Design a business you love.
Thank you for the photograph Joshua-Rawson-Harris from Unsplash
What is the difference between an Entrepreneur and Entrepreneurship?
An entrepreneur is a person who starts a business. An entrepreneur is a visionary and bears all financial risks. He focuses on starting and expanding his business ideas. His key motivation for an entrepreneur is the achievements. The rewards for all his/her efforts is profit that he or she earns from the enterprise, and lastly Entrepreneurs can be formal, informal and casual.
Entrepreneurship is the process of starting a business by identifying potential markets, additionally, you will gather the necessary resources, manage the business plus identify risks.
Furthermore, entrepreneurship generates new wealth in any economy of any country.
The French word “entreprendre”.
The word “entrepreneur” derives from the French word “entreprendre” which means “to undertake”. So, it’s the person who undertakes the risk. One of 10,000 + English words that derive from the French language.
Magazines to read for Entrepreneurs:
After all, the most trusted business magazines for many entrepreneurs is Havard Business Review then for small business and my favorite magazines are Inc ,Wired and Fast Company.
The only business magazines for entrepreneurs that publishes on a weekly basis is Bloomberg Business Week.
Fortune writes “in depth” on wealth and about businesses.
The best advice I can give to aspiring entrepreneurs is to first learn how to sell and turn your social media into a shoppable store front.
What do I need to do as an entrepreneur?
Of course, If you want to be a great entrepreneur and a successful individual, the first thing you need to do is to find the need and find a solution for it. Secondly, you have to keep doing what you believe.
Moreover, never compromise for the sake of money, the sake of power, or the sake of fame because they will be all short-lived.
Entrepreneurship Tips! Maybe you want to change the world for a better one by reusing trash and litter found along the highways and through the cities. Maybe your idea could be focusing on products and you prefer to focus on selling tangible items to customers like a clothing store and so on… Statistically, most new products are in construction and manufacturing. For instance, Concrete, Steel, Bricks, lumber also check manufacturers.
You are a social media influencer and you could make a living trying out different products and sharing your honest experience through social media with your 2 million followers. When you have this many followers, the companies that you promote their products will pay you for your influential impact with potential customers.
Who started an online bookstore in his garage and has grown to a multi-billion dollar business? It’s Amazon.
Write Down What?
Write down on a piece of paper your 10 goals that you will like to accomplish in the next 12 months and write down today’s date. Write them in the present tense, I earn.., I achieve…, and take action.
In fact at Fiverr, they will be working together with you to design your needs, and your wants. Fiverr’s platform connects freelancers (sellers) to people or businesses looking to hire (buyers), encouraging a wide range of services in a free market. In other words, you pick your designer to create a logo design, illustration, SEO help, Accounting, web design and so much more. Your choice.
Shark Tank Investor
Investors aren’t just drawn to startups that interest them because they’re more enjoyable to invest in. Matter of fact, it’s because that’s where their expertise lies.
Connections are important
First, the investors want to give their money, followed by their expertise and their new partners can take advantage of their connections and business savvy, and Sharks are happy to provide that.
Firstly, you need to create a Business Plan, importantly the Cash Flow, how much money is coming into your business and how money is going out, and lastly you need to show your expenses.
What is your Niche and Business Model: Maybe you have already identified your Niche or business model (what are you good at) and the fact that you as a business owner, you have personally invested in the type of business that will provide a reason to succeed. That’s great!
Fill a need: While you fill a need for a product or a service that you offer is unique, it will automatically be a demand.
What is it you can manage and get paid for: What do you love to do? What are you great at? What you believe the world needs, and can you get paid for your services or products?
Designing or inventing a product: Find the solution to a problem and what would this solution look like in the form of a product. Is there a demand for your product? What makes you Unique, give your readers what they want. Lastly, give them solutions to their problems, and not a sales pitch!
High-Profit Margin: Although you might have the best product in the world, if you spend $25 to make a product that costs $30, how are you going to make a high-profit? A crucial question to ask yourself.
Is your product or service affordable? Strictly defining the ” s “of a product can instantly exclude huge portions of the population and thus market potential. On the other hand, getting $40 for a product is easier than getting one for $4,000.
What if you failed?
First of all, I don’t believe in failure. If you believe, you will fail then you will fail, but If you fail, try to use the Scientific method to find out why you failed. First, make an observation, secondly, ask the question why, thirdly, propose a hypothesis, and fourthly, make a prediction, and test your prediction, and the conclusion is the result?
A great quote to always remember: I am not what happened to me, I am what I choose to become.
Learn how 99designs work:
99designs is a platform that connects people who need graphic design work with talented designers from around the world. Here’s how it generally works:
Start a Contest:
You, as a client, have a design project in mind (e.g., a logo, website design, or business card).
You go to 99designs and start a contest by providing details about your project, such as your preferences, requirements, and any specific ideas you have.
Designers Submit Entries:
Designers from the 99designs community see your contest and submit their design ideas based on your brief.
You can start receiving various design concepts from different designers.
Provide Feedback:
You can give feedback on the designs you receive, suggesting changes or indicating what you like.
Designers use your feedback to refine their work and submit updated versions.
Choose a Winning Design:
After the contest duration (which you set), you review the designs and choose the one you like the most.
The designer of the winning entry is then awarded the prize money you specified when starting the contest.
Receive Final Files:
Once you’ve chosen a winning design, you receive the final design files from the designer.
These files are ready to be used for your intended purpose, whether it’s for a website, business card, or any other application.
Optional Collaboration:
If you find a designer whose style you like during the contest, you can also choose to work with them directly on future projects.
In summary, 99designs is a platform where you can get custom designs by running a design contest, and you get to choose the design you like the most. It’s a creative and collaborative way to get graphic design work done.
“Business opportunities are like buses, there’s always another one coming.”~Richard Branson
Why I should Know about GDP, Gross Domestic Product?
GDP, or Gross Domestic Product, helps to determine the economic health of a nation because when it increases it means that people are working and goods are in demand.
I hope by sharing my experiences will inspire you to change your course.
Sharing my experiences
If you don’t have a clear vision of where you want to go and do in your life, someone else will control you and someone else’s will control your vision. I am an example of that, I created someone else’s vision and not my vision, and not planning what the future could hold for me. Remember, we have one life in this beautiful earth.
Change your course: If you don’t like what you do right now, and it’s not working, and you are unhappy then don’t you think you need to change your course. If you don’t start now then when are you going to start? Remember, we have one life.
Create an executive summary, your mission, your vision, and your purpose.
Your target market, What is the product or service intended for?
Define your competitors, their strengths plus their weaknesses and lastly determine your competitive advantage.
How about suppliers/vendors, will you require outside sources and suppliers that you will be using on a regular basis.
In conclusion, your marketing plan, how will you get your products or services in front of ideal clients, and your financial projections. How many social media platforms will you use. Two of my favorite companies for your design needs, your logo, website, business cards, book cover and so on it’s Fiver and 99designs they can connect you with the right creative expert.
Did you know 80% of small businesses survive their first year of existence.
This page Contains Affiliate links which means at no added cost to you I may receive a small commission for each purchase that you make..Thank you for your support.
English (United States)