In the business voyage that leads to the creation of your company the starting point is to produce ideas or discover business opportunities that allow you to reach the end of such voyage, i.e., the foundation of your company. In this sense, development of your business idea should consider the following:
- The idea must be opportune and pertinent, i.e., you must verify that the current state of markets is suitable for developing your business idea, which basically means that there must be a base of customers demanding the product or service that you want to offer. Furthermore, you must verify
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Are you facing excessive hurdles for developing your entrepreneurial project? Do you feel you could attain improved results but you are lacking a development plan and organizational guidelines? Well, don’t worry. In this post I’ll teach you how to fulfill the development of your entrepreneurship plan by means of 12 steps, carefully envisioned for leading entrepreneurs towards success. Let’s begin by reviewing the notion of entrepreneurship. First, an entrepreneur is a person who creates and introduces new things, in order to achieve some well-defined economical and social goals. Thereby, entrepreneurship simply amounts to being an entrepreneur. Entrepreneurship might … (Continue Reading)
The time for taking a decision is the hardest one, because it means the end of all of the efforts of every person involved in a process. The entire organization and its directors are depending on the decisions that are to be taken. That’s why decision making is a key issue for the organizational lifecycle. Taking a decision is an instant so important, that there are a lot of people (organization’s directors included) who are always trying to run away from taking important decisions, because they’re unable to handle the pressure or they are assaulted by huge doubts before … (Continue Reading)
There are two ways or approaches for successful persuasion: the indirect approach and the direct one. To be better understood (and in full), we’ll use a simple example to explain the art of indirect persuasion: Indirect persuasion is what a lawyer uses in a court, questioning witnesses repeatedly, asking questions albeit he already knows the answers beforehand, interrogating the accused in public when he has already obtained the confidences of the accused, and talking to the judges vehemently although what’s really important for him is what the jury thinks. Therefore, the lawyer attempts to influence the minds of people who … (Continue Reading)
In this post we will highlight the traits of successful leaders. As I’ve commented previously in The 7 Attributes of Leadership, when I have to evaluate someone for hiring, I always try to identify leadership qualities, because people with such traits perform and coordinate a lot better than simple people. In short, what I look for is people with potential, people who is hungry for more, people able to grow and evolve. And these people can be identified because they have the traits or characteristics of leaders. Besides, as time goes by, these traits will also strengthen the … (Continue Reading)
Energy and leadership must go hand in hand, which means that leaders must know the elements for their work, must have high aspirations and ideas and should perfectly understand the dynamics of organizational flow and they create energy that way. Therefore, we can define energy as the ability of an organization to act and achieve, which drives the organization forward, holding its balance and keeping it focused during downturns, transitions and crisis.
Then, the task of a leader is to use her own energy to motivate others and achieve an important organizational state: every organization’s member should be able to … (Continue Reading)
Leadership of an organization that pursues great achievements must sustain and defend guidelines leading to constant training for its leaders, comprising several areas of leadership. Training the leaders of an organization is a process that should be implemented not only as a set of theoretical activities, but also by means of practical tasks. In the following, we will expand on 7 keypoints or principles that should be taken into account for the training of business leaders.
1. Knowing rights and duties
When you train a staff, the first thing you should teach is that leaders start by knowing their rights … (Continue Reading)
It’s an obvious statement that physical energy is required for entrepeneurship. Thanks to such physical energy we are able to demonstrate resilience, willpower and perseverance. On the other hand, intellectual energy fuels the process of discovering solutions to problems and enforcing other shades of thought. It’s also very important to highlight the role of intellectual energy in the support of emotional energy, i.e., our thoughts exert a heavy influence in our emotions (you may want to read Learning to believe in order to review some nuances of the relation between thought and emotion.) On turn, emotional energy drives all … (Continue Reading)
If we believe that we are able to do something, we’ll do it. If we believe we cannot do something, we won’t do it. The fact of believing or not influences our results, regardless of the area: sportive, economic, professional, personal, etc. If we repeat an assert a lot of times, we will ultimately believe it, and by carrying it out, we are able to modify our behavior. In other words, we reprogram ourselves. Words believe and belief take a central role and a special interest in regards to our capacity for success. In every case, we must research, … (Continue Reading)
Being a leader and enacting the virtues of leadership implies, mandatorily, that we have achieved success. The converse, however, is not necessarily true: reaching success does not mean we are leaders. Success is tantamount to conquering our goals. In other words, success means we have crossed the goal line.
Leadership can be defined as the will to control processes and events, to understand what is required to focus all of the involved activities in a specific direction, and to yield the power to complete tasks and distribute resources, properly harnessing and directing the abilities of each person involved in the … (Continue Reading)