Successful Entrepreneurs Secret
Hi friends
Today everyone wants to start their own enterprise and wants to become successful entrepreneur but few reach to that peak and there are three reasons that a entrepreneur's have in their life which makes them happy and successful are Smarts , Guts and Luck .If a person is having all these things in his/her life than he/she can become good entrepreneur in this world.So lets have discussion on them.
SMARTS
Successful Entrepreneur's possesses good understanding, intuition ,emotional and conceptual intelligence thus they can find the solution of the problem quite easily without using much analysis and books and this is themain difference between a CEO and Founder as Founder knows how he can take his company on top and CEO uses or implements the strategies given in the books to get success.
GUTS
Successful entrepreneurs have so much guts that they always ready to take risks in their business and everyone knows that if their is risk their is success and also entrepreneurs never think of the resources that they not having they always think positive and remains happy with the resources that they are possess.Successful entrepreneurs always have passion to be on top of the world and this intiution makes them successful in their life .
LUCK
To be successful in this globe with hard work they also need luck in their life and if a person have ability to work,is smart,have guts and also have luck then he/she can become successful entrepreneur in their life.
So if a person is Smart , have Guts and also have luck with him then no one can stop him in becoming a successful entrepreneur in this world.
BEST OF LUCK
Thursday, June 18, 2009
Successful Entrepreneurs must avoid this
As in my last post I told you about three important secrets of the successful entrepreneurs are SMART,GUTS and Luck if the person is having these qualities than he can become successful entrepreneur in his life
But if the person start feeling he is the emperor of the world and develops these characterstics in him such as PERSISTENCE and STUBBORNESS,CONTROLLING INTEREST and TEAM LOYALTY than definately it will hamper his life and hinder the success of his company.
PERSISTENCE and STUBBORNESS
It is right that person should be persistent towards his goal and success of his company but when persistence mixes with stubborness than the problem arises .Stubborness is heaven when it is right but hell when it is wrong .When this mixture comes out than possiblty of getting or taking right decision will be hard .
CONTROLLING INTEREST
During the early stages of company growth entreneurial vision is very important to keep eye on every task that is going on but as a company grows, entrepreneurs need to demonstrate not only that they can do the task but also that they can appropriately delegate. Fast growing businesses quickly move beyond the ability of one person to manage without proper delegation and should show his potential at every point in the growing company.
TEAM LOYALTY
Loyalty should be there and is culturally important, but it should not be confused with the performance and future needs of the organization. As a start-up becomes a full-fledged business, an entrepreneurial leader has to be prepared to deal with difficult and personnel situations where business decisions need to be made for the interest of the company and not personal or historical reasons.
So Please all the entrepreneurs avoid this in you
But if the person start feeling he is the emperor of the world and develops these characterstics in him such as PERSISTENCE and STUBBORNESS,CONTROLLING INTEREST and TEAM LOYALTY than definately it will hamper his life and hinder the success of his company.
PERSISTENCE and STUBBORNESS
It is right that person should be persistent towards his goal and success of his company but when persistence mixes with stubborness than the problem arises .Stubborness is heaven when it is right but hell when it is wrong .When this mixture comes out than possiblty of getting or taking right decision will be hard .
CONTROLLING INTEREST
During the early stages of company growth entreneurial vision is very important to keep eye on every task that is going on but as a company grows, entrepreneurs need to demonstrate not only that they can do the task but also that they can appropriately delegate. Fast growing businesses quickly move beyond the ability of one person to manage without proper delegation and should show his potential at every point in the growing company.
TEAM LOYALTY
Loyalty should be there and is culturally important, but it should not be confused with the performance and future needs of the organization. As a start-up becomes a full-fledged business, an entrepreneurial leader has to be prepared to deal with difficult and personnel situations where business decisions need to be made for the interest of the company and not personal or historical reasons.
So Please all the entrepreneurs avoid this in you
Reasons for Putting SME Out Of Business
Hi
At this time I am working with a startup company and I found these problems that my company is phasing .With this blog I want to communicate to all new entrepreneurs that they should avoid these circumstances in their new business.
Focus Entrepreneurs must have clean and clear focus i.e they should know what they want to achieve and where they want to see his/her organization after five years.
Information Entrepreneurs do not emphasize on market research and do not count who all are their competitors, what customers wanted facilities that are not given by the existing companies so they must do market research before entering into market
Joint Venture At the starting if organization signed a joint venture with the stabilized organization than at the starting they can create a name in the market and can grow with full of colors
Marketing and Advertisement At the starting entrepreneurs think advertisement and marketing will not benefit much but it is necessary tool to make impact in business so they should invest in marketing and advertisement to get good return
CRM If a customer comes in the new store and employees do not behave properly with them properly and do not give discounts or offers to them may be next time they will go to their old store so it should be avoided.
Training If the employees are not having full knowledge about what they are selling than it is hard to get to the customer as they will not be able to fulfill customer’s demands so they should be given proper training to them.
Finance Entrepreneurs do not have full details and maintain their Balance sheets, Sales tax records, License, Insurance than in the future they would face problem so they should maintain all ledgers and their Finance Reports.
Profit rather than Sustaining Entrepreneurs in the starting emphasize mainly on small profit rather than creating value for customer and retain the customer permanent member it should be avoided so create value for customers
So new entrepreneurs comes in business with broad mind rather than narrow mind
THINK BIG GET BIG
At this time I am working with a startup company and I found these problems that my company is phasing .With this blog I want to communicate to all new entrepreneurs that they should avoid these circumstances in their new business.
Focus Entrepreneurs must have clean and clear focus i.e they should know what they want to achieve and where they want to see his/her organization after five years.
Information Entrepreneurs do not emphasize on market research and do not count who all are their competitors, what customers wanted facilities that are not given by the existing companies so they must do market research before entering into market
Joint Venture At the starting if organization signed a joint venture with the stabilized organization than at the starting they can create a name in the market and can grow with full of colors
Marketing and Advertisement At the starting entrepreneurs think advertisement and marketing will not benefit much but it is necessary tool to make impact in business so they should invest in marketing and advertisement to get good return
CRM If a customer comes in the new store and employees do not behave properly with them properly and do not give discounts or offers to them may be next time they will go to their old store so it should be avoided.
Training If the employees are not having full knowledge about what they are selling than it is hard to get to the customer as they will not be able to fulfill customer’s demands so they should be given proper training to them.
Finance Entrepreneurs do not have full details and maintain their Balance sheets, Sales tax records, License, Insurance than in the future they would face problem so they should maintain all ledgers and their Finance Reports.
Profit rather than Sustaining Entrepreneurs in the starting emphasize mainly on small profit rather than creating value for customer and retain the customer permanent member it should be avoided so create value for customers
So new entrepreneurs comes in business with broad mind rather than narrow mind
THINK BIG GET BIG
Friday, June 5, 2009
Cost Saving in a Tech Way
In the current scenario it is becoming hard for the small players to retain in market so they are adopting different methods to retain in market and not surprisingly they are focusing on spending Information technology not on technology but on cost saving technology. In this scenario business process need to be innovative and efficient enough and adapt and scale to market requirements. It also needs to integrate with the partners, suppliers, retailers and consumers and to achieve all this they have to use information technology to achieve the business objectives.
Benefits
Enables them to innovate something
Respond to the market as per the requirement.
Helps in taking quick and right decision
SME’s have become a key focus area for the IT service providers in this recession time who want to keep their growth so they are finding that SME sector is having some scope that can help them to grow.
The vibrant growth in SME sector also made a significant contribution in GDP of India.
And it is the reason that IT service providers are launching their new ideas and software’s in the market for SME’s and expecting 22% growth in IT sector will be through SME sector only. It will also help the small enterprises to compete with the foreign enterprises and meet their standards.
Open Source Software
Open source software implies that the source code is free but some of the rights are associated with some software company but these Open Source Software are easily available for a small fee.
Benefits
It gives the organization full right to code the software according to their use
It also helps in saving large amount of cost.
Enterprise Resource Planning
ERP is integrated software that manages and coordinates resources and information at a single point from share data stores. Either it would be Corporate finance, manufacturing Plant anyone ERP plays a big role in their maintenance and growth.
Benefits
Speed: When ERP is implemented in an organization every thing is maintained so quickly and easily.
Reduction in risks
Help the managers to taking decisions.
High Return on investment (ROI).
Software as a Service
It is a particular type of software deployment in which vendor provides the software on a superscriptions basis in which organization can use some of the features of the software only .This helps the organization in cost saving.
Benefits
In this implementation time is short so it helps the organization to get benefits quickly.
It also offers the organization to quickly migrate to standard application.
Service providers make huge investment in data backups and recovery process so the risk of data is least.
Application Based Software Delivery
Application based software delivery is like SAAS only but with some new and additional features. It is preinstalled and pretuned combination of hardware and software models that plug into network quite easily.
Benefits
Secure solutions that makes sure that organization data is secure and preserved.
Reduction in cost and thus saves money.
In the end we can say that success of most of the Small Scale and Medium Scale industries depend upon them how efficiently they are using Information Technology in their business and how much they are saving money and making profit after adopting the technology
Benefits
Enables them to innovate something
Respond to the market as per the requirement.
Helps in taking quick and right decision
SME’s have become a key focus area for the IT service providers in this recession time who want to keep their growth so they are finding that SME sector is having some scope that can help them to grow.
The vibrant growth in SME sector also made a significant contribution in GDP of India.
And it is the reason that IT service providers are launching their new ideas and software’s in the market for SME’s and expecting 22% growth in IT sector will be through SME sector only. It will also help the small enterprises to compete with the foreign enterprises and meet their standards.
Open Source Software
Open source software implies that the source code is free but some of the rights are associated with some software company but these Open Source Software are easily available for a small fee.
Benefits
It gives the organization full right to code the software according to their use
It also helps in saving large amount of cost.
Enterprise Resource Planning
ERP is integrated software that manages and coordinates resources and information at a single point from share data stores. Either it would be Corporate finance, manufacturing Plant anyone ERP plays a big role in their maintenance and growth.
Benefits
Speed: When ERP is implemented in an organization every thing is maintained so quickly and easily.
Reduction in risks
Help the managers to taking decisions.
High Return on investment (ROI).
Software as a Service
It is a particular type of software deployment in which vendor provides the software on a superscriptions basis in which organization can use some of the features of the software only .This helps the organization in cost saving.
Benefits
In this implementation time is short so it helps the organization to get benefits quickly.
It also offers the organization to quickly migrate to standard application.
Service providers make huge investment in data backups and recovery process so the risk of data is least.
Application Based Software Delivery
Application based software delivery is like SAAS only but with some new and additional features. It is preinstalled and pretuned combination of hardware and software models that plug into network quite easily.
Benefits
Secure solutions that makes sure that organization data is secure and preserved.
Reduction in cost and thus saves money.
In the end we can say that success of most of the Small Scale and Medium Scale industries depend upon them how efficiently they are using Information Technology in their business and how much they are saving money and making profit after adopting the technology
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