketing and human resources. Business services are therefore among the new entrepreneur ideas that are bound to dominate in 2012.
Mobile consulting is also among the popular upcoming business trends of 2012. Most businesses are finding ways of integrating mobile phones in their ways of doing business such as reaching customers and providing extra services. Businesses are going out of their way to find out ways of going mobile. If you can be able to set up a mobile consulting firm that gives businesses affordable mobile solutions, then mobile consulting is among the new entrepreneur ideas that you should be venture into.
Inspirational Entrepreneur Quotes from Famous Entreprenuers
Below are some of the motivational quotes from all the famous and successful entrepreneurs which are meant to serve as an inspiration to all those planning to get into the entrepreneurial field or for those entrepreneurs looking for that highly essential aspiration to succeed.
Mary Kay Ash, the founder and CEO of Mary Kay Cosmetics
When you reach an obstacle, turn it into an opportunity. You have the choice. You can overcome and be a winner, or you can allow it to overcome you and be a loser. The choice is yours and yours alone. Refuse to throw in the towel. Go that extra mile that failures refuse to travel. It is far better to be exhausted from success than to be rested from failure.
Make your product easier to buy than your competition, or you will find your customers buying from them, not you.
Ben Bernanke, American Economist and Chairman of the Federal Reserve
Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow. Flexible and efficient markets for labor and capital, an entrepreneurial tradition, and a general willingness to tolerate and even embrace technological and economic change all contribute to this resiliency.
Carlos Slim Helu, World’s Richest Man
I’ve always said that the better off you are, the more responsibility you have for helping others. Just as I think it’s important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.
Coming together is a beginning. Keeping together is progress. Working together is success ?
Roy Ash Entrepreneur and Founder of Litton Industries
An entrepreneur tends to bite off a little more than he can chew hoping he’ll quickly learn how to chew it.
Richard Branson, founder of Virgin Enterprises
Business opportunities are like buses, there’s always another one coming.”
I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs, but many don’t have the opportunity to find that out.
Nolan Bushnell, founder of Atari and Chuck E. Cheese’s
The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today, the true entrepreneur is a doer, not a dreamer.
Most new jobs won’t come from our biggest employers. They will come from our smallest. We’ve got to do everything we can to make entrepreneurial dreams a reality.
Michael Gerber – Entrepreneurs – Work – BusinessThe entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look. The entrepreneur in us is more concerned with discriminating between opportunities than he or she is with failing to see the opportunities.
2. The entrepreneur is not really interested in doing the work; he is interested in creating the way the company operates. In that regard, the entrepreneur is an inventor. He or she loves to invent, but does not love to manufacture or sell or distribute what he or she invents.
Tell the world what you intend to do, but first show it.
Peter F. Drucker, “The Father of Modern Management Entrepreneurship is neither a science nor an art. It is a practice.
2. Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced. Entrepreneurs need to search purposefully for the sources of innovation, the changes and their symptoms that indicate opportunities for successful innovation. And they need to know and to apply the principles of successful innovation.
Bill Gates, founder of Microsoft Corporation We were young, but we had good advice and good ideas and lots of enthusiasm.
2. Our success has really been based on partnerships from the very beginning.
Victor Kiam, Remington electric shavers
Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets.
He is popular for his “I liked it so much, I bought the company” advertisements.
Bill Rancic, winner of “The Apprentice”
1. If it really was a no-brainer to make it on your own in business there’d be millions of no-brained, harebrained, and otherwise dubiously brained individuals quitting their day jobs and hanging out their own shingles. Nobody would be left to round out the workforce and execute the business plan.
2. The cover-your-butt mentality of the workplace will get you only so far. The follow-your-gut mentality of the entrepreneur has the potential to take you anywhere you want to go or run you right out of business–but it’s a whole lot more fun, don’t you think?
Anita Roddick, Entrepreneurial founder of The Body Shop
Nobody talks about entrepreneurship as survival, but that’s exactly what it is and what nurtures creative thinking. Running that first shop taught me business is not financial science; it’s about trading: buying and selling.I have always found that my view of success has been iconoclastic: success to me is not about money or status or fame, its about finding a livelihood that brings me joy and self-sufficiency and a sense of contributing to the world.”
Donald Trump, Entertainment and Real Estate mogul
Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.
Madam C.J. Walker, America’s first black female millionaire and creator of African American Hair Care Products
I had to make my own living and my own opportunity! But I made it! Don’t sit down and wait for the opportunities to come. Get up and make them!
China entrepreneurship problems
NEWSFLASH! China entrepreneurship problems
CHINA ISN?T BLACK AND WHITE
Issues Spoil Entrepreneur?s DREAM
IN THE BEGINNING . . .
Most people argue that China will become the next global economic leader. This argument may be valid in regards to how each and every country is doing business with China. Most multinational companies are for instance shifting operations to China because of cheap and readily available labor.
I?m sure you?ve spotted this cheap labor issue in the news. Huge companies which I won?t mention for fear of getting sued, have been called out on taking this sort of cost cutting measure to inhumane extremes!
China is also rising to the occasion as being a global leader through events such as the 2008 Beijing Olympics that showcased China?s revamped urban venues and landscapes. Currently, China?s currency is also enjoying rising demand as a safe haven currency because of the current ongoing debt crisis in Europe and America. The U.S. and Europe have been struggling for the past few years due to the effects of the 2007 economic crisis and the recent debt crisis. China seems to be the only country enjoying prodigious growth rates currently despite the economic downturn. This has convinced many countries that the only thing standing between China and global economic leadership is time.
Fair comment wouldn?t you say?
China entrepreneurship obstacles
Barriers are the window of opportunity
Will Current Growth Rates Plummet?
Some economists are skeptical about China?s ability to become a global leader due to a number of valid factors. China critics are skeptical about China becoming a global leader because of china?s aging population, income inequality, poor urban migrants, corruption and the current ongoing property bubble among other problems. These are a few of the many reasons that critics believe will stop China from being able to maintain its current high growth rates to become the next global economic leader. There are therefore many problems that China entrepreneurs are facing that have to be tackled if China is going to become the next Global economic leader.
1. Middle income trap
IMBALANCE TRIGGERS ISSUES
Growth Needs Sources
China entrepreneurship problems include its middle income trap. China enjoys competitive advantage in terms of having the most labor intensive industries worldwide. This trend may however be short-lived because the number of middle income individuals is shrinking and not being compensated with things such as new innovation growth sources. This is a real problem facing China entrepreneurs. Which needs to be solved by creating conducive environments for providing the necessary bottom-up dynamism needed for continued entrepreneurship growth. For instance, China entrepreneurs need to be given grants that enhance their property protection and also greatly increase their access to capital.
IT TAKES GUTS TO BECOME AN ENTREPRENEUR! And the support needs to be there financially in order to help beginners feel confident in their choice and business!
Call it a little handholding if you will. Will give you the confidence to make it happen don?t you think?
YOU GET WHAT YOU PAY FOR ? RIGHT?
CHEAP Reputation = Disaster
China has an enormous potential due to a number of factors such as its large population that provides cheap and readily available market. This makes China a favorable trading partner due to cost, convenience and accessibility. Many manufacturing companies are increasingly shifting manufacturing business to China because currently it is the cheapest manufacturing country.
Cost is however a major problem for China because China entrepreneurs are flooding the market with very cheap and substandard goods that in most cases are not appealing to mainstream market expectations in terms of performance, durability and quality among other factors. This has resulted in many consumers branding China as a favorable manufacturer only for the lower end consumer. This is a real problem for China entrepreneurs as engaging in disruptive business has destroyed innovation and eliminated any possibilities of creating a long-term value for Chinese companies.
CHINA CAN recover from this self-created label but they are going to have to turn the tables quickly and start luring in HIGH QUALITY businesses so that entrepreneurs see fit to develop their businesses here.
It is doable right?
3. Promoting dynamism and consumption
CATCH-22 IN ACTION!
Finger Pointed at Yuan
Another problem facing China is promoting dynamism and consumption. This is because promoting consumption and dynamism is costly when considering short term goals. The value of the Chinese Yuan is a problem standing between consumption and dynamism.
For instance, China has the option of allowing the Yuan to rise in value in order to lessen the dependency of the Yuan towards the dollar. This will allows for a faster transition however it harms exports which are a major part of China?s economic strength. If exports are harmed this would in turn lead to widespread unemployment and social unrest which would in turn eliminate any possibilities of China becoming the next global economic leader.
A MOUTHUL TO SWALLOW BUT FACT NONETHELESS!
Can they do if for entrepreneurial sake?
Borrowing Issues Stump Entrepreneurs
Lower the Bar ? Increase Success
China entrepreneurs also face a lending challenge. For instance, China?s lending rates are too high to encourage entrepreneurs to lend. China also has unfavorable policies for fighting inflation which have greatly hurt both the small and medium sized banks in terms of their ability to lend to willing China entrepreneurs.
OUCH- THAT HURTS!
Even though inflation fears may be easing there is still need for some limited stimulus to be able to encourage more lending to both small and large, companies. Lending problems are therefore real to China entrepreneurs. The large state owned or backed companies are another obstacle. This is because the Chinese government provides most of these companies with capped interest rates and among other favorable lending terms.
THE GOVERNMENT CONTROLS!
For instance, the government has poor lending systems that unduly favor some borrowers over others. CHEATING! Which has resulted in poorly financed projects. Most of the government backed/owned companies were initially formed just to create employment and not to make profit. Although they receive a huge share of the lending capital that private entrepreneurs should be enjoying. Lending challenges are therefore making it increasingly difficult for China to be able to move its economy forward.
The problems are pretty straight forward. Think China is willing to face them?
To Sum Up
All?s Well That Ends Well ? Right?
In summary, China entrepreneurs are bound to face challenges such as a slowing economy as a result of diminishing economic developments. Diminishing economic developments are then likely to foster other factors favoring disruption in terms of continued growth. Instead of China forging ahead towards being the new global economic leader, the problems above if not addressed will result in China opting to approach economic leadership from another approach that will be at the expense of China entrepreneurs and innovators.
A DEFINITE NO-GO!
By China slowing its productivity China can focus on how to improve the management of state-owned enterprises. Instead of tackling short-term dynamism and consumption goals. It is also better for China entrepreneurs to be focused on creating business environments that flourish in the long-term than pursue short-term improvements. It important to note that some China entrepreneurs have benefited from top down capitalism.
BUT THEY ARE THE EXCEPTION TO THE RULE.
If China wants to become the next global economic powerhouse. The future of China?s economic growth potential depends on how China will be able to suppress or unleash its disruptive entrepreneurs.
Kinda of like they are stuffing all their perfectly good entrepreneurial talent into a closet and locking the door. And selectively reaching in every once in awhile to pull a few out. Making sure none of the other unleashed talents slip through too.
Is it just me or is this really messed up royally?
Make Money Online through Business from Home Opportunity Work
Make Money Online through Business from Home Opportunity Work
Got Kids? Make Money
Stop Whining and Just Do IT!
In the recent times, the global economy has shrunk resulting in massive job cuts. The effect is increased unemployment. However, the growth of internet as a global marketing platform for companies has seen increased need for quality and optimized articles.
In order to ensure companies and businesses are visible on search engines, they are paying good money for quality articles. This has prompted majority of unemployed individuals to begin working as freelancers. Furthermore, there are considerable numbers of people who have quit their permanent jobs to pursue career as freelancers. In freelance, individuals run their businesses from home, giving them an opportunity to work at their considerable time.
The major requirements to begin working from home include a computer and internet connectivity.
The major benefit of freelancing is the ability to look for work from different regions of the world. You can live in one part of the world and work for a company in another part of the world. Furthermore, you decide your working hours. Therefore, you can be able to run a business during the day and work part-time. The other convenience is the number of jobs that you can undertake while working online. It is actually possible to find companies hiring freelance managers required to work on a specific project. The other benefit of freelance working is attaining financial freedom. Majority of the most successful business people make thousands of dollars from business from home opportunity work.
Any good Web Design Services team understands the Internet has opened a gynormous door to opportunity! Learn it all yourself and succeed beyond your wildest imagination in business!
To get you going and motivated to work as a freelance, you should read stories and opinions of some of the youngest freelance millionaires. The jobs available for freelance writers range from skilled to menial jobs that are simple for most to undertake. The lists of jobs you can perform online are extensive however, this article will enlighten you on some of the best and well paying business from home opportunity work.
The Popular Business from Home Opportunity Work
Awesome When Done Right!
Writing is one of the easiest tasks you can undertake online as long as you have a good grasp of required language. Any person can undertake the job as long as they understand well the assignment language. It is also easy to find writing jobs. Writing jobs come in broad categories.
The common writing jobs include:
Search Engine Optimization
Content writing (check out www.highqualitywriting.com )
Product review writing
But don?t kid yourself. If you are not passionate you will not be a great writer.
If you do not research and invest time and money in your writer skills to make you better, you will fall short of your potential.
Freelance writing jobs come in several forms. You can find writing assignments that pay upfront or pay shared revenue. In upfront payment jobs, you are paid immediately the client accepts your assignment. Shared revenue on the other hand comes in two formats.
If you are willing to do the time you can make writing happily lucrative!
And if it?s not for you that?s okay. You can hire our expert SEO/KEYWORD writing team to show you a few tricks of the trade!
You can find assignments that pay a percentage of revenue generated from ad sense. You can also find assignments that pay based on the views per page. You can find writing assignments by subscribing to websites that offer the services or by bidding on major bidding websites.
Interesting and Demanding
Perfect for the Technically Savvy
Web designing is the other lucrative and popular business from home opportunity work. Unlike freelance writing, this job is limited to individuals with clear knowledge of website designing. However, the market is diverse as you can look for market globally.
All you need to have is skills on how to create a lovely website and you are ready to start making money. Furthermore, the market is readily available, as individuals needing a web designer prefer working with individuals due to the cost benefit. If you are interested in web designing jobs, you should look for jobs in major bidding sites.
Fine-tune your custom web design skills. If you stand out above the crowd you will WIN!
Ready ? Smile – Click
Photography is another lucrative business from home opportunity work. You can actually find requesters of unique images. The images might be taken or drawn depending on the client requirements.
For images to attract buyers, they need to be creative, unique and communicating something. In most occasions, for individuals to prosper in this line of business, they need to have an in-depth knowledge of image manipulation with major image editors.
The other charming business from home opportunity work is translation job. Internet has changed the way businesses work. It is possible to find a business in an English-speaking country target a French speaking market.
However, in order to capture the market, it needs to translate its information from English to French. The translation jobs are popular with multinational companies, which target different markets. The only requirement that you need to have is knowledge of at least two languages. However, people with knowledge of several languages have high chances of winning several contracts.
If you?ve got it ? USE IT!
If you understand several languages, you can work as an interpreter. The job of translation is slowly gaining popularity in major countries due to the high number of immigrants. It is actually possible to find businesses that require translators. Majority of translation jobs are placed on local websites and magazines.
In the recent times, businesses and corporations have embraced the advantage of research. Most companies before they venture into a new market require market researchers. If you have in-depth knowledge of a certain market and ample researching skills, you can win freelance assignments that pay thousands of dollars.
If researching is your thing ? GO FOR IT!
This is the other popular and lucrative business from home opportunity work. Every business and website wants to sound and appear professional. The work of a proofreader is to ensure the content of the website is grammatically correct.
This is because major search engines deem websites with poor quality articles as inappropriate for ranking. Therefore, to avoid penalization, most websites hire professional proofreaders to ensure the content is up to the search engine standards.
You?ve gotta be fantastic with details. People get pissed fast if you miss something.
In the wake of growing business markets, companies are competing on producing quality and market oriented products. To ensure the products meet the customers? expectations, they undertake surveys to capture the interests and preferences of the market. Online survey is the least difficult business from home opportunity work. However, online surveys pay least and thus, it is not actually possible to make thousands of dollars. Nevertheless, you can make enough money to pay off a few of your bills.
Now get your head on straight and get to work! A Labor of Love right?