Category: Entrepreneur

If you’ve ever thought of becoming an entrepreneur you should know there are dozens of online companies willing to provide assistance in helping you launch your big idea. That’s the good news.

The bad news is not all of these sources are worth the time and money you might invest. Then again, that’s a common cautionary take in all of life’s pursuits I suppose. So, where exactly does one go to learn more about starting their own business?

Certainly the access of online articles can help. This can take some quality time with a search engine, but you will likely find a great deal of information that would have been hard to locate twenty years ago.

There is one thing that is a bit ‘old school’ that could assist you in answering your questions about becoming an entrepreneur. You could simply ask someone who’s ‘been there’ for advice.

This doesn’t have to be someone directly involved with the idea you have, but simply someone who has already traverse the potholes of entrepreneurialism and lived to find continued success with their idea. Many of these individuals would welcome the opportunity to ‘talk shop’.

The whole idea of mentoring seems to be lost to the 21st century, however that doesn’t mean it is a useless idea. Interestingly, you might be able to find a mentor online if no one can be located in your immediate region.

Our 21st century world revolved around forum posts, blog posts, email and text messaging. These tools can be used to hold a conversation with one or more entrepreneurs who may be willing to share some insight into the business you are seeking to establish.

Imagine the individuals who developed the pet rock, mood rings and other pop culture gadgets of the past. Their ideas didn’t last forever, but they were able to create enough interest that, for a time, their ‘big idea’ found wings.

Entrepreneurialism is forged in the furnace of personal passion. If you believe strongly enough in your idea that passion can translate to others who can catch your vision – that vision is assisted when you have someone who can answer your questions as you get started.

Entrepreneurialism requires great patience, an eye toward the future and a solid belief in the product or service you are making available.

So search the web all you want when looking for information, but try to find someone who can be an entrepreneurial mentor to you as you take your ‘big idea’ and introduce it to reality.

Promos are considered one of the most effective and cheapest means for marketing. Corporate gifts or promos are not very expensive and can be less than a dollar as well. According to the reports of an Advertising Specialty Industry, around 56% of people keep the promos, while 58% of the people remember name of the company printed on the promos. Promos are cost-effective means of advertising brand image of your business. This article discusses about some useful tips on how you can make the most of promos for a campaign.

You should be aware of the wants and desires of your prospective clients:

Promos that you use must be market driven. It is very important customers appreciate the promos that you give out; as this will help you increase your customer base. Therefore, what you can do is, make the promotional products the way your clients expect them to be. You will have to spend time conducting research, when it comes to determining the right promos.

You must be very cautious all through the process, because business organizations have the tendency of losing their core message in their attempt to target niche audiences. Your brand identity must be clearly expressed in advertising merchandise so that people wont have any problem getting the message you want to promote.

Remember less is more:

You should keep in mind the concept of less is more while designing promos for marketing. You should keep the text and color to the minimum to attract attention of prospective clients. Too many colors and words tend to make the promos look messy and chaotic. There is amazing elegance in simplicity and this helps you effectively project your business message to your clients. Untidy presentation shows lack of professionalism and leaves behind a negative image in minds of the clients.

Many consider bargaining or haggling a desperate act in business. It is actually a business negotiation process that a wise entrepreneur does to cut down the overall cost. Once you are aware of the basic negotiation skills, you will be able to save substantial amount of money.

Some of the commonly used promos include T-shirts, pens, gym bags, mugs, and other useful pieces of merchandise. Targeted promos for your customers generate more sales and help attract attention of clients to your site. Make sure to give out good quality freebies, as your company image will crumble down when you offer cheap promos.

Using promos for marketing is one of the most affordable means to increase your profit margins and improve your business. So, keep in mind the three useful abovementioned pointers and create a brand image of your business with promos or promotional gifts. You will be amazed to take your business products and services to an altogether new height with such promotional items.

Tai Savetsila,a renowned businessman in Los Angeles, comes from an ancestry of Thailands politicians. Tais great grandfather had been the Foreign Prime Minister. His father had come to the United States of America from Thailand and started his real estate business there. Tai comes from a pedigree of successful people and he himself works hard to achieve success in his own endeavors.

In 1999, Tai started working in a lending bank that funded 500 million dollars yearly in private lending. He then used this knowledge and opened his very own private lending corporation that had an important client base.

Savetsila used his expertise to form a successful career in real estate. He had a high end clientele that included actors, producers and others from the entertainment industry.

In 2004, Tai Savetsila founded the Savet Inc. which managed a varied client base with multifarious real estate service. Savet Inc. specialized in the exchange of properties and also offers miscellaneous lending options to its prospective buyers. Savet Inc. uses new marketing techniques, industry awareness and also competitive financial products to cater to the different real estate needs of individual clients.

In 2008, Tai Savetsila founded the Blue PMG, a dynamic and innovative marketing and graphic / web design company. He founded the company and sought out customers who could help him run his business successfully. In return, he helped them in hosting and web development. Savetsila has worked with major stalwarts of the music industry and also hedge funds.

Tai is also very much involved in his community. He actively supports different causes relating to breast cancer awareness, cruelty against animals, protecting the abused children.

With a record of more than 12 years in the entertainment industry and more than 10 years in real estate, Tai Savetsila has had success and is still continuing to succeed in his ventures.

Some People are said to be born for doing something special in their life and Quentin Townsend is one of them. As a person, he is regarded to be larger than life character and exercises a huge amount of energy in his work. He has not only achieved his dream, but is living it everyday.

History
Townsend is about six feet and 8 inches tall and studied in the Central State University and was well known for his basketball skills. He loved the game and actively participated in it throughout his school and college days. His height and talent for playing made him a popular basketball player. Although he knew he was a good player, he had set a different goal for himself.

Dream To Reality
From the age of 28, Quentin Townsend started his journey of becoming a successful entrepreneur. In the year 2003, he along with his wife and future Atlanta vision associate, Akilah Townsend, achieved great success as Realtor business persons in Romeoville, Ill. He also launched a number of nonprofit programs for the benefit of teenage girls, who suffered from over weight problems. The program teaches the obese girls about healthy habits of eating.

In the year 2004, his dream came to reality, when he bought the Atlanta American Basketball Organization. It was a big step for him and within 3 months he managed to change the whole outlook of the team, starting from management to players. It was a progressive action and later on he changed the name of the organization to Atlanta Vision. He has a strong personality and a lot of positive energy. According to a number of his well-wishers, he has a great driving force for work and basketball and this specific trait has helped him in establishing Atlanta Vision.

By doing his work, Townsend is living his dream of being an entrepreneur. Besides that, he is also enjoying basketball, which has been his favorite sport since childhood. He has played a number of matches in the past. Quentin Townsend is well known for his kind nature. He has donated money personally to a number of schools and charitable associations and has sometimes raised funds by making his team play for the schools. He always encourages school students to participate in basketball game and has helped a number of schools for establishing a good basketball ground in their infrastructure.

Entrepreneurship is an activity of commencing a new business.

What are the advantages of entrepreneurship?
There are many advantages of entrepreneurship.
Some of the advantages of entrepreneurship are as follows
It can get the entrepreneur a large some of monetary gain.
It helps a lot in the growth of economy.
It creates self employment.

Like this there are plenty of advantages of entrepreneurship.

What is an Entrepreneur?
Entrepreneurs can also be known as the owners of a company who takes care of all the areas of risk and profits in the company. He is concerned with all financial activities of the company.

What are the characteristics of an entrepreneur?
There are special characteristics which makes an entrepreneur successful.
Some of them are mentioned below:-

1- For being a successful entrepreneur he must work for long and give his maximum time to the company. For that he should be healthy enough.
2- He should learn to accept challenges .He should not give up if he has met with failure.
The attitude of try again till you succeed should be in him.

3- He should be a real competitor. He should have the courage of setting high targets of his own and should have the capability to achieve it.
4- He should be a real professional. He should be least bothered with all the personal issues when he is at work.
5- Discipline is highly important for the entrepreneurs. He should have a control on all his habits. The skills of time management should be in him.

Some benefits of being an Entrepreneur.

1- Entrepreneurs have got a great opportunity to contribute to his society. He creates employment for other people which is the best way to serve the society.
2- Entrepreneurs become very confident in life as entrepreneurship requires a lot of confidence.
3- Entrepreneurs enjoy freedom. They are there own boss. They create tasks for themselves and then work on it the way he wants.

Challenges for Upcoming Entrepreneurs
Problems in the establishment: Merely about one half of latest business project stay alive five years and 95% of all business are small, the budding entrepreneurs need to gain knowledge as much as feasible to certainly bang the victory rate for business.
Administration Problems: In the commencement of budding entrepreneurs business, about the quarter of the entrepreneurs declared that their troubles were diverse and focused on themselves(calculating their own time, setting targets and monitoring presentation),their employees (finding/preserving experienced employees)and accessing useful information(getting useful business information).

Some of the Leading Entrepreneurs
1- Gates, William H – Microsoft
2- Ellison, Lawrence – Oracle
3-Allen, Paul – Microsoft
4-Buffet, Warren – stock market
5- Moore, Gordan – Intel
6- Dell, Michael – Dell Computers
7- Kluge, John – Metro media

Colleges teaching about Entrepreneurship
DePaul University, Chicago
Florida International University, Miami
Harvard University, Cambridge, Mass.
Howard University, Washington, D.C.
Simmons College, Boston
Sitting Bull College, Fort Yates, N.D.
University of Arizona, Tucson
University of Colorado, Boulder
University of Texas, Austin
University of Rochester, Rochester, N.Y.

Discussion about the Global Expansion

Mike Eskew, the chairman and CEO, UPS says Globalization is inevitable. Technology, the democracy of information, deregulation, economics, and education are seeing to that.

Hideo Sugiura, Honda Motors says While it is true that a good product knows no national boundaries, there are subtle differences, from country to country and from region to region, in the ways product is used and what customers expect of it.

Todd g Szalkowski, Ernst & Young LLP says The overseas markets are recognized as an essential consideration in todays ventures growth strategies as global economies represent new market opportunities

Government support for upcoming entrepreneurs

TNUFA: This is a support offered by the government for the upcoming entrepreneurs for the starting phase of converting their ideas into reality. This is a fund which will help in getting patents etc.

Heznek Program This is a program started by the government it gives an option to the entrepreneurs to purchase the government shares in the upcoming company at the lowest price.

Entrepreneurship as a global activity
Entrepreneurship is getting global day by day. AS a result the competition between the entrepreneurs is getting increased rapidly. It becomes a challenge for the entrepreneurs to make their presence in the competitive market. They have to make business strategies which can become successful all over the world

Do you want your company to work globally?
It is a great thought of taking the company globally as it offers lots of opportunities for growth and development as without growth their cannot be any future.

Some of the advantages of making a company global are:
Just producing one product you can sell plenty of it by searching new markets and can earn a lot from it.

You dont have to depend upon any particular market as you are dealing globally.

You would get the opportunity to compete with other foreign markets and you can create your place.

What should entrepreneurs do before launching their company globally?
1- All the employees of the company should be the member of the international company.
2- Before doing such an activity you should plan a lot about the objective of globalization, about the rules, policies and procedures etc.
3- You should plan well in advance about your investment.
4- Before taking your product globally you need examine it carefully as now the product will available globally in market
5- Search for the customers all across the country before launching the product so as to minimize the amount of risk involved in loss.
6- You need to select the method that how you are going to globalize? The method could be direct or indirect.
7- Before landing globally you should plan about the price of the product. Keeping that the price should be globally acceptable.
8- Take care of the International customer even after sale of the product. This will help you in creating your goodwill around the world.

Future for Entrepreneurs
The future would be bright for all the entrepreneurs because of the globalization.The entrepreneurs would have more opportunities to deal upfront and make their presence globally. They would enjoy all the facilities in International market.