Enterpreneurs play very important role in socio-economic welfare of the country. They identify the needs of the business, purchases the other factors of production and coordinates them for some productive purposes. They are the innovators, researchers and risk-takers of the company. Due to the mixed economy in India, both public and private enterpreneurship exists here. Large scale sectors are under the public enterpreneurship. The middle and small scale sectors are under the private entrepreneurship. In order to develop entrepreneurship in this sectors, Government of India has stepped towards the Entrepreneurship Development Programmes. The reason behind the development of entrepreneurship programmes in India are as follows :-

1. Increase in national production and productivity in different sectors : Indian entrepreneurs should work to increase the national production in primary, secondary and tertiary sectors. They should work to increase employment. They must be able to generate wealth from both national and international markets. They should produce such goods and services which can substitute the imports. They should give more effort for increasing export of goods and services.

2. Balanced regional development : Most of the industries are setup in the urban and semi-urban ares. This has led to the migration of people from rural areas to big cities. This has created pressure on the Government to provide housing and other facilities to the people. In order to reduce this imbalance, Government has provided facilities to encourage entrepreneurs to setup new ventures in rural areas.

3. Re-investment of profit : The objective of re-investment of profit can be achieved when their will be developed indigenous enterpreneurs. They invest profits in the business for the betterment of the productivity and welfare of the community.

4. Decentralisation of economic power : The main drawback of large scale enterprises is the centralisation of economic power. In order to achieve equitable distribution of wealth and balanced economic growth, the Government has targeted to develop competent entrepreneurs who can setup the small scale enterprises. This will help in the dispersal of wealth.

5. Solving the problem of unemployment and under-employment : In large scale industries, the problem of unemployment and underemployment is more. It is so due to lack of capital and increase in labour force. The highly educated and technically experienced peoples get dissatisfied and frustrated with their job. In order to solve this socio-economic problem of India, Government has taken step towards the development of such programmes. Besides setting up of large scale industries, small scale industries are encouraged to setup, which can provide large number of employment with the same amount capital investment, compared to the large scale industries.

6. Harnessing youth vigour : When government cannot provide work to the educated and highly qualified youths, to earn their livelihood, they turn up to violent activities. In order to reduce their frustration, anger and disappointment, the development of entrepreneurs is necessary in India. They provide self-employment work to the youth, to earn their living. Thus, they are diverted from destructive activities by entrepreneurial motivation to work for the country.

7. Women as a special needs group : India is a developing country where discriminating attitude towards women is more. They are deprived of the opportunities, employment or payrise or leardership. Therefore, women has started their own ventures in India. Government has also started courses for the betterment of entrepreneurship skills among women. This has increased confidence in the mind of the women. According to the statistical reading, women entrepreneurs are doing better and they are increasing day by day. On the other hand, male entrepreneurs are impatient and over confident to spoil their own ventures. Women entrepreneurs are found to learn their weaknesses and they try to overcome them through hard work and perseverence.

Thus many institutions have been setup to develop the entrepreneurship in India. These institutions provide finance to the entrepreneurs to setup and flourish their ventures.

http://expertinn.com/?idAff=13847

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Anthony Morrison grew showing potential of becoming a successful in all his endeavors. His family encourages him of becoming intellectual curious, a heart for other people and confidence in what he does. During his young age he already showed his prowess in making money to buy what he wants. He sold candy bars to earn and be able to save and buy the things he wanted. At age seven and eight he set a goal of buying his dad a motorcycle with the help of his other siblings, you see at a very young age one can already set goals and make that dream become a reality.

As he grows he expanded that simple business he has as a teen and was able to establish his own company when his family was into financial atrocity. In a span of one year Anthony Morrison had to work with all part suppliers in the industry and he began manufacturing his own parts and was on the lead just a year after that.

He even launch eleven companies on his own, is involve in many sharing engagements and founded his own charity and operates successful seminar workshops in many part of United States. A. Morrison educate entrepreneurs how to succeed in their respective business and helps them establish their own business with one-on-one coaching. He is presently engaged in several businesses such as online retail, providing workshops, coaching, direct response, book writing and many more. Thus Anthony Morrison advertising profits from home is helpful in generating income

As he travel from one place to another he delivers topics that tackles the basics and core of business. He speaks on enterpreneurships’, internet marketing, economics and online marketing that give better and in depth knowledge on how you should go about your new business. His audience came from corporate world to group of students and he always provide informative messages that will help novice entrepreneur to put up their own business. Anthony Morrison advertising profits from home can help you gain earnings the simpler way.

Anthony Morrison also expanded his business to publishing where he began publishing his first book entitled “The Hidden Millionaire: Twelve Principles to Uncovering the entrepreneur in You” this happen sometime of 2008 and when 2009 came he published another book, “Advertising Profits from Home” with the purpose of educating people how to make use of the techniques and strategies he developed to come up with a successful online and marketing campaign. He also created a plan and proposal for successful marketing campaign. This can help affiliate marketers to generate more income in the most convenient and easy way. These strategies and methods are all shared in his books. He went out of his way by promoting his book on a national level using the medium of television and media.

Anthony Morrison often travels the entire country sharing his story and skills to promising entrepreneurs. He shares what makes him successful in his endeavors. He became a multimillionaire using the techniques he now shares with his followers and students. Anthony Morrison was recognized as a great sample of success. He is young, brilliant entrepreneur and is called the online marketing guru.

As an author Anthony Morrison was able to awaken the minds of new entrepreneur and is able to help them gain financial freedom at the comfort of their own space at home using Anthony Morrison sales techniques and internet marketing strategies. These techniques and strategies can be found in his publish books.

He has reached the top of success and has seen how effective his books, his coaching programs, seminars and speaking engagements are now featured in several national publications like LA Times, Business on the Mound, Success Magazine, Growing Wealth Magazine and Home Business Magazine

Many entrepreneurs and new online businessman are now emulating the steps that A. Morrison has shared in his engagements, books and seminars. One secret is that you find something you enjoy doing, dig in deeper into the project, go for your dreams with confidence and eagerness to materialize the goals. To achieve your goal it is wise to understand what you have been into so you can create avenues for better management and profit. You then are creating your plan and realizing efficiently.

Understand all you have to know about making profit from advertising from home. You can find everything you need right here at Anthony Morrison

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The country growth depends on the Economic growth, which can be meet by the expansion of business and development. “Thus rightly said the Entrepreneur fuel the country growth”

This can be definitely visualized if you look that liberalization and ease of conduction of business have lead to the growth of the enterpuneurs growth and even the ease of availability of funds by the Venture Capatilist for the Projects which will provide higher return in long term, had made the expansion of business and growth of new models and business.

The Venture Capatilist access the projects definately before investing thus viability and other aspects are really important for the accepability of such projects.

The Entreprenurs and small scale indusry are in real sense backbone for the bigger corporate and organization as they act as feeder by providing parts or a small portion of what is actually used in the final assembly of the product and services.

Thus it is really essential for growth to develope the small scale industry and entreprenure.

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<CREATIVITY,INNOVATION,ENTERPRENEURSHIP>

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INTRODUCTION:

“Entrepreneur is a person who habitually creates and innovates to build something of recognized value around perceived opportunities”

When people pursue opportunities to achieve personal goals and to realize personal ideals, entrepreneurship comes into being. Entrepreneurship is what drives human lives to change for the better because entrepreneurs put their theoretical innovations into practice. Indeed, entrepreneurship is the result of combining personal creativity and business innovation. Under the drive of business innovation and entrepreneurship, intelligence and innovation are, therefore, invigorated to brighten human lives. All blockbuster products and services are first born of creative ideas. Also, at a time when traditional jobs are disappearing, you will be more likely to recognize and profit from new opportunities. Here are some suggestions for fostering ingenuity.

Successful new products are usually associated with `idea-centric’ creativity. The greater the number of creative and relevant ideas put forward, the more likely it is that successful new products will emerge. And real-life experiences often help to anchor and focus creativity for maximizing the number of actionable new product ideas that can be generated.

The Essence of Entrepreneurship

“Entrepreneurs” are often thought of as persons who start new business venturesInnovation is the specific instrument of entrepreneurship.

Today many people like to become an entrepreneur and also they have innovative idea which can change the India.

India, the largest democracy of the World, with about a sixth of the World’s Human Resource, boasts of huge pool of people aged over twenty and under thirty – the age at which most entrepreneurs start off. India also has it’s strengths in it’s diversity, it’s faith in equality and freedom. In short India has a huge potential for innovation and entrepreneurship. It’s just a matter of channeling the resources appropriately, before it is unleashed.

The world is facing the twin challenges of youth unemployment and environmental degradation – this presents an exciting opportunity to engage young people as social and environmental entrepreneurs, building a society that can live within planetary boundaries.

Colleges play a far greater role in the society than just being centres of knowledge transfer and exchange. College may be likened to a workshop where characters, and therefore societies and in-turn nations, are carved. Attitudes and Habits, good or bad, picked up in college, stick with you for life – by default. They hold the power to make or break a nation. It is therefore, required of colleges and other educational institutions to cultivate the habit of innovation, within themselves and in their students. Colleges need to promote and reward innovation 

Barriers to Innovation:

Management’s resistance to innovative ideas is one of the main reasons so many entrepreneurs just give up.

1. Short Term Focus: They are only concerned about short term performance .Besides most significant innovations take a long time to come to market, and the leader is likely to be long gone before that happens.

2. Leadership (or lack thereof). They really don’t understand that leaders take responsibility for both long term and short term performance, and hence aren’t really leaders.

3. Surviving against Intense Competition. There won’t be a tomorrow if the company can’t compete today, and hence all available resources need to be focused on carving out a sustainable competitive position in order to generate — eventually — the extra resources for investing in innovation.

4. Fear of failure / fear of uncertainty. They don’t know how to manage / lead in the domain of innovation, and are trapped by their own competence related to management in mainstream operations. They stay within their own comfort zone.

5. Lack of bandwidth. The company doesn’t (yet) have a system for supporting innovation and the management simply doesn’t have the bandwidth to take on the challenge.

6. Lack of confidence in the innovator. They have many activities competing for limited resources and — like venture capitalists — choose to invest in innovators in whom they have confidence. Perhaps the innovator who seeks but fails to gain support doesn’t have the knowledge, skills and attitudes that generate confidence in the minds of the management.

CREATIVITY

Creativity is marked by the ability to create, bring into existence, to invent into a new form, to produce through imaginative skill, to make to bring into existence something new. Creativity is not ability to create out of nothing (only God can do that), but the ability to generate new ideas by combining, changing, or reapplying existing ideas. Some creative ideas are astonishing and brilliant, while others are just simple, good practical ideas that no one seems to have thought, of yet. Creativity requires passion and commitment.

The action and result of imagination and ingenuity; the ability to create through the relation of previously unrelated ideas or things; the application of a person’s mental ability and curiousity to discover something new.

Innovation: The introduction of something new; the development of new processes, methods, devices, products, and services for a useful purpose.

Entrepreneurship: The pursuit of opportunity without regard to resources currently controlled; the process of creating value through unique resource combinations to exploit opportunity; the implementation of innovation; the utilization of the skill sets, qualities and characteristics inherent in, or acquired by, entrepreneurs.

CHARACTERISTICS OF AN ENTREPRENEUR

The entrepreneur has an enthusiastic vision, the driving force of an enterprise.

The entrepreneur’s vision is usually supported by an interlocked collection of specific ideas not available to the marketplace.

The overall blueprint to realize the vision is clear, however details may be incomplete, flexible, and evolving.

The entrepreneur promotes the vision with enthusiastic passion.

With persistence and determination, the entrepreneur develops strategies to change the vision into reality.

The entrepreneur takes the initial responsibility to cause a vision to become a success.

Entrepreneurs take prudent risks. They assess costs, market/customer needs and persuade others to join and help.

An entrepreneur is usually a positive thinker and a decision maker.

An entrepreneur has inspiration, motivation and sensibility.

ADVANTAGES OF ENTREPRENEURSHIP

Enormous personal financial gain

Self-employment, own bossing, offering more job satisfaction and flexibility of the work force

Employment for others, often in better jobs

Development of more industries, especially in rural areas or regions disadvantaged by economic changes, for example due to globalization effects

Income generation and increased economic growth

Healthy competition thus encourages higher quality products

More goods and services available

Development of new markets

Freedom from the dependency on the jobs offered by others

Ability to have great accomplishments

Reduction of the informal economy

Emigration of talent may be stopped by a better domestic entrepreneurship climate

Serious tax advantages 

DISADVANTAGES:

• Salary: Starting your own business means that you must be willing to give up the security of a regular paycheck.

• Benefits: There will undoubtedly be fewer benefits, especially when considering that your business will be just starting off.

• Work schedule: The work schedule of an entrepreneur is never predictable; an emergency can come up in a matter of a second and late hours will have to be put in.

• Administration: All the decisions of the business must be made on your own; there is no one ranked higher than you on the chain of command in YOUR business.

• Incompetent staff: Often times, you will find yourself working with an employee who “doesn’t know the ropes” as well as you do due to lack of experience.

• Procedures: Many times during your entrepreneurial life, you will find that many policies do not make sense, nor will they ever make sense 

CONCLUSION:

            Entrepreneurship is no longer seen as being solely applicable to people to start enterprises but to people involved in any endeavor. It is therefore important to introduce entrepreneurship into the school system as a means of changing attitudes and creating wider awareness in the society, so that people can play a more positive role in developing their own well being. It is essential to motivate the youths to become self-employed even when they are studying in schools and colleges. In fact, entrepreneurship development is one of the most integral parts of human development, and in recent time there is an urgent need to find a place in the curriculum of all institutions and colleges.  Since education is an integral part of society, society would like to benefit from its outcomes like good academic performance and personalities which contribute for the betterment of society. A constructive way of contributing to society is by developing entrepreneurial skills.

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Many business owners simply set up shop and instantly start running ads. They never invest any time in designing their marketing or sales strategy. The result is that they lose thousands of dollars and usually don’t get the sales results that they’re after. We’re going to share with you a simple marketing strategy that’s time tested and business proven. It will empower you to get the maximum leverage from your marketing efforts.

Think of the overall market in your city. Your ‘potential market’ is comprised of all the potential buyers of your product or service in your city. To simplify the process, we overlay a ‘Spectrum’, called ‘The Buyer’s Spectrum’, over top of the potential market. Realize that on one end of the spectrum, 3-5% of the market have a preferred vendor (a family member, a business that they’ve been with for years, etc.) and will never buy from you.

On the other end of the spectrum, 3-5% of the market are NOW buyers and respond quickly to virtually any type of marketing. This leaves roughly 90% of the market that doesn’t want to buy what you’re selling right now yet WILL BUY at some future date.

Amazingly enough, the majority of companies focus their marketing efforts exclusively on the 3-5% of the market that are NOW buyers. They leave the remaining 90% of potential customers on the table. Their philosophy is that if a prospect doesn’t buy from them right now, then they discard them and focus on the ones that do want to buy from them. If you share this philosophy, you’re making A BIG MISTAKE!

‘Why’ do you ask? Well, think about a grove of orange trees. If you wanted to pick the ripe oranges, do you think that all of the oranges ripen at the same time? Of course not. The oranges ripen all at different times (we call this ‘The Customer Buying Cycle’). So what do you do, simply pick the few oranges that are ripe and then burn the rest of the field? Once again the answer is no. Yet this is what many companies do.

If you want to get more of the ripe oranges, then what you must do is water, fertilize and nurture the orange tree grove consistently. Bit by bit, the other oranges WILL RIPEN. And when they do, you’re there pick them. Now you may not get them all yet you’ll certainly get the lion’s share.

In the same way, you ‘water, fertilize and nurture’ the 90% of your potential market that doesn’t buy right away. And like the grove of orange trees, bit by bit, they too will ‘ripen’ or buy what you’re offering. If your marketing strategy addresses this, then you will get the lion’s share of the customers.

For you to get most out of your marketing and sales, your marketing strategy must address the phenomenon of both ‘The Buyer’s Spectrum’ and “The Customer Buying Cycle’ to be effective. Make sure to read our article “How To Increase Your Sales By 300% Or More By Effectively Leveraging Follow Up Systems”.

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Help answer the question

What types of things can I write off onto my business? (dinners, gasoline, etc.) Do I need a seperate business credit card/bank account for the expenses?

Do I have to accept payments towards the business's services through a corporate account, or can they make the check/payment directly to me?

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In order to keep up with your customers’ demands you need a real-time 360 degree view of your business. Your systems need to operate 24 hours a day and your stock levels must be up to date at all times.

When your company is small and based in a single location, things are simple. But they may start to get complicated when you expand or start to outsource into other territories, either at home or abroad. For example, if you’re a retail business with multiple shops around the country, as well as a national distribution hub and a factory located abroad, then ideally you want everyone in the business to send you data in real-time. This way you can know at any time how many coats have sold in your Newcastle shop and how much stock remains at the distribution point.

You want every part of your business to be connected. This way a sales till in your shop in Newcastle can both ring up sales and keep track of how much money has been taken. It can also connect to the internet and access your company website, as well as interrogate the distribution hub to see if there’s any stock left or to put in an order if more stock is needed. You also want it to be easy for the shop assistant on the till to be able to contact anyone in the organisation, no matter where they are, in order to get an idea of stock levels in different shops or to find information about forthcoming products.

Without fast connectivity, you have to disconnect each part of the business from the headquarters and collect data on a daily or weekly basis. But this means accounts are always a few days or a week out of synch, so nobody can say with any certainty whether or not an item is in stock. Such businesses are also unable to respond effectively to changes in the market both locally and nationally.

Seeking connectivity solutions via broadband

Some companies look to the internet and broadband for a solution, but here there are also drawbacks, namely a lack of security. Unfortunately, the internet is an inherently insecure network. For example, whenever you send an email, that email is split into small bits by the sender and then bounces from server to server until it’s reassembled at its destination. At any point along that route it’s possible for someone to intercept those deconstructed bits. And if you’re streaming video or audio the data can get out of sequence, as different parts of the file are sent over different paths and may not be received in the order in which they were sent. Broadband connections, while fast enough for consumer needs, are less likely to be adequate for medium to large business use. When you share one broadband line between multiple users in, say, a branch office and you need to send, upload and download large files you start to hit problems. Most available broadband connections are asynchronous, meaning they download at one rate and upload at another. Therefore, an 8Mbps connection will allow you to download a file at 8Mbps, but only upload at around 512k to 1Mbps. Speed is also dependent on your distance from the exchange and the number of other people sharing your connection.

Wide Area Network Options

The simplest solution to the problem is to create a set of dedicated connections between your sites. With these, the upload speed is as fast as the download speed, and it has pre-agreed levels of service, which are set via a service level agreement (SLA). Also, the line is used by your business and no one else, so the download speed will not reduce at peak times when the business next-door starts to send large CAD/CAM files.

Leased lines are one of the simplest connections, offering connectivity up to 155Mb, but there are other options that offer faster performance, often at a lower price. For example, if your offices are dispersed across a business park, a town, a city or a region, Ethernet Extensions are one way to link your people. Ethernet Extensions offer unlimited usage through a dedicated, fixed-price digital transmission channel. This secure, fibre-based service offers dedicated connections at Ethernet speeds of 10, 100, 1000 Mb and up to 10Gb. You can have point-to-point connections or point to multipoint, as well as supporting business critical applications and high speed file transfer to improve efficiency. All this between locations up to 25km apart allowing you to exchange large amounts of data effectively and efficiently.

In cases where your offices are spread across the country, National Ethernet may be a good solution. National Ethernet offers unlimited usage across the UK at speeds of 2Mb right up to 1Gb across our national network. If bandwidth upgrades are needed, they can typically be done remotely without the need for a site visit. Whether you need multiple circuits or a single connection, the service can be tailored to you. Annual charges are fixed regardless of usage or distance.

As the number of your sites increases, it becomes more complicated to rely on individual connections between them. In these cases, a virtual private network is often a good alternative, allowing you to share resources efficiently rather than on a site-by-site basis. An IPVPN is a cost effective, secure, flexible, scalable and fully managed service. IPVPN provides the security of a VPN with superior performance for business-critical applications, plus the cost benefits of converging voice, data and video traffic on the same network. The service is managed for you, including the set up and ongoing management of routers and IP routing. If you want to control your own routing hardware Ethernet VPNs can be a great solution, allowing you connect sites nationally, at speeds of 1MB to 1GB through our Next Generation Network.

Combining a Next Generation Network with VoIP

Because you have a connection that’s both fast and secure, you can start to use the connection to perform other tasks, such as video conferencing, or using the connection for Voice over Internet Protocol (VoIP) systems.

One of the main criticisms of VoIP is that there’s no guarantee on call quality since the system uses the internet to route calls. Calls can sometimes break off or the voice quality can be so poor as to be impossible to use. However, using VoIP over a dedicated Next Generation Network will give you a clear line, as well as connections that are always reliable. This not only saves your business money, but also should encourage your employees to communicate more often.

Lastly, because you now have a constant fast and reliable connection between all your different sites, it’s now much easier and faster for your IT department to support users, no matter where they are, and to build in additional safeguards for your business, such as disaster recovery solutions. With a WAN your IT staff can use tools like Microsoft’s built-in Remote Desktop Connection to remotely control and share a PC, so there’s no need for site visits to fix simple IT problems. Additionally, the servers on your system can continuously back up their data to secondary sites. This way if a branch office is hit by fire or flood there’s a copy of all the lost data saved and available for use straight away. You can then restart the branch anywhere from within a few hours to a few days. Solutions like High Capacity Services can often be a great way of supporting the performance and bandwidth needed when servers are mirroring data of this kind over large distances.

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Help answer the question

1. Which retail business would be best to start and why: a) Specialty retail business or b) Mail order business?

2. Which type of business is more predictable and does not change often: Specialty retail or mail order?

3. Many people say that PASSION is important when it comes to starting a business because the owner will have to work long hour to make his or her business a success. I agree with that but can you explain to me why there are many people out there who started their successful businesses outside their PASSION?

4. How can I choose products and services to sell that fit my personality and are part of my values?

5. I took a Myers-Briggs personality test and the result of the test shows that my personality type is an ISFJ (Introverted, Sensing, Feeling, Judging). Would someone like me who possess this personality type can become successful in operating his or her retail business?

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24 Key Attitudes For Success In YOUR Business

What to take YOUR business to a whole new level? This article is designed for business owners who want to take their business to a whole new level and realize results beyond their wildest dreams.  The first of a three part business tips series, it deals with the 24 key attitudes that are fundamental to the success of your business. 

The second article… The 5 Biggest Small Business Mistakes and How to Fix Them deals with the next most important area – Marketing. Without a solid foundation of who your target market is, what they want, how they want to deal with you, then you have no prospects, no customers and no basis for a company.

Finally, the third article in the series… The 5 Key Business Profit Factors  deals with how to make massive amounts of profit.

The Key to Business Success

What is the most important factors of a business’s success?

·         A Unique Selling Proposition (USP)?

·         Having the lowest prices?

·         Great sales people?

·         The best location?

·         The best products?

·         Good customer service?

·         A strong local economy?

While these are all factors, based on our experience working with all kinds of different businesses, the most important determinant is YOU – the business owner.  History is riddled with examples of successful businesses that have failed with a new owner and lackluster businesses that have flourished under new ownership.

As a result, you are your most important business project.  As such, you should be investing significantly in yourself.  This includes reading books, examining your strengths and weaknesses, setting development goals for yourself, seeking outside advice, tracking your own personal development and getting a mentor to keep you on track.  You probably spend plenty developing and maintaining your business’s physical assets.  How much time and money do you spend on developing yourself?  

The great motivator and speaker E. James Rohn advises: “Work harder on yourself than you do on your job”.    In my opinion, if you are serious about your business and what you want to get out of life, you simply must dedicate 5-10% of your time to self-development…   And, yes, you must set aside some money to pay for it.  Rest assured, this money will likely give you the highest ROI (return on investment) possible.  After all, you are the person that can increase your profits by 50% or more.

There is no better time than now to make a commitment to yourself.  Get out your calendar right now and block off 30-60 minutes every day for self development, for the next 12 months.  Next, write down specifically what you are going to do with this time for the next two weeks.  At the end of two weeks, you should be in a position to detail your development plan for the next month, then the next quarter.

Another great quote, also from Jim Rohn: “Never wish your job were easier, wish you were better”.    Think about it.  If you are better, you will get better results.  If you wish for it then you are more likely to find a way to make it happen.  If, on the other hand, your job were to be easier, then everyone would want to do it and you would be back to square one.

1.   The Winning Attitude

The journey towards extraordinary profits begins here. There is no greater factor responsible for success, or failure, than your own mental attitude!  As a result, it is imperative that you begin by preparing your mind with the attitudes and perspectives that will set you free to achieve your business goals.  I am not talking about psyching yourself with positive thoughts, although at times this can help.  What I am talking about is adopting ways of thinking that will free your mind to find the solutions to your business challenges.

How you think and what you believe to be true about how you do business is what brought you to where you are right now.  Before you can find a better way of doing business, you must learn a new way of thinking about business.

It is a simple truth that it does not matter if you think you can, or you think you cannot, either way you will be right!

Stop blaming, denying or making excuses and start taking ownership, being responsible and winning.

2.   In Business There Are No Mistakes

Did you know that Edison had tried over 500 times, unsuccessfully, to make a light bulb.  One day he got asked “you have failed 500 times, how can you go on?”  Edison quickly responded “I have not failed once!  I now know 500 ways not to make a light bulb.”  The only failure is the failure to Participate.

If you want to be successful in business, you must be prepared to take calculated risks.  Many things you try will not work the first, or second, time.  You learned to walk by falling down.  It is the same in business.  You probably had parents or that gave you a safe environment in which to learn.  In business, you can seek out a mentor to help give you a safer environment.

3.   What if Contrary Information was “Interesting”?

Have you ever had an argument?  You knew you were right and the other person was wrong.  However, the argument was vigorous because the other person, who was also bright and articulate, was convinced they were right.  So, there you had it, two people both right and both wrong at the same time.  You argued but the other person would not relent.  Several days later, you still were thinking about it when you realised that you were wrong after all. 

Brad Sugars, the remarkable entrepreneur has an approach which has enabled him to continually innovate.  When Brad hears an opinion that is contrary to his he says, “isn’t that interesting?”  This then opens his mind to the possibility that he will learn a new way.

You see if there is an up, then there must be a down, and a left and a right… If you have to prove yourself right, then you cut off all possibility that there may be a better way. 

If you truly want to change the success of your business, you must be willing to change the way you think and the way you behave.  Isn’t that interesting?  

4.   I Know – the 2 most dangerous impediments to Business Innovation

Teenagers KNOW everything. Just ask them. Now that you are a little older you realise that it is probably not polite to say, “I know” out loud to everyone.  So as an adult we listen politely, cross our arms, all the while in the back of our mind saying, “I know”.

Try this exercise.  Close both your fists tightly.  Now try to button your jacket or make a phone call or compose an e-mail.  Your mind is like those closed fists.  There are very few things it can do well when it is closed.

You need to forget the mindset that says “I know”.  It is what you learn when you think you know everything that counts 

Open your mind up, it is not the major realizations that will make you a fortune, it is the fine distinctions that gives you the edge over the rest of the population.  The difference between ordinary and extraordinary is that little bit extra.

5.   Business is Fun!

You have decided to go into business for a number of reasons; more money, more control over your time, more free time.  Unfortunately, if you are like many business owners, you let the business take control of you.  It may even suck the life out of you… but life should be fun.  Since owning a business should give you more life, it only stands to reason that business should be fun!  To have fun, I suggest you treat it like a game.  First, learn the rules.  Second, keep score.  Finally, have fun

6.   Time is Your Most Valuable Asset

If you spend every penny you have you can go out and earn more money.  In this sense the amount of money we can have access-to is infinite. Unfortunately, we all have a finite amount of time on this earth.  If we waste a minute, we have lost it forever.

While this may seem intuitively obvious, amongst the business owners I meet, this one simple principle is the most important yet under appreciated principle of business.  Let me describe one conversation that is representative of conversations I have had time and time again with different business owners.  We will call the business owner Mark 

Peter:  Tell me how your business is performing relative to your goals.

Mark:   Well we are doing OK but I know we can do better.

Peter:  If you know what to do, what is keeping you from doing it?

Mark:   I always get interrupted and I can never find the time to do the new things.

Peter:  Is your business profitable?

Mark:   Yes it is. But I know I could easily do better.

Peter:  How much would you like to make in the next twelve months?

Mark:   After all expenses £150,000.

Peter: Do you believe that this is a realistic objective

Mark:   Absolutely.

Peter:  How many hours a week would you like to work?

Mark:   50 hours per week and I would like to take 5 weeks vacation (including holidays).

Peter:  So Mark, that means you would like your business to earn about $64 for every hour that you work. (£150,000/(50 hours x 47 weeks)). 

After an examination of Mark’s workweek, it was obvious that he was involved in a number of activities that were not worth £64 per hour.  If Mark spends 35% of his time working on tasks that could be handled by a £15/hour employee he is either going to have to work a lot more hours than he wants to, or he is going to have to get his business earning more like £90 per hour for the balance of the time he works.

Now, I am quick to advise owners to be careful with how they spend money.  But Mark’s penny pinching was not in his best interest.  Mark was trying to save paying more wages (about £17,000 per year).  But, by trying to save money it was costing him considerably more.  He was not having fun and he could have been implementing changes that would yield him more like £50,000 in additional profit (3 times what he thought he was saving).

As an owner, the most important decision you make is what you spend your time doing.  Owners that I meet who work too many hours and do not make as much as they want, often treat their time very causally.  Typically, they do not plan their day and tend to be reactive.  Often they do not even keep a calendar. Rarely can they tell you how they actually spent their time.  Conversely, successful owners plan and track their days and their week as carefully as they spend their money. 

I recommend that you emulate the successful owners.  Think about what will give you the best long term ROI [Return On Investment] for your time.  Do not be distracted by saving a few short-term pounds if you have an opportunity to create something that will generate returns for you year after year.

7.   Questions are more important than answers

One night at dinner, a young man asked his wife, “Why do you cut the ends off the roast?” Her reply, “I am not sure.  It is what my mother used to do”.

Some time went by before they visited her mother for dinner, and when they did, they had roast for dinner. So he asked, “why do you cut the ends off the roast?” Her reply, “I’m not sure, my mother always did it that way”. So he made a phone call to his wife’s grandmother and asked, “why do you cut the ends off the roast?” Her reply, “well, I’ve only got a small baking tray”.

So, often we do things, just because it is the way we have always done them, having absolutely no idea why it was done that way to start with.  Ever notice how new people tend to question things?  As an owner you should question why your business runs the way it does.  The only way to perform substantially better than your competitors is to be substantially different from them.  In business, following the crowd will almost certainly lead you to slaughter.  Looking at it another way, have you ever seen a flock of eagles?

To succeed in business, you often have to depart from conventional wisdom.  For many people this will be difficult – especially those who did well in school.  After all, we were taught in school what we had to do to be successful – quite often it involved conforming.

In an increasingly competitive environment, you must distinguish yourself by more than just price. You do this by being different. Think about what makes you unique and then tell the world. 

8.   Take a look in the Mirror

Ever notice that when you are having a good sales week that the next week just seems to get better and you keep closing more accounts with little or no effort.  Or maybe you have had a slow couple of weeks and all the prospects that you meet seem to have trouble deciding.  You have to make multiple sales calls, answer question, after question, after question.  The people you attract in your life are a mirror of where you are at. 

Most businesses are a clear reflection of its owner. Some owners want to control everything and wonder why none of their team ever takes any initiative. Some hate selling and love paperwork, so they have always got their numbers done, but never really sell much.

When I look back at my life I can clearly see times when my successes lead to more successes.  Success follows success. This brings me back again to the key to success in business – you.  Make sure you invest in you.

9.   Business is a Self-fulfilling Prophecy

Remember the last time you bought a car.  You chose something that you thought was distinctive.  Then after you got it you started to notice that you were seeing the same car all over the place.  Or, another example, try right now to NOT picture a purple cow in your mind.  What happened…. You are seeing a purple cow… Your brain has an amazing power to create whatever you focus on. It is called your Reticular Activating System (RAS) and it is like your personal compass.

Your RAS will find proof that the earth is flat if you want it to. In fact, it will find proof that November is a slow month if you want it to. In other words, attention determines direction. Just like the last time you said to yourself; “Do not forget, do not forget, do not forget… ” And, what happened, you forgot. Change your wording to “remember” get rid of the negative ‘do not’.

Another example, if you were to ask a person how their day has been, and they answered, “Not bad”. What is their benchmark on life? BAD, and today is not that. Your RAS is an amazing tool and it will find whatever you ask it to find, so you had better ask for very positive things. Remember to ask for the things you want, NOT to push away what you do not want.

Every day your business meets your true expectations. In other words, if you believe you have to work hard to make money, then that will always be your reality. If you believe you can never get good people then that will be your reality.  You generally make true that which you believe to be so.  So, choose your beliefs carefully.

10.        Listen to the Taps on Your Shoulder

Traveling down the road of life, it is easy to be distracted, get off track and lose sight of the big picture. You have heard the old saying, “can’t see the forest for the trees”.  However, every day you are getting little taps on the shoulder, an idea that you should change what you are doing, a suggestion from someone, a hint.  These taps are just like the cats eyes in the center of the road and the small slits in the shoulder that serve as warnings.  You feel little taps if you stray too far one way or the other.  Either you learn to listen to the taps and adjust your course, or eventually you will run into the sign posts at the side of the road, or worse, oncoming traffic.

In business, we get taps all the time.  Unfortunately, they are a lot more subtle than the taps we get on the road.  They are however, just as important for the health of your business.  If you do not want your business to be run over by the proverbial ‘hit by a bus’, it is imperative that you become adept at listening to the taps.

The most successful business people are very perceptive.  They have perfected the craft of surrounding themselves with other people and then listening – really listening – to what they have to say.

So, be sure to listen for the taps and look for the signs. Sticking your head in the sand never helped anyone.

11.        Build a Business do not Buy a Job

From what I have found, people start their own business for one thing and one thing only: FREEDOM; whether that freedom comes from working for yourself, having more time to yourself, financial freedom, or just the freedom of knowing that you are in charge of your life.

With a successful business, this freedom is truly liberating.  Now your friends that have never had any interest in captaining their own ship (those who work for others) may argue that you are far from “in charge” when exposed to the volatility of owning a business.   What they do not realize is that if you have 100 different customers and you lose half of your customers you still have 50 left. Your friends on the other hand have only one customer – their boss. If they lose that “customer” then they are out on the street!

Unfortunately, most business owners never achieve the freedom they seek.  In fact, about 80 per cent of businesses started this year will be gone in 5 years time.  Moreover, for those businesses that are still operating, most of their owners seem to work harder than any of their people and many seem to make less income than they could make elsewhere. Most end up having the business run them, instead of them running the business. In fact, they end up with the very thing they did not want, a JOB.  And that job may even come with the worst boss they ever had – themselves!  In effect, they have taken great risks and expended vast energy and all they have done is bought employment.

12.         A business needs to be profitable and work without YOU!

If you want to achieve that freedom that all business owners seek, then you should adopt this definition of a business:

A business is – A commercial profitable enterprise that works without YOU!

Why build a job for yourself when you can build an income stream that keeps on growing whether you are there or not. Remember the business exists solely to serve you – the owner; not your customers, or your employees.  Yes, customers and staff are important, but the reason you start a business has nothing to do with them.  It is essential that you adopt this attitude.

13. The only reason you would ever start a business is to sell it.

If you want to achieve true success and freedom then you need to think of your business as your product.  It is what you are building and it is where you are ultimately going to make your profit – selling the business.  That is right; you start by thinking about how you can build your business so that lots of people will be competing with each other to buy your business. 

Very few people ever make a fortune running their business, but many people make a fortune selling businesses.  Look at Bill Gates for instance. Yes, he has made a lot of money selling software, but he became the richest man in the world by selling his business – shares of Microsoft.

Are you too involved in your business? Ask yourself: could I pick up the phone in the morning and tell whoever answered, “you guys look after things, I am taking three months off”.

If you are like the vast majority of business owners out there, the answer is definitely NO.

14.         Working “ON” not “IN” the Business

Ultimately, you have to get yourself out of the day to day of the business. Stop working 9 till 5, doing the work of your business. Else be like most small builders…  they spend all day using a hammer and nails, working IN their business.

Imagine when you started your business that you built it in your mind, and then you put down that picture of what your business would be like when it was finished.  If you are going to sell a product, you must know when it is finished.  It is the same with a business.  You have to finish a business at some stage and have it ready for sale.

As an example, let us say you wanted to buy a new sofa.  How much would you pay a furniture shop for a partially completed sofa?  Likely, only a very small fraction of what a completed sofa would cost.  In fact, if you are like most people you would not even be interested in paying anything.  It is the same thing for a business.

When people try to sell a business that is not finished, at most they are really only selling a JOB.   As a result, these people only get a few people interested and they only ever get a fraction of the potential price.

When you have the finished picture of what your business will look like, then you go to work creating the business.  This way you are working ON the business, rather than just working IN the business.  You should be designing your business to run whether you are there or not.  If you do this then you have a choice, and choice gives you freedom.  You can work in the business or you can spend your time more creatively.  You can keep the business, or you can sell it.  I like good choices like these.

15.        You work hard because your business doesn’t

Imagine a business where you did not have to work there – would the business WORK? I mean, would it function properly?  Would all of the systems and the people integrate to get the result you wanted, the result the customer wanted?  Of course it would.

Almost every business owner I have ever met works so hard (too hard) for this exact reason. Their business does not work, they do. Everything about the business is in their head, and they are the only one who can do anything, so they are trapped.

Most are like this because the owners do not trust anyone else to do the job. For some reason they believe that no one can do it as well as they can. This need to be in control prevents them from growing their business.

Take the step, start to document how everything in your business gets done, put systems in place, teach other people and give them the responsibility to get the job done. (If you need more convincing, Read Michael Gerber’s book – The E-Myth Revisited. 

16.        Assign Tasks.  Don’t Delegate Just To Abdicate

All great leaders are good at delegating so you must start off-loading tasks as soon as possible.  Remember, time is your most precious commodity.  Since delegation is so important, you must prepare properly for it.  You must make sure that the person that will be doing the task knows what to do.  The worst thing you can do is to abdicate a task to someone.  By this, I mean telling them to do something when they do not have the skills or the training to handle the task.  It is essential that you carefully explain what you want done, how you want it done and what you consider a successful outcome to be. 

This may come as a shock, or at least seem like overkill, but you must document how you want your processes and tasks to be completed.  From my experience, most owners just give their staff a (quite often limited) set of verbal instructions.  The owner then assumes that the employee knows what to do and the employee then assumes what he thinks the owner wants done.  While well intentioned, this feeble attempt at delegation often does not produce the desired results.  You see, it is a simple but important fact about human learning that only about 20% of people are auditory learners – people that receive and easily comprehend verbal information.  The rest of us are either visual or kinaesthetic learners. That is, we need to see (a picture, diagram or read) what to do, or we need to actually do something before we fully understand.  (I have some simple, but effective tools that can help you successfully delegate.)

After you have properly prepared, trained and given your team member the job to do, then let them do it. Do not jump in and save them or they will never learn how to get the job done. If you do, they will “learn” that you are the only one who can fix things.  Guess what, they will be right.  You have to let them fall off the bike to learn how to stay on.

17.        Work for Yourself and go the extra mile

What if you do not own a business yet – that is, you work for someone else?  I suggest that you think like You Inc.  Treat your boss like he is your customer.  You want your customer to be thrilled with You Inc.  You want him to continue to buy more and higher value services from You Inc.  At a minimum, adopting this attitude will be great experience.  Think of your job as market research (for your business) that someone else is paying you to do.  But remember, what goes around comes around, so give it everything you have.  Your boss may even spot a future business partner in you.  Always go that little bit further than you are asked to, give a little extra and you will go far. If you are asked to stay until 5:00 PM, stay until 5.30 PM, just do a little more than were asked.

18.        The key to success is laziness

Which would you prefer – 1% of 100 people’s income or 100 % of your own income.  I would prefer the former, not just because I am lazy, but also because with this attitude my income can be unlimited.  On my own, I can only earn 100% of my own income.  On the other hand, there is nothing stopping me from working with 101 people or 1000 people. (why stop there?) 

If you have ever thought that you will succeed if you just work a little harder, put in some extra time, or just do more of what you are doing right now, then it is time you lifted your head and took a look around you.  You probably know several hundred people who work hard.  How many of them are really getting somewhere?

The aim of the game is not to work harder; it is to create better results with less effort – finding ways of achieving more with less. In other words, to continually leverage your time, your efforts, your money and your knowledge.

If you are paid an hourly wage, you will never earn more than the number of hours you work, but if you and your business are set up so that you are paid whether you work or not, then you have truly understood one of the key principles of success – Leverage.  Leverage is simply – the ability to do more with less. The aim of the game is to create an income stream that flows whether you work or not. Build assets that yield income.

There are numerous ways to create Leverage. You can leverage yourself through people, systems & processes, marketing and finance. 

19.        Your Business is Like A Tree

It is important to view your businesses as a living organism – like a tree.  Your business is either growing or it is dying.  When does a tree stop growing – when it is dying.  The same is true for a business.  You see the world does not stand still.  New products, services and competitors are cropping up everyday.  If your business does not evolve, then it will die.

20.        Change – The Only Constant

It is important to consider your business in the context of the wider business community and the world economy.  Consider the Agrarian, Industrial, Information ages.

In the Agrarian age (which lasted until early in the 20th century) 95 per cent of the population worked the land and the wealthiest people were the landowners. 

In the Industrial age (which lasted until about 1980) those that owned the factories created the most wealth. 

In the Information age those that owned the computers and software production, the telecommunications and have the information and corresponding managing tools created the great wealth.

By considering just the length of time that these ages have lasted we can easily see that the pace of change continues to accelerate at an increasingly rapid rate. In the information age we are living through, it only takes about 18 months for the available information on the planet to double, where it took about 50 years a century ago.

Some would argue that we have already left the Information age.  With constant change, occurring at an increasingly rapid rate, it has never been more important for owners to:

1.      Work ON their business, rather than IN their business

2.      Work harder on themselves than their job

3.      Surround themselves with experts that can give them every competitive advantage

21.        How Do You Compete?

With information moving so fast, people can copy, reproduce and have ready for sale any product or service in a matter of weeks. In today’s economy, you cannot be cheaper than your competitors can for long.  Therefore, the 21st key is that you have to know what information is important for your business success.

The only way you can stay ahead of the market is to out-think, out-sell, out-market and out-maneuver your competitors. Your marketing, sales and customer service is crucial. You do not have to have the world’s best hamburger to sell billions of them.

The next time you have a group of people in a room ask them “who thinks McDonald’s have the best hamburgers in the world?” I will bet that not one person puts up their hand. Yet, who sells more hamburgers than anyone else does?

Then ask the same group, who thinks they can build a better sales, marketing and distribution system for hamburgers than McDonald’s. Once again, no one will put up his or her hand.

22.        Ask for more

If you are going to build a great business, if you are going to make your fortune through business then you have got to ask for a whole lot more than you do right now.

If you shoot for the stars, at least you will make it to the moon.   If you do not ask, the answer is always NO. If you start to ask for more, and be grateful for it, you just might start receiving. Just remember, those who are grateful always receive more than those who just complain about life.

Do not be afraid of someone saying NO. They are not rejecting you, it is just that your request may have come at a bad time or their goals are not quite aligned with yours. Do not take offence … every NO gets you closer to a YES.

23.        Abundance vs. Scarcity

For most people getting more means that someone else has to go without. As intuitive as this may seem, nothing could be further from the truth!  There is literally more than enough to go around.

To succeed in business, you often have to depart from conventional wisdom.  Because, as I mentioned earlier, the crowd is often wrong.

Scarcity was first espoused by English Preacher Thomas Malthus, who concluded that England would run out of food as there were too many people for the available food production.  Yet, even to this day we still produce more than enough food to feed the entire planet.  Because we believe in scarcity; or more commonly known as supply and demand, much of it gets thrown away. 

In business, you have got to realize that there is always more than enough money to go around.  When will you go out and get your share?

Abundance is a mindset, a mindset that understands how technology has removed scarcity; how the old thoughts in economics are exactly that – old. (Read Paul Zane Pilzer’s book – Unlimited Wealth for more on this.)

24.        Work Smarter, not Harder

Just to prove that thinking differently is so important, write down how much money you earned last year. Now add a zero to the end of it. You have just increased your income tenfold.   To make that much money doing exactly what you are doing right now, how hard do you have to work? 

You have to stop working harder and start working smarter.  Remember, people with jobs earn money while business owners and entrepreneurs make and create money.

Some final words

We have been discussing some key attitudinal concepts that will be fundamental to the success of your business.  Yes, there are a lot of other important concepts about Marketing, Sales, Customer Service, Operations, Employee Development, Finance, Cash Management and Administration.  There is a lot that can be done to help you develop your business in all these areas.

However, years of experience tell us that it is the fundamental attitude that you must embrace first.  Your attitude is the essence of who you must BE as a business owner if you are to get what you truly want from your business. 

This experience is also consistent with the simple BE-DO-HAVE goal attainment philosophy.  This philosophy says that in order to HAVE the things you want in life you must DO the right things.  Before you can do those things, you must BE the person that is capable of doing the right things.

A Complete Waste of Time!

Now let me be brutally honest with you.  Most of the people reading this article will gain absolutely no lasting benefit from having done so. It will have been a complete waste of time!

Why would I say that?  Do I not believe that what we have written has benefit?  Absolutely it does…. but then again, there are many great business books.  Most of them have a lasting impact for only a few people. 

In order for you to get any lasting benefit from the information I have presented, you must take some action.  Otherwise, nothing will have changed for you.  If you do not change anything, you will get the same result that you are already getting.   

Peter Cantelo (Copyright 2008)

www.vivavi.co.uk

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Sir Alan Sugar sets gruelling tasks for business hopefuls. Sixteen new candidates line up for the chance to win a six figure salary, and must sell two van loads of fresh fish.

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As far as location goes, where would be the best city in Malaysia to operate the business?

Will it be hard to apply and obtain a business license?

What is the business tax rate?

Is there a minimum wage to pay an employee in Malaysia?

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Starting a new business requires a proper strategy of effectively and efficiently using the resources. If a person wants to achieve more as a leader, as a team member, or as an individual, one of the most important things you can do is get more connected to the people whom you are working with. In this way the black entrepreneurs handle their resources in an efficient manner and achieve success in their black business.

The black entrepreneurs gather a lot of knowledge about the market through dedicated research in order to make their black business a success. It is in the hands of the black entrepreneurs to jump start their black business and gain popularity. A lot of dedicated research needs to be done before actually starting the black business. The black entrepreneurs have to be clear about the business basics and they have to confident of themselves.

One can find many black people in their business. They call it black business. The business owned by blacks is generally referred to as a black business. Blacks in business is a common sight across the world as the black have started gaining interest in doing their own businesses and thus becoming successful entrepreneurs.

The black entrepreneurs are very friendly and have a good knowledge of the market. They are dedicated towards their work and keep a regular check of their customers. Customer satisfaction is their main priority so they keep a regular contact with their customers and take feedbacks from them to know about their quality of work.

People across the town love to invest in the business and they enjoy their work with their friends. The black people are confident of the black business owned by black people. They have full faith on the people who are running the business. Initially there is risk in starting a new business but the black people are determined and strong-willed that they work hard and gain popularity by setting up their black business.

The black people who own the black business are very determined and conscious about their businesses. They have the strong will of putting their 100 percent effort in the business so that it nourishes well and thrives against all shortcomings. This way they grow their black business and gain popularity.

Experience matters a lot in the field of setting up your own business. Setting up the black business is the first initial task of the black people. They must choose the right location where they want to put up their organization. They must have adequate man-power to support their business. The working conditions and the infrastructure should be good and healthy so that the employees working at the company feel good about the company.

The black entrepreneurs work with complete dedication to take their black business to greater heights and gain popularity in the region thus making their family, friends as well as their employees proud of themselves and the black business they are associated with.

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Fran’s excited about celebrating her first Hanukkah with Maxwell, only he has to drive to Boston on business, and takes CC and Gracie with him.During their drive, the car goes off the road and Fran is left with no news on them…..

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Mature industries like banking, pharmaceuticals and insurance have been outsourcing for decades – even before the term became popular. These verticals have standardized processes in their industries which enable them to easily scale – based on the economy and market conditions.

Because outsourcing has become available to small business owners and online professionals, you can now expect the same level of scalability, efficiency and cost savings that exists in other well-managed businesses that leverage outsourcing.

According to a report titled “Global Sourcing Trends in 2009” by U.S.-based law firm Morrison and Foerster:  Most outsourcing transactions intend to produce immediate improvements to the bottom line for businesses. While this is a common reason to outsource, with fluctuating economic times like we have been experiencing lately, the flexibility to scale up or scale down (based on the business’s needs) has been the determining factor to outsource.

Smart executives are using outsourcing to build flexibility and scalability into their businesses—and to gain access to a global pool of skills at competitive cost.

The recent economic downturn led many companies, especially those who don’t have existing outsourcing contracts, to consider outsourcing. But companies who already have outsourcing agreements are re-evaluating their outsourcing decisions to find providers that offer more business continuity and integration.

In an environment where Fortune 500 companies have disappeared overnight, a successfully executed outsourcing partnership could make the difference in a company’s ability to ride out these challenging times. The flexibility to bring on needed help and expertise in times of growth – without committing to a project contract or adding people to the payroll, has been an invaluable solution to the small business owner and online professional. In addition to providing scalability, this also allows the owner to focus on core competencies of the business.

Outsourcing provides businesses with instant scalability and service flexibility, as well as reducing overhead costs.  One of the major advantages of outsourcing is that companies can now get the best from new developments without the expense.

In terms of new technologies, new processes and new ways of doing things, you don’t have to invest to do that in-house.  Outsourcing is also particularly beneficial for new businesses, or those looking to expand their operation. This includes those who do not necessarily know what hardware or software they will need.

Outsourcing providers with more experience should be able to advise companies about where to spend their money, so that they do not waste time and resources.

Any hesitation to outsource may be affecting your company’s chances to effectively scale for growth in this highly competitive business environment. As a small business owner or online professional, carefully consider your outsourcing partner when looking to expand your business and make it globally competitive.  When considering a company for outsourcing, make certain that they are equipped to handle the ebb and flow needs of your business when scaling up, and when scaling down!

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What types of things can I write off onto my business? (dinners, gasoline, etc.) Do I need a seperate business credit card/bank account for the expenses?

Do I have to accept payments towards the business's services through a corporate account, or can they make the check/payment directly to me?

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Corporate social responsibility is the buzz word in big business. In this age of environmental awareness and people empowerment, corporations are expected to behave ethically, uphold environmental sustainability, help combat poverty and support social justice. The public has learned to demand this in exchange for corporate existence.

Although it is also true that many companies get away by paying mere lip service to corporate social responsibility, a lot of other companies have found it profitable to actually do the right thing. As more and more people are becoming socially responsible themselves, companies that “go green” or use sustainable technologies in producing environmentally safe products are gaining increasing numbers of loyal customers. From hybrid cars to green home cleaning solutions to natural makeup, products that save the earth are becoming the choice of many consumers.

On the other hand, companies that have been caught red-handed – such as those proven to cause environmental contamination or those proven to outsource their manufacturing to sweatshops in developing countries – have faced censure and profit-shearing boycotts.

Aside from the profitability of corporate social responsibility, though, companies would do well to recognize that it is actually be in their best interests to ensure the welfare of the environment and the people of this earth. The planet is their business site and the people are their market. For now, at least, there is no other known choice. How can they not want to protect their location and their market?

Corporate social responsibility is not only for big business, either. Even small and medium scale companies are called to uphold its principles.

Web Dot Com and CSR

Web Dot Com is a company that offers a wide range of services in the field of website development and business process outsourcing in the Philippines with international clients.

Its comprehensive website development solutions include portal development and other custom programming, web design, graphics and multimedia design, content management systems, web based database programming, e-commerce solutions with online store applications for online shopping and online payment, search engine optimization, website maintenance and support, search engine marketing, and social media marketing.

It business process outsourcing in the Philippines includes animation and graphic design, software development and maintenance, back office processes, and contact center solutions. Contact center services include appointment setting, customer profiling and acquisition, business to business telesales, credit card processing, lead management, customer relations management, customer support and technical support.

So what does corporate social responsibility have to do with website development and business process outsourcing in the Philippines? Web Dot Com is of the opinion that they are related and that, in fact, it can do quite a lot in the realm of corporate social responsibility.

After all, Web Dot Com is based in the Philippines, a nation with 23 million people or 27 percent of the population living below the Asia-Pacific poverty line, according to the Asian Development Bank in 2008. This same country was tagged by the World Bank in 2008 as having the worst corruption in East Asia. As a corporate citizen of the Philippines, Web Dot Com cannot be isolated from these conditions.

As an expert in web-based processes, Web Dot Com is in a position to reach a wide number of Filipinos both in the country and around the world. It is fully equipped to support or even launch any advocacy online for the benefit of the Filipino people.

That is exactly what the company intends to do. Soon, Web Dot Com will be launching a powerful campaign to inspire awareness and involvement among Filipinos to positively make an impact on their own country’s fate. Watch out for this campaign.

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