Do you want to be an entrepreneur?

Do you want to be an entrepreneur?

Nobody said that being an entrepreneur was easy. Anyone who has started his own business will tell you that it can be an activity that consumes all that will demand a lot from you but will also reward with more than financial success.

Success in business ventures is the result of many factors such as knowledge, perseverance, passion, good plans. It is estimated that every year more than 60% of businesses fail. So, if you are thinking of becoming an entrepreneur then you might be advised to think about it many times before plunging.

The road to success is long and has many phases that every novice entrepreneur needs to understand. If ignored at the beginning of every business then any business will surely fail very early. These business phases can vary from industry to industry, but one of the most important phases is market research. Although this may seem like a very logical step, it is often ignored. Market research helps in determining your market and understanding it fully.

Often, when starting, entrepreneurs are too consumed by passion and emotion to be able to carry out impartial studies of the feasibility of their products or services. If done initially, many aspiring entrepreneurs can save themselves from failure. Most business plans cannot withstand market research supervision and fail even when on the drawing board.

To be successful in any market, you need to understand market history, demographics, economic conditions and current trends. You also need to study competitors who are already well established in the market. Studying them will help you find your target audience and niche.

Many times, people overestimate the value or novelty of their product / service. This gives them false confidence promoting them to make irrational decisions and take big risks.

There may be other businesses …

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How to Impress Everybody in a Meeting

How to Impress Everybody in a Meeting

Always feel unnoticed in a meeting? Here are some tips to steal the thunder in you next office meeting and impress your colleagues to improve Business.

1) Preparation: Any meeting demands preparation. It’s essential that you prepare well in advance. Jot down your views on the topic of the meeting and prepare notes. If need, research on the subject matter. This way during the meeting when you speak or present your views, you will be much sure of the matter and there are less chances of making mistakes. Preparation will also ensure that you won’t fumble with your statements.

2) Be Active: Be pro-active and participate in the meeting. Inputs and well though suggestions will make you stand out. Be a participant and not try to take over the agenda of the meeting. Allow others to speak. This will help in creating rapport.

3) Don’t Criticize other People’s Suggestions Immediately. Constructive criticism is allowed but do not forget to give valid reasons or a better suggestion.

4) Confidence: Always speak with confidence, whenever you speak out. If you betray your lack of confidence in what you say then your thoughts and suggestions won’t be taken seriously. If you want others to take your seriously then you have to be absolutely confident.

5) Positive Attitude Creates an Aura. People who create negativity are avoided. Their suggestions will always be deemed vindictive and unhelpful to the situation. Add positive and valuable inputs to the proceedings. Always phrase suggestions and views in a positive manner.

6) Follow up: As soon as the meeting ends, make notes of what was held in the meeting. Follow up on what was decided at the meeting.…

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The Big Business Of Dogs and Dog Food

The Big Business Of Dogs and Dog Food

Dogs, canines, pooches – call them what you like, you have to admit we’re a nation of dog lovers!

If you doubt this, just take a look at the latest statistics from the American Pet Products Association (APPA).

According to the 2011-2012 APPA National Pet Owners Survey, 62% of U.S. households own a pet, which equates to 72.9 million homes. Specifically for dogs, it is estimated that 46.3 million households own a dog or dogs and that in all there are 78.2 million dogs in the U.S.

That’s a lot of dogs and pet parents! And it translates into big business. The estimate for the pet industry in 2012 is a whopping $52.87 Billion! Of this total, food accounts for about $20.5 Billion. Little wonder there are 4 major brand companies competing for a slice of this lucrative pie.

The estimated average basic cost of food for dog owners is $254 a year with an extra $70 a year in treats. Another $94 a year is spent, on average, on vitamins.

Now that’s a lot of dog chow…

But the trend of sales is not only up, it’s changing from being dominated by the “Big 4” branded manufacturers (Mars Inc., Nestle S.A., Colgate-Palmolive and Procter & Gamble) and progressively, smaller makers and marketers are taking share from the “big dogs” (pun intended).

Smaller companies can formulate with different performance requirements, putting the pet first and profits a close second. Production can be in smaller batches so that product is never more than 6 weeks or so old, rather than being over-preserved to allow for the months, even years that some pet foods may be stored in national and local warehouse distribution.

Now there’s an even more revolutionary trend that’s been over 10 years in the making. Namely pet parents becoming …

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The Gold Business – Why Do We Eat?

What madness?

The Gold Business - Why Do We Eat?

A fondness for dishes decorated with edible gold (‘Bling Food’) sweeps out top restaurants around the world. Edible gold is mainly used for luster and appearance. Thick gold leaf is only about 7.07 micrometers and is usually 23 carats. The only physical sensation associated with eating gold is the most subtle crisis; it doesn’t even feel metallic. So, if it doesn’t affect the taste, why eat it? The answer is related to metal metaphorical content. Eating gold is about self-image, allowing one to impress others.

What is the difference between ‘normal’ and ‘edible gold’ leaves?

24 carat pure gold leaf. In its pure state it is very soft and smooth and hence is mixed with other alloys to create different levels of hardness and to adjust the color tone. That is why most jewelry is 18 or 22 carat gold (mixed with other metals); 24-carat is too soft for everyday use. The same principle applies to gold leaf. When mixed with copper, silver, etc., you can get a variety of colors ranging from slightly reddish tones, to bright yellow, to white gold. Alloys that are mixed to make this variant are not edible (like copper). Edible gold (especially 23 carats) is almost pure gold but mixed with silver, which is edible, so it can really be digested.

When did we first start eating gold?

It was reported that the ancient Egyptians discovered that by eating gold powder a person could become immortal. In the Middle Ages rich people graced their lavish banquets with golden patina. Grilled birds and other meat dishes are wrapped in thin golden leaves as a display of wealth. 15th-century alchemists used gold as medicine. Edible gold-coated sweet foods are served at lunch ‘to maintain a healthy heart’. The Elizabeths created a banquet of luxury …

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Sales Of Goods Act Educational Comparison – Business Link Vs Wikipedia In 2019

Sales Of Goods Act Comparison

This is a personal comparison study between Business Link and Wikipedia’s view on the Sales of Goods Act in the UK. This is just an educational comparison and no legal meaning is meant by this discussion.

From reading over the 2 Sales of Goods acts from the two sources, the first opinion on them both is that Business Link’s act is more positive for the end consumer, it is pointed more towards the options that consumers have when/if anything goes wrong with a sale. It includes additional information about Services that are provided apart from just a physical product. Whereas Wikipedia’s version is more purely process based with not much information regarding services. They put across that they do not believe the Goods Act is as good as they would like, saying: “a new sales of goods act is thought to be overdue”. If a consumer reads this act, it may make them feel that the Act is flawed if it is put across like this.

Sales Of Goods Act Educational Comparison - Business Link Vs Wikipedia In 2019

Carrying on with Wikipedia, who states there is “a minimal amount of minor restrictions” could mean that Consumers and Businesses are in need of a new detailed Act to cover more events that occur within the selling of goods. Wikipedia explains information more about the actual sales process, rather than the actual product. Including details about the ownership of the goods and possession, that the seller must hold the full ownership of a product to be able to sell it, this keeps the consumer free from events when a 3rd party who has security on the same product interferes with the sale or the consumer. This includes the ownership transfer occurring only when the goods have been delivered as advertised, not when any monies have been passed from the …

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