Business Tips
DETERMINING PRODUCT LINE AND BUSINESS TYPE
You can now focus on what specific type of product or service you want to sell. Some of the factors given for consideration will help you come up with a great idea for a product. What specific fields are you interested in? Can you apply your skills, hobbies or work experience to this field? Below [...]
Looking OutSide
After looking into yourself – your personal qualities, your interests, skills, experiences and hobbies and how these would orient you towards a business of your own, you may now look around. See if the environment is a conducive one for entrepreneurship.
Here are some questions to ask about the “outside world.”
1. How adequate is the infrastructure [...]
Looking WithIn
Do you have what it takes to go into business?
A successful entrepreneur possesses personal qualities that will help him grow and thrive his business. Extensive research by the Management Systems International reveals ten Personal Entrepreneurial Competencies (PECs) that lead to success. These are grouped into what are known as the Achievement Cluster, the Planning Cluster, [...]
