10 Benefits Of Being An Entrepreneur

1. Being in control:

The best thing about an entrepreneur is that he is in absolute control of his life. He does not have to report to anybody. He can take a vacation any time he feels he needs one. He gets to decide what can happen in his venture. Best of all, nobody can fire him. It totally rocks to be your own boss and to create your own destiny.

2. Work becomes Fun:

Now, most people who work in 9 to 5 jobs always get exhausted at the end of the day and they dread the morning of the next day. Especially, after the weekends. Some call them “Monday Morning Blues”. Now, an entrepreneur works 24/7 and thus puts all of his energy into his work. By working this hard, he enjoys whatever he does and because of this, whatever venture he puts his effort into, will eventually turn out to be a great success. Work is what one is obliged to do while fun consists of what one is not obliged to do. (From Tom Sawyer-Mark Twain.) So now the equation is WORK=FUN.

3. Free from Boredom:

Arthur Schopenhauer, the great German thinker and philosopher says that there are two kinds of misery. One is the misery of the working class another is the ennui of the born-rich, the fashionable society.

Misery of the working class: Because these people are busy generating wealth for others, the only thing they crave for everyday is REST. They wish to enjoy life to its limits but they can’t. They are constrained by their work.

Misery of the fashionable society: Now, these are the few individuals most people desire to become. It really is a wonderful thing to be rich and do all the things that a typical “working class” person dreams of doing. Now let us look from a celebrities’ perspective. Because these “filthy rich” people get to do any thing they desire, they actually come to a state where, nothing much else gives them a “high”. Parties sound like fun and having physical pleasures very tempting. Now imagine doing the same things over and over again in a dull monotony. Then you come to a state of “ennui”, a state of absolute boredom. The other end where the “pendulum” of life swings to, according to Schopenhauer. So, to stimulate their senses further than that which is natural, the typical celebrity resorts to drugs, which is just the beginning of a complete destruction for them.

Now, an entrepreneur, though gets to be really rich, is not in this primarily for enjoying the pleasures of the rich. Getting to execute his ideas is what satisfies him. For a true entrepreneur, work is not a means to an end. It is an end in itself. The process is as rewarding to him as is the end product. Because an entrepreneur is consumed by his desire to work hard, he gets really no time to engage in trivialities of everyday life. Now, how can he get bored?

4. Better relations with other people:

Because an entrepreneur is very busy, he will have very little time for others. Because of this, he will not become “Over Familiar” with others, which is the root cause for finding faults in others resulting in mischievous gossips. He will have only contact with people of his own caliber and usually this kind of friendship lasts for life.

For example, take George Washington Carver, the great American scientist. He was self educated and was the man behind peanut butter. It was he who discovered natures secrets by the hundreds. He singlehandedly changed the course of many agriculture based industries through his hard work and dedication. And the more familiar Henry Ford. These two great men who worked hard all their life, forged a great relationship and were there for each other till the end. Or take the case of Bill Gates and Warren Buffet. Bill Gates thought he had nothing in common with Warren Buffet who was an Investor.Bill Gates had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for Ten Hours! Such is the power of those who work hard on their own free sweet will!

5. Self Confidence:

Because an entrepreneur trusts in himself more than anything else, it unlocks the Giant that is present within himself. Coupled with the tremendous effort that goes with the task of getting an enterprise up and running, an entrepreneur is sure of success. This success breeds more success which in return instills greater faith in himself. After all, who does not wish to be self confident.

6. Giving back to the Society:

It is truly a great privilege to be given an opportunity to give back to the society. Entrepreneurs create wealth and job opportunities for others. This way, many lives are touched and changed for the better. By giving back to the society an entrepreneur experiences a sense of meaning and purpose in his life, which others, merely by accumulating wealth will never get to feel. Money to a real entrepreneur is merely a tool and never an end in itself.

7. Free from wants:

A passionate entrepreneur will not have the desire for any thing material because he has so little time for frivolities. Because he is completely immersed in his work, he is satisfied with whatever physical comforts he already has.

8. Being original and true to oneself:

Most people do things to please others. They do not have any thoughts of their own. Instead, they live the lives that others dream up for them. They want to please their children or friends or their parents and sincerely do what is expected of them to do. They live double lives all the time. Doing things they don’t want to do, talking stuff they don’t believe in just so as to fall in line with others. As the saying goes, “No man is an island unto himself”. Entrepreneurs however are a rare breed. They do exactly what they want and say precisely what they believe in. You may criticize them, show them their defects or mock at them, but the one thing you cannot do is influence them. Entrepreneurs are whole souled beings who think their own thoughts and live their own lives. Thus they are not split in their minds between their inner and outer lives.

9. Enjoying time-out:

An entrepreneur will in all likelihood enjoy every second of the time they spend outside of their work. Events like movies, trekking or simply chatting with friends become very special because of the little time they get. They understand that they might not get an opportunity for indulging in these activities frequently and so enjoy every moment of it.

10. The Exhilaration of Success:

Very few get to experience the sweet taste of success. An entrepreneur accepts the challenges, works hard to overcome them and when victory results, he savors the moment. Even when he fails in the beginning, he does not lower his head nor does he give up because he believes in the essence of what Theodore Roosevelt once quoted

“It is not the critic who counts, nor the man who points how the strong man stumbled or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly, who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at best, knows the triumph of high achievement; and who, at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat.”An Entrepreneur is, by his very innate constitution poised only for success.

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Return to India Jobs – What’s Hot, What’s Not?

If you are an NRI and are browsing the internet, you will be surprised to find many placement agencies and websites which have sprung up in recent times offering their services in locating NRIs with the perfect jobs which commensurate with their present status in the USA. Many Indians in USA are logging on to these websites and are posting their resumes, hoping that they will land up with a lucrative job in any multinational company or corporate business house in India.

The Indian economy has begun to boom and many are waking up to this fact. India is making a slow but steady progress in her growth and many NRIs want to be a part of this growth and do not want to miss this opportunity.

It is not only sentimental reasons like being with aged parents and other close relatives that are attracting Non-resident Indians to return in search of Indian jobs. Many sectors are currently in need of trained professionals and experienced skill personnel that are luring these people to return to Indian jobs. The demand does not rest with only jobs in the technology sector but in other sectors like shipping, construction, health care, biotechnology, newspaper industry, specialty marketing and aerospace. Most of the jobs in these sectors are up for grabs for highly qualified and experienced personnel and Indians working in Indian companies in USA are finding these as a very attractive option.

Many of the websites catering to finding jobs for NRIs are enticing these people with lucrative benefits and perks like all expenses paid relocation, comfortable lifestyle, salaries on par with US currency, company accommodation and much more. The hot jobs that are luring many Indians in US are the white-collar jobs and managerial positions in financial institutions and investment banking sectors. The hot jobs, which are being filled, are the middle and senior management levels in the different corporates and companies.

Many western and European business houses that are keen to set up their businesses in India are looking for expatriates who are willing to take up responsible senior positions to manage their business in India. With their expertise in work knowledge and exposure to international trade practices, these Indians are an asset to these foreign companies.

With the merchant banking and investment banking sectors emerging as two of the hot spots that are offering lucrative Indian jobs [http://www.imrti.com/] opportunities to these NRIs, there are jobs in the technology field which are not so hot and attractive any more to the returning Indians. Most NRIs returning to India are looking for jobs in the managerial levels. It is these jobs that are very attractive with all their perks and pay structure. The Indian IT industry is already up to the brim with talented workforce from the local population, but it is the other sectors like banking and investment, construction and health care that are offering some of the hottest jobs to these Indians from USA. If you are working with an Indian company in the US and are currently looking for jobs in India, you know where to look.

Hiring A Business Consultant In India Will Give New Dimension To Your Online Business

The need and significance of employing the services of a Market-Research company is highly comprehended these days by online business entities. The most sought after upshots are a head start over competitor and a wide improvement in line of products and services. An apposite business consultant in India will proffer you with pertinent data which will help you reorganize your strategies and nurture the precise client base.

Online market research will assist you in laying your hands upon relevant stats and reports which will prove fruitful in making your online venture a major success. When it comes to finding an apt Market-Research company, we will come across thousands of them on the World Wide Web. Their essential chore is to proffer you with imperative information which will help you take an edge over your competitors.

Market-research companies utilize professional research analysts, who are competently educated to work in explicit market fragments to proffer their client corporations with pertaining and relevant data. Contacting a business consultant in India will lessen much of your burdens as they are well equipped with sophisticated technologies and state of the art online tools to gather market data and make it work for you. Market-research works aptly for both freshly started businesses and time honored establishments as they are always in search of innovative and resourceful ideas as to how to expand the business and develop it to newer heights.

Proffering significance to market research is a guaranteed stratagem that could fetch an assortment of advantages to your company. Intermingling with genuine clients is the most excellent technique to come back with most desirable inquiries and determine what the market holds for the concerned corporation. The existence of a complete in-house team of experts at a business consultant in India makes sure that the market research is altered into commercial lead for clients. An apposite MRC will also help you meet commercial confronts by indefatigably fabricating ground-breaking and eccentric means of collecting applicable information and adapting thus collected data into strategic trade insights.

You should always do a bit of intricate research on the World Wide Web, before plunging into the decision of hiring a certain mrc. You should always double check its profile, its history, list of satisfied clients, their transparent work procedures, customer’s testimonials and pricing structure for their services before going in to utilize their services for business development.

Do I Have What It Takes to Be an Entrepreneur?

Looking into a viable business opportunity, many young potential entrepreneurs have the same question in mind. Do I have what it takes to be a successful entrepreneur? Is this a good time to quit my job and invest all my time into this exciting proposition that I have chanced upon? Before you get into the in-depth details about how good the business is, maybe you need to do some soul-searching and explore your personality. Read ahead to find out about the important traits of successful startup owners.

Dynamism and Resilience

To begin with, entrepreneurs are passionate about what they do. They’re truly committed to making their enterprise work and when you meet them, they come across as dynamic, energetic people. Do you think that sounds like you? Further, you yourself need to completely believe in the product or services you intend to produce and sell. In addition, you’re going to face situations and people who, most likely, will shoot down every idea you have. It’s going to be a tough road ahead. And, you’re going to have to struggle all the way and for every aspect of your startup. Whether it is garnering the finances you’ll need, looking for suppliers for raw materials, or convincing marketers and buyers, to name a scarce few.

Persistence

The bottom line is that true entrepreneurs are persistent and determined. They don’t let the answer, “No!” get them down. There will be days when people actually laugh at you for the concept you have. And, there will be friends and family members telling you not to quit the security of your job to plunge into a venture that may or may not eventually succeed. You’ll have to hang in there – no matter what.

Competitiveness

You’ll need to plan for the competition you’ll have to deal with. As you begin exploring your business idea, chances are there are other people out there that are trying to make the same idea work. You have to be able to add that special USP that will make your products stand out from the rest. When your customer asks you, “Why would I want to buy your product as against the many others out there in the market?” You need to be prepared with the right answers.

Communication Skills

One of the key skills that a successful entrepreneur needs to nail down is – great communication. You’ll need strong people skills to sell everything you have in mind – the business concept to your stakeholders, getting support from family, and then, convincing customers.

Drive, Determination and Hard Work

Success does come at a price. And, that price most certainly is hard work. You have to have the drive and determination. And, you need to be prepared to put in long hours at work. This is especially true in the initial stages of your business when you’re still finding your feet. Are you prepared to put in 48 hours worth of work each day? If you do then you’re on the right track. But, there’s one other factor you need to remember. Success can be elusive. And, you’re going to face setbacks all the time. Do you have the resilience to stand firm in adverse situations and forge ahead no matter what?

If you feel that the person this article is talking about is you, then YES!, You do have what it takes to be an entrepreneur. So, what’s stopping you?

Entrepreneurship Knowledge Services

When an entrepreneur is starting a business he or she is faced with the requirement of several functions in which they might not be experts. They may know, for example, all there is to know about wholesale distribution but have no idea how to build a website.

Since most companies are started with very limited funds, many entrepreneurs are reluctant to set money aside to pay for consulting services to fill in their knowledge gaps. For example, many create a website from the many templates available. Some are even free.

Where the company website is concerned I feel that the use of existing templates is a false economy. The website functions as an online calling card and needs to put your best foot forward. For site visitors, seeing a format that they have seen before can reflect badly on you.

The amount of time required for the entrepreneur to become proficient enough to develop a quality website takes time away from tending to functions relating to product knowledge, operations and management. Contracting with a website development company could be the solution.

Websites, to be noticed, must go through the Search Engine Optimization (SEO) process. The purpose of SEO is to improve your website’s chances of ranking high in a search. The mechanism for doing this is complex and dynamic. This again is a very specialized function that is often beyond the capability of the business owner.

There are functions which may be grouped under the heading Entrepreneurship Knowledge Services that will present the company at its best. In addition to the website and SEO examples these can include Business Strategy Planning and Business Valuation Services.

Entrepreneurship Knowledge Services is a rich term covering what one needs to know to be a successful entrepreneur. There are other issues to be considered besides knowledge however. Do you have the right temperament? Do you have enough tolerance for risk? Can you acquire the funds to be a success?

My recent experience is that the cost of business services for the self-employed is going down. One of the reasons is the quality and economy of services from Indian consultants. My experience with two firms in India has been positive. This is simply my experience, and yours can be vastly different, but I got a substantial amount of website design for about $4,000 and SEO for about $2,000.

Your reaction may be that adding $6,000 to your startup expenses is prohibitive, but by farming this out the entrepreneur should find a quicker path to profitability.

Secret Strategies To Generate Money From Amazon To Become Digital Entrepreneur

You may check, if we are trying for making money on online, almost 98% of our efforts or actions will be scammed by well skilled scammer in the name of Online Digital Marketing. Since online money-maker is not a money-maker they are just online money dreamer, unfortunately they are money looser. Even if we earn 0.50$ means someone earned 5$ through us. Over the Internet there are hundreds of online money earning opportunities exist, like Freelancer, Affiliate marketing, paid surveys, ad clicking and ad posting, ad clicking websites, Mobile app Tasks, Daily login and paid online tasks etc. If we consider Time, cost & effort factors, those hundreds of opportunities may fail to bring Passive online Income constantly for us.

For example, if we consider online tasks like “5$ per one survey” just think, is it possible to get daily basis? If yes. Definitely you are the well skilled digital scammer.

One of the well-recognized online money-making technique is Affiliate Marketing. Yes, of course. It is the greatest way to earn money online. Here the problem is you need a well traffic generating Website or Blog to become affiliate earner. Here I have a product to promote and new website. But I don’t have Traffic. For this you may get free traffic sources, but it requires continuous effort over the year without a single penny. In case of paid traffic, it’s so expensive, need certain skills to optimize keyword for your promotion. And those paid traffic may be or may not be generates sales for you. That’s why it’s a good and passive income generator for you, if you are well familiar with Affiliate Marketing Strategic and Skill-set Training otherwise it’s too expensive and like a Gambling.

As a freelancer, I had subscribed membership plan on one of the famous freelance website by paying certain membership fee, and after that I started to search for work. Wow! there are number projects available in my selected category in these websites. But those projects were already bide by hundreds of freelancer like me. I thought that event I bid low price on these projects there is no Guaranteed for availing these projects, why I need to waste my Time, energy and Money on these kinds of Unprofessional things?

Making money online isn’t a ‘get rich quick’ scheme. If you want to become a successful online earner, you need to adopt a long-term mindset. Whatever you want to do online, do it through Professionally Le-Earn strategy. For example, if you want to become successful you-tuber having 5 million channel subscriber within a year. As an individual person it’s difficult to achieve this goal card. But it was proven by successful YouTube earner through their back-end strategic training and implementation. Therefore this goal is achievable by strategic learning & obtaining well training from digital experts for free of cost or paid training services also. Definitely this strategy help you to achieve online earning goal will successful on internet.

EMPI Institution Conducts India’s First International Mobility Festival With Inauguration of AIC

EMPI Institutions, New Delhi and it’s Atal Incubation Centre, supported by Niti Aayog, Govt. of India; conducted India’s first Mobility Mission Festival (MoMi) on Mobility Design, Technology and Business for Vehicles of the Future – Electric, Connected, Autonomous and Shared. This initiative was structured under EMPI iFutures, India’s first Futurization platform -­â€ A platform to carry forward EMPI’s credo of Innovating Futures philosophy across different sectors. The Festival was organized in association with Ricardo as Knowledge Partner and Nissan as Mission Partner. The event took place at the EMPI residential campus in Chattarpur, New Delhi.

During the festival the Atal Incubation Centre – EMPI was inaugurated and blessed by Mr. Ramanathan Ramanan, Mission Director, Atal Innovation Mission, Niti Aayog, Govt. of India. AIC-­â€ EMPI is the only AIC focused on Renewables, Smart Energy and New Mobility.

It was heartening to see about 300 Engineering and Management students and start-­â€ ups from pan India and internationally from countries such as Bangladesh, Vietnam, Philippines, Fiji, Afganistan and Taiwan enthusiastically registering and participating in the various competitions, Masterclasses, Workshops and Panel Discussions.

President, EMPI Institutions, Pankaj Saran welcomed the gathering and spelt out the unique thematic concept of the festival, an ideas festival, that has brought together a large number of students, start-­â€ ups, MSMEs and eminent experts from the industry to address real life problems being faced by the industry in facing the disruption taking place in new mobility space. The keynote session was conducted by two eminent thought leaders, Srihari Mulgund, President, Ricardo Asia and Sirish Batchu, VP, Software & Intelligence, Ather Energy who gave a broad perspective on the changing paradigm of mobility. Following these two plenary sessions were conducted. One on Design Thinking by Manish Vashisht, Design Director – IBM and the other on Connected Vehicles by Nitin Nair, General Manager, Connected Cars -­â€ Africa, Middle-­â€ East & India of Nissan Motor Corporation.

In the evening a panel discussion was held by another array of stellar speakers on Innovations in the Future of Mobility. The speakers were Atul Arya, Head – Energy Division, Panasonic; Gaurav Talwar, Sr. Management Consultant, IBM Business Consulting Services; Sriram Padmanabhan, VP-­â€ Marketing Nissan, India and Soumya Bhattacharya, AGM – Delhi Integrated Multimodal Transport System (DIMTS – A JV of Delhi Govt.) and Prasad Mane, Vice-­â€ President (Asia), Ricardo. The panel was moderated by Deepangshu Dev Sarmah, Editor-­â€ in-­â€ Chief, Auto Tech Review, a Springer publication.

The festival consisted of different track events spread over 30 hours like Hackathon, Designathon, Brandathon, Pitchathon, Makeathon Expo, Quizility etc. The Hackathon had multiple real life problem tracks identified by the industry and a large mentor team from the auto eco-­â€ system. In the Designathon, Brandathon and Pitchathon leading experts conducted masterclasses and gave problems for the teams to solve. In Pitchathon teams with Business ideas underwent a masterclass on structuring Business Plans and then improve and refine them for making an actual pitch to the investors. Quzility witnessed a unique quiz format with a thematic quiz on the Mobility eco-­â€ system. The Makeathon consisted of teams from India and abroad wherein student teams from various colleges had prepared innovative working prototypes ranging from a Retrofit motorcycle to a submarine to detect oil spills and plastic waste in oceans.

The Masterclass of the various sub-­â€ events were conducted by the likes of Sudhir Mor, Co-­â€ Founder, Designshift, ex Ola electric; Rahul Kumbhar, Industrial Designer and Varun Arora, Dassault Systèmes; Gagan Ghai, Director, Crest Capital / Advisor and Managing Partner -­â€ Venture Catalysts; Rohit Kumar-­â€ Vice President, Hansa Research Group; Punit Banga, General Manager – Nissan. Judges and Mentors included top mobility experts from Ricardo led by Mr. Srihari Mulgund, President (Asia), Anshul Punjabi, Chief Marketing Officer, Monster; Sriram Padmanabhan, Vice President, Nissan, Neeraj Tyagi, Managing Partner-­â€ Venture Catalysts and Nemesisa Ujjain, Director -­â€ Innovation Projects, Hunch Circle.

The Expo consisted of state-­â€ of-­â€ the-­â€ art vehicles demonstrated for display and tests drives by leading companies and start-­â€ ups like Nissan, Hyundai, Tatas, EESL Gowel, Areon Mobility, M2GO, RNA Innovations amongst others. Nissan displayed their yet to be launched Leaf 2 and their innovative power note, an E-­â€ car with a range extender.

Sriram Padmanabhan, Vice-­â€ President (Marketing), Nissan India said, “He was quite surprised and impressed with the creative ideas of the students. It’s a great thing that organizations like EMPI are setting up events like these.” Top Experts led by Mr. Srihari Mulgund, President, Ricardo (Asia), one of the world’s largest automotive consulting companies said, “The experience at the festival has been phenomenal. The excitement, energy, and creative ideas from the students have been unbelievable.” The college students and start-­â€ ups who participated at the festival were highly impressed and excited about this first of its kind power packed festival. One of the participants from NTPC school of Business said he was impressed with the high level experts from top companies who had come for the event. He said the exhibition was also absolutely state-­â€ of-­â€ the-­â€ art, consisting of two-­â€ wheelers, three-­â€ wheelers and four-­â€ wheelers.

Further no festival could have been complete without good food and the taste buds of one and all were satisfied by a number of sumptuous food stalls serving dosas to pani puris and Pizzas to make the Festival a complete experience.

The two-­â€ day Mobility Mission Event finally culminated with a high-­â€ octane performance by the award winning Eka rock band concert.

Ideas and Information to Boost Public Relation Career

The continuous existence and growth of any concern depends on the skills of its PR department. Public Relation is an art which is vital for the survival of any profit making business be it an individual or an organization, and it is for this reason a good PR person is so much sought after and so much in demand. The job of the PR department is to let everybody who matters for the growth and prosperity of the organization know about the available products and services in the best possible manner and to provide the maximum exposure to increase the clientele and as a result the profitability.

Public Relation is an acquired rather than an inborn skill. A good PR person is one who has learnt it all the hard way through proper training and plenty of in service experience. It is for this reason, students who want to make their living in the Public Relation sector and experienced professionals who want to hone their skills undergo various Advertising and Public Relation Courses so that they can give a better performance in the long run. Good PR is important because it

· Emphatically announce the presence of specific products and services.

· Gives the maximum possible exposure and helps in the establishment of brand names.

· It cuts out the burgeoning competition and boost business revenue.

· Increases the credibility of the business house and establish customer loyalties.

The main function of the PR person is to create an interest among the target populace regarding the existence of a particular name. This can be done through various events or campaigns which are both fun and informational. The idea is to create a buzzword without being too obvious about the marketing part of the business which may otherwise make the customers cry off and shun the campaigns as nothing but just another publicity gimmick for getting the products sold. Advertising and Public Relation Courses make an individual a master in this extremely important marketing art, they learn the subtle methodologies and techniques that comprise a good Public Relation management. A professionally qualified and rightly trained PR personnel is a great asset for any business house, they can contribute greatly not only to the progress and growth prospect of their respective organizations but also take themselves to the next level on the road to individual success. The Advertising and Public Relation Courses greatly help in that arena.

Many famous and lesser known institutes offer a variety of PR Courses in India, some of the most famous and established names in Public Relation training are SIMC or the Symbiosis Institute of Mass Communication located at Pune, Makhanlal Chaturvedi National University of Journalism situated at Bhopal, IIMC or the Indian Institute of Mass Communication located in New Delhi,The Delhi School of Communication (DSC) in New Delhi, School of Broadcasting and Communication present at Mumbai and finally the Xavier Institute of Communication or the XIC also in Mumbai. The PR Courses in India are at par with the best in the world and utilize the latest theories and most effective techniques that prepare the students for the global market.

Expansion or Growth in Business Organisations

Expansion or growth in business organization simply means increase in size and capacity. It also involves product diversification, machinery, better package for workers, good network, reduction in downtimes, waste reduction, disciplined workforce, less accident report, profit maximization, cost saving etc. The issue of expansion or growth is a mirage without human efforts, which ranges from operating machines in manufacturing organizations, taking decisions, movement of goods, source for raw materials and marketing of the finished products. Any organization that must embrace expansion or growth in its business activities must first put the interest of their entire workforce at heart because they are the pivot for expansion and growth. Without expansion/growth, organizations stand the risk of collapsing whenever competitions set in. Expansion/growth makes an organization stand firmly during adverse conditions as proceeds from other business activities are used as a supplement to set the ailing firm back on track.

A story can be told of two soap-manufacturing companies in Aba, Abia state, Nigeria; namely International Equitable Associates (I.E.A.) and Paterson Zochonis Plc, (PZ) who started soap production the same year. The former, which had no policy of expansion in its programmes had been facing a difficult time to stand on its foot while the latter an apostle of expansion had become a household name in Africa with branches and depots scattered all over the continent. It is because of this lack of visions regarding to expansion and growth in most organizations that had been the reason why some of these business organizations had become extinct and moribund.

Keys for Expansion/Growth

1. Good Policy/Decision Making: An organization with a good policy /decision making usually stands the taste of times due to the type of policy or decision embarked upon by its owners in the day-to-day running of the business. If an organization embraces a wrong policy or decision in their business activities, its collapse is imminent.

2. Good Planning: Any organization that does not plan well must collapse. This involves actions to take, when to take and strategies to adopt in the course of reaching the set objective. An organization with a bad planning method can never grow because it lacks the technical no how to achieve the required goal.

3. Strong Financial Base: This is one of the most essential factors that enhances expansion and growth in business organization. Without a strong financial base, company’s policies, visions, and aspirations can never be actualized because about eighty percent of the actions to be taken depend solely on this. Business organizations should endeavor to make money available in pursuance of its goals and objectives with regard to its expansion policy.

4. Research: Without research, no organization will stand. It involves an insight into the world of possibilities and impossibilities as it affects organizational progress, growth rate, obstacles, products, market demands, etc. It is a mirror in which the future of every organization is seen based on the data available from the day-to-day running of the business. It also shows a trend on which the company operates in terms of total outputs, product demand and product consumption.

5. Accountability: Any organization that does not embrace proper accountability in their daily activities is doomed. Proper accountability reveals the financial status of any organization.It is from this that a company knows whether it is gaining or losing thereby making plans on how to check the anomalies. It also reveals where a company should intensify effort to maximize profit and curtail losses.

Things to watch for in a Business Organization’s Expansion/Growth

i. Motivation: Every organization must motivate their entire workforce if it plans to embark on expansion. Every true expansion/growth must start from the motivation of the entire workforce as this brings out the best in them and make them work more efficiently. An organization without motivation of its entire workforce cannot boast of expansion because they are the brain behind any move to attain greater heights.

ii. Product diversification: An organization with a lot of goods and services in high demand credited with its name is without doubt expanding. This is very important, as profits will be coming in different areas, which enhances its stability.

iii. Networking/versatility: This is one of the things to watch. It tells about the locations, involvements and your activities around the globe. Without networking, a company’s expansion policy is never complete.

iv. Affiliations: An organization that has a strong expansion program usually affiliates with another with such policy, so that they can share ideas, etc to attain greater heights.

v. Annual Accounts: This shows a company’s profits, losses,access etc. It is a yardstick to ascertain the financial strength of an organization.

Advantages of Expansion/Growth

a. It creates popularity,respect and recognition among business organizations.

b. It maximizes profits when properly harnessed.

c. Proceeds from diverse business activities can be used during adverse conditions.

d. Business organizations with expansion programmes usually have strong stable foundations when fully implemented.

e. Development is easily achieved, as the society is flooded with innovations and basic infrastructures that improve the standard of living.

Disadvantages of expansion/Growth

a. It is very expensive.

b. It creates room for embezzlement if not properly monitored.

c. Decision taking is sometime delayed in order to consult all the appropriate quarters.

d. It is very difficult to manage as the various units are scattered in various locations.

e. Some managers from other units try to be independent, which creates rivalry among the top echelons of the organization.

No matter the disadvantages of expansion,business organisation must endeavor to embark on it(expansion) because it is a platform for a solid foundation and stability.

Entrepreneurship – Craze of Present Generation

An Entrepreneurship sets up an enterprise for profit motive and rightly so. But if you start your business with the ‘Show me the money’ attitude, rest be assured that you will not go very far!

Ever wondered why in the world of Entrepreneurship, some carve a niche for themselves and stand out from the crowd, while others, even though successful, have a mundane existence?

Well it all lies on certain qualities that an Entrepreneur may possess or the way certain activities are conducted by him/her. Here are special skills which you need to hone to become the Successful Entrepreneur.

Everybody has a certain goal in life which just refuses to go away or change. You must understand this goal to be the calling of your life. Write down this goal – It will time and again remind you, how important it is to achieve this goal and will not let you sleep till you achieve it and become a celebrated Entrepreneur.

Share your Dream with Right people Law of Entrepreneurship

In this world of make belief, you should be able to distinguish between the good, bad and the ugly. Many Entrepreneurial dreams die a quite death because somebody labelled it ‘stupid’ and constantly put you down till you also started believing your dream to be stupid and chose to abandon it. Share your dreams with only those whom you trust and are actually the propellers of your life.

Find yourself a MentorKey Role in Entrepreneurship

Someone who has already been there after many trials and turbulence is the right person to advice you. Somebody who has been there and done with can impart some priceless wisdom which you can use to carve a niche for yourself. But you must be very clear about what you will gain from the mentor-men-tee relationship. This will determine whom you can tap for assistance. The right Mentor will always short-cut your leaning process and give you the push you need and help you to stay task focused.

Observe deeply and Practice Incessantly

An Entrepreneur must consciously set aside some quite time to take on board any new ideas, things to learn and allow your mind to wander. You never know what your ‘downtime’ can fetch your business! Similarly only incessant practice will make an Entrepreneur perfect. Short cuts have never helped anyone in life. It is only your endurance for more and more practice that will give you results.

Seek Challenges in Life

The yardstick of success of an Entrepreneur is measured by the challenges he/she has overcome. Never be scared to consciously seek challenges in your Entrepreneurial life. Remember challenges are not setback of life. They are simply life’s way of requesting you to make full use of the resources and tools available with you to resolve them.

As an Entrepreneur you must have the skill set to select the right tool at the right time to overcome the challenge.

Welcome Criticism – Challenge in Entrepreneurship

In your journey as an Entrepreneur, be ready to welcome criticism from associates/stakeholders/clients/ and sometimes even friends and family. There will be people out, there highly critical of your product/service. You must possess the gall to take such criticism in your stride and take them positively. If praise motivates you, then criticism must stimulate you to do better and better, not the opposite. If you cannot accept criticism, then your ego is getting in the way of your best judgement.

Be Self Driven not Ego Driven

An Entrepreneur must be proud, confident, self assured but not ego driven. Be humble and let your feet be planted firmly on the ground. Let your actions and achievements speak for you, not your boating and bragging. The more you brag, the more will sound phony. Remember, it is the empty vessel which makes the most noise.

Carve a niche for yourself

An entrepreneur must try to find out his niche area. Each of us has a special ability, a quite story which sets us apart from others. Play around with this strength and craft your own persona. Of you try to become a carbon copy of some you admire, you will never be able to make a name for yourself. Remember, the original always looks better than the copy. So leave your idol on the pedestal to be admired from a distance.

What Goes Around Comes Back.

As an Entrepreneur, you must try and help and benefit others. Give whatever you have in abundance- your time. your service or knowledge to those who are badly in need of it. You will be amazed at what you stand to gain when you give it to others.

Value Learning over Money – Basics of Entrepreneurship

An Entrepreneur sets up an enterprise for profit motive and rightly so. But if you start your business with the ‘Show me the money’ attitude, rest be assured that you will not go very far! Instead show humility and value what you have learnt in your journey as an Entrepreneur. Money will follow you steadily and surely, if you apply what you have learnt.

Be Thankful

Be thankful that you could become an Entrepreneur, be thankful that you could learn your failures, be thankful that you are at the receiving end of so many blessings and above all, be thankful that you are alive!

Gratitude always unlocks the fullness of your life and indeed will make you the celebrated “A Successful” Entrepreneur.

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