Why do we fall ?

There are several reasons why people tremble down like avalanche in business. People might be interested to start  business which they are not familiar with, but they tend to have a wage idea about it and start the business thinking that they could learn about it during the development of the business. Of course this scenario is possible for those people who are focused and are eager to improve their business, they tend to have a "fire" to grasp things which are very essential in a sustaining a business.
Entrepreneurs fail to have a lack of vision .Many reports have suggested that business failures occur due to poor management. New business owners frequently lack relevant business and management expertise in areas such as finance, purchasing, selling, production, and hiring and managing employees. Unless they recognize what they don't do well, and seek help, business owners may soon face disaster. They must also be educated and alert to fraud, and put into place measures to avoid it. Location of the company also plays the vital role in developing the business.

Entrepreneurs fail for lack of vision. The entrepreneur on the path to doom is the one that will never think of tomorrow. If you cannot literally see yourself and your business far into the future beyond today, then you are on the path to destruction. - See more at: http://www.naijapreneur.com/why-entrepreneurs-fail/#sthash.lZSHN3Ff.dpuf

Entrepreneurs fail for lack of vision. The entrepreneur on the path to doom is the one that will never think of tomorrow. If you cannot literally see yourself and your business far into the future beyond today, then you are on the path to destruction. - See more at: http://www.naijapreneur.com/why-entrepreneurs-fail/#sthash.lZSHN3Ff.dpufEntrepreneurs fail for lack of vision. The entrepreneur on the path to doom is the one that will never think of tomorrow. If you cannot literally see yourself and your business far into the future beyond today, then you are on the path to destruction

Entrepreneurs fail for lack of vision. The entrepreneur on the path to doom is the one that will never think of tomorrow. If you cannot literally see yourself and your business far into the future beyond today, then you are on the path to destruction. - See more at: http://www.naijapreneur.com/why-entrepreneurs-fail/#sthash.lZSHN3Ff.dpuf

How to hire the right candidate for your company ?

How to hire the right candidate for your company ?
There are several ways in which you can determine whether a candidate is worth it or not. Here are some enlightening strategies which you can use :

While you are interviewing the candidate look for a spark in their eyes. These candidates answer with involvement and passion towards their job. Ask basic technical questions to find out whether the candidate has completely understood what he has studied in his graduation . When you call a person over the phone for asking him/her to attend the interview, it gets a little tricky. The first and foremost thing you have to do is to ask them to introduce themselves . Listen carefully to their speech. Interested candidates will have a tremendous confidence and their flow of speech will be at ease, that is , without repetition and error in language.

While you are interviewing the candidate look for a spark in their eyes. These candidates answer with involvement and passion towards their job. Ask basic technical questions to find out whether the candidate has completely understood what he has studied in his graduation .
There is another way to test the candidate. Determine his or her potential based on the question which she asks you as well. Did the person have any question? How many questions did she ask? Where they irrelevant ? Place a high value on attitude, work ethic, and motivation.  Watch out for candidates who have had trouble following through with commitments or have had difficulty getting along with managers and/or colleagues.

How to start a business with low investments ?

 

 Many people want to start a business with a small amount of money. Here are a few platforms and business ideas which might provide you with good yield.

Interior Designer – Everyone today want services from interior decorator, so starting interior designer business could be best deal but remember here you may need special skills.

Freelancer – If you are good at programming,article writing,web designining,grapics there are multiple websites available which can give you freelancing work and you will be paid for the same.

Recruitment Firm – Today, job is prime requirement for anyone and people usually opt for recruitment firm to get good job. Starting recruitment firm could be good business option for you.

Starting online Blog  – If you are good at content generation and had good knowledge about any field you can start your online blog and earn good money.

Xerox & Book Binding – Many college area and school area don’t have this facility and could be good potential business in that area. This type of business can be very profitable as students are relying more study materials and notes compared to the text book.

Real Estate Consultant – Real estate is ever growing business so starting consultancy for providing guidance about real estate and buy, sell and rent option is good business option.

Match Making or Wedding planner – It is said that marriages are made in haven but celebrated on earth  So in order to celebrate/enjoy marriage many people today go for wedding planner. In today’s scenario match making or wedding planner is good business option to start with.

What are Do's and Dont's when starting a business ?

Do's
Learn your intended business by working for someone else in the same business first. Test market your product or service before starting or expanding. Say for example your starting a software company, since the product and service in the market has already been developed it would be wise for us to chose up another product or service type.Talk to lots of people in your intended business for advice. This might help you get an idea about how to bring about the business in a flawless and neat manner.

Dont's
Do not think about leaving your job before you have completed start-up plans. Once you have completely designed your new business, you may leave the old job. Select a business in which you must have the lowest price to succeed. Never ever chose a field which you dont like. Chose a field in which you are interested and keen to learn about. This in turn helps in developing your company. Ignore the negative aspects of an intended business. Hurry to select a business. There is no penalty for missed opportunities. Sometimes you must be quick in selecting your domain as many others like you will want make money through the opportunities available for them.

Business modelling.

Business model is nothing but, representing business logic of the company by which it makes profit. In simple words it the representation of how the company makes money.Your business model components can be described as follows:

  1)  Value Offer : The overall view of the bundle of products and services I offer.
   
  2) Key Activities : The arrangement of the activities and resources I use to make and provide my products and services.
   
  3) Partner Networks : The outside partners and alliances that help me make or sell my products or services.
 
  4) Core Resources : The principal or unique repeatable capabilities I have for creating value for my customers.
 
  5) Cost Structures : The sum of the monetary approaches and cost methods I use to run my business model.
 
  6) Customer Relationships : How I keep what I make in sync with what my target customers want or need.
 
  7) Target Customers : The customers I want to offer value to.
   
  8) Distribution Channels : The means by which I deliver products and services to customers (including marketing and distribution strategies).
   
 9) Revenue Streams : The various ways I price what my customers must pay for what I sell.

Business modelling is very essential to sustain one's business .