Archive | February, 2013

TEN REASONS WHY MOST PEOPLE VENTURE INTO BUSINESS

8 Feb

Having gone through several books, manuals, articles, listened to speakers speak at seminars and explored the internet, including major social networks to research reasons why many people go into and what they have benefited from doing business over the years. Most of those I came across are those who started business from scratch, who have also garnered much experience from what they do.

1.    FINANCIAL FREEDOM:
 A large percentage of people I have encountered went into business to achieve financial security. Financial security means being free from all financial limitations; to make money as one wishes and not be limited to one source. Unlike a salary earner who is limited to one source, most discovered that with one or more business sources of income, they will attract more sources of finance within an extremely short notice to carry out one or more tasks in their businesses, especially for business expansion.
 
2.    TIME MANAGEMENT:
Time is essential in every aspect of life. Having control over your time is extremely important. Most believe that  time management helps them to organize themselves and their activities from waking up to bath in the morning to sleeping at night and carrying out their business activities within a time frame.
 
3.    PROVIDE SERVICE OR CREATE PRODUCT:
Essentially you can not be in business without offering a product or service that satisfies your audience for a financial consideration. It may be an existing product or service with your unique selling point or an additional input as an added proposition.
  
4.    TAKE ADVANTAGE OF OPPORTUNITY:
 Opportunities regularly present themselves in the business environment. They come in form of trade incentives to encourage the establishment of business in or outside your environment. These may have been a strong reason why many people are in business.
 
5.    KNOWLEDGE (LEARNING):
To gain deep mastery of a particular product, process or knowledge. In simple terms, to be a master at what they do. Every successful businessman is a master in his field because his exposure to that product and processes over the years of operating that business.
 
6.    ACHIEVE AND LIVE YOUR DREAMS:
Most people who went into business as an end to a means to achieve their dreams.  Achieving your dreams may include living in a dream house, owning a factory and employing a lot of people, make a lot of money, go on annual vacations to exotic places and be the most sought after individual.
 
7.    PROMOTE AN IDEA:
Your business is about promoting the idea that will bring in money. If an idea is not money generating and not patronized by prospective clients then, that idea is as good thrown in the bin.
 
8.    PASSION:
Build a business around your passion. Studies have disclosed that the most successful people owe their success to their passion for what they do. People in the services industry, such as consultants build their businesses around their passion
 
9.    TO BE RICH:
 Yes exactly. Being rich and undoubtedly happy. Many went into business to become rich and be able to live a comfortable lifestyle. Having a comfortable lifestyle means to be able to afford all the good things that will make ones’ life easy.
                                                                                                    
10.  TO BE HAPPY:
Happiness cannot be bought with money. But having money can make someone happy to an extent. It brings an air of contentment to the individual.
 
Any other reasons why you want to go into business? Your guess.

Whats Your Best Television Programs And What Do You Learn From Them?

8 Feb

On how many occasions have you and your spouse had a misunderstanding when there is a television program or sitcom? I cannot count how many occasions me and Suzy had to disagree. I had to leave the house on these occasions to kill time at the nearest internet cafe or continue reading my weekly novel or book target . I had to buy another television set and cable box for uninterrupted access to watch my programs anytime I want to and made a makeshift study for that purpose.

I am television and movie addict and I don’t hide that fact from those close to me. But i have successfully categorized my programs into three; regular, special and business. Regular programs are news and current affairs programs on national and international major networks especially AIT, BBC, CNN and Aljazeera. Special programs include sporting competitions,travel,latest IT innovations and serial and feature movies while business programs which are produced for everyone in business. So Which one takes most of your leisure time as a novice or experienced employee and accomplished entrepreneur?

I have taken time to study what programs most people watch and I am very surprised to tell you that less than five percent watch business oriented programs. That is the reason for low orientation about business and entrepreneurship amongst youths. Business writers have concerned themselves with how to make most people succeed. But their greatest problem is that very few people want to change the way they think without changing their orientation.

My number one business program is Donald Trump’s The Apprentice. I have been following this series since inception and found it highly educative and interesting. The focus of that program is employee performance and gives you simple tips about how to pass any interview anywhere in the world.

Tabatha’s Salon Take over is one i don’t miss either. Tabatha Coffey, an Australian and hair dresser of international reckoning, takes her trade to reform and change the way modern hair dressers manage their business and gives them simple management tips and guides to do same. Its not just for hair dressers alone.Its also for aspiring entrepreneurs. Her recommendations are mainly modern management methods.

On The Lot is another television show aimed at aspiring film makers. It was produced by Steven Spielberg and Mark Burnett in 2007. The show’s aim was the ability to generate ideas for film by contestants. Unfortunately the show ended its run in 2007.

 

Does Your Business School Degree Confirm Your Competence On The Job

7 Feb

Mind Me. People say a lot of things about education. But the greatest is making education an end to a means instead of vice versa. When ever you see college degree holders making all the fuss about getting a job in an over saturated labour market,I start to wonder if they are part of this fast paced information age.

I am not saying a college degree is bad or not necessary. My emphasis is that it should be used not only as a leverage but an extreme advantage to the owners benefit. A college degree in English or any other field should be better explored beyond the possible job search.One is in a better position to take advantage of trainings that can easily expose you to other disciplines which you can add to that English Degree.

In other words, open your mind and psyche to other opportunities beyond your college degree. Studies have shown that at least ten percent of college graduates end up working in other field except their areas of core competence. I am one of them.

I am an accountant by training who consults for start ups and have an ICT Diploma assisting small and medium sized businesses in areas of training their staff on IT related services. I also own a small business.These are just derivatives of my degree and professional inclination.

The only constant thing in the world is change. The world needs more entrepreneurs and those who move it.

Join the revolution.