how to be a good business woman Johannesburg

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. how to be a good business woman in Johannesburg and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, successful entrepreneurs have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

how to be a successful entrepreneur

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

how to be a successful entrepreneur

3. I have no experience

Again, how to be a good business woman this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

successful business entrepreneurs

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, be a successful entrepreneur so there really has never been a better time than now.

How To Become An Entrepreneur

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

successful business entrepreneurs

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

How To Become An Entrepreneur

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

how to be a good business woman in Johannesburg?

Qualities Of Entrepreneur With Examples

Many entrepreneurs get that itch to start a new business, either because they are fed up being "wage slaves" or they like the freedom that working for yourself can bring. Some even think that they will be richer or have more spare time. Many are not sure what kind of business they want.

First of all - never start a new business because you want more money or more time. Starting a new business takes both lots of time and most, if not all, of your money.

Secondly don't fall into the trap of starting a business just for the sake of it. Make sure that someone wants what you are aiming to sell! Your fruit cakes, tattoos or begonias may be the best in the area but if no one wants them - then you are going to be going bust very soon.

So how do you find out what kind of things you are going to sell?

1) Look at the type of area that you want to set up your business. A majority of aged clients is not going to be keen to have tattoos but might love your cakes!

2) Look at the other businesses selling in your area. Whilst it is sometimes good to group some businesses together such as car sales - make sure there is enough people left who may buy from you. Similarly if there is a successful company that is not coping - maybe you can inherit some of their clients?

3) Look for gaps in the market. Are their complimentary businesses close by who you can join in with to share customers? Is the market just crying out for a particular product of service.

4) Most importantly go and ask people. Give talks at clubs about your subject and see what kind of reception you get. Hold a competition for the best ideas etc.

Good luck in obtaining a firm foundation for your new business.

How to grow a money tree

successful entrepreneur person

Why should you consider refinancing real estate investments instead of selling them? Maybe you've owned a rental property for years, you've paid down the mortgage, the value is up, and you want to cash in on that equity. You will do better to refinance. Here's why.
There are two problems with selling. First, selling means paying a large capital gains tax. You can avoid this if you reinvest through a 1031 exchange, but then the point is that you want your money, right? Second, you'll be giving up your inflation-indexed retirement plan. A good rental property generates more income as rents go up.
Refinancing Real Estate Investments Is Better
If you refinance, you can get much of your gain out of the property, without paying a penny in taxes. You see, borrowing money is not a taxable event. Take your loan proceeds and spend them however you want, and still keep your rentals. Doesn't that sound better than losing a big chunk of your equity to taxes?
Now, let's look at an example. We'll suppose you have owned a small apartment building for several years. Let's say you bought it for $340,000, with a down payment of $80,000. Interest rates at the time were at 9.5%, giving you a payment of $2,106 monthly on the balance of $260,00 (30 year amortization).
The property is now worth $560,000, and you owe $220,000. Your cash flow is around $2000/month. Now, how do you get at some of that equity? If you sell, you will give up the income, AND pay a big part of the profit in taxes. What happens if you refinance?
If a bank will loan you 70% of the value, that would be $392,000. Pay off the first mortgage, and you are left with $172,000. You can spend it any way you want, and no taxes are due.
It gets even better, especially when interest rates are low. If the new interest rate is 6.5%, your new payment will be $2295. In other words, you get $172,000 to spend any way you want, and you still have over $1,800 cash flow each month, from an inflation-indexed retirement plan.
Here is an even better scenario: Spend $50,000 of the loan for high-return upgrades to the property, such as carports and a laundry room, and raise the rents. You could have $122,000 left over to spend any way you want, AND have higher cash flow than before! Isn't that sound better than selling your retirement plan? When you want that cash, consider refinancing real estate investments.
ZZZZZZ

What Are The Qualities Of A Good Entrepreneur

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Cnw Info Have how to become a businessman List

being successful Pretoria

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. being successful in Pretoria and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, successive entrepreneur have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

be a successful entrepreneur

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

become a successful entrepreneur

3. I have no experience

Again, being successful this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

How To Become An Entrepreneur

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, how become a successful entrepreneur so there really has never been a better time than now.

Entrepreneur Qualities And Characteristics

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

5 Characteristics Of An Entrepreneur

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

becoming a successful entrepreneur

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

being successful in Pretoria?

Best Entrepreneur

Successful Entrepreneurs Are...

1. Visionaries

They see beyond obstacles. They focus on possibilities rather than
dwelling on limitations.

We hear many stories of men and women who have created great
enterprises from ideas others had rejected or said will never work. We are
inspired the most by stories of those who succeeded against all odds. As
an entrepreneur, you have the need to create, to start something that never
was or to improve upon an exciting product or concept. To bring forth
something new does not come without challenges.

Choose not to dwell on what you don’t have (lack of money, time, support
or other resources). Make a choice to focus on what needs to be done to
manifest your idea and then make it happen! No more excuses! Stop
blaming others, your circumstances or yourself for why things don’t turn
out as you thought they would. When we choose to focus on abundance
rather than lack, we harness the power to create and attract what we need
to achieve success. Those with sight see what is, but those with vision see
what can be. What are the possibilities in your life, what are the
possibilities for your business?

2. Strategists

They plan well, and execute effectively.

Sun Tzu, in his book, “The Art of War” he wrote, “the art of war is a
matter of life and death, a road to either safety or to ruin. The art of war is
governed by five critical factors. These are the way, the weather, the
terrain, the leadership and the discipline." Without a solid business
strategy, you become, by default, reactive rather than proactive. Reactive
businesses cannot grow into sustainable and competitive enterprises
because there is no roadmap to do so. Sun Tzu's five critical factors apply to contemporary business strategy as much as they do to historical military operations. To drive your business
using the art of strategy, it is essential to establish or clarify the overall
vision and goals of the organization (the way); understand the operating
environment facing the business (the terrain); develop objectives and
specific strategies for the organization to address (the weather); ensure
strong management to guide and motivate staff and to implement the
strategies in a timely manner (the leadership); and develop a robust
organizational structure, effective supply chain management and ensure
that performance is monitored against the stated objectives (the
discipline).1

Entrepreneurs often have great ideas, but in a zest to make it a reality, fail
to plan properly. This failure to plan can sink even the best of ideas.
Address the 5 critical factors as soon as possible by creating your strategic
plan if you haven’t already done so. If you have already created your
strategic plan, it doesn’t hurt to give it the once over to ensure all the
critical factors have been addressed.

3. Problem - Solvers

They see a problem as an opportunity for growth and strategically seek
resolutions.

Are you solutions-oriented? How do you react when faced with a business
problem? Problems are just opportunities for growth and development in
disguise. Problems test you; they challenge you to change the way that
you think. There are thousands, if not millions of great inventions born
from perceived problems or accidents.

George de Mestral, a Swiss engineer, returned from a walk one day in
1948 and found some cockleburs clinging to his cloth jacket. When de
Mestral loosened them, he examined one under his microscope. The
cocklebur is a maze of thin strands with burrs (or hooks) on the ends that
cling to fabrics or animal fur. By the accident of the cockleburs sticking to
his jacket, George de Mestral recognized the potential for a practical new
fastener. It took eight years to experiment, develop, and perfect the
invention, which consists of two strips of nylon fabric. VELCRO, the
name de Mestral gave his product, is the brand most people in the United
States know. It is strong, easily separated, lightweight, durable, and
washable, comes in a variety of colors, and won’t jam.2

Learn from George. Begin to look forward to your next problem; if you
look carefully enough, it may be a great blessing in disguise. What
creative and/or strategic solutions can you come up with and implement?

4. Risk -Takers

They are not afraid to challenge the status quo nor, are they afraid to take
the road less traveled.

The great people of this world are not the ones who did what had always
been done, they are the ones who stood up and said, “how I can do this
differently”? Great people are bold, they dare to dream, and they are
courageous in their endeavors. Little people are timid; they are scared to
dream and to avoid disappointment they refrain from great endeavors. It is
better to try and risk not reaching the desired end, than never to try and
never know what could have been. The level of success you may desire to
achieve may not have been paved by any before you. You may not be only
taking the road less traveled, but a road never traveled.

In order to succeed, sometimes you have to break the cycle of what
everyone says is fact and believe in what you know to be true. Christopher
Columbus knew the truth that the world was round even when the facts of
his age said it was flat. What would have happened if Columbus accepted
the norm and didn’t challenge the status quo? This is not to say do not
heed good advice, as a matter of fact it is wise to seek good counsel. But
there are times when we have to make choices, small ones and big ones
alike that are contrary to popular opinion. These are the times when you
must separate the facts from the truth. The fact may be that you have a
great business idea, but no money to get it off the ground; however, the
truth is that you live surrounded by an abundance of all you need to get
your business off the ground but you have to learn how to tap into it. This
is where you must be creative, do something that you have never done
before; boldly seek partnerships, mentors and coaches to help you. Are
you afraid to take bold risks? Will you be content with playing it safe and
spending the rest of your life wondering what could have been?

5. Servant-Leaders

They realize serving precedes leading.

A servant leader does not just focus on the bottom line but focuses on how
she can be of service to others. A servant leadership model is an inverted
pyramid in which the president of an organization is at the lowest point of
the triangle and the customer is at the broadest edge as opposed to your
traditional leader on top of the organization model.

Robert Greenleaf is credited with the term servant leader. In his book,
Servant Leadership, Greenleaf noticed that the most successful
managers led in a very different way - they led through service rather than
through positional authority.

Resolve today that your leadership, as an entrepreneur, is not purely self-
satisifying and profit motivating. Leadership is not about control and
manipulation, as it is only in service that one becomes great. Resolve to
be of service to your employees, shareholders, clients, suppliers and all
those you come in contact with.

If you are interested in learning more about servant leadership many
universities even community programs offer courses on the subject.
It is a worthwhile investment.

6. Survivors

They don't quit. Instead, they fail forward to success.

Your first business venture may not work out as planned. Maybe neither
will your second venture or third. It is important to know that because
things don’t always turn out as planned, it does not mean you are a failure.
Your business may have failed, but you have not! Smart entrepreneurs
learn from what didn’t work instead of throwing in the towel all together.
Robert Kiyosaki actually said in one of his books that, unlike employees
entrepreneurs get paid to fail. What a strange statement, but it is true!
Entrepreneurs learn something valuable every time things go awry. As
humans we are programmed to learn by our mistakes more than our
successes. Did you know how to ride a bike the first time you got on one?
Could you use chopsticks as effortlessly as you can now? No! You learned
from your mistakes and eventually, you got it right.
By giving up, you throw away the opportunity to ever succeed. Every
time you stumble or fall in your entrepreneurial undertakings, rejoice, as
you are one step closer to success! You may have to change what you are
doing slightly or dramatically but whatever you do, don't quit!

1 [http://www.grantthornton.ca/mgt_papers/MIP_template.asp?MIPID=29]
2 http://www.ideafinder.com/history/inventions/story015.htm

Computer Consultant Startup: What's The First Step?

successful business entrepreneurs

Traits to Manifest Towards a Successful Entrepreneurial Venture
Do you know why a lot of entrepreneurs succeed with their businesses? Well honestly, they’ve got positive traits that aid them in their success. So, do you have them too?
Almost every successful entrepreneur when asked about their acclaimed success would merit the deed to their attitude. They will surely tell you that it is all about attitude. Yes, it is all about nothing but positive traits to get an entrepreneur going in the business. The real sense of business has changed in meaning and in phase all throughout the years.
Let us credit it to the advanced technology that we are all enjoying these days. Computers—they are all around. With the computers come the internet and the power of the web so as with the email and web pages. The telephone system has likewise changed over time which includes the advantages brought about by voice mails and cell phones.
Now these technological aids are only mediums that make the flow of businesses in smooth transition. Nothing and no one can ever disregard the importance of the positive traits imbued in a person which makes a successful entrepreneurial possible by all means.
Are you then a budding entrepreneur? Do you think you will be capable of dealing with all of the advents alongside entrepreneurial ventures? Then read on so you will learn how to assess your personality and if you’ve got the needed traits of a potential entrepreneur.
Would-be-entrepreneurs must know how to set goals. Now the setting of these goals starts at the tender age of an individual. One’s being a youngster needs to be coupled with discipline in the setting of future goals.
The building up of these traits is usually influenced by the factors such as the parents and the educators. For people who do not belong to the upper class, they are able to realize that when they want something which they know their parents would not be able to afford, they will surely work for it in their own little ways.
When it comes to entrepreneurial, the person is aware that the decision-making lies in his own hands so he will likely turn out to be very responsible.
After the goals have been set, a thorough working out of it is needed. What are goals if they will not be materialized? In order to reach these goals, a person must strive hard and learn the craft of organization, discipline, and risk-taking.
Next, one who has the dream of venturing into entrepreneurial knows how to assess his own strengths and weaknesses. What are you good at? What can you do? What are you capable of giving out in the business? On the other hand, what are your usual failures? What shortcomings are you prone to be subjected to? When entering into any form of entrepreneurial, facing one’s fears cannot be set aside. One must be open to all possibilities in the phase of the business industry.
An entrepreneur must have a nose for business opportunities. What is most likely to be appreciated by the customers? What trend is hot in the business? The truth is that newbie and oldies in line of entrepreneurial must not stop seeking for opportunities and possibilities that will work best in today’s current time.
After such opportunity has been spotted, an entrepreneur must grab such chance and make the best out of it. Talk about taking advantage! There is always that competition which cannot be rid of but then one’s success in business is always measured by the realization and materialization of the set up goals.
Entrepreneurial also equates with the ability of being able to efficiently manage and handle every little thing concerning finances and budgets. When one is unable to control the outflow and inflow of the finances, then the business may be up to closure in no time at all.
Entrepreneurs must know how to recognize the first best. Any opportunity is worked out to turn out to be the best in the area. Experiencing fun in whatever endeavor is always vital for a successful entrepreneur. Entrepreneurs also know the time when they need to seek for help. They are no super heroes so they also need aids from other people.
The question now is, do you have such traits? Will you also be a tailor-made entrepreneur someday?

Personal Qualities Of An Entrepreneur

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Cnw Info Have how to become a businessman List

business biographies Rating

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. business biographies in Rating and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, what it takes to be a successful entrepreneur have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

Most Important Characteristics Of An Entrepreneur

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

How To Be A Good Entrepreneur

3. I have no experience

Again, business biographies this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

5 Characteristics Of An Entrepreneur

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, what it takes to be a successful entrepreneur so there really has never been a better time than now.

How To Become An Entrepreneur

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

Entrepreneurs In The World

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

What Does An Entrepreneur Do

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

business biographies in Rating?

How To Be A Good Entrepreneur

How many new products and inventions can you dream up with in thirty minutes? At least a few if you know the techniques of innovation and creative problem solving. The following are thirty minute's worth, with some notes at how they were arrived at.
New Products and Inventions From Old
A fast way to invent new things is to start with existing concepts and find new applications. With the concept of inflatable things, the first thing that comes to my mind is inflatable shelters for emergency situations, such as after earthquakes or hurricanes. Such shelters could be transported easily, and erected quickly with a simple air pump. A basic large tent design, but with inflatable ribs instead of poles might work.
We can always find new products and inventions for babies. Inflatable cribs or playpens come to mind. Deflated, they could be folded up and stored almost anywhere. A simple design for a playpen might be a plastic floor with a simple wall that surrounds it and is attached to it. Think of air mattresses for swimming, set on their sides, connected end to end and wrapped into a circle and you'll get the idea.
When we used to go "tubing" down rivers in Michigan, we were forever trying new ways to carry a cooler with us while keeping it convenient to get a soda or beer out of it. A solution could be an inflatable bar. It might have a cooler built into it, have can and glass holders, and maybe even a secure place to set snacks. It could be used in a pool, lake or river.
Many people drive into water and die each year. One solution to this problem might be inflatable flotation that is activated when the car begins to sink. They would quickly inflate in an accident involving submersion, and would keep the car afloat. Put one in the trunk, and another inside the car, or have them come out from the wheel wells. To avoid accidental inflation, the triggering device would be activated by water, but be in a place where rain and car washing water couldn't reach.
Vending Machine Products and Inventions
When I considered the concept of vending machines, the first thing that came to mind was a beer machine. It could only be used in a bar that was restricted to adults, of course. A big benefit is that it would lessen the need for bartenders, since half of all the drinks sold in a bar are just simple beers. It is an innovation that could be implemented tomorrow, using beer in cans in existing pop machines.
A vending machine for books and magazines might do decent business in an airport, bus station or other places where people are forced to sit for hours. They may already exist, but I haven't seen them yet. Add some padding to the drop chute, and existing snack vending machines could be used.
They sell phone cards everywhere now, but I haven't yet seen them in vending machines. You could also sell those collapsible umbrellas from a machine. There are dozens of other things that could be profitably sold from vending machines. Use simple techniques like this extension of existing concepts, and there are also thousands of other new products and inventions waiting to be made.

Entrepreneurial Failure - Get Used To It

Famous Entrepreneurs

Why should you consider refinancing real estate investments instead of selling them? Maybe you've owned a rental property for years, you've paid down the mortgage, the value is up, and you want to cash in on that equity. You will do better to refinance. Here's why.
There are two problems with selling. First, selling means paying a large capital gains tax. You can avoid this if you reinvest through a 1031 exchange, but then the point is that you want your money, right? Second, you'll be giving up your inflation-indexed retirement plan. A good rental property generates more income as rents go up.
Refinancing Real Estate Investments Is Better
If you refinance, you can get much of your gain out of the property, without paying a penny in taxes. You see, borrowing money is not a taxable event. Take your loan proceeds and spend them however you want, and still keep your rentals. Doesn't that sound better than losing a big chunk of your equity to taxes?
Now, let's look at an example. We'll suppose you have owned a small apartment building for several years. Let's say you bought it for $340,000, with a down payment of $80,000. Interest rates at the time were at 9.5%, giving you a payment of $2,106 monthly on the balance of $260,00 (30 year amortization).
The property is now worth $560,000, and you owe $220,000. Your cash flow is around $2000/month. Now, how do you get at some of that equity? If you sell, you will give up the income, AND pay a big part of the profit in taxes. What happens if you refinance?
If a bank will loan you 70% of the value, that would be $392,000. Pay off the first mortgage, and you are left with $172,000. You can spend it any way you want, and no taxes are due.
It gets even better, especially when interest rates are low. If the new interest rate is 6.5%, your new payment will be $2295. In other words, you get $172,000 to spend any way you want, and you still have over $1,800 cash flow each month, from an inflation-indexed retirement plan.
Here is an even better scenario: Spend $50,000 of the loan for high-return upgrades to the property, such as carports and a laundry room, and raise the rents. You could have $122,000 left over to spend any way you want, AND have higher cash flow than before! Isn't that sound better than selling your retirement plan? When you want that cash, consider refinancing real estate investments.
ZZZZZZ

Entrepreneur Examples

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Cnw Info Have how to become a businessman List

whats business Sandton

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. whats business in Sandton and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, what does it take to become a successful entrepreneur have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

List Of Successful Entrepreneurs

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

Best Entrepreneur

3. I have no experience

Again, whats business this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

5 Characteristics Of An Entrepreneur

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, successful entrepreneur person so there really has never been a better time than now.

What Do Entrepreneurs Do

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

successful entrepreneur person

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

be a successful entrepreneur

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

whats business in Sandton?

5 Characteristics Of An Entrepreneur

Many entrepreneurs get that itch to start a new business, either because they are fed up being "wage slaves" or they like the freedom that working for yourself can bring. Some even think that they will be richer or have more spare time. Many are not sure what kind of business they want.

First of all - never start a new business because you want more money or more time. Starting a new business takes both lots of time and most, if not all, of your money.

Secondly don't fall into the trap of starting a business just for the sake of it. Make sure that someone wants what you are aiming to sell! Your fruit cakes, tattoos or begonias may be the best in the area but if no one wants them - then you are going to be going bust very soon.

So how do you find out what kind of things you are going to sell?

1) Look at the type of area that you want to set up your business. A majority of aged clients is not going to be keen to have tattoos but might love your cakes!

2) Look at the other businesses selling in your area. Whilst it is sometimes good to group some businesses together such as car sales - make sure there is enough people left who may buy from you. Similarly if there is a successful company that is not coping - maybe you can inherit some of their clients?

3) Look for gaps in the market. Are their complimentary businesses close by who you can join in with to share customers? Is the market just crying out for a particular product of service.

4) Most importantly go and ask people. Give talks at clubs about your subject and see what kind of reception you get. Hold a competition for the best ideas etc.

Good luck in obtaining a firm foundation for your new business.

Entrepreneur Training Program: Why is there a need for it?

5 Characteristics Of An Entrepreneur

Starting a business and becoming successful is often part of the American Dream. But there is a difference between starting a business and building a successful business. Many businesses fail within the first few years of existence due to the lack of planning for the long-term. There is not enough vision and there is not enough done to strengthen the business properly from the ground up.
If you want to start a business there is an easy way to get a better understanding of why some businesses fail and others don't. When starting a business think about it similar to building a house. If done right it is protecting you against any kind of storm or danger of the outside world and will last for a long time. It offers shelter and protection. For you and your business that could be translated to that you want to have a business that is able to weather economical ups and downs (=storm) and that will provide income to pay the bills (shelter and protection).
When building a house there are several different steps you need to follow to have the house build. You know you want a house, but you got to pick a location and get an architect to plan everything out. In the business world that would be: you know you want to start a business, but you have to come up with a business idea and work out a business plan. The next thing for the house would be to build the foundation (and eventually the basement) for the house. In the business world - you got to build the initial infrastructure (example: connecting with vendors, find a manufacturer for your product, create a sales team, rent office space, get a delivery truck, etc.). Once that is in place you able to actually do business and earn some money. But you are not completely done yet. You need to build a frame, put in windows and you also need a roof on house. For your business this means that you pay off debt, improve business processes and get professional help when needed (example: find a tax accountant, select a payroll service, etc.).
Once the house is build you probably want to fill it with furniture and make it livable for the future. Nobody wants to sleep on the floor, right. Again translating this to the business world it could mean that you invest money you earned back into your business. You buy machinery instead of leasing it. Eventually you buy a building, hire more staff, develop more products, move into new markets, build up a high cash reserve, and buy other businesses and so forth. This is often the step where winners and losers separate. Re-investing money into the business is a key factor for success. If you go and spend all the money on your own salary to buy things you have nothing to go back to when the economy slips into a recession or if disaster strikes.
The successful business owner has build up a cash reserve or can borrow money from bank – securing loans with the assets of the business. Going back to building a house this pretty much matches the same efforts. You pay off your mortgage and have equity available to eventually borrow against when emergency arises. Emergencies do not include paying off credit cards to use them again or to buy a car. Financially responsible you should be looking at the long term and not finance short-term goods with long-term debt.

How To Be A Good Entrepreneur

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list of successful business people Rating

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. list of successful business people in Rating and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, successful entrepreneur businessman have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

What Does An Entrepreneur Do

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

What Are The Qualities Of A Good Entrepreneur

3. I have no experience

Again, list of successful business people this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

How To Become An Entrepreneur

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, a successful entrepreneur person so there really has never been a better time than now.

Entrepreneur Characteristics Definition

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

How To Be A Good Entrepreneur

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

How To Be A Good Entrepreneur

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

list of successful business people in Rating?

successful business entrepreneurs

As an entrepreneur, you’re hardwired to enjoy a greater level of risk than the average person. But do you enjoy the thrill of business and investing so much that you’re willing to risk:
-Being hounded by creditors?
-Declaring bankruptcy?
-Being denied a mortgage?
-Paying more than your fair share of interest on your loans?
-Losing your house?
If you answered “no” to one or more of these questions, this may be the most important report you’ve read in a long time.
Because, if you’re like most entrepreneurs, investors, and business owners I’ve met over the past 28 years, you’re in danger of facing all of these horrific problems.
And it’s all because of your business.
You see, entrepreneurs typically make one or more financially devastating mistakes when financing the launch, operation and/or growth of their businesses. In most cases, they don’t realize that they’re making a mistake.
And to tell the truth, even when they do realize they’re making a mistake … they lull themselves into thinking that the consequences will be a minor annoyance.
Until, one day, they can’t qualify for a mortgage. Or they can’t get the to-die-for financing offered on the new car they’re buying. Or they’re hounded by creditors and eventually have to declare bankruptcy.
And it is all because they use their personal finances to fund the launch or expansion of their business. They then use personal credit cards to pay for business expenses. If you are in business or thinking about starting a business, business credit is a must.
Let me explain, most business owner have no idea that they can establish business credit and even fewer know how to how to establish business credit. If owners would take the time necessary to educate themselves about establishing credit they would no longer have to use their personal funds for start up capital or working capital.
They would also be able to use business credit cards which don’t report to their personal credit reports, therefore, not lowering the personal credit scores.
The most important goal of business credit though is to obtain unsecured business lines of credit, which can be done once the business credit profile is set up properly. Once a business obtains unsecured business lines of credit, they then have the working capital they need to start a business or expand their business. The business owner has check book control to use the business lines of credit as they wish. And best of all, the business lines of credit don’t report to the business owner’s personal credit report.
If you have set up your business profile correctly there are a number of banks that will lend to brand new start up business. That is right, brand new start up business with no track record whatsoever. The banks will extend unsecured business lines of credit so they can have the start up capital they need to finance the business of their dreams.
Make no mistake about it; business credit is a MUST for every business owner. Don’t put your personal assets at risk finance or fund your business!

All Fortunes Begin With an Idea!

Qualities Of Entrepreneur With Examples

Are you intrigued by the possibility of being your own boss and starting a business but not sure you have the right qualifications to be an entrepreneur? What are the characteristics of an entrepreneur? Although there is no single perfect entrepreneurial profile, there are many characteristics that show up repeatedly in successful business owners.

Following are the top 10 essential entrepreneurial traits that anyone who is interested in starting a business must possess:

    (1) Independence - This is the most common denominator of all entrepreneurs. They want to seize control of their future; thus they decide to become their own boss instead of laboring under the gaze of a master. (2) Persistence and Determination - The world of entrepreneurship is fraught with both success and failure. An important quality of a successful entrepreneur is the doggedness to continue pursuing a goal despite some setbacks and obstacles they may encounter on the road. This persistence and determination is fueled by a burning desire to achieve the goal of succeeding in the chosen field of business. (3) Self-Confidence - Along with independence, an entrepreneur possesses self-confidence. They believe in their capabilities and makes sure that they will put in their best effort into their particular endeavors and likewise expect the best results from it. Belief in one's capabilities is very important in achieving any goal - especially in the world of entrepreneurship. (4) Creativity - In the business world, you can not afford to be complacent and uncreative unless you want the competition to move up on ahead of you. Creative people are naturally curious, inquisitive, bright and highly flexible when thinking. They keenly observe their environment and have an eye for spotting new trends that could spark a business opportunity. (5) Organized and goal-oriented - An entrepreneur knows the value of organization in a business endeavor. A good entrepreneur has the ability to consolidate resources. (6) Visionary - An entrepreneur has a vision for his/her future. (7) Risk-taking and Tolerance for Failure - A good entrepreneur realizes that loss and failure are inherent in any business endeavor. Thus, an entrepreneur must always be ready to make calculated risks and face whatever consequences accompany those risks. As in all fields of endeavor, the characteristic of a successful entrepreneur is in never giving up and in picking up the pieces and continuing the journey even if failure momentarily obstructs the way. (8) Perseverance and Hard Work - These are perhaps two of the most important entrepreneurial traits. (9) Commitment - An entrepreneur will not achieve success if he/she gives up at the first sign of trouble. (10) Honesty and Honor - Another very important mark of a good entrepreneur is being honest and honorable in all business dealings and interpersonal relationships - whether it is between business partners, employees, peers or investors.

If you possess these traits, you may have the necessary skill set to become a successful entrepreneur.

be a successful entrepreneur

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business mind Ratings

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. business mind in Ratings and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, how to be become a successful entrepreneur have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

What Does An Entrepreneur Do

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

successful business entrepreneurs

3. I have no experience

Again, business mind this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

Best Successful Entrepreneurs

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, how to become successful entrepreneurs so there really has never been a better time than now.

Qualities Of Entrepreneur With Examples

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

Qualities Of Entrepreneur With Examples

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

What Does An Entrepreneur Do

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

business mind in Ratings?

5 Characteristics Of An Entrepreneur

It is a well-understood axiom of the business world that there are two ways to improve the bottom line of the business. Stated simply, those two ways are to make money or to cut costs. Now no business can cost cut their way to profitability. But by the same token, waste and excessive internal costs for any business can eat away any profits that business is enjoying. So to get ahead in a competitive business environment, both methods must be employed.
When a business turns its eye to cost cutting, there is a stated or unstated business objective that the business owners will discover significant bleeding of revenues that are going on within the systems of doing business. So if those systems can be improved to eliminate that waste, the business would literally make money from the inside out because the overhead of the business would drop so dramatically.
The usual progress of such a cost saving campaign by a business is to find “the low hanging fruit” first. By that we mean that in order to satisfy the demands of management, middle management will identify superficial savings in hopes of satisfying the requirement. Hence switching from disposable cups to mugs or cutting back on break room amenities often go on the chopping block first.
Sadly, while there may be some superficial savings to be found in such places, the significant introduction of efficiencies for any business lie at a deeper level and take a more in-depth process of locating problems with how things get done internally. The methodology of finding these “money pits” within a business is often called “Process Improvement.” The concept of process improvement is to diagram a particular business process from inception to completion and document the stages it goes through, the handing over of authority for the process and to pin point places where inefficient methods are causing excessive cost in executing that process en route to the final stage of process completion.
Routinely, the areas of business structure that most often identified as being candidates for a process improvement examination are…
* Excessive overhead between departments. Departments within a business are notorious for taking on the atmosphere of a fiefdom and becoming resistant if not suspicious of other departments in the same company. When that happens, department managers will introduce paperwork and unnecessary processing to cause “work” to move to his or her department from another or for completed jobs to continue along their path. This excessive overhead can be costly at the department level and bog down the business as a unit enough to actually reduce the profitability of the organization.
* Communication problems. A business process moves through the organization as each department or entity adds value to the process through to the completion of the job. However if communications between departments or people along the process chain are flawed, a process can grind to a halt and wait for hours if not days before the missed communication is discovered and the work is put into the cycle to be completed. This slow down or break down in communications can be a tremendous drain on the company. To correct the problem, modern tools of communication should be reviewed so each significant person along the chain is quickly made aware of work that needs to be done and can signal to the next agent that their step is complete and that the process is moving to the next stage.
* An inefficient IT infrastructure. Out of date computer programs that are not integrated with each other cause needless work to be done to take data from one system and moving it into the next computer program only to be entered again at the next stop along the chain. Standardization and integration of data and systems will introduce huge efficiencies to the process.
By streamlining the process of moving a business requirement from inception to conclusion, we can remove much of the inefficiency and waste that has become inherent to that process. We can introduce up to date integration designs both at the IT and process level to quickly move the process from one department to the next upon completion. The outcome is a streamlined organization that is no longer “bleeding money” due to inefficiencies and as such is making money “from the inside out”.
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Myths About Entrepreneurs

How To Be A Good Entrepreneur

Some Hot Business Opportunities for Entrepreneurs
These days, a lot of trends in the business arena have surfaced. In a year, several business opportunities for entrepreneurs rank as the hottest. So as a budding entrepreneur, what field would you like to get into? It is believed by many that in opening a business, it must be something within the scope of your own expertise.
You need to have an initial knowledge about what opportunity you are getting into. In managing any type of business, it is a must that you exert a personal effort on it. But then as the times are concerned, it goes to point out that the business of your choice must be something which is within the trends and that which is appreciated by the consumers. Or else, you are opening yourself into some great possibilities of losing in business.
For a guide, here are among the hottest trends of business opportunities for entrepreneurs in the year 2006:
Communications Coach or Writing Instructor. Most American businesses involve the flow of communications. After all, how can a business transaction transpire if there is no communication that exists within the concerned parties? Most office personnel in America lack one skill—and that is the power to communicate effectively.
In all levels of business, the staff members are asked to communicate orally, verbally, or technologically. But then most of them fail to do well in the task. They cannot even generate sensible sentences for that matter. Unfortunately though, a lot of English classes held in high school and college levels tend to overlook this matter so the graduates are not molded for these kinds of situations. One of the hottest business opportunities for entrepreneurs this year is to put up groups that would coach people in the entrepreneurial level in terms of communication. Many American companies seek the services of communications coaches and writing instructors.
Blogging. In a technologically advanced world, most information, ideas, and transactions are already done via the net. Blogging is one of the hottest and rising business opportunities this year. Whether the phase is internal or external, the blog must be well written so that it will be highly effective. Most companies involve blogging as part of their marketing strategies and if the blog is more or less poorly conceived, you know exactly what it will reflect for the company. The corporations that employ blogging as part of their businesses should provide ample training background in writing skills to their staff members.
Security and IT Privacy Consultant. For companies that mainly run technological-based industries, what they need are people who are IT competent and who knows how to troubleshoot technological problems. Since they deal much with information, they also need sufficient security. That is why masters in these matters are very much in-demand. As an entrepreneur, you can put up a business that relates to this need.
Some Construction-Related Operations. The country cannot rid of constructions of all types since it is moving towards global competitiveness. In the midst of all these constructions are great opportunities for entrepreneurs that are concerned with the plumbing, electric, carpentry, drywalling, and general contracting services.
Home Caregiving. In America per se, the aged individuals are always put in Home for the Aged institutions as their children are busy to care for them. It has been a custom to hire home caregivers for them. In the rate of employment, there are several individuals who go for caregiving since it is a highly paid job. If you may be interested, you can put up a home caregiving agency and earn much because of the high demand for such services.
Medical Technician or Home Healthcare Nurse. This business opportunity is likely related to the discussion above.
Virtual Assistants. The demand for virtual assistance is all the more increasing. People who would like to have online secretaries who can take charge of anything which they need pay much just so they can avail of the service. As an entrepreneur it will be beneficial on your part to come up with a set of staff members to work as virtual assistants.
Ebay Trading Assistants. People certainly love to shop on ebay especially with all those auctions. Being a seller in the website can invite lots of money for you.
Mobile Phone Applications. People cannot be detached from their mobile phones these days. So the demand for more advanced and upgraded phones increase each day. Outlets for mobile phones sales and repairs all the more prove to be successful this year.
There are more and more business opportunities that may knock on the doors of budding entrepreneurs. If you know how to handle a business, you will likely succeed.

become a successful entrepreneur

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how to become an industrialist Johannesburg

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. how to become an industrialist in Johannesburg and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, how to become successful entrepreneurs have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

become a successful entrepreneur

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

becoming a successful entrepreneur

3. I have no experience

Again, how to become an industrialist this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

Entrepreneur Qualities And Characteristics

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, successful business entrepreneurs so there really has never been a better time than now.

Best Successful Entrepreneurs

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

Most Successful Entrepreneurs

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

Entrepreneur Qualities And Characteristics

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

how to become an industrialist in Johannesburg?

Personal Qualities Of An Entrepreneur

One of the greatest time wasters of all are unnecessary or poorly run meetings. If you want to dramatically improve your time management skills, then learn how to have productive meetings.
"Brian" is the Operations Manager in a large corporation. Every Monday morning, his CEO has a managers' meeting .
This is what usually occurs:
The agenda is circulated the day before which means the managers have little time to prepare.
The meeting always starts late as the CEO will wait for latecomers. In fact, he's often late.
A couple of the managers tend to "waffle on". The CEO who chairs the meeting is not assertive enough to keep them on track.. He's also a 'waffler'.
Most of the managers sit there, bored out of their brains for a majority of the time. They also get stressed as they feel they are wasting time listening to the "wafflers".
As the CEO does not schedule a regular "catch up" time with each individual manager, many unnecessary issues are also discussed.
If this describes some of the meetings you convene then how about taking action and ensure from now on that they are highly productive.
If you're like "Brian" and you would have difficulty suggesting to others how they could improve their meetings, then I suggest you pass this newsletter on to them. Effective time management also includes effective meeting management.
"You'll do so much you'll be surprised when you get your meetings organised"
9 Ways to Improve Your Time Management by Having Super Productive Meetings
Ask yourself, is this meeting really necessary?
Do you need a face-face meeting? A phone call, email or conference call might be a better solution.
Invite as few people as possible
Only have the necessary participants attend.
Have a written agenda with clear objectives
Ensure it is circulated well in advance to those attending. Indicate timeframes allowed to discuss each item.
Double check the meeting venue has been organised the day before
If refreshments are supplied include water and fruit. Ensure the meeting area is quiet with no distractions.
Start and finish on time
Respect your time and everyone else's.
Have an effective chairperson
Unsure who to choose? At the beginning of the meeting count up to three. At three, each participant points to the person they believe will keep the meeting on track.. The person with the most votes is elected.
Circulate the minutes within 48 hours
Ensure all actions have the appropriate person written next to them.
Stand up and stretch every 30 minutes
It's good for your mind and body.
Ensure all mobile phones and pagers are turned off
It's amazing - people have been known to survive without their phones and live to tell the tale.
Good time management is also about using your time wisely when attending meetings. If you can enforce these guidelines, you'll be happy to attend future meetings knowing that your time isn't being wasted.
ZZZZZZ

Refinancing Real Estate Investments

5 Characteristics Of An Entrepreneur

Financial advisors often find themselves consulting to successful entrepreneurs about how to continue to grow their assets after the business has been sold or taken over through a carefully planned succession strategy. But developing a small business (defined here as having less than $50 million in annual revenues) is not so simple.

After the initial burst of business success and survival in the first three years, many small businesses encounter struggles that can leave them feeling isolated. What can assist a 30-year old consulting firm whose personal presence and paper products face a changing world of electronic presence and high travel costs by helping them with development of electronic products? What can encourage a small playground equipment manufacturer to move from $1 million to $2 then $5 million in annual revenues by helping her with facility expansion issues? What can help a successful cookie baker beat the competition through strategic partners, cause marketing and high tech kitchen equipment?

Small Business Development Centers can.

According to the Small Business Administration these SBDC's gave face-to-face help to more than 247,000 clients last year. A treasury of business answers lies waiting and ready to assist at 1,100 top colleges and universities across the United States, according to the SBA. These centers are funded by a combination of federal, state and local government monies as well as with private sector dollars.

Here are just few examples from the State of Wisconsin. The University of Wisconsin at Whitewater hosts a Small Business Development Center at www.uwwsbdc.com [http://www.uwwsbdc.com/] Its email is ask-sbdc@uww.edu This center is also affiliated with the Wisconsin Innovation Service Center, that "takes pride in an extremely high rate of client satisfaction...nearly 75% of clients have been referred by former clients and professionals. The Wisconsin Innovation Service Center charges an "affordable fee" to provide companies with enough information for improved product and market development decisions.

A few diverse examples of this university-related treasury of successes include these:

  1. A local gardener gained international attention for a unique gardening tool.
  2. An innovative drywall finishing product offers significant benefits over competition.
  3. A new product helps a honey producer grow.
  4. A business in the electrical equipment industry finds new customer segments.
  5. Investors and inventors find value in a flooring company start-up.
  6. An environmental product company breaks past the $15 million mark with a new product.
  7. An ornithology hobby becomes a successful business venture.
  8. An outdoor equipment manufacturer finds a potential acquisition.
  9. Customer purchase decisions and perceptions are revealed to a manufacturer.
  10. An automotive aftermarket tool gains distribution outlets across the U.S.
  11. A "hot" tool is offered to the propane and plumbing industries.

Part of the success of these entrepreneurs and a couple of hundred thousand others is due to the one-on-one relationship of these advisors with their entrepreneurial clients. Developing business plans, wading through loan applications, securing critical market research, exploring product design options, identifying a lasting competitive edge---these are typical of the services that SBDC's can provide to the entrepreneur.

These services are nothing to be sneezed at. In another state, South Carolina, the economic impact on the state's economy in 2005 alone was $86 million, resulting in a return on investment of $121.11 for every dollar of state funding, according to Regional Director Jill Burroughs as quoted in the Greenville News. Further explaining the power of the program, Burroughs said that breaks down to $45.7 million in capital formation, 1038 jobs created, nearly $25 million in wages paid, $869,000 in additional sales taxes and $15 million in contracts awarded to 381 businesses.

SBDC's are located in all 50 states, the District of Columbia, Guam, Puerto Rico, Samoa and the US Virgin Islands. If you conservatively cut the impact of South Carolina in half and multiplied by the 50 states, you would have a $2.1 BILLION impact.

This is a powerful treasury of real riches that spills over to the rest of the economy from the struggles of entrepreneurs who refused to let their dreams be defeated by the obstacles they encountered. They got help.

becoming a successful entrepreneur

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hot to become successful Recommended

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. hot to become successful in Recommended and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, business successful entrepreneurs have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

How To Be A Good Entrepreneur

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

What Do Entrepreneurs Do

3. I have no experience

Again, hot to become successful this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

Successful Entrepreneurs Stories

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, what do you need to be a successful entrepreneur so there really has never been a better time than now.

successful business entrepreneurs

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

Entrepreneur Examples

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

becoming a successful entrepreneur

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

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Successful Entrepreneurs Stories

Some Hot Business Opportunities for Entrepreneurs
These days, a lot of trends in the business arena have surfaced. In a year, several business opportunities for entrepreneurs rank as the hottest. So as a budding entrepreneur, what field would you like to get into? It is believed by many that in opening a business, it must be something within the scope of your own expertise.
You need to have an initial knowledge about what opportunity you are getting into. In managing any type of business, it is a must that you exert a personal effort on it. But then as the times are concerned, it goes to point out that the business of your choice must be something which is within the trends and that which is appreciated by the consumers. Or else, you are opening yourself into some great possibilities of losing in business.
For a guide, here are among the hottest trends of business opportunities for entrepreneurs in the year 2006:
Communications Coach or Writing Instructor. Most American businesses involve the flow of communications. After all, how can a business transaction transpire if there is no communication that exists within the concerned parties? Most office personnel in America lack one skill—and that is the power to communicate effectively.
In all levels of business, the staff members are asked to communicate orally, verbally, or technologically. But then most of them fail to do well in the task. They cannot even generate sensible sentences for that matter. Unfortunately though, a lot of English classes held in high school and college levels tend to overlook this matter so the graduates are not molded for these kinds of situations. One of the hottest business opportunities for entrepreneurs this year is to put up groups that would coach people in the entrepreneurial level in terms of communication. Many American companies seek the services of communications coaches and writing instructors.
Blogging. In a technologically advanced world, most information, ideas, and transactions are already done via the net. Blogging is one of the hottest and rising business opportunities this year. Whether the phase is internal or external, the blog must be well written so that it will be highly effective. Most companies involve blogging as part of their marketing strategies and if the blog is more or less poorly conceived, you know exactly what it will reflect for the company. The corporations that employ blogging as part of their businesses should provide ample training background in writing skills to their staff members.
Security and IT Privacy Consultant. For companies that mainly run technological-based industries, what they need are people who are IT competent and who knows how to troubleshoot technological problems. Since they deal much with information, they also need sufficient security. That is why masters in these matters are very much in-demand. As an entrepreneur, you can put up a business that relates to this need.
Some Construction-Related Operations. The country cannot rid of constructions of all types since it is moving towards global competitiveness. In the midst of all these constructions are great opportunities for entrepreneurs that are concerned with the plumbing, electric, carpentry, drywalling, and general contracting services.
Home Caregiving. In America per se, the aged individuals are always put in Home for the Aged institutions as their children are busy to care for them. It has been a custom to hire home caregivers for them. In the rate of employment, there are several individuals who go for caregiving since it is a highly paid job. If you may be interested, you can put up a home caregiving agency and earn much because of the high demand for such services.
Medical Technician or Home Healthcare Nurse. This business opportunity is likely related to the discussion above.
Virtual Assistants. The demand for virtual assistance is all the more increasing. People who would like to have online secretaries who can take charge of anything which they need pay much just so they can avail of the service. As an entrepreneur it will be beneficial on your part to come up with a set of staff members to work as virtual assistants.
Ebay Trading Assistants. People certainly love to shop on ebay especially with all those auctions. Being a seller in the website can invite lots of money for you.
Mobile Phone Applications. People cannot be detached from their mobile phones these days. So the demand for more advanced and upgraded phones increase each day. Outlets for mobile phones sales and repairs all the more prove to be successful this year.
There are more and more business opportunities that may knock on the doors of budding entrepreneurs. If you know how to handle a business, you will likely succeed.

Why Some People Almost Always Make Money With Investments

Most Important Characteristics Of An Entrepreneur

Does your business needs an outside accountant?
It all depends. If you require an audited or reviewed financial statement, then, yes, you need a CPA. In any event, it is always a good idea to maintain a relationship with an accountant no matter how small your business. Whether your accountant is a CPA is up to you. The real question is: To what extent do you need outside accounting services? That also depends on you and the nature of your business.
I always start with the admonition: The Buck Stops With You! You cannot afford to dissociate yourself from understanding the meaning of your financial statements. If you solely rely on your accounting staff or accountant for completely accurate financial data, then you are asking for trouble. If you are going to own or manage a business, then you have a responsibility to learn how to speak the language of business. The language of business is accounting knowledge.
How involved you become in the accounting process will be determined by time schedules, your mental pre-disposition, desire for control, cash flow, etc. One scenario, if you can afford it, is to hire an internal accounting staff to prepare financial statements on a monthly basis and have an external accountant check them over. Another common scenario is to prepare part of the compilation yourself, such as preparing a sales journal and a cash disbursements journal, and then hire an outside accountant to prepare a bank reconciliation and the financial statements for you. Some do this on a monthly basis, others quarterly. Some business owners do the books themselves all year and turn them over to the accountant at the end of the year to verify the balances and do the depreciation entry for tax purposes.
There are numerous ways to work with an accountant. Regardless, you should learn enough about accounting to be able to communicate intelligently with your accountant. Since you are intimately involved in your business you may recognize danger signals that not even your accountant will see.
Selecting an accountant
Relying on the yellow pages to find an accountant can be risky. The best way to find any professional is by a referral. However, you need to interview prospective accountants before signing on. One of the first priorities is to find out what their experience level is. Your business may have very specific accounting and tax issues that require a certain amount of expertise. Perhaps you have a manufacturing concern. What does the accountant know about raw materials, work-in-process, and finished goods inventory accounting? Does the accountant know how to set up job-costing and overhead burdens? Ask for references from other like-kind businesses.
Keep in mind, that you may go to an established firm with a good reputation, but with whom are you going to have a relationship? Is your account large enough to warrant a relationship with a partner? You need to feel confident with the person assigned to your account. Perhaps a smaller firm with four or five accountants who are all seasoned veterans might work better.
You will also want someone with whom you can relate. The ability to communicate is a crucial factor. Your accountant may be technically proficient but can you understand what he or she is telling you? Does he or she listen when you ask questions? Don’t be afraid to ask for someone else if you are having difficulty communicating.
Another important criterion is “accessibility”. Is your accountant too busy to talk to you? Can you get your questions answered within a reasonable period of time? Do you feel important to him or her? Situations may arise where you need information immediately to make an important business or tax decision, will your accountant respond quickly?
Last, but not least, are the accountant’s billing practices. Billing practices vary from firm to firm. Some firms are very aggressive and put tremendous pressure on staff and partners to bill every minute they can. Some firms require a review process before any work goes out the door. This means that every person who performs any work on your account, including the person who puts the stamp on your envelope, bills you for it.
Find out in advance what happens if you call the firm to ask a simple question that takes less than five minutes to answer. Are you billed for five minutes or are you billed in increments of fifteen minutes even though you only talked for five? Some firms justify this increment billing by explaining that you are paying for the accountant’s expertise that may have taken years to acquire, therefore, they say, it’s worth it.
Some accounting practitioners charge a flat rate for services rendered or a combination of flat services and hourly charges. For instance, an accountant might charge $200 a month to prepare a monthly financial statement but charge $100 an hour for special projects. Within the monthly fee, the client can call to ask questions that last fifteen minutes or less for no additional charge. This way the client is not reticent about calling. Getting your question answered may prevent little problems from later becoming bigger more expensive problems.
Very often projects take longer to complete than anticipated. Complications arise and the practitioner should be paid for his or her work. Always insist that, if there are going to be additional charges over and above what has been agreed upon, that the accountant gets your approval first. Be sure to clarify these procedures before engaging an accountant in an “engagement letter”. This is a document that spells out the responsibilities of both parties and how the relationship is going to work.
Remember, there is absolutely no reason to be intimidated by your accountant. After all, you are paying for the services, and I promise you, the accountant wants your business.
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business people Guide

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. business people in Guide and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, successive entrepreneur have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

How To Become An Entrepreneur

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

What Does An Entrepreneur Do

3. I have no experience

Again, business people this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

Characteristics Of A Successful Business

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, how to become successful entrepreneurs so there really has never been a better time than now.

How To Become An Entrepreneur

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

Top 10 Entrepreneurs

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

Qualities Of Entrepreneur With Examples

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

business people in Guide?

Entrepreneur Examples

Entrepreneurs make up only about 15% of the working population in the US. Far fewer actually succeed than those who attempt to become self employed business people and venture out on their own. So what makes people decide to take the entrepreneurial path, when so few actually make it a reality?

Is the American dream a possibility for anyone, or, does it take more than most to become a successful entrepreneur?
The success of an entrepreneur does depend on their mindset. A large percentage of business owners will quit in their first five years in business. What is needed is the fortitude and belief that goes with attaining success.

Entrepreneurs are risk takers and dreamers. The difference between the dreamer and the entrepreneur though, is that the entrepreneur takes actions based on their dreams. They persist through the hardships and never give up! Many entrepreneurs start with an idea. Their success is determined by their belief that they can create something greater than simple monetary success. Often, it is about creating something which will benefit the world.

James Dyson, for example, came up with the idea of the bagless vacuum cleaner. Despite multiple set backs, over 5000 prototypes and not being able to get any manufacturers or distributors to accept his idea, he persevered. It was over a decade after his initial idea when his concept came to fruition. Even then, it was after a lot of difficulties and hardship due to the vacuum replacement bag industry, which was worth £100 million in the UK.

In Simon Sinek's book 'Start With Why', he suggests that the biggest companies in the world are so because of their "why?" - their reasons for building a business in the first place. In all cases, it wasn't just to make money, or make technology better, or some whimsical ideology.

The Wright Brothers, for example, became known as the pioneers of the first manned flight. But their competition was much better funded and well connected - Samuel Pierpont Langley had worked at Harvard, had a number of powerful connections, including Andrew Carnegie and Alexander Graham Bell. The War Department funded his project with a $50k grant, a seemingly massive advantage to the unconnected Wright Brothers who had no money or influence. However, their passion and devotion to change the world with this new technology drove them to attain the first flight in history in 1903.

Desire for material things and monetary wealth can only carry someone so far. Unless you have a goal or passion which is bigger than that, you may lose the momentum and fail to maintain your enthusiasm for any length of time.

The entrepreneurial mindset is one which taps into your purpose. Without a purpose driven goal or aim, it can't take long before disillusionment kicks in. With a mindset which takes into account a larger purpose, entrepreneurs can build huge businesses because they 'saw' a vision of what they wanted to create. If the purpose is greater than the obstacles which lie in the path of attaining it, no amount of setbacks will stop you from achieving your goal.

On the other hand, if you set out to do something and something gets in the way and stops you, your initial reason, (your "why?"), may not have been strong enough to endure all the battles along the way.

Entrepreneurial mind frame (or mindset) therefore, must be aligned with both your vision, your values and your purpose. If your values are not in alignment with your purpose and vision, you'll come up against road blocks which will stop you from achieving your goal.

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Best Entrepreneur

In the world that we live in, several multinational companies tower over one another. It is not something to bring wonder to all as these occurrences form part of the goal to which everyone is geared towards—it is none other than global competitiveness.
You must not get the shock of your life when you see multinational companies springing form one continent to another, from one shore to another shore, and from one border towards another. In your most unexpected places, multinational companies may pop out and can also expand at any minute.
With the innumerable businesses in existence today, you might think that your effort to put up one will just be futile as it is like planting a seedling in an array of towering trees. It may be but it may not also be. Got the logic? Then, read on!
Despite all the lording gigantic businesses there are in these days, the rise of entrepreneurship cannot be stopped. The rate of entrepreneurship is in fact growing day-by-day concerning the hundreds of people who want to start up something with their capitals in hand. For someone who wishes to put up a business, risk must be taken. Competition is inevitable in this kind of industry. That is why you must be firm with whatever decision you will make and capable of risk-taking.
If people discourage you to dwell into any type of business, better not listen to them. After all, entrepreneurship is indeed very much alive. Government systems in fact encourage entrepreneurs that will help boost up the economy and save the nation from further crises. While the government is welcoming with open arms these foreign investors, it is not as well turning its backs from local investors. In reality, the government is encouraging investments from their local people. After all, the government deems that investments are the sole solutions to provide the nation some stability and certainty in terms of the economy.
Do not be taken aback by the giant investors existing in the market. They are already stable so they would not bother to pull you down. Just concentrate with your own stuff and think of better ways to further improve your craft. Who knows, someday you might be one of those giants lining up the business arena.
But how will you start? How can you be turned into an entrepreneur? Look into your own self. What can you offer? What capabilities can you boast of? What are you capable of doing? Just have a vision of what you like and certainly you can make it come true. Before pursuing into any type of business, equip yourself first with the utmost trainings.
Entrepreneurial training programs will make your qualifications sharper, fluent, and competent enough to face the battle among the existing competitors. Where can you gain access of entrepreneurial training programs? Several companies offer these training programs. Schools are also hooked into this scheme. Always consult the expert in the field of entrepreneurial training programs.
Do away with the negative vibes. Do away with negative thoughts about yourself. You know you can do it. You know you can face it. Do away with confusions. Do away with self-pity. Just sport a positive perspective about yourself and you will soon see what will become of you. Maybe you will not be too successful on the first try. But then the more you try, the closer you will be with success.
One ultimate source of entrepreneur training programs is the internet. Yes, online entrepreneurial training programs are widely available. These trainings harness and hone your entrepreneurial skills even you without knowing it. Online courses are at times free. But mostly, they need to be subscribed to. If you think you are now ready to face the battle, try searching for online courses on entrepreneurship training programs.
There are literally lots of them. While undergoing the training program, be sure that you pay keen attention to whatever lessons are given out. These lessons will determine the knowledge that you may manifest as you already deal with the actual reality.
A training program on entrepreneurship will let you reap fruitful results. Just believe in your own capacity.

What Does An Entrepreneur Do

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great business Review

Many people have a lot of myths about what being an entrepreneur is and how it will shape/affect their life that are simply not true. great business in Review and these are the seven biggest myths that I continuously hear.

1. Being an Entrepreneur is too risky for me.

Starting your own business in these days is not too much more risky than trying for any other corporate job. At a corporate job you can be laid off at any time, how become a successful entrepreneur have benefits cut with no reason, and work long overtime without being compensated for that. If you are student as well, the risk can’t be that bad. It’s not like you have a mortgage or family to support if it fails.

successful business entrepreneurs

2. I am too young to start my own company

Being young is not a negative, in fact in most cases it’s a positive! When your young you have the passion energy and enthusiasm that is needed to work 14 hour days day in and day out for a company you believe in. Most older people with more experience just don’t want to do that any more.

Personal Qualities Of An Entrepreneur

3. I have no experience

Again, great business this can work towards your advantage. Your lack of experience means that you are looking at everything with a fresh set of eyes. You wont get stuck in the “we have always done it that way” kind of thinking that can stop other entrepreneurs. Running your own company will also build much more valuable experiences than a job flipping burgers will at your age.

Best Entrepreneur

4. It is not the right time for me to launch a business.

As a student you have a schedule that is completely flexible and large blocks of time between classes and on breaks to start a business. Campuses have tons of resources you can harness as well, successive entrepreneur so there really has never been a better time than now.

Successful Entrepreneurs Stories

5. If I am running a business my grades will fall.

Running a business takes organization and discipline. If you are organized and disciplined in one area of your life it will probably pass over to the other areas of your life as well. Many student entrepreneurs I know actually report their grades increasing once they started a business.

How To Be A Good Entrepreneur

6. Student businesses are just small rinky-dink operations

Some student business that started as just rinky-dink operations were Dell, Google, and Microsoft. You have probably heard of those companies right? That is because they were great ideas and hard work created products that had potential to expand from their small beginnings. Your business can too!

successful business entrepreneurs

7. I don’t have any money! I can’t start a company

Everyone seems to think only millionaires start companies. This is simply not true. Most companies are started with the founders savings and no investment capital. Start with what you can and work hard. Things will come together if you want them to come together. You will be amazed at what you can do!

great business in Review?

Most Important Characteristics Of An Entrepreneur

It is a well-understood axiom of the business world that there are two ways to improve the bottom line of the business. Stated simply, those two ways are to make money or to cut costs. Now no business can cost cut their way to profitability. But by the same token, waste and excessive internal costs for any business can eat away any profits that business is enjoying. So to get ahead in a competitive business environment, both methods must be employed.
When a business turns its eye to cost cutting, there is a stated or unstated business objective that the business owners will discover significant bleeding of revenues that are going on within the systems of doing business. So if those systems can be improved to eliminate that waste, the business would literally make money from the inside out because the overhead of the business would drop so dramatically.
The usual progress of such a cost saving campaign by a business is to find “the low hanging fruit” first. By that we mean that in order to satisfy the demands of management, middle management will identify superficial savings in hopes of satisfying the requirement. Hence switching from disposable cups to mugs or cutting back on break room amenities often go on the chopping block first.
Sadly, while there may be some superficial savings to be found in such places, the significant introduction of efficiencies for any business lie at a deeper level and take a more in-depth process of locating problems with how things get done internally. The methodology of finding these “money pits” within a business is often called “Process Improvement.” The concept of process improvement is to diagram a particular business process from inception to completion and document the stages it goes through, the handing over of authority for the process and to pin point places where inefficient methods are causing excessive cost in executing that process en route to the final stage of process completion.
Routinely, the areas of business structure that most often identified as being candidates for a process improvement examination are…
* Excessive overhead between departments. Departments within a business are notorious for taking on the atmosphere of a fiefdom and becoming resistant if not suspicious of other departments in the same company. When that happens, department managers will introduce paperwork and unnecessary processing to cause “work” to move to his or her department from another or for completed jobs to continue along their path. This excessive overhead can be costly at the department level and bog down the business as a unit enough to actually reduce the profitability of the organization.
* Communication problems. A business process moves through the organization as each department or entity adds value to the process through to the completion of the job. However if communications between departments or people along the process chain are flawed, a process can grind to a halt and wait for hours if not days before the missed communication is discovered and the work is put into the cycle to be completed. This slow down or break down in communications can be a tremendous drain on the company. To correct the problem, modern tools of communication should be reviewed so each significant person along the chain is quickly made aware of work that needs to be done and can signal to the next agent that their step is complete and that the process is moving to the next stage.
* An inefficient IT infrastructure. Out of date computer programs that are not integrated with each other cause needless work to be done to take data from one system and moving it into the next computer program only to be entered again at the next stop along the chain. Standardization and integration of data and systems will introduce huge efficiencies to the process.
By streamlining the process of moving a business requirement from inception to conclusion, we can remove much of the inefficiency and waste that has become inherent to that process. We can introduce up to date integration designs both at the IT and process level to quickly move the process from one department to the next upon completion. The outcome is a streamlined organization that is no longer “bleeding money” due to inefficiencies and as such is making money “from the inside out”.
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Difference Between An Affiliate & Super Affiliate
It's a bird, it's a plane, it's Super Affiliate! Corny, but "super affiliate" is the new buzzword for affiliates who are both ambitious and successful at affiliate marketing. There are wild claims online about affiliate marketing: Make Millions Overnight! Never Work Again! Unfortunately, these claims are usually false. To go from being a plain affiliate to super affiliate takes a lot of work. In short, you need to be an affiliate of steel.
The vast majority of affiliate marketing sites online are run by people who have no great interest in turning a huge profit. For example, you'll find thousands of blogs where people put up a few Amazon listings and/or Google links on the off chance that a passing browser will click on them. That's all well and good, but this is no way to make a dent in the affiliate marketing game. To be a super affiliate, you need to treat affiliate marketing as a job, not just something that you do on the side to put a couple of bucks in your pocket.
There is a misconception that affiliate marketing is not a real business. After all, the affiliate is not putting out a product. This is patently false. Even though an affiliate marketer is not manufacturing a product, he or she is still offering the product up for sale. An affiliate marketer still needs to be in charge of search engine optimization, custom content, quality web design, financial management, and everything else that goes into running a successful e-business. As with any business, an affiliate marketing plan is only as strong as the amount of work you put into it.
A super affiliate will be able to turn as hefty a profit as a standard business—several sales a day on a number of different fronts. Remember, successful affiliate marketers don't necessarily stop at one site. They set up a variety of affiliate sites with a good web address, quality web design, and lucrative affiliate marketing opportunities. Additionally, once you start selling at an accelerated rate, some affiliate programs will promote you from regular affiliate to super affiliate. If you start sending sales and traffic to a business, they will reward you with better terms.
This isn't an easy proposition, but it is possible. Make sure that an affiliate program has a corresponding super affiliate program in place—better terms for more sales. Even if they don't, an affiliate with good terms up front can really pay off if you're able to make a several sales a month. Affiliate programs with great terms are also sometimes referred to as super affiliates. Find these and you know you'll have a good marketing in place at the start.
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Qualities Of Entrepreneur With Examples

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