...A Book in 5 Minutes: The Entrepreneur Mind: 100 Essential Beliefs, Characteristics, and Habits of Elite Entrepreneurs Kira M. Newman Mar 28, 2013 Don’t have time to read? Here’s a quick but comprehensive summary of Kevin D. Johnson’s “The Entrepreneur Mind: 100 Essential Beliefs, Characteristics, and Habits of Elite Entrepreneurs,” released on March 5, 2013. Who should read this: “Whether you are thinking of starting a business, celebrating your first year in business, or approaching ten years in business, you’ll find tremendous value in reading this book,” Johnson writes. In other words, any entrepreneur looking for a mentor will find helpful tips here. Elevator pitch: Entrepreneurship can be taught, and Kevin D. Johnson wants to teach it. This book includes 100 easily digestible lessons in strategy, people, finance, marketing and leadership, including lots of anecdotes from his own experience. Author: Thirty-three-year-old Kevin D. Johnson is a serial entrepreneur and the president of Johnson Media Inc., a multimillion-dollar marketing and communications company. Strategy 1. Think big: Failing to reach your potential is a lesser-known, lesser-understood type of business failure. Entrepreneurs fail to think big because they are limited by their environment or their lack of expertise, or they lack the motivation or self-confidence. 2. Create new markets: Studies have shown that “blue ocean” businesses account for a disproportionate amount of the profits and revenues...
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...Entrepreneurship quotes: ENTREPRENEURSHIP QUOTES 1. “Everything started as nothing.” – Ben Weissenstein [tweet] 2. “To any entrepreneur: if you want to do it, do it now. If you don’t, you’re going to regret it.” – Catherine Cook [tweet] 3. “If you’re not doing the things that you love, then your life is not worth living. What are you here for?” – King Sidharth [tweet] 4. “Manual labor sucks, dude.” – Alex Fraiser [tweet] 5. “A lot of people have said that the internet is a teenager. Guess who understands a teenager best: a teenager.” – Syed Balkhi [tweet] 6. “Start today, not tomorrow. If anything, you should have started yesterday. The earlier you start, the more time you have to mess up.” – Emil Motycka [tweet] 7. “There’s no committee that says, ‘This is the type of person who can change the world – and you can’t.’ Realizing that anyone can do it is the first step. The next step is figuring out how you’re going to do it.” – Adora Svitak [tweet] 8. “Every single person I know who is successful at what they do is successful because they love doing it.” – Joe Penna [tweet] 9. “Over-deliver every time.” – Alex Maroko [tweet] 10. “There is no reason to be hesitant… becoming an entrepreneur is a learning experience.” –Savannah Britt [tweet] 11. “I could never learn what I’m learning at college. They don’t teach it there, because it can’t be learned in that way.” – Philip Hartman [tweet] 12. “You’ve got to stop doing all the things that people have tried, tested, and...
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...eWhat it takes to be a successful Entrepreneur 1st year / 3rd Trimester Course: Industrial Management and Technology Teacher: Elisabete Lopes Student: Fernando Miranda Nº 1202750 0 Contents Abstract ............................................................................................................................... 2 Introduction ......................................................................................................................... 3 What is an entrepreneur? .................................................................................................... 4 Do You Have What It Takes To Be An Entrepreneur? ...................................................... 4 A True Entrepreneur ........................................................................................................... 5 8 traits of successful entrepreneurs – Do You have what it takes? ..................................... 6 Example Of How An Entrepreneur Responds To An Opportunity .................................... 9 Conclusion ........................................................................................................................ 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...
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...For example, current projections place the industry (of elder care) at approximately two billion dollars in annual revenue, but in less than five years, it's predicted to increase to a staggering 20 billion. That's a lot of growth in a short period of time. Entrepreneurs seize opportunities, and it's becoming more and more obvious that the care-giving industry is bursting at the seems with opportunities to improve lives, from helping people be more mobile to keeping them safer - entrepreneurship is quickly forging its own niche in elderly care and responsibility. Caregivers Who Are Entrepreneurs When you look after those growing older on a daily basis, it's easy to see how many areas of life are in need of improvement for this segment of the population. However, since you truly care about the people you're working with, you feel the need to take matters into your own hands, thereby solving the pressing problems faced by those over a certain age. These caregivers are finding new ways to keep clients safer, healthy and happy, but since they're going about it as entrepreneurs, they're also making money at it. Entrepreneurs Who Help...
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...Presenting Business Plans Information American InterContinental University Abstract This paper is written on a business plan started up by an entrepreneur. In a business of entrepreneurship you have to have a set business plan along with a great management team to be successful and stay in business. In this paper I will explain the entire business plan and what it takes to be successful. If you’re going to start your own entrepreneurial business you have to have good beneficial methods and a good well-suited business plan. Your plan should include the description of your business, your marketing strategy, and your organizations objectives (Chron, 2012). The new entrepreneurial business will first explore its description. The description of a particular company gathered from a proprietary database via phone books/ phone surveys, ECT. The business description begins with a short description of the industry. When talking about the industry you should discuss the present outlook as well as future possibilities. You should include all the various markets within the industry and make sure you include all new products and developments that will benefit your business. All observations should be based on realistic events, reliable data, and dependable sources of information. If you’re seeking funding all these objectives are very beneficial. This is because investors will want to know how dependable your information is and what is at risk for them. Investors won’t risk...
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...Lori Greiner is an American entrepreneur, inventor, investor, and television personality. Lori is a well-known investor on ABC’s Shark Tank where she helps turn dreams into realities. Forbes writer David Williams states “Lori Greiner, one of the nation’s (and the world’s) most prolific inventors of retail products, has developed more than 350 products and holds more than 112 U.S. and international patents. She is widely acclaimed as “The Queen of QVC” due to her out-of-the-ballpark success in launching new products on QVC”. Lori became an entrepreneur by accident; her degree was in Journalism and Communications. She would often come up with ideas for children’s books that she would put on hold. Lori’s husband Dan inspired her to pursue her dreams of writing a children’s book after seeing a bestseller book similar to her original idea. From this moment she realized that she would not miss an opportunity such as this again. Lori’s next entrepreneurial feat was an earring organizer. After a $300,000 loan, she managed to first get her...
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...minimal government interference. Free-enterprise is characterized by the innovative way of thinking. Free-enterprise system is presented as the system full of people with full freedom in making any decisions, including economic ones. An entrepreneur is someone who in visions it and it happens and anyone else who believes it will happen too. Mark Zuckerberg is the Co-founder and CEO of Facebook and is known as the...
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...an entrepreneur? Definition Entrepreneurship does not choose who to consider as an entrepreneur. Like Roxanne Quimby and Burt Shavitz, any ordinary person can become an entrepreneur as long as they have bright ideas and opportunities that they can use into discovering things. An entrepreneur: * Sees an opportunity; * Makes plans; * Starts the business; * Manages the business; * Receives the profit. An entrepreneur is a person who is in control of a commercial undertaking. The word has also come to mean a person who is 'enterprising', who is ready to engage in a bold or difficult activity. A good quality of an entrepreneur is that one who has strong personality, like Roxanne Quimby who started without even knowing how the business would turn into. An effective entrepreneur is one who knows how to deal properly with circumstances and uncertainties. In some instances, becoming an entrepreneur is either when you learn to become one, or you are born into it. In real life situation, especially in the Philippines, poverty drives the entrepreneur spirit of the, people. This is why there are a great number of industrialists in the community. Generally, people are motivated to becoming entrepreneurs with the goal of making money or in some cases, just to make themselves busy. Whatever it is, an important thing to consider in becoming a successful entrepreneur is that you have dedication and passion. With this, anyone can be an entrepreneur especially...
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...Jasmine Morris The E-Myth Revisited By: Michael E. Gerber The E-Myth Revisited reflect on people who are entrepreneur with a small business or potentials who wants to become an entrepreneur and a start a business with what their passionate about. This book is introduce three sections about why most small businesses don’t work and what to do about it. This book also illustrates and shows statistics in America on how hard most entrepreneurs work harder then what their normally anticipated to do. The first of the book discussed, “The E-Myth and America Small Business,” part two illustrates “The Turn Key Revolution: A New View of Business,” part three “Building a Small Business That Works.” This book has elevated and stimulated my mind on the difficulties that a small business deals with challenges and help enhance on management and people skills. The Entrepreneurial Myth, introduce the entrepreneurial seizure which most people don’t realize when their experiencing the seizure. Inside a workers head they ask, what am I doing this for? Why am I working for this guy? “I know as much about this business as he does. If it wasn’t for me he wouldn’t have a business.” In the entrepreneurial seizure you make the assumption of wanting to start your business which is known as a fatal assumption. A fatal interference understands technical work of a business that you have developed and understand the techniques of that business. That technician is forced to operate the business, than...
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...obligation in life but we must take control of it so that we are managing our time in our careers and making sure that our families are satisfied. Bangladesh was the first country in South Asia to achieve gender-parity in primary education. Achieving this milestone is a result of effective public policy, resource allocation and strong commitment from public and non-government sectors. For example, Female enrolment in primary schools is now 51% and in secondary schools it is now 53%, while male is 47%. Women in Bangladesh take a huge step in the economy of Bangladesh. Between 2010 and 2013, banks and non-bank financial institutions has disbursed TK 67 billion to 57,722 women entrepreneurs from their own sources. In 2010, 13,831 women entrepreneurs received TK 18 billion; in 2011, 16,696 women entrepreneurs received TK 20 billion; and in 2012, 17,362...
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...Whether you're preparing to launch a startup or want to grow your business, one thing is for certain: You’re going to need money. Debt and equity financing are two different financial strategies: Taking on debt means borrowing money for your business, whereas gaining equity entails injecting your own or other stakeholders’ cash into your company. Two ways of bringing in capital to an organization are through Debt financing and equity financing. One of the resources for debt financing is through loans and lines of credit. Some of the loans include a small business loan (SBA loan). The Small Business Administration (SBA) has a loan guarantee program that allows small and minority-owned businesses to borrow money for various business purposes. The SBA does not issue loans, but it guarantees the loans that are made under its programs by commercial banks and other lenders. The SBA requires that a detailed loan application package be provided to the lender from any business requesting an SBA loan. These loans are a good option for businesses that have no other source of debt financing. The other means of obtaining capital is through a line of credit. A line of credit is a bank loan where a business can draw out funds whenever money is needed in the business. Companies with seasonal sales patterns draw on their lines of credit during the slow times to pay the bills and then pay the money back during the high season. Lines of credit are usually only available to well-established businesses...
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...an entrepreneur? Simply stated, marketing is everything you do to place your product or service in the hands of potential customers. It includes diverse disciplines like sales, public relations, pricing, packaging, and distribution. In order to distinguish marketing from other related professional services, S.H. Simmons, author and humorist, relates this anecdote. "If a young man tells his date she's intelligent, looks lovely, and is a great conversationalist, he's saying the right things to the right person and that's marketing. If the young man tells his date how handsome, smart and successful he is -- that's advertising. If someone else tells the young woman how handsome, smart and successful her date is -- that's public relations." You might think of marketing this way. If business is all about people and money and the art of persuading one to part from the other, then marketing is all about finding the right people to persuade. Marketing is your strategy for allocating resources (time and money) in order to achieve your objectives (a fair profit for supplying a good product or service). Yet the most brilliant strategy won't help you earn a profit or achieve your wildest dreams if it isn't built around your potential customers. A strategy that isn't based on customers is rather like a man who knows a thousand ways to make love to a woman, but doesn't know any women. Great in theory but unrewarding in practice. If you fit the classic definition of an entrepreneur (someone...
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...An ongoing study of company builders gets to the heart of it: The most successful entrepreneurs move quickly, adjust frequently, and above all trust themselves. m m INC. FEBRUARY2011 Does that sound like you? By Leigh Buchanan ILLUSTRATIONS BY GEORGE BATES FEBRUARY 2011 INC. 5 5 "I've never done consumer marketing, so I don't really know. I think probably... I would...I wouldn't doall this, actually. hat distinguishes great entrepreneurs? Discussions ot entrepreneurial psychology typically focus on creativity, tolerance for risk, and the desire for achievement—enviable traits that, unfortunately, are not very teachable. So Saras Sarasvathy, a professor at the University of Virginia's Darden School of Business, set out to determine how expert entrepreneurs think, with the goal of transferring that knowledge to aspiring founders. While still a graduate student at Carnegie Mellon, Sarasvathy—with the guidance of her thesis supervisor, the Nobel laureate Herbert Simon—embarked t)n an audacious project: to eavesdrop on the thinking of the country's most successful entrepreneurs as they grappled with business problems. She required that her subjects have at least 15 years of entrepreneurial experience, have started multiple companies— both successes and failures—and have taken at least one company public. Sarasvathy identified 245 U.S. entrepreneurs who met her criteria, and 45 of them agreed to participate. (Responses from 27 appeared in her conclusions;...
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...Home Get Started Promotion Sales & Service Operations Finance Franchising Technology March 23, 2015 Resources for Entrepreneurs > Good Business Ideas > I Want to Start a Small Business Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness. Ask me a question Visit us on View our news feed Follow Ken Stop by for a bit Get our newsletter Resources for Entrepreneurs Good Business Ideas Opening a Vietnamese Restaurant Starting a Vietnamese restaurant is a rewarding experience if you have the creativity and tenacity necessary to be a successful entrepreneur. We offer nuts-and-bolts information on successfully operating a small business. Wondering how to start a Vietnamese restaurant? We take you step-by-step from start to success. How to Start a Vietnamese Restaurant Are you friend or pho? Sorry for the bad Vietnamese food pun! But, seriously, we are here to help you learn about opening a Vietnamese restaurant. What questions do you have? Consumer Expectations for Vietnamese Cuisine Vietnamese is one of a handful of ethnic cuisines that have gained traction in the U.S. restaurant industry. But like any other restaurant cuisine, consumers have certain expectations about the Vietnamese restaurants they patronize -- and those expectations may not always line up with typical cuisine in Vietnam. For startup...
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...15 African Entrepreneurs Jonathan Liebmann Country: South African Occupation: Real Estate developer Position: CEO of Propertius Details: Liebmann, 28, is the Managing Director of Propertuity, a South African Real Estate development company and the brains behind the construction of the Maboneng Precinct, a thriving cultural district in the east side of Johannesburg’s CBD. Once neglected and deteriorating neighborhood housing abandoned industrial complexes. Liebmann transformed Maboneng into a vibrant urban mixed-use community complete with Art galleries, artist studios, retail spaces, offices and artist studios. Patrick Ngowi, Country: Tanzanian Position: CEO, Helvetic Solar Contractors Details: Nine years ago, Patrick Ngowi, 28, received a small loan from his mother to start off a business. He started off selling Chinese mobile phones, but when he discovered that a tiny fraction of Tanzanians enjoyed any access to stable and reliable electricity, he knew he had to rectify that problem. Ngowi set up Helvetic Solar Contractors Limited, a company that is a pioneer in the supply, installation and maintenance of solar systems throughout the Northern Circuit of Tanzania. Helvetic Solar Contractors is the first company in the Northern Circuit to cater for Solar needs. The company did about $3 million in revenues last year. Lorna Rutto Country: Kenyan Occupation: Green Tech Entrepreneur, Founder, EcoPost Details: Lorna Rutto, 28 is the founder of EcoPost, a profitable social enterprise...
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