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Enjoy Business and People

Passion is the most essential element in business. it ranks top on entrepreneurs check-list  Now listen carefully, before you throw your job in your boss’s face, consider next whether you have and enthusiasm for the idea of running a business. Of striking deals like Donald Trump with suppliers. Of handling technology problems,invoicing snags. handling poring spreadsheets and being occasionally slapped by customers who woke up from the wrong side of the bed. And that is just the beginning.

Does these thought excite you or horrify you?

There is more to it than just enjoying the world of business.

Probably of more importance is having an appetite for engaging with other people. This is because entrepreneurship is fundamentally about people and relationships. Its about forging social connections with investors,suppliers, employees, customers, and even competitors.

Even with the best business plan investors are only going to stump up funds if they trust you to deliver on your plan. Suppliers need to understand you vision. Employees need some persuading to join your little start-up outfit rather than some established firms like Apple. It goes without saying that customers will need some more convincing to buy your products or services. In addition it wouldn’t hurt to have a friendly relationship with competitors to keep up with new trends in your industry.

If all of that communicating and negotiating, and influencing and persuading sounds like your idea of hell, then entrepreneurship is not for you. Stay with your boss still or find a more comfortable firm to stay with. No harm. Avoid having to get your hands dirty with horrible responsibility of financial goings-on and business decisions, and dealing with people on daily bases.

If all this still hasn’t put you off. Venture and keep coming to this blog. like us on facebook now

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Law of Business Success

This law is a powerful law and it is capable of improving or completing destroying your business. No wonder they said that whatever you truly believe with feeling becomes your  reality. You belief acts like filter for information that is inconsistent with them. In one of my my poems  “Believe’” I talked about the power of believe along with its good and bad side. You reject information that contradicts what you have already decided to believe, whether or not your beliefs, your prejudice are based  on facts  or fantasy.

The worst belief you can have  are “self-limiting beliefs” these occurs whenever you believe yourself to be limited in some way, so  you have to be careful with  your belief even in your business.

Self limiting beliefs could be thinking that others are superior to you in some  way, that  your business w ill never g row. These  self-limiting beliefs act like brakes on your potentials; they hold you back and generate the two greatest enemy of success which are- doubt and fear. These enemies luck you up and your daily with paralysis of the mind i.e. cause you to hesitate to take intelligent risk in business.

To break from the shackles of this limiting belief you must reflect any though or suggestion that you are limited in any way. Accept the belief that you are “no limit” person.

Sometime ago, I fell into the mental trap that if you are faced constantly with problems so numerous that you tend to ask, God why me? It means that your sins are after you or God is no more with you. This belief stayed with me for years till I broke out. I realized that God does not punish us and that He was loves us. Well don’t start thinking that I am a pastor right now but I am just telling you what held me back and made me wet my bed because it limited me badly.

The fact remains that nobody is better than you and that is what you belief could cause great harm on you. To win you most challenge every self limiting beliefs that are holding   you back weather in business, peer group, at home, office or in your community. You need  an honest feedback of someone who knows you well. Meet someone who know you well, it could be you dad, mm, best friend. Ask the person if he or she sees what might be causing you to perform below your potential its. What you might get may pierce your heart painfully but it is mid from doubt and fear. Don’t be scared even though they are vampires, the magic sword, cross or even the so-called holy water is there along with the silver bullets. So aim fire and killed that vampire that is limiting you. Both is your personal life and business

THE FEMALE ENTREPRENEUR

 Female entrepreneur? Well, I think that is fun because as never before, females are becoming a part of the entrepreneurial loom both here in Nigeria and worldwide. The reasons and contributing factors for this are numerous, but it is changing the fact f business. Even the bible had some women who thrived in business. Hope you allowed. So let me show you some example; in Acts 16:14, you can read it up but I will paraphrase it. It said, “And a certain woman named Lydia, a dealer in purple cloth.”

        This is interesting but here is another in Luke 8:3, “Joanna the wife of Cuza, the manager of Herod’s household:  Susanna and many others. These women were helping to support them out of their own means.” She was good.

Here is the fact, the 2006 Global Entrepreneurship Monitor (GEM). Report on women and Entrepreneurship revealed some interesting characteristics of women route to self-employment.

Female entrepreneurs worldwide are much more likely than their male entrepreneurs to start their own business when still employed. The question is does this have any benefit to turns of resources and social capital? The answer is yes it does and  not that, it acts as a safety net as  out female folks express less confidence in their entrepreneurial ventures than men.

The report showed that early stage entrepreneurship in women continues to grow globally although start up rate is still higher among men. Now if you are a man reading this, I want you to give THEM a cool SARCASM LAGHTER because we are still on top. They aren’t gonna catch up with us. Isn’t that right?

For the ladies no offense meant just relax and laugh back. It your turn because the report also that more than a third of people involved in entrepreneurial activity are woman. Here is the big blow that we the male folks gave them, the male/ female gap is still significant especially is high income countries and technology-intense sectors.

According to the National foundation for women Business Owners:

v Women-owned business produced more than and 16 trillion is annual sales.

v Women now own 36% of all US firms.

v Business owned by women has a higher survival rate than the average U.S business.

This is good news, isn’t it? If you are a female reading this good news for something blog say, “Yeeh! Yeeh! That’s Okay for before the male folks gets angry and that engagement will be lost.

Oh my! I have a business meeting to attend to but I need a glass of coffee from you to celebrate these women that had made it in business as entrepreneur that will come up on my next blog.  For now I need my cup of coffee.

9 Types of entrepreneur personality

 

1. The Improver: If you operate your business predominately in the improver mode, you are focused on using your company as a means to improve the world. Your overarching motto is: morally correct companies will be rewarded working on a noble cause. Improvers have an unwavering ability to run their business with high integrity and ethics.

Personality Alert: Be aware of your tendency to be a perfectionist and over-critical of employees and customers.

Entrepreneur example: Anita Roddick, Founder of The Body Shop.

2. The Advisor: This business personality type will provide an extremely high level of assistance and advice to customers. The advisor’s motto is: the customer is right and we must do everything to please them. Companies built by advisors become customer focused.

Personality Alert: Advisors can become totally focused on the needs of their business and customers that they may ignore their own needs and ultimately burn out.

Entrepreneur example: John W. Nordstrom, Founder Nordstrom.

3. The Superstar: Here the business is centered on the charisma and high energy of the Superstar CEO. This personality often will cause you to build your business around your own personal brand. Mind your we are not talking of superheroes

Personality Alert: Can be too competitive and workaholics.

Entrepreneur example: Donald Trump, CEO of Trump Hotels & Casino Resorts.

4. The Artist: This business personality is the reserved but highly creative type. Often found in businesses demanding creativity such as web design and ad agencies. As an artist type you’ll tend to build your business around the unique creativity and talents you have.

Personality Alert: You may be overly sensitive to your customer’s responses even if the feedback is constructive. Let go the negative self-image.

5. The Visionary: A business built by a Visionary will often be based on the future vision and thoughts of the founder. You will have a high degree of curiosity to understand the world around you and will set-up plans to avoid the landmines.

Personality Alert: Visionaries can be too focused on the dream with little focus on reality. Action must precede vision.

Entrepreneurial example: Bill Gates, Founder of MicroSoft Inc.

6. The Analyst: If you run a business as an Analyst, your company is focus on fixing problems in a systematic way. Often the basis for science, engineering or computer firms, Analyst companies excel at problem solving.

Personality Alert: Be aware of analysis paralysis. Work on trusting others.

Entrepreneurial example: Intel Founder, Gordon Moore.

7. The Fireball: A business owned and operated by a Fireball is full of life, energy and optimism. Your company is life-energizing and makes customers feel the company has a get it done attitude in a fun playful manner.

Personality Alert: You may over commit your teams and act to impulsively. Balance your impulsiveness with business planning.

Entrepreneurial example: Malcolm Forbes, Publisher, Forbes Magazine.

8. The Hero: You have an incredible will and ability to lead the world and your business through any challenge. You are the essence of entrepreneurship and can assemble great companies.

Personality Alert: Over promising and using force full tactics to get your way will not work long term. To be successful, trust your leadership skills to help others find their way.

Entrepreneurial example: Jack Welch, CEO GE.

9. The Healer: If you are a Healer, you provide nurturing and harmony to your business. You have an uncanny ability to survive and persist with an inner calm.

Personality Alert: Because of your caring, healing attitude toward your business, you may avoid outside realities and use wishful thinking. Use scenario planning to prepare for turmoil.

Entrepreneurial example: Ben Cohen, Co-Founder Of Ben & Jerry’s Ice Cream.

Each business personality type can succeed in the business environment if you stay true to your character. Knowing firmly what your strong traits are can act as a compass for your small business. If you are building a team, this insight is invaluable. For the solo business owners, understand that you may need outside help to balance your business personality.