In the dynamic and growing business world, with regularly changing modern day trends, it is difficult for a business to keep pace with its contemporaries and amid all competition it is more difficult to start a business from the scratch and take it ahead. You are your own boss but every position comes with responsibility. That may sound fascinating and enticing initially but a great deal of self-discipline, risk management and hard work goes into making things work.
To save yourself from taking commands you have to forego many things which must you to follow the 3 C’s, i.e. CONCENTRATION, CONVICTION & CONSISTENCY!
The journey involves many highs and lows but success comes to very few. But then, there is an island of opportunities in the ocean of tragedies and those who recognize this island well in time, make it big in their lives. Let’s have a quick look at some psychological factors that every startup entrepreneur should keep in mind to make it big in the long-term.
1. Dig in Your Heels, Manage Your Funds Well
Be firm, clear and precise with your goals, have a plan and religiously stick to it. Ambiguity in terms of your goals and motive will hurl you down in long-term in terms of both productivity and performance.
Also, never be bothered by the size of your organization. It’s always good to play safe and go for smaller business loans during the first phase and invest a smaller chunk of investment than taking the extreme risk of making major investments.
2. Be Patient, Flexible & Wisely Calculate Your Risks
Patience is the virtue and requires practice like any other art. For any entrepreneur to be successful a prime factor is patience. Since there is no leader, no boss and no one to bear the brunt of loss for a startup venture, so one needs to be patient and optimistic. Keep the bigger the picture in your mind, be flexible and don’t mind incorporating some changes in the process that can help you succeed!
Also, “No pessimist has ever discovered the secrets of stars or unraveled the mysteries of the past.” Foresight, optimism, and patience will take you miles ahead of your contemporaries.
3. Avoid Being Thin-Skinned; Take Criticism to Your Stride
For your startup to be successful it is important to realize the value of the reviews of your customers and associates. No power point presentation can ever leave an impact on your future investors than the life feedback from your customers and present associates. Positive reviews help to garner your business a good start plus takes the investors out of the dilemma of collaborating with you. If the reviews turn out to be negative, take them in your stride, work harder and realise where you need to work more.
4. Go Easy With Your Partner; Take Your Ego Away
Working with a partner requires a huge amount of sacrifice, understanding, and tolerance. You 2 need to have vested interests and common aims. Then, there should be equivalence and understanding between you 2, there should not be the element of being bossy and dominance per se. You need to take your ego out of the equation, analyze each other’s pros and cons and optimize the results.
5. Entrepreneurship is Social Construction
To some extent, entrepreneurship is about the personal traits of the entrepreneur but that’s not enough. It is about social construction, it is a phenomenon where people react to the circumstances based on the ecosystem they are backed by. This includes family members, colleagues, investors, competitors, etc. The interactions between these bring out the combination you are looking for. Hence nurturing this ecosystem and interacting with it is extremely important!
Not everyone might challenge to take this specific way and thus it’s reasonable for the reason that privately owned small business needs working totally, you need to get the job done excluding give up seven days a week and every hour, you don’t have a place for laziness or just lack of professionalism.
But provided that the rookie businessman figures out what exactly he aims to achieve, perceives the goal clearly and additionally is truly willing to move through non-permanent problems and as well aggrevations which can chase him on the beginning period of the great way to the economic autonomy – the results running a business is almost secured. When someone has not worked for by his own before any venture of constructing private business venture looks like it’s unreal initially. You need to look over quite a lot, mainly business articles to get acquainted with the challenge.
The initial thing to do in business structure creation is most likely the idea. To paraphrase, make sure you decide on the type of activity that’s going to be the key concern for the business. You will discover numerous alternate options to select and each of these has the pros and cons for its own. Also, you ought to properly estimate ones own real financial capabilities upon the stage of small business building concerning the fundamental along with everyday ones for the starting timeframe.
The main thing is not really to assume that the venture will almost certainly pay back and generate financial gain which may handle the day to day payments without delay. This is an most desirable plan but it really comes to pass hardly ever and it’s very much a nice delight than the law. Moreover, for a similar cause you’ll need to be rather cautious concerning lent means for small business expansion considering that important things might go a different way as opposed to what you anticipate which means you risk to get into the lender’s imprisonment. In the end there’ll be the expenses for the workplace renting, workers’ wages, business furniture, devices and additionally marketing small business.
After you have came to the conclusion which kind of undertaking your potential venture can be pre-occupied with and determined your savings resourceswhich you would like to spend straight into the business, you should come up with a detailed business growth plan. You must have it to assist you to properly evaluate the viewpoints of the future organization and get away from not comfortable circumstances, end up being the ceo of unprofitable undertaking with great amount of debts. You can attempt to compose this yourself, looking at a number of business articles, or perhaps trust it to pros, although it would require some extra cash.
When you’ve accomplished it, what exactly is left can be to put into action all of that inside the specific business. Besides the interest as well as desire to do the job you’ll need understanding in a particular field you have chosen. At the least, you’ll need to be competent in the sort of activity of your business enterprise, regardless if it is household devices, professional developing or perhaps legalised services. That it is a “must have” criteria, the owner of the small business ought to know it inside out, into the littlest detail. Exclusive in such a case the results might be guaranteed. Also, you must know the basics of book keeping. Getting a qualified professional financial advisor will not take care of all your complications, personal duty and the duty for what takes place within your small business will still be your personal issue.
All modern internet users will at one time or another need to visit an online classifieds site. The reasons differ because some might want to sell items, products or services whilst others will want to buy. Whatever your reason for needing a classifieds site be sure to know that you will probably find just what you are looking for – and more!
In the past consumers needed to advertise their products in newspapers, or other cumbersome forms of printed media where space was at a premium and came with a commensurate cost. Thankfully, the internet has changed all that so now it is quite affordable for the average person to upload an ad and see if they can find a buyer. The whole process takes only a few mnutes and often costs nothing more than the time you spent uploading an ad. There are also ways to maximise the benefits of your listing by increasing its exposure such as by moving it up in the search results or otherwise making it more prominent.
Internet users have become so used to the online classifieds that these sites are often the most popular in a particular area of geographic region. For instance in South Africa alone there are at least two major classifieds players and these include gumtree and junkmail. In the Cape Area there is “Cape Ads” which appears to be affiliated with Junkmail given that it has a similar logo.
There are surprisingly alternatives to the usual classifieds site that are worth knowing about. Let’s say you were interested in buying or selling real estate and you did not want to use a classifieds interface then there are other options like using a property portal. South Africa has lots of different property portals such as privateproperty.co.za, property24.com and myproperty.co.za to name a few. They all share the common feature that they are specialised sites that allow users to list property by their features and allow users to search for specific region or qualities.
So whatever your reasons for wanting to use a classifieds there is a site out there for you. It pays to do some initial research just to find one that has lots of listings and a decent amount of traffic – after all you don’t want to list your item, or property where no one is going to find it. Once you have made the listing it’s time to sit back and let the classifieds to its work.
When you do get a reply be sure to answer the enquiry accurately and completely. Buyers do not want to be sucked into buying products they don’t need or which don’t meet their personal requirements so honesty here is key.
Look out for where it is that you purchase your vacation package from, make sure it’s from a trusted business and also make sure you make your payment with a credit card in case you need to dispute anything.
With that out of the way, let’s point out the essentials about travelling around the globe on an addressless basis.
Very importantly, travel “fashionably light”. Meaning that you should only take the minimalistic art of clothing with you. Some polyester pants that you can wear on a night out, but also wash and pack really quick, a pair of plain colored tanktops and a nice camera to capture it all. A ziploc bag with your travelling toothbrush and toothpaste and a couple of good books to read.
If you are planning on taking off for a good while, you’ll start noticing that carrying all this stuff around will start taking a toll on you, so it’s a great way to go on a Buy It There basis. And also, don’t buy if you can borrow.
There are a few other items of course you must take with you, but that entirely depends on what you deem essential.
As you keep going and experiencing, make sure you find your way into cheaper deals, negotiating and offering something in return, as people love it when you can get/provide things for them, and they’ll always be happy to respond in kind.
If you try to plan for and carry the necessary items for every contingency, soon you’ll find yourself bringing a flashlight, umbrella, hiking boots, nice clothes to wear to a restaurant, etc. What works best is to allocate around $100 usd for every location you go to, to get the items you need, use, and dispose of later.
Also, go for the lighter weight items to carry with you. Clothes that are not heavy, can dry fast and are wrinkle resistant.
Take a nice but small camera with you. This one is an obvious one, but many people try to take the best camera out there possible, when one that’s not larger than the palm of your hand with a nice 2GB memory card that takes video too, works wonders, and will definitely not regret it.
Memory foam topper have many sizes, it standard sizes has three; queen, king, and twin, moreover memory foam topper also has thickness varies; two, three, or four inches. You can spend your money from $38 to $600 for memory foam topper, depending on your require of thickness and sizes.
Memory foam topper has been developed by NASA back in 1970’s to help the astronaut’s flight chair with something during lift off of the G-forces, pressure point. Nowadays, medical facilities and hospitals using memory foam topper for the patient’s bed since they found memory foam topper worked so well, and after that public used it. The memory foam topper allows absorption of equal weight because it is made from visco-elastic layers, no matter if the person weigh is fifty or ninety, it will be the same.
Memory foam topper has two types, the first one is liquid poured form into trays that allowed to cool, it is called Novaform. Any depression or movement of the mattress foam topper are can be reduced by Novaform, that is why the advertisement of Novaform in television is like there is a person and a glass of wine, the person jump on the bed and the wine never tipped over. The memory foam topper has been consumer’s popular choice. There is a problem with the old one of memory foam toppers, it dispersing body heat. And the new technology used from visco-elastic will increase the airflow that will cause body heat move away. Novaform also has a machine washable feature and warranty.
There will be no area or homeway for dust mites because it has no high humidity area, that is another benefit from memory foam topper. You may already know that those disgusting bugs live on your cells of dead skin. Such reducing from the allergies, problem of respiratory or asthma may caused by that. So this memory foam topper will make you bug free sleep.
There is a competitive manufacturer to Novaform, Sleep Aid. Liquid form foam poured causes memory foam topper to become denser from the bottom to the top, Sleep Aid believed. Vacuum chamber which is produced to ensure its memory foam uniform density has been discovered as a new technique. So Novaform’s chemical makeup and density can still produce hot spots. Heat Reduction Channels System finishing process from Sleep Aid therefore cuts the ventilation grooves deep into the pad surface, and circulating air can keep you feel cooler. If you want to sleep more comfortable, your bedroom’s temperature must not reach more than 65 degrees.
I purchased memory foam topper in 2007 and it was my best choice for my sleep. I wish i will buy a new one sooner, it makes my sleep comfort and i feel stiffness in the morning or back pain no more. I feel like i am in a cocoon, comfortable and warm. But there is one complaints of memory foam topper that makes me keep my bedroom’s temperature much lower, it does absorb your body heat, and to keep the air circulated i am also using a ceiling fan.
Just like another new products, first time you have your memory foam topper, you will smell a chemical thing from the fabrique for a short time. Do not forget to check on the lenght of your memory foam topper, most of them are cut about one to two inches short. This thing allows to fit your sheets better.
For the summary of those article, once again memory foam topper will not allow bed bugs or dust mites to live in it, there will be no more allergy. I recommend memory foam topper for anyone in the hospital, suffering back pain, or on bed rest. I have no idea if i do not have this in my bedroom, i will purchase another of this soon for my family. And for the grandchildrens, they will not be disturbing their parent’s bed during the night if they got a memory foam topper.
An entrepreneur is a person engaged in a business or in the formulation and implementation of an idea and hence reaps full benefits from its success or suffers when it fails.
The word “entrepreneur” is borrowed from the French language and it is believed to have been coined by the celebrated French Economist Jean-Baptiste Say in the year 1800. He defined an entrepreneur as “one who undertakes an enterprise, especially a contractor, acting as an intermediary between capital and labor.”
Essentially, entrepreneurs are those who start a new businesses or ideas and implement it according to the plan until it becomes a success story that can be embraced or copied by others. But are there any personality traits of an entrepreneur or for that matter a successful entrepreneur? Yes, for one to be a successful entrepreneur, he/she must possess certain unique traits that are a prerequisite for the success of the enterprise.
The key personality trait if an enterpreneur is that he must be self-driven and motivated to achieve the utmost in any endeavor he lays his hands on. This motivation should sometimes be to the point of being an obsession. Once he sets goals to be achieved, they must be achieved at any cost.
There is nothing that can be achieved without somebody breaking a sweat. Another important personality trait of an entrepreneur is that he must work hard to realize his goals. Working your socks off and setting your eyes on the prize is the only way to come out successfully as a businessman.
To embrace a business idea and work to implement it to fruition, one has to be a visionary. This is one of the very important personality traits of an entrepreneur. An entrepreneur must be farsighted and creative when laying the groundwork for his idea. This way, he/she focuses on the bigger and overall picture of the idea to be implemented and the vision brings the passion that drives the successful implementation of the initiative.
Another of important personality traits of an entrepreneur is that he has to be a strategist to implement properly an idea that has fermented well in his mind. This involves proper planning and figuring out that everything is in place and is done according to the laid down plan.
Entrepreneurs should be independent minded and always think outside the box. They should not be conformist who will be easily swept to toe the line for the sake of agreeing with conventions but rather self-thinkers who follow personal intuition at the expense of popular opinion.
Achievers are inundated with endless supply of resilience and oozes with commitment to achieve “to whatever it takes” attitude. Sometimes it takes a short time for an idea to be embraced or to sell to the intended clients but at other times, the entrepreneur must wait a little bit longer before the idea is accepted. Thus commitment and resilience are two other must have personality traits of an entrepreneur.
Any engagement has equal chances of succeeding or failing. Entrepreneurs must be risk takers who are aware that their ideas stand to succeed or fail because of reasons that are sometimes beyond their control. The higher the risk, the greater are the benefits. Although entrepreneurs need not take bigger risks as long as they have planned well what they want to do and roll it out as per the laid down plan.
These are the personality traits of an entrepreneur. Most famous and successful entrepreneurs have been found to posses these traits
The most important factor that determines the success of any business venture is visibility. The more visible your brand is, the better your chances of attracting consumers will be. And to increase your visibility, you need to have an effective marketing strategy in place. It is no different in case of online business. In the tech crazy world of today, almost everything is being done online. The online world has opened a vast number of oppurtunities for those who always thought of being an enterpreneur but lacked the finances to do so. Doing an online business requires minimum of capital investment and can give you the maximum results. But as with any other business, you require investment in terms of time while doing it over the internet.
Internet marketing is an essential thing if one is to succeed in the over crowded online market. The most basic and perhaps the most important internet marketing advice which anyone who is a someone will offer you is search engine optimization. Search engine optimization is the technique used while building and promoting a website so that the website gets displayed on the first page of a search engine. A effectively done search engine optimization can give you the essential visibility which all the businesses crave for. Another vital internet marketing advice which has evolved over the last three to four years is the use of social networking websites to market your product or service.
Social networking sites have become a rage over the last couple of years with everybody from celebrities to MNC’s using it as a platform to build their brand. Using social networking sites to build your consumer base is a sure shot way to gain eyeballs. Another foolproof internet marketing advice apart from the social media optimization is the use of discussion forums. Though social networking sites are the evolved form of discussion forums, but there are still a lot of discussion platforms over the internet which have a huge number of active users and visitors per day.
Tapping into this field, by posting related links to your website can help you garner traffic to your website. Apart from all this, the most essential internet marketing advice, which I purposely kept for the end is PATIENCE. It does not matter how much effort you have put into the above mentioned techniques, if you are not patient enough, you won’t bear the fruits of your labor. As they say- “Good things come to those who wait”.
There has never been a better time for the smart internet enterpreneur to make money online. Earning income online is sometimes like shooting fish in a barrel and anyone can take hold of one of the many business opportunities offered ? whether they have a lot of business experience or next to none ? and build a successful residual income business with little or no financial investment.
Owning a business with residual income is offers a huge advantage over one- time only businesses. While for -one time only businesses your profit ends with each sale, with residual income businesses you continue to profit from each sale long after the sale has been made.This is because each sale triggers a series of other profit generating activities with the result that the marketer continues to benefit from a sale long after it was made. Infact the earnings from such sales can continue to accrue even after the business is closed down. The result is that a single sale is worth much more than the initial value.
The most successful internet marketing enterpreneurs have discovered the power of residual income and will not market products that do not offer this benefit. If you desire to earn residual income you”ll be happy to know that using the Internet to do this is surprisingly simple. For instance, if you already owned an online business, all you need to do is joining some of the available affiliate programs that market products with residual income. This is an excellent way to create a separate income stream that requires little or no work from you and boosts the business you are already running. Becoming an affiliate is usually free and all you have to do is place a merchant”s link onto your website.
As visitors or customers click on your website link they are taken to the merchant and when they make a purchase, you get paid. As you become more successful, you will become qualified to be paid not just for sales made through your link but also for a program that will pay you for sending visitors to the merchant”s website, whether they make a purchase or not.
If you are just starting your internet business, success requires a little patience. This is because getting traffic to your site takes some time and does not happen instantly,inspite of claims of instant success by some people. Infact anyone who promises to give you instant internet success has lied to you. True success comes only by spending time, energy and sometimes money to promote your site and optimise it for search engine listings.
It has been found that the best way to consistently make money online is to generate several residual income streams. Little streams eventually become overflowing rivers and a what looks like modest income source when combined with other revenue sources can prove to become a decent online income.
It is better to join reputable affiliate programs and build long term relationships with them rather to hop from merchant to merchant in the hope of quick gain. Residual income works best with consistency, and short term affiliation produces short term income which is very limiting.
When you first start earning money online, consider reinvesting part of it in your business and increasing your share of the daily visitors to the internet. You can do this by adding more products to your website and joining more affiliate programs. Remember,with the huge potential of the internet there”s almost no limit to strength of your web presence and the revenue you can accrue from online residual income.
Jasmin.N. is owner of Infoconnect79.net and writes on a variety of subjects. To learn more about starting your own home based business earning 6 streams of income.