Redessociales

Practical Instruction In The Arts & Sciences Of Making Money.

How often have you either referred to or considered the expression, “Success is a journey and not a Destination?” Probably many times, yet often being in a hurry to get there, we forget that success is not an end unto itself, but is instead an ongoing process.

Though some people seem to have the Midas touch and easily turn everything to gold, most of us have to give our endeavors lots of time, effort and the sweat of our brow before seeing things come to fruition. The simple truth is that the majority of us are simply not born leaders, but become leaders by who we are and the actions we take. Consequently, whether or not you’re an established entrepreneur or just starting out on your journey, there are particular traits you’ll usually find operating within the exceptional women entrepreneur. In fact there are 7 particular traits you’ll generally discover deeply embedded within the exceptional and successful businesswoman.

If you’ve already taken the plunge as an entrepreneur, you know that it takes a great deal of planning, development and strategic marketing to succeed. At any given time, there are changes to be considered and new directions to examine. In which case, whether you’re the CEO, CFO, Chief Marketer or Chief Solutions Officer of your company, your journey to success is probably full of trials and tribulations.

To support you in your journey to success, be willing to open your mind and sense of reasoning as you consider whether these traits are part of your driving force. If they are not yet ingrained within you, I recommend that you give them some thought.

THE 7 TRAITS TO SUCCESS

1) Successful Entrepreneurs Gain the Respect of their Peers

Michael Gerber wrote a very popular book entitled The E-Myth Revisited about the myths of entrepreneurship. He explained that entrepreneurs must have three skills to win. Gerber claimed that entrepreneurs must possess and execute the technical, the managerial, and the visionary skills to succeed as an entrepreneur by creating a successful business.

I believe that Gerber was only partially correct. He leaves readers with the impression that the entrepreneur (alone) must consistently possess and exercise all three of these skills for the business to succeed, and for the entrepreneur to win. I believe that the key distinction is that the three skills represent the three FUNCTIONS of the business that must be completed for the business to succeed. I believe that the entrepreneur does not have to perform all three functions personally. In fact, I am convinced that the business and the entrepreneur will be more successful if the entrepreneur DOES NOT personally perform all three functions.

A business is like a chain. It is only as successful as the weakest link in the chain. The three links to any business chain are the technical function, the management function and the visionary function. The success of a business will rarely exceed the level of poorest execution of the three functions. For example, if the entrepreneur performs the technical and visionary functions at an excellent level, but performs the management function at a poor level, the business success will rarely rise above the poor management level. Therein lies the dilemma. The business is limited to the lowest level at which these three functions are performed. Yet, it is extremely unlikely that any one person, in this case the lone entrepreneur, can exercise all three functions to a high enough level at one time to generate the expected business success. Hence, businesses where the entrepreneur must personally exercise all three functions will rarely succeed. Let’s look further at each of the business functions to learn why this is true.

Entrepreneur
How To Choose Your Rights Organization As An Entrepreneur

When resolving to venture out into the broad world of business, you will first want to pick an ownership organization that will efficiently match the requirements of your business, plus protect yourself and your private assets. Opt for a unique proprietorship, alliance, limited alliance, limited liability company (LLC), corporation (for profit), nonprofit corporation (not for profit), or cooperative organizations. Confirm you do your research on every one, as one minor variation from one organization to another could be the key aspect that prevents creditors from hunt your private property in case your business collapses. Examine brief accounts of the most common structures to identify what will best suit your entrepreneur effort. Remember these are just a few of the alternatives out there.

Single Proprietorship: A unique proprietorship is a one-person enterprise that is not registered with the state. You don’t need to do anything special or keep any papers to organize a unique proprietorship—you start one omly by going into business by yourself. Legitimately, a unique proprietorship is indivisible from its proprietor. You and the enterprise are one and equal, denoting you state business income and debits on your own tax return and are independently liable for any business-related responsibilities, such as debts or court judgments.

Alliance: Likewise, an alliance is simply a company owned by two or more persons who haven’t reported papers with the state. An association is formed as soon as you start a company with another entrepreneur. The association’s proprietors pay taxes on their shares of the business profits on their own tax returns and they are each independently liable for the entire quantity of any business debts and accusations. Single proprietorships and associations are good for an entrepreneur with a small service business in which you are seldom prosecuted, and for which you will not be asking for a lot of money.

During the current economic climate, there are factors that entrepreneurs look at more closely when it comes to starting up a business. The “where” and “how much” factors become a bigger part of the decision, as one looks to trim any unnecessary cost factors. Gone are the days where if you were technology based, you’d set up in Silicon Valley or if you needed to network with business contacts – set up shop in New York. Ironically, thanks to modern day technology, you can set up in a much wider range of locations.

Entrepreneurs look at factors like the ease of recruitment, and as a result – have looked into the central states of the US, such as Colorado, where the workforce is well educated, quality of life is good, and cost of living is a big step lower than on the coasts.

With hopes up about stabilisation of the economy, this is a great opportunity for aspiring entrepreneurs and small business start ups alike to take things to the next level. Over the last few years, several angel groups and individual investors have started to set up shop in cities like St. Louis (such as the Arch Angel Investor Network), again bucking the general trends.

On the Central Investment Network – entrepreneurs in the Central states of the US get another chance to connect with angel investors. Members can get their business ideas and plans out to hundreds of local investors – and since Central Investment Network is part of the Angel Investment Network, members can connect with thousands of other investors from around the world. In fact the network grows continuously, with branches in over 40 countries and investments occurring both on a local and international basis.