Category: Entrepreneur

The Entrepreneur’s Team

Everyone says there is no ‘I’ in team, but where is the team when you’re an entrepreneur? If you are the only one running the business, the only one making the sales, the only meeting the clients and the only one bringing in the money, then where is this team that we speak of?

The answer: all around you. Believe it or not, you have a full force team backing you up – they just aren’t involved in the daily activities of your business. As soon as you realize who they are, you’ll be shocked to find out that you didn’t realize their efforts were helping you the way they were. So, are you ready? Let’s meet your team.

The Marketers

That’s right you have a marketing team. They are your family, your friends, and your clients. Your family and friends talk about your business, they rave about your services and they recommend you to people needing what you have. They are your social marketers. And, they aren’t the only ones. Your previous clients are also your social marketers. They are guaranteed walking billboards that are advertising your services to the max. Why? Ever went to a dinner where the service was great, the food was awesome and the overall atmosphere was like no other? Then, did you go to work the next day, call up some family, run in to friends and tell them about your great experience? This is the perfect example of clients doing the advertising for you! You were a social marketer and you were doing it all for free. Well, just like you may have done that, others are doing the same for you. People rave about good experiences; it’s a bragging experience for them and an advertising opportunity for you. Not only that, your social marketers can reach an audience of connections that you don’t even know. They can spread the word just like fire. They will remember that experience for a long time and bring it up in the future when people are talking about similar experiences. They are a long-term marketing campaign that can make a difference to your sales book!

The Accountants

Just to throw a little humor into the mix, the accountants are your spouses, landlords, roommates, and billing companies. Okay… let’s rewind. What am I talking about? Well these are the people that will be asking you for money at the end of the month. Your wife will want the new pair of shoes, your husband the beer, your landlord will be collecting the rent, your roommates will want groceries, and the billing companies… well, they don’t really care – they’ll just shut your services off. But in all reality, these are the people that help you stay focused on your financial goals. They are the ones that keep your bills in line and your head on straight. At the end of the month, they will let you know if you aren’t doing so well. They might not create the budget for you, but they certainly end up on it. Without these people constantly nagging for their share, you may not realize that time has passed and you are slowly going into the negatives. So as far as your team is considered, they definitely help set reality when it comes to the accounting side.

The Assistants

Okay, so they might not assist you with your business needs, but they do assist you with keeping positive and focused. I’m talking about your family and friends. Not only are they your social marketers, they’re also hear to encourage you and cheer you on. They are the ones that will give you the honest feedback and help your learn so you can grow. They will encourage you to try new things and overcome obstacles you didn’t think were possible. They are the positive re-enforcers that make going to work every day achievable. They are your team spirit and they assist you with the most important thing – staying positive and focused! So, remember next time a family member or friend offers an opinion, they are just looking at it from a different point of view and giving you a chance to learn and grow! Think of them as a team member and listen openly for suggestions. Most importantly though, these are the people who believe in what you are doing and that it will be successful.

The Resource Centre

When you need help or answers to questions, who do you turn to? I would like to say, those people around you. This could be friends, family, neighbors, clients, networks, the internet, and most importantly, ANYONE! You can’t tell me that when you were looking for an answer to something, you just ignored it and carried on as if you didn’t need it? Wrong, you went looking for a solution. And where did you find it? From your resource team. Everyone, everywhere that has had an impact or helped you solve something at some point in your business is a part of your resource team. This could be a 1-800 number that helped you through a problem, a forum on the internet that gave you a solution, or even a child of yours that helped you build your business online. Anytime you received help, that information was put there for you to access by someone. Someone taught it to you, and therefore, have now become a part of your resource centre. Think even beyond this, to the feedback you receive from clients and friends. These are resources that you didn’t have before. They are still helping you learn and grow as a company. Your resources are everywhere, and when you turn to them, they are a part of your team as well!

I could pick out other teams you may have, but in the end, I have proven there is a team in entrepreneurship. Your teams may not be running the business, making the sales, meeting the clients and bringing in the money, but they do help make these things possible for you. Without them, who would support you through your struggles, refer you to new clients, help you by giving you the answers you need, and make sure you’re financially okay? In reality, they aren’t directly involved with your company, but without them, would you still be as successful as you are? Here at our network, we believe there is no ‘I’ in team, but that ‘I’ has its own team.

Martha Whittle is a Marketing Assistant for the CFBE Network which specializes in helping coaches and consultants. “Our mission is to make you succeed. We are bringing together individuals like you and offering incomparable resources to help you along the way.” Visit us today at the CFBEnetwork.com

Tips To Become A Successful Entrepreneur

When people think of the word entrepreneur, they automatically think of success. Unfortunately, not every person who is an entrepreneur is successful. Being an entrepreneur simply means starting your own business, and doing your own things. While this requires more drive than usual, and can breed most successful people, there are plenty of people out there who have tried, and failed, in their entrepreneurial activities.

With that being said, there are different things that can be done to help someone in their quest to be an entrepreneur. There is no formula for being a successful entrepreneur; every situation is different, meaning that the way to be successful in each situation is unique. There are a few tips that can help you to be the successful entrepreneur that you are looking to be, however.

1. Be Patient

Patience is one of the most important aspects of trying to become a successful entrepreneur. There is a lot of hard work that goes into trying to build your own company or start your own venture. While there will be amazing highs, there will also be near devastating lows. The patience required for a successful entrepreneur will help you to whether the bad times, allowing you to push through to the good. No venture is easy; having the patience to stick through it and keep a level head is crucial to becoming successful.

2. Pay Attention to Detail

Becoming a successful entrepreneur is all about making sure that everything you do is the correct step. While there will be setbacks and mistakes, minimizing these errors is what separates regular entrepreneurs from successful entrepreneurs. By paying attention to detail, you will consider every aspect and think about every decision in a precise manner. This attention to detail is crucial for avoiding missteps that can be costly and ultimately lead to the demise of your venture.

3. Never Go it Alone

While becoming a successful entrepreneur is all about becoming your own boss, making your own money, and owning your own venture or ventures, it is not something that should be done alone. Having connections and a support system is important to becoming a successful entrepreneur. Having connections will help you to make your path to success easier, as these connections can hook you up with deals and information that will help. Having a support system will help you to stay focused when the times become rough. Going through an entrepreneurial venture alone may make it too difficult to become successful.

While there are many different aspects to turning into a successful entrepreneur, these few tips are the basic building blocks that are needed in every situation. Possessing these skills will help you to deal with the individual and unique issues that will show themselves as you start your career or new venture. By being patient, paying attention to details, and having a support system, you can put yourself on the path to becoming that successful entrepreneur.

What Is Necessary For Tier 1 Entrepreneur Visa

Immigration to the UK is based on several factors, and all the more, it is a point based system, and you need to be aware of this system if you want to register success at Visa office. This type of Visa has remarkable differentiation from Tier 1 (Graduate Entrepreneur). You need to show the proof of income and other means of investments, and there should be concrete proof.

What are the pre-requisites of Tier 1 Entrepreneur Visa?
Each type of Visa no matter the purpose it holds has certain prerequisites. These pre-requisites have to be strictly adhered to, right from the scratch. Here are the pre-requisites where you need to show your awareness:

Minimum of 200,000 available for investment

The prospective applicant to this type of Visa should hold the business venture in position of the director

It is also very important for prospective applicant to speak English to required proficiency levels

The applicant should prove sufficient information on his or her financial condition that would make authorities confident to provide support for themselves as well as accompanied members.

It is mandatory for the prospective applicant to take good share of business liabilities. He or she, by way of opening business in the UK must be successful in creating employment for at least 2 EEA residents.

The applicant has complete freedom to open any type of business activity; but should show full time engagement towards his or her business. He or she should not get engaged in any part time business activity apart from his or her own business.

The prospective applicant should have plenty of usable funds available with him or her to sustain the business activity, until it reaches to the levels where it becomes profitable.

The business plan put forth by prospective entrepreneur should be practical, goal oriented and convince the UK Visa authorities.

These pre-requisites seem to look simple, if considered from a wider sense. However, each of these listed prerequisites need to adhere to further requirements, both in terms of providing documentation as well as professional advice.

Conditions for Tier 1 (Entrepreneur) Visa

Once you qualify for the Tier 1 Entrepreneur Visa, you are going to get a 2 years Visa

Further extension of 3 years is awarded until the time business operations are heading in positive direction

Appropriate investment has been made by prospective investor and 2 jobs are created

The prospective applicant after a period of 5 years becomes eligible for applying to Indefinite Leave to Remain (Permanent Residency)

Business partners as well as their dependant children are naturally granted this Visa and have full freedom to work and join any school or university
Proceeding ahead

Having sufficient knowledge on Tier 1 Entrepreneur Visa will not do any real good, until and unless, you do not have a professional Immigration consultant working on your case file. The consultant should be OISC registered, and he or she will provide you advice and help on Visa applications and tackle all legal issues arising out of the Visa.
The Immigration firm should have experience as well as legal knowledge. Moreover, the firm should have been successful in proving guidance and other valuable piece of advice to entrepreneurs in the past. A look into work portfolio of firm will turn out to be of great help.

The professional Immigration law firm has resources, knowledge and everything else that is necessary to deal with issues related to Immigration. The law firm has good in-depth knowledge on the UKs point based system.

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It is at its ease to start a successful industry, if you have bottomlessknowledge of the business field that you adopt to chase. One of the shocking reasons is that several entrepreneurs do notmount up required industrial knowledge before hurdling into professionalworld. Self-confidence is a strategic entrepreneurial skill for achievement. It iseasy to become discouraged, irritated, insulted and annoyed if you lackself-confidence. Self-confidence is alarmed with how a person feels about histalent. A successful entrepreneur trusts his talent. He should
not be frightened to discover un-chartered spaces, take risk and takechallenging conclusions.

Successful entrepreneurs are determined and hardworking. Theydominant willpower to a certain extent that if a work is chiefand linked to their objectives, they will, finally, complete it. Getting things done is the spirited linkage between inspirations and theirresult. At periods, entrepreneurs force themselves to pick up workover fun, a mind-numbing job in contradiction of a pleasing one, functioning on taxpapers rather than reading a fascinating journal. This necessitates self-control that many people basically be unsuccessful to progress in them.

Creativeness is the skill to use your understandings and come up withnew resolutions to old complications, get things done in an altered wayor catch an entirely different tactic for unoriginal things towork well-balanced. Entrepreneurs require creative thinking abilityalmost in everything. Every new product, every new marketingmethod, every business decision – all these are productive waysfor creative thinking. Denver light installers provide a healthier roadway for the person who wants to turn into an aspiring entrepreneur.

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Passion Is No Ordinary Word-channelling The Sales Professional In Every Entrepreneur

As a sales trainer, I work with people from all walks of life who share a common goalthey want to learn how to emulate the success enjoyed by the top-ten percent of sales professionals in organizations both large and small.
People have many reasons to be motivated to attain that kind of success and in my experience entrepreneurs are especially driven. Here’s why. For them, it’s not just a job that’s on the line, it’s everything. Their livelihood is at stake! And the consequences of being anything other than in that top-ten percentile might be the difference between success and failure for their startup business. And in my opinion ALL sales people are entrepreneurs.
Scott Shane, the author of “The Illusions of Entrepreneurship, made it clear in a recent interview inBusinessWeek just how high those stakes are for most business owners. “The myth is that somehow if you manage to hit the average or hit the median, you’re going to be fine. The reality is that the distribution is so skewed you have to hit the top for it to matter, and in fact, you have to hit the top 10% to have income as an entrepreneur better than what you would have gotten working for other people.”
Sales skills make it all possible
No business can survive for long unless its owner thinks a lot about salesin particular, about what can be done to sell more in less time to more people. That fact is not lost on entrepreneurs, which is why I encounter so many at my sales training workshops and webinars. When I first meet them, they often tell me that they didn’t start their businesses to become a professional sales people. Rather, it’s because they love what they do, because they thrive on risk taking and take pride in being a sought-after practitioner of a service, or maker of a particular product.That’s why I tell them this: success at being an entrepreneur and business owner can only happen if they invest time to build and improve their selling skills.
Fortunately most entrepreneurs are already hardwired for that kind of challenge. Whether it’s a service they provide or a product they make (or envision to make), these enterprising risk-takers are already great at what they do. They also tend to have a knack for relying on themselves to do what needs to be done to make their businesses thrive-even if that means having to learn to do something new to reach their goals.
Passion as a driver for sales success
In my experience, entrepreneurs put passion into everything. It’s a magnetic quality that doesn’t just motivate them to get to work, it persuadesand even inspires-others to want to work with them. As a sales trainer, I teach business owners how to channel that passion and encourage them to make the time to read the right books and participate in sales training seminars and teleclasses.
Entrepreneurs launch their startups confident that there is a market for their product or service. Selling skills give them new insight into why customers in a market behave the way they do, it helps them better understand what kind of customers they should be looking for, and gives those business owners the tools they need so they can better meet the needs of those customers.
Important sales advice for new startups
When building a new business, it’s crucial for the owner to be the one making those sales calls initially. That’s why I advise entrepreneurs who are in the early stages of a startup to avoid outsourcing or handing over that task to sales staffthe time will come soon enough when the business will be ready for that next step. No one can sell the benefits of a company with the same passion as the person who owns that business. Once an owner has had success in landing new customersand has done so by making full use of the field-tested selling tips and successful business habits that we teach at Engage Selling Solutionsthat’s when it will be time to hire sales staff and teach them how to sell to customersthe right way!
Playwright Neil Simon once quipped: “If no one ever took risks, Michelangelo would have painted the Sistine floor.” Entrepreneurs are the risk takers who can make amazing things possible in this world. But it’s worth remembering that ideas, services and products all find their market not just by being great. It’s also because the successful owners of the businesses behind those products, services and ideas know how to channel their passion. They’ve learned how to bring out the sales professional within. And so can you!