Congratulations, you’ve decided to launch your company! You have an exciting business idea; you’ve thought through all the necessary steps to start and run your enterprise. If your venture requires more money than you have, the next move will be finding investors. This part is the most challenging. Admit it; you don’t have a habit of speaking with 50+ investors who get dozens of pitches like yours every day. The investors want to know why they should trust you, so show them that your business is worth their hard-earned cash. Every investor has his/her own approach to the evaluation of pitches. “Some do substantial due diligence before meeting (reading a plan, talking to people they know) and others granting a meeting without even looking at the plan at all. Some investors rely on their intuition while others crunch a lot of numbers. Almost all of them source carefully, make good use of co-investors, and focus on the entrepreneur and team” . But, if you are a first-time entrepreneur and never dealt with investors, you may not know some factors that can be decisive for them. Let’s enlarge upon
Is your entrepreneurial spirit kicking in? Do you want to engage yourself in the events planning industry? If you are, then this post is definitely for you. We will give you a quick overview of what you need to consider should you want to make this your serious business.
Know your Target
You might think that being the ‘jack of all trades’ is a good idea when you are starting your own events planning business. While it is important to know a lot of things, it is also vital to have focus. You have to remember that there are different events. We have the celebrations, education, promotions to name a few. Each celebration calls for different planning. You must know which one would be your forte so you can do more research on that, making you stand out from the rest of events planning companies. Engage in a specific niche that you enjoy doing before extending your network to other type of occasions.
Make Your Business Legal
Secure the necessary permits required for your business
Many people believe the main issue in their life is their income and that by changing their income they will change their life in such a way they will be happy. But first, you must change your mindset, while will then change your income and ultimately your life. It must be done in this particular order, much like planting a garden, to get the results you want.
As an entrepreneur, there will always be setbacks, so you must re-visit these steps on a regular basis.
1. Get Ride Of Your Addiction To The Outcome:
This is probably the most important mindset change you can make. It doesn’t matter what kind of business strategy you are using, when you are no longer dependent on the outcome, you can become more positive. This gives you the appearance of a leader in the eyes of your prospects and is exactly what other people are looking for.
2. Actively Work On Your MindSet:
How you do this is personal to you. You may find it by reading or listening to motivational books, meditating, yoga or exercise. Maybe you feel more
There is a big misconception with first time business owners and entrepreneurs about non-profit businesses. Many first time business start-up owners think that they would rather start a for-profit over a non-profit because they want to make money. The thought is that they do not want to start a non-profit because they (incorrectly) think that non-profits cannot make money.
The fact is that there are more streams of revenue in a non-profit organization than a for-profit business. Although not all types of businesses are eligible for the non-profit tax-exempt status, there are some types of businesses that can easily be formed as a for-profit or non-profit. Perhaps the best example is a child day-care center. Regardless the type of business entity the child day care center can charge the same rates and fees for the same services. The staff can receive the same rate of pay and benefits. The same profits (surplus) can be gained.
In addition to generating the same revenue through the sale of products and services the 501c3 non-profit can receive tax-exempt donations from fund raising, in-kind donations of products and labor (volunteers), endowments, and grant funding. The 501c3 tax-exempt organizations are also
We hire coaches and mentors for a reason; to stretch us, take us where we have yet to go and remind us of the little things that add up to big outcomes.
Personally, I hire experts to push me and encourage me to take risks (and big ones at that). What I fail to understand is when someone hires a coach and either never shows up for their calls, in-person masterminds, VIP Days or whatever is offered as part of the package. This truly boggles my mind.
Then there are the people who do take advantage of what’s being offered, but never take any of the recommendations to heart. What a complete waste of time and money. If you’ve hired someone for their expertise, be willing to put their ideas into action.
One of the greatest benefits of having a really strong mentor is the trickledown effect. What this simply means is: what we learn from someone else, when we apply it and get a result, we are able to teach others.
I’ve been hiring business coaches for years. Although I have a successful business, hiring a mentor gives me the opportunity to bounce
The minute you felt called upon to seek out your freedom and prosperity through entrepreneurship or running your own home based business, what kind of thoughts and emotions flooded your mind?
Did you immediately feel totally confident that this would be the turning point of your life where you get to design life on your own terms and create your version of heaven on earth?
Or did you get filled with a sense of worry and overwhelm over whether or not you have what it takes to make such a huge thing happen?
For most people it’s always a little bit of everything… That’s why I am making this little article for you because I want to make sure that you don’t get stuck halfway through your rise into greatness and success.
If you know that becoming an entrepreneur and being independently wealthy is the reality that most suits you, then you certainly need to read through and gain better clarity as to how you can handle those voices and emotions of distress that will try to keep you stuck in the old way of life.
Why you need a change of mindset
Do you know the one thing you should never rely on as an entrepreneur?
Because your motivation changes faster than David Beckham’s haircut.
Think about it.
Let’s say you watch a “motivational” video…
You’re all pumped up…
You’re gonna be the next Bill Gates…
No one’s gonna stop you.
Two hours later…
You’re on the sofa with a large bowl of ice cream watching Jeremy Kyle.
(Okay, you might not sink that low.)
But you get the point.
Motivation is short term… VERY short term.
And as an entrepreneur, I’m afraid to say you have to play the long game.
So what can you do instead?
Well, have a long term goal… Decide what you want to achieve in ten years time. And I mean, really decide what you want to achieve.
When goal-setting, people tend to set goals they think they want, but it’s not what they actually want. So if you don’t really care about driving the latest Ferrari, don’t set it as a goal.
Be specific with your
Entrepreneurship has traditionally been defined the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale.
The above written lines state the meaning of the word entrepreneurship as per the widest searched platform on the internet, Wikipedia. But, the question is, does it really mean only this much or is there more to entrepreneurship. Let’s explore.
When you design a service or a product and think of launching it in the market, does it really just take that idea and the work is done? We sure know for a fact that this is not and can not be the case. It takes a lot more than just an idea to be running a successful business. The initial few phases of launching a startup are nothing but utter chaos. Also, understanding the responsibility takes some time. With time, the attitude towards life changes and also a sense of how to get things done is developed.
Let’s delve into what transformations you go through when you go from a common man to an entrepreneur. Let’s discuss what changes
“There is only one success, to be able to spend your life in your own way. – Christopher Marley.”
Becoming your own boss means that you create your own business. You are going to have to take responsibility for your business and you have to be willing to take risks. That said, here are 6 reasons why you should be your own boss.
You pursue a purpose – Being your own boss means that you are able to decide what you want to do with your career and your life. If you were working for someone else, you are working for their purpose, which you may or may not agree with. However being self-employed will give you the opportunity to create a unique purpose that will contribute to other peoples’ lives.
You are passionate – Creating your own business means that you can use your interests and passions to your advantage. You will be able to build a business that resonates with the things that excite you and give you passion. You will wake up every day feeling excited to work because you enjoy it.
You create freedom and flexibility – Working for yourself
Not every entrepreneur is the same. Some are born rich, some have university degrees, while others have none of these. Having a lot of money and a degree is not a requirement to be a successful business owner though. There are those who are not so wealthy and do not very impressive educational backgrounds that have succeeded as well. It’s just a matter of having these five characteristics. Make sure you develop these when starting your online business.
1. Thinks Clearly
You need a clear mind so you can absorb information about many different home business ideas. Learning as much as you can is a very important aspect of starting your own business. More so, you should avoid having a worry-filled mindset. If you always think about what can go wrong, then you can’t sleep well at night, and you can’t think clearly. Worrying too much will greatly affect your efficiency in managing your business.
2. Communicates Effectively
As a business owner, you should have good communication skills. You should be able to share your ideas to your clients and employees in ways that they will easily understand. Otherwise, how can you convince people
Dream big, work hard, and stay humble are the best words of advice anyone can give you, and self-belief goes a long way. It’s okay for young entrepreneurs to have big dreams; don’t underestimate what you are capable of. Steve Jobs was only 21 when he co-founded Apple. Don’t let the opinions of others impact your future. Don’t just think you can do it… KNOW you can do it. Believe in yourself and your dreams. Include others and get help from people you trust, people who have achieved what you want to achieve, to fulfill your dreams.
I’m proud to say that many have helped me along my path, and I’ve helped many. Without the help of people more experienced than myself, my latest achievement wouldn’t have been possible. Many others were a part of my newest project, an e-book about photography, and it’s one of my greatest joys to help other dreamers succeed as well. From the business owners and clients I serve, to the talented team I’ve hired and trained, to other entrepreneurs and friends who are business owners.
Working hard is a relative concept; the hours we
Starting a business can be an intimidating idea to think about. New establishments are looked upon as fragile and volatile. Usually, starting a business also requires some sacrifices, like the need to invest your hard-earned money and a great deal of time and effort without assurance of success. These are only some of the reasons why not everyone is enamored by the idea of putting up their own businesses. Others just do not have the confidence to pursue their ideas while others may not even know where to begin.
Whether you are a student struggling with student loans, a senior citizen looking for additional income or a young businessman looking to make it big on the market, starting a business will surely help you increase your finances. Your circumstances or your reasons for creating such an endeavordoes not matter when starting a business. What matters is your plan and strategy in turning it into a success.
Theodore Henderson who is partnering with the Entrepreneur Strategies Academy gives up and coming businessmen the chance to learn from the best. By enrolling in his one of a kind entrepreneurship course, you will gain the