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ZenboLife is a life planning & personal productivity tool. It is a holistic application to help store all your contacts, tasks and notes as well as guide you through the process of planning your life. It is designed to cover all areas of your life to be your all in one source.

Entrepreneurship

  • If you have seen examples out there a business plan may seem overwhelming at first. The point is to put all your ideas on paper so you can show others (the bank etc.) what you’re trying to do. Don’t forget it can also help you to re-focus if you get to far away from your original goal. It may seem time consuming but it’s worth it.

    There is no set-in-stone manner to compose a business plan. The most important thing is how it addresses your requirements Either a simple business plans or the elaborate business plan (Traditional) they all focus on summarizing the essential points of the critical elements of your project. Thus, writing any meaningful and standard business plan can take you as little as an hour to make In this article, I am going to discuss and enlighten you on how to write a simple business plan as an entrepreneur When writing a business plan, you do not need to adhere to the definite field-tested strategy plot. Instead, it is advisable to utilize the segments that bode well for your business and your needs. Furthermore, simple business plan writing formats contains a blend of these areas accordingly.

  • To make your company grow, it is fundamental to carry out production planning and control. They ensure a tuning of work inside and outside the company. This process facilitates the integration of production and sales sectors of your average or large company, as it balances internal activities with appropriate procedures and externally connects your business to the market.

    In this way, these measures facilitate planning practices and standardize your company’s products and processes, and so your business will achieve success with ease.

    Make sure your business is ready to grow

    The first step in this process is to have the primary goal outlined, whether you want to expand geographically, increase revenue, or expand market share.

    After this analysis, evaluate the situation of your company acting in a larger dimension. To do this, do some planning, find out what is necessary for your company to increase sales, which areas would be impacted by the expansion of the company, which is feasible for the company in the new branch.

    With this process, the entrepreneur will have a sense of what will be the risk points of an expansion of the company and will find the best alternatives and improvements needed for the company.

  • The fear of failure is one of the main barriers when it comes to entrepreneurship. We are afraid that all the hours and resources invested will not bear fruit. While it is true that starting an activity on your own always involves taking certain risks, there are profitable businesses that demand a minimum initial investment and reduce insecurity. Thanks to the new technologies, profitable ideas of entrepreneurship can be launched.

    Five profitable business ideas with a minimum investment

    1. Dropshipping

    The dropshipping is a system of retail so that you become a kind of intermediary between the buyer and wholesaler, who is who distributes the goods. Through your online store, you are responsible for managing customer service, generating the database and marketing actions; while the wholesale company stores, packages and ships the items in your name.

    The main advantage of dropshipping when it comes to entrepreneurship is that you can reduce the economic risk since you do not have to invest in infrastructure or merchandise. You can focus on improving sales by leaving the logistics in the hands of the wholesaler. One of the main problems of this model is that profit margins are very tight, so to make this business idea profitable you will have to start a good marketing strategy that allows you to sell a lot.

  • Starting a business is not that complicated; the challenging thing is to overcome the first stages and consolidate the project. Unfortunately, it is estimated that 80% of small businesses fail before five years and 90% of them fail to reach their first decade of life, as revealed by a report by the Barcelona City Council that analyzed entrepreneur activity in different countries of the world. In many cases, the failure is due to lack of planning and poor business management.

    How to start a successful business?

    Design a business plan

    Any project must have a business plan that determines its technical, commercial and economic viability, also arousing the interest of potential investors. This tool will help you shape your business idea and allow you to plan the necessary steps to put it into practice so that you increase the chances of success and maximize the profit margin.

    Analyze the competition

    Before starting a business, whatever market niche you have chosen, you must gather basic information about the competition. What are your main competitors doing? What added value can you contribute that differentiates you from them? How satisfied are your customers? Look at the services they provide, the price range they apply, the staff they have and, if possible, find out who their distributors and suppliers are.

  • A well-structured business plan is a valuable tool to analyze and design your project. By identifying weaknesses and strengths, you can make a smarter investment and increase your chances of success. You can also analyze the technical, commercial and economic viability of your business idea, as well as plan the resources you will need.

    The business plan is also essential when looking for financing because it is a kind of “business card” of your business project. Not only shows your professionalism and ability to project to the future but in some cases, it is even mandatory to apply for grants and public subsidies or find the support of private investors.

    How to make a business plan step by step?

    The content of the business plan will depend on the complexity of the activity you want to undertake and the volume of investment you need, although there are some basic details that should be present in any business plan, for example:

    Executive Summary

    The executive summary is essential to generate interest in potential investors and encourage you to continue deepening your proposal as it is a kind of extract from your business in which you will have to summarize the central ideas of the plan.

  • If you are thinking of joining the group of globally rising entrepreneurs and starting your own business, you must first be clear about what an entrepreneur is and what characteristics you must promote to be successful.

    What is an entrepreneur?

    An entrepreneur is not only the person who creates a company but one who envisions a business opportunity and decides to take advantage of it by starting an activity on its own. Entrepreneurship is an attitude, a way of being and thinking that is reflected in business.

    More broadly we can define the entrepreneurial initiative as “the propensity to induce changes in oneself, the ability to accept and support innovation caused by external factors, to welcome change, to take responsibility for one’s own actions (be they positive or negative), to finish what is started, to know in which direction it is going, to establish objectives and fulfill them and to have the necessary motivation for success”.

    The seven characteristics of the entrepreneur

    1. Passion

    “If you’re passionate about something and work hard, you’ll end up being successful,” said Pierre Omidyar, the founder, and president of eBay. An entrepreneur firmly believes in his idea and is willing to invest time and resources to make it a reality. Without that passion, you will not have enough energy to face all the problems that will arise along the way, and you will lose motivation.