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Shvoong Home>Internet & Technology>entrepreneurship- home business Review

entrepreneurship- home business

Website Review   by:Samiyah    
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Entrepreneur home businessLand labor capital and entrepreneurship are the four factors of production. The most of important of which is entrepreneur. The best example of an entrepreneur is Leo Burnett. He started as a journalist and made himself a successful advertiser. Many of his initial ventures did not do well. To quote is the “Hershey’s” campaign. But the luck took a different turn with red meat promo of American Meat Corporation. The other well made projects were “Marlboro” campaign with a “Male Model” when everyone was taking up females for cigarette promotion.Indeed he turned out to be a good entrepreneur for the world to rememberHome businessWhen the concern for home business comes, the first thought in mind comes out to be as “what business?”. With the tremendous changes or revolution in the markets, every six months, opportunities are not limited any more. Gone are the days when every business required huge investments and lots of manpower with a very high degree of risk involved.Now, whether you are a graduate, post-graduate or not educated at all, but know how to communicate and use IT, you are game for home business. So just sit back at home. Look after your self. Look after your family. Meet up with friends. Just enjoy life to the core.What are you doing right now?Are you a young mother? Your baby is too young? Needs your care? Your family also needs you? If any of the above questions has yes as answers, then don’t worry. While complying with all the mentioned responsibilities you can still do business at home. All you need to do is to check your very self for what you are good at. Are you good in talking? Are you efficient in terms of lead generation? Are you good at convincing people? Are you good at surfing net? Are you good at house hold work? WHAT ARE YOU GOOD AT? Writing for KPO’s research work. Conducting surveys for various companies. Visiting websites. Calling up people. And many more you can do over the simple thing called “computer”. All this can easily be taken up as home business.Realize your own worth!Indian womenMany ladies in India work form home. Many are into businesses like that of making spices, carpets, wall hangings, food, paintings, research works, boutiques, beauty parlors, baby sitting homes, etc.The ones, who do not get much time to spend out of their homes, take up the tasks like the ones mentioned above. They give their time to the ones who need, give time to themselves and side by side groom themselves. You may be located anywhere in the work, if you wish you can actually work from anywhere.
All you need is the drive.
Definitions
Entrepreneur
- An entrepreneur is the one who brings all the four factors of production together. Combine the factors to make a final product. The final product is made to be sold in the market. With the revenues generated he /she pays rent of land, wages to labor, returns over the capital and the residual comes out to be his profit.Home based business-
A home-based business is any business where the primary office is located in the owner's home.For being a good entrepreneur, for a successful business, do the following:- Keep focus on service or market Create complementary products for your products yourself Treasure the existing customer base Take the help of someone- hire an employee or take help of your family members Market your business- create a website for your business Go ahead for diversification Target other markets Find our other ways to market you product Do experiments over varied markets Help others also do the sameMarketing strategies1) Existing products in existing markets2) Existing products in new markets3) Existing markets with new products4) New products in new markets
To be a good entrepreneur from home, all you need are the following qualities:-Patience- every thing has got its time and placeTolerance- not every turn is going to bring a smile to your facePositive attitud- hope for the bestCreativity- explore your creativityWilling to work- have the desire to workUnderstanding and mature approach- be open to market changesBe an initiator- start things on your own, time and tide wait for noneOpen to changes- what you are making right now, tomorrow it may not be likedAdapt new technologies and methods- earlier people preferred word of mouth, internet rules todayBe an innovator- try and innovate over you inventionsTakes risks- risk is the essence of every business opportunityManages everything- be a good manager, even if it is managing blundersMany more If you can be the above or something extra! You can be an excellent entrepreneur working from home.JUST PROMISE YOURSELF!
Published: November 20, 2006   
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