Archive for the ‘Entrepreneur’ Category

Getting business through relationship marketing

Tuesday, December 11th, 2007

If you are interested putting up a business of your own, learn from this video the key steps on how to market your services and products in different ways and you can increase your visibility and get more business through the use of the principles of Relationship Marketing.

10 Ways To Strengthen Your Business Relationships

Tuesday, December 11th, 2007

Building a harmonious relationship to others is a very important factor to achieve success in your business. It is one secret method in achieving your goal as an entrepreneur. Because these people around you, may it be customers, employees, vendors etc.. has contributed a lot in the business industry. So, why don’t you try to interact with these people and know them by heart. Holiday season is here once again for you to make your one most important new year’s resolution. Try to take it step by step by learning these “Ten ways you can start strengthening your business relationships in the upcoming year.” by Freyvogel:

1.Learn as much as you can about everyone you work with. Then, act on that knowledge. You need to know as much as possible about everyone from your customers to your vendors to your employees so that when their needs change, you can be there to provide them with what they need to stay happy with your business.

2.Treat your vendors like honorary employees. It’s important to nurture relationships with those people who aren’t necessarily working for you but who service you or your company regularly. This can mean anyone from the package delivery guy who stops by every day to the materials supplier who keeps your warehouse stocked to the designer who keeps your website updated.

3.Know everyone’s birthday. You might be thinking, How much of a difference will saying “Happy birthday” really make? Well, the answer is a big one. People love to be acknowledged no matter the reason. And in a world where everyone is so wrapped up in their own lives, getting a happy birthday wish from the people you regularly come into contact with is becoming a rarity.

4.Encourage a sense of ownership among your employees. Whether it comes from having a voice in major decisions, being able to work directly with clients, or actually owning stock, a sense of ownership will go a long way toward creating strong ties between your employees and your business. Inspiring your employees to love your business as much as you do will strengthen your company’s foundation and your business will be that much more likely to survive setbacks and grow to great heights.

5.Have one-on-one conversations with your customers to find out what you can do better. Most of the time unsatisfied customers don’t approach you with a detailed list of the things they’d like for you to improve on. They just leave you for one of your better-equipped competitors. Therefore, you must set aside some time to ask them what they need from you.

6.Make your start-up loan payments on time, no matter what. Always have enough money in your account to make your monthly loan payments when they’re due. It’s also a good idea to set up a separate emergency account and make sure you put something in it every month — someday you’ll be glad you did. You don’t want to gain a reputation with your bank as someone who doesn’t make loan payments on time. Staying close to your bankers can also help you secure your finances. Set up a safety system with them to ensure that all of your deposits are going through in a timely manner.

7.Contact your mentors frequently. Think about those people who gave you valuable advice when you were trying to get your business off the ground, or that person you call immediately when you need advice. That person is your mentor, and you want to have a close relationship with her so that she is willing to go that extra mile to help you build your business.

8.Constantly recognize a job well done. Everyone likes to be told they’ve done a good job on something, especially your employees. Typically, people who are interested in working for small businesses are driven more by recognition than by dollars. So whether you implement an Employee of the Month plaque or simply say, “Thanks for the great job!”, never miss an opportunity to give your employees the recognition they deserve. And when a client compliments an employee’s work, never steal the credit — indeed, be sure to pass the glowing review along to the rightful owner! And let everyone in the company know. It’s good for morale to know that recognition might be coming their way some time in the future.

9.Be flexible with the people you count on. As a business owner you should know that rarely will a day turn out exactly how you had planned for it to. That is why it is so important for you to be flexible when those around you run into problems and need to change their schedules in a way that affects your business. Maybe one of your vendors needs to make a delivery earlier or later than normal or maybe an employee has to leave to take care of a family problem. Don’t sigh and act annoyed, says Freyvogel, even if it’s very inconvenient for you.

10.Make sure employees have everything they need to do their jobs. Nothing frustrates a high-performing employee more than having to struggle to do his job because he doesn’t have the right computer program or because he must make do with faulty equipment.

“No matter how determined, hardworking, and talented you may be, you simply can’t be a successful entrepreneur all by yourself. It takes a village to run a company. Never forget that fact is critical to your success.”

Source: Business Relations

10 MVP (Most Valuable Personal) traits of successful entreprenuers

Monday, December 10th, 2007

1.Positive, persistent and passionate – A successful entrepreneur always offer everything the business and do all the effort with all his heart and always willing to extend time and effort for his business.

2.Optimistic – A positive thinker toward the business. Always willing to accept whatever pains and bad feedbacks they learn . Instead, they treat it as a big challenge in their business.

3.Problem solver – successful entrepreneurs take problems that arise as a challenge to their business. They are very resourceful that help them find ways how or where to find solution.

4.Courageous - successful entrepreneurs are an ideal leaders who take risks and marked to have guts in every situation they encounter in their field. Above all, they have the courage to start the business from zero and make to the top.

5.Life long learner – A lot of successful entrepreneurs usually do not have degrees, but they open their mind to things and not ashamed to ask questions or verify things. Through that, they learn things gradually and can even make good decision that leads to a fruitful business.

6.Independent – they always wanted to do things on their own. To prove their decision is right or what they do is right thus wanting to reach what they expect to themselves but sometimes, Their biggest achievement is satisfaction that they consider a real income.

7.Ethical – successful entrepreneurs are always focus on high standards of ethics. They do not mixe ethics in their business and personal life.

8.Goal oriented – successful entrepreneurs always give more effort to achieve what they aim for their business they are always focused to the future of their business.

9.Visionary – successful entrepreneurs have clear vision on the future of their business that they are always open to new ideas for the success of their goal.

10.Strategic thinker & planner – They use their power to think things before putting into action through thourough thinking and decision making to give life to their mission and vissionas well as the guiding prnciples and goals for the business.

Source: Successful Entrepreneur

Essential Tips to Becoming a Successful Entrepreneur

Wednesday, November 28th, 2007

Tim Knox a small business expert will show you tips on successful entrepreneuring. Learn these for free it will surely make you a better entrepreneur.

7 Key Qualities of a Successful Entrepreneur

Wednesday, November 28th, 2007

Successful entrepreneurs possesses the same qualities that made them put up a successful business. They put their ambitions and goals into action that drive them to reach what they target. All of them has the following qualities:

1. Inner Drive to Succeed
Being a successful business takes a lot of time and effort but for them its just easy because they stick to one goal that is to reach their targeted goals.

2. Strong Belief in themselves
A strong believer has a firm decision and an assertive personality. They always set what is planned. They are very determined with their business to achieve what they aim for and possesses a positive attitude towards their goals.

3. Search for New Ideas and Innovation
Entrepreneurs always desire to give all their best on their business an how to improve more for future purposes. New Ideas and innovation would always be a catch on your prospective customers. It’s always best to add some more twists on your products and services to be more inviting.

4. Openness to Change
If something not worth or needed a change, they entrepreneurs are always open for change either in their services or products offered to be on top of their industry. Being updated is what they always ensure to set the right trends,technology or techniques to the consumers.

5. Competitive by Nature
Successful entrepreneurs thrive on competition. The only way to reach their goals and live up to their self imposed high standards is to compete with other successful businesses.

6. Highly Motivated and Energetic
Entrepreneurs are always full of energy and highly motivated for them to set goals properly most especially to run the business very well. They set high standards and ambition.

7. Accepting of Constructive Criticism and Rejection
They learn to accept challenges in business world like criticism and rejection. They treat it as part of any leading business because those are just spices that could make room for improvement that will lead to success.

Source: Entrepreneur & Business Woman