Archive for the ‘Entrepreneurship’ Category

10 Quotes from Entrepreneurial Genius That Might Change Your Life

Posted on September 5, 2009 in Entrepreneurship with 1 Comment

Below are some of the quotes from all time famous entrepreneurs destined for people who are ready to pursue their dreams. Henry Ford(Ford Motor Company): Whether you think you can or think you can’t, you’re right. Gabrielle(Coco) Chanel(House of Chanel): Synthesize to Success by attacking Weakness. Jean Paul Getty(Oil Tycoon): Test the Limits – Big [...]

Is Age a Factor in Becoming an Entrepreneur?

Posted on September 4, 2009 in Entrepreneurship with No Comments

Age does play an important role in starting a venture. Many successful entrepreneurs began early in life and gained experience as they went along. Some people begin their ventures a bit late after having saved some money to invest. Whatever said and done it is better to start as early as possible and the growth [...]

Top 5 Mistakes An Entrepreneur Makes

Posted on September 1, 2009 in Entrepreneurship with No Comments

An entrepreneur is also prone to make mistakes in running his or her venture. After all, he or she is human. But making mistakes in business can prove to be an expensive affair. Lot of money is involved. Organizing a business venture requires skills and talent to ensure that profits flow in easily. A businessman [...]

How Entrepreneurs help Alleviate Poverty?

Posted on September 1, 2009 in Entrepreneurship with No Comments

Businessman or women have also social commitments apart from running their business establishments. They like to share their profits with the less fortunate. It is not being condescending. Some businessmen or women do have concern for the poor. Of course, at times such acts are done as part of their tax relief measures. In many [...]

Top 5 major Risk Factors of an Entrepreneur

Posted on August 31, 2009 in Entrepreneurship with No Comments

Business is a risky venture. Unless and until an entrepreneur takes risk, he or she cannot make profits. Win or lose is the name of the game. A businessman or woman can either make a success of his or her venture or suffer from many losses. Risks have to be taken by businessman or woman. [...]

Top 7 Personal Competencies of an Entrepreneur

Posted on August 25, 2009 in Entrepreneurship with 2 Comments

An entrepreneur has to have certain cultivated and inherent qualities in him or her in order to make a success of his or her venture. Not any person can be a successful businessman or woman. Hard work and determination to win have made many successful business people to reach their aspired goals. Personal competencies of [...]

Top 5 Contributions of Entrepreneurship in Society

Posted on August 22, 2009 in Entrepreneurship with 1 Comment

Entrepreneurs have much to give to society. Their contribution to the welfare of society is of high order. A business person apart from making money for him or herself also helps the society in many ways financially and socially. Financially, of course the respective country benefits by the business carried out by entrepreneurs. At the [...]

What Makes Entrepreneur Successful?

Posted on August 20, 2009 in Entrepreneurship with 1 Comment

The success of a business depends much upon the entrepreneur. Certain qualities are required for an entrepreneur to make a go of his or her venture. Just the thought of doing business does not help. One must be cut out for it. What makes entrepreneur successful? – What qualities are essential to make a businessman [...]

Why have Profit Sharing? – Advantages and Disadvantages of Profit Sharing

Posted on August 18, 2009 in Entrepreneurship with No Comments

Profit sharing refers to monetary benefits offer to the employees by the employer apart from salary and bonuses. They are a form of incentives given to employees either directly or perhaps indirectly, depending upon the profits made by the respective company. The profit can be shared in the form of bonds, stocks or cash, which [...]

Top 15 Decision Making Techniques

Posted on July 31, 2009 in Entrepreneurship with 1 Comment

Several decisions have to be taken while doing business; some on the spur of the moment, some perhaps after long deliberations. Nevertheless, decisions cannot be avoided. Entrepreneurs need to have the knack to take the correct decisions. Often one cannot consult or have the time to do so. Independent decision-making is required. Decisions are important [...]