People enjoy a lot of comforts as they go through life each day. Have you ever wondered who are responsible for all these life's comforts? You have to thank the entrepreneurs for it. But, what is an entrepreneur?
Entrepreneur has many meanings. If you want to know exactly what it means, just keep on reading.
A person who assumes business responsibility and the risks that comes along with it is called an entrepreneur. As an entrepreneur, one expects to make profits, whether big or small, depending on the business he or she is involved in. generally, the entrepreneur decides which product or service to offer, obtain the needed facilities, hires the required labor force, acquire production materials, and provides for the capital.
There is no assurance that the business will become a success. However, if the business proves to be a success, the entrepreneur will reap all the benefits and rewards in terms of the profits. In case of a loss, the entrepreneur will also be the one to suffer.
Assuming business responsibilities is definitely not an easy task. Not many individuals are willing to take huge responsibilities, and most especially take all the risks. Only an experienced and knowledgeable individual will dare to become an entrepreneur. The ultimate goal of an entrepreneur is to earn profits.
By putting up a small business, you will also earn limited returns but by establishing a big business, you will also earn more profits. The choice will depend on the entrepreneur and his or her available resources.
As the most important person in a business venture, an entrepreneur will be the one to decide which product or service to offer. He or she must be able to determine the needs of the people and provide the answer to such needs. A careful study of the targeted market is required. This takes time because one can't decide immediately what product or service to offer.
Once the products or services are identified, it is now time for the entrepreneur to obtain all the needed facilities. This will include the building or the place of business.
Along with it are the other things needed such as the office furniture, fixtures, and many other things. The capital is usually provided by the entrepreneur and a part of it will be allotted for the acquisition of the facilities. Later on, these things will be considered as one of the assets of the business.
Recruitment of the labor force is also an important part of being an entrepreneur. The business will not succeed if it doesn’t have a loyal labor force. Everyone should work together in order to achieve success. It is therefore of utmost importance to hire only the qualified employees.
As you can see, the entrepreneur has to take care of many things. This may be one reason why not many individuals are willing to become one. If the business succeeds or fails, it is all because of the entrepreneur.
Now that you know what an entrepreneur is, would you like to become one? Well, if you have the right attitude, skills, and qualifications, you too can become an entrepreneur. It would be best to embark on a humble beginning. Don’t attempt to reach the peak of success all at once. It takes hard work, dedication, and perspiration. You must take one step at a time.
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Thursday, December 31, 2009
Saturday, May 2, 2009
Effective Ideas for Home Based Business Entrepreneurs
How can you establish a business without leaving the comforts of your home and do so with just a small capital? The answer is simple and it’s right in front of you. Think for everyone else. Act for everyone else. If they can’t do it, do it for them.
But how would you do it? To know the specifics, take time to attend seminars and workshops for more information and how to gather tips on starting a business. If you don’t want to spend your money on the first suggestion, there’s always an alternative. You could drop by the library within your community and read books regarding management and business. Well at least, that’s free. You just have to be part of the community. Or better yet, use the internet for various researches.
Home based entrepreneurs benefit vastly on having their business right at their doorstep. It extinguishes the agony and trouble of being stuck in heavy traffic and being late. Travel time would take at least thirty seconds from your bedroom to your home office. No dress code required.
You could come to your office on your pajamas, no one cares, and you’re the boss. Family time is not compromised. You are the boss of your own company. Best of all, self-discipline is practiced.
Here are 3 of the best suggestions for gearing up your home business:
1. Garage Sale – “the old and perhaps the new”
Sure you have clothes that are used only once. Those that your mother gave you when you were three but you wore them only once cause you never liked it. Remember? That’s right. Sell it on Monday.
Sign board announcement: Kid’s stuff on sale!
Your husband loves sports but that was 5 years ago. Again, sell it on Tuesday. Hunt down those baseball cards and sports gears he kept in his closet.
Sign board announcement: Sports stuff on sale!
Now are you having a clearer picture of what I’m trying to paint? You could sell different kinds of stuff on different days. That would make your garage a bit more interesting.
2. Food for Thought – “Sweet. Spicy. Sour.”
Cooking can be very consuming. But if your hands were made for it, then try the catering business. Supply food for gatherings like parties, anniversaries, meetings, etc. If you’re also good with pastries, then convert your garage or a part of your house into a mini café.
Set up a relaxing ambience that would suit and entice customers to hang around. Give them a reason to stay. A good cup of coffee, light music, and a satisfying bite of their favorite blueberry cheesecake would definitely work up an appetite to keep them coming back for more.
3. Clean it, Scrub it – “From top to bottom”
Having an obsessive-compulsive type of personality can be an advantage and it can be put into good use. Aside from imposing cleanliness within your own vicinity, other people’s house might need it as well. In a generation where time is of the essence, workaholics fail to maintain an organized environment.
That’s where you come in. Advertise your services to those people who badly need grooming. Emphasize that when the environment is healthy, the client is healthy as well.
Are thoughts rushing in? From my point of view, the percent of failure depends on the time when you say “no” or ‘it’s not possible” to realizing that it is.
But how would you do it? To know the specifics, take time to attend seminars and workshops for more information and how to gather tips on starting a business. If you don’t want to spend your money on the first suggestion, there’s always an alternative. You could drop by the library within your community and read books regarding management and business. Well at least, that’s free. You just have to be part of the community. Or better yet, use the internet for various researches.
Home based entrepreneurs benefit vastly on having their business right at their doorstep. It extinguishes the agony and trouble of being stuck in heavy traffic and being late. Travel time would take at least thirty seconds from your bedroom to your home office. No dress code required.
You could come to your office on your pajamas, no one cares, and you’re the boss. Family time is not compromised. You are the boss of your own company. Best of all, self-discipline is practiced.
Here are 3 of the best suggestions for gearing up your home business:
1. Garage Sale – “the old and perhaps the new”
Sure you have clothes that are used only once. Those that your mother gave you when you were three but you wore them only once cause you never liked it. Remember? That’s right. Sell it on Monday.
Sign board announcement: Kid’s stuff on sale!
Your husband loves sports but that was 5 years ago. Again, sell it on Tuesday. Hunt down those baseball cards and sports gears he kept in his closet.
Sign board announcement: Sports stuff on sale!
Now are you having a clearer picture of what I’m trying to paint? You could sell different kinds of stuff on different days. That would make your garage a bit more interesting.
2. Food for Thought – “Sweet. Spicy. Sour.”
Cooking can be very consuming. But if your hands were made for it, then try the catering business. Supply food for gatherings like parties, anniversaries, meetings, etc. If you’re also good with pastries, then convert your garage or a part of your house into a mini café.
Set up a relaxing ambience that would suit and entice customers to hang around. Give them a reason to stay. A good cup of coffee, light music, and a satisfying bite of their favorite blueberry cheesecake would definitely work up an appetite to keep them coming back for more.
3. Clean it, Scrub it – “From top to bottom”
Having an obsessive-compulsive type of personality can be an advantage and it can be put into good use. Aside from imposing cleanliness within your own vicinity, other people’s house might need it as well. In a generation where time is of the essence, workaholics fail to maintain an organized environment.
That’s where you come in. Advertise your services to those people who badly need grooming. Emphasize that when the environment is healthy, the client is healthy as well.
Are thoughts rushing in? From my point of view, the percent of failure depends on the time when you say “no” or ‘it’s not possible” to realizing that it is.
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