4 Reasons Young People Should Become Entrepreneurs

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4 Reasons Young People Should Become Entrepreneurs

Unemployment got you down? Just graduated with student loans, but can’t find the right job? Well, you’ll be happy to know that there are more new business startups in the United States-South Africa and in the World – than ever before. And, you can create your own job by starting a business, on a budget, doing what you love and what you’re good at — i.e., your passion and expertise.

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Here are 4 reasons why you should start your own business as a young entrepreneur:

 

1) You’re not a good employee and don’t like working for anyone else then read on.

2) It’s easier than ever to become an entrepreneur, and technology has a lot to do with it. You’re a tech-savvy millennial, and Internet and mobile technologies make it easier to connect and identify with people based on shared values and ideals. At the same time, as technology has connected us, people have become very comfortable with online shopping through sites like Amazon, eBay, and PayPal, which have become very popular.

3) You’re thinking about leaving your day job to pursue your passion full-time. As a young, aspiring entrepreneur, focus on how that passion is going to help other people. How is what you love to do useful to others? It’s not just about innovation and disruption, but think about how you can serve people and really bring them value that makes their lives better.

4 Reasons Young People Should Become Entrepreneurs.

4) You know how to use social media marketing to reach lots of people quickly. Go ahead and put your idea out there as quickly as possible. Define your product or service, the customers it’s intended for, a way to process payment, and the price. Then, go viral.

All entrepreneurs wonder if their companies will succeed, but you don’t really know until you try. So, do it while you’re young and have little or nothing to lose.

If you need any further information on getting a standard business plan for R500 as a template contact me.

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The Power of Vision.

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The Power of Vision is what serves several purposes in an organisation. First and foremost, it captures the organisations future intent. In other words, it paints a picture of what the company intends to become, not what it is today.https://www.mjfgroup.biz/dailyquotes/howyoudefine the problem

This topic has been written about by Authors, Songwriters and Preachers so it is not new.

  1. The Power of Vision by Joel Barker – Star Thrower Distribution.
  2.   Myles Munroe: ‘The Power of Vision’
  3.   The Power Of A Vision – Jesus Culture,
  4. Power of a Vision | Leaders Living Life Fully – Eternal Leadership
  5. The Power of Vision | A Sermon | Pastor Taiwo Kayode — House On …

A Common red line through just the few I have highlighted here.

A vision should stand the test of time and perpetuate the enterprise over a long period of time. A vision can serve a multiple of purposes:

  1. A vision bonds. Companies are populated with individuals possessing a diversity of skills, languages, cultures and personalities. A vision can give people a common cause and direct their energies towards a unifying goal.
  2. A vision inspires. Although corporations measure their progress over time with numbers – growth, profits, or both- numbers do not generally inspire ordinary people to do extraordinary things. But, a more noble vision and strategy can inspire beyond one’s expectations.
  3. A vision is an anchor. When times are difficult, a vision gives an organisation an anchor that will steady the ship and hold everyone together until the storm passes.
  4. A vision is a potent competitive tool. Having a sense of what one wants to become when grown up gives the organisation an enormous competitive edge and advantage over those that as my daughter says ‘haven’t got a clue’.

The Power of Vision.

Required attributes of a successful vision.

A vision

  1. Will mobilise a large population of people who might not have any other attachment to the organisation than that it is their job and source of income,
  2. Must have certain attributes in order to get ordinary people to do extraordinary things.
  3. A power of a vision must be clear. The vision cannot be ambiguous. Most people in an organisation do not want to be leaders – they simply want to be good followers. As such, what they want to know from their leaders is: “Where are you taking me so I can decide whether I want to follow you there?” As a result, the leader must design a clear vision that can quickly and clearly be understood by all employees.
  4. A power of a vision must be compelling. A goal of becoming a Billion-Rand company will not motivate ordinary people to do extraordinary things. Numbers are usually not compelling enough to mobilize large groups of people to want to achieve beyond their capabilities. In order to motivate people to overachieve, the vision must ‘compel’ people to want to overachieve voluntarily. Thus the reason for Steve Jobs attracting John Scully to join Apple, even though he gave up a very lucrative job with Pepsi – not with promises of a large financial incentive, but rather with the “opportunity to change the world”. What foresight Steve Jobs exhibited in those days back in 1971. That is exactly what the PC industry, led partially by Jobs and Apple, has done.
  5. A power of a vision must be distinctive. Not many people want to work for an imitator, where every transaction the company engages in turns out to be based strictly on price. That is not a fun world! The best companies have a distinctive vision that does not attempt to imitate their competitors but sets them apart from these competitors. Like the super racehorse Secretariat, their notion of competition is not run side by side with their competitors but, rather lead the next best competitor by 31 lengths, pulling farther and farther ahead of each business cycle. As Samuel Johnson once said, “No man has achieved greatness by imitating another man.”
  6. A power of a vision must be consistent. A vision that is constantly being adjusted is usually not going to impress anyone, PARTICULARLY YOUR OWN TROOPS. Visions that are forever changing reflect the lack of forward thinking and will become the butt of everyone’s corporate joke – the proverbial “vision of the week.”

The Power of Vision.

http:///www.mjfgroup.biz/thepowerofavisionA personal perspective of what  constitutes a Vision and it’s elements. By Dr Michael J Freestone.

Next Blog My method in – Writing a Powerful Vision Statement.

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Business Improvement and Evaluation

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https://www.mjfgroup.biz/Business Improvement and Evaluation A Business Improvement and Evaluation Specialist

The most important functions of a Business Improvement and Evaluation specialist is to gather information from a host of sources, including those internal and external to the organisation. This information will be used to determine what is the current problem in business processes, and more importantly, how they can be resolved. This will lead into the discovery of the problem of the company. If the company is not achieving its vision and mission and Objectives. This may in particular may mean the you are not acheiveing your marketing targets. If the employees are not showing productivity, or if the production is way lagging below the target.

 

More than the identification of the problem, the Business Improvement and Evaluation Specialist is also concerned about executing the solution, making sure the implementation is done properly. It should be also tested first to make sure it will deliver the results that are anticipated. In this case, technical and project management skills will prove to be necessary for the purpose of proceeding with the required steps.

https://www.mjfgroup.biz/Business Improvement and Evaluation A Business Improvement and Evaluation Specialist is able to replan and execute marketing strategies while being able to stick to the allotted budget. With the increase in the popularity of digital marketing, these specialists are also known for being able to recommend how businesses can be improved while taking advantage of the trend.

Seeing that Digital Marketing knowledge and experience is necessary in Business Growth today Dr Freestone has taken up an EU recognised  Advanced Diploma in Digital Marketing.  He is an expert in identifying how to take advantage of the current trends to grow and develop a business to new levels.. https://www.mjfgroup.biz/Business Improvement and Evaluation

 

 

 

 

 

 

 

 

 

 

 

Business Improvement and Evaluation

Aside from those that have been mentioned, a Business Improvement and Evaluation Specialist will also help in improving workflow, enhancing leadership, trigger collaborative efforts, improve customer relationship management (CRM), find new suppliers, and introduce strategic initiatives for business success.

Generally speaking, a Business Improvement and Evaluation Specialist as the name implies, is vital in developing the business, making it more competitive. With their help, even small businesses will find it easy to keep up with the tight competition in the market.

 

So what next?

Well Contact us using the form below. We need to get an appointment date from you The first 30 minute appointment is entirely without obligation.

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IN THE NEWS

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IN THE NEWS

SAY OF THE DAY

“All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson 

 

https://www.mjfgroup.biz/intenews/5 Ways to Start a Business Part-Time While Holding a Day Job Full-Time.


5 Ways to Start a Business Part-Time While Holding a Day Job Full-TimeYou know you want to start a business, but you can’t shake those financial pressures – rent or a mortgage, a car payment and maybe you have kids. Even young people have responsibilities after all. But tack on the fact your business idea will surely take time to catch on, and starting up can seem even further out of reach.

You are a perfect candidate to become a part-time entrepreneur. While not ideal for every young trep – jumping head first into the start-up pool can be a preferred route – getting the business up and running before letting go of a regular paycheck may be the best course. Here are six ways to make the transition into entrepreneurship a smooth one:

1. Find balance.

Of course, this is what being a part-time entrepreneur is all about. Can you start up and maintain your commitment to your full-time responsibilities? If you get caught up in your business to the point that your full-time job suffers, people will notice and it will cost you opportunities and, potentially, the job itself.

https://www.mjfgroup.biz/inthenewsIN THE NEWS

2. Be patient.

As a part-time entrepreneur, you simply can’t move forward with your new business at the same pace as those who can work on theirs full-time. And even full-time entrepreneurs never have enough hours in the day. Find the right pace for you so you can see progress without completely wearing yourself out. Be patient; you may not be moving as fast as you would like, but forward is good.

3. Bank your profits.

At some point, you will want to walk away from your job and be a full-time entrepreneur. The money you save now will enable you to take that step sooner. If you don’t need it to grow the business, then save it for your future, but be prepared to put it back into your new business as needed.

https://www.mjfgroup.biz/inthenews/goalsetting4. Set flexible goals.

As you build your business, you may find your day job getting in the way of your entrepreneurial goals. That’s okay. It’s what being a part-time entrepreneur is about. Watch out for a tendency to beat yourself up for spending too much time on your job at the expense of your business. Your energies will need to shift from one to the other as time goes on, and that’s okay.

 

 

 

 

 

5. Have an escape plan.

https://www.mjfgroup.biz/inthenews/escapeplanDo you want to be a part-time entrepreneur forever? That’s actually alright. Operating as a part-time entrepreneur may not have been your original plan, but if your business can succeed in your off hours and you enjoy your full-time job, why not?

However, if your entrepreneurial plans include running your dream business full time, you need to define milestones and set goals that include walking away from your day job. What needs to be in place in terms of infrastructure, sales, product development or other criteria before you will be ready to quit?

 

 https://www.mjfgroup.biz/inthenews/businesstemplates

  Starting a business? Download startup guides to help you get started today.

We have a full set of downloadguides and templates:
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Financial
MCExample_SalesForecast
3.4.2 Cash balance schedule
3.4.5 Stock schedule
3.3 Income statement – actual versus budget
3.4.1 The balance sheet
cashflow-breakeven
Operations
4.2.1 Determining the best route to market
4.1.2 Terms and conditions of credit agreement
4.1.3 Credit approval letter
4.1.9 Overdue account reminder letter 1
Marketing
Marketing Plan Template
Sample Marketing Plan
25marketingcampaigns
2.1 Market research questionnaire
2.4 Advertising – what to check before your ad goes out
ExampleCustomerProductCompanySurvey

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If you are interested in the busines template pack above send me a contact form. I will send you an Invoice for R50.00/£4.00 with Banking dtails for an EFT.  Once funds received the pack, plus more will be sent.

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BSC Designer

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https://www.mjfgroup.biz/Define the ProblemUse the reasonably priced BSC Designer to Create Professional Scorecard with an Online Wizard

Answer simple questions – build a professional strategy map in 6 minutes.

Designing a strategy scorecard for the first time might be complicated. With a new Strategy Scorecard Wizard, one can create a balanced scorecard by following a few simple steps. The whole process is intuitive and doesn’t require any special expertise.

The wizard will ask about your:
• Business goals,
• Performance metrics,
• Initiatives
and will compile them together on the scorecard.

In the end, you will be able to save the results of the Wizard into your account at webbsc.com, or create a new one. Once the balanced scorecard is in your account, you can customize it further according to your needs, export to an Excel spreadsheet, or export strategy map as a picture. Learn more about Strategy Map Wizard.

BSC Designer

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