Business

The Role of Vision in Business

What is man or woman without sight? And I don’t mean sight with the eyes but a much stronger kind of sight – I mean vision.

If you really look at the human condition you will see that it is in the realm of the senses that we spend much time. We want to eat, we want to drink, we desire, we respond to stimuli around us – all of which are prompted by reactions with our senses for the most part.

This is all well and good, and indeed our senses – taste, touch, smell and sight are responsible for enjoyable things in our lives. How great it is to savour a delicious kind of food like an amazing tropical fruit, to enjoy a drink so tasty or to feel the sun’s warmth on a glowing summer’s day. How pleasurable to look at a sparkling ocean and to hear music being played. The sound of a grand piano, the pull from our middles of a violincello.

But really, these are the more basic of the human functions we have. Senses work only in conjunction with stimuli and if we are not careful, Pavlov’s Dog can begin to best express our behaviours – conditioned and reflex. Unthought-out and rote. Reactive rather than inspired.

Business demands more than senses – more than just a relationship between external stimuli and our senses. Business demands something from the realm of higher human behaviour. It demands that faculty which lifts us above the mundane, demands the faculty which breaks through all ‘ifs’ and ‘buts’ and ‘maybe’s’. It forces from us a relationship with this faculty and says – “stay with me if you want to do well” – that faculty – is vision.

Vision is so important that it can’t be understated.

We all love business – business is something excellent, it brings interaction with others, it brings exchange in terms of money. It can be demanding, it can be tiring, but like a tether of light and pulling us along – it is our vision, and our relationship to vision that determines, in many ways, how well we do.

The vision that we have in business is the same skill, the same type of focus that great men and women have had and developed all through their lives. Greatness in business and greatness in life have no separation.

Great people possess great vision – it is forged by the master craftsman of their will-power in the furnace of their minds. And great businesses require vision too.

So we really must nurture vision – every day we must return to the image we have created of our business and it’s role. In a way, it is our businesses which create our worlds. Vision doesn’t talk in shades of grey – it is always bright, strong and golden.

So your vision for your business could have been to establish a world-wide company – a network of trade, spanning the continents. Or your vision may be to create a product that brings more peace to the world. You may have set out to utilise technology to make people’s lives better, or simply because you love technology so much that you just intrinsically know that you have no choice but to mould it into the most amazing shapes you can. Your vision may simply be to create a business which brings you and your family wealth and wellbeing – all of these visions are worthy. Strive on always with your vision. Take time, everyday to refresh it. Your own mind is the strongest tool you have – vision one of its great powers.

Even as we get older and things change all around us – vision remains constant – as long as we make it strong within us all the time. So do not worry, on those days where an important staff member quits, when the amazing product you’ve just got onto the market doesn’t perform as well as you expected. When your tax bill is higher than you thought and when cash flow problems seem like a big hurdle – they aren’t. Make your vision stronger and obstacles will fall away and your business, and all of your life, will grow strong and radiate life’s excellence throughout.

Whatever your business is – try and nurture your vision – when days seem tough it is often vision that will provide fresh ideas and inspiration. People always talk about business plans – great. But you need the whole thing in your mind before any of that. You don’t have to have every tiny detail but forge for yourself an image of excellence of what you want your company to be – it could be that you want to reach a certain goal this year with the business, it could be that you need to break into new markets, perhaps overseas, it could be that you need to grow your team and just get exactly the right people in place. Make your vision strong for it will outlive you. Never give up on your vision and it will never give up on you. Remember, in your vision is integrity and well-being – it is the highest of human faculties – make your business the highest it can be – it is within your ability to do so. Strive on and achieve. Light your vision and let it light you.

Skills Needed

Skills Needed As An Entrepreneur

Polishing your skills as an entrepreneur can help you be a better entrepreneur. Here are the skills every successful entrepreneur has in common:

Doggedness.

The ability to be persistent in time of trial. Not every business will achieve that immediate success. The determination, knowing how to handle the ups and down is vital. Success does not happen overnight, some of those successful entrepreneurs out there failed again and again before finally achieving that remarkable success. Winston Churchill said: “success is the ability to go from one failure to another with no loss of enthusiasm”. What you need to know is that failure isn’t the end but a step closer to achieving that success. This skill enables the entrepreneur to keep going when the outlook is bleak.

Stay Focused.

You have to be ready to give it all it takes, when success in the business is your priority, you will find yourself ready to tackle any kind of challenges along the way. After setting a goal, knowing how to “laser focus” on the very next step to get closer to the ultimate goal. There are so many distracting forces when trying to build a business that this skill is not easy to master.

Productivity.

This is a sensitive topic, the fact is there is no one right way to be productive that works for everybody. Learn about your peak energy times, your routines, and the productivity tools that work for you in order to create your own plan for success.

Sales.

Some entrepreneurs get stuck here, every entrepreneur is a sales person whether they want to be or not. They are either selling their ideas, products or services to customers, investors or employees. They work to be there when customers are ready to buy. Alternately, they know how to let go and move on when they are not. If you’re always nervous about selling, try enrolling in a sales workshop to learn this much needed skill.

The ability to manage people.

You need to know how to manage people well. Early on in your business, you will be everyone’s manager, so it pays to be effective. Entrepreneurs should know how to motivate and encourage the employees. Only by learning to leverage employees, vendors and other resources will an entrepreneur build a scalable company. They need to learn to network to meet the right people. Entrepreneurs strive to guarantee they will get honest and timely feedback from all these sources.

Adapting to change.

Change they say is constant! Successful entrepreneurs realize they don’t know everything and the market is constantly changing. You have to be willing to go with the trend or change. You know what brilliant entrepreneurs does? They stay up to date on new systems, technology, and industry trends.

Strategy implementation.

You need to dedicate your time to simply dreaming about what you want for your business. Where would you like to take it? What’s your vision for it? Now, how can you get there from here? Set your goals, and then develop an actionable plan to make them a reality. Then, don’t forget about those goals. Keep them at the front and center to everything you do.

Take your time.

You don’t need to rush things. Most entrepreneurs are not patient; they sometimes focus only on what comes next, rather than where the company needs to go. Overnight success may take 5 years or more. Entrepreneurs need to stop, pause and plan again at several intervals. Take a step at a time!

Don’t be discouraged, you can learn some of these skills. Your eventual success depends on it.

See you at the top!

Motivated For The Self-Employed

5 Tricks To Stay Motivated For The Self-Employed

Working for oneself is an exciting prospect for most, but like any other job, it comes with it’s set of challenges. Often times, sole proprietors begin with a bang but begin to lose focus or motivation as time goes on. We thought it would be beneficial to our licensees, and anyone who works for themselves or in small groups, to outline some helpful tips to stay motivated, energetic, and productive.

1) Even if you’re not in an office environment, act like you are
Yes, one of the nice things about working for yourself is that ultimately, you are the boss. You decide when to start and end your day, what tasks to take on, what you’re going to wear, and so on. While this is a freeing concept, make sure that you’re treating your business with the respect that it deserves. Think about some of the structural aspects of an office setting and apply them to your business. Everything from getting up early to getting dressed, taking lunch to finishing up at certain time will help to keep you focused and motivated. Getting into the cycle of what a more traditional job requires will get you into a routine that encourages productivity.

2) Make a schedule
This may seem obvious, but laying out a schedule for yourself provides structure. If you’re not ready to schedule out each day, try starting with the upcoming week or even month. This is particularly important for those who tend to procrastinate (you know who you are). With a schedule, you’ll know what tasks you want to get done at what time and will help you to keep yourself accountable.

3) Set goals
Humans have a natural disposition toward demonstrating ability in achievement situations. Do yourself and your business a favor and set goals for yourself. With clear goals laid out, you will help yourself stay motivated to achieve those goals. Goals of all sizes are important: Small daily goals, moderate weekly goals, larger monthly goals, lofty annual goals. Your daily goals should help you achieve your weekly goals, which should help you achieve your monthly goals, and so on.

4) Reward yourself
To help hold yourself accountable to your schedule working toward your goals, reward yourself after you’ve made some progress. Simple rewards like finishing a task before taking lunch will help you work toward completing your daily goals. If you have a distraction that tempts you throughout the day like something on TV or just some fresh air, turn those distractions into rewards for your work. When you reward yourself, you’ll stay motivated while taking a positive approach to how you work.

5) Take action
Stop thinking and start doing! Once you’ve made a schedule and set goals for yourself, it’s time to execute. If you overthink what you should be doing then you’ll only end up procrastinating. The worst thing that can happen when you start doing is the possibility of failure, and you know what they say… “Failure is the seed of growth and success.” Allow yourself to have these learning opportunities. They will only further help you to achieve the goals that you’ve laid out for yourself. The more you learn about the processes you take, the easier they will become and the more effective you will become at working through them.

Being your own boss can be a daunting task only if you allow it to be. When you walk the walk, make a schedule for yourself, set goals, allow yourself to earn rewards, and act on your goals, you’ll be a more productive and happy entrepreneur.

Motivated Entrepreneurs

Motivated Entrepreneurs

Entrepreneurs are unique individuals that see something more in a product or service other than just its basic form. These individuals can see the unique qualities that can be shown to the world or they can create something out of nothing. These people have ideas that make others think, Wow! Although, how do they keep going? How do they find that motivation within themselves to get up every day, work those extremely long hours and strive for that moment of success with their idea? Motivation is crucial to any successful entrepreneur. It is the backbone to their drive and ambition to create an amazing service or product to share with their customers. Although, without the key component, self-motivation, to assist them to make it through and continue with their journey, there would be nothing to show for it.

Self-motivation has to be embedded in their thought process, emotions and actions. An entrepreneur knows what they are working towards daily. They keep the desire going for their idea with self-motivation and discipline. Entrepreneurs know where they want their end goal to be, or at least most of them do. Is this goal that they want to become millionaires or is it that they want to be the boss? Only the entrepreneurs themselves can decide that and strive as hard as they can for it. Entrepreneurs understand that there is no time to sit back and relax. This job will require everything they have, such as time, money, and all their efforts. As Niklas Zennstrom founder of Skype and Kazaa states, “If you want to be an entrepreneur, it’s not a job, it’s a lifestyle. It defines you. Forget about vacations, about going home at 6 pm – last thing at night you will send emails, first thing in the morning you’ll read emails, and you wake up in the middle of the night. But it’s hugely rewarding as you’re fulfilling something for yourself” (Kabbage, paragraph 102). This is an excellent example of the fight within an entrepreneur to keep going no matter how tough things may get throughout their idea’s journey.

An entrepreneur’s motivation is the stronghold that keeps them moving forward and not giving up on their goals. Our brains want us to achieve success, and they also allow negativity with the thoughts of not achieving our goals. As Dustin Wax with Lifehack states in The Science Of Setting Goals “According to research of psychologists, neurologists and other scientists, setting a goal invests ourselves into the target as if we’d already accomplished it” (Wax, paragraph 2). This shows that an entrepreneur’s goals are assisting in motivating his or her mind to continue striving toward his or her accomplishments. In conclusion, Motivation is key to making it. As Neil Patel states in his article The 7 Secrets Self-Motivated Entrepreneurs Know, “Self-motivation is one of the underlying forces that distinguish successful entrepreneurs from those who stagger from one neglected startup to another” (paragraph 27).

Entrepreneurs

Entrepreneurs, Are You Looking to Find Your Opportunity?

Not every opportunity is your opportunity! This is important to accept because once you become opportunity prone, it becomes easy to keep finding them.

As a skilled opportunity seeker, one learns to search for fundamental changes and resultant needs and challenges that it throws open. Change being so fundamental keeps taking place constantly thereby giving rise to opportunities.

While one person utilizes the opportunity and creates a flourishing enterprise, thousands of others fail miserably while trying to tap into the same opportunity.

This leads me to believe that much before business modelling or planning, it is important for an entrepreneur to find opportunities that connect both personally and professionally.

The Tier 1 (Entrepreneur) Visa is for those wishing to immigrate to the UK and use their expertise to start, take-over or join one or more businesses based in the UK.

One of the more confusing aspects of applying for a Tier 1 (Entrepreneur) visa is understanding the funding requirements. Depending on the migrants particular circumstances there are different options.

Three main options for raising the required funds

If you are looking to move to the UK on the UK Entrepreneur visa, you have three choices for raising the required funds:

Cash savings
Venture capital or UK Entrepreneurial seed funding competitions endorsed by the UK Trade and Investment

Money from one or more UK Government Departments or devolved Government Departments in Scotland, Wales or Northern Ireland

Cash: Family and Friends
You will need to have available £200,000 in cash savings. This can be raised by yourself or with the help of third parties. To prove that you have access to this money, you will need a letter from the institution holding the funds to confirm the money is available to you. The letter must:

Be an original
Be written on the organisation’s official stationary/letterhead
Have been issued by an authorised official of that institution
Be under 3 months old
Confirm that the institution is regulated by an appropriate body
State your name
State your account number
Be dated
Confirm that the money is available

If the money is not in a Financial Conduct Authority or Prudential Regulation Authority fund (basically, a British financial institution), the letter must state that the funds can be transferred to the UK.

You will only need to raise £50,000 if you’re raising the required funds for your Tier 1 (Entrepreneur) visa through any of these sources. To prove that you have access to these funds you will need to produce a recent letter from an accountant engaged by the venture capital firm who is a member of a recognised UK supervisory body confirming the amount of money has been granted to you or to the business which you are a director of, and so funds for which you have access to.

UK Government Departments

You will only need to raise £50,000 if you’re raising the required funds for your UK Entrepreneur visa. To prove that you have access to these funds you will need to produce a recent letter from an authorised official from a UK government department confirming the amount of money has been granted to you for carrying your business activities.

Bring Your Idea Alive

Bring Your Idea Alive

Business Idea

Virtually every business has started from an idea that has been put into practice by the actions of the individual. In this day and age with globalization and the digital world that we live in that business idea needs to be researched thoroughly to ensure that it has a good chance of it being a success.

Business Research

Once the idea seems feasible then the business research should start. The first mistake to make is to rush into that business without having a clear plan in place to launch the business.

On line Research

Find out what the international trends are and research the products and services that you have in mind through the internet. There are lots of ways of doing this and the first is to research companies that are doing a similar business. Establish what services they provide, what their delivery and payment terms are. How you can fit your idea into that and ways of offering something unique to give you the edge over your competitors.

The best way to find what the trends are is to join social media sites and establish if your business idea is trending through the various sites. Social media sites that use photos, and incorporate web sites is a sure way to conduct the business idea research because not only do you see what the trends are but how the different companies present and brand themselves.

If it is an idea that will not be used on line but a service or products within the a town or community one can still use the internet to confirm if the idea is a good one by seeing what response one will get through forums, social media and even blog. Search for companies within the idea that you might have on the social media sites as most of the modern companies advertise through social media as well. What makes this an effective way is that one can see how many followers there are for a particular company in that niche.

Research from other sources

Most countries have Institutions and resources in place for new entrepreneur to do their market research such as business schools, libraries and in some cases Universities. A good place to do research is at trade shows and see what is on display and how the public are receiving all the different new ideas being launched in the market. Reading business magazines because most industries have magazines that are used for advertising purposes.

Establishing the Business Plan

Once the research has been completed then the business plan can be done. By now one will have a very good idea what the competitors are offering and how the new venture can offer it’s products within that niche. Establishing the niche market is important as one does not want to waste time and finances on a market that would not respond positively to the particular idea.

The business plan at this stage will move into what is required to get the idea alive and start launching it. How much funds would be required to start the business and how quickly one would start seeing return on investment. These are important because if a startup is looking for funds the cash flow requirements are essential to operate daily.

The new venture will also need a clear plan in the business plan how the products or services will be launched. Either through advertising on the web, flyers, radio or TV. The startup will need to plan for a period of slow growth because most businesses take time and a lot of hard work to get to the stage where it is self-sustainable.

Be prepared

It is also important to be prepared for unforeseen stumbling blocks. If the startup thinks that after the research the plan is not going successful there should be contingency plans. Some people will scrap the idea completely but that is not necessarily the answer. In all businesses there needs to be changes of plan at times but as long as these risks have been thought through they can be managed and still present a successful solution.

Startups and Entrepreneur

As a startup the most daunting thing now that you have a good idea how you would like to launch it is to find the finance to put it all in place. As a startup the chances that you have enough cash to get the business operating is slim and therefore one needs to find an investor.

Investors are in this day and age easy but at the same time more difficult because of the many angel investors out there. The angel investors will probably find the startup first but if that happens be sure to do the due diligence of that particular investor. There would be nothing worse than getting your idea launched and then the investor is unable to support your project at a later stage. Do all the necessary PR and brand promotion even before you launch you idea.

To get an investor interested you not only need a sound business plan but also why the particular products or service will be successful. Make sure that you have a good pitch to sell the idea should you happen to come across someone who would like to invest in your idea.

To establish a goo

entrepreneur means

How Not to Fail As an Entrepreneur

To be an entrepreneur means to live in insecurity, to walk on a twin edged sword, if you are successful, you struggle to maintain it. If you fail to take off then you struggle to make your vision and dream successful. Entrepreneurship offers limitless possibilities to grow but it is also very demanding in terms of dedication and hard work. To sum it up, in entrepreneurship either your efforts are in the right direction or they are in completely wrong direction.

The question is, “why do entrepreneurs fail?” the business they started was something they envisioned themselves, it was their baby, their dream. Sadly, there is no set formula for success in business. There are certain things though that if taken into consideration reduces the chances of failure in business. The readers might ask if this is a scare tactics, but no, my friend, I have written this so you, as an entrepreneur can avoid the mistakes that can prove costly.

People start business with one sole purpose – to earn money. If we look around us, we notice hundreds of products, do we need one more? The answer to this question lies in the value addition. If the products add value to the existing value chain, they are welcome and they will make a market for themselves, but what if the product fails to add value? Then it might have to struggle a lot to gain foothold in the market. As an entrepreneur, your focus must be on creating value and not profits.

Successful companies are successful innovators; the zeal to create something extraordinary that brings smiles to the customer will be rewarded even in a highly competitive business environment. The business will find it very difficult to survive if it does not solve the problems of the fellow humans. We don’t have dearth of such people who pursued their zeal with passion. Steve Jobs, Bill Gates are innovators whose products changed the dynamics of the market. Their passion to innovate made a fortune for them. If you are starting a business, ask yourself “what am I doing that will make the world a better place?” If you don’t get answer, it is time to retrace your steps and think again.

An entrepreneur is always keen to listen, to learn. He encourages the people around him to think out of box. He understands the reasons and necessities of failures, he is not intrigued by success nor does he feel dejected on facing the failure. Today’s new age entrepreneur must be disciplined, must seek new knowledge and hone his skills to remain competitive yet innovative to achieve what he deserves, success. These traits will salvage him from the risks associated with business world.