Entrepreneurs In An Age Of Globalization

Entrepreneur blogger

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.

What Is The Most Lethal Weapon For A Home Based Entrepreneur

Entrepreneur blogger

Letting go helps you grow.

Home based entrepreneur pros know taking time off from work is a quick way to create good things.

When attached you are bound. When detached you attract high energy people, ideas and circumstances to make your dreams come true.

Home Based Entrepreneur Champ

A home based entrepreneur champ acts “as if”. This means you treat your home based opportunity as if you already were in possession of your goals.

As if you come from a place of authority, a place of posture.

Practice feeling and acting as if your dreams have manifest. This helps you detach from outcomes, which makes it easier to let go and step away from the laptop.

You find your most inspirational ideas if you aren’t so busy looking for these ideas. You attract the perfect business partner away from the laptop.

Taking time off from work lightens you up, making you a magnet to money and other good things.. Call it the law of attraction, or karma, or the law of sowing and reaping. By letting go and coming from a calm, confident place, not feeling the need to work all day long, you become magnetic to awesome circumstances.

Law of Attraction in Action

Whether you are a cash gifting coach, MLMer or professional blogger, you need to take time off. The body recovers during rest periods. The mind is refreshed. You attract all you need to attract during rest.

You attract or repel in each moment. You are a living, breathing magnet. Take time off. Lighten up. Build your attractive field, attracting high energy things.

Become a cash gifting winner. Become an authority home based entrepreneur.

Get a life. Seriously.

Step away from the computer. Let the Universe work without your ego’s interference. Pull back. Attract. Rest. Achieve balance. Life a rich life.

Gain spiritual, material and mental riches.

Do you take extended time off daily? Do you step away from the computer after 8 or 10 hours? If not, you might be spinning your wheels. Working hard sucks. Working intelligently, effectively and persistently rocks.

People achieve a lot by working little, so don’t be too quick to brag about your hard work.

In the same respect you gotta work. I give you no licence to coast each day, doing little, and partying or sleeping a lot.

Smart, persistent, light, effective work, that’s the goal. And closing your office doors after a set time daily, NO MATTER WHAT!

Do You Use This Most Lethal Weapon Fellow Home Based Entrepreneur?

Please share your home based entrepreneur take in the comments section.

How To Reach Momentum In Your Internet Marketing Business

Entrepreneur blogger

The most natural and positive way to experience life is in a state of flow-constantly within the present moment, and yet constantly evolving. Unfortunately, most people rarely attain this state of being, but rather live in constriction. This blocks their enjoyment of life as well as their potential for realizing dreams.” ~Ellie Drake

I can imagine you thought that Mastermind Entrepreneurs had to be wealthy before they could earn their title, which is quite the opposite because the mind of an entrepreneur can start its development from a toddler.

As a toddler my son would take all his toys apart, but he was never satisfied until he mastered how to put them all back together in operating condition. Oh yes, he is presently in the pursuit of becoming an engineer.

Focus, obedience, and integrity are major components of a Mastermind Entrepreneur in the pursuit of a life changing income.

Are you ready for your pursuit?

If you have the seed of greatness and empowerment already in you, then you have a very good head start on this pursuit.

Is this really the celebration stage?

Okay, we are not at the finish line yet. Too much daydreaming on the results and not enough input on the training, which is needed for a grand momentum finish. A series of minor successes must be developed into a major accomplishment.

The creation of a Mastermind Entrepreneur in Internet Marketing is a gradual continuous process.

“Think of a muscle that is always tightly clenched. It will become sore and eventually begin to experience spasms, or become so exhausted that it must completely let go. That muscle is like your mind when deceived by the illusion that it must either grasp success or suffer failure” as described by Ellie Drake.

But suppose the athlete considered pain and suffering balanced with becoming a winner despite the endurance of occasional pain, as a positive conflicting opposite. Many people choose to “break training” mentally as well as physically at the celebration stage.

Their minds and muscles turn flabby after they succeed. They are so proud of their accomplishments that they soon forget that they need to keep in shape for the next race or obstacle.

They usually find themselves afflicted by the rheumatic twinges of deep-seated discontent with what they have done. A brief break may cause a lost opportunity before the victorious momentum.

Nearly everything comes to the one who is always waiting patiently, yet persistent.

No race was ever won by a person who could not finish. Believe that you have won the race and you will not be intimidated by fears of failure.

How long can you wait to be created into a

Mastermind Entrepreneur in Internet Marketing?

Upon recognition of the genius part that has been instilled in you, be committed to taking your assets and turned them into success. Success is not always on the material plane, so enjoy the fruits of your labor wherever they may materialize.

It was once said that brains alone are not influence, and that money alone is not influence, but brains and money combined are power. Be sure that the power will not be for destruction or someones demise, but allow that power to be used for the good of mankind in all its persuasion.

The Universe will always make provisions for your harmonious efforts, and the purest of thoughts will be sufficient.

Remember to keep these thoughts in mind:

Whatsoever things are true
Whatsoever things are honest
Whatsoever things are just
Whatsoever things are pure
Whatsoever things are lovely
Whatsoever things are of a good report
THINK ON THESE THINGS!

Especially during business transactions!!!

Deborah Akridge

Business Coach’s Tips On How To Handle Sticky Money Situations In Business

Entrepreneur blogger

You just signed up your first “platinum” client and you’re both excited to get to work. The first month is a breeze and you’re thinking, “Why don’t I have more woman entrepreneur clients just like this one?” when your assistant notifies you that your super-star client’s credit card just bounced.

“Uh-oh,” you think. “Was it just me who thought we were doing so well?” You’re uncomfortable, you begin to doubt yourself or your abilities and on top of all the emotional upheaval, you’re now wondering how you’re going to handle this sticky money situation.

Sticky money situations in business include bounced payments, late payments, requests for refunds, program cancellations and postponements, changes in a client’s circumstances and even disappearing clients.

How you handle these situations impacts more than your cash flow. Depending on the choices you make, you can strengthen your connection to your soul’s values, increase your integrity, raise your confidence as a woman entrepreneur and yes, even salvage your client relationship plus get you paid.

Here are six quick tips that I’ve learned as a business coach to gracefully and authentically handle sticky money situations in business:

Business Coaching Tip #1: Understand
Understand that your feelings of anger, betrayal, resentment or self-doubt are simply a smoke-screen for what’s really going on below the surface. Your client’s actions aren’t personal and have nothing to do with you. Once you stop taking it personally you’ll see you have several options for handling the situation.

Business Coaching Tip #2: Compassion
Put yourself in the other person’s shoes just for a moment. If you were her, how would you be feeling? You don’t have to condone her behavior but if you can momentarily see the situation from her eyes, you’ll gain the upper hand and can negotiate a solution like a successful entrepreneur.

Business Coaching Tip #3: Perspective
Ask yourself, “What is the worst that can happen?” Often, just asking yourself this question helps put the situation into perspective. Sure, not being paid is a drag, but in the grand scheme of things, will it make a difference for you long term?

Business Coaching Tip #4: Truth
When you speak to your client about the situation don’t mince words, don’t try to make it better for them or defend yourself. Simply state the facts, then pause and let them respond.

For example, earlier this year a business coaching client’s credit card bounced two months in a row. I simply said to her, “This is the second month your payment has bounced, what’s going on?” That opening gave her the opportunity to explain the problems she was having in her personal life and the chance for her and me to make alternate arrangements.

Tip #5: Boundaries
When it comes to sticky money situations the woman entrepreneur often sidesteps making direct requests. You have every right to straight-forwardly request: “I need you to honor our agreement and make sure I receive payment in full by Friday. How do you plan to make that happen? And for goodness sakes, no successful entrepreneur continues to deliver services on a promise when what she is owed is a payment!

Tip #6: Forgive
Forgive yourself! Successful entrepreneurs consider encounters with sticky money situations as opportunities to clean up money values and boundaries. Learning isn’t always free and my experience as a business coach has been that the expensive lessons are the ones that stick!

While no one relishes sticky money situations, you now have a simple system for addressing them quickly and confidently. A “money and soul” based business means you respond first to the integrity of your own soul, and then respond with integrity to the situation at hand. Remember this and you can’t go wrong, no matter how sticky the situation!

How Will You Convince A Prospective Investor To Fund Your Business

Entrepreneur blogger

As I have written before, investors are risk managers and are very careful and selective in what companies they make investments. Now that you have a list of investors that you are contacting for your company, you need to prepare to answer their tough questions. Investors will want to know why they should invest in your company. It can be very difficult to convince them if you dont have everything ready. Furthermore, you need to have to answer the three major questions that are mentioned below correctly. This is not easy to do and I highly recommend hiring legal counsel and accountants to get all the legalities and numbers correct before you begin to meet with your investor.

How much capital do you need and where will it go? This is the question that when answered right is the million dollar question. Investors want to see how the money they invest will be spent. You must convince the investor that your management can manage the money that is invested correctly and efficiently to generate the revenue and profits that the investor is looking to get from his investments in your company. The point is clear. He wants to see numbers. This is why I highly recommend you hire an accountant who can manage the money properly. You also need to have a plan laid out with milestones that are set which the investor has to agree with and you need to give an approximate time when each of these milestones that are to be met.

Once an investor finds that all the answers to the three questions are correct, he will give you your investment in a series of tranches. Each tranche will be given on some set conditions, which are all set to meet each of the agreed upon milestones. This is why you need to be good with your numbers, and your accountant should be competent in budgeting the money. With every tranche, you need to have a percentage for employee and staff salaries (which also includes the salaries of all the management), product development, real estate, etc. If your numbers are not right or realistic, you will not get funded.

What is the forecasted valuation of your company? This is a question where realistic numbers and projections really count. A companys valuation is basically the projected value that a company can gain in the future as it functions in its relevant market. Though investors love to see high figures, its not wise to hype up your figures and have a higher than realistic numbers. Investors can see right through that. For example, your relevant market may be a multibillion dollar market, your company will not be worth billions of dollars, at least not for a while, unless your product or service meets a demand that has not been met. This case, however, is rare. You could make a few million dollars, but your company will not have the same value as the entire market, thats impossible. So how can you get the right answers for this question?

When you are preparing your companys valuation data, you need to have projections that are as accurate as possible and you need to be prepared for how to answer the investor when he asks if your profits drop below ten percent. This is very important, because investors have their market analysts who constantly analyze markets and are always on top of the latest market news and forecast the future based on current market trends. You need to do the same and you should have people who can analyze the markets just as effectively as the investor does. You need to be able to see eye to eye with the investor. Being well prepared for this question can give you the biggest chance of winning that funding.

How do you plan to exit? What do you mean by exit? Well, investors like to invest in a company for a certain period of time, say between five to seven years and then they want to exit and collect their profits. This is why you need to prepare an exit strategy. There are all kinds of exit strategies available, but even though they are needed, you should think more about building a valuable company than having an exit strategy. Investors can see the difference between an entrepreneur who wants to found a company simply for the sake of building a modest company and then selling it and an entrepreneur who wants to have a serious company and wants to be with this company for the long haul. This type of entrepreneur is more valuable to the investor, because a company that generates value and equity will provide greater profit for the investor and make the investor more interested in funding this entrepreneur. Furthermore, a company that generates value over time can also require less liquidation because the profits can be so big that there will be enough pie for everyone, both the investor and the entrepreneur. After all, an entrepreneur starts a company to have something for himself first. Investors are there to help the entrepreneur and to gain a profit from their investment from the entrepreneurs company. Investors have the same thing in common with entrepreneurs, that they both want to make money, the difference is that investors after a particular time period, will want to exit the company through some of the following strategies.

IPO or also known as an initial public offering is when a company prepares to go out to be publicly traded in the stock market. This can be a rather tricky exit strategy because there is a certain kind of capital involved in executing this strategy. When a company prepares for an IPO, it will need to get a special financing known as mezzanine financing.

Management Buyout is another common exit strategy that companies can liquidate. This exit strategy is when the management of two companies work together with the ultimate goal of the management of one company first gaining control of the other company by working with the management of that company and eventually buying that company out.

Leveraged Buyout is an exit strategy where the company is also bought out by another company, but in this case, the buyout is leveraged by the buying company from company debts and other financial deficits.

Whatever the exit strategy you want to go for, you need to keep in mind that your company should first and foremost generate value. That should be your first objective, and how the market goes and how your company manages in the market should determine your outcome.