Showing posts with label entrepreneurship. Show all posts
Showing posts with label entrepreneurship. Show all posts

Sunday, January 1, 2012

Point of View: Why You Should Concentrate On Your Own Business



Welcome the year 2012 with  positive aptitude, attitude, with open state of mind, with self made ideology, and the right kind of strategy to keep up on the success  pathway throughout the year.

Many have been side tracked due to a variety of circumstances, with the right kind of opportune and that moment in time. We got sidetracked without even thinking at first preference to concentrate on the business. We were sidetracked at something new which was brought to us in the form of spontaneity. Hence, we unconsciously and happy to accept another form of job brought by or introduced by our friends. What I am trying to point out is that we can easily be sidetracked to acknowledge or do something else. So, stop doing other things, just focus on building your own business. Remember, if you don’t expand your business, who will?

Don’t Get Sidetracked by Others
Your own business will set to fail if you also wanting to do MLM, part time insurance agent, part time public mutual fund, part time lecturing,  online affiliates, online clicking, part time doing business for others. Please remember, the organizations or principles of those business highlighted above don’t care about your business. What they are interested are the results that you are going to bring in upon joining the organization as agent or broker.  Learn to say ‘No’. Instead you should be pressured to deliverer results for your own business. That’s what you should be doing.

Concentrate in Your Business Not Others
If you are running a small business or SMEs, you cannot be sidetracked of doing other things than yours. You should pay attention to details about your own business from A-Z. Even if your business is small, all the more you need to grow your business. If you divert your time and energy of doing something else, your business will hurt gradually and set to fail. People who are pulling you away or diverting you from your business to join them will not even talk about your business or trying to promote your business. Generally, people are more concerned to achieve their set goals. So, why would you be so contented to help others when others don’t really care about your business? The morale of the story is helping your business first before helping others. Think of yourself first. Sound a bit self-centered but this is the reality in business if you want to be successful.

Be Confident About Your Business
No matter how big or small your business is, you should be confident about your business. Build the self confident by believing in yourself & your business is the key to survive and stay in business. If you don’t believe in your product or service, who will? So, stay focus to only building your business.  Speak with confident about your business. Tell people about your business and how good or effective or better services your are giving or providing. Don’t be easily intimidated by others doing the same business like yours. Just keep doing your thing with passion. It will grow. If Lack of concentration to building the business, it sure to fail before you even get started.

Mix Around With Positive People
Don’t care what other people say about you or your business. Don’t be influenced by bad ideas or poor suggestions to affect or side-track your business. Always refer to someone who is highly resourceful in the business or refer to the trade organizations. Always mix with the right kind of people with success attitudes. Never mix or waste time with people having negative perspectives about business or about your business and having negative reactions towards your business or you. Stay away from all the negative factors and negative human beings.

Get Training the Right Kind of Training Skills
Many small business or businesses failed due to so many reasons such as lack of marketing skills, lack communication skills, lack of finance skill and others. You can avoid these failures by upgrading some new skills to yourself.  Some companies failed because they can produce the products but they do not know how and where to market their products. This is very common amongst the SMEs or small business. Many small businesses have been trained or went to get some training about the business development. But some how, some where something is missing.  What is it? The answer is most of the trainers that are training these SMEs or small businesses are not actually having the business background or own a business. Most of the trainers are purely giving tips by theory only. Not all the theories are applicable in some businesses. Some works but other theories won’t work. Surely there will be gaps or some essence in making or creating that particular business is missing or unfounded. Or simply never been explored or tested before. Finally at the end, how much you as the business or small business owner have gone for the training to develop yourself or your business seems not working.

How Do You Encounter the Problem
Don’t give up your business just because you are lacking some vital skills. Maintain doing your business as usual. Educating yourself by joining some business associations, buy books that are explaining in details about creating business and sustaining it. Join the Internet business networks with business owners actively talking or commented about business. Or check out for the companies that provide on the job business trainers and enroll for the training programmes. Always look forward to expand personal skills.

Stay Focus & Stay Resilient
Successful business owners are resilient in character.  Despite ups and downs, they can still manage to run their business. Never give up so easily. Stay focus to only developing your business. Believe in your products and services. Must be able to see or grab windows of opportunities to advance or develop new products or services. Or improve services or add new products

Always beware about your competitors. Stay current about business around you. Always take charge of your business.


Article Written by:
Wan Rosnah Ahmad
MBA International Management
University of East London, United Kingdom
WAN ROSNAH DOT COM
www.wanrosnah.com

Saturday, November 22, 2008

Community of Women Entrepreneurs



Dear All Women Entrepreneurs  of the world,

Just to share with all of you. This letter of invitation was posted to my other group network. The letter is self explanatory. Take a look........

I just  joined and how about you guys?

Regards,
Wan Rosnah




fromKim Bettcher 
reply-towomen-entrepreneurs-in-smes+owner@googlegroups.com
toKim Bettcher
dateWed, Nov 19, 2008 at 1:59 AM
subjectCommunity of practice for women's entrepreneurship
mailing list Filter messages from this mailing list
mailed-bygooglegroups.com
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logo.jpg

 

 

Dear women’s advocates,

 

The Center for International Private Enterprise (CIPE) has launched a community of practice for women’s entrepreneurship and a website to support the community:www.reformsnetwork.org/women.   I am seeking recommendations of leading women’s advocates who might contribute to the community and benefit from an international exchange on women’s economic empowerment. Kindly tell me if you know any such individuals (or if you yourself are interested), who  are comfortable communicating in English.

 

The Community of Women Entrepreneurs (CWE) shares ideas, experiences, best practices, and resources to empower women economically and politically. Members of CWE are leading entrepreneurs and business advocates who share their knowledge and in return receive fresh ideas from their peers. Discussions in the community focus on supporting a culture of entrepreneurship, expanding opportunities for women in business, and advocating for a better business environment.

 

Thank you for your support.

 

Best regards,

________________________________________________

Kim Bettcher
Knowledge Management Officer

Center for International Private Enterprise (CIPE)
1155 15th Street, NW • Suite 700
Washington, DC 20005

 

T: 202.721.9200 • F: 202.721.9250

KBettcher@cipe.org • www.cipe.org 

 


Thursday, November 20, 2008

Comparison of Entrepreneurs, Intrapreneurs and Traditional Managers

I am    authentic .... …..and highly motivated ….... I can accept small risks and I want to lead and I can’t accept too many instructions from others! My eyes will be scorching and sending smokes signals right away…. I can work in any environment and adaptable to any situation. I am  not easily intimidated….....I  can work for more than 10 hours a day. I am tough and so resilient….... I can  accept failures  and I will bounce back and never give up too easily! I try to be innovative and creative in order to sustain my business and differentiate from others. I am an entrepreneur!

The above  mentioned are  the  common  characteristics  that you should posses in order to remain successful in your entrepreneurial activities. 


Wan Rosnah


Which one of these categories best describe you? Check below!

 

Traditional Managers

Entrepreneurs

    Intrapreneurs

 

 

 

 

Primary

Promotion and other

Independence,

Independence and ability to 

motives

traditional, corporate

opportunity

advance in the corporate rewards

 

rewards, such as office,

to create, and money

 

 

staff, and power

 

 

 

 

 

 

Time

Short term- meeting

Survival and achieving 

Between entrepreneurial and

orientation

quotas,

5-to 10 year growth of

traditional managers, depending

 

and budgets, weekly,

growth

 

 

monthly, quarterly, and

business

on urgency to meet self-imposed

 

the annual planning

 

 

 

 horizon

 

and corporate timetable

 

 

 

 

Activity

Delegates and

Direct involvement

Direct involvement more

 

supervises

 

 

 

more than direct

 

than  delegation

 

involvement

 

 

 

 

 

 

Risk

Careful

Moderate risk taker

Moderate risk taker

 

 

 

 

Status

Concerned about

Not concerned about

Not concerned about traditional

 

status symbols

status symbols

status symbols - desires

 

 

 

independence

 

 

 

 

Failure and

Tries to avoid mistakes

Deals with mistakes

Attempts to hide risky projects

mistakes

and surprises

and failures

from view until ready

 

 

 

 

Decisions

Usually agrees with

Follows dream with

Able to get others to agree to

 

those in

decision

help achieve dream

 

in upper management

 

 

 

 

 

 

Who serves

Others

Self and customers

Self, customers, and sponsors

 

 

 

 

Family history

Family members

Entrepreneurial

Entrepreneurial small - business,

 

worked for large

small business,

professional, or farm background

 

 

professional,

 

 

organizations

or farm background

 

 

 

 

 

Relationship

Hierarchy as basic

Transactions and

Transactions within hierarchy

with others

relationship

deal making as 

 

 

 

basic relationship

 

Source:Pinchot, Intrapreneuring (New York: Harper & Row, 1985). pp. 54 - 56.

 



Friday, November 14, 2008

Do you wanna be an entrepreneur?




 

 


This is a tough job description and it is not an easy task for anybody to become an entrepreneur! Yeah, you may say that you are already a successful corporate manager or executive but that doesn't mean that you can guarantee your success when you ventured into entrepreneurship on your own.


When you are working for an organization, you are working with for a team of people. So, most of the job functions are already been assigned to each and every one to perform the task of the project. So the business performed or carried out based on the team work to ensure success of the business. So, if the project failed ….. The only thing you got is the yell from your boss or worst you get the sack. And eventually sooner or later you will find another employment some where. But if you failed in your business, your financial status will be distressed and it is not as easy as finding another job.


It is totally a different ball game once you entered the entrepreneurship world. You are completely creating the success and destiny of your business based on your performance alone. To be an entrepreneur, it could be very lonely up there. As everything you have to perform on your own. So, this is where many people were caught of not having enough skills or experience to perform their entrepreneurial activities successfully and most of the time their entrepreneurial activity just went busted in less than 2 years.


To ensure the success of your business, you got to have certain characteristics. Majority of the successful  entrepreneurs are found to have traits as leaders. You must be able to accept some small risks that come along. Willing to perform working long hours even Saturdays and Sundays you will be working. You must be innovative and far sighted in order to differentiate your business from others. You got to be resilient and tough enough to ride the journey along all the obstacles and facing problems of solving them. You got to be  business minded kind of person, should be decisive, dominant and belief in one’s own vision and goal setting are some of the classic characteristics of success factors in becoming a successful entrepreneur.


Other  factors needed are:  good communication skills, customer service skills, financial skills, IT literate and an ability to plan and be flexible are favorable. Greater knowledge in the business skills   are the  success   factors in the survival of your business.


Before you launch your entrepreneurship, bear in mind what type of business you want to venture. Know the location, what type of business suit you best, who will be your customers?  Whether you will need financial support from family or friends or banks?


You should ask yourself….if your business failed will you stay put with your business and nurture it or you are going to close it? If the answer is yes that you are to close the business then you are not ready to venture into entrepreneurship. Better to stay put where you are and enjoy your perks. Get some business skills and the feel of entrepreneurship. I would suggest that you read more books on entrepreneurship or get involve with some part time business… say running it from your home at first and gradually moving out to running a full time business.

 

In summary, most of the entrepreneurs failed at one time or other but they made it at the end of their entrepreneurship journey as they fervently believe in themselves and the product or services they venture into. 


As for me the journey of entrepreneurship is just like driving in a long  and winding road.....looks like I'm heading for the storm!


If you need advice do respond or  email me.

 

Wan Rosnah