|
|
|
Does Retirement Fit Into Your Busy Schedule?
Why do you work? Stop and think about it. Other than the income you derive from the various tasks and responsibilities you perform on the job, are there any other reasons you get up every morning before the birds do, drive your car in rush-hour...
|
Earning a College Degree Online
Traditionally, earning a college degree has required a student to physically attend a college or University at one of the campuses the institution runs. This might require a student to relocate, or the student might be limited in the classes he or...
Interactive Technology in Healthcare Education
Healthcare professionals are under pressure to perform and absorb vast amounts of new or changing information in increasing volume. This surge has led to new and improved computer-based tools for many healthcare activities and to an explosion in...
|
|
Pair Your Powerful Resume with a Great Cover Letter
Every great resume deserves a great cover letter. A cover letter is crucial because it’s the first thing the hiring manager sees. And you only have seconds to grab his or her attention. So, you have to make sure the cover letter stands out from the...
|
|
|
|
|
Entrepreneurship
An entrepreneur can be defined as someone who is in control of
his or her own destiny and who makes things of economic
consequence happen.
To be an entrepreneur you have to have a particular kind of
mindset. That is, you have to have; 1) a strong desire, 2)
perseverance, 3) initiative, 4) persuasive skills. 5) a winning
attitude and 6) a bottom line mentality.
To begin with you should write down your concept as to what you
economically want to do as precise as you can in only one
paragraph. But in doing this you have to watch out for the
various traps that exist in developing a concept. They are; 1)
it wont work, 2) you can't make any money on it, 3) there is no
market for it, and 4) there can be unpredictable customer
behavior; But also remember this; that the customer has to pay
at least 5 times the direct cost of a product.
Now there are three types of Business entries you should
consider. They are; 1) Starting from scratch whereby you should
be prepared to take 5 to 8 years to start a business, 2) Buying
an existing business whereby the risks are less by saving time
(1 year) for the business to be operational, buying cheaper
assets, and by assuming cheaper financing, and/or 3) in buying a
franchise) whereby the risk would only be about 30%. Also you
could be an Entrepreneur within a company as well.
The ideal business actually should have; 1) no investment, 2) an
identifiable market, 3) a low cost supply, 4) minimum government
regulations, 5) good price-cost ratio, 6) frequent
buyers, 7)
favorable tax treatment, 8) a good distributing system, 9) news
value, 10) technical fashion obsolescence, 11) perish ability
and, 12) weather proof ness
Three types of business plans should be written once your
concept of a business starts to materialize. They are; 1) The
Feasibility Plan, 2) The Operational Plan and, 3) The Financing
Plan. Financing for the business could be accomplished by; 1)
cash from customers, 2) sub-contracting, 3) your own money, 4)
borrowing (from as few as possible) or 5) by leasing.
The Management team, if you decide to assemble one, should
include; 1) the creator, 2) the driving force, 3) the marketer
(the marketing strategy should be to find the competitive edge
either in quality, price, or service) and, 4) Moneybags. Then
you should give each of them part of the rock and teach them to
listen to others.
This knowledge came from a film entitled "Winning Entrepreneur
Style" by the University of Southern California.
About the author:
Corbin Melvin Wright was born in New York City in 1931, grew up
on Long Island, graduated from Roanoke College in Virginia with
a BA in Political Science, and from New York Theological
Seminary with a Masters in Religious Education. He worked as an
accountant in NYC for 21 yrs. and as an English teacher and
Christian counselor in Argentina for 23 years. He was married
twice, widowed once, & has no children, E-mail address
(corbinwr@yahoo.com).
|
|
|
|
|
|
