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5 Tips For Starting Your Own Business

Entrepreneurship

5 Tips For Starting Your Own Business

361No Commentshttp://turbed.com/2009/11/04/5-tips-for-starting-your-own-business/5+Tips+For+Starting+Your+Own+Business2009-11-04+23%3A42%3A26GerardoDuran 04 November 2009

Wouldn’t it be great to be able to quit your job, be your own boss.

1.Create The Idea

Before starting a business you must first think of a concept, product or service that will generate value.

This may sound easy,but often this is hardest part .Once you settle on an idea,see if theirs a market for that.

2.Develop A Work Space

If you are considering a home-based business,make sure you have a dedicated, private area to work. This area should be free of noise and distraction.
Also make sure you have the resource necessary for your idea to flourish

3Build The Perfect Team

Bring on people who complement your skills and fill your weakest points.Got to business events and network!

4.Plan Your Company Budget.

Without a budget, a business runs the risk of spending more money.Count that in first six months you won’t make any money .
Conserve your money as best as possible.

5.Write A business plan

A business plan is needed if your seeking in raising money.Plus is it a good planning tool, will showcase your product or service, how you plan to make a profit and the exceptional team who can bring the business to success. It should include market data and tests to show the service or product will sell, the essential skills that will drive profits, estimates for startup costs, projections for sales and profits, also your company long term goals .

Passage To Entrepreneurship

Entrepreneurship

Passage To Entrepreneurship

344No Commentshttp://turbed.com/2009/10/29/passage-to-entrepreneurship/Passage+To+Entrepreneurship2009-10-29+20%3A29%3A05GerardoDuran 29 October 2009

A Entrepreneur is someone who can both visualize and actualize. He needs to be able to visual something-and once that “something” is visualized, not necessity see exactly how to make it happen.

In order to make it happen, there are several steps that you as an entrepreneur must take on your way to entrepreneurial success. Do not just enhance what is, but advance towards what will be: keep the long term in sight.

It is essential to love what you do.

When in sales, there is no right or wrong way to sell: all you need is passion and enthusiasm for your product. This passion will ignite the minds of your potential client, facilitating connections, and connections between will be made. Your passion and enthusiasm for your product will be what encourages the sale-not the rote duplication of someone else’s selling system. What you do to sell and promote your business has to be a reflection of what you are already willing to stay up late for and get up early for.

It has to connect to your why and be a part of your own experience.

Second, you must start working your plan, whether you are ready nor not.

Know the four good things that you are about to do: first, that your business is going to be built on a great idea; second, that great idea is going to connect you to a market; third, that you will create a plan based on what you learn, on an ongoing basis, about that market; fourth, that you will adjust that plan over time.

After you have visualized your plan, find the right partner… and avoid the wrong one! You will have a significant advantage over one-man businesses if you come together with another person regularly to make important decisions. Find someone with whom you have good chemistry, someone who fills your blind spots. Successful partnerships are based on the idea of taking different perspectives in a discussion and having different talents.

Once the groundwork has been established, set priorities for the absolutely crucial first year. Concentrate on why you are doing something-not how. Your why will keep you closely connected to your company and your product. As soon as you lose sight of why, you will also lose sight of your driving force and your motivation.

Through your first year and beyond, court clients-and keep them coming back! In order that you become a successful entrepreneur, it is essential that you are the person who is willing to pick up the phone and call people to talk about making deals and doing business. When you make this phone call, make sure you are absolutely certain about the product that you are selling. With this certainty, you can use confidence to build up a network of contacts. The network cannot be established overnight-it is going to take a lot of phone calls. You cannot just wave your magic wand over a corporation and change them into a profitable client.

In order to keep your client base, you need a great team to work with.

Make sure that your startup gives value

Inevitably, there will be failure. You must learn from failure: use it as a stepping-stone. Do not forget what mistakes you have made, but do not allow yourself to dwell on them. Take from your failure: take the lesson learned-do not let it take anything from you: not your energy, not your time and not your space.

Finally, in order to keep your company going and keep your clients happy, maintain good relations with your vendors. It is essential that you support the people who support you. If you are making a big commitment to a client, make sure you have a solid relationship with your vendor.

Myth of Entrepreneurship

Entrepreneurship

Myth of Entrepreneurship

339No Commentshttp://turbed.com/2009/10/26/myth-of-entrepreneurship/+Myth+of+Entrepreneurship2009-10-26+20%3A28%3A36GerardoDuran 26 October 2009

Overnight success.

You know, the two guys who throw together a brilliant idea in their garage, use ols pc as their server and a few week’s later sit down to give interviews for their businessweek cover story.

There is no such thing as an overnight success. Most entrepreneurs who have rise to prominence that make headlines do so because of the months and years they spent in relative obscurity doing things that quietly failed. The project that brought them onto the stage was the direct result of these failures, the synthesis of everything they learned when the world wasn’t paying attention.

Being successful as an entrepreneur is almost the ability to overcome thousands of problems before you run out of money. The people who are great at it aren’t necessarily smart or visionaries, they are just good at finding problems and quickly finding solutions.

17 Quotes To Motivate The Entrepreneur

Entrepreneurship

17 Quotes To Motivate The Entrepreneur

2491 Commenthttp://turbed.com/2009/10/05/17-quotes-to-motivate-the-entrepreneur/17+Quotes+To+Motivate+The+Entrepreneur2009-10-05+22%3A19%3A56GerardoDuran 05 October 2009

One of my biggest motivations has been quotes and wise words from other entrepreneurs. Today I decided to list my favorites, hope you enjoy.

The best reason to start an organization is to make meaning – to create a product or service to make the world a better place – “Guy Kawasaki”

Most great people have attained their greatest success just one step beyond their greatest failure -“Napoleon Hill “

Once you say you’re going to settle for second, that’s what happens to you in life – “John F. Kennedy”

The only place where success comes before work is in the dictionary - “Vidal Sassoon”

To win without risk is to triumph without glory -“Corneille”

A Life Without Risk Is Not Worth Living-?

Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great –” Mark Twain”

If you ain’t making waves, you ain’t kicking’ hard enough-?

Its better to own the racecourse then the race horse-?

Life’s simple. You make choices and you don’t look back-“Forrest Gump Movie”

My son is now an “entrepreneur.” That’s what you’re called when you don’t have a job. -“Ted Tunner”

If you live for weekends or vacations, your shit is broken – “Gary Vaynerchuk”

The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look. The entrepreneur in us is more concerned with discriminating between opportunities than he or she is with failing to see the opportunities -“Michael Gerber”

There are no secrets to success. It is the result of preparation, hard work, and learning from failure. -”Colin Powell ”

Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets. - “Victor Kiam”

Be the change you wish to see in the world-“Mahatma Gandhi”

Be nice to geek’s, you’ll probably end up working for one – “Bill Gates”


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