Archive for the ‘Entrepreneurship’ Category

Entrepreneurship and Family business

What connects Mukesh Ambani, Laxmi Mittal, Anil Ambani, Azim Premji, Shashi and Ravi Ruia, Kushal Pal Singh, Savitri Jindal, Sunil Mittal, Kumar Birla and Gautam Adani… quit a quiz Brainstormer ,isn’t it? Well apart from the fact that all of them are a part of the top ten richest people in India list, there is also something very common between how all of them have accumulated their wealth. Answers anyone?

Yes, you are right my friend, Family Business it is. All of them have started, grown and risen through their diversified Family Businesses. Take the case of lakshmi Nivas Mittal, born into a business family of Rajasthan. He began his career working in the family’s steelmaking business in India and the rest is what they called “history”. Others like Azim Premji joined parental Business at 21 years of age, Shashi and Ravi Ruia had their inception into the big bad world of Business under the guidance of his father, the late Nand Kishore Ruia. Kumar Mangalam Birla hails from a Marwari business family from state of Rajasthan and Gautam Adani after his initial years of struggling tasted success by running and growing a plastics unit in Ahmedabad bought by his elder brother Mansukhbhai.

Not to forget other bright examples of the TATA, Godrej and Reliance, which all exemplify cases of Family Business managed at the most professional terms

Often, in the Media glare that foreign glitzy Corporate Houses enjoy, we forget the immense strength and limitless possibilities that Indian family businesses possess. So if you have a Family Business already and dream of growing it to a globally recognizes Corporation, we have the knowledge and mentorship expertise to convert your dreams into reality.

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The Journey Into Entrepreneurship; Starting A Small Business

For most of us there comes a day when we toy with the idea of starting a small business; work stress and frustrated career goals can often leave us thirsting for autonomy and starting a small business seems to fit the bill. But for those who are thinking of starting a small business, the road can be one of sacrifice and learning.

Before starting a small business do as much research as possible. Talk to other people who have started a small business and are willing to give you some guidance, read books by people who have a passion for entrepreneurship, and get online to read as much as possible about the ins and outs of starting a small business. On the Internet you'll also have access to advocacy organizations developed to help those starting a small business; as well as access to chat forums where you can learn from the experiences of others in your situation

Locally there should also be organizations that can help you in starting a small business. Look at the business advocacy groups in your local area that can offer guidance.

Gather as much information as you can and keep careful notes. Remember that this business will be a reflection of you and as such should mirror the philosophies to which you subscribe. Starting a small business is not the same for everyone; take your own special circumstances into account before beginning your journey.

Depending on the business you are starting, it may also be in your best interest to hire legal counsel. A lawyer can help you navigate the complexities of small business ownership and save you time and money further down the road.

Additionally, a lawyer who is well-versed in online commerce can help you establish an online presence if starting a small business for you includes an Internet component.

Also, if starting a small business for you means bringing on employees, a lawyer is essential to your success. Hiring employees opens you up to a whole new set of liabilities; save yourself any complications by having a lawyer by your side to protect you.

Starting a small business can be a wonderfully rewarding experience. Put your best foot forward by facing each challenge and arming yourself with knowledge. Careful research and meticulous planning will reward you with success and the greatest possibility of future and continued viability.

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Art Entrepreneurship: Showing you Care

What status is art at this time? Is it being held in high regard throughout the country? Is it as important as it should be? Art entrepreneurship is a lucrative business proposition for the artist and the business person. But, where do you take it? Where can it go? The wave of the future is in art workshop centers and you can take it virtually anywhere.

When times get tough throughout the world, people are in distress over wars, hurricanes, destruction and chaos. What do they turn to for their relief? Art is always the answer. Whether an artist composes a song, writes a book or paints a painting, artistic expression is the balm that soothes all ailments. As an entrepreneur, you can care and you can show that you care. An art workshop center is exactly what your community needs.

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Entrepreneurship: The Super Career Of The 21st Century

Your job no longer comes with a guarantee.

Yes, that is right, you might have been taught that if you work hard, study for a professional occupation, and score high grades, your future is set. Nothing can harm you. You get a job with your beautiful education and a good salary, and after 40 - 50 years of working, you retire happy and do anything you want.

Let us look at the facts: Millions of people are laid off work yearly. Some industries, like the record industry, were completely obsolete overnight. Thousands of skilled senior executives and middle managers are losing their jobs. Some students even find themselves unemployed when they finish their courses.

Income and retirement isn't looking too good either. Nowadays both husband and wife have to work to maintain a descent lifestyle. Statistics show that 95% of all people at age 65 are either dead, or dead broke, and that it is only 6% of the population that is financially independent ... and only 1% of those can be considered wealthy.

In the 90's people turned to small business as an opportunity to create the best economic return available. Most people who venture into their own business are the so-called "Baby Boomers" - people between the ages of 30 and 50. These Boomers represent a third of the population and they are leading the way to make entrepreneurship the Super Career of the 21st century.

Buying a franchise was also seen as a viable option. A franchise is a safe business structure as it has proven systems in place for generating and keeping business.

Women who are disillusioned with climbing the corporate ladder started a new trend in creating home businesses which they can work around their already busy schedules as mothers.

For these entrepreneurs who are looking to start a small business from home, Network Marketing offers many attractive characteristics, including low capital risk and the ease of operation. Unlike traditional small businesses, Network Marketing requires no expensive legal, financial or accounting services, low maintenance or overheads, no employees, advanced education or start up money.

In most cases the only requirements for success in Network Marketing are: A strong desire, integrity, attitude and action.

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