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
Community entrepreneurs are typically groups or organisations that seek out and act upon opportunities to transform communities and create a positive impact on community values.
Why this is different to social entrepreneurship is that many social entrepreneurship models focus on individuals and disadvantage.
Community entrepreneurship focuses on the community as a whole and creates a sense of abundance for all.
Examples of activities can include:
• A new indoor-outdoor community facility in a built up neighbourhood
• A community focus on activities that reduce the carbon footprint
• Business attraction in rural communities
• Making strategic use of IT to connect communities
• Creating community identities through music and the arts
What does a Community Entrepreneur look like?
They’re in your community. They have a story to tell – a story that has transformed your community. Or they probably haven’t stepped forward to make their mark yet? Maybe it’s you. Here are some ways to spot your local community entrepreneur or even one in the making.
The anatomy of a Community Entrepreneur
1. Laser sharp vision
Community entrepreneurs have a clear idea of what
The word “failure” has many negative connotations. As an entrepreneur, you have to get used to the word and to the idea that sometimes an idea simply doesn’t work. But this does not mean that a goal is not worth chasing, only that there must be another way of achieving it.
It is important that entrepreneurs learn to see the benefits of failure and learn to identify the lessons that can be learnt from it.
Further, it is important that we learn to be resilient: it is easy to be disheartened by a defeat and to become convinced that the idea is not worth pursuing. But no experience should be disregarded, no matter how unsuccessful the outcome.
Failure, in one form or another, is inevitable for everyone, but particularly entrepreneurs. The first thing to do when facing disappointment is to take account of the facts – don’t ignore what’s happened or try to put a too-positive spin on it. Be honest about what’s gone wrong so that you can you accurately identify the lessons and take action.
For entrepreneurs, not knowing whether or not something would have worked can be worse than failure. Thomas
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 little more structure to being an entrepreneur as well, and it’s not all ‘flying loose and free… ‘ The name of the game is having a goal, seeing the big picture, developing a plan, learning and re-assessing constantly, being adaptable, and following through.
This article offers up a few tips and some practical help to guide you on the start of your enterprise.
1. If you’ve got a job, don’t quit straight away!
This is something which I did myself, and it really was the best thing to get me started. It allowed for me to start up allocating the time and finances I could afford to invest in the new venture, while maintaining a level of stability. It bought me the time to be able to make a few mistakes, learn the ropes, and become confident enough with the direction that things were moving in, to be comfortable with giving up the day job without going into a state of panic.
It can generally take around six months to a year, (if not more), to get a business going, and where it’s possible to develop this while benefiting from the
If you plan on striking out on your own to start a new company, you’ll find that there are ample resources that are designed to guide entrepreneurs through this process. Starting a company is cheaper and easier than ever before given the ability to leverage the Internet in order to effectively connect with people while minimising your operational and outreach costs. There are, however, a few important things you have to do to ensure that your startup is a success.
Although starting a business is currently cheaper and easier than ever before, it is still important for business owners to have a secondary and steady source of income throughout their first year of operation. This will take the pressure off of your company to succeed immediately. You will have sufficient funds for covering your ongoing operating costs and your basic living expenses and will not have to function in a constant state of panic.
Establish a solid working schedule so that you are devoting an appropriate amount of time to your new organisation. A lot of new business owners expect that they can earn massive sums of money overnight, without having to invest a whole lot
“What we have to decide is what to do with the time that is given to us.”
Smart or Hard?
Hard work is important. Those who work hard and are consistent with their work are much more likely to achieve the things that they want.
However, working hard doesn’t necessarily mean that the work you are producing is of value and good quality. Other times working too hard may cause stress that leads to producing work that is of lower quality.
I believe that we must put more emphasis on working smarter. Let’s look at 5 ways on How to Work Smarter Instead of Harder.
Time. The first thing that you should be aware of is how you spend your time working. It’s a good idea to make a plan of what you will be working on, how you will carry out your work and also to decide how long you need to spend working on each task. This way you will learn how to use your time in a smart way so that you can reduce your working hours while being more productive.
Standards. Having standards are different that having goals.
There are three facets to belief. If you are a Christian business owner, you must take these three things seriously in order to truly be successful in business and in life. These are foundational to who we are as Christians and as entrepreneurs.
Belief comes from an old German word that means “to hold dear, esteem and trust.” There is a lot of power in belief if we understand the belief pyramid. The three kinds of belief for Christian business owners are: belief in God, believe in self and belief in business.
Belief in God
I was talking to a multi-millionaire this weekend. We started talking about faith and he shared a great concept with me. He said, “I don’t know how people do it without faith. They have nothing above them to keep them from being dishonest.” He went on to explain that when people don’t have some sort of faith, they can do whatever they want. In business, that could mean taking advantage of others and running a business with little or no ethics. (It happens!)
Starting with a foundation that there is a God and He is bigger than us helps
My first business venture was a partnership. Working with another person with similar dreams was the only way I was able to get started as a business owner. We coupled my general business skills and money, along with his expertise and time. We operated three units of a local pizza restaurant franchise throughout the 1990’s. I kept my day job, and my partner took care of the day-to-day operations of the business.
I’ve gone on to experience less rewarding partnerships, and fortunately, much more fruitful ones as well. I now understand more clearly why I prefer working in teams, and how I am typically more productive combining my skills and energy with my partners’. Starting with that first successful teaming, I have come to understand and appreciate that at the foundation of a strong business partnership are the three pillars of trust, respect and agreement.
Before there can be anything meaningful and lasting in a relationship, there must be a mutual level of trust. Trust, however, takes time to develop.
I have known David Begin, my current partner in various ventures, since 1991. We met when we both worked for a large