Business and Finance Lectures

Posts Tagged ‘Entrepreneur’

As an entrepreneur, I met a lot of friends entrepreneurs who run businesses with different styles. There is a businessman friend who uses what we call management or entrepreneurship as a style of “managerial”, but there also does business with the use of force

I guess, with any style of entrepreneurship that we apply to our business, we remain an important business can be run and developed. It all really depends on each one of us. Originally we established with this style, so just do it. Because, if we’ve established, then the business that we run now would be more steady success.

There have been many proven, that employers who use the style of entrepreneurship  proved its success. This style puts four functions of management, namely production, marketing, human resources, and finance, focusing on the entrepreneur. My friend own tremendous success with this style.

In the skipper usually prefer to work as employees only, and do not be surprised if we later become difficult to distinguish the role. Can at times be an entrepreneur or business owner, business as well as employees, as finances, and so forth. It was once again due to a-4 management functions do for himself. While employees who work in his company, only serves the job or technical delegates only. In the meantime, there is another friend of mine who runs so engrossed with the persistent style entrepreneurship “managerial”. This means that all four management functions delegated to managers at the company. And, it turns out the style of “managerial” is also equally able to succeed.

We observe managerial style does tend to make us more willing to delegate and responsible to the manager or our employees. We also encourage them to provide opportunities improve achievement. Temperance like this do not exist in the style of Faced with two choices that, ultimately it depends on our own. We want to choose the style of entrepreneurship which one we like. Are we going to choose the “managerial” or  important of all it depends on stability of our

In an entrepreneurial training program held Entrepreneur University, some time ago, I asked participants, “How are we self-employed but do not have the capital?” I replied, “the key, windfall!” That stands for “Courageous, Optimistic, Money, Other People.

That is, if we dare to become entrepreneurs or entrepreneurs, of course, we must have courage. Not only dare to dream, but also dare to try, dare to fail, and dare to succeed. I think this is important and we must have. In addition, we also have to be optimistic, it will always be confident about the future, confident in the ability, and also stop the flow of negative thoughts.

And, we do not easily believe in the myth which says, that these efforts could not have started with knee capital. Similarly, the myth says, that the knee capital means starting small – scale. I believe that if we believe that our business will do, must be able to walk. Even if later in the middle of our street capital difficulties, suppose it is only natural in the business. Because, in fact one of the characteristics of business or to grow our business is always just a lack of capital. If we grow the business forward and increase turnover, then also required to provide additional capital.

In short, with turnover rising, we are faced with the difficulty of capital, we need money. Money it can from where? If you have a legacy and not saving a lot of problems. If not there? Money that we can get from other people money or debt. Moreover, capital entrepreneur whose name is the knees. So no dengkulpun, can borrow someone Else’s knee. Or let’s say, ultimately in bank debt, or debt means that we can prove that we are trustworthy. Credible …

So the greater our debt to the bank and is not jammed, the greater the confidence in our banks. So confides an entrepreneur is measured by how big the debt gets, and we are increasingly respected. Therefore, our debt rose flowers are used to finance the bank’s operations, including salaries of the employees and the interest of the depositors.

Remember, the bank’s business one source of income from interest on the loan. That we owe to that used to develop the business, then of course it’s not impossible to precipitant gangplank new work. That sang ant useful. Is that his name is not noble?

Business opportunities for women, is actually very large. Not just for now, but also for the time to come. In fact, business opportunity Entrepreneur woman is actually bigger than the male entrepreneur.

That’s because he has a surplus. The surplus is located precisely on the “feminine”. Wherein, the figure of the woman entrepreneur is superior in the negotiations. That’s probably because of flexibility or flexibility. Or the term Temple G. Brush, assistant professor of management police of Boston University, entrepreneurial women are more cooperative, informal, and easier to build consensus with other parties.

Preferably, the male entrepreneur tend to be more competitive, more formal impressed, and prefer to think systematically.

Moreover, in my opinion, women entrepreneurs also tend to be more intuitionist business. So I’m sure, if able to develop its advantages, it also will expand its business certainly remarkable. As if we see, the success of women entrepreneurs

Only, unfortunately, I saw a woman entrepreneur is generally known too careful in doing business, and even too afraid to take risks. Thus, if the weakness of governance that does not work properly, it will clearly result in the number of women entrepreneurs who jumped into the business world at present, relatively small.

For example are relatively fewer in number than if we compare it with the members of the Chamber of Commerce or similar organization  or a “male”. Perhaps it could have been because most businesses are owned by women entrepreneurs, much less than if they worked on a Vendor. As revealed by a study from the Institute for Women’s Policy Research in Washington DC.

Meanwhile, mergers Lovero, director of the Entrepreneurial Center at Manhattan College said, that it is difficult to develop women entrepreneurs forward, also because they tend to maintain his small business. Because, for him to be great, but rather on a desire to try to support himself or standalone, bring balance and flexibility in managing their daily time. But if he worked at another company, flexibility does not get.

In this context, perhaps it’s good business right now among women entrepreneurs, need to be encouraged on the business activities of domestic industry, the more likely the business or entrepreneurial spirit can continue to grow. Therefore, I think even the courage of women in the corporate world to pursue not for the courage that made the male entrepreneurs, women entrepreneurs  if you want to grow his business, he should dare to take risks, and more willing to establish business networks more broadly.

Being an entrepreneur / businessman there is art in itself. He should be able to face a variety of conditions to achieve success. Sample only the life story of the founder of Apple Inc.., Steven Jobs. Therefore honed business acumen and personal quality remained improved. On this occasion M. Reza Sharif (Trainer and Motivator) tries  in the book Heart Smart Smart Business.

This book talks about the success of a business from various aspects of good motivation, strategy, and the ways businesses in living their lives. Moreover, in this book there is also an interactive dialogue with Reza on various issues of life and business.

As I mentioned above has been discussed many aspects of the book of this fee that is practical. Short and weighted. There are so many values ??that can be taken. I try to abstract some tips from this book to become a successful entrepreneur and resilient:

1. Not having a job but KEEP STILL works!
2. Think BIG, START small
3. Become a money magnet “The Money Maker” instead of “Job Seeker”
4. Continue to struggle, Risen from failure
5. Capital is not just money. Believe in your own potential!
6. Ready to face good condition PROFIT and LOSS
7. Many give in advance before receiving more.
8. HIGH Risk HIGH Profit brave, not even remotely secure the crucial
9. Eat nutritious foods high for the quality of business and life.
10. Love your business! Keeps you up from failure.
11. Still have the MOTIVATION to death
12. Big Bang: Make a breakthrough in the effort!

What is the difference between a successful entrepreneur with a worker? Apparently there are some aspects of personality differences between entrepreneurs and employees who worked as a professional office. By recognizing these differences, it would be easier for college graduates or former employee to successfully go into business, because they might be able to mimic the attitude of life of these successful entrepreneurs. Here’s the difference between employers and employees is reviewed in several aspects:

• Planning for the Future

Prof. Saras Sarasvathy, a researcher at the University of Virginia Darden School of Business where he completed a study comparing 45 Super Entrepreneurs (all have at least 15 years of experience, has established at least four companies and one company is going public) with a group of CEOs (professional) that large firms equally successful. One of the key findings is the difference between how entrepreneurs and executives of large companies planning approach for the future.

Sarasvathy found that Type Professional (the office) use “causal reasoning” (causal reason), which means they tend to set goals and develop a systematic plan to achieve it. That is, they start with a goal and then figure out how to get there.

Meanwhile, Super Employers use the “effectual reasoning” (excuse the effectiveness), which means they begin to see themselves and the excess resources they have and then ask themselves what they can create from that resource. “They’re not like a gambler,” said Sarasvathy in brushed off one of the myths about entrepreneurs, “they are more like a chef who has the skill to process materials that are available in a delicious way to make us want to pay more to taste the final product.”

That does not mean employers do not have a purpose, only the broad goals. Like a suitcase that can be shifted during flight. Instead of busy looking at the potential customer segments, they are itching to get to market as quickly and as cheaply as possible. Sarasvathy calls it the principle of “affordable loss” (loss of affordable). Repeatedly, the entrepreneurs in his research showed impatience with anything that smells of extensive planning, particularly the conventional market research. (In other studies of media Inc. ‘s found that 60 percent did not write a business plan before launching their company. And only 12 percent had done market research

If you provide the data that has to do with the future, they simply reject it, “he said. “They do not believe that the future is predictable … or they do not want to be in space is extremely easy to guess.”.

One correspondent opinion of entrepreneurs, namely: “I always live by the motto of ‘Ready, fire, aim.’ I think if you Spend too much time doing ‘Ready, aim, aim, aim,’ you’re never going to see All the Good Things Happen That would Actually if you started doing it. I think business plans are interesting, but They have no real meaning, Because you can not put in all the positives of Things That Will occur … If you know intrinsically That this is possible, you just have to find out how to make it possible, the which you can not do ahead of time. “

However, Sarasvathy suggests that entrepreneurs and research adopts a more formal planning practices from time to time. Their ability to think in causal (moist-effect) as well think effectively, help the group maintain and develop the company of employees is very focused on potential competitors. They are also very curious information about other companies. “People were like a bevy of corporate hunter” said Sarasvathy said. “They’re hired to win market share, so they are concentrating hard on who is on the market. The first thing they do is map out the competition … “.

Here’s one of their opinion about a competitor, “What information do I want about my competition? I want to see what kind of resources they have. Do they have a computer programmer? Do they have a teacher and coach who could introduce this product?. Do they have a support structure in place? Geographically, where they are? (And so on …) “.

Meanwhile, at the time of issuing investment businessman, surely they should already know what in the minds of competitors as much as possible. But in fact, research shows they are generally not so concerned about the competition when establishing his business.

“Your competition is a secondary factor. I think you’ve put the cart before the horse … Analyze first whether you think can be successful or not, before you worry about a competitor … “

Having his own business as an alternative to get current income. The higher the awareness that life can not hang from work, make twisted growing business. Although there is a big challenge ahead of us.

Absolutely necessary in order to start a business, not just part of it. There are still many people who start a business in the wrong way, in a way that is still simple. Though times have changed. Business concept antiquity would certainly different from today.

Life is choices, and we are the ones who choose what kind of life we want, not someone else. The more we are optimistic about our goals, the more we are closer to that goal. Conversely, the more we are not sure, it will be more away goals. Starting a business with confidence that mantab is absolute.

The first thing that must be considered in starting a business is that we should ask about what is required by the market. Not the other way, we make products without knowing in advance what is required by the market. If by chance it takes, you’re lucky. If not needed, then you will stump.

The meaning is required by the market is the market really needs, while providers of products or services are still lacking. In addition, we also have noticed the number of markets that require such products. If a little, start a business in that environment certainly less promising.

Many people who start a business and get a little success, and are reluctant to learn and grow. And learn that knows no bounds. When you are successful in one field, then learned more in that field.

If you’re more familiar with your work area, then you will find lots of new business opportunities that await your golden hands.

Dare to take calculated risks is a key early in starting a business, because the results will be achieved will be proportional to the risk to be taken. A calculated risk with good will give more chance of success.

And this is the key factor that differentiates the entrepreneur with the manager. Entrepreneurs will be required at the early stage development company, and managers needed to manage a company that has been advanced.

Good communication and selling expertise will assist you in starting a business. expertise is the key to successful selling. And the ability to understand and master the relationship with customers will help develop the business in that phase.