15.5.08

Hot Tips on Being a Young Entrepreneur

One good thing about being young is the opportunity of exploring beyond your boundaries with a good excuse of “because we’re young”. And this is what makes young entrepreneurship fun and ideal.

A big advantage that teenagers have is less responsibilities and more time to waste. Unlike adults who are stretching their 24-hour life thinking on how to make a living. Although the risk would be immense with lack of experience and knowledge, a teenager can start with what he knows…being young.

New entrepreneurs aging 16-21 are showing more vitality and perseverance to engage in a profitable market industry. Growing adolescent minds develop as fast as mobile companies introduce new breed of mobile phones. Now, are you paying attention?

Think Young

Majority of our population is composed of teenagers with curious mind. Introducing a new line of clothing that looks like a blast from the past would not catch their attention. When you think of putting up a business intended for the youth like yourself, is should coincide with their heart’s desire. Look at the path where they trod.

Extract it From Reality

Practical people always go for what they need instead of buying what they want. Recognize the difference? Something you want wouldn’t turn out as something you need. You would want apple juice to quench your thirst but all you need is water. Yet something you need would always be something you want. Pacify the masses with what’s essential.

But don’t settle to what is traditional and basic. Instead, add up to what’s already there. Invent. Awake you innovative mind. Improvise. Water would always be water. But when you mix minerals and electrolytes, wham! an energy drink is born.

Be a Techie

Information before is wired up to a tube. But now, it flies with the wind. Computer technology is becoming a must among everyone. It has successfully improved the lifestyle of business establishments, big or small. If you try to dig into the internet, billions of advertisements flood your screen. Why not try clicking on one of them? You never know when it might interest you.

Count Your Savings

A penny for your thoughts? Nah, keep your thoughts, I’ll keep my penny. Putting up a business is a tough deal especially when you don’t have the appropriate amount of money to fund it. But where would a kid like you get it when your piggy bank has been used up? If you’re 13, talk convincingly to your parents or your close relatives and try to make them understand that you are old enough to run your own business and don’t let them think that you’ll just use the money for a video game.

If you’re 16, you could borrow it from your friends or significant someone. The moment you turn 18, more opportunities to borrow money or capital would come through. Business firms allowing enthusiasts to accumulate a certain kind of amount plus interest. Lending companies as we call them. With determination, you could see your money rolling.

Fine a cure for teenage immaturity. Engage yourself with what you’re made of. Don’t be satisfied sitting at one corner reading your notes. Being small doesn’t mean you have to aim and act small. Live to conquer. Start with something.

13.5.08

Work at Home as a Home-Based Business Entrepreneur

Being an entrepreneur is very appealing but not everyone can become one. One of the quickest and easiest ways to become a successful entrepreneur is by working at home through a home-based entrepreneur business.

Firstly, you need to evaluate your strengths and weaknesses. After the evaluation, you can now determine if you can manage your own online business. Aside from the evaluation process, you must know how to plan, organize, staff, and control. These are your responsibilities as an entrepreneur. You should be able to work alone because now you're the boss and all business decisions will be made by you.

Some say that online businesses can be run without many problems. Well, they are very wrong because even with an online business, you have to deal with certain business problems and risks. You can't eliminate such risks because that goes hand in hand with any business undertaking, both for online and offline businesses. However, you can reduce the risks that you're bound to deal with in the future by choosing the best home-based entrepreneur business that will work for you.

Entrepreneurs are known to be self-starters. Organizing your time is a difficult task but if you want to run a home-based online business, you should be able to do it. Remember, you don’t have a boss that you can rely on. This is your business and you have to be responsible for it at all times.

Running your own business would also mean that you have to deal with different kinds of persons. You will surely encounter demanding customers, moody vendors, and an unreliable staff. To become a successful home-based business entrepreneur, you should know how to deal with them individually. You should know the quirks of every person that you encounter so that you can address them and the situation correctly.

Running an online business is all about your attitude and character. According to some experts who conducted researches about the characteristics of entrepreneurs, there are certain traits that an entrepreneur should possess. As mentioned earlier, entrepreneurs are risk-takers, self-starters, and know how to deal with different kinds of people.

Those traits and characteristics are not enough. You have to have more than that. Another trait that you should possess is being an excellent decision maker. Since you're the boss, you should be able to make quick yet effective decisions. Some situations are filled with pressures but despite the pressures, you still need to make an informed and wise decision. As owner of your online business, you have no one else to rely on when it comes to business related decisions.

To be an effective online business entrepreneur, you must have lots of energy and superior work ethic. Owning an online business may mean working even on late hours and on the weekends. However, you must not be pressured of your tasks. View them as challenges and strive even harder. Your efforts will be rewarded once you see the profits rolling in.

If you already know the responsibilities of an entrepreneur, then you can assess if you can become successful in an online business. Working at home through a home-based entrepreneur business requires dedication and hard work. You must be able to monitor your finances, tasks, inventory, work schedules, and many others. Good luck and may your chosen home-based business become a success.