What it Takes to Be a Home Business Entrepreneur

Millions of people everyday are starting a home business opportunity and therefore are becoming entrepreneurs. But do they realize what that means? Most people do it because they are looking for a type of freedom. They want to be in charge of their income levels instead of relying on the limited raise their employer is willing to give them. They want to be in charge of their schedule rather than what their employer dictates. With those two main factors in mind, the home business opportunity seekers aim at having more money to travel and pamper themselves than their existing budget allows while having the time freedom to do it and thus spending quality and quantity time with the people most important to them, usually their family.

Those are excellent reasons for wanting to become a home business entrepreneur but what about the entrepreneurial part? What about the “Business” part? Do you know what it means to be in business, to be an entrepreneur? This is where many new home business owners spent little or no time considering. Between being an employee and an entrepreneur there is a world of differences as there is between being a downhill skier and a mountain climber.

The home business opportunity seeker wants to be his own boss and take control. But what is he or she taking control of? The new entrepreneur is now the “owner” of his or her business and while this is extremely exhilarating and providing a fantastic feeling of freedom, it also means a very different set of responsibilities. Rather than being a crew member on an ocean liner following the Captain’s directives, the employee turned entrepreneur is now the Captain of his own vessel and in most cases is a crew of one. Now in charge of absolutely everything, calling the shots and answering to no one but the person in the mirror. Again very liberating but also putting the accountability in one single place.

One must realize this before making the jump from employment to entrepreneurship. Nobody will order you what to do, you have to order yourself. Nobody will give you project deadlines, ask for progress reports and evaluate your final results, you will be expected to take ownership of all this and be accountable to you. When your business is not going the way you would like, you only have one person to turn to; yes the person in the mirror.

When being an employee, it usually means that you are employed by a business or some type of organization. And the name says it, it is “organized”. The employee’s work responsibilities fall into an organized system where all have a set of functions to fulfill that are accountable to a hierarchy of employees all the way to the top person who makes the overall decisions. No matter the size of this organization, the bottom line is that the owner(s) and/or the top employee (President) are the ones designing and defining how this well oiled machine will work and dictate who will do what – they design a system and plug in employees in each of the functions that will make the system work and deliver the desired results. Being an employee often means you have a limited view on the overall picture of how a business/organization is operated because you’re told what you need to know to make sure your function puts out the desired outcome.

When becoming an entrepreneur, you need to have a much broader and overall view of how things work because you’re the owner, the President, the Vice-President, the Director, the Manager and the Customer Service Representative all in one. You’re a one man show and therefore you must think differently than an employee does. With great freedom comes great responsibilities. If you have that level of responsibilities in you, then by all means, you have what it takes to be an entrepreneur. The responsible person is by definition accountable to themselves which is also a requirement to call yourself a home business entrepreneur. Add a good dose of determination to stay focused on target and voila, you have the recipe for the right person to fill in the chair in your home office. With those traits, all you need is to surround yourself with the right people to make it worthwhile and feasible to reach the income goals and time freedom you seek.

“Oh wait a minute Pierre, I thought you said I was a one man show! Who am I surrounding myself with?”

You surround yourself with the people who will design your system and fill in the functions you do not have the skills for yet. It would be difficult for you to fulfill all the functions of President to Cust. Service Rep. if you have limited knowledge of how to run a business, and this no matter how responsible, accountable and determined you are. You need to surround yourself with the people that have done the homework for you and have designed the system, applied automation to it in order to leverage your time, strategized on market penetration so you don’t have to wait to learn marketing before you see results, developed training so you can learn as your business grows and finally, implemented support so you always have someone to turn to when you need a Mentor, this way you’re in business for yourself but never by yourself.

The last place I was employed at several years ago was a business where the President was the owner and there are two things I noticed in my stay there which are still serving me today. First, is the fact that my work effort was producing 10 folds the money I was paid for which is why being employed is not the way to get rich. Second, the owner was far from having all the answers but he was wise enough to surround himself with the people that knew the answers.

You can be the owner of your own business and not know everything there is to know about running a business as long as you know who to surround yourself with. All you have to do is surround yourself with the system experts, automation experts, marketing experts, training experts and support experts and then, you call the shots; you’re a home business entrepreneur.

How to Have a Business Entrepreneur Idea

It’s very tough when you see a new and successful business entrepreneur idea not to feel a little annoyed. You ask yourself: Why didn’t I think of that? This is especially so if you feel you really have been committed to coming up with the next big thing. So here are a few tips to help those ideas come to mind a little more easily:

Business entrepreneur tips

Expect ideas to come to mind – This might sound a little lame as a starter, but your reality is formed very much according to the thoughts you entertain most frequently and with most passion. If you don’t think you will have a great idea, and you then make it worse by beating yourself up about it on a daily basis, you are shooting your ideas messenger before he can even set off to tell you anything useful.

Keep an open mind – Similarly, don’t rule out anything for any reason. Ideas can come from anywhere and you don’t necessarily need in-depth knowledge of a subject to create an entrepreneurial business from it. If you have a great idea, you can learn what you need to know, or you can bring in people who have the requisite knowledge.

Write down your ideas – Whatever comes to mind, write it down. It may not make much sense to you now, but it could trigger a fresh idea in a week or a month that does take off. Or it may be that you don’t have the time to deal with an entrepreneurial idea right now, so you file it away in your brain for later. Then you forget it. So write it down.

Talk about your ideas – Other people are a great sounding board, and can often bounce back some magical ideas in return. Talking helps clarify ideas in your mind. Make sure it’s someone you can trust, though; you don’t want a rival running off with your idea and developing it.

Keep a learning attitude – Enjoy the idea of learning new things on a daily basis. This is really easy with the internet. Or grab a magazine and dip into articles you wouldn’t normally read. You never know when a business idea may pop out at you, even from an unfamiliar topic. Talk to people in other business ventures, or anyone who seems to have an unfamiliar take on life. If you limit your learning, you limit your source of ideas.

Find out what people want – If you know what other people want but cannot get, you have identified a potentially good business opportunity. The best business entrepreneurs in the world are able to solve the problems of other people buy providing a relevant product or service.

Research your ideas – If you really think you’ve hit upon a good entrepreneurial business idea, do some research to establish if anything else exists like it. Weigh up if you will be entering a marketplace you can thrive in, or barely survive in.

Go to bed – Some of the best business entrepreneur ideas come when you are sleeping, or existing ideas work themselves into a better form when the unconscious mind is allowed to play around with them. Keep a pad and pen by the bed, just in case.

How to Stay Motivated As an Online Home Business Entrepreneur

No matter how dedicated and passionate you are about your online home business, as an entrepreneur who works from home it is inevitable that at some point you are going to find that your motivation levels begin to drop. This is something that will happen slowly over a period of time, so that you don’t realize it until you find that your productivity has almost slowed to a standstill.

Because this happens over a period of time, there are ways to maintain your levels of motivation by developing some daily habits. If you fail to do this what will happen is that your online home business is going to crumble, so it is essential for you to keep up on your daily tasks and keep your head in the game.

The best thing to do when you begin to lose focus is to just take a short break. Depending on your preferences you could either go for a walk to clear the cobwebs from your mind or maybe just take the whole day off.

Some people find that the best thing for them is to just change from the project they are working on, to something else for a short while but irrespective of how passionate and driven you are to succeed, there will be times that you find your motivation to carry on faltering, and just trying to push through it can do more harm than good. If you are not sufficiently focused your chances of making mistakes will increase or alternatively you may find yourself just not working efficiently. When you take a break it gives you the opportunity to refresh your mind and come back to working enthusiastically.

Two hours of focused and efficient work will reap better rewards than eight hours of trying to work and losing focus all the time. A break can help to get you feeling energetic and focused and you will achieve far more.

Another option to remain motivated is to set boundaries on the time you spend working. One of the difficulties faced by many online home business entrepreneurs is that they tend to spend most of their time in front of their computers. If you plan your time so that you allow time for family and friends in your schedule, just as you would if you worked a 9-5 job then you will have more motivation and focus when you are working. Let’s face it you wouldn’t spend 60 hours or more per week working in a regular job and just because you are working from home doesn’t mean you need to increase the hours you work.

Keep your motivation high by making sure that you really enjoy your free time. Many people feel guilty when they take time off and end up spending that time worrying that they are not working. One of the main reason why people choose to work from home is the freedom of choice that it allows, so enjoy the time when you are free, it will benefit both you and your business in many ways.

A big issue in the workplace and one that is regularly addressed is motivation and there is a good reason for this. When you are not motivated you will make more mistakes, you will not enjoy what you are doing and your work performance will suffer. This applies equally to running an online home business. Be pro-active, take regular breaks, set boundaries for yourself and enjoy the free time you allow yourself. By doing this you will keep your motivation levels high and you will find greater success for your online home business.

Youth Business Entrepreneurs – Useful Tips

Who is a Youth Entrepreneur?

A youth business entrepreneur is a passionate industrialist, who produces certain selected products and distributes them to consumers to make a handsome profit.

Youth entrepreneurs are usually more energetic to take part in all the commercial activities of their entrepreneurship. They work hard to establish themselves from a very young age in the commercial sector.

The legitimate acceptable age for youth business entrepreneurs to start any commerce is 16. The ideal time for youth entrepreneurs to undergo business training is during their academic term, when they are pursuing a degree or diploma.

Health of young enterprisers has to be stable since, business activities are demanding and can have a bad effect on the health. They are also required to work for longer hours, to achieve the set objectives of the day.

Youth entrepreneurs need to supervise almost all the business activities, and hence they have to be accessible at any time. They also need to prepare themselves to work and conclude the task effectively and successfully.

Important Factors:

Entrepreneurs have to take lot of risks, if they wish to grow and establish themselves in the market. For this, it is important that youth business entrepreneurs prepare themselves mentally to take tough trade decisions.

To start with, entrepreneurs can examine the administration and technical support system of a couple of small business development centers and participate in special management programs. Several universities, colleges, and business schools around the globe conduct venture capital forums, youth business programs, and entrepreneurship seminars.

With the assistance from several collegiate entrepreneur associations, youth business entrepreneurs can educate themselves on myriad topics. Such associations, notify, encourage, and support youth’s business ideas to mold them into successful capitalists of tomorrow.

Further, they can also extend their commercial talent by surfing the internet. They can browse several sites devoted to tips and tricks related to youth entrepreneurships, to educate both the business and mind. Some sites also entail inspirational stories of victorious young entrepreneurs to inspire upcoming youths.

Youth entrepreneurs can hone their skills for executing the business by undergoing training for manufacturing the goods, marketing, packaging, and managing good customer rapport

Youth entrepreneurs need to march beyond the boundaries to achieve huge success in their industrial venture. Therefore, it is essential for them to gain knowledge through reading, experimenting, studying, and observing.

Youth Entrepreneurs Program:

Youth entrepreneurs program motivates young people to initiate their own full-time businesses and pursue self-employment as a career option. Such program accepts applications all through the year from youth aging between 18-29 years.

Young entrepreneurs under this program are eligible to meet a grant of up to $4000 to aid in paying their business start-up costs and capital expenses.

Youths interested in such a program are required to submit a complete program application and a business plan.

The young entrepreneurs program offers grant to repay approved applicants, for suitable business startup costs and capital investments. The grant depends upon the capability of the applicant.