The decision to expand a business

8 June 2009 - 18:05

Many forms exist to expand or to let grow a business, for example, we can do it through the opening of the new premises, create new channels or points of sale, direct our products to new segments of market, take the decision to export, etc.

But the problem arises when there has been no a suitable planning, and suddenly the industralist is without the resources or the capacity necessary to sustain this growth.

For example, suddenly no longer he counts on the financing necessary to acquire the asked for merchandize, does not count on the productive capacity to take care of the new demand, does not occur supply to take care of the new clients, does not count on the knowledge or the experience necessary to do against the new requirements, etc.

Reason why before making the decision to expand or to let grow a business, it is necessary to carry out a good planning that, among other things, allows us to know if we counted on the resources and the capacity necessary to maintain this growth.

Labels: Entrepreneurs, Management of businesses

Published in Entrepreneurs, Management of businesses | 2 Commentaries”

Advice of Donald Trump to achieve the success

12 May 2009 - 18:13

This is a list of the best advice to achieve the success offered by Donald Trump in his blog of businesses.

1. It thinks about great: if of all ways you are going to have to think, more bond to think about great; it begins taking small steps, but always proyéctate in great.

2. I know positive: mantente always in positive, happens what happens, avoids all thought or negative emotion.

3. It follows your passion: dedícate to always do what mistresses, look for to be enthusiastic and mantén the enthusiasm.

4. She learns something new every day: she reads, infórmate, she learns, she knows the rules the business, dominates what you do.

5. She follows your intuition: she always trusts your own instincts.

6. I know patient: the success hardly arrives from a little while at another one, to obtain it is needed it tenacity and patience.

7. Pon always a great equipment behind you: rodéate of people who know more than you in their areas, and who together complement and form a great equipment.

Labels: Advice, Entrepreneurs

Published in Entrepreneurs | 1 Commentario”

10 keys to achieve the success of Donald Trump

4 May 2009 - 19:41

Donald Trump, North American multimillionaire, owner of several businesses and investments in different parts from the world, are indicated to offer us to keys or advice on businesses and how achieveing the success; we see next 10 of them, taken from one of its recordings:

1. To be concientious

Before making the decision to be great, it is necessary to construct good foundations, that is to say, it is necessary to analyze the things well, to consider until the minimum detail and not to leave anything at random. One is never due to say: perhaps “good it works, perhaps no, but we try”, but to diminish all the risk possible and to make sure that well the things will come out.

2. To generate the “momentum” and to maintain it in movement

Not only it is necessary to have good ideas, but also, the energy necessary to cause that these become reality, even though it can take long time. To have patience is not sufficient, is necessary to create the “momentum” and to maintain it in movement, it is what it is needed so that the things happen.

Labels: Advice, Entrepreneurs

Published in Entrepreneurs | 3 Commentaries”

The negative aspects to initiate an own business

20 April 2009 - 19:03

Many people advise to initiate an own business, speak on the advantages to have a business in comparison to have a use, of the great benefits that could be obtained, etc.; but what many do not mention they are the negative aspects to mount and to manage an own business, unforeseen expenses or difficulties that could happen, or the disadvantages that it presents/displays in comparison to have a use.

To create an own business would seem to be the best option to generate income before to look for a use, nevertheless, we do not have to think that to mount and to administer a business he is something simple, we always must consider the negative aspects, mainly if we have thought to let our use to initiate our company.

In order to begin, one says that when having an own business, one will be its own head; nevertheless, it is not absolutely certain, perhaps one no longer has like head to a person in a hierarchic level superior that is issuing orders or supervising its work to him, but now will have like heads to its suppliers, their bank, the office of taxes and, mainly, to its clients, who by the way, will be very demanding and implacable heads.

Labels: Entrepreneurs

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Advantages to have an own business in comparison to have a use

1 April 2009 - 20:22

We see which are the advantages or benefits that present/display to have an own business in comparison to have a use:

Possibility of obtaining great sums of money

To have an own business gives one the possibility of obtaining income according to its capacity and effort; unlike to have use, where one is limited the pay that has been assigned to him, which often is determined by people who do not recognize the true performance of one.

Besides it, when having an own business, one generates money that goes in greater part towards one same one, unlike a use, where the greater percentage of money than generates a worker, it goes directed to the pockets of other people.

The majority of the rich people in the world began their way to the wealth creating their own businesses.

Greater free time

Having an own business grants to him to one a greater free time, but as long as it has capacity to create a good system of business, and the ability to contract the indicated personnel, and to know how to delegate authority to them.

Labels: Entrepreneurs

Published in Entrepreneurs | No commentary”

Reasons by which bankruptcy a business

27 March 2009 - 17:20

The encouraging statistics are not nothing, these indicate that 8 of each 10 new businesses close or break before the 3 years.

We see next which are the main reasons for which a new business fails before turning these 3 years, and some advice who help us to do against each of them.

Lack of experience

The main reason for the failure in the new businesses is the lack of experience, many entrepreneurs are sent to mount a business without counting on the due experience or qualification, or in the creation and management of businesses generally, or in the type of business that create.

The recommendation is that if we did not tell on sufficient experience, it does not have to be reason not to initiate our business, because we can compensate this lack of experience with a good preparation, or associating or advising to us to us people who have yes it, and that can help or advise us in our business.

Labels: Entrepreneurs

Published in Entrepreneurs | No commentary”

50 reasons to have an own business

26 March 2009 - 17:31

These are 50 reasons for which a person can be decided to mount her own business.

Remembering them can serve to us as it imposed to decide to us in one go to mount our own company and, later, as motivation to follow ahead, and to achieve the success.

We see which these reasons:

• to be its own head.
• not to have to be receiving orders of other people.
• not to have to render accounts to him to a superior.
• not to have to feel less than nobody, and to watch all the same.
• to have estatus and recognition.
• to have the satisfaction to create something by its own account.

Labels: Entrepreneurs

Published in Entrepreneurs | 1 Commentario”

To be owner of our business or an employee of this one

8 March 2009 - 14:42

Many industralists fall in the error to finish being used of their business and, which is worse still, they finish being enslaved of this one.

They create a business and little by little they are put so much in him, that the business finishes following the presence of the industralist, who cannot leave or be absented for a long time, because the risk runs of which the business stops working.

What finally he generates that the industralist finishes every day being enslaved of his business, working, to all hour, without free time to dedicate it to his family or to create new businesses.

Being able even, to finish overwhelmed by its work, which could originate stress, bad decisions and, finally, the closing of the business.

Then the recommendation is that we avoid being used or enslaved of our businesses.

When initiating a business, one must do of everything, must act all as and work the 24 hours of the day.

But little by little it must be able to design a business system that works efficiently, and that does not depend on a single person, but of a group of people.

Labels: Advice, Entrepreneurs

Published in Entrepreneurs | No commentary”