What Makes An Individual A Successful Entrepreneur?

What Makes An Individual A Successful Entrepreneur?

Entrepreneur’s motivation and innovation are what drives a fair chunk of economies throughout each country. As there are many good and well known entrepreneurs, there are many entrepreneurs that are not successful.

What makes a successful entrepreneur?

  1. High adversity quotient – Challenges are part of an everyday business. No matter how severe the challenge will affect the company, an entrepreneur must be able to identify and solve it. Adversity quotient is a measure of how well an individual can face challenges. People with a high adversity quotient are those who are able to take these challenges and flip them over to create opportunities for the company.They are able to identify challenges ahead of time, rather than waiting for one to occur.
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Leadership Lessons From 3 Great Business Leaders

Being a CEO of any business is not a walk in the park. Leadership is more than just sitting behind a desk all day,  preparing action plans for employee misdemeanors and clocking out at 6. Tenured employees may know all about business operations but tenure is just one of the factors to be considered for a managerial position.

leadership lesson from 3 great leaders

While it takes time to make any one person a leader, there are some born with the qualities inherent in being an effective business leader. Aside from leadership styles, it is the leadership qualities of a CEO, a manager, a supervisor even, which sets a mediocre operation apart from a thriving, successful business.…

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How The Alternative Work Schedule Can Help Your Company

As a small business owner, you’re always looking for ways to keep operating costs down while retaining people, right? Have you ever considered alternative work scheduling?

As technology progresses and jobs become more reliant on that technology, working without having to actually be in the office doesn’t just become a more viable option, it becomes a more attractive one that people all throughout your company can benefit from if the right sort of alternative scheduling is implemented.

alternative work schedules

There are a number of different ways to approach this idea. Some businesses practice compressed weeks that allow for more hours in a day in exchange for fewer days a week, while others give employees the option to work whenever they want, wherever they want outside of “core” hours or days where a presence at the office is necessary for things like meetings.…

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Why Maintaining A Business Is Like Maintaining Relationships

maintaining a business is like maintaining relationships

Maintaining a business is very much like keeping a relationship. It’s a two-way street; it’s about giving and taking. Since Valentine’s Day is today, I won’t be dispensing with the usual tips, advices and general opinion about business. Instead, I will be discussing what I have personally observed and experienced on how relationships and business operations are more alike than they seem to be.

On Giving Special Attention

Businesses and relationships have the tendency to demand your utmost attention that at times, it may seem draining. But you know for a fact that both are attention-seekers and you have to fulfill that craving because you just don’t run a business for fun, you do it because it ignites what you are passionate about.…

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Don’t Be Disillusioned By These 5 Business Myths

small business myths There was a time when entrepreneurs were all hankering for advice from anyone and anywhere. Now, everyone seems to know everything about operating and starting a new business that those who plan to start their own business become disillusioned. Truth be told, gurus of small business started out with probably as much hesitation and uncertainty as the next person.

Starting a business is a trial and error process. Business gurus, whether self-proclaimed or not, become such because of tirelessly working to be better, to be well ahead in the game. Business gurus learn how to weed the myths from the realities of starting and operating a business.…

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Hiring A Management Consultant

hiring management consultantsSmall businesses tend to overlook the importance of hiring a management consultant; they don’t realize that big businesses are into this kind of stuff because they know that this can greatly affect the return of investment.

Yes, you heard it right, management consulting can play an important role in increasing the rate of return on your investment. This is something that small businesses do not typically understand.

For your information, big businesses are hiring management consultants at every level of their operation everyday. It might be a liability at first glance because you need to shell out cash for this, but third party help is needed to increase the profitability of the business.…

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Cost Cutting Your Business Expenses

business cost cutting expensesExpenses can be a burden for any particular company. This is something that a business owner cannot avoid. Of course, the prerequisite for a business to operate is start up capital. You can’t manage and operate a business from an empty pocket. You need to shell out money in order to start your business operation.

Since expenses cannot be eliminated, entrepreneurs must find a way to at least lessen the cost required for business operation. A successful business knows how to control the costs. Manage your business in such a way that every small detail of your expenses will be recorded and you’re spending at the smallest possible cost.…

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Operating and Managing a Small Business

manageing a businessThe success of a small business relies on how the entrepreneurs manage and operate the business. There are a lot of people starting a small business everyday, but because of the lack of knowledge, they end up with an empty pocket. It is critical that one must consider how the business should operate. As a business owner, you should have clear understanding on your business plan and this should include your operational decisions in order to meet your business goals and objectives.

When we say business operation, we are referring to a detailed analysis of how you are going to provide your products and services in the marketplace.…

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Branding: Authenticity Is Key To Long-Term Success

branding keys to successWe hear story after story about organizations trying to reinvent themselves or wondering why they have lost market share or stakeholder support. Often times they are so close to the root challenge that they overlook it and try to advertise or promote their way out of slumping sales. A better approach: look deep to examine and refine your true brand essence and never loose sight of the essential emotional connection your brand must make to each guest, customer or stakeholder.

Over the years we have accepted the challenge of assessing and developing strategies to both launch and expand market share for operators and their suppliers in a multitude of industries.…

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Do More With Less: Examine Your Business Processes To Stay Competitive

examine business processesStaff reductions are typical targets for controlling costs in tough economic times. This can be particularly challenging as you attempt to balance responsible fiscal management with fluctuating sales while maintaining customer expectations for quality, support, and customer service. The answer to this dilemma involves embracing a return to basics, i.e., examining your business processes and understanding the role they play in getting your product or service out the door.

Business processes are the means by which work gets done. Many businesses however, view business processes as a “this is how we do it” mentality, rather than a systematic way to understand how work gets done.…

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