6 ESSENTIAL ATTRIBUTES OF SUCCESSFUL ENTREPRENEURS

In one way or the other everyone is an entrepreneur, but do you have what it takes to be a successful entrepreneur?

Entrepreneurship is a popular aim these days and no two entrepreneurs can have same characteristics but there are some usual traits which defines a successful entrepreneur.

Let’s look at those traits of success:

1. Ambition: “A dream without ambition is like a car without gas; you are not going anywhere”-Sean Hampton. The starting point of all achievement is an ambition. Big results require big ambitions and entrepreneurs know this very well.

2. Passion: Nothing great was ever achieved without enthusiasm. If they don’t enjoy what they are doing they will be inclining towards stress and at the end it may become the reason for their collapse. And they know that passion is the genesis of genius.

3. Risk Taking Capacity: Those who don’t take chances don’t make advances! So true is that!! There is no risk free business. Entrepreneurs have the courage to take risks on daily basis. Take a risk, take a chance and make a change!!

4. Confidence: Confidence comes not from always being right but from not fearing to be wrong. Being confident helps them to walk that extra mile of success.

5. Problem Solving Ability: They are an astute entrepreneur so that they can resolve the issues efficiently and quickly and act accordingly. As they say a problem is a chance for you to do your best.

6. Patience: No great thing is suddenly created! Just because something isn’t happening with you right now doesn’t mean that it will never happen. Successful entrepreneurs know that all great things take time and aren’t impeded when their ideas don’t take off immediately.

9 ASTOUNDING WAYS TO WIN STARTUP INVESTORS

So there you are!

Are you thinking of starting a business but worried about funding? The good news is with a little planning you can pitch the investor for your awesome idea of business. Here are amazing ways to help you win over potential investors:

Have A Real Business: The best way to start is by having a well structured business plan that lays out every detail of your idea.

Watch Your Concept: Know your business thoroughly and be prepared to explain the problems your business solves and its benefits to customers.

Know Your Investors: Investors look for these things: idea of your business, people behind that idea and answer to the question, how will I get my money back? And know that these three are mutually exhaustive events! So you need to get a three for three for these points.

Identify Your Market: Assess the market and potential of your idea. Take in-depth knowledge of your competitors to perform a competitive assessment.

Never Cold Call an Investor: The best way to reach an investor is getting introduced by someone they do know or through a mutual connection. And if that doesn’t work connect to them through emails; giving a summary of who you are and what your business idea is all about.

Follow the 10/20/30 Rule Of PowerPoint: the rule states that your presentation should only be 10 slides, last no more than 20 minutes and use a font that is at least 30 points.

Be Captivating: If you are vehement, sincere and honest, they will notice it. They can spot the typical traits of an entrepreneur! So beware and show them those traits.

Seek Some Words Of Advice: Investors can already be a founder of many startups so ask them for advice and prick your ears up for their words.

Be Consequential: Last but not the least; be serious and show that you are operating so that you can prove that ‘dogs are already eating the food’. Trust me it works!

So what are you waiting for? You are starting a business dude! Go ahead and get your funding!!

WHY CONTENT IS KING

Yes, it’s not just a catchy saying, it’s a fact! Everyone talks about how much content is important but no one has ever thought that why it is critically important.

We all know that before the internet generation knowledge was power but today it’s all together a different scene. In today’s scenario knowledge itself is not power but sharing of knowledge is. Content is not just string of words; well written content has many benefits.

In this digital era, the great thing about content is that, if people find it valuable they tend to share it more on social networking sites or it can become a word of mouth for your website.

Quality content can help you to distinguish yourself from others.

Content writing has become one of the major marketing strategies. In online space it plays a vital role for marketing your website, products or services.

Google has made it clear, that if you write quality content, then you are delivering people valuable, useful and relevant information. So that people will love your content and will link back to it.

To convince you here are the more reasons, what content writing can do to your website:

• Attract Search Engines To Your Sites:Yes you heard it right; quality content can help you rank your page higher on search engine page.
• Provide Information To Your Readers
• Add Value To Your Site and hence Increase Traffic
• Add value to visuals of your website
• Improves website ROI
• The ability to convey your message in your tone

So whichever way you choose to build your content, remember good content isn’t about good storytelling, it’s about telling a true story well!

So go ahead and create some quality content and rest is just icing on the cake!!

Do share any content writing tips if you have!!

7 INGREDIENTS OF A BUSINESS PLAN

Does your business plan tell the story of your business? If not, here is the answer! To express the idea of your business you need a business plan that fits your exact business needs. You start today with certain resources, you want to get to a better tomorrow, at which your business will be having different set of resources. So it should describe, how will you get from here to there?

Here are the essentials:

EXECUTIVE SUMMARY:

This summary is the doorway to your business plan. This is the most important section of your plan. So jot it down in a manner so that it can grab your reader’s attention and let them know why they should read the rest of your plan. This includes all the key points of your complete plan and hence should be the last point in your list.

BUSINESS DESCRIPTION:

It includes the short description of the industry. It must summarize the vision and what you wish to deliver to your market.

MARKET STRATEGIES:

Market strategies are the result of market analysis. This section should describe your target audience including demographics, market trends and market growth.

COMPETITIVE ANALYSIS:

Know your competitors and determine the strengths and weaknesses of their business, and write the strategies that can provide you with the distinctive advantages over them.

PRODUCTS AND SERVICES:

 Under this section describe your products and services. Describe your product design, development budget.

OPERATIONS AND MANAGEMENT PLAN:

This section should describe the members of your team. Explain how you and your team will execute the vision for this business and how it will prove to be the right team for the taking your business to the path of victory.

FINANCIAL SUMMARY:

Describe your financial strategy and how it supports your projected growth. Include projected cash flow, profit and loss and balance sheets.

So what are you waiting for? It’s time to roll up your sleeves and get everything down on paper!!