Tag Archives: business tips

3 Habits of Highly-Effective & Successful Entrepreneurs

We’ve all heard of them, the powerful figures who, from year to year, trade places on the ‘world’s richest’ list. They comprise of risk-takers and highly influential magnates. Perhaps international business leaders like Sir Richard Branson, Rupert Murdoch and Bill Gates are all like minded, but specialise in their own fields. So what is it that makes these entrepreneurs so successful?

Granted, each entrepreneur has hiked their own journey to the top in a way different to all others, however, according to Forbes Magazine, there are common characteristics between the world’s most wealthy that have aided in their success.

1.  They are more excited about the journey than the payout.

Successful people have reached the top with the unwavering ability to ignore get rich quick schemes. Across the board, our primary corporate leaders appear to be more focused on building sustainable careers for themselves through hard work, risk taking and creativity.

They enjoy the journey, including the obstacles, because they are generally doing something that has meaning in their own lives.

As a prime example, Apple Founder Steve Jobs had an early passion for electronics and throughout his career, was adamant about making the wonders of computing available to the average person.

What drives our desire to join the billionaire list is often the idea of the billionaire status and not the resultant consequence of one’s journey to the said list. Perhaps we set ourselves up to fail by aspiring towards the result of someone else’s journey.

It is evidently important to note that the financial achievements we dream to fulfil are not the final goal, but merely a side effect for the worlds leading entrepreneurs.

2.  They set real goals that they can accomplish.

Successful people wake up with their day already planned. While unsuccessful people are scrambling to figure out what they need to do next. By and large, our driven innovators goals are highly focused, monstrous, yet obtainable and are aligned to their personal strengths.

To play a winning game, the successful business person will only play in favourable match conditions. They know what they are capable of and will invest all of their efforts in it. While their friends are sleeping, they are working. While their families are on holidays, they are aiming higher than ever before.

3. They take accountability for themselves and their actions.

They aren’t relying on other people in order to get the job done. Instead, they are looking inwards and are trying to find the solutions, while leveraging their current assets. Sir Richard Branson, founder of the Virgin Airline Corporation, reiterates the importance of the employees in his company. He has even dubbed them, the company’s ‘greatest assets’.

Furthermore, if they make a mistake, they own up to it and immediately think of ways that they can improve next time, not making the same mistake twice. They too are learning while working and often accept the fact that reward is the fruit of risk, by which one must chance failure.

Whilst these characteristics are commonly seen in the world’s pioneering front runners, there is no guarantee that by possessing these traits, one will be able to join the world’s high flyers. However, where there is a will, there is most certainly is a way. With the right mindset and good fortune, the next self-made millionaire or even better, billionaire, may rise into the top 100. Likely, they too will be driven by the journey itself, achieve set goals and hold themselves accountable for their actions. These tried and tested secrets to success await further proof, good luck.

Winning Strategy for Your Business

Today the world of selling is different in many ways from what it used to be a few years back. Companies and businesses who are selling their products or services out there are increasing exponentially. And users come across thousands of products or services every year. Competition is huge and only a business strategy that acclimatize to the new environments can win.

Like Charles Darwin once said “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.”

So what’s your strategy to stand out of the crowd and make people remember your brand? What is the winning strategy for your business?

Well, here are some proven factors that will win the game for you.

1. Recognise your audience: This is the first step. Before you jump on to your other business activities, make sure you fully understand your audience to avoid pitfalls in future. If you are an English Tutor, who is your audience? May be international students in your area! Narrow down your areas of expertise and understand the audience in each of them. There might be travellers who want to learn English, locals who are originally from non-English speaking nations willing to learn fluent English or maybe just someone whose mother tongue is English, but wish to clear a particular English test and wish to learn advanced writing skills to clear the test or an interview. This is how you break down your audience and try to understand them.
If you don’t understand your audience, your business will fail.

2. Website
Many people launch their business with an ordinary website which surprises me the most. Website is one of the biggest selling tool any business can have. One big mistake businesses make is to launch a website which is not user friendly. Many times, users get lost on the site because of poor graphical user interface and bad navigational structure. Just like you invest a lot of time and money in preparing your business model, you should also invest good amount of time and money on your website. It will be your one of the best investments you would ever make in your business.

Content on your website is also an most important factor. A good blog on your site can do wonders. Remember, design helps but people follow the content not the design. The success of a blog is not because of its amazing design but because of the quality of the content.

3. Social Media

If I have to name one thing that is more important than anything else in current times to grow a business, it will be Social Media. Facebook, Twitter, LinkedIn and other social networking channels are the tools to promote your business. They are the tools to expand a business. Success in these platforms plays a major roles in the success of the businesses these days. If you have found your target audience, do not forget to set up social channels to retain them, reach out to them and spread the words.

4. Reach your audience

Once you have a good understanding of your target audience, try to find the methods to reach out to them. Where can you find these potential customers? Carrying on with the same example, you may find students in an international students meet up, institutes, student forums, etc. travellers can be found on sites like couchsurfing.org, local meet ups of travelers and so on. Social channels are a great way to reach out to your audience.

5. Give Value

Before you sell, give value. This should be the mantra of your business because this is the success mantra of the successful businesses today. So you should not forget it too! You can give value to your customers by a million ways.

Help them learn. Start a blog, a workshop, or give away free books. It is up to you, but many successful businesses these days are helping their customers learn more and indirectly attracting them towards their products. Videos can be a great way to teach them about new stuff, or about your product. Whiteboard animation, Vlogs (video blogs), or other informative videos can help.

Entertain them. Create some interesting stories around your product, it can be funny, informative or adventurous considering what your product is and keep your customers entertained. This way they will remember your brand name and keep your product in mind.

For instance, a successful home renovation brand runs various free workshops to teach people how to fix basic things at home, run a blog to teach them how to be creative with your home, and provide them beautiful home ideas.

Give Away something. People like free stuff! Let’s accept it, we all do. Giving value via free stuff (product samples, informative document, free book, & more) is the best way to attract or buy customers’ loyalty. First win you customer’s heart and then sell. Half the time, you won’t even need to sell them directly because you have already sold your product to them in many cases by winning their hearts.

In short, give value to your customers and they will remember you.

9 Tips To Start And Sustain A Small Business

The difficulties in maintaining a business need not to prevent you from starting your own business and don’t allow those that have failed in their businesses to stop you from succeeding in the business. Select a kind of business you know that you are comfortable with. Immediately you’ve chosen a kind of business you will need to improve your business with the right strategy for you to achieve success.

Here are The Tips that will help you start a small business, maintain it and make it profitable.

1. Business documentation, bookkeeping and expenses

Get a professional accountant that will help you in business documentation, bookkeeping and expenses. It will spare you time and energy, so that you can quickly concentrate on business advancement to get benefits into your new business.

2. Focus on one business at once 

Just one business at a time will do, so that you can truly profit and succeed in the business. You can then start another business when you’ve achieved fair bit of profit in the first business. So, concentration on the first business is all you need.

3. Do your market research before starting your business

Don’t try to start a business because you think what you want to sell will profit the world business, check to see the kind of potential buyers out there, the rate at which such products and services are consumed, competitions and other elements of market research. Thus, invest your energy and time in market research before you start your business to know the potential that awaits you.

4. Create Market Strategy

Write down your marketing strategy and put in more points of interest on how you need to execute them in business. Read your marketing strategy routinely and know how you progress daily until you truly profit and succeed as what you have written in your marketing strategy.

5. Learn and be an expert in your line of business

Don’t just start a business until you truly know how to offer services and be a leader in your line with your business thoughts, your items or administrations.

Offering and showcasing are the two fundamental business methods that will give much benefit to your business.

You need to share your business thoughts, items or administrations to those people working with you, since they are helping you in your business – your business personals, your wholesalers and brokers. You really need to prepare them and help them in the offering and promoting of your business thoughts, items and administrations to the potential customers and organizations that will patronize.

6. Make a powerful business strategy

This will minimize your daily work weight and push to maintain the business. This will as well check the process of business work to know if it is steady and reliable and you can genuinely give the best standard of administrations to the buyers.

Check to see if people working with you are after the business strategy and they truly adhere with certain compensation plan for those that take after the business strategy. New worker will effectively assume control over the work if somebody abruptly leaves your association. Continue to promote your strategy to take care of the developing demand of the buyers as your business develop and grow in the business.

7. Keep your business capital safe

It doesn’t make a difference the amount of business capital you have raised for your new business, yet keep a capital safe without tempering with it, knowing that you may not make a benefit in the initial two years. This will make you to concentrate on business advancement without money related stress until you truly make an impact in the business.

8. Continuously be a noteworthy shareholder in your own business

Keep in mind to keep not less than 60% of your business shares and dependably be a noteworthy shareholder in your own business. Try not to oversell your business rights with an intention of utilizing your business shares as a trade for raising your business capital. The fact is that you are the owner of the business however you will effortlessly lose your post as the CEO – Chief Executive Officer in your own particular business.

9. Don’t be afraid about business market competition

Business Market competition is constant for all business people. It is there to empower and change the way you think and you will then turn out with new business thought, new advertising ways, new item or new type of administrations to compete with others in this world business sector. Serious business market competition is here helping the development of organizations and the financial development of this great world you live; it is genuinely the miracles of the business world.

3 Key Characteristics Of Successful Entrepreneur

We’ve all heard of them, the powerful figures who, from year to year, trade places on the ‘world’s richest’ lists. They comprise of risk-takers and highly influential magnates. Perhaps international business leaders like Sir Richard Branson, Rupert Murdoch and Bill Gates are all like minded, but specialise in their own fields. So what is it that makes these entrepreneurs so successful?

Granted, each entrepreneur has hiked their own journey to the top in a way different to all others, however, according to Forbes Magazine, there are common characteristics between the world’s most wealthy that have aided in their success.

1. They are more excited about the journey than the pay out.

Successful people have reached the top with the unwavering ability to ignore get rich quick schemes. Across the board, our primary corporate leaders appear to be more focused on building sustainable careers for themselves through hard work, risk taking and creativity. They enjoy the journey, including the obstacles, because they are generally doing something that has meaning in their own lives.

As a prime example, Apple Founder Steve Jobs had an early passion for electronics and throughout his career, was adamant about making the wonders of computing available to the average person. What drives our desire to join the billionaire list is often the idea of the billionaire status and not the resultant consequence of ones journey to the said list. Perhaps we set ourselves up to fail by aspiring towards the result of someone else’s journey.

It is evidently important to note that the financial achievements we dream to fulfil are not the final goal but merely a side effect for the worlds leading entrepreneurs. This is indeed the winning strategy for most of the businesses. 

2. They set real goals that they can accomplish.

Successful people wake up with their day already planned. While unsuccessful people are scrambling to figure out what they need to do next. By and large, our driven innovators goals are highly focused, monstrous, yet obtainable and are aligned to their personal strengths.

To play a winning game, the successful business person will only play in favourable match conditions. They know what they are capable of and will invest all of their efforts in it. While their friends are sleeping, they are working. While their families are on holidays, they are aiming higher than ever before.

3. They take accountability for themselves and their actions.

They aren’t relying on other people in order to get the job done. Instead, they are looking inwards and are trying to find the solutions, while leveraging their current assets. Sir Richard Branson, founder of the Virgin Airline Corporation, reiterates the importance of the employees in his company. He has even dubbed them, the company’s ‘greatest assets’.

Furthermore, if they make a mistake, they own up to it and immediately think of ways that they can improve next time, not making the same mistake twice. They too are learning while working and often accept the fact that reward is the fruit of risk, by which one must chance failure.

Whilst these characteristics are commonly seen in the world’s pioneering front runners, there is no guarantee that by possessing these traits, one will be able to join the world’s high flyers. However, where there is a will, there is most certainly is a way. With the right mindset and good fortune, the next self-made millionaire or even better, billionaire, may rise into the top 100.

Likely, they too will be driven by the journey itself, achieve set goals and hold themselves accountable for their actions. These tried and tested secrets to success await further proof, good luck.