Posted by Amitabh Shukla on September 16, 2009 in Entrepreneurship
The work of an entrepreneur is very valuable. The functioning of the economy depends upon what kind of services and goods the entrepreneur delivers. People make avail of these services and goods and pay for them. This money adds to the national income of the country. The higher the number of goods and services provided for, the higher the per capita income within the respective country.
An entrepreneur is indispensable. Every economy requires his or her expertise and knowledge in order to make avail of services and goods to the consumer.
Importance of entrepreneur’s work
Role of an entrepreneur in the economy
The national economy depends upon the work output of the entrepreneur. The more investments an entrepreneur makes the higher his or her income contribution to the economy. The economic development of the country depends upon work output of the entrepreneur. Quality work by him or her means better economic conditions within the country.
The entrepreneur is an integral part of the economy. His or her work is very essential for the economy to run.
Posted by Amitabh Shukla on September 15, 2009 in Getting into Roots
Who does not like to win? Losing out on a venture or game causes much disappointment and unhappiness. One wants to win at all cost. Is it easy to be winner? No not at all. It requires determination, will power and hard work to make it to the finish line.
A winner has to be motivated. His mentor has to constantly make him or her feel that he or she can win. Motivation is necessary to achieve a particular task. One must want to win. The zeal to win can make one put in the necessary effort to succeed over others.
How to motivate a winner?
Can a winner be a winner at all times?
A winner cannot always be a winner. He or she cannot take things for granted. He or she has to always strive hard. Any laxity can make him or her lose the race. In other words, he or she has to be motivated at all times to win the game or succeed in the venture.
Why motivate?
Motivation is the drive to do things. Without it one will not be able to reach their goals. A person often lacks the will to win a race. He either does not take the matter on hand very seriously or feels diffident. He or she has to be motivated by highlighting his or her talents and skills. He or she must be made to feel that he or she can win.
A winner is a well motivated person. He or she is full of confidence and knows he or she can make it ahead of others.
Posted by Amitabh Shukla on September 14, 2009 in Entrepreneurship
Small entrepreneurship are difficult to run as they have to be well streamlined in order to make profits. Large establishments have many resources on hand both in terms of natural and financial and therefore can manage their show well.
Small business establishments have to compete with larger establishments. It is the survival of the fittest even in the business world. Those companies that can deliver the goods and services on time and are of high quality are able to win over the customers.
Small establishment require high quality entrepreneurship that can maximize their limited investments in order to ensure that their profits are high.
Why quality entrepreneurship for small businesses?
What kind of qualities?
Do only large establishments have quality entrepreneurship?
Generally, this is so. But many equally talented entrepreneurs are also very talented and manage to set up their own business establishments. They have the requisite qualifications and abilities to run the show well. It is much more difficult for them to set up business as they have to face competition with larger set ups.
The big business houses often begin as small establishments and grow into large set ups eventually. The contributions made by small quality entrepreneurship can lead to bigger set ups.
Quality entrepreneurship is essential for small business set ups. These have to maximize their resources for good profits.
Posted by Amitabh Shukla on September 12, 2009 in Personality Development
Confidence is very necessary to perform well in work as well to deal with daily situations in one’s personal lives. A confident person is well liked by an employer and also his co-workers as well as friends.
A confident person attracts the attention of the other person. People who are diffident like the company of confident persons as they feel they can help them through their problems. Also a confident person is in a better position to extend a helping hand.
What is confidence?
It is a quality in one’s personality whereby one is sure of oneself of delivering the goods and reaching targets. One feels self-assured and knows how to deal with a particular situation. He or she does not hesitate to resolve problems as he or she feels is in a better position to resolve the situation.
Over confidence is not good at the same time. Such an attitude can put off a person. Human beings do make mistakes. One must be prepared for it. One must not appear as know-it-all person.
How to build up confidence?
A confident person goes places in his or her life. He or she is able to achieve much in life. Nothing appears difficult for him or her. He or she is in better position to help others.
Posted by Amitabh Shukla on September 10, 2009 in Jobs and Career
One has to be careful, about one’s choice of career. After all, it is a lifetime pursuit. A wrong choice could turn out to be disastrous.
Why a career?
One needs to earn one’s bread and butter. A mere job at times could be very frustrating. One would like to undertake a profession as it is more rewarding and challenging. There are several options to choose from; one can become a pilot, or a join the police force or perhaps the army. One can do business. The decision is yours. The right choice must be made of course. There must not be any regrets later.
Why career guidance?
One must seek guidance in order to make the right choice. Experts are there to guide you as to which career is good for you. They have all the required information about a particular career at their disposal. They are in a better position to tell about the pros and cons of a particular career. They can guide you as to how well suited you are for a particular avocation and also what monetary benefits you can gain from it.
Career guidance is available at professional institutes as well as in schools and colleges. Young people while pursuing their studies, make inquiries about the career they can pursue. In schools and colleges much awareness is created about the career one can pursue and choices they have at their disposal. Young minds often vacillate. They are unable to decide for themselves.
Parental guidance is also very good for young people who are at crossroads of deciding upon a career. Elders are mature and are able to guide their children better as to what kind of work they could take up after they complete their education.
Most of us have to work these days due to inflation. One bread earner is not sufficient in a household. Two people have to earn. Naturally, career has become part of one’s life now. Even women have to work. So making the best choice of the kind of work one wants to do is good.
Posted by Amitabh Shukla on September 9, 2009 in Entrepreneurship
In earlier days men were more enterprising and daring to take on business. In fact, business was considered to be their bastion as it was generally felt that they had the requisite qualities to take on business. Now the scenario has changed. Women have also entered the fray and are equally doing well.
Women entrepreneurs are also a force to reckon with now. One cannot say that men are only likely to set up business establishments. Women are also willing to take up such challenges.
Why women want to do business?
Do men accept women as co-workers?
Initially, there was resistance as male chauvinism prevailed. Now men have accepted women on equal terms. They are willing to do business with them.
Women do not rely on men to take decisions. They take them independently. They have successfully shown that they can also deliver the goods.
The belief that men are more business oriented than women is now not acceptable. It is not unfeminine to do business. Both men and women are willing to take up the challenges that come along the way in doing business.
Posted by Amitabh Shukla on September 8, 2009 in Getting into Roots
We all like to win. Losing out means failure and failure can cause much disappointment and unhappiness. This is the normal reaction of a person who fails to win a race or game or achieve his or her set targets.
Winning means excitement, thrill and a feeling of positivity that even in the future one could be successful. Failure can lead to negativity as one would feel diffident about trying again. He or she may not be sure whether they would win again. Should this be so? Can one take advantage of failure and be a winner again? Why not? Let us express a few thoughts about this.
How to make a success of failure?
Is failure inevitable?
In any venture or assignment one undertakes one does experience failure at times or is likely to experience failure. The fear of failure is always there. Failure is part of one’s life. We are not always successful in what we do, yet the setback we experience makes us perform better. Some may give up, but true winner will continue to make efforts till he or she wins.
How to overcome psychological fear of losing?
Often people who are less confident are afraid of losing out. This attitude can make them lose a game or nor achieve what they have set to do. One must not feel that they would lose and also at the same time not be afraid of being a loser. The fear of being a loser can lower their confidence levels. One must be sure of one’s abilities. Over-confidence is not advisable. At the same time one must be prepared for failure.
Failure must be a stepping stone to be winner. It must lead you on to the road of success.
Posted by Amitabh Shukla on September 7, 2009 in Entrepreneurship
Entrepreneur’s contribution to the economy is of immense value. He or she is indispensable to the economic growth of the country. His or her products are valuable to the overall development of the society. People need their products. They simply cannot do without them.
Ours is a consumer society now. Even in the developing countries consumerism is gaining ground. Developed countries anyway thrive on consumerism. Naturally, the role of an entrepreneur is of much significance in generating products valuable for the com forts and luxurious living of the people of a particular country.
An economy is much dependent upon the performance level of its entrepreneur. He or she plays a vital role in the growth of the national income as well as raising the per capita income of the people.
How does an entrepreneur stimulate the economy?
The entrepreneur is essential for the economic development of a country. The progress of a country will depend upon his skill and talent as well as hard work to deliver necessary goods and services required by the citizens of his or her country.
Posted by Amitabh Shukla on September 5, 2009 in Entrepreneurship
Below are some of the quotes from all time famous entrepreneurs destined for people who are ready to pursue their dreams.
Posted by Amitabh Shukla on September 5, 2009 in World Economy
Wealth in the world is not equally distributed. Some nations are very rich whereas others are very poor. The Western nations such as the US, West Germany, UK are very prosperous. On the other hand, economically poor countries such as those in the African continent and India, Pakistan are lagging behind. Why is this disparity so? Many economists have tried to answer this question and have suggested solutions to it, but yet it persists.
The question that arises is that why some nations enjoy a higher level of prosperity? Why do they have a higher per capita income? Let us observe this phenomenon.
Why nations are prosperous?
Government attitude towards economic development
In the rich nations, the elected governments owe a lot to their citizens and try their best to please them. They are in power on account of them and cannot afford to neglect them. In the less developed countries, the Government once they come to power, forget the needs of the people and are busy sorting out their vested interests. Corruption is higher in these countries and the people do not enjoy all the benefits of prosperity. Only a few do.
The governments in the developed countries are questioned in case they do not meet up to the expectations of the people. Naturally, they would ensure that economic development is at a higher pace so that people can enjoy better standards of living.
The US economy, for example, is a highly developed economy. The elected government takes its work of providing the people with all the luxuries and comforts of life.
Therefore, the countries which have a higher per capita income have streamlined administration and governments that run the country well in order to promote people’s well-being.
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