SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING. PART 1
ARRANGING FINANCE FOR SMALL BUSINESS MANUFACTURING IN INDIANo manufacturing business can take off without monetary support. This need for finance can be classified into following types:● Term Loan (long & medium term)● Working Capital Loan● Seed...
SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING. PART 2
TECHNOLOGY & MACHINERY FOR SMALL BUSINESS MANUFACTURING Choice of technology and process involves the selecting right machinery. Only a customized detailed project report can give you the solution about the machinery and process with project cost. For some complex...
SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING. PART 3
MAKING A PRODUCT CHOICE IN SMALL BUSINESS MANUFACTURING Selecting a right product is the most primary issue in getting success form manufacturing business. In a project conceptualization stage while making a product choice following factors are related to product need...
SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING. PART 4
IDENTIFY WHAT IT TAKES IN STARTING A SMALL BUSINESS MANUFACTURING Starting a manufacturing business involves a lot of commitments. Often manufacturing business calls for a up-front financial investment for specialized facilities, equipment and raw material....
SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING
Initiating a small business manufacturing in India is generally considered as an opportunity. Manufacturing opportunity produces a product that can generate sufficient surplus. The product plays an important role in the small business manufacturing operation. Setup...
Who is an Entrepreneur? Tip 2
If you choose to learn more about a particular venture by working for another organization, be aware of non-compete clauses in your employment contract. In some jurisdictions, these clauses can be very restrictive. You don't want to risk your future projects by...
Who is an Entrepreneur? Tip 1
As an entrepreneur, you also need to be able to navigate the rules and regulations that apply in the country you're working in. These websites will give you a good start with this: · Australia – Business.gov.au · Canada – Canada Business Network...
Who is an Entrepreneur? Tip 3
You can improve your people skills further by taking our How Good Are Your People Skills? self-test. Critical and Creative Thinking Skills As an entrepreneur, you also need to come up with fresh ideas, and make good decisions about opportunities and potential...
Who is an Entrepreneur? Tip 4
Interpersonal Skills As a successful entrepreneur, you'll have to work closely with people – this is where it is critical to be able to build great relationships with your team, customers, suppliers, shareholders, investors, and more. Some people are more gifted in...
Who is an Entrepreneur? Tip 5
Personal Characteristics First, examine your personal characteristics, values, and beliefs. Do you have the mindset that's typical of successful entrepreneurs? · Optimism: Are you an optimistic thinker? Optimism is truly an asset, and it will help get you...
Who is an Entrepreneur? Tip 6
Defining Entrepreneurship Some experts think of entrepreneurs as people who are willing to take risks that other people are not. Others define them as people who start and build successful businesses. Thinking about the first of these definitions, entrepreneurship...
Entrepreneurship Skills. Tip 7
The Skills You Need to Build a Great Business What makes someone a successful entrepreneur? It certainly helps to have strong technology skills or expertise in a key area, but these are not defining characteristics of entrepreneurship. Instead, the key qualities are...
Who is an Entrepreneur?
Entrepreneurs are business people who can detect and sense the availability of business opportunities in any given scenario. They will then utilize these opportunities to create new products by employing new production methods in different markets. They will also...
Effective Communication
Effective CommunicationCommunication is a way to make interaction between people. Entrepreneurs always try to improve their communication skills because it will assist them in sharing their ideas and presenting them clearly and to constantly work in a better way with...
The 17 Skills Required to Succeed as an Entrepreneur – Part 17 (17)
The desire to improve your world. In the end, the best and most enduring motivation is to make a positive change in the world. When you focus your business and your success on that top priority, you’ll find yourself ready to weather any storm to meet the goal. Don’t...
The 17 Skills Required to Succeed as an Entrepreneur – Part 16 (17)
The ability to deal with failure. No business venture is a straight line to success; knowing how to deal with ups and downs is essential. Remember that every successful person out there failed dozens of times before getting a win. Failure isn’t the end - it’s just a...
The 17 Skills Required to Succeed as an Entrepreneur -Part 15 (17)
The ability to spot new trends. Business moves fast, so you’ve got to have the ability to see changes coming in your industry. Make it a point to keep up to date on new startups and the advances in technology that could be poised to disrupt your field.
The 17 Skills Required to Succeed as an Entrepreneur – 14 (17)
The ability to close a sale. Letting customers know you understand their pain is important, but asking for the sale is where many entrepreneurs get stuck. If you’re nervous about this step, try enrolling in a sales workshop to learn these much-needed skills.
The 17 Skills Required to Succeed as an Entrepreneur – Part 13 (17)
The ability to focus on your customers. To be clear, without customers, you have no business. Make sure all of your pitches, products, and services are focused on actual customer needs. If you don’t know what these are, research and ask questions so that you’re able...
The 17 Skills Required to Succeed as an Entrepreneur – Part 12 (17)
The ability to connect via social networking. Along with SEO, social networks represent a key part of any business’s marketing strategy. Not only will you need to understand each platform, you’ll want to arm yourself with the best strategies for getting your startup...
The 17 Skills Required to Succeed as an Entrepreneur – Part 11 (17)
The Ability to A/B split test. A split test is a simple process that involves running a scenario two ways to test a possible change. It’s commonly used to make websites effective, but it can be used in many areas of project management and marketing as well.
The 17 Skills Required to Succeed as an Entrepreneur – Part 10 (17)
The ability to conduct basic SEO.In the beginning, you’ll be doing the work of every business department. With that in mind, do you understand basic SEO and digital marketing? If not, you’ll want to brush up on this area before you launch a business.
The 17 Skills Required to Succeed as an Entrepreneur – Part 9 (17)
The ability to manage staff. Once you have the right people, you need to manage them well. Early on in your business’s growth, you’ll be everyone’s manager, so it pays to be effective. If you don’t already know how to manage, take the time to learn how to motivate,...