Entrepreneurship

Many people have the dream of starting and running a business of their own. However, some people hesitate to fulfill their dreams as they do not have the confidence of taking the risk of starting a new business venture. If you are among those people, who want to be a successful business entrepreneur, you need to follow some simple tips to pursue your dreams.

Time Management– This is one of the most important factors to be noted when you want to get yourself established as a business entrepreneur. When you are starting a business of your own, you need to know how to make the best use of your time for increasing productivity.

Use Your Resources Properly– When you are into a business, you should also give due importance to the resources that you are using. Select your resources depending on the type of your business and monitor for the best utilization of the smallest resources that you have accepted. Make sure your staffs are making the best use of their time and the resources provided to them.

Manage Your Human Resource– It is always advisable to appoint an experienced HR head for your company.

Managing Human Resources of your business venture properly means not only getting the best services from the manpower but it also ensures that you provide them the best work environment to work in. Salary, incentives and other benefits that are required for managing the employees should be given due importance. It is only possible when you have an experienced person to frame the HR policies. You can also outsource the Human Resource works if you do not want to make investment for this.

Public Relation– When you are interested in running a business successfully, it is quite obvious that you will have to maintain proper public relations. If you have the skills, you can get the job done on your own or you can also appoint experienced professionals for maintaining the public relation desk of your office.

Social Media Relation– The importance of social media has increased significantly in the recent days. Your business should have a successful online presence and for that social media marketing is extremely important. Appoint a professional, who knows how to make your business stand in this competitive online market so that you can grow the venture easily.

When you are interested in establishing yourself as a successful business entrepreneur, you should have complete understanding of what you are doing. You should also know how to make your decisions correct.

How to talk to a CEO?

This one question arises in a person’s mind when he is assigned to meet a CEO of any company. A CEO of a company is a personality who is highly regarded. It is no joke if you have been asked to meet one CEO. If you do not want the outcome of the meeting to be a disastrous one, you must follow certain tips to handle yourself properly in front of him.

• Do Your Homework: A CEO is a highly visible person. Hence, you would not find it difficult to track down professional and personal information of the concerned person. Collect all the necessary information before meeting him. Prepare yourself for the conversation with natural flow keeping in mind the information in the researched materials.
• Be Specific: The most important thing for a CEO is his time. Hence, you should in no way knowingly or unknowingly waste it. When you are given a time for meeting a CEO, ensure that you keep your purpose and plan absolutely ready. Be prepared to answer certain questions that the CEO may ask to test your credentials or get answers to his queries. Try to be to the point so that you take his bare minimum time.
• Ask Questions: Since you would be the one who is going to do all the talking, more specifically, questioning, hence it is important that you come prepared with the important questions to be asked. If you cannot find questions to be asked at a particular time, it is a wise decision to let the CEO speak. You can then frame questions based on the answers. Sometimes, it is important to take the benefit of the guidance, wisdom and experience of this kind of known personality. For getting that, you need to let them speak too about their personal and professional life.
• Feed their Ego: A CEO is a very important of a person. Since he has achieved so much height, he thinks a bit high about himself, which is right too. If you want your meeting to be successful, you must boost his ego. However, you must not sound like a sycophant. Moreover, he would immediately understand your intention. You must appreciate him subtly so that his ego is boosted and he does not doubt your intension as well.
• Plan for Redirection: Before your session ends, you must talk to the CEO and ask for the person with whom you can follow up later. He would surely like the idea since on one hand you would not be taking any more of his time while on the other, you are responsible enough to take on something constructive with his subordinates after the meeting.
• Say Thanks: Saying thanks to the CEO for his time is of extreme importance. You can send him a mail by post or email him a “Thank You” note as well. However, thanking him immediately would look better. You must also remember to thank his assistants, as they are the source through whom you got access to meet the CEO and the same people need to be contacted in future also if you have anything to say to the CEO.

These are the basic tips that would help you to talk to a CEO of a company successfully. To add to the tips, it is important to stay cool and be in good humor if the situation demands.

 

Nowadays, a large number of entrepreneurs are coming to the market for starting a venture of their own. If you also do not have the desire of serving someone else’s company and want to be your own boss, you can also join the queue. However, starting up a venture of your own is not all. To make your idea of business successful, you also need to know how to grow your business in this extremely competitive market. There are several ways of growing your business and becoming the market leader. One of the best ways is to use the storytelling idea.

When you are using storytelling for expansion of your business, you need to throw your words in such a way that there are lots of lots in your sentences. Share whatever you smell, feel, hear, taste and see in such a way that it makes a great impression on the mind of the listener. Use language in such a way that the listeners are completely involved in your story and is ready to buy your story.

To use great storytelling for the growth of your business, you need to give a proper structure to the story. Your story should have a proper context, some believable complications and some questions along with some answers. If a story does not follow a proper structure, it will never be possible for you to make the listeners believe to what you are saying. They will also not be interested in listening to your story.

Before trying out the idea of using story telling for the growth of your business, you can try out for some experience of listening to experts when they tell a story for the growth of your business. This will help you understand, how you can involve your listeners in the story telling and you would be able to implement the process in a much successful way.

When you are using storytelling for the growth of your business, you should ensure that the tale you are telling is revolving around your business. Not only that but also you need to ensure that the story you are telling has some personal touch and something that makes sense. When you are using storytelling for the growth of your business, you should do sufficient research for the work. Without doing proper research of the work, your idea of using storytelling for your business will be a complete wastage of time and effort.

The position of the Chief Executive Officer or the CEO is one of the most important and the most respectable positions in any company. The CEO is responsible for executing a multiple jobs related to the operation and the development of a company. In many small firms, it has been found that the owner or the co-owner of the venture enjoys the position of the Chief Executive Officer as he has the complete idea related to the business proceedings and knows how to make the business a success. However, in the larger corporations, the condition is not the same. A responsible person is appointed as the CEO of the company for a specific period of time. He works in exchange for a salary. His term is extended depending on his performance.

As the job and position of a CEO is quite important for any firm, it often becomes difficult for the owners or the board of directors to fix appropriate salary for the CEO. It is generally done based on the average salaries received by the senior executive officers of different companies in the country. Though this is a good way of initially deciding the salary of CEO by the company but getting a pay raise for the CEO might be a bit tricky task.

If you are the CEO of a company or if you have the eligibility to become the CEO of any company, you should know the ways of getting pay hike. The most common rule in this case is observing the market and find what the other companies are offering to their CEOs. When you find your salary is lower than that of the people holding the same position with other companies, you should make a request for salary revision. Yet, one thing that is to be noted in this context is the comparison of salary should be made among the people working in the same industry and not with others.

The pay raise should be requested only after working in a company for a certain period of time. You should also check out whether the company is making profit or not. If the company is running in loss, it might not be interested in raising your pay and it might also look out for someone to replace you. Therefore, before seeking a pay raise, you should make all your groundwork for the act carefully.