Monday, November 29, 2010

Exercise 2 (Due on before November 30, 2010, 1pm) Sun Nov 21, 2010 9:57 pm

Gaining wisdom within one of your passions can become a 24/7/365 adventure. Look at some things on your list to see if combining them would make someone's life more convenient. There will be challenges, but your dreams are a promise that your efforts can help create. That is why passion to pursue this business idea is so important, it can provide the determination to keep going during difficult times. Starting and running a successful small business isn’t easy. Sure, the scam artists out there (and there are thousands) want you to believe you can make money without the blink of an eye. It’s hard work. But you’re absolutely up for it. This is your vision and some honest elbow grease is a small price to pay for reaching your lifelong dream. You know that – and you’re up for it.
Have you ever surprised yourself by accomplishing something you didn’t think you could? Maybe the success was the outcome of sheer effort. Or did it almost seem effortless – like you were guided to success by an invisible coach who calmed all of your fears and doubts and allowed you to focus on the one thing that mattered…your success.
What we’re trying to say is that if you’re passionate about your small business ideas, there’s very little that can stand in your way. It’s the passion you have for your business that will help you conquer your fears and finally start the business you always wanted.
But yet, something has kept you held back…
Maybe it’s a fear of failure. The fear of not succeeding has simply paralyzed you. A lack of confidence has “frozen” any chance of your getting started.
Or maybe it’s a lack of capital. Not having enough money to fund a startup or sustain one’s family during the beginning phases of the business are concerns that keep many of us locked behind our desk in a nine-to-five grind. Or worse.
Or maybe you just don’t know where to start – you have limited business ideas. Believe it or not, many potential business owners never get started because they have trouble coming up with small business ideas. They lack that special creative spark that ignites the entrepreneurial flame.

Making ideas is one of the many things to make a successful business in the future that would surely earn big income and would boost and enhance my skills in producing and building a successful idea in the field of technopreneurship. I am also concern on how that business idea would work and be successful in the coming future. Don't ask yourself what the world needs; ask yourself what makes you come alive. And then go and do that. Because what the world needs is people who have come alive. The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and then starting on the first one and so is the business. I also look forward the risk in making his business idea when it will be implemented. It makes me curious on how this business idea would help me as a student in the field of my expertise.
Small businesses are everywhere, but only a few actually have made it to the top. Obviously, if you are like me, you look at a business as a sizable investment because no matter how small it is, there is still a start-up cost to pay. In this day and age, people are looking to save as much money as they can. Unfortunately, the economy isn’t what it used to be and people have had to adjust. But yet, even in these hectic times, time is till moving forward, and everyone is looking to become an entrepreneur. There are a lot of great business ideas out there. These ideas will all sound tangible and easy to implement, which can fool many people. They will sound bulletproof, and if you can find willing investors, these businesses will be funded. They might sound excellent, as if the business would be invincible, but without a contingency plan, it will eventually crumble. This usually happens to small start-up businesses and businesses that are set-up without analyzing their target market, their capital, and the like.
You have powerful points of wisdom within that when expressed could be your authentic edge in the marketplace. That wisdom represents better business ideas than anything your conscious mind realizes.
We talk a lot about authentic expression in terms of standing up for what’s important and in terms of life purpose but I don’t think we talk enough about our inner wisdom and how to extract it. When you decide to express your well-earned inner wisdom you set yourself apart in remarkable ways. It’s your wisdom and no one else can express and exploit it like you can. Your best idea is waiting just below the surface, buried under your lack of willingness to dig and your fears. How about instead of waiting for true calling epiphanies you take a look at how to dig deep and extract your own inner wisdom?
An idea came out into my mind which I think a good investment interms of growing a business. I choose a business that engages with books since I am a book lover and I love to read books. In the present time, many people especially students need a medium in gaining information and entertainment, the books. I've always wanted to have a bookstore, and having one online is so much easier than a bricks and mortar store. However, there are pros and cons in making this business idea. If I will to put a business having enough money as a start-up capital. It is not just an ordinary business taht sells books because it has its differences from the other book related businesses. The smartest move that you can make is to carefully map out an effective career-change strategy. A catch phrase is like bait – it hooks the target clients that they would want to read the whole of your message in your brochure, catalog, print postcards, and even in your bookmarks or hang tags, websites or blogs. And just like any other business, your business needs all the help it can get to be attractive and appealing to your target clients.
I call this business as “The BookRoom”. This business offered many features. This business has been design to fill a niche that exists in the market place. I will compile business plans rapidly and efficiently, at a fraction of our competitors' prices, whilst maintaining the highest levels of quality and client service at all times.
The key to success once your own business is started is to keep learning. Cultivate your natural abilities and grow with them. Many small businesses have been doomed from the start because of false hopes. Those of you who already operate going firms have avoided wishful thinking in other business areas. You need to avoid it where innovation is concerned, too. The success of this business will be directly influenced by my dedication to continually improving the quality and service in every aspect of the business operation. To multiply small successes is precisely to build one treasure after another. In time one becomes rich without realizing how it has come about. This business is not just through internet but also through personal interaction with the customers which I believe the best way to offer my featured products which are the books. The business offers different kinds of books both new and old books(used books). I would also pursue buy and sell. Example, buy old books which are often use and sell them to other people through online or through face to face. Making Blogs or designing a website for selling the books is one way of selling the books online. The website offers different function such as searching books that are offered and are useful to the website visitors and clients or searching related books that can be use by the customer. Displaying the content of a certain offered book on the website is one of the best way in satisfying a customer who wants to buy a book. The business also offers not just the featured books on my website but they can also contact me in searching book I do not offer in my site but I can search and buy it and sell it to them in a good price. But before buying the book, they need to pay a total of 50 percent of the total price which includes the charges.
The challenges in the 21st century are the greatest signal to technology developers regarding what new technologies to come up with. For example, the ever increasing climate change worries can be seen as entry points by some technology developers from all sectors to develop environment friendly products. The market potential for cheap, accessible, and renewable energy is a great opportunity for engineers and scientists. The same goes to developers of electronic items that consume the least energy while achieving the same amount if not more work with today’s existing electronic items. There is also a great potential to discover long lasting batteries that do not pose environmental threat during disposal. It cannot be argued that the niche for environment-friendly new technology is here to say. The smartest small business ideas are one that take the current market conditions into consideration, as well as projections on how the market will continue to grow. These days there are fewer investments as lucrative and safe as starting a small business that focuses on new technologies.
The information and communication technology niche will still remain in the forefront of all potential technology-based business startups. Still in line with going green, the next technology-based business that could develop further the existing networking technology and provide ways closer to a paperless office. As specific example, there is a great potential for profit for the next IT business to develop a Web-based spreadsheet that does more than storing text and performing simple calculation. The Internet security business, too, is seeing no letup in demand as more and more business operations are now done online. Of course, technologies that ensure human survival as in food and health security will never go out of demand. There is always a demand for new ways of growing and producing safe food products that could feed an increasing population. Technology-based businesses that develop hospital gadgets like new diagnostic equipment or even patient data processing and storage will always have a sure market.
New ideas in security technology should also have a good share in the market as people and businesses are constantly looking for new ways to secure their properties and even their lives. In the 21st century where physical security is becoming a necessity, technology-based businesses focused on discovering new ways to secure lives and properties from natural as well as man-made disasters should see a good demand for their products or services.
There are many ways to get involved with a technology driven small business. You could start a consulting firm that would keep up on the latest technology and help other small businesses incorporate the newest products and concepts into their own business plans. You can buy and re-sell new technology products. You could also train new comers on the latest computer programs.
Just like there are many ways to get involved, there are many different types of technology as well. One of the most lucrative is alternative energy technology. People are beginning to realize the impact that our fuel consumption has on the environment and are increasingly interested in finding alternatives to traditional fuels.
Another option is focusing on gaming technology. You've probably seen news stories of the long lines outside of retail stores the day the newest game console comes out. Finding a wholesaler to sell you these products at a low price, and then turning around and selling them for a huge profit, is a great way to start a small business.
No matter which route you choose, the key to these smartest small business ideas is to keep an eye on the trends in the market. Learn from other's mistakes - and their achievements - and you'll be well on your way to success.

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