SMALL BUSINESS MANUFACTURING | THINGS TO CONSIDER BEFORE STARTING
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...
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 (9-17)
The 17 Skills Required to Succeed as an Entrepreneur There’s a question that haunts every would-be entrepreneur – and many actual entrepreneurs – every day: “How do I know if I have what it takes?” Yes, the Internet is full of ideas, tips, tricks and even awesome...
The 17 Skills Required to Succeed as an Entrepreneur (1-8)
The 17 Skills Required to Succeed as an Entrepreneur There’s a question that haunts every would-be entrepreneur – and many actual entrepreneurs – every day: “How do I know if I have what it takes?” Yes, the Internet is full of ideas, tips, tricks and even awesome...
Team Building Exercises
Team Building Exercises Let us throw some light on some team building exercises.Encourage many trust building exercises in your team. Team members must trust each other for the maximum output. Blindfold half of your team members and ask them to jump over bricks with...
What is Team Building
What is Team BuildingTeam building refers to the various activities undertaken to motivate the team members and increase the overall performance of the team. You just can’t expect your team to perform on their own. A motivating factor is a must. Team Building...
Team Building
Team BuildingIntroductionYou probably have been a part of multiple teams at different stages of your life. In fact, it won’t be a long stretch if one were to guess that you have been a member in many teams at the same time too. While it might sound improbable, allow...
Leading by Example
Leading by ExampleA manager needs to realize that the team members that he is now managing have seen him as one of them till recently. To earn respect in their minds, he needs to lead by example and demonstrate his competencies that convinces them that he is a good...
Other Titles with the Word “Manager”
Other Titles with the Word "Manager"Part 1Two common and important positions in a firm include product managers and project managers.A Product Manager is responsible for the success and ongoing management of a product or service category. They typically work across...
Levels of Managers
Levels of Managers While there are many and varied titles for managers, the levels are easily identifiable.Front line or First line managersWorking daily with the employees responsible for the bulk of the organization's operations. They are supervising the individuals...
Role and Core Responsibilities of a Manager
Role and Core Responsibilities of a ManagerPart 1The broad categories described above break down into a series of activities common to almost all managers. These include:Providing direction to team members on efficient, timely completion of their function's...
Essential Skills of the Manager
Essential Skills of the ManagerManagers need to develop and hone the following skills:Leadership—You’ve got to be able to set priorities and motivate your team members. This involves self-awareness, self-management, social awareness and relationship management. Be a...
Choosing a Manager
Choosing a ManagerPart 1 The Senior Management in a company chooses employees as managers depending on their reputation in front of their subordinates and the general observation about them. These observations often point towards many of the significant...
Creative Problem Solving
Creative Problem SolvingPart 1CPS is a proven method for approaching a problem or a challenge in an imaginative and innovative way.It’s a process that helps you redefine the problems and opportunities you face, come up with new, innovative responses and solutions, and...
Blocks to Innovative Ideas
Blocks to Innovative Ideas Mental blocks towards creativity can be strategic, value oriented, perceptual and self- confidence related blocks. The real idea must be to facilitate the process of producing ideas. Because of these techniques, new ideas and insights will...