Posts Tagged ‘business tips’
1. The product. What good is it? what problem is solved with the idea?
Success in the marketplace is the result of satisfied customers, the “amazing” the product is. Customers buy products in general if they think it solves a problem for them or because it satisfies a need. Therefore it is important to first in the business concept document to indicate the problem will be resolved and whether a product or a service. Remember that “the solution” in the first place on the customer and the problem and not on technical details.
So do not say: “by applying an infrared laser in the expectational we are able to accurately measure 15% to result in a reduction controls are necessary. For example, it is better to say: “by applying our solution saves 10% of your time and 25% of your costs in the measurement. So try the benefit of your solution (faster, lighter, safer, smaller, simpler, more reliable or easier) to show in concrete numbers.
It’s common for new high-tech companies are unable to find enough customers approached by the potential customers do not (can) see what the advantage of the new technology. This is often because there is too much covers the technical details and sometimes even then said: “The customer is just too stupid to understand what our technology can ……”. However, for the benefit for the customer to clear you must give his or her concerns or need to know well and unfortunately it requires more than a slick power point weak for you on your laptop technology uit magic.
To become a successful entrepreneur must learn from the experiences that were successful. If you had a successful business that did not remember that many of the great entrepreneurs of all time and had the same problem as you or even worse. As we have said in different post failure is not only seen but is more poorly used by the sufferer.
If you look at the history of these entrepreneurs and their failures will find that what sets it apart from the end beat was the positive attitude they had before the failure. These sought to draw lessons from adversity and to evaluate the variables by which this occurred. Problems faced as a process rather than as the ultimate goal.
Of course, these processes left valuable lessons for improving the new to come. The failure of any enterprise has a tremendous impact not only on who initiated it in the family, friends and partners. But precisely in this situation is necessary for the successful entrepreneur finds energy and perseverance to keep going.
Thomas Edison said he never failed, but had tried ten thousand ways that never worked. Albert Einstein, speaking of the failures he said, that he who never failed was because he had not tried anything new. It resembles the cracks of football, which scored after countless attempts. Unfortunately our culture has a tremendous risk aversion tends to stigmatize those who broke into a business. It is something that is not only frowned upon but that when they talk to the person to whom a given business is not good, do it like a leper or pariah.
Often the family or friends are the most tormented us when we try to do something “outside the box.”
The attitudes that can help those who are trying to change their own world and that of others, and that at some point is in front with failure, can be summarized as follows:
1. Think positively. If you have a good project and good ideas, do not budge against failures or falls. “Failure defeats losers and winners inspires,” says Robert Kiyosaki, and I agree with that completely.
2. Stop and think. Stop suffering. Be honest with yourself, ask yourself (not others) that could have done things differently.
No matter whether this process has other more responsibility than you. Use this time to identify the factors you imagined and that they were good and which are not given due importance.
3. Make a list of all the details that contributed to the failure. The entrepreneur has a macro view of the strategy and forget that most of the strategies do not work are the result of the implementation and its details, not the strategy itself.
4. Share your experience with other entrepreneurs. Get advice and do not be embarrassed to share their failures and weaknesses.
You will be surprised at the number of entrepreneurs who went through similar situations and can help you find a solution to their problem and to identify new opportunities in adversity.
5. Be humble. Arrogance, in any situation, always a virus that infects people, too much self-confidence bordering on arrogance blinds us and tend to find that everyone is wrong except one. Read the rest of this entry »
If you are starting your own business, looking for funding for the same or have growth plans which you want to project to your investors, it is necessary to develop a business plan. This list describes some common errors which financial institutions and professional consultants tend to see business plans. While making sure his or reviewing it, consider the following:
Grammatical errors
One of the things that show a business failure is the fact that the business plan appears to have been written by a high school student. Even I am guilty of some other grammatical errors and it should not have excuses for them, the important thing is that if you are going to submit this document to people that they be based grant you funds for your writing business, it is better to devote the time necessary for ” spell check “for a second look and everything else. Do not want your innovative idea that is interrupted by Mr. Cervantes Saavedra bank’s anger at his execution grammar.
The plan is ambiguous
Have an idea you know will work. The product / service you’re offering is a success, but do not take the time to explain to your investors how your company will make money. Every business plan must have in the least an explanation of the following: Read the rest of this entry »
Write to your local newspaper
Contrary to popular belief, do not need to be a renowned journalist to write to your local newspaper.Surely the local newspaper will be willing to publish your notes if you have something interesting to say. New editors are always looking for fresh perspectives and intelligent post. The best way to approach an editor is presenting ideas for an article on a relevant topic.
A story published lends credibility and may grant you a captive audience. At the same time, it can be the platform to get the opportunity to write in other major newspapers or magazines. Achieving this kind of exposure not only serves to show your talents, but also will help you make your name in the professional field.
Lectures
The beauty of the talks and conferences is that the event producer handles effectively promote your image and your professional name in their domains.
When the event takes place, all attention will focus on you and your message. Another advantage has to do with the fact that people naturally assume that if you stand there in front and you have something to say, then you know what you’re talking about and therefore, you must be an expert.