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Suggest You - Creativity and Motivation: Traits From Within
If you're thinking about getting outside or equity capital to help fund your business, there are some things you need to do first, that can make your business more attractive to investors. Follow these simple ideas, and you'll be well on your way to raising the money you need.First, always talk to a qualified business attorney (not your family lawyer). There are a lot of laws pertaining to how equity capital can be raised from the public, and the laws change often. You need someone who understands not only these laws, but also how to make sure that any business contracts are written to protect you and your business, especially the fine print.1. Getting money from relatives. Yes, it can seem like begging, and it's a difficult thing to have to swallow your pride. Surprisingly, in a recent survey, almost 30% of entrepreneurs said that they raised all or part of the capital they needed thr
Bullying has come into the spotlight this week, with a record number of complaints made about Celebrity Big Brother (UK). Whilst Jade Goody is bearing the brunt of the criticism, she was not alone in her appalling behaviour and was joined by 2 other housemates, who thought it was fair game to target another contestant.Nearly everyone is bullied at some time in their lives. Bullying doesn't stop when you leave school; it can happen to anyone at any age, and people can become bullies at any stage in life. Although it is hard to believe, bullying isn't always deliberate and bullies are not always aware of the harm they cause.What is bullying?Bullying takes on many forms, such as: leaving people out of a group; name calling; being singled out as 'different'; being teased about a family situation; saying or writing nasty things about you; as well as physical abuse. With more a
The "entrepreneur" is one who creates a new business in the hopes of making a profit. If this is a valid definition of the term, then it is essential that businesses today utilize "entrepreneurial skills" in order to compete against rival corporations and small businesses that have become an even greater threat than before.
Akio Morita is known to have said that initially Sony had three years of competitive-free sales before a rival came up with a product that bit into their margin but near his retirement, that "window" had changed from three years to three months. As the time to market is decreasing rapidly due to the increase of global competition and other powerful market forces, companies can no longer follow their traditional ways of product development. All businesses that wish to do more than just survive must think like the entrepreneur.
Listen to marketers
Marketers know that it takes a tremendous amount of time, money and effort to create new customers compared with keeping current customers. They know that their most valuable asset is the customer they already have. Following this logic, does it make sense to invest a huge amount of time and money to hire on a bunch of "avant-garde" thinkers to create explosively innovative products and services when the resource may already be within the company's ranks? Can businesses in these lean times afford to do so? I do not think so. Those that are best suited to create new and valuable products which are in harmony with the business plan and goals are those that are already in the system; the employees.
It doesn't end with creativity
Entrepreneurism does not end with creativity. Many people can create amazing concepts. Those concepts then need to be turned into products and services which meet the needs of the market and are PROFITABLE for the organization. What good is an idea with no reality? It has little value. In order to succeed, organizations must have the creativity as well as the ability to act upon that creativity in order to bring ideas to market profitably. This is the powe
The ability to lead, persuade and influence are integral skills for effective leaders. The capability of telling a story that inspires, motivates and informs is an essential part of this process. In an age of convergence in the media and increased scepticism over traditional communication methods, a new breed of leader is emerging that sees the media as an opportunity and not a threat. They use the media in a pro-active way to build their community or organisation's image, reputation and identity.Business Review Weekly's cover story "Future Leaders" editorial reported "new chief executives must have better presentation skills, for they will be required to perform in the electronic and printed media. Poor presentation will be perceived as a weakness in leadership, and arrogance or condescending attitudes will only be tolerated while the company is on top," (BRW December 14, 1998 P.14).T
Listen to marketers
Marketers know that it takes a tremendous amount of time, money and effort to create new customers compared with keeping current customers. They know that their most valuable asset is the customer they already have. Following this logic, does it make sense to invest a huge amount of time and money to hire on a bunch of "avant-garde" thinkers to create explosively innovative products and services when the resource may already be within the company's ranks? Can businesses in these lean times afford to do so? I do not think so. Those that are best suited to create new and valuable products which are in harmony with the business plan and goals are those that are already in the system; the employees.
It doesn't end with creativity
Entrepreneurism does not end with creativity. Many people can create amazing concepts. Those concepts then need to be turned into products and services which meet the needs of the market and are PROFITABLE for the organization. What good is an idea with no reality? It has little value. In order to succeed, organizations must have the creativity as well as the ability to act upon that creativity in order to bring ideas to market profitably. This is the pow
There are many similarities between large companies on one hand and small and medium-sized enterprises (SME) on the other hand. Many concepts that may have been developed for large organizations are applicable for small businesses.Large organization could benefit from (forgotten) methods that are used by small businesses (and vice versa). Especially when dealing with change.The choice of setting up a project to guide a change -– for example -- will be the most preferable option for large organization, whereas smaller organization will prefer to manage changes through the line organization.Yet both kinds of organizations could learn from each other in this area. Smaller organizations – which are normally less organized in the sense of professionalism – may benefit from setting up projects to manage the various types of alterations. For large organization, the default choice for
Listen to marketers
Marketers know that it takes a tremendous amount of time, money and effort to create new customers compared with keeping current customers. They know that their most valuable asset is the customer they already have. Following this logic, does it make sense to invest a huge amount of time and money to hire on a bunch of "avant-garde" thinkers to create explosively innovative products and services when the resource may already be within the company's ranks? Can businesses in these lean times afford to do so? I do not think so. Those that are best suited to create new and valuable products which are in harmony with the business plan and goals are those that are already in the system; the employees.
It doesn't end with creativity
Entrepreneurism does not end with creativity. Many people can create amazing concepts. Those concepts then need to be turned into products and services which meet the needs of the market and are PROFITABLE for the organization. What good is an idea with no reality? It has little value. In order to succeed, organizations must have the creativity as well as the ability to act upon that creativity in order to bring ideas to market profitably. This is the pow
Everyone is concerned about the effects of global warming and protecting our environment, and avoiding the dangers posed by the continued abuse of the environment. Individuals and businesses are finding ways to be more environmentally conscious. The buzzword on being proactive for the environment is Green.Go green with your business promoting. Show your customers that you are as concerned about conserving natural resources and protecting the environment as they are. Show them your willingness to do your part to reduce the amount of waste you create that ends up in land fills and adds further harm to natural resources and our environment.No one who is in business would argue against the need for you to promote your business to be successful. They are under the same pressure as you to promote their businesses well in order to be successful and prosperous. Promotional mugs are the perfec
It doesn't end with creativity
Entrepreneurism does not end with creativity. Many people can create amazing concepts. Those concepts then need to be turned into products and services which meet the needs of the market and are PROFITABLE for the organization. What good is an idea with no reality? It has little value. In order to succeed, organizations must have the creativity as well as the ability to act upon that creativity in order to bring ideas to market profitably. This is the pow
In running a company, it's essential to recognize that your suppliers are your partners. Without the goods and services they provide, you would not be able to run your business. Treat them as the valuable allies they are and you will enjoy greater success.Treating a supplier with respect means being the kind of custumer you yourself would like to have.- Pay your bills on time, every time. If you know you will be late with a payment, communicate with the supplier immediately.- Be honest and courteous in any negotiations. Look for ways that both sides can win in any deal rather than seeking an advantage at the supplier's expense.- Honour any promises you make to a supplier, such as when you will get back to them about a purchasing decision.By doing such things, you build a history of trust with each supplier that you can draw upon in times of need. Perhaps on
Valuable traits
What kind of traits do these individuals usually possess? The entrepreneur is often seen to possess a:·
Desire for responsibility·
Preference for moderate risk·
Confidence in own ability to succeed·
Desire for immediate feedback·
High levels of energy·
Future orientation·
Skill at organization·
Ability to see value in achievement over money
If companies want employees to possess these kind of traits, they need to develop the environment that fosters such. How can they do this? I believe that if we look at Maslow's Hierarchy of Needs we can find the answer.
Up your hierarchy!
Not everyone agrees with Maslow and his hierarchy of needs which states that every individual must have certain needs met before they can move up the hierarchy to the next level. To me, it makes perfect sense. We can look around the world at the starving countries and ask ourselves, "why do they pollute so badly? Why don't they care about the world?" The answer is that they are too busy trying to survive to think beyond. Once those survival needs are met, they can progress to looking at the world differently.
At the highest level of the hierarchy is self-awareness. Once employees have their basic needs, and other intrinsic needs met, they are able to begin to think beyond what they "want" and focus on other aspects. This is where creativity comes into play. We all know that extrinsic motivation rarely lasts forever. Look at weight loss clinics and network marketing as two good examples. After the top people give their pep talks, everyone is pumped. When they all return to their no
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