Business Editorial

Archive for the ‘Entrepreneurs’ Category

Those who are accustomed to read the articles of this blog have read one of the most famous quotes by Henry Ford, one of the great entrepreneurs in history. Today we will focus on five of the many ideas that he said during his successful business life and that is good advice for entrepreneurs.

Anyone wishing to undertake should be aware of this reality. A company can not exist without its customers. Every decision you make, every reflection on the business strategy has to focus on the customer first. Because there is a larger truth that business: you pay your client list.

This advice is very important. Many times in life you have to negotiate business. Examples abound, from the rental of premises to the conditions of employees going on with customer contracts and purchases with suppliers.

Good negotiation requires understanding the point of view and needs of another person. If we close ourselves and our self-interest alone, we can get some gains but long term we are lost.
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I wanted to acknowledge the existence of various differences between paying with a promissory note to a consolidated company to pay it a new creation. Although I recognize that can affect both, I think the more risk you take the new, for its usual lack of capital.

Before accepting the note as payment has to take into account many factors and echo many numbers have to check you can actually meet its obligations ( tax, suppliers, workers, supplies, etc…) not to be left “hanging” as they say, hoping to collect a promissory note to pay.

Would be a great advantage to have a line of deductions in the case of having several charges this method.For those unfamiliar with the term, I explain that a line of discount is a financial product that consists, in the advance of our notes by the financial institution with which we work. Sounds great, but it is necessary to take into account the interests and charge us the usual conditions with notes, follows the most common: Read the rest of this entry »

Would you like to be your own boss and make money for yourself?  Many people have started businesses on their own initiative and have done many  well.  In fact, if you have found this blog gift you have shared many articles that promotes the entrepreneurial spirit in people.  We could say that is a derivative of freelance entrepreneur, in a way that is self-employed earning revenue by offering their services through internet.

But before I continue I would like to explain what is a freelancer.

What is a Freelance?
According to the well-known and Wikipedia gives the following definition: “It’s called freelance worker or freelancer (or self-employed and independent cuentapropia) the person whose activity consists in carrying out work of their own occupation, trade or profession autonomously,  for others who require their services for particular tasks, usually his salary paid not according to the time spent but the result, no contract required both parties to continue the relationship beyond the request made. ”

So as you can tell a freelancer is offering its services very independently in order to “generate revenue on their own.”  If you are interested in becoming a freelancer there are endless ways to make yourself known to your target market.  One of the main and best known is the internet, there are hundreds of sites where you can register and thus make yourself known to people who need your services.  For Mentioning an example is a site dedicated to publishing service called TrabajoFreelance.Com freelancers.

To learn more about the Freelancers and very great advantages of working this way, why do not you see around the site and offer your services?  maybe someone out there needs someone like you.

Businesses, like any business, living off income from sales.  In the case of stores of all kinds, there is an element of personal, through a counter, direct customer care and a bit of psychology there coupled with acceptable products and reasonable prices for the consumer to buy them.

The key element in the process of persuasion, sales and collection is, without doubt, the employee or vendor counter.  Its function is so critical that we devote more space to it.

The employee-vendor shop

The man or woman who goes to work in a shop is usually someone with little experience and few studies.  However, the work of serving customers is something you learn quickly, although you should always evolve and train a permanent basis.  So let us first see where to get that personal.
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If one is already working at present no other way to manage to see how we can transform into a valuable item for the company to work for. Otherwise if we have an independent entrepreneurial spirit, a good start would be to create something useful for our boss and take it as a starting point for when we establish our enterprise.

The case of Google is a good example. They have a program called “Innovation Time Off” where employees can spend 20 % of their time to develop different independent projects. Services like Gmail, Adsense and Googe News were created in these programs. But if ustdes are currently working, one of the ways to undertake would be to think some new aspect that allows you to take an important step for the company.

Once you have identified the idea, the next step is to research the market on that idea and design a prototype. The reality is that most executives do not give rise to new initiatives to preserve the status quo, so it is necessary that we show them how it works and not wait for permission. Read the rest of this entry »

The desire to be an entrepreneur, own your own time and your own business is an idea that just might not have occurred to you, but to many people around the world.

And by nature we are all entrepreneurs, some in more measured than others, but always have the desire to be the intention of completely changing our lives and give a hundred and eighty degree turn that impels us to be masters of our  same time, our own destiny and lead us why not to “fire your boss….”

Surely you will have plenty of ideas occurred throughout his life… However, you asked yourself any of these questions: how many of those ideas can become business ideas…?  What I lacked that my idea could be a business idea…?  How I can know if I’m facing a real business opportunity…? Read the rest of this entry »

There are many books about the undertaking, full of tips, examples, experiences and tools to simplify the work and not reinvent the wheel. Also, with a simple search on the web are thousands of items with the same purpose. What surprises me is that all this literature is so clear and orderly that I have often wondered what I was doing wrong, because it seems that because the steps as indicated was not getting the same results. Although I had read the book “9 Super Simple Steps To Entrepreneurial Success”by Martin J Grunder Jr. because it is not clear to me until I saw the work of Richard St. John and his investigation of the keys to success:
1. Passion – Choose a passion-driven and it generates your business idea. The most important thing to remember every day that you do for love, not money.

2. Work – Nothing is easy, we must work hard. But at the same time you generate satisfaction for the work outweigh the efforts. A Tip: To make the effort possible set achievable goals.

3. Focus – Dedicate your efforts to one project at a time. Do not try to cover two projects at once.

4. Push – Push yourself physically and mentally to perform the tasks. Clarify your doubts and fears. Believe in yourself.

5. Ideas – Listen, observe, be curious and ask questions, solve problems, expand your network of contacts and surround yourself with talent.

6. Enhance – To be successful dedicate yourself to a rubric and become very good at it. It’s not magic: Practice, practice, practice! And do not forget how good you are communicating clearly.

7. Serve – Make an offer added value and serve your customers. The value that you put will be detected by others.

8. Persist – the first reason for success. Continues to failures, criticisms, rejections, the idiots, and pressure.

Being an entrepreneur is not easy, there is a long way to go the most important thing is to have healthy personal finances and your business succeed.

Here are the most common mistakes of entrepreneurs must be avoided to avoid failing in your business.

1.  Paying high interest on a loan. When we contract a debt to finance a project we have to evaluate the conditions of the loan, ie the term, interest rate and fees we charge for testing.

2.  Do not have an emergency fund. We often face unforeseen situations, so it is vital to have a fund to meet unanticipated those cats.

3.  Borrow to pay off other loans. It is very common to borrow from another bank to pay another debt, it is best to restructure the debts or unified to pay less interest.

4 .  Low vision. If there is anything that characterizes entrepreneurs is that they are visionaries, ie anticipate the future and seize opportunities that others miss.

5 .  Despair. For a business to be profitable at least have to take 1 to 2 years, so you do not have to despair so soon, is constant and you will see that eventually the results come by themselves.

One of the biggest mistakes in time of crisis is to reduce the training budget. Investment in intellectual capital is one of the best ways to increase the productivity of the company and society.

Now that the technology is available to the vast majority of companies, the ability to educate employees to perform new tasks in a short time is what helps build a competitive advantage.

In the knowledge economy, learning to use available resources to create wealth faster or make our company lose large sums of money in no time.

Investment in training and development of our staff brings great benefits to the individual, company and even the community.

Among the benefits received by the company are:

* Trained staff to perform their tasks properly.
* It increases the profitability of the company.
* The relationship between employee and the company is strengthened.
* Improve communication among employees.
* The company contributes to the formation of leaders and community leaders.

The employee, meanwhile, benefit by receiving training, because:

* Grow your knowledge or skills about a specific topic.
* Achieve individual goals more easily.
* Making better decisions and solve problems better.
* Increased self-esteem and job satisfaction to resolve or prevent incidents.
* Is prepared to perform more complex tasks and access to senior positions.
* Strengthen the relationship with the company.

Further training to fulfill their task of educating the individual, increase staff motivation and improved working environment, enables companies and employees are at the forefront of the processes and uses of technology and improved company image .

However, training is not a panacea. It solves all the problems of the organization. The training is part of a process that requires a diagnosis and proper planning as well as being aligned with the needs and values of a company. Must be delivered by trained personnel and must be thoroughly assessed. It should also be designed to improve performance not only be given to meet the requirement of law or rewarding staff, should take into account what the real needs of the individual.

If training is successful, the investment returns in both the short and long term. And in the long term, the company will earn higher profits if it can concentrate the knowledge gained by their employees and manage it properly.

In my experience, wearing a business actually contribute to the likelihood that you’re still about five years as a successful entrepreneur. It can be a compass for your company and helps to keep your focus. The condition is that you only make your business as much as you know your market, your customers, your product / service and financial support. Then there are choices in business conditions. Then when the show proved more resistant than you thought you can start turning your rudder and shift your course, but still keep your compass. The business as a starting point has been made in preparation to launch, are often based on assumptions and as obligatory item was created. These plans usually disappear into the trash after the comparison with the practice. Read the rest of this entry »