Is your entrepreneurial spirit kicking in? Do you want to engage yourself in the events planning industry? If you are, then this post is definitely for you. We will give you a quick overview of what you need to consider should you want to make this your serious business.
Know your Target
You might think that being the ‘jack of all trades’ is a good idea when you are starting your own events planning business. While it is important to know a lot of things, it is also vital to have focus. You have to remember that there are different events. We have the celebrations, education, promotions to name a few. Each celebration calls for different planning. You must know which one would be your forte so you can do more research on that, making you stand out from the rest of events planning companies. Engage in a specific niche that you enjoy doing before extending your network to other type of occasions.
Make Your Business Legal
Secure the necessary permits
Congratulations, you’ve decided to launch your company! You have an exciting business idea; you’ve thought through all the necessary steps to start and run your enterprise. If your venture requires more money than you have, the next move will be finding investors. This part is the most challenging. Admit it; you don’t have a habit of speaking with 50+ investors who get dozens of pitches like yours every day. The investors want to know why they should trust you, so show them that your business is worth their hard-earned cash. Every investor has his/her own approach to the evaluation of pitches. “Some do substantial due diligence before meeting (reading a plan, talking to people they know) and others granting a meeting without even looking at the plan at all. Some investors rely on their intuition while others crunch a lot of numbers. Almost all of them source carefully, make good use of co-investors, and focus on the entrepreneur and team” . But, if you are a first-time entrepreneur and never dealt with investors, you may not know some factors that can be
Many people believe the main issue in their life is their income and that by changing their income they will change their life in such a way they will be happy. But first, you must change your mindset, while will then change your income and ultimately your life. It must be done in this particular order, much like planting a garden, to get the results you want.
As an entrepreneur, there will always be setbacks, so you must re-visit these steps on a regular basis.
1. Get Ride Of Your Addiction To The Outcome:
This is probably the most important mindset change you can make. It doesn’t matter what kind of business strategy you are using, when you are no longer dependent on the outcome, you can become more positive. This gives you the appearance of a leader in the eyes of your prospects and is exactly what other people are looking for.
2. Actively Work On Your MindSet:
How you do this is personal to you. You may find it by reading or listening to motivational books, meditating, yoga
Starting a business can be an intimidating idea to think about. New establishments are looked upon as fragile and volatile. Usually, starting a business also requires some sacrifices, like the need to invest your hard-earned money and a great deal of time and effort without assurance of success. These are only some of the reasons why not everyone is enamored by the idea of putting up their own businesses. Others just do not have the confidence to pursue their ideas while others may not even know where to begin.
Whether you are a student struggling with student loans, a senior citizen looking for additional income or a young businessman looking to make it big on the market, starting a business will surely help you increase your finances. Your circumstances or your reasons for creating such an endeavordoes not matter when starting a business. What matters is your plan and strategy in turning it into a success.
Theodore Henderson who is partnering with the Entrepreneur Strategies Academy gives up and coming businessmen the chance to learn from the best. By enrolling in his one of a kind entrepreneurship course, you will gain the
Not every entrepreneur is the same. Some are born rich, some have university degrees, while others have none of these. Having a lot of money and a degree is not a requirement to be a successful business owner though. There are those who are not so wealthy and do not very impressive educational backgrounds that have succeeded as well. It’s just a matter of having these five characteristics. Make sure you develop these when starting your online business.
1. Thinks Clearly
You need a clear mind so you can absorb information about many different home business ideas. Learning as much as you can is a very important aspect of starting your own business. More so, you should avoid having a worry-filled mindset. If you always think about what can go wrong, then you can’t sleep well at night, and you can’t think clearly. Worrying too much will greatly affect your efficiency in managing your business.
2. Communicates Effectively
As a business owner, you should have good communication skills. You should be able to share your ideas to your clients and employees in ways that they will easily understand. Otherwise, how can you convince people
Dream big, work hard, and stay humble are the best words of advice anyone can give you, and self-belief goes a long way. It’s okay for young entrepreneurs to have big dreams; don’t underestimate what you are capable of. Steve Jobs was only 21 when he co-founded Apple. Don’t let the opinions of others impact your future. Don’t just think you can do it… KNOW you can do it. Believe in yourself and your dreams. Include others and get help from people you trust, people who have achieved what you want to achieve, to fulfill your dreams.
I’m proud to say that many have helped me along my path, and I’ve helped many. Without the help of people more experienced than myself, my latest achievement wouldn’t have been possible. Many others were a part of my newest project, an e-book about photography, and it’s one of my greatest joys to help other dreamers succeed as well. From the business owners and clients I serve, to the talented team I’ve hired and trained, to other entrepreneurs and friends who are business owners.
Working hard is a relative concept; the hours we
“What we have to decide is what to do with the time that is given to us.”
Smart or Hard?
Hard work is important. Those who work hard and are consistent with their work are much more likely to achieve the things that they want.
However, working hard doesn’t necessarily mean that the work you are producing is of value and good quality. Other times working too hard may cause stress that leads to producing work that is of lower quality.
I believe that we must put more emphasis on working smarter. Let’s look at 5 ways on How to Work Smarter Instead of Harder.
Time. The first thing that you should be aware of is how you spend your time working. It’s a good idea to make a plan of what you will be working on, how you will carry out your work and also to decide how long you need to spend working on each task. This way you will learn how to use your time in a smart way so that you can reduce your working hours while being more productive.
Standards. Having standards are different that having goals.
“There is only one success, to be able to spend your life in your own way. – Christopher Marley.”
Becoming your own boss means that you create your own business. You are going to have to take responsibility for your business and you have to be willing to take risks. That said, here are 6 reasons why you should be your own boss.
You pursue a purpose – Being your own boss means that you are able to decide what you want to do with your career and your life. If you were working for someone else, you are working for their purpose, which you may or may not agree with. However being self-employed will give you the opportunity to create a unique purpose that will contribute to other peoples’ lives.
You are passionate – Creating your own business means that you can use your interests and passions to your advantage. You will be able to build a business that resonates with the things that excite you and give you passion. You will wake up every day feeling excited to work because you enjoy it.
You create freedom and flexibility – Working for yourself
There is a big misconception with first time business owners and entrepreneurs about non-profit businesses. Many first time business start-up owners think that they would rather start a for-profit over a non-profit because they want to make money. The thought is that they do not want to start a non-profit because they (incorrectly) think that non-profits cannot make money.
The fact is that there are more streams of revenue in a non-profit organization than a for-profit business. Although not all types of businesses are eligible for the non-profit tax-exempt status, there are some types of businesses that can easily be formed as a for-profit or non-profit. Perhaps the best example is a child day-care center. Regardless the type of business entity the child day care center can charge the same rates and fees for the same services. The staff can receive the same rate of pay and benefits. The same profits (surplus) can be gained.
In addition to generating the same revenue through the sale of products and services the 501c3 non-profit can receive tax-exempt donations from fund raising, in-kind donations of products and labor (volunteers), endowments, and grant funding. The 501c3 tax-exempt organizations are also
If you plan on striking out on your own to start a new company, you’ll find that there are ample resources that are designed to guide entrepreneurs through this process. Starting a company is cheaper and easier than ever before given the ability to leverage the Internet in order to effectively connect with people while minimising your operational and outreach costs. There are, however, a few important things you have to do to ensure that your startup is a success.
Although starting a business is currently cheaper and easier than ever before, it is still important for business owners to have a secondary and steady source of income throughout their first year of operation. This will take the pressure off of your company to succeed immediately. You will have sufficient funds for covering your ongoing operating costs and your basic living expenses and will not have to function in a constant state of panic.
Establish a solid working schedule so that you are devoting an appropriate amount of time to your new organisation. A lot of new business owners expect that they can earn massive sums of money overnight, without having to invest a whole lot
The minute you felt called upon to seek out your freedom and prosperity through entrepreneurship or running your own home based business, what kind of thoughts and emotions flooded your mind?
Did you immediately feel totally confident that this would be the turning point of your life where you get to design life on your own terms and create your version of heaven on earth?
Or did you get filled with a sense of worry and overwhelm over whether or not you have what it takes to make such a huge thing happen?
For most people it’s always a little bit of everything… That’s why I am making this little article for you because I want to make sure that you don’t get stuck halfway through your rise into greatness and success.
If you know that becoming an entrepreneur and being independently wealthy is the reality that most suits you, then you certainly need to read through and gain better clarity as to how you can handle those voices and emotions of distress that will try to keep you stuck in the old way of life.
Why you need a change of mindset
Entrepreneurship has traditionally been defined the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale.
The above written lines state the meaning of the word entrepreneurship as per the widest searched platform on the internet, Wikipedia. But, the question is, does it really mean only this much or is there more to entrepreneurship. Let’s explore.
When you design a service or a product and think of launching it in the market, does it really just take that idea and the work is done? We sure know for a fact that this is not and can not be the case. It takes a lot more than just an idea to be running a successful business. The initial few phases of launching a startup are nothing but utter chaos. Also, understanding the responsibility takes some time. With time, the attitude towards life changes and also a sense of how to get things done is developed.
Let’s delve into what transformations you go through when you go from a common man to an entrepreneur. Let’s discuss what changes
We hire coaches and mentors for a reason; to stretch us, take us where we have yet to go and remind us of the little things that add up to big outcomes.
Personally, I hire experts to push me and encourage me to take risks (and big ones at that). What I fail to understand is when someone hires a coach and either never shows up for their calls, in-person masterminds, VIP Days or whatever is offered as part of the package. This truly boggles my mind.
Then there are the people who do take advantage of what’s being offered, but never take any of the recommendations to heart. What a complete waste of time and money. If you’ve hired someone for their expertise, be willing to put their ideas into action.
One of the greatest benefits of having a really strong mentor is the trickledown effect. What this simply means is: what we learn from someone else, when we apply it and get a result, we are able to teach others.
I’ve been hiring business coaches for years. Although I have a successful business, hiring a mentor gives me the opportunity to bounce
An entrepreneur can be defined as someone who is in control of his or her own destiny and who makes things of economic consequence happen.
To be an entrepreneur you have to have a particular kind of mindset. That is, you have to have; 1) a strong desire, 2) perseverance, 3) initiative, 4) persuasive skills. 5) a winning attitude and 6) a bottom line mentality.
To begin with you should write down your concept as to what you economically want to do as precisely as you can in only one paragraph. But in doing this you have to watch out for the various traps that exist in developing a concept. They are; 1) it won’t work, 2) you can’t make any money on it, 3) there is no market for it, and 4) there can be unpredictable customer behaviour. But also remember this; that the customer has to pay at least 5 times the direct cost of a product.
Now there are three types of Business entries that you should consider. They are; 1) starting from scratch whereby you should be prepared to take 5 to 8 years to start a business, 2) buying an
There is a little more structure to being an entrepreneur as well, and it’s not all ‘flying loose and free… ‘ The name of the game is having a goal, seeing the big picture, developing a plan, learning and re-assessing constantly, being adaptable, and following through.
This article offers up a few tips and some practical help to guide you on the start of your enterprise.
1. If you’ve got a job, don’t quit straight away!
This is something which I did myself, and it really was the best thing to get me started. It allowed for me to start up allocating the time and finances I could afford to invest in the new venture, while maintaining a level of stability. It bought me the time to be able to make a few mistakes, learn the ropes, and become confident enough with the direction that things were moving in, to be comfortable with giving up the day job without going into a state of panic.
It can generally take around six months to a year, (if not more), to get a business going, and where it’s possible to develop this while benefiting from the
The word “failure” has many negative connotations. As an entrepreneur, you have to get used to the word and to the idea that sometimes an idea simply doesn’t work. But this does not mean that a goal is not worth chasing, only that there must be another way of achieving it.
It is important that entrepreneurs learn to see the benefits of failure and learn to identify the lessons that can be learnt from it.
Further, it is important that we learn to be resilient: it is easy to be disheartened by a defeat and to become convinced that the idea is not worth pursuing. But no experience should be disregarded, no matter how unsuccessful the outcome.
Failure, in one form or another, is inevitable for everyone, but particularly entrepreneurs. The first thing to do when facing disappointment is to take account of the facts – don’t ignore what’s happened or try to put a too-positive spin on it. Be honest about what’s gone wrong so that you can you accurately identify the lessons and take action.
For entrepreneurs, not knowing whether or not something would have worked can be worse than failure. Thomas
There are three facets to belief. If you are a Christian business owner, you must take these three things seriously in order to truly be successful in business and in life. These are foundational to who we are as Christians and as entrepreneurs.
Belief comes from an old German word that means “to hold dear, esteem and trust.” There is a lot of power in belief if we understand the belief pyramid. The three kinds of belief for Christian business owners are: belief in God, believe in self and belief in business.
Belief in God
I was talking to a multi-millionaire this weekend. We started talking about faith and he shared a great concept with me. He said, “I don’t know how people do it without faith. They have nothing above them to keep them from being dishonest.” He went on to explain that when people don’t have some sort of faith, they can do whatever they want. In business, that could mean taking advantage of others and running a business with little or no ethics. (It happens!)
Starting with a foundation that there is a God and He is bigger than us helps
My first business venture was a partnership. Working with another person with similar dreams was the only way I was able to get started as a business owner. We coupled my general business skills and money, along with his expertise and time. We operated three units of a local pizza restaurant franchise throughout the 1990’s. I kept my day job, and my partner took care of the day-to-day operations of the business.
I’ve gone on to experience less rewarding partnerships, and fortunately, much more fruitful ones as well. I now understand more clearly why I prefer working in teams, and how I am typically more productive combining my skills and energy with my partners’. Starting with that first successful teaming, I have come to understand and appreciate that at the foundation of a strong business partnership are the three pillars of trust, respect and agreement.
Before there can be anything meaningful and lasting in a relationship, there must be a mutual level of trust. Trust, however, takes time to develop.
I have known David Begin, my current partner in various ventures, since 1991. We met when we both worked for a large