Self-motivation has to be embedded in their thought process, emotions and actions. An entrepreneur knows what they are working towards daily. They keep the desire going for their idea with self-motivation and discipline. Entrepreneurs know where they want their end goal to be, or at least most of them do. Is this goal that they want to become millionaires or is it that they want to be the boss? Only the entrepreneurs themselves can decide that and strive as hard as they can for it. Entrepreneurs understand that there is no time to sit back and relax. This job will require everything they have, such as time, money, and all their efforts. As Niklas Zennstrom founder of Skype and Kazaa states, “If you want to be an entrepreneur, it’s not a job, it’s a lifestyle. It defines you. Forget about vacations, about going home at 6 pm – last thing at night you will send emails, first thing in the morning you’ll read emails, and you wake up in the middle of the night. But it’s hugely rewarding as you’re fulfilling something for yourself” (Kabbage, paragraph 102). This is an excellent example of the fight within an entrepreneur to keep …
Monthly Archives: October 2018
Set Up and Manage Your Own Pinterest Profile
Don’t worry too much about a website at first. Focus on the social media platform that you want to work within. Make it clear that you know what you’re doing by creating the perfect Pinterest profile. This is more than just putting up a few pretty images.
Your pins need to convert. They need to be repinned regularly and you need to be part of group boards. Your descriptions need to be good and convert viewers into customers/clients.
You can set up a different account to the one that you currently have. However, you will be working from scratch. Consider turning your current profile into your business one.
Set Up Your Virtual Assistant Website
Now it’s time to spend some money on a good website for your business. This needs to follow the same branding as your Pinterest profile. It’s essential that you use the right keywords, which means finding out about the keywords your target audience is using to find someone like you. Use Google AdWords for free to find out this information.
Make sure your website has all the legal and professional requirements. These include your Home Page, About Page, …
Types of Routes
We have two main types: protected and independent route
Protected: This type of route comes with the protection of the location and a single supplier. It includes protected stops and protected territory. A protected stop means that the owner does not have a specific territory but only a specific location. The owner has the assurance that no one who distributes the same product can enter or sell to your specific location while a protected territory gives its owner the guarantee that nobody distributing the same product can enter the territory or geographical area of the route. examples of protected routes that come with geographic territorial boundaries are Wised. Pepsi and FedEx which are usually household names.
Independent: An independent route comes with high flexibility. That can receive products from as many suppliers has it wants thus giving the route ability to provide a variety of products at the different prices. Their diversity of products guarantees the best prices. Generally, independent routes offer higher nets for lower profits. Independent routes include vending machine, bread, snacks, meat, cakes, and provisions routes.
Finding a Route
Investing in a delivery business starts with the purchase of a route. the process …
- Build affinity through authenticity. Share your passion, struggle, journey, mission, hope and ideas by telling us how you got there, got through, got burned and what you learned. We identify because we have been where you are.
- Transition to transformation. Remember to tell us the then and now. don’t skip parts. The harder the climb, the greater the triumph. Helping us know what someone had to overcome to get where they are gives us courage to press on and not give up.
- Be light-hearted and engaging. A good storyteller know when and where to use humor and how to infuse the story with fun and engaging anecdotes and information that still helps get the point across.
- Imagery open the imagination. Details and descriptions help us to connect with the characters and plot on a deeper level.
- No fish tales. To resonate with the audience the most, you have to be real. Plausibility is more persuasive. Tall tales are easy to see through and will cause you to lose credibility in the mind of the listener.
So whether your speaking or writing your story, even though you have pertinent and relevant information to share and want to direct your audience to …
- Work with millennial and change your thinking.
- Think from your client’s standpoint and create a positive product experience from this viewpoint.
- Common Q&A if you get the same questions try re-writing your website copy to better answer common questions.
- Focus on creating a long-term client not just a one-time sale.
- Read about marketing trends and the directions on technology
- Eliminate untrustworthy or toxic people from your life, this could be a lifelong friend, family member, a dishonest bank that has cheated for so long it’s become common practice, or even your mortgage broker who breaches your client trust and confidentiality.
- Monitor What direction your top 5 closest competitors are doing and create an average for your new direction if a new change is needed.
- Have a upsell strategy built into your product purchase process.
- Train your staff right from the start on exactly how to carry out the tasks they are expected to complete.
- Cut your costs, all businesses have expenses. Most businesses have expenses that can be cut. Don’t wait until you need to cut your operating costs to start eliminating unnecessary services and expenses from your monthly burn rate. Take a look into the expenses that don’t equate
Your Budget Is as Strong as Your Contingency.
Underestimating your costs is a sure fire way to sabotage your chances of success. The goal of a start-up should be to thrive; it’s not enough to plan for a shoestring budget that allows you to survive. With no money available for growth or breaking into a market, this initial capital will quickly dry up before your revenue has a chance to grow.
Too many entrepreneurs focus on the cost and profit of their actual product, without considering other expenses such as legal fees, market research or additional staff that might need to be brought on to cope with growth.
Always include a realistic salary for yourself in your cost projections. While you may be willing to work for less now in anticipation of higher rewards further down the line, your landlord or phone company are unlikely to be so flexible in payment arrangements.
Build a Strong Team.
Friends and family members make up an important support network for a business owner, and it is important to surround yourself with people you can turn to for honest advice. However, the key is to make a clear distinction between personal and professional help. …
Know what you are going to do to make money:
If you are going to be a successful entrepreneur it is important to know how you are going to generate income. Exactly what is your vision for entrepreneurship? Being an entrepreneur is not like having a hobby. You much be able to transform your idea to income.
Don’t be so quick to fire your boss:
I know you are probably so excited to transition from employee to entrepreneur that you are ready to turn in your “two weeks” notice and never look back. But is that really the best choice to make? There are many benefits to keeping your job. It is a wise idea to keep your job so that you can have money coming in to pay your bills. If you don’t have money coming in to pay your bills that is going to be very stressful, and it will be challenging for you to unleash creative entrepreneurial ideas with a stressed out mind.
It is also a wise idea to keep your job because you can use money from your job to fund your entrepreneurial vision. You can set aside a portion of your paycheck to buy …
If you are just starting out, you have no collateral to give anyone in exchange for their money. You have an idea for a business and hopefully you’ve done some market research to establish that someone will buy your product or use your service. Most banks will not talk to you about a loan. You will be self-funding your business. Most start-ups raise cash through the savings of their owners, the credit on their credit cards and maybe re-mortgaging the house. Occasionally, you will get funding from family members and friends who believe in you and your idea. They will chip in, sometimes in exchange for an ownership interest, sometimes just with a promissory note.
There are online microloans (i.e., Kiva) and crowdfunding platforms ( i.e., Indiegogo and Kickstarter). But microloans carry high interest rates and crowdfunding platforms typically require you to publicize your need for capital. Who will you publicize your situation to? Your family and friends. If you have an exceptionally catchy backstory, the crowdfunding platform may do some publicity for you but mostly you are responsible for raising the money yourself.
But, mostly, new entrepreneurs bootstrap their financial needs. They either work at a job while saving …
Research your market
You will need to do some research before taking the big plunge into business. Conducting your market research is an orderly way of learning about the people who will be buying from you. Essentially will need to uncover if there’s demand for your service, how much and for what areas. Market research will virtually cost you nothing with access to the internet and a computer.
Create a Business Plan
A business plan is a written description of your business future. It summarizes what you plan to do and how you plan to do it. A business plan should never be skipped as it will provide you with the most detailed guide for setting out your future business goals and being able to track if they are being achieved.
Register your business
It is important to register your business and secure your business name legally to make your business operations official. This is an important step for setting yourself up as a serious, trustworthy and professional service provider. This is also the time to think about what type of business structure you would like to have. Will this be a sole proprietorship or will you be working with …
The mobile movement
Take a look around you and you will notice the astounding amount of people using a smartphone or other type of mobile device. The amount of people having access to mobile devices keeps increasing along with those purchasing merchandise online. If you are not marketing your products to those people, you are surely missing out on a lot of sales.
Stand out in a crowd
The popularity of online shopping means that there is now a lot more competition out there in every single niche. Businesses that were once the go-to brand are now forced to compete with aggressive start-up companies that are young and exciting. Online advertising is an easy way to get your message across to more people and to show that you are still the best option out there.
Business owners that say they do not need to be online to succeed are likely to see their competitors steal their business. Technology is king nowadays, and if it appears that you are on the outside looking in on all these changes, your business is likely to be viewed as archaic. This allows aggressive start-ups to take a slice of the market right …