Successful Women Entrepreneurs Today In A Competitive World

The successful female operated businesses know the meaning of a true business owner, “One who carries out to conduct a business assuming complete control and danger,” is not gender specific, it is not surprising that most entrepreneurs are men.

Lots of women merely do not have the time to start a company due to the fact that women tend to undertake the greater share of raising kids and keeping the house together!

I had the chance to interview a few who attended the woman’s conference and take a close take a look at the issues that successful women entrepreneurs deal with.

At a current international women entrepreneur’s conference in Glasgow, the Bank of Scotland presented a few of its research studies.

In accordance with the bank, even successful women entrepreneurs tend to: under-capitalize their organizations at startup; have a disinclination to use financial obligation financing and to be more danger averse than their male equivalents,

And they utilize a greater percentage of their individual savings within their service, both at startup and advancement.

They are less aggressive than guys about their understanding and understanding of financial products and services, all which can influence on funding and growing their businesses.

This might be exacerbated by the banks’ historic hesitation to treat their women in business clients in the very same manner as male customers.

Females owned businesses have the tendency to be more service oriented.

Yes, and therefore have less equity than male owned services– another factor banks can be hesitant.

Financing is vital to all commerce and of course the female owned businesses, and possibly managing money is most crucial amongst small businesses, whether at the start or when expanding.

The struggle to keep appropriate cash and financial freedom alive is consistent among business owners.

Is it any surprise then, that monetary concern is the most widespread cause of stress and insomnia!

With female owned businesses producing over thirty nine percent of new start-ups, and just over a third of self-employed proprietorships in Canada owned or led by females, female entrepreneurs have increased by just over more two hundred per cent in the last twenty years.

As an outcome, more black female business entrepreneurs are seeking more opportunities to grow their network and boost their support systems.

The Women Entrepreneurs of North America in Canada was established in Toronto in 1992, as a support, opportunity and resource network for female entrepreneurs.

I found that WEC promotes and fosters the young women entrepreneurs, too, in Canada and assists them to accomplish and define success on their own terms.

It’s important to help promote the interests of successful women entrepreneurs and women in business getting started, and business owners in the larger service neighborhood.

It assists in the transfer of appropriate knowledge that is appropriate to WEC members; and partners with companies both in Canada and abroad, such as the National Association of Women Business Owners in the USA.

And the global groups like Femmes Chefs d’Enterprises Mondiales and the Italian Associazione Imprenditrici e Donne Dirigenti D’Azienda, to bring finest chances, resources and practices to its members here.

This is an organization where women can fulfill their life dreams and blend with other female owned businesses, who deal with similar issues in starting, running, and growing their services.

WEC is a resource that offers a unified voice to federal government and the public, pressing the issues of women in business to a right-minded leading edge.

It is suggested that increased young women entrepreneurs research and study to produce more chances for black female business owners, while bringing exactly what is learnt about women’s organizations updated.

And relating to maternity leave– as female owned businesses are working to do the exact same benefits as for their staff members as they ‘d like to be treated.

There’s the “what might be done” to level the playing field and extend that advantage to all as, for example, it is in Finland?

It’s like the Course in Miracles teaches, “True extension of Self and one’s true free will brings on an awakening worldwide.

There are many organizations that help female owned businesses to interact a confident and refreshingly positive message about the future potential customers for females, and it is gratifying that the message is being heard.

I urge any woman in business, especially young women entrepreneurs to discover more about self-confidence as an entreprneur.

This takes us to wonderful tips for female owned businesses, and encouraging young women entrepreneurs.

Many aspiring female owned businesses, business supervisors and other professionals typically forget that they really have 2 tasks– the very first is to do exactly what they make money for (and do it much better than males).

The other is to proactively handle their profession path and do exactly what is required to guarantee their upward mobility isn’t really based on others– particularly those who notoriously subscribe to the “Old Boys Club” mentality who might or may not be working in her benefit.

The following “secrets”, amassed through my substantial background as both a business entrepreneur and organization experts lending me advice, will help female professionals better handle their success course:

Understand the “circle of successful women entrepreneurs”

A typical piece of suggestions provided to female owned businesses is for them to spend a good deal of time being familiar with, and working side-by-side, with their personnel to make sure each employee has what (s) he needs to be productive.

While that concept is well intentioned, it’s does not offer maximum advantage to all included.

Rather, it is more vital that female managers hang around helping their employer look proficient at every opportunity.

When (s) he understands that you have the ability to assist her/him prosper, you and your group will get more time, attention and resources assisting in optimum productivity.

Many female owned businesses cite male stereotyping and prejudgments of female “appropriate” roles and abilities as a leading barrier to their development.

It’s crucial for women to assess where a male employer stands relative to female specialists.

Previously I discussed women’s insecurity issues can be healed fast and to be a confident woman.

This can be done by analyzing his promotion track record of males vs. females, his balance, or lack, of interactions with female vs. male staffers, and if his interactions with female staffers is strictly expert rather than just inane or flirty little talk exclusively about her household.

How we sound (i.e., one’s unique attributes of the voice such as pitch, volume, and tone) play a crucial role in how females are viewed.

In addition, lots of women tend to mention their opinions, objections or recommendations as a question as opposed to affirmatively and confidently making their point as a declaration.

In a work context, females should command the flooring lest their fantastic ideas fall by the wayside.

Since numerous of us still associate one’s temperament, speaking and appearance capability with their general ability, this stays a powerful challenge for those women who have other or physical stereotype-based characteristics that are tough.

But as humans like the Course in Miracles teaches us, “The ego is aware on how to creep in the back door on us and begin projecting judgment based on fear and self-doubt.”

That said, it might be impossible to change, such as height or weight, blonde hair color, or merely a high pitched voice.

This subjectivity is even worse for young women entrepreneurs as society is generally more able to accept males with what’s considered to be shortfalls more than ladies.

Regardless of these barriers, condition yourself to bring yourself with best posture, speak and gesture in a reliable and confident way, and wear clothes that imparts your female owned businesses success.

To actually stand out from the others and get the crucial promotion, young women entrepreneurs from off site, or in house women execs, ought to guarantee they are in the workplace whenever her employer is in the office.

If (s) he has actually decided that it’s essential to be there after hours, on weekends, or early in the morning, it is entirely to your advantage to be there at the very same time.

Even in this day in age of so-called gender equality, females need to take benefit of all chances to differentiate themselves in the work environment.

It is essential that those who are in the position to benefit a woman’s career in any method know who she is and exactly what she has accomplished.

Effective service people understand the importance of letting others understand about their successes, and go about it in the suitable method.

Ladies need to not wait to get discovered while they toil away at the job at hand, but rather develop the ability of how to tactically talk about her achievements in the work environment.

Far too numerous employees throughout our world are bored and disinterested, which is adversely affecting their performance and creativity.

It’s time for the globe’s corporate leaders to re-engage and invest more time acting as leaders rather than bureaucrats.

The female owned businesses need to exploit this innate capability whenever possible, since such right-minded management ensures that everybody is focused on, and vested in, getting to the goal lines.

(I always suggest searching the web for related information that is a discussion on being a self-assured woman today filled with female confidence. A good conversation might be, should you have a life coach, yes or no?)

To your success in life!

First Step to Successful Entrepreneurship: 12 Ways to Cut Off High Business Startup Loans

When it comes to startups, the common problem that most entrepreneurs face today is the money to start a business. Being an entrepreneur is not easy, you have to take risks and move forward with optimism psychology. You need to think of ways by which you can obtain maximum output with minimum input. Well, that’s the basic rule of the business and widely followed by entrepreneurs all over the world. You need to be creative in what you do and innovative in your decisions. Few opt for business start up loans while few look for different alternatives. Bright ideas make a better future and some good initiatives can lead a foundation for you to become a successful entrepreneur. If money is scarce, that does not mean that you put your dream on hold, you always have better options to look forward. So, here are some creative ways to finance your business.

Steps to a Better future

• Sell your product to raise money – Well if you resale your product and find a suitable buyer, then you can raise funds for your business in an effective manner. No doubt there are many successful entrepreneurs all around the globes who started this way and once they complete their target, they expand their business with funds they collect.

• Support from family and friends – It is the traditional way and the most effective way in this contemporary world. You can convince your friends and family to invest or provide small business startup loan which may help you to implement your ideas better without any pressure. This way is much better than taking loans from any other alternative.

• Double Dipping – You can always start a side business to raise funds for your business startup. In this way you will not be under any kind of debt and burden and thus it is the safest way to start the business.

• Selling stuff – Well, sometimes it’s hard to sell out your stuff, but as Jarod Kintz said “Instead of burning the midnight oil, you should try to sell it”. Sometimes you have to compromise to achieve success. You can make good money out of it.

• Credit card – You can use a credit card to finance your money. This is an easy way, but it involves risk. If something goes wrong, then the interest rate goes up at a very high rate.

• Angel investors – It is one of the recommended methods and many leading companies like Google and Yahoo have used it. Angel investors give you the required amount to start up the business. You get a friendly environment and moreover a better and quicker way to deal with business.

• Microloans – You can lookout for various firms providing small loans for the young entrepreneurs. These firms are generally better than taking business startup loan from a bank.

• Get new order and deliver – There are a number of entrepreneurs who receive the order from the customer, but they are not able to supply due to lack of money for the production. There are some companies who provide loan in this scenario. With this you will be able to raise funds for your startup in a better way.

• Real estate – This is one investment which provides greater output if done after a research. Before investing your money, always do a little work to find out the current rates etc and do the right thing. With this you can raise money successfully without complications.

• Cut out liabilities – Well, it’s another creative way to earn good money. For example, you can rent your home for some time and raise a good amount of money by doing that. Many entrepreneurs have employed this way and were successful to earn enough money to start their business.

• Crowdfunding – It is a very popular way among entrepreneurs. In this you can make a good use of internet by finding people having similar thoughts on investing with small amounts. Collectively, these small amounts on adding up will provide you with a better alternative to startup your business.

• Financing by vendors – This is very helpful to obtain the material to sell your product. The manufacturers do not take any payment from you till your product is sold. In this way you get a better extension to sell your goods much efficiently.

After reading these 12 ideas, you must be very confident about your startup. But remember that things aren’t that easy as they seems. You need to work harder to achieve the best out of it. Moreover, just by visualizing ideas in your mind you won’t be able to implement them practically. You must be able to adapt according to the situations and work practically to achieve the requisite aim. Risk is always involved for young entrepreneurs, but that does not mean that you can’t do it. Overcome your fear and be creative and innovative and always ask yourself that do I have what it takes to become a successful entrepreneur?

Promotional Gift Ideas for Effective and Successful Business Promotion

The main purpose of every business is gaining more and more profits without spending a lot of money. But, for a successful business, effective sales and marketing strategies as well as perfect and well planned promotion or advertising is essential in a number of ways. And for this, a considerable amount of money is spend every year on advertising and promotion of products and services.

Promotional gift ideas are also a successful way of business promotion that without spending a good amount of money can lead your business to the way of success. In other words, presenting unique and business related gifts to existing customers, prospective clients, employees and business partners is considered as an effective marketing tool to promote your business and making people aware to your aim. When it comes to promotional gift ideas, then the marker places are flourished with an assortment of products and ideas to gift all those related to your business.

Right from coffee plunger to iPhone cases, leather CD cases, airline toilet bag, keyring and pen sets, vantage binoculars, traveller kit, candle sets, beautiful wallet, folding umbrella, cooler /warmer, digital clock, mugs, flasks, book set, to any thing else that can suit your business promotional gift ideas. Depending on your choice and ideas, you can select any kind of promotional product and also customise them according your requirements. In other words, these promotional and corporate gifts have enough space to imprint with your company name, logo, message and website address.

Apart from this, you can also select them in your preferred colour and design. Moreover, unique and innovative promotional gift ideas are also suggested by professionals who have gained so much experience in the field of promotional products and gift ideas. They can easily aware you with the unique gifts that can boost the popularity of your products, business or services. Apart from this, these professionals also offer you an option of get your selected items and products customised according to your choice and desire. These professional also offer their services online.

Successful Technique For Best Home Based Internet Business

Best Internet home business now a days is very rapid business in this world but you know when ever there is high ratio of profit then obviously you will find presence of competition. Due to stiff competition there are high chances of failure and that will create frustration of losing all factors such as money, time and efforts.

If you see out of 100 businesses only 5 to 10% business will succeed and earn handsome amount of money, but for others to earn 500$ is also very painful. A proper action is required than the unfruitful talk to be a millionaire or a billionaire otherwise every time you have to face failure everywhere.

The main reason for best internet home based business failure and to have this kind of situation is just because of lack of knowledge of market and business as well as there is no proper planning and lack of technical knowledge. Lack of knowledge is the prime factor to waste money, efforts and time in a blindly manner.

Another thing is unattainable object or dream that obliviously crash business because they are not able to put enough required efforts to attain that object.

They do paperless business that is sign of failure of business. Nothing is possible without hard work and also requires patience with that hard work, so it’s better to concentrate on reality not on uneven talk or things. Patience is hardcore and prime thing that is required in any business. Sometimes it takes longer to achieve success or in finding or getting the right way for success.

Every business based on strategic planning and its proper implementation time by time helps to attain desired goals for your best home based internet business smoothly.

Spend more and more time and put your best efforts from all angles with smartness, this will make your job easy to attain your goal and you can easily satisfy your present customer and attract lifetime customers in future. Rest is just required to continue that process again and again that creates good returns and business for long run.

Business development and success never ends if you continue to put in more and more efforts into your best home based internet business.

The 6 C’s for a Successful Women Entrepreneur

Women Entrepreneurship is fast growing and is likely known that the number of women entrepreneurs will be much higher than the men entrepreneurs. Some women entrepreneurs possess few qualities that make them move towards success. These qualities are some that many successful women entrepreneurs possess and must be learned and possessed by those who strive to be successful in their entrepreneurship.

The 6 C’s- confidence, courage, conviction competence, communication,and conceptualization

1. Confidence:

“Confidence is one which is cultivated over time, by not being wrong, but by not fearing to be wrong.”

Confidence is one which is developed over a period of time, based on their previous experiences, achievements and learning. It is one which is to practiced and executed. Strong-minded women are more likely to be confident in their business. Doomed to failure are the women entrepreneurs who lack confidence. Being confident in your venture opens up new ways to make up your business to success.

2. Courage:

All our dreams can come true, if we have the courage to pursue them. – Walt Disney

The absence of fear does not imply courage but rather, accepting that something else is more important than fear, is what is courage.

The build up of confidence leads to development of courage. Being a brave women brings in fortune and it goes unsaid that “fortune favors the brave.” A courageous women breaks open the blocks and keeps moving ahead towards success.

3. Conviction:

There can be no great courage where there is no confidence or assurance, and half the battle is in the conviction that we can do what we undertake. – Orison Swett Marden

The venture that most women entrepreneurs undertake becomes a success with a strong conviction to be what they desire. It’s conviction that is more important than experience.

4. Competence:

Competence means to possess the skill and knowledge to do things successfully.

Competence is all about opportunity seeking, goal-setting, risk-taking, persuasion, networking, persistence and demanding for quality and efficiency.

5. Communication:

Effective communication is the key to success of any entrepreneurship.

It is the key for establishment, survival and growth of businesses. Good communication skill is one which is practiced over time and it is all about conveying the message clearly and correctly. Communication helps you as a women entrepreneur to move that extra mile and make things work for you.

6. Conceptualization:

“Conceptualization is the process of developing and clarifying new and existing concepts.”

Identifying unique ideas and acting upon it is what is most required for success as a women entrepreneur. Researching complex situations and moving out of it requires great conceptualization. Women entrepreneurs must be able to know the existing problems and obstacles and find out a new and better solution for it to be a great women entrepreneur.

Calculated Risk Mangement for a Successful Startup

What is Risk Management?

It is basically taking risks for your startup in a controlled environment. So, when you take the risk you have got a backup plan to cover fire in case you run out of ammunition in the war zone (market). This is known as Risk Management in the world of startups. I will provide a brilliant example.

A person just started a small business of mobile accessories online. He knows there is enough market out there already that he needs to compete with to outreach his customers. So, before getting into the game he needs to understand that his product is unique and cheap at the very same time. Now, if the product is cheap; how can it be unique. For this particular purpose he needs to visit whole sale markets. When he finds what he needs, next step is placing a bulk order. Now, when he is selling his item online; he will get customers sooner or later. But, what matters is he took a risk placing a bulk order; at the same time he did research for uniqueness and price control. This is what exactly known as Risk Management in the world of startups.

Any start up in this world fails only when it runs out of a credit line. So, it’s completely clear that money is the lifeline of your startup. What needs your attention is Risk Management to check on the expenditure? How can you do that?

1) STOP SPENDING STUPIDLY:- You are not here to impress your girlfriend on a date. Don’t be a show off no one needs to know your spending capacity. Your clients are only seeking some brilliant product packaged with good services. They are not here to see your costly machineries, your heavily salaried employees and your mind blowing infrastructure. This is a big NO. It’s the beginning phase; focus only on good products, good services and amazing marketing. That’s all you need.

2) Don’t run with a blindfold on your eyes:- Another stupid reason for a startup failure is when you keep spending in the wrong product or services without seeking the market survey report. Why? You could lose a big fortune of money that’s why. Your customers are looking for something else and you are not ready to see that with your open eyes instead you choose to cover your eyes like a horse and run straight. Look around understand your market don’t get intimidated by a product or a service you like. Understand what the market needs, the customer’s demands and work accordingly.

I am not saying don’t take a risk. I am just saying don’t take one without a plan.

The Secrets for Successful Revenue in Digital Marketing – Benchmarking Process

According to the British Quality Association (1989) characterized TQM as follows:

“TQM is a corporate business the board reasoning which perceives that the client needs and business objectives are equivalent”.

The accomplishment of significant worth is in this manner achieved by near and dear incorporation and duty, given to a relentless improvement measure, with quantifiable level of execution by totally concerned.

The Basic Stages in Problem Solving are:

– Identify the issue, alongside progress objectives:

– Develop a System Orientations as follows:

A bit of the General Tools to Benchmark are:

(I) Cause and Effect Diagram (Ishikawa Sketch Diagram)

Conditions and sensible outcomes diagram helps with reviewing the assorted anticipated explanations behind an issue or situation. With this quality control instrument, one can assess the contributing components as arrangements and subcategories. You could fuse and find the hidden driver of an issue; uncover the bottlenecks in your cycles and perceive where and why a cycle isn’t working.

(ii) PERT

PERT speaks to Program Evaluation Review Technique. High-spirited charts are gadgets used to plan tasks inside an endeavor – making it less difficult to schedule and sort out partners accomplishing the work as a TEAMWORK.

Proactive diagrams were made during the 1950s to assist manage the creation of weapons and assurance envisions for the US Navy.

(iii) TAGUCHI Methods

The Taguchi procedure for quality control is an approach to manage planning that underlines the pieces of creative work (Research &Development), thing plan and headway in reducing the occasion of defects and disillusionments in made items.


Kanban is a system for managing the creation of things with a weight on consistent conveyance while not overburdening the improvement gathering. Like Scrum, Kanban is a cycle or cycle expected to gatherings to chip away at groups viably and with the standards of collaboration for non-stop achievement.

(v) JIT (Just in Time Principle)

These are the 5 essential principles of JIT Management:

Total Quality Management, Production Management, Supplier Management, Inventory Management, and Human Resource Management.

JIT won’t suffer if there is definitely not a strong emphasis on TQM (Total Quality Management).

(vi) BATNA

Is the ability to perceive an arbitrator most ideal choice as opposed to a Negotiated-Agreement, is among one of the various bits of information mediators search for when characterizing bargain making and trade systems.

If your current game-plan shows up at a gridlock, what’s your another Best Alternative.

I immovably suggest you read the book ‘Getting to Yes’ by William Ury.

Or on the other hand simultaneously, I recommend you read ‘Moving beyond NO ‘ by William Ury if your values and principles don’t agree to the customers / clients with a win-win deal.

(vii) Poka – Yoke

Poka-Yoke is a Japanese articulation that means “bungle fixing”, “botch sealing” or “coincidental bumble expectation”.

A Poka-Yoke is any instrument in any cycle that empowers a stuff executive to keep a Strategic Distance from Mismanagement or Miscalculating.

Its inspiration is to dispense with by Preventing, Adjusting, or Causing to Notice Human Mistakes as they occur.

(viii) Kaizen

Kaizen is a thought symbolic business practices that tirelessly improve all limits and incorporate all agents from the CEO to the consecutive development framework workers.

Kaizen is the Sino-Japanese word for “advancement and ceaseless improvement”.

(ix) Mission Statement – Have a convincing Statement of Purpose, with Brand Esteem, your Moral Methodology Systems and Standard centered organization in all times of your Digital Marketing approaches and prepares.

(x) CIT – (Continuous Improvement Team):

Nonstop Improvement Team a deliberate group from a comparable work fragment sitting reliably to improve a particular cycle, cycle or action

(xi) CAT (Corrective Action Taken): A work pack or Team under the activity of the local manager outlined to deal with a particular issue.

A segment of the Specific 7 Quality Control Tools are according to the accompanying:

STAGE (1) – STRATIFICATION: is portrayed as the show of organizing data, people, and articles into specific social affairs or layers… This data grouping and examination methodology confines the data with the goal that models can be seen and is seen as one of the seven basic quality instruments.

STAGE (2) – TALLY SHEET or Check Sheet is a structure (record) used to assemble data continuously at the region where the data is delivered. The data it gets can be quantitative or emotional. Exactly when the information is quantitative, the check sheet is sometimes called a tally sheet.

STAGE (3) – HISTOGRAM: It resembles a Bar Chart, anyway a Histogram bundles numbers into ranges.The height of each bar shows the quantity of fall into each span. Likewise, you pick what scopes to use! Model: Height of Olive Trees

STAGE (4) – PARETO ANALYSIS: is a regular strategy supportive where various potential diagrams are weighing for thought. Essentially, the issue solver assesses the favorable position passed on by every action, by then picks probably the best exercises that pass on a total bit of leeway reasonably close to the maximal possible one.

STAGE (5) – Cause and Effect Diagram: Ishikawa diagrams are causal graphs made by Kaoru Ishikawa that show the possible explanations behind a specific event. Typical occupations of the Ishikawa plot are thing plan and quality flaw expectation to recognize potential factors causing an overall effect.

STAGE (6) – Scatter Diagram: A disperse plot is such a plot or mathematical framework using Cartesian bearings to show regards for regularly two elements for a lot of data. If the centers are coded, one additional factor can be appeared.

STAGE (7) – Control Chart: A Control Chart shows how a cycle varies after some time, while perceiving uncommon explanations behind assortment and changes in execution. Like a run diagram, it fuses quantifiably made Upper and Lower Control Limits.

Watch the Benchmarking by Robert C Camp on YouTube for more details.

[Source / Reference: Dr. D. D. Sharma (Total Quality Management – Principle, Practices & Cases)

Planning for Successful Productivity During Your Career?

Looking for skills to help increase career opportunities or enhance current position? Then consider the importance of time, meeting, and project management skills and how gaining better control in these areas can lead you where you want to go in the business world. It may be easy to see these skills will help in current job, but how can you be sure they will apply to future opportunities? If you are skeptical, try looking at job descriptions on the various job-search websites and you will discover that most of them will require one or more of these management skills (also referred to as planning or organization skills). Think about how using these skills may be seen by others who may be able help with your desired career growth. Being able to organize yourself will be noticed by a few people within the organization. However, being able to organize others by leading meetings and projects will be visible by a wider audience.

The different managing skills related to time, meetings, and projects are not only similar in principles, but also in techniques used. Adopting one of these skills and applying the principles can progressively lead towards learning the others. An example principle would be, if you belief in the value of your individual time, it follows that you understand the value of other people’s time in groups as well. Therefore, meetings which will always involve the time of others, require proper planning and management to ensure no one feels the time was wasted. A well-planned and executed meeting can actually make most attendees feel it was well worth their time and their input was valued. Since meetings are an integral part of projects requiring team member and customer participation, it also follows that running them well will lead to more efficient project management and effective use of the time and skills of those involved.

Want more proof that these skills are related? A method that personal time management typically involves is having a written set of tasks to do and then prioritizing each task according to goals. The tasks considered of highest priority, which are those that get you closer to your goal, are given attention first and have the most time dedicated to them. In a well-planned meeting, the goal is the stated meeting purpose and the prioritized task list becomes the group’s meeting agenda followed by individual task assignments in the form of actions. Every project has a direct goal for what it is to accomplish in order for resources to be given to it. On a well-planned project, major tasks for reaching the goal are listed on a project plan and assigned to appropriately skilled people to meet their priority. Project priority then is stated as the critical path in which the tasks completion must take, as well as the start and finish dates assigned to each task.

Now that you know having these skills may help increase your career potential, consider what you need to do to develop them. Do you need training or an easy-to-use tool? Is there someone who can mentor or coach you? Should you closely observe meeting leaders for pointers or volunteer for more projects to increase planning skills? Think about the importance of time, meeting, and project management skills for your career growth and then plan accordingly.

Basic Woodworking Skills You Need To Be Successful at Carpentry

There are a number of woodworking skills you will need to know with regards to being successful in carpentry. This is especially important if you want to start a business in the wood working business. These skills will be important in any type woodworking employment. This includes the building of a shed in your backyard or constructing furniture.

One of the basic skills you need to learn is safety using the various tools in your woodworking business. Safety is very important as you do not want to lose a finger or one of your eyes. Understanding safety is paramount in creating a successful woodworking business.

You will be using power tools such as a skill saw or a reciprocating saw. These power tools are very safe to use if operated according to the instructions they come with. However if operated improperly they can cause serious injury to your body.

When using power tools you need to keep the area you are working in safe. This involves keeping the surface you are standing on free of objects you can trip on such a power cords. Keeping power cords from becoming potential a tripping hazard is very important to keeping your work space safe. Also keep the floors clean as any potential slipping hazards can lead possible injury.

You also need to keep the are working in free of clutter especially if when using a ladder. Having a cluttered work area at the foot of a ladder can lead to a broken ankle.

Proper use of your power tools also mean that you should never carry them by their power cords. Also disconnect them from the power they are using such as a battery or power outlet. Also remove all power sources when they are not in use. If you are changing blades on your reciprocating or circular saw always remove the source of power.

Wearing proper personal protection equipment is a vital. This includes proper eye protection. Remember it only takes one mistake to lose an eye.

You will also need protection for you ears such as foam eye plugs or headphone-style ear muffs. Many power tools can cause hearing loss if used for prolong amount of time.

There are a number of common injuries related to the use of various power tools. Lacerations and burns are among the many Electrocution can also happen if proper care is not used with equipment that are plugged into an outlet. This can cause death or severe injury caused by electic shock. Using a power tool with a frayed power cord can lead to this, especially if you are working on a floor covered with water.

Always check the condition of your hand or power tools before you use them on your woodworking project.

Best Regards

The Qualities and Traits of a Successful Entrepreneur

Entrepreneurial activities are on the rise in Nigeria. This is mainly as a result of the lack of jobs that plague many Nigerians including university graduates. A study carried out by Gallup showed that 67 percent of Nigerians are willing to start their own businesses. Furthermore, 80 percent of those interviewed believed that their businesses would be successful in Nigeria. This is a large percentage as compared to the results of other West African countries whose median for those willing to start a business was 44 percent. This trend has not gone unnoticed and the former Nigerian president, Olusegun Obasanjo even mandated that entrepreneurial skills be taught to all university students irrespective of their major.

All this is in line with the Nigerian Economic Policy for 1999-2003 whose purpose is to promote education through the use of technology. The Nigerian president also has big plans for the country one of them being to see Nigeria as one of the top 20 economies of the world by the year 2020. This, he hopes will come to pass if the policy is duly implemented. According to this policy, one other way that these ambitious goals can be achieved is by partnering up with certain agencies such as the Fate Foundation in Nigeria and the United Nations Transfer of Knowledge through Expatriate Nationals (TOTKEN) which are dedicated to encourage entrepreneurship.

Entrepreneurs in Nigeria face unique challenges that hinder their entrepreneurial spirit and encourage rampant corruption. Nigeria has been previously known as one of the most corrupt countries in the world and this discouraged free enterprise. Nigeria has also been largely dependent on the income from oil that other economic sectors have been grossly underdeveloped. During the oil boom period of between 1973 and 1980, Nigeria’s GDP rose to $1,100 in 1980 from the previous $220 in 1971. However, due to inappropriate government policies Nigeria’s economy was left vulnerable. Investment was made mostly with the oil industry in mind that other sectors such as the manufacturing and the agricultural sector was rendered noncompetitive.

The fall of oil prices all over the world during the 1980’s combined with a general increase in the capital markets real interest rates, greatly affected the domestic and international fiscal situation of Nigeria. This led to a general economic slump which was characterized by a significant fall in GDP from 1,100 in the 1980’s to $340. According to the World Development Report of 1994, Nigeria had dropped from being a middle income level country into one of the poorest countries in the world. A devaluation of this kind created very high inflation, a general spread in poverty and high unemployment rates.

Other factors that have affected entrepreneurship in Nigeria include poor infrastructure, high cost of doing business, constant political, tribal, religious and ethnic violence, gender discrimination and lack of quality education. However, measures are being taken to cub all these negative influences and to make Nigeria conducive for entrepreneurship. Despite all the challenges that have affected the Nigerian economy, business development and entrepreneurship has taken root. It is especially known that individuals from the Ibo ethnic group have great entrepreneurial skills. The number of private firms has greatly increased since the 1980’s although they are quite small when it comes to employment, revenues and capital. Nigeria currently ranks second after South Africa in terms of GDP and if proper measures are taken and appropriate policies adopted then it may as well take the top spot.

Starting any type of a business requires planning, imagination or creativity, inner drive to succeed and of course hard work. However, the main traits and characteristics of entrepreneurs that make their businesses stand out from the crowd include; the desire to achieve. Entrepreneurs are people who highly desire to achieve. An entrepreneur should not wait for things to happen but should rather make them happen. They are also highly competitive and would always try to be informed about latest entrepreneurial developments. Entrepreneurs are also self starters. This is to mean that they motivate themselves to do something. They do not need an incentive to do anything but the desire to succeed is enough to get then started. They would rather make their own mistakes and learn from them

Entrepreneurship also requires hard work. As entrepreneurs, it is important to know that success does not come in a silver platter but has to be worked for. Entrepreneurs realize that they have to put in a lot of time and effort to see there dream come true. Focus is also another very essential characteristic of an entrepreneur. Entrepreneurs know what they want and will do anything to achieve that. This is related to positive thinking in that they believe that everything will turn out well in the end no matter what. Entrepreneurs are also non conformers and almost always wanting to stand out of the crowd. A successful Nigerian entrepreneur should also avoid being pinned down to anything and instead make their own goals and objectives rather than working for someone else.

Entrepreneurs are also born leaders. Good leaders inspire trust in others and motivate them to do something. A good leader efficiently influences, guides and directs people. This trait is especially important when hiring people for the newly founded business. An entrepreneur should possess good judgmental skills and be sharp and bright capable of making wise decisions. Good communication skills are also a must for an entrepreneur. This means that a successful entrepreneur can efficiently convey a message which will be clearly understood. This trait only works well if one is also a keen listener. Entrepreneurs are risk takers. Running a business in itself is a risk because if one does not make calculated choices it could easily collapse. Successful entrepreneurs therefore, take calculated risks in order to succeed. Entrepreneurship also requires dedication. Entrepreneurs tend to stick to their ventures no matter what. They do not easily give up and when they make a mistake, they learn and move on rather than obsessing on that one failure.

Starting and running a business has its ups and down and the ability to stick by it defines a true Nigerian entrepreneur. Creativity and innovation is also another trait that characterizes a successful entrepreneur. Entrepreneurs will always look for new ways of doing things. They are not afraid to try out new ideas and are highly imaginative. Their products or services therefore usually have an edge due to this creativeness. Generally, Nigerian entrepreneurs need a strong spirit that will endure all the trials and tribulations that come with a business. Nigerian entrepreneurs therefore need to make informed choices before deciding to enter into entrepreneurship.

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