Archive for the ‘Entrepreneurship’ Category

Entrepreneurship ? Born With It Or Learned?

Maybe you have wondered how successful entrepreneurs got that entrepreneurial killer instinct. They see opportunities and capitalize on them. Are those people born with it or is it a skill that can be learned?

There are probably some people where it runs in their veins, but I know that I am not like that. My shift from working for large coporations to entrepreneurship has been a bumpy ride. However, I am sure that, as long as you learn from your mistakes and you have a lot of desire to start a business of your own, you can make a success of owning and running a business.

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Corporate Entrepreneurship

Corporations are a vital part of an economy. So are foundations, government, and faith based initiatives. In corporations employees are starving for a new direction to create a new economy and adapt. Corporations are largely responsible for more business transparency because of the push for information technology (IT) and access to relevant information. Look at what information can be gathered from a Google search and now we can go directly to the consumer via Twitter and most importantly made our voices heard to produce positive change.

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Implementing Entrepreneurship Management Skills

With the number of home based businesses growing and even more people looking for ways to earn significant income within the walls of their own homes, there has never been a more prudent time to master the skills that are part of entrepreneurship management. This is because the ability to effectively manage a home business makes it infinitely more likely to become a successful and profitable enterprise.

Managing Yourself – Harder Than Managing Others?

Some people look at the concept of home business and mistakenly assume that managing this king of an office is all cupcakes and butterflies. Yes, it can be a lot easier to eliminate the headaches of working for someone else, but the fact is that it also requires self-discipline and a strong work ethic to make a successful home business work optimally.

People who are unable to manage themselves – sometimes the most challenging task of all! – will have a hard time achieving the most from their home business opportunity. This is one of the primary parts of becoming an effective user of entrepreneurship management principles.

Keeping Track Of The Details

The best managers of their own home business opportunities are able to keep track of the details that surround their business, ranging from nuts and bolts to important concepts. The good news here is that there are many ways to keep excellent track of these things, based solely on the implementation of technology and the internet. With this ability, it becomes quite simple to manage even a surprising number of tasks in a very short time.

Some people find it easier to rely on others (a personal assistant or a secretary) to manage these details, but the simple fact is that this requires money. On the good side, your computer can easily manage most of the tasks formerly tackled by an employee, making it far easier to get things accomplished than while flying solo.

Managing More In Less Time

There are countless examples of entrepreneur managers accomplishing amazing levels of financial profitability with their own home business… and doing so on their own, with only the input of a designated coach or mentor to guide them along!

This is a tribute to the efficacy of people who take the time to learn, implement, and fully master the skills that make a budding entrepreneur into a great entrepreneur. This is truly excellent management, whether the team has one person or one hundred!

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Flowers, grave care and Indiana: A new kind of entrepreneurship?

There is a new type of entrepreneurship that is sweeping the United States in the wake of terrible economies. Recently, an Indianapolis, Indiana couple started a new business venture, Tombstones and Daisies. They offer grave tending services such as flower placement, headstone clean up and grave site maintenance. The target market for this grave site maintenance service is people who have friends or loved ones buried far away. Many people have moved to different areas of the country, but still want someone near Indianapolis to help them with remembrances.

This type of out of the box thinking is an example of American ingenuity in the face of tough economic times. Who would have thought there would be a market for this kind of service? Obviously, this couple did. They are indicative of a wave of people that have been hit hard by tough economic times. These folks have two choices. They can refuse to become victims and try to create their own security, or they can give up and try to let an already bankrupt federal government entitlement system try to take care of them.

With high unemployment in most parts of the US, many people are turning to the creation of their own jobs. Unemployment benefits are not enough to keep the credit wolves away from the door, and they expire after a limited time. It's estimated that 35% of those out of work don't show up in unemployment statistics. They've either dropped off the benefit rolls or were independent contractors to begin with.

Many of these unemployed have skills that make them perfect candidates for entrepreneurship. In the case of the Indiana couple, he was in the radio sales management and marketing business for over 30 years. His ability to promote a new service business is invaluable. She has a Masters Degree and was the chief financial officer of a small business corporation. As a team, they are building a business that they hope will offer replacement of some of their security in turbulent times.

Time will tell if the central Indiana couple are right about the market for a grave tending business. Who knows whether a business of grave site maintenance and flower placement on tombstones will be the next sustainable, "green business" opportunity. I wouldn't bet against them. They represent the type of small business that is the backbone of the United States.

One thing is certain about the creation of a small businesses. People around the United States are resilient. Many are not afraid to try new things, in order to make a living and enjoy their work. Hard economic times have always seemed to bring out the best qualities in people. When the US comes out of it's recession, part of the credit will go to those individuals who refused to become victims, when faced with hardship. They will be part of the wave of new businesses that keep people off welfare rolls and earning their own way.

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