Sunday, January 28, 2007

Robert Kiyosaki and Donald Trump

Robert Kiyosaki and Donald Trump speak are interviewed regarding a new book they co-authored "Why We Want You to Be Rich".

Tuesday, January 23, 2007

ARE YOU A NETPRENEUR?

Who is a netprenuer? Actually the word netpreneur brings images to mind of a young geek. A person in his early twenties who has the courage to break the conventional rules to build up an online business from scratch is our netpreneur. There was a time when netpreneurs were thought to be some kind of mythical creatures. They came from nowhere and made millions in the market. And that image is still itched out into the minds of many but to be honest these are just images. The reality is very different.

The majority of netpreneur are still young but they are not some kind of eccentric genius. Anyone can be a netprenuer these days. That is the result of easy access to internet and the desire of people to take some risk and start their own online business venture. Netpreneurs are like any other entrepreneurs. The only difference is that netpreneur as the name suggests is a special class of entrepreneur who has some special technical skills that could be used to earn money online. Actually all the qualities that are needed to be an entrepreneur is also necessary for being a netpreneur and what is more, a netpreneur should have an added skill related to running an online business.

The best thing about a netpreneur is that you don’t need to be some super geek where computer software is concerned. Anyone who wants to earn some money online could be a netpreneur. The only thing needed is your determination to do something worthwhile. If you are currently employed somewhere you can go on with your job and also start a new online business venture in part time. This way the risks associated with starting ones own business venture gets mitigated a lot.

There are many aspects of netpreneurship. It all depends on your skill set. If you are skilled technically, you can offer such services to your clients. If you don’t have such technical skills, you can try to sell products online. For that you don’t need much technical know-how. What is more, even if you think don’t have products to sell; there is nothing to be disappointed about. There are a number of affiliate programs on the net that allow you to sell their products on a commission. There is also an option of auction sites on the internet like eBay. You can sell and purchase products from such online auction sites. The trick is in finding products at cheaper rates and selling it at higher rates.

As this discussion shows, it is just about your skill set that matters. The avenues for a netpreneur are many. It is for you to decide which one suits you the best. What you should always remember is that just because a business is online it doesn't mean it doesn't follow the rules of business. You have to run it as any other business and act as any other successful entrepreneurs do.

So, before you take the plunge ask yourself what is it that you are good at? And when you find the answer you should plan your business venture accordingly. The world of internet is full of information about online ventures and netpreneurship. You need a little bit of research to come out with the exact business plan that could catapult you to success.

Monday, January 15, 2007

DO YOU WANT TO BE A MINIPRENEUR?

Most of us find ourselves trapped in nine to five jobs and even though the desire to do something worthwhile exists but job security and several other such considerations stop us from taking the one step that could change our future forever. And that makes me come to the topic of minipreneur. Who is a minipreneur?

Well minipreneur is our entrepreneur but with a little difference. If you find that you are not in a position to leave your job, you can start some work in your part time without actually quitting your job. And that would make you a minipreneur. Minipreneur is anyone who starts with a small idea but with a vision that could take him to the highest platform of success.

The best thing about minipreneur is that you don’t exactly need to spend all your time at it, in the beginning. After all, you must have liabilities with you and you could not risk it all. So, the best course of action would be to initiate some business in your part time and continue with your job. And the moment you feel your part time business has grown enough to occupy you full time, you can quit your job and start concentrating fully on your business.

And if you are still skeptic about what I am telling you, why not have a look at some statistics that voice the same opinion that minipreneurship is in.

1) Surveys reveal that over seven hundred and fifty thousand American Citizens are getting their primary and secondary source of income from eBay. And what is more over one and a half million persons claim that they augment their income by selling on eBay.

2) About fifty thousand people in the United Kingdom draw a large portion of their income by selling goods online.

3) There are over five million "Web Driven Entrepreneurs" that we call netpreneurs, in the United States. This accounts for about twenty five percent of all small businesses.

Now the next pertinent question must be about the cause of this boom in their numbers.

1) The revolutionary penetration of internet into our households have made ordinary people like you and me realize that money could also be made by engaging in a bit of manufacturing, enterprising, venturing, selling, trading, and auctioning. The opportunities are infinite on the net. The only thing needed is your sincere effort.

2) Being a minipreneur gives you control, independence, and charge of your destiny and that is what all of us want. Who doesn’t want to be one's own boss and earn money too?

3) And one of the most motivating factors is that minipreneurship is in. It's the new rage in the world of internet. And it doesn’t matter how small you have started. You can think big and you can achieve big. You can achieve big by starting small. Be a Minipreneur.

4) Another reason is the risk involved. Yes, the risk involved is very less as compared to slugging it out at some other job. What you must understand is that you need to provide customers with more choice and more variety. You need to find products or services that are different or that are special or that are vintage or customized or something that no big corporation could develop because of profitability concerns. One such product and you have made it!

It is true that talking about minipreneur is really simple but the real work needs to be done to achieve success. And that would involve determination, hard work and out of the box thinking. Once you do that, well you are on your way!

Thursday, January 11, 2007

WHO IS A TECHNOPRENEUR AND A MINIPRENEUR?

Most of us have heard of the word entrepreneur and the meaning that single word conveys. Yes, an entrepreneur is the one who is willing to own and operate and take the risk of operating any business. He is the one who manages all the factors of production to carry on with production. But with time, the purview of the word entrepreneur changed dramatically and it became a comprehensive word signifying a lot of different aspects of business.

Two major extensions of entrepreneurship that has resulted due to the changes in the markets are Technopreneurship and Minipreneurship. The words are self explanatory but let's try to have a look at these words in more detail and try to understand the basic essence of these words. Who exactly is a technopreneur? Well, he could be understood as a new age entrepreneur who makes use of technology to come out with something new or to make some innovation. And once he is successful in it, he exploits his achievement in the market to make money.

What differentiates a technopreneur from any other businessman is the way a technopreneur operates his business. His business is generally marked with a high growth potential and high leverage of knowledge and intellectual property. What is more, he always has a viable exit mechanism.

Then we can have a classic entrepreneur. He is the one who starts his own business. Or you can have a multipreneur who starts a number of companies as per his potential. But the maximum number of entrepreneurs falls in the category of intrapreneur. These are the ones who use their creativity, their knowledge, and their drive in a large corporation. And yes, how can we leave aside a minipreneur. Yes, he is the one who doesn’t possess huge capital base to start a large business but is the one who starts a new venture with this limited capital and with the help of that small capital base expands his business to great heights.

If you are thinking of starting a new business venture of your own, you should asses yourself very objectively if you are game for it. For example, if you are thinking to be a technopreneur, you need to have some personal traits that include being ambitious, independent thinking, passionate about your work, self confidence to take bold decisions, commitment to your job, creativity in good doses, having risk taking abilities, and having a vision for future.

So, if you want to be a technopreneur, start with assessing yourself, if you are really for it. And be very honest about it. You can't cheat yourself. What are your interests? Are you really interested in being a technopreneur or are you joining the bandwagon? Do you have the aptitude to be a technopreneur? What are the relative advantages and the disadvantages of being a technopreneur?

You must be very sure of what you want. Another option could be of being a miniprenuer. The best thing about it is that you can continue in your present job and pursue your business in part time. And when you think that you are ready to pursue it full time you should leave your job and do it full time. It all depends on your personal choice and personal willingness.

Sunday, January 07, 2007

Why Do You Want To Be An Entrepreneur?

Most of the discussions start with the question, "How can you be an entrepreneur?" and "What should be done to be a successful entrepreneur?" but the first question that must be dealt with is "Why do you want to be an entrepreneur?" Do you really want to be an entrepreneur? This is the first question that must be asked by anyone and everyone before thinking of starting any business venture? This is the moot question. And yes, first of all you would have to understand who is an entrepreneur? What is entrepreneurship per se?

The word entrepreneur comes from Latin. Entre-enter; pre-before; neur-nerve center. Taking its derivation we could understand entrepreneur as someone who enters the nerve center of a business that no one entered before and then makes changes to it that results in a paradigm shift in the whole process. An entrepreneur is the one who is willing to take risk in any business endeavor. Entrepreneurship is the art of finding an opportunity and then pursuing it to success. As a saying goes "brilliant people also see the same things that others do but they observe things that others don’t." It is the same with entrepreneurs also. They come out with ideas that others don’t think about and that is why they become successful.

Another term which has found a lot of popularity in recent time is a technopreneur. Well, a technopreneur could be understood as an entrepreneur in a business related to technology. It is generally seen that a technopreneur generally has some kind of proprietary and patentable intellectual property rights that he commercializes and reaps benefits out of it. Technopreneurship is a term which is generally used for software companies.

Now let's talk about our earlier question. Why entrepreneurship? Why are you thinking of being an entrepreneur? Do you really want to be an entrepreneur or is there some kind of compulsion to be an entrepreneur? Is it because you don’t have any job or you currently find yourself out of job? There are many who get into the field because that is what his father and forefathers have been doing. Well, after all, it is their family business. And there is another category that interests me the most. It is the one where people claim that they want to be entrepreneurs for the very simple reason that they want to be entrepreneurs. Entrepreneurship is in their blood.

It is for you to ask yourself. Why do you want to be an entrepreneur? I would like to tell you one thing. Entrepreneurship can really prove very rewarding but and this is a very big but, it is very risky and not easy. Until and unless you are ready to slug it out till the end, the chances of success are very limited. If you are fed up with you daily office routine and want to try your hands in entrepreneurship, let me tell you that the time you would have to spend for your own company would be far more. The effort that you would have to make would be far greater than what you have been making. There has never been any short cut to success and there would never be any. But yes, when you really become successful, the rewards compensate for everything.

The avenues open are many but you would have to make appropriate choices. The present time offers you opportunities where you can earn money and make a mark for yourself without actually investing too much of capital. Yes, we are in the age of "MiniPreneurs" where anyone and everyone can start a business of their own.

If you want to read more, wait for the next article on MiniPreneurs . We would also be discussing on NetPreneurs.

Wednesday, January 03, 2007

Be Focused To Achieve Better Results

Most people are so tied up in goals that they fail to focus on the more important things. Life is more about achieving a lengthy list of goals. More importantly, you need to sharpen your focus and get better results rather than just dissipating your energy in every corner. There are
several people who are successful and rich yet they do not enjoy contentment. This is because they lack focus on what they are and would like to be.

You need to decide how you see yourself and how you wish others to see you. Based on these you need to pick values that reflect that image. There is no predefined set of values that you can adhere in general. You need to fix on three values and make them the core of all your beliefs and actions.

This requires significant personal alteration because your every action has to reflect those chosen values. Any decision, personal or professional, that does not fall within the scope of these three values needs to be reconsidered before application.

Another thing you need to understand is the difference between a goal and a mission. Goals are the milestones in a mission. A personal mission is an ongoing process that may or may not complete during your lifetime. This is basically an ideal that you strive for. For instance, ending world poverty is a good and worthwhile mission yet a nearly impossible one. Most people do not have any mission at all, just a bunch of goals.

The point is that these simple factors are what lend focus to life and also encourage a greater ability for accomplishment and the contentment that follows. Choosing goals carefully and focusing on the mission is the secret of successful people. Setting a dozen personal goals is less effective than choosing a couple of them from that dozen and dedicating yourself to their fulfillment. Selective focusing will save more time for other goals instead of wasting more time through dissipation of your efforts. Establishing focus is also important so that you do not waste time doing things that may be related to your goals and mission but not critical for them.

Most people complain that they never have time to pursue what they think is important but the fact is that they spend way too much time doing things that are completely unimportant and then turn around and say they have no time left. This happens because people see their tasks in order of convenience and not importance.

Successful people work for fewer hours a day not because they have succeeded but because they are focused and clear on what they need to do. That is why they finish their tasks sooner and have more spare time.

The Ideal Way to Succeed

Most people have experienced dreams that were completely indistinguishable from reality. Quite often people also wake up and feel disappointed because their dream came to an end. It is believed that dreams are communications from the subconscious mind that are telling respective dreamers what they really desire. While dreams turning into reality sounds a bit silly because we know that dreams and reality do not always coincide, there are many examples in real life where people have followed their dreams and converted them into reality. You will hear many people speak of a vision that they followed to success. That vision might as well be your dream.

Every one learns at least once that Thomas Edison invented the light bulb. What seldom gets mentioned is that it was his dream to do so. His dream or vision was so captivating that he could not let it go. It took him time and more perseverance than most other people but in the end he did it. A similar example is found in Colonel Harland Sanders of Kentucky Fried Chicken. All he had was a recipe and a desire to be a nation-wide franchise. At age of 60+, he too went through several dejections before he finally started getting accepted and now the KFC chain spans the globe and makes him millions every year.

There is nothing miraculous about the above two examples or the hundreds of others similar to them. The power to achieve your dreams is already within you and the only thing lacking is clarity of the process.

This is where the difference comes between a dream and a vision. A vision is more real than a dream. You can literally live your vision before you achieve it; it is inseparable from reality. It takes a lot of belief and faith in your dreams to turn it into a vision. When that happens you will notice that you and your life automatically begin to orient itself towards making that vision a reality and nothing can stop you. Every one wishes to have a home but very few people have the power of vision to see themselves living in that home before it is theirs.

Your future is pliable. Just spend 15-20 minutes every day with your eyes closed and envisioning it. Be clear and as precise as possible. If wish to live by the ocean then during those 15-20 minutes you must really feel as if you can smell the ocean and feel the breeze. You have to believe in this without any shadow of a doubt. Once the picture is rooted in your subconscious you will experience an inner drive to turn that vision into reality.

The clearer the vision of your desires and the greater the depth of your belief in that vision, the easier it will be for you to accomplish it.