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I’m not singing you a song here. This is the real deal. You want to start a very successful business — one that will, not might generate a million dollars in revenue? All it takes is a detailed follow-through on these elements, these prized steps to planning your business.

Get Yourself a Whiteboard and Start Planning a Business Completely Out

The good news is you don’t have to do any number crunching (yet). In fact, if you’re very much a creative brainstormer, this process of going through the three steps will actually be the most fun you’ll ever have aside from making the millions after planning your business.

So how do you start? It’s simple:

How’s Your Business Different? — Seriously. 

Ask yourself that question! If you can’t, you better soon, or your business will be shooting blanks in the corporate battlefield. Before you even think of doing the accounting, or even any of the legal stuff, just ask yourself why your business will matter. If you’ve got that nailed down, write it on that whiteboard. Don’t forget it. As your business continues to grow, you’ll find that your unique difference may be the single SELLING PROPOSITION separating you from just about all the competition out there.

Your Potential Customers Need to Understand Why You’re Different

And the way to do that is by trying to tell yourself exactly what your business is as if you are a small child. Explain how cool you are in the least possible words so that you clearly understand. Now we get it, though: why would you even need to do that for yourself? You know what your business is all about! However…. Your potential customers won’t. And they need to know what you know, which is easier said than done.

Finally, Make Your Customers See the BENEFIT Over the Features

In other words, you have to know that actually, customers don’t care about what your business provides nearly as much as they care about what your business can provide for them. Make it about them. To do that, you have to de-emphasize the features of your product/service and show what the benefits are. Sure, it’s great that your cutting knife has the best possible serrated edge, but customers want to see it for themselves, displayed, in detail, as you story-tell on the fact that your knife can cut through leather with just a few swipes. Show. Never tell.

The Crazy Thing Is That You Will Do These Three Things and EVERYTHING ELSE Just Might Fall Into Place!

You’re planning your business from the ground up with a point to sell the awesomeness that it is. Instantly, customers will recognize what you’re offering, and before you know it, the cascade of dominoes will follow as you target the Internet and attain more of your demographic with gusto.

• You’ll End Up Building a Website, No Doubt
• You Might Dabble Into Facebook Advertising
• You Might Even Start Building an Email List

And, of course, set your pricing. Your product. Your service. What have you? Start testing with the advertising! You have to understand, however, that as a rule, most businesses will simmer in that development stage anywhere between six months to a year. So here’s some advice:

Take that time to get ALL OF THIS setup. Brainstorm. Detail your expenses. Plan it all out. This may include your inventory, any marketing costs, and other funds required. But just remember:

It All Starts With This Holy Trinity

Your idea starts it all. But definitely, flesh it out so that it’s not just your idea. It’s EVERYONE’S idea. When EVERYONE sees it as a very good idea, you’re guaranteed to get to that million-dollar revenue benchmark.

An entrepreneur and a businessman are different meaning in term of business. All entrepreneurs are businessmen, but all businessman is not an entrepreneur. So whats the difference between them?

The terms, businessman, and entrepreneur, are often interchanged in use today. Anyone who owns a business and makes money passively is often referred by any of these names.

But there are subtle, but significant differences between the two. And knowing them can significantly change how one will start and eventually run their business.


Below are ten ways entrepreneurs think differently, and why they are more likely to succeed than those who simply have a businessman mindset.

1. Motivation

An entrepreneur is motivated by profit. They want to, above all else, make money. An entrepreneur, on the other hand, is primarily driven by being able to satisfy a need. They want to provide a solution to a problem.

2. Orientation

A businessman is profit-oriented, while an entrepreneur is service-oriented. A businessman will sell a low-quality product as long as people buy it. But an entrepreneur will continuously find ways to improve his product so he can satisfy the needs of his customers better through time.

3. Reliance

A businessman doesn’t trust anyone. He is self-reliant and believes that he can succeed on his own. But an entrepreneur believes in the power of creating a team. To succeed, he must learn to trust and rely on others.

4. Competition

A businessman is competitive. He sees competition as the enemy that he must destroy. But an entrepreneur is collaborative. He looks at his game and tries to find ways that he can work with them.

5. Management

A businessman prefers strict compliance with his orders and agreement to his ideas. But an entrepreneur will empower his people to share their thoughts and ideas with him and is not afraid to take action on their advice.

6. Decision-making

A businessman often decides on their own. But an entrepreneur prefers a team-oriented approach to decision-making. He consults with his people, his peers, and even his mentors, whenever faced with difficult choices in the business.

7. Opportunity 

A businessman likes to only pursue opportunities that offer minimal risk and real potential income. But an entrepreneur will pursue opportunities regardless of the risk and profit potential, as long as it’s aligned with his passion.

8. Innovation 

A businessman prefers offering products and services that have already proven itself profitable in the market. Meanwhile, an entrepreneur is not afraid to innovate, create new products, and offer new services that can provide a better solution to what already exists in the market.

9. Desire

A businessman just wants to make money, and make more of it year after year. An entrepreneur, beyond profit, wants to excel and become the best in his industry. He is driven by his own passion to become better year after year.

10. Goal

When starting a business, a businessman simply wants a quick return of their money, and make good profits until he finds a new opportunity to pursue. But an entrepreneur always creates a vision for each business he continues. He is in it for the long-term, even if it means passing off other good opportunities that could come along his way.

Final Thoughts

Success is achievable for both the businessman and the entrepreneur. Yes, it is possible to succeed with either of the two mindsets.

However, success will always feel lonely for a businessman. But an entrepreneur will have peers, colleagues, and friends whom he can share his success with at the top.

Reality check: A perfect and mistake-free entrepreneurial journey does not exist. What is the biggest mistake you made as an entrepreneur? 

Inside a half year after graduating school, I exited my employment and embarked my adventure with my current startup. I knew I needed to take my heart and the universe would give me the quality to manage snags that came to my direction. These are a portion of the mistakes I made - however overcame: 

Being Secretive 

My prime supporter and I were psyched about our business thought and knew the world required an application like our own. We felt that it could have been duplicated actually and did not examine it with anybody for quite a long time to ensure first mover advantage. However, when I think back, I wish I had approached my companions and experienced authors for counsel. 

As an originator, your musings can be obfuscated by your enthusiasm and feelings, and here and there an outside point of view is all you require. Keep in mind that the lion's share of individuals doesn't have adequate capital, time and enthusiasm to execute your business thought. To be protected, you can make people consent to a non-exposure arrangement before looking at anything inside and out. 

Also read: 4 Quick Tips for Creating a Winning Slogan For Your Company 
3 Things to Do Before Looking For Investment 

Not Checking Trademark and Copyright Availability 

We had called our application "Amigo" at first and needed to retry our marking when we went to the phase of enlisting our trademark and copyright. Reach a trademark attorney and check if your organization name and logo are accessible before you begin taking a shot at anything. Attempt to abstain from utilizing a common name to get away from any contention amid this procedure. 

Setting Unrealistic Expectations 

Enterprise can be incredibly energizing, which frequently drives originators to set super ambitious objectives. I set an unreasonable dispatch date for my application and declared it to everybody. We didn't wind up meeting the goals. When you are energetic about something, it tends to make you restless and to a significant degree eager. Be that as it may, a lot of anything is terrible: Instead, be understanding and practical when you set objectives and work toward accomplishing them. 

Losing Focus 

At the point when things don't work out, your brain can go everywhere to think of answers for your issues. You tend to wind up plainly so frantic to accomplish here and now focuses on that you could wind up trading off the long haul achievement and vision of your organization. Many people instructed me to expel the .edu information exchange for DownToDash and make it accessible to everybody to expand my client base - and I thought of it as commonly. If I had expelled that security perspective, it would have discolored our image in the long haul. Ensure you remind yourself not to lose the center and maintain the center mission and estimations of your unique business thought. 

Being Too Pushy With Investors 

On the off chance that you over-compensate the pushiness, at that point, you will put speculators off. At first, I besieged financial specialists with messages and follow-up messages, and that did not work. Rather, concentrate on advertising and systems administration, mainly getting official statements with prominent distributions to draw in the correct financial specialists. Consider it a dating diversion; playing somewhat difficult to get and being inconspicuous is dependably a unique technique. On the off chance that they find out about you from somebody they perceive or know, they'll frequently be more intrigued. 

Being Overconfident 

There is a thin line amongst certainty and arrogance. When I met different authors and speculators, first and foremost, I generally needed to establish a decent connection. Accordingly, I wasn't straightforward when I didn't comprehend or was ignorant of something. Be that as it may, the startup environment is loaded with individuals who are in an indistinguishable pontoon from you and know precisely how hard it is: They wouldn't pass judgment on you. At first, tuning in, making inquiries and gaining from others is the best procedure. Ensure you get a couple of financial specialists and experienced originators on board as counsels or coaches. 

Also read: 
7 Success Tips for Young and Aspiring Entrepreneurs 
The 5 Rules for Silicon Valley Success That Can Work Anywhere 

Getting Discouraged by Failure 

An immaculate and sans mistake business enterprise travel does not exist. Disappointment is really a chance to learn and just makes you more grounded. Absolutely never question your intuition or the internal voice inside you. Simply be sure and continue revealing to yourself that every single good thing requires some serious energy. One day you will glance back at your business enterprise travel and understand that each mistake was a venturing stone to finding that way of achievement.

There are limitless opportunities online to get wealthy, and it costs nothing to take advantage of the Internet. Anyone can become a millionaire with a little effort even if they work from home. The hardest piece of getting to be noticeably fruitful is beginning in the first place. Regardless of the difficulties in front of you, there's an approach to become a millionaire when starting with practically nothing. I'm going to tell you the secrets, why you can become a millionaire with only a little investment. 

1. First focus on learning, not a big gain.

Training is your most noteworthy weapon. Concentrate on learning in the beginning. Try not too tragically concentrate on making immense picks up in the beginning. Get all that you can because this is the way you construct the establishments for long haul picks up. 

They say that if a millionaire goes bankrupt, they will about dependably have the capacity to get it back. Also, that is on account of they may have lost their cash. However, they have the information on how to return to where they should be. 

Millionaire Tips to get wealthy: Out there, Plenty of ways to become rich and earn a lot of money like a millionaire and you can write your name on the list even if you love to work home. If you are interested, here are six ways to become a millionaire. 

2. You can learn loads about any topic online.

I'm appreciative for the web. It's the single greatest library on the planet. You're perusing this article at the present time, and you're procuring learning you wouldn't have possessed the capacity to gain 40 years prior. Utilize the web to its fullest degree, regardless of whether that is through perusing books, reading articles or watching video instructional exercises. 

Put some time aside consistently to pick up something on the web. It could be a video arrangement or a most loved blog. When you start adapting frequently, you'll see that you propel significantly speedier. 

If you have worked hard to get rich, learn the top ten reason why you are still not a millionaire. And then read and avoid this ten mistakes about money a wealthy person never make. 

3. Concentrate on the niche you adore. 

Nowadays you can find out about anything and focus on the niche you're passionate about. This is the thing that I could do with penny stocks. I found a crevice in the market and gave learning to individuals who wouldn't have generally had the capacity to get to this kind of data. 

You can do that with completely any niche. When you discover a niche, you're passionate about and you utilize the scope of the Internet you begin to make significant additions. 

You don't need to win a lottery to become a millionaire, love what you do, you'll get rich soon. Tweet

Here is little proof to becoming a millionaire without winning a lottery. 

4. Prove your expertise by creating free content.

Your notoriety for being an authority is the new business card. There's a reason Here is a penny stock guide free for all. You may have just observed advertisements for it via web-based networking media. The best approach to prevail with little is to make a notoriety through your substance. 

It's the entryway to progress because through free content you begin to assemble associations with other people who esteem your work. What's more, from that point, everybody gets wealthier. 

You can do lots with a little.

The days when you required a colossal venture to become fruitful are a distant memory. Nowadays you can do as such much with only a bit. Find what you adore, propel your insight around there, and make an item that satisfies a need. At last, take a shot at working up connections through depicting yourself as an authority regarding your matter. 


Join everything together, and you can finish anything.

Now, do you want to become a millionaire? Here are ten steps to get started. 

Maybe you are ready to start a new business but most successful entrepreneurs advised for taking account into some important factors that can control your business success radar. So, before a start-up learn about these important factors that every entrepreneur must take account.

Currently, in the USA the theme of entrepreneurship has become a desirable alternative for young people who have innovative ideas and who seek to facilitate complicated processes through technology. 

Bright ideas, talent, and small investments can lead to success for any startup, however, along with the way some bumps can lead your business to bankruptcy. What should be taken into account to have a successful startup?

First, you have to think about success but with your feet on the ground. Many view their companies like YouTube, Facebook, Airbnb, Uber, and others, which are in fact great success stories, but nobody knows that there are many others, that in the attempt to create something new, failed by bad decisions, lack of creativity or vision to the future.

If you are thinking about starting this business, we recommend that you consider the following:

• A great team of entrepreneurs. This must be balanced, motivated, want to excel and, above all, very ambitious. Without a great team you will not be able to create a great company, so invest and take care of your talent!
• Market research. Sometimes the market is not ready for big technology, so do not give them more than you can expect. Study it well! Timing is everything!
• Growing and scalable business model. There must always be development and growth in the startup, at the beginning you have to multiply week by week. Otherwise, you run risks that your investors will leave for not having a clear track record. Scalability is everything. If you fail to grow fast and replicate your business, chances are you will succeed, but it will be complicated for you to become a great company. Control your KPIs carefully!
• Injection of resources. The regular thing is that every business has an investment period that can last up to several years before it reaches break even. The usual thing is that you do not have that capital, but if the idea is good and you already work you can go to Inadem or contests, which will help you to test your ideas at a low capital cost.
• Decision power. If you have to open your capital to external partners, worry about always accepting the capital of those who add more value, look for Smart Money.
• Legal or regulatory risks. Try to be in order with your papers, since they can cause you headaches because something unusual can lead to you have significant penalties and therefore loss of resources.
• Having a Plan B. You must know how to answer related questions. I.e. what do we do if the business does not work or is not viable? Most early stage companies pivot on business until they find the right niche. You have to be open to changing your plans quickly. 

Like any new business or company, there will always be risks and considerations to take into account when starting a startup, it is not simple, but experience, knowledge and personal empowerment will undoubtedly lead to success. So do not hesitate to be part of the new generation of entrepreneurs, it may be that your idea is very bright and you promise a great business success! 

With more than a decade of promoting culture and entrepreneurship in our country, various programs, events, funds, and actions have helped our society to know and approach this experience. It is important to mention that the entrepreneur has many fields of work, corporate, social, environmental and, of course, entrepreneurial endeavors.

Speaking of entrepreneurship, specifically in our city has been advancing with the emergence of business incubators, entrepreneurship programs, as well as competitions, workshops, and events that encourage the entrepreneur we carry inside. measures. However, there is a lack of elements that help make Culiacán a community with an entrepreneurial ecosystem, that is, that economic and social conditions work in a fundamental way to generate circumstances that support the action and action of an undertaking, but above all, that society Know and use these services/benefits.

That is, each one of us has the possibility to undertake, what it takes is to act, seek help, approach people or institutions that assist us with training, guidance, and counseling. To undertake is an action, practice is a decision.

For a project or business idea to be more likely to succeed, it needs to be supported or driven by an entrepreneur who acts, who makes decisions, who dares, who is trained, who develops skills, who is sure that the project depends on Measure of him and not of others. We need entrepreneurs to look for it as if and leave behind the pretexts. Aware that being an entrepreneur carries a lot of risks, many sacrifices, but also has many chances of being successful.

An entrepreneur must plan, manage, sell, train, direct, supervise, measure and create solutions. If we are based on the previous line, we see how all words are verbs, that is, actions that the subject (entrepreneur) must carry out.

If an entrepreneur who is in charge of a company, no matter the size or spin, does not act, it is necessary to analyze his profile to see if he really is an entrepreneur. It will be needed to make an inventory of their strengths and weaknesses and put together a plan of action to maximize safe and minimize, correct or eliminate weaknesses.

So the invitation is to act, to be responsible for your future and to face the inclemencies that exist in the exterior and will continue to exist.

If you have a business idea and want to make it happen, act, plan, acquire knowledge, techniques, and skills that work towards a successful life plan and of course, to generate wealth.

In more than 10 years of experience in the subject, I have seen how many are left in the way. As excellent ideas are not carried out for lack of vision and action. Do not let that happen in your life, act, remember Emprender is a practice.

What makes silicon valley successful? The methodology used by the entrepreneurs of this area of California will allow you to innovate and adapt to the changes in the market.

No matter where you live or what kind of business you are starting, you can learn to be a better entrepreneur if you notice what 'triggers' the Silicon Valley. Even if you own a small business in your neighborhood, the ability to innovate, adapt and grow is crucial to keep your business alive. And it is that what one day seems a sustainable business may become obsolete to the next; I have seen this happen too many times.

But how do the Silicon Valley entrepreneurs adapt? In short: being flexible. That flexibility is maintained through a series of unwritten rules about how people interact with each other. These rules form a sort of invisible social contract that supports entrepreneurs as they innovate and adjust to the ever-changing market.


Here are the five Silicon Valley unwritten rules that can work for any entrepreneur, no matter where they are:

1. Trust and be trustworthy

I have noticed that it is generally harder to forge new business relationships outside the Silicon Valley. In some places, the 'new' are viewed with suspicion for years. Instead, in Silicon Valley, any meeting in a coffee shop can become a business alliance the next day.

High social barriers - whether caused by geography, culture, language or mistrust - can end a relationship even before it begins. The rate of innovation increases when people break these barriers and create bridges of trust outside their usual circles. Doing so is crucial as change comes about when people contribute with different ideas, skills, and connections.

2. Seek justice, not

The advantage I have found that many individuals treat the business as a game where one side wins and the other loses. Investors are often the worst at this. However, the most successful venture capitalists know that they must treat their entrepreneurs somewhat.

Here is a lesson that many people find difficult to learn: You can not innovate alone; You need partners to take the trip with you. Wise entrepreneurs have the humility to seek positive collaborations with others and are willing to sacrifice their immediate interests for long-term results.

3. Make chains of favors

Introduce others to your own network; Return phone calls; Become a mentor. You might think you will not get anything in return, but you're actually getting something of great value - an excellent reputation. Little by little you will notice that you have become an expert, someone that other people can trust and, just as importantly, someone to think about.

4. Open doors and listen

Once I presented a deal to another investor at risk, who spent most of the time in which he spoke by writing a message on his cell phone. And missed a great opportunity.  

Listening is key to building relationships and meeting needs. You do not want to be the one who rejected the next Mark Zuckerberg, nor does monologs in your conversations. Ask questions and keep learning. It creates an environment in which diverse opinions and talents are valued, and where the 'new' do not remain unknown.

5. Experiment together

Here's a little trick I learned from my Stanford designer friends: Practice saying 'yes' instead of 'no' to any ideas. Will all of these opportunities be healthy and fruitful? Clearly not. But creating a workspace in which there are no evil thoughts, allows generating good ones. Thomas Edison tested more than 2,000 materials before developing a functional focus. Mistakes do not define you, they perfect you.

Do not let the fear of failure stop you from trying something new or taking the advice of others. If things do not work well, adapt, take back and try again.

There are different types of inventories, but one of the raw materials will allow you to know the existence of the goods that are stored.

Performing the inventory review of raw materials you have in your business is necessary to keep the stock in good condition, make the product rotation and know how much you have invested in it.

There are different types of inventories, but the raw materials will allow you to know the existence of the goods that are stored and serve your SME to see what account to develop their activity.

Knowing it is important because:

• It helps you know how much you have invested.
• Know if you have raw materials expired or are close to winning.
• It helps you save money by not duplicating purchases.
• Avoid deterioration or loss of merchandise.
• You can manage material that is out of season.
• Avoid storage costs.

Also read:

The design of the image of a company is a process in constant evolution. The process of generating a slogan plays an important role at the time when a brand wants to create brand awareness. Your company may have a slogan, but if you need to redesign it, we will help you to choose a new winning slogan.

Turn to see any business with years of experience, and you will find that the changes in their model have adapted to their times and that, in fact, have been necessary.

The image of your business begins with a good name, a concept, a philosophy and a spectacular logo. But I have noticed that the last step tends to be a little weaker and less planned in several brands: the slogan.

That sticky phrase that must remain in the mind of your consumer and that should concisely express what your company or your product is at the same time that it facilitates a particular identity that distinguishes you from the competition.

Of course, it is not easy.

What is a slogan and why is it useful for your brand?

A slogan is a phrase that identifies a product or service, it has its origin from a Scottish word meaning "war cry." It is one of the most powerful tools in marketing, it helps the company to increase the levels of memory and differentiate itself from the competition.

Imagine that you can own a small part of the minds of your consumers and that every time you think about buying the product or service of your industry, they reflect on your brand. In part, this is what a slogan can do for people to remember your product and increase your chances of selling.


Generating a slogan is not easy, this phrase should synthesize, define and catch in a few words the concept of your product or service.

A good slogan must meet several tasks being short.

And it takes a thorough exercise of trial and error, conceptualization overall patience. I can almost guarantee that none of them, in history, was at first.

So today I want to dedicate some lines to give you advice on this problem.

Make it personal. 

A slogan goes beyond a call to action. "Consume such" or "Enjoy such another" is something too general and to some extent impersonal. Try to design your slogan in case your potential and current customers. What do you like? What feeling or feeling can you relate to the consumption of your product or brand? Try to design a sentence to invoke those feelings and generate identity with your audience.

Make it collaborative. 

You can not have all the answers, and that is why you must use your team or marketing manager. But you can also learn a lot from your brand or product through the workers in your company. If you have questioning workers who find you more attractive than they do, the sales team also knows how to create the need for your product. Try to chat with the core parts of your business, and you will see how much you can learn from it. This will help you to make a slogan that is much more focused on the virtues you want to highlight.

Carry out market studies.

The more specific, the better. And you can also use surveys, study groups, interviews and any other research tool to help you gather more information. You can present to a select group of people several proposals and refine according to their opinions. Just be careful to choose the right individuals who have no bias towards or against your company.

Take your time. 

One of the most common things that I encounter when a slogan is addressed is the sense of urgency on the part of the companies to launch something soon. My best advice, especially if you are doing it for the first time, is that you do not take anything out in public until you have considered at least twenty ideas. It is an adequate quantity of a detail that will accompany and contribute to the image of your brand in the short and medium term, Be patient.

Do you have a great business idea? Before getting the financing, you have to "do your homework." We tell you how. If you were the investor what information would you research before you invest? Learn the three essential factors to consider when mentors making their investment decisions for you.  

Many entrepreneurs feel the urge to go out and look for capital as soon as they come up with an excellent idea or at the first sign of growing their business. However, you must first believe in your company before asking others to believe in it. It sounds obvious, but it does not happen overnight.

Then you should try to "sell" the idea of your product and its potential consumers. Research and market tests. Get figures. Investors are drawn to entrepreneurs who can say to themselves, "If I spend $ X, I can get $ Y of profit." If you can express yourself and also show growth figures for your company, you will find people who want to participate in your business. 

In the entrepreneurial world, there is a terror statistic: 9 out of 10 startups are going to fail. That is the hard truth, so, first of all, you must prepare yourself to fail a couple of times. Be sure to "hold back," keep an open mind and do the right research before approaching an investor.

Here are some useful steps:

1. Prepare the information

You can not control all the metrics and results of your company when you are just picking up the flight and, most importantly, you still can not guarantee a profit. But there are some factors that you can control, and you must have a strict control and follow them. You should have them ready by hand before you go out and look for financing.

Use the digital tools, from a focus group or invite your friends and family to try your product to make an examination of your ideal market. Piece by piece, you can go arming a business plan.

This data will give you the credibility to test prospective investors who understand the past, present, and future of your business.

2. Not everything works for everyone 

There are many places where a startup can look for investments, but that does not mean that it is a simple process.

You need to know in advance who you want to approach. Research the history and portfolio of each investment portfolio to find the perfect partner for your business. It is essential that you know who you are going to talk to before you meet with a potential investor. Not only that, you know why this firm or person could be the perfect complement to your business.

It is also good to have references from your network of contacts, someone who can validate the quality of your person, equipment, and product and can speak well of your company to the investor.

3. The right place at the right time

The most important part of the preparation before looking for financing is knowing why your product or service will work. The big reason many startups fail is that they are at the wrong time in the wrong place. Many novice entrepreneurs refuse to test their ideas and investigate their market, primarily to measure the real "hunger" (demand) that their potential customers might have for their offer. 

If you do not do your homework to find out what the real possibilities of your product are, then do not waste your time on an investor. 

Not everyone is meant to be an entrepreneur. To know if you have the virus of entrepreneurship, here are some signs that do not deceive. What are the qualities of individuals whose entrepreneurial ambition has survived the transition to adulthood?

The entrepreneur knows the characteristics that favor the success of who initiates a business. Humility and the ability to negotiate are some of them. 

To find out, researchers from Tufts and Stanford universities spent three years studying more than 5,000 students to identify the traits and behaviors of aspiring entrepreneurs. 

Some entrepreneurs are born, others are made. However, some characteristics weigh more than education, context, skills and experience. Knowing your strengths and weaknesses, before starting a business will allow you to anticipate problems and have the support of people (partners) whose qualities will complement you. 

The key to success is choosing; Take the right opportunity for your personality type and choose the right team to make use of it.
Also read: 10 Questions To Ask Before You Quit Your Job

Angelica Rodriguez, director of the Business Innovation Consulting Center, explains that those who are looking to start a business of their own should have certain features.

1. Creativity and innovation. 

A successful business is constantly renewed and seeks to surprise its market. To do this, you should look for sources of inspiration and have a global mindset.

2. Initiative and decision. 

The opportunities are of those who take advantage of them; you must know how to identify them and not let them pass. An idea is useless if it is not shared and landed.

3. Tolerance and adaptation to changes. 

The world of business is constantly evolving; entrepreneurs must know how to deal with failure and adapt to their environment.

4. Organization and discipline. 

Meeting goals and deadlines is necessary to succeed. This is only achieved if you stick to a calendar and work with the order.

5. Leadership. 

Being in charge of a business involves having the ability to inspire and guide other people. You must be able to communicate your goals and values.

6. Ability to negotiate. 

Dealing with other people and businesses is not a simple task. You must find a middle ground between holding your stance and yielding, look for a win-win relationship.
Also read: 7 Tactics To Becoming A Better Negotiator

7. Physical resistance. 

Starting a business of one's own involves greater effort, unpredictable schedules, and variable workload.

8. Humility. 

A superb person can fall into errors that put your business at risk. Recognizing your limits is fundamental to survival.

9. Efficient administration. 

You do not need to be an expert in finance. However, you must have the discipline to manage your resources properly. Make a financial projection and stick to your budget.
Also read: How to Start Your Own Business From Scratch In 6 Steps

10. Passion and motivation. 

It may be that on different occasions you feel like throwing the towel. If you like what you do and you are convinced that it is a good project, you will have the necessary reasons to continue day by day.

The specialist says that there are four types of entrepreneurs, depending on the circumstances under which they started their business:

• Classic. It is the most common. It usually starts out of necessity, that is, it is forced to identify opportunities. It seeks to undertake because it has little job satisfaction and wants a business that allows it to grow (either personally or professionally).
• By chance. When circumstances and experiences give you an idea, you can become a business. They are people attentive to their environment, analytical and adaptable.
• Creative. They are people who, probably unintentionally, invented something with the potential to become a business. The problem with them is that they get bored easily and do not like the routine of being in charge of a company.
• Investor. Those people who have capital and decide to undertake when investing in the project of someone else. For them, satisfaction is not in creation but profitability.

As a small business owner, you have to deal with all sorts of business issues, from accounting to human resources. This is where a personal assistant can help.

It's hard to give up on control and start looking for ways to lighten your workload, but you need to grow your business and trust others to help you if you ever want to, Business is growing.
A personal assistant means to you an employee with a full range of skills to meet your needs so that you do not have to call on several specialized employees.

1. Delegating tasks

Most small business owners have to-do lists that exceed them. It is easy to be overwhelmed by some things to do every day, especially when you base your business.

• Instead of letting your company stagnate, a personal assistant would represent someone to whom you could delegate important tasks when the latter require fewer skills. 
• If you free yourself from junior tasks that do not require your specific attention, you have more energy to devote to the business of your business that requires your direct contact.
  

This is the most efficient way to deal with everything an entrepreneur meets in his or her way.

2. Effective workflow

A personal assistant has a broad range of general skills, including working with office software packages, making commissions and managing time and phone calls.
When you do not need to rely on a particular employee for a specific task, you create an efficient workflow by assigning tasks to one or more personal assistants in the most sensible way.

3. Use specialized skills

Some personal assistants excel in certain areas such as managing social media while drawing inspiration from the knowledge and flexibility that make them so useful for your small business.

• Plan for future specific needs in your company to find personal assistants that meet your skill requirements. 
• Once you have found the personal assistance you need, be sure to take advantage of all their skills.
   
• By giving them the opportunity to progress in their workplace, you are encouraging candidates with the specific skills to apply.

4. Extensive research

Another area in which the presence of many personal assistants proves useful in the world of small business is that of extensive research.

You may not have the time to go through the many reports to get an idea of future market trends, but your personal assistants can provide you with an analysis report of the data you provide.

When you have the opportunity to network, do you handle it well or is it a big failure? To take advantage of the benefits of interacting with other people, you must prepare yourself, be yourself and learn to listen. 

Although online networking has dominated the last ten years in many ways, private networking (conferences, conventions, workshops, fairs, etc.) is still the best way to meet and interact with colleagues, potential partners, and mentors. If you are new to the networking scene and want to learn how to master it, avoid these five common mistakes of entrepreneurs:

Be too pushy. 

If you enter an event with the attitude of a used car salesman, you will immediately drive everyone around. Yes, you want to end up being known at the end of the day, but not by being an arrogant or annoying person.

To avoid this image, ask questions about the other person instead of just making affirmations about your business. Take the time to listen and do not just wait for your turn to speak. With this strategy, you will be perceived as interesting. And do not worry, they'll ask you if you do.

Focus only on big fish. 

Clearly, there are people at the events that everyone wants to talk about, like the speaker, the full pocket investor or the successful entrepreneur. But there are others with which it is also worth interacting, so stop chasing only the big names.

Better, circulate and discover people with interesting and useful information and also be fun. Eventually, you'll get a chance to talk to the big boys, but you never know if the shy man in the corner is a hidden gem

Try too much to impress. 

Do you feel minuscule in the dough? Many people try to compensate for this feeling by presenting themselves as more important than they are. It is tempting to boost your resume and boast of future successes, but the odds are that you will discover the truth, which will make you look like someone unreliable and rather silly.

This could cost you the opportunity to get mentors or other benefits. The conclusion: Be yourself. You will gain more respect and make more real connections.

Stay silent. 

It can be overwhelming to be surrounded by other entrepreneurs, some of whom are much further away than you. Do not let that fact stop you from showing yourself and talking to people.

If you've never attended an event like these, start small. Approach someone who is also alone and say something like, "Is this the first time you visit?" The answer does not matter; the goal is to start a conversation. In few seconds you will know if the person is attractive or not. If it is not, make up a casual excuse and move on. There are likely to be more guys like you who do not know how to do networking and who appreciate being approached.

But a warning: although I mentioned that you should not only contact the big fish, do not stick to the thin ones either. You need to have the courage to engage in other conversations, but you will never maximize the benefits of networking.

Not being prepared. 

So far we have not discussed the purpose of networking, which is to help grow your business. Sooner or later someone will ask you what you do or what your business is. Take advantage of your chance to shine. Practice your elevator pitch, have business cards on hand and be prepared to answer any questions.

You could show your enthusiasm and go deeper if your response was positive. Make sure you are reciprocal and ask about your business. The best kind of networking is a real exchange between two people who can benefit from sharing information, ideas, and resources.

As you perform more networking activities, you will build your comfort, and the right behavior will come naturally. Then, you can get the most benefit from networking: the opportunities to talk to smart people, interesting and passionate about the companies they are creating.  

A financial plan will address all your business related issues. If you need to take bank loans for starting a business, then it's essential to have a written plan. Even for developing a small business, having a written plan is key to success. But the whole document is not useful to everyone. 

It sounds pretty simple: certified financial planners should produce financial plans for all their clients. Do you occasionally ask yourself why things are not so? Here are the reasons:

You do not need a plan

A financial plan is a detailed document that coherently explains the individual's goals and provides specific recommendations. Some plans can be up to 40 pages long. Does everyone need these masterpieces?

Not necessarily, despite what some advisers and some financial institutions may say. It may just be that clients need advice on financial planning, "said Heather MacDonald, a regional financial planning consultant. "It varies according to their situation in life," she said. The whole document is not useful to everyone. People might just need advice on proper planning for cash flow, for example. " 

A student probably does not need a full plan, says Derek Moran, a paid fee-based financial planner registered with the Smarter Financial Planning firm of Kelowna. "For a young person whose life is undergoing many changes, who has to repay his student loan and go from one job to another, it does not make sense," he says.

A person in this case, who probably does not have a lot of assets to invest anyway, would rather make some conversations with a financial advisor or guide. "Young people simply need to be put in the right direction to make sure they do not make gross mistakes," he says. You could focus on a savings plan, talk a little bit about investments or find a person with whom they can be in regular contact and ask the right questions at the right time. No need for an elaborate document."
Also read: How to Write a Business Plan Step by Step Guide to Launch Your Own Startup

Who needs a plan? 

Essentially those who go through certain phases of life like a marriage or children, or want to focus on retirement savings. As Scott Plaskett, Managing Director and Senior Financial Planner at Toronto-based IRONSHIELD Financial Planning, said, "those who have more responsibilities on their shoulders than when they were younger."

You do not want a plan

Some investors have managed to survive at best without a financial plan under the guidance of an advisor, spending less than they earned, saving tons of money and investing in low-priced index funds. And frankly, they have time to manage their affairs themselves, so why bother now in a financial plan? That's what some consumers think.

For example, when Mr. Plaskett inherited some clients from a retired adviser, some of them did not want to get involved in a financial plan, or they were dithering, waiting for the right moment. "They did not have a plan with their other counselor, so we encourage them to have one, but we do not make it an obligation," he said. If you are starting out with us, you need a financial plan because it is the tool we use to determine what you need to do to make your goals come true. "

You do not want to pay for a plan.

A financial plan costs money, no matter how you look at it. Sounds like it's free because the financial planner told you there was no entry fee. In reality, a commission-paid planner is paid by any investment or insurance product you purchase as part of your plan.

Sterling Rempel, a certified financial planning specialist with future values?Estate and financial planning in Calgary find that people are more comfortable with a commission payment structure that allows them to avoid the shock of the bill.

A 2011 study by the Investment Funds Institute of Canada supported Mr. Rempel's assertion. IFIC found that 59% of investors who already had funds preferred that fees be included in the price of mutual funds. "No need to disclose how much money is paid to the customer and I find that clients agree, at least from the outset," Rempel said.

This assumes, however, that there is first and foremost money to buy these products. Not everyone has it. Other people are uncomfortable with what they see as a conflict of interest. Does my advisor sell me a product that actually meets my needs or the one that will get him the most important commission?

There is still the possibility to pay directly for the financial plan, which can cost from $ 700 to $ 10,000 depending on its complexity. According to the IFIC report, 33% of investors in mutual funds prefer to pay separately for the advice they receive.
Also read: 5 Reasons Why You Should Write A Business Plan

Other planners like Mr. Plaskett choose the latter form of compensation to show the value and work invested in the plan. "Creating a link between the idea and the product can create an inherent bias," he explains, "and we do our utmost to avoid it. We, therefore, charge for the development of a financial plan, and the customer chooses how he wants to buy the product and from whom. In most cases, it will do it for us, but it is not an obligation."