Sunday, 26 July 2015

AN ENTREPRENEUR & ENTREPRENEUR SHIP SKILLS

To know more about business and it's components the major component is human power or human being have being used for different roles but the most important human human being is entrepreneur in every business.

What is an entrepreneur?

A person who sets up a business or businesses, taking on financial risks in the hope of profit.

  The true entrepreneur is the one who takes the risk  . he not only  analyses  the statistical information and economical information , he has to take risk in the business and take his decisions in the right manner.  that’s  where is the true skill of the entrepreneur  lies 
Go for the  business of your choice because your interest is more important ,then only you can plan for its success. You must have the passion and interest  in the business .FAIcan you think further if you yourself don’t have the interest in the business? You must have the knowledge of it.
   Then also it comes upon the managing the staff, the way you deal with the  human resource is also important as human resource is the key factor which results in the success  . the enterprenuer has to manage them properly , see to their needs , motivate them to achieve goals of the organization. He should have  good understanding that is understanding his staff having good leadership qualities, because the  right decisions of the  leader can make help in achieving the goals.
   Also the entrepreneur has to manage with the funds efficiently. He has to take the projects with regard respect to the finance they have and how much he can arrange funds. Also the funds has to be raised in a cost effective manner, all these decisions should be taken by the entrepreneur.
   The entrepreneur   has to manage everything finance, future risk, profitability, human resource etc.. he has to be fully organized. he should know how to keep everyone satisfied whether its customers, staff, society or anything. The basic requirement is of being a multi tasker , with a strong vision. He needs to have good innovation  skills ,and marketing skills too as how to be the best and favourite of its customers.
He is the main person who can lead to success and failure of the organization . his way of thinking, understanding the market, consumer problems,  the way he maintains  reputation of the business all matters a lot.
Infact the enterprenuer should have the complete set of qualities and if he lacks behind in any one quality or role then he might not be counted as a successful entrprenuer. 
   The enterprenuer should be the one who is praised by everyone that is his personality is liked by  everyone and the competitors  also think that he is a strong personality

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Posted by Admin


Saturday, 27 June 2015

Marketing Tips and Innovative Ideas

We all have studied about marketing and innovation if not studied atleast we have seen them in our day to day life. In simple terms marketing is the management process through which goods and services move from concept to the customer. It includes the coordination of four elements called the 4 P's of marketing: product, price, place and promotional strategy. And the innovation means changing or creating more effective processes, products and ideas, and can increase the likelihood of a business succeeding. Businesses that innovate create more efficient work processes and have better productivity and performance. For businesses, this could mean implementing new ideas, creating dynamic products or improving your existing services. Innovation can be a catalyst for the growth and success of  business, and help  to adapt and grow in the marketplace.    
Being a rational consumer we all prefer those products which are cheap and have good quality. We all are also attracted by the product’s advertisement its posters ,its catchy slogans and dialogues etc., that is all how a company promotes  its product. the market is very competitive  , every company tries its best to promote its product ,satisfy the customers and lead the market. But  ! but wait its all not easy to win the heart of the customers  and rule the markets,because the race is not easy , in order to succeed you have to be the best among many brands and companies by you, you have to be smart enough.
This smartness and uniqueness can be achieved by many ways like selling the   price which gives you the profit and is affordable the middle class of the societies as it is the most affected class of people.  Also ,conduct a survey regarding to your product which help you in knowing  that what consumers want in your product,  is lacking behind,what is the current demand of the market ,how can be the innovation done to the existing product, or there is a need to invent new product. The people are on social media these days, so promoting   and advertising will surely help. Doing publicity from actors and actresses is a common practice.
At last I would like to end by saying that its not impossible to achieve something but yes its also not easy not to lead the market, so I hope that my following suggestions would surely help you .
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