8 Principles of Entrepreneurs

1. Be an Economist

As a business entrepreneur, you must be engaged in new business and technology that will establish your success, as someone who engaged in business you must apply the law of demand and supply, the smallest part of the economy it is a family, and you satisfied there needs.

2. Business Fortune Teller

Be a Business Fortune Teller or Forecaster with studying the previous data of sales, to determine your new annum sale this coming year.

3. Business Process Thinker

according to Patrik Dholakya(2016) from Small Business Trend, “Entrepreneurship doesn’t earn you bragging rights. Nothing ever does. The more you tend to give away in a sales process or while making deals, the more you stand to lose.” As the business entrepreneur, you must always think out of a box, try to check business before you implement, just like Streamlining easy to plan but it is hard to implement, In business, you must always consider other things.

Inspired via 9 Principles of Entrepreneur at Small Business Trend

4. Responsible

As Business Entrepreneur you are responsible for the business situation.

5. Marketer

As a business entrepreneur, you must always build a relationship between you and your customer. I already explain about marketing and marketer kindly read more at What is Marketing? and the 5 Marketing Mix.

Inspired Via 10 principles of entrepreneurship at The Total Entrepreneurs

6. Risk Taker

As a business entrepreneur, you must be a risk taker, there is no kind business who didn’t take and as Entrepreneur or CEO, you must be responsible or accountable for risk.

7. Problem Solver

As an entrepreneur you look for a solution to solve the problem, the more problem you solve is the more profit you generated.

8. Goal Setter

according to Akash“Dream big when u sleep and make sure your life is more bigger than that in real, Dream high and achieve it so that you can be proud of yourself”. as the business entrepreneur you must always dream big, small company that will deliver to his customer will big result, other things an entrepreneur you must be a goal setter always create a goal related with your business activities.

Businessman v.s Entrepreneur ( 3 – 5 minutes to read)

The Businessman and Entrepreneur are shape as a concept of business owner, however there are things that make Businessman and Entrepreneur are different.

1.) The Businessman goal in market is to earn money however Entrepreneur is to serve.

Many Businessman around the world there goal is to create profit just like ordinary business owner, however Entrepreneur is to serve someone or everyone like Nas owner of Nas Daily he quit his job in United State to create a 1 minute video of himself or other to inspire anyone.

2.) The Businessman follow the lead, however Entrepreneur create a lead.

The Businessman always follow the Innovation that is being discover unlike Entrepreneur create Innovation on his own way.

3.) The Businessman follow the change in market however Entrepreneur create change in market.

The Businessman always follow the change in market but entrepreneur create a change in market every time, everyday, and anywhere like when android is being discovered by Andy Rubin that will transform your computer to phone in that way we create smart phone, everyone follow android his idea and his work.

4.) The Businessman solve Business problem unlike Entrepreneur solve everyone problem.

The Businessman just solve his Business  Problem how he will recover to his loss however Entrepreneur solve everyone problem like Nas again he solve problem conflict problem between different kind of culture or tradition and create a peace to everyone, he let us understand anything that we need.

5.) The Businessman always build a relationship with his/her stock holder however Entrepreneur always build a relationship with his/her customers.

Businessman most of the time always connect with his/her stock holder they always cherish his stock holder better than there customers, however entrepreneurs always create a relationship with his customers, and let them hear the voice of customers. They are willing to sacrifice profit than relationship.

 

Sources:

article: http://differencetalk.com/entrepreneur-vs-businessman/

image:  http://mbateacher.com/businessman-vs-entrepreneur/

 

Interest to read:

https://keydifferences.com/difference-between-businessman-and-entrepreneur.html

https://www.entrepreneur.com/article/201588

https://ambusinessphilosophy.wordpress.com/2018/01/27/8-principles-of-entrepreneurs/ 

 

 

 

 

Things that I learned from Ms. Hershey Hilado

“The Life of Ms. Hershey Hilado”

 

Things that I learn from Ms. Hershey Hilado from her story itself when it is being filmed in MMK from ABS CBN.

About Ms. Hershey Hilado

Ms. Hershey Hilado she is one of the leading amazing women entrepreneur and business mentor Australia – the Philippines, She founded Revamp, She is one of the youngest and only female speaker at the 1st Philippines Business Enterprise Congress and Financial Congress of the Philippines. MS. Hershey Hilado trademark is “out of the box”.  Hershey specialties range from personal development, start-ups, business strategy, branding, personal development, marketing and PR Sales.

Revamp.com

Be Competent  

Being competent in life not just in Business like Ms. Hershey she experiences a lot of problem in her life before she chooses to be an entrepreneur. at her young age, she worked as Sales Woman in the Philippines but the problem is the legal age for you to have a job it is 18 yrs. old unlike in another country at age 15 you can work, She fake her age to have a job to support her siblings.

 

Family

Find someone who can inspire you just like Ms. Hershey Hilado, before she chooses her entrepreneurship life, she is being inspired by her Siblings itself and in a way that she wants to change her life. I can tell you based on her story Ms. Hershey Hilado she really loved her Siblings and she is willing to sacrifice herself to her siblings, just like when she worked in Manila.

 

Never Give Up

Always never give up and look for another hope, moreover after a lot problem in the Philippines she finds a new hope and a new life on a Dating Site after while she meets her Australian ex-husband, Her Australian ex-husband really falls in love with Ms. Hershey Hilado.

 

Discrimination will Inspire you

Discriminations will inspire you along the way Ms. Hershey Hilado experiences a discrimination in Australia as a Filipina Woman who married an Australian guy to change her life, to be a dependent one, moreover with this discrimination she changes her way and chooses to do something, I can see to her spirit to change herself.

 

Read Entrepreneur Books

Read Entrepreneurial Books will be motivated you to do something, just like Ms. Hershey Hilado I think when she read entrepreneur books, she chooses to be an entrepreneur along the way she studies again and ask her Australian ex-husband to established a Clothing or Fashion Business.

 

Always Stand

Always stand in life by wrecking ball tons of problems that tried to destroy your wall, She experiences a lot a problem in Australia and in her clothing business, she experiences lack of sales or seasonal sales that can drive to bankruptcy, along with that she experiences a personal problem with her Australian ex-husband.

 

Always find another way

Always find another way after a lot of problems, Ms. Hershey tried to build her empire again and tried to make it happen. Moreover, she worked in Marketing Firm and decided to market her product on Instagram, along with that she succeeds.

 

Sources:

http://www.hersheyhilado.com/about/

Instagram

@hershey_official

The Word of Confucius transform to Business Ethics

The word of Confucius is a word of right guidelines, the Righteousness, and a right way to rule in the state.

Learn more about Confucius: Confucius Chinese Philosopher Biography.com, or Confucius (28 September 551 BC – 479 BC)

In this article, I will translate the word of Confucius into Ethics in workplace

I just need 3- 5 minutes of your precious time and my objectives it is for you to learn.

“No one abhors he, here, no one cold-shoulders him. He works hard day and night to preserve his repute for long”

If you do business today I cannot assure it will be successful today nor tomorrow it takes time and effort, sometimes you will fail but always stand in failure.

“Cut a piece of wood to make a halve you will find it’s size fit but when you squint into the halve you will find it’s size unfit”

The business leader such supervisor, manager, head manager, executives and top management must know and understand the difference between your employee subordinate strength and weaknesses, each of one is created with unique talents and skills.

“The wicked of father is not the wickedness of his son, the wicked of his son is not the wickedness of his father”

– This is not exact word of Confucius in his book, this is the meaning

The wicked of manager is not the wickedness of his/her subordinate If manager do something his/her subordinate is not responsible for case happening inside the company, The wicked of employee is not the wickedness of his/her manager if he/she do something wrong the manager is just to guide but still the manager is not responsible for his/her manager if his/her employee violate the company policy.

“The Righteousness can pond the great nation”

therefore if employee up to top executives is honest people who follow the company policy then it will lead to success in any business operations.

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Read more: Doctrine of mean, The 12 famous Confucius Quotes from The great learning

Previous post: 8 Principles of Entrepreneurship (Guide Line for Entrepreneurship)

Related post: How to be a good business leader and mentor into your business

The Business Philosophy of the president group

Philosophy for Business Student(Giorgio Bertine,2017), Philosophy for Business Student (Blog of the APA).

Confucius: Fish forget that they live in water(Ruskins,2017)

“To know what you know and what you do not know, that is true knowledge.” -Confucius

Do Business and Ethics Go Hand in hand

The Product Life Cycle

The Product Life Cycle is a cycle important in marketing management, if you are a marketing analysis, the market I’m assured that you are familiar with via product lifecycle.

I decide to published and discussed The Product Life Cycle to people involve in business but they aren’t familiar with Product Life Cycle

Our objectives are to help small business people to discuss the product lifecycle.

1. Introduction

Introduction part of product lifecycle when the company introduced a new product to the market, life, for example, you own a coffee shop you introduced your new gigs or let’s say you discover a new coffee and you decided to sell it with a unique taste or lets you own a car wash shop and you own a machine that is helpful to clean fast a car.

2. Growth

The growth it is when you’re newly introduced product will increase demand and sales, like for example, you started selling a new flavor in your coffee shop the demand will increase and a no. of people visited your coffee shop will buy a new coffee flavor that can lead to increase your sales rapidly.

3. Maturity

The Maturity stage when you’re product is out of trend or the level of competition in a market is increasing it will affect your sales, other coffee shops your competitor copied your new flavor they also sell it on there coffee shops that can lead to decrease your sales, other explanation Milk Tea is from East Asia country, someone from the Philippines visit HongKong for business purpose to look for new product that they can sell in the Philippines, they buy company name, menu, and procedure of how to create a delicious milk tea, and they started to sell it on the Philippines Market, Pilipino love milk tea and someone found out that it can be a business on there own and it leads to increase the no. of competitor that may lead Milk Tea Product into maturity.

4. Decline

The Decline stage it’s when your product is out in the market, your coffee shop newly flavor that increases your sales leads to decline because no one buys this new coffee newly flavor it because it decreases sales and customer can buy it anywhere.

Tip: always do product design or research

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Learn more: Product Life Cycle

Published on AM Business

related published article: What is Marketing

How to choose product in business

The 5 ps of Marketing Mix

Product Life Cycles Guide To Implement Effective Marketing Practices

Why aren’t you Shifting your Product Life Cycle Management into the Cloud

image sources: http://ososimpletechnologies.com/2013/04/follow-tips-successful-network/