...Ten things to ask yourself before you start a business Step One: The Idea Before you start a business, you need a good idea…Let's face it, the single most important step in creating a business is the idea. After all, a good idea can make a company millions or even billions of dollars, while a bad idea can lead it to bankruptcy. And without an idea, you can't create a business. So it's time to start brainstorming. Think up that next million-dollar idea. If you're stuck and can't think of anything, here are some questions to ask yourself to help you out a little: What are my interests? Get out a sheet of paper and start writing down some things that interest you. Are you good at sports? Do you like managing other people's money? Are you good with computers? Do you like pets? It always helps if you start a business in a field that interests you. That way when you're spending your time working on it, you'll have so much fun that you don't even think of it as work. For example, I enjoy money-related stuff. But once a week, I'm required to mow our lawn since I'm the "man of the house". Some of the neighbours need their lawns mowed too. However, because it doesn't interest me, I probably shouldn't start my own lawn-mowing business. If I had some money, what would I buy? Try to think of something that you think would be cool to buy. It helps if there isn't already something similar out there. If you think something is cool, there is always a chance that...
Words: 4689 - Pages: 19
...sets up objectives so he could achieve it; * Relevant: To assess if what they are going to do it’s going to be as they forecasted; * Timed: it’s the deadline when they set to achieve it. 3. The purpose for setting aims and objectives is to have a clear view of what the organisation is going to do, so that every member of the organisation is going to easily follow it and all of them to work towards the same target. Another purpose would be to give the organisation focus, achieve efficiency, helps plan strategies, gives a basis for assessing performance and allows managers to monitor performance and make changes if necessary. 4. The first person that is interested in an organisation’s aims and objectives is the owner, and after the stakeholders: they could be investors and shareholders. Because they also have invested money in the business. Investors They are the people that put money in an organisation/business and expect that the profit will be high and the risk will be low. They are also concerned about the company’s welfare and in the organisation’s aims and objectives so that they will assess whether they are going to risk their money or not. Shareholders A shareholder is any person, company or institution that is in the possession of at least one share of a certain company, they are also concerned of the company’s status as they have to determine whether it's worth to buy or sell the shares of...
Words: 2517 - Pages: 11
...Architectural firm As I am Information Technology (IT) consultant in your organization it’s my keen responsibility to inform you about the current network setup. As an IT consultant is responsible for the professional opinions and offered suggestions for firm to best use IT to meet your firm’s business objectives. I have examined the whole network system and observed that your organization has less workstation as compared to overall firm employees’ requirements and access. This is not exactly a problem, but it would be advisable to make sure all essential personnel or those deemed necessary to be included in networking functions to also have a workstation. Your firm may have grown since the last point in time of network upgrade; therefore, it may prove beneficial to expand by including more workstations. TO Download Complete Tutorial Hit Purchase Button IT 282 Week 9-Capstone-CheckPoint-Upgrade Letter Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/282-week-9-capstone-checkpoint-upgrade-letter/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) To The President XYZ Architectural firm As I am Information Technology (IT) consultant in your organization it’s my keen responsibility to inform you about the...
Words: 2884 - Pages: 12
...Preparing business for the New Year! Learn to spot opportunities Right now is the perfect time to be thinking how you are going to leverage and take tremendous steps towards the growth of your new business. It’s about time you actually began thinking strategically, evaluating and becoming the best entrepreneur you can possibly be! It’s time to spot potentially excellent opportunities about the year ahead. Perhaps you have been knocked down a couple of times but it’s not time to quit. Every year comes full with new opportunities. Quitting is failing and in the New Year you ought to be prepared to spring back on your feet when you get knocked down. Review previous business Before beginning the preparation for 2014, you first need to start by reviewing the positive and negative occurrences of this year’s business. This will enable you to improve delivery in the coming year which we all know plays a crucial part in evolving your business. Identify key strategic indicators Think about marketing your company. Examine the numbers by looking at the key strategic indicators that will tell you whether you are on the right track for 2014. It’s extremely critical to the growth of your business for you to fully comprehend and use these indicators. Which strategic indicators do you want to focus on this coming year and which ones are likely to achieve your set goals and objectives for the New Year. Outsourcing and marketing Preparing for the New Year is very important; you need to update your...
Words: 511 - Pages: 3
................................................................................................... 10 Bibliography ..................................................................................................................... 11 1 Abstract A successful Entrepreneur must have strong leadership qualities, highly self-motivated, strong sense of basic ethics and integrity, willingness to fail, serial innovators, lnow what you don't know, competitive spirit and understand the value of a strong peer network 2 Introduction I chose this topic because I would like to know more about what goals have a successful Entrepreneur. Just had a thought, the key to a successful entrepreneur is to take the idea and make it work, but it's more than that ... so I decided to explore, trying to understand all...
Words: 2419 - Pages: 10
...processes. They encourage creativity, risk taking, and continuous learning and improvement. However creativity must then be harnessed and developed by innovation and it takes innovation to turn great ideas into something of value. Thus innovation should be considered fundamental to an entrepreneurial organization’s success. What then is innovation? Bruton (2012) says it well when he concludes that innovation is, “…a process of intentional change made to create value by meeting opportunity and seeking advantage.” (Innovation, para. 1). And although product innovation is a very important aspect of their business, it is only one area that entrepreneurs are interested and excited about. Rasmussen (2013) explains, “The very nature of innovation is changing dramatically in most companies. Innovation is no longer confined to product development. It is also a matter of creating new services, business models, partnerships, and customer experiences” (para. 12). Consequently there are a number of areas in which entrepreneurial companies seek innovation. Innovation in these organizations take many forms including providing growth opportunities, lower...
Words: 1476 - Pages: 6
...Cell Phone Retailer Business Plan Executive Summary The cell phone retailer business plan is about sell the cell phone product and refill cards to the customers. Cellular telephones have revolutionized the communications arena, redefining how we perceive voice communications. Traditionally, cellular phones remained out of the hands of most consumers due to their high cost. Now cell phone is the important to the people. Cell phone carriers have invested time and resources into finding ways to give the system higher capacity and thus lower cost. It’s the best investment for the business in future increase in the large scale. Today, cellular phones are truly consumer electronics devices with over 59 million subscribers. Cell phones are the executive status to the consumers now days. My business plans an opportunity to become a highly distinguished and recognized leader in the cellular communications industry. In order to achieve this goal, critical success factors will be to identify emerging trends and integrate them into our company operations, respond quickly to technology changes/be there early, provide high-quality services, invest time and money in marketing and advertising, expand into specialty markets, and stay ahead of the "technology curve." It’s the important things in my business. Key to success Our company keys to success are; 1. Provide excellent customer service 2. Grow and maintain a referral network of customers 3. Focus expertise in GSM cellular...
Words: 552 - Pages: 3
...a home or a business, we’ve all heard the proverbial phrase – “location, location, location!” Is this true? Does it matter for all businesses where you are located? No, not necessarily. We’ve also all been told to the famous quote, “If you build it, they will come”, but we all know that isn’t necessarily true either. So which is it? Does location REALLY matter to the success of your business, or will your potential customers seek you out? The question can be picked apart and analyzed several ways, but it really does depend on your business, and whether or not you appreciate and understand marketing. That is one of the big benefits to franchising – your franchisor has already worked to build your brand and created a strong business plan to aid you in your success. Once you work with your franchisor on what your ideal location would be, you now have to venture into your area to find it. What’s the best way to go about it? Franchising World, and many agree, the best way to go about this is to work with a business real estate broker. Franchising World outlines the benefits of doing so because a good real estate broker doesn’t only find locations; they also advise retail clients on how to grow their business so that they maximize profits and lower risks. Real estate brokers work with your franchisor to understand what works for the franchise and propose facilities based on that. If your franchisor is not close to where you want to open, they might not know the best traffic area...
Words: 807 - Pages: 4
...BNI networkers or a 1,000+ audience at a national convention, wherever I go there always seems to be other coaches in attendance. The most common seem to be a life coach, health coach, or business executive coach. Regardless of what “type” of coach they are, there are some very similar patterns that you see in the ones who are unbelievably successful and clearly defined patterns in the ones you see that are struggling immensely. Struggling not only to stay congruent with the message they teach and tools they share with their clients, but also struggling financially and in their business....
Words: 798 - Pages: 4
...THE OF THE ST CENTURY 21 THE OF THE 21 CENTURY ST Other Best-Selling Books in the Rich Dad Series Rich Dad Poor Dad What the Rich Teach Their Kids About Money That the Poor and Middle Classes Do Not Rich Dad’s CASHFLOW Quadrant Rich Dad’s Guide to Financial Freedom Rich Dad’s Guide to Investing What the Rich Invest in That the Poor and Middle Classes Do Not Rich Dad’s Rich Kid Smart Kid Give Your Child a Financial Head-Start Rich Dad’s Retire Young Retire Rich How to Get Rich Quickly and Stay Rich Forever Rich Dad’s Prophecy Why the Biggest Stock Market Crash in History Is Still Coming… and How You Can Prepare Yourself and Profit from It! Rich Dad’s Success Stories Real-Life Success Stories from Real-Life People Who Followed the Rich Dad Lesson The Business School for People Who Like Helping People The Eight Hidden Values of a Network Marketing Business Rich Dad’s Guide to Becoming Rich Without Cutting Up Your Credit Cards Turn “Bad Credit” into “Good Credit” Rich Dad Poor Dad for Teens The Secrets About Money—That You Don’t Learn in School! Rich Dad’s Before You Quit Your Job 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business Why We Want You to Be Rich by Robert Kiyosaki and Donald Trump Provide Insight on How to Improve Your Financial Future Rich Dad’s Increase Your Financial IQ How to Get Smarter with Your Money Rich Woman: A Book on Investing for Women ...
Words: 4615 - Pages: 19
...example is if the same problems is occurring with another team member, it can be same problem or same situation occurring with different customers. It worth bring up everything that we can in a team meeting. Direct observation – is the manager responsibility to watch the staff while they are working. The manager needs to make sure that the receptionist knows how to treat and talk with the customer, the cleaner is not leaving any place dirty or incomplete, etc. And not only the manager, a team member can also help another one to improve their skills at work. Review of returned goods – if a product had a problem and the customer complained and returned it, it’s necessary to report the problem correct for the problem doesn't happen again and again. It's a must to have a form and fill it with as much information as you can to best describe and help for the problem doesn’t repeat. 2) Give reasons why you need to consider the following legislations when developing customer service strategy. Antidiscrimination Legislation - this law promotes equal opportunity and operates to protect...
Words: 1547 - Pages: 7
...costly. Nike, Reebok Jordan,Adidas are best brand identify who promote favourite sneakers for gamers. This 12 months Jordan business also reviled new sinkers and 1 is most latest Air Jordan and quickly its colorway are releasing quickly. An additional current release of jordan business Air Jordan XX9. The two Michael Jordan and Tinker Hatfield collectively launched Air Jordan series which gets to be most promoting footwear from the 12 months. At exact same time Jordan launched an additional pair of footwear Air Jordan III which can be depending on Chicago Bulls-themed edition which...
Words: 466 - Pages: 2
...summary Brief summary findings It’s difficult to manage furniture store like IKEA because lot of employees are required to run the operations smoothly and it’s a big problem to manage bigger workforce, so that’s why it’s one of the biggest issue for the IKEA furniture to handle the big workforce. IKEA furniture retail stores having very big and complicated store structure, which is also one of main problem to organize, in any worst case like fire into the store it’s difficult to move everyone out of the retail store. And big furniture Retail stores like IKEA also having a lot of products like chairs, beds, sofas etc. So in case, sales of the products gone slow all of the product gone dusty and its difficult to maintain all furniture clean and in good condition. (Furniture World 2012). Conclusion After analysing all the operation of the IKEA furniture, I am able to find out IKEA furniture emphasis a lot on efficiency and effectiveness of its operation management. The company has implemented its operations management strategy in all of its business process and operations to maintain low cost model. IKEA furniture’s is one of the best examples of the corporations who concentrate high effective operation management. Table of Contents Executive Summary 2 1. Introduction 4 1.1 Brief company overview 4 1.2 State the report objectives and scope 4 2. Competitive Priorities 4 2.1 Company’s business mission, strategy 4 2.2 What business strategy does the company...
Words: 1861 - Pages: 8
...Media Marketing for Business What’s the movement in business today? It’s social media of course! What’s the most underrated trend in business today? It’s social media of course! It’s hot, it’s cool, but it’s also an unknown. When tapped into, Social media becomes a valuable marketing resource for business. It becomes part of doing business. Traditional marketing focused on push advertisements. The “in-your-face” advertising that continually pushed brands in buyers’ faces. Those days are gone now. The rules have changed and marketing is no longer based on one-way interruption. David Meerman Scott says, “One-way interruption messaging is yesterday’s message (Scott, 2010, p. 7).” It is now collaboration. Social media is where buyers are spending their time one and where savvy businesses are engaging with consumers. Social media is everywhere. Buyers are talking about brands and products and making buying decisions using social media. Marketing is now collaboration. Before social media we had new media. New media advertising had become widely popular in the past decade. With new media, advertising became targeted and more direct than with traditional advertising. Some of the methods of delivering new media advertisements include pay per click advertisements such as the advertisements seen on search engines, banner advertisements, and interactive advertisements. In The New Rules of Marketing and PR, David Meerman Scott writes “Your best consumers are participating...
Words: 1322 - Pages: 6
...years (at least), text will remain the best way to communicate. During that time, you can make or break your business success, your very life possibly. Without the good business writing skills, you'll be doomed. And in today's fast-paced real world, nobody denies the importance of good business writing skills. Writing is still one of the best methods of communication. The majority of business jobs today require above average writing skills. Business writing has become more than a nice thing to have - it has become a necessity. Most small business people don't have proper writing skills. Most of them never really learned how to write to communicate when they should have - in school. And most small businesses can't afford to hire a writer. There are, of course, hundreds of books that teach you how to write, the classic being... The Elements of Style by William Strunk Jr. Only two problems with these "general writing" books... 1. They are so dry as to be almost unreadable. 2. They have almost nothing to do with the REAL world. Besides these books, there are thousands more on how to write "sales copy." The favorite is Ken Evoy's Make Your Words Sell. It's now free. There's no charge - you're not even asked for your email address. This book is great, if you have something to sell. And even then, keep in mind that SELLING comes after PREselling (C-T-P-M process). Writing to PREsell is an entirely new concept to the art of business writing. Most importantly, it addresses...
Words: 1142 - Pages: 5
