Be an Entrepreneur

You know those people, right? Those people that are always wheeling and dealing; making deals with almost everyone they meet. Those people are surely entrepreneurs, right? They probably are not. Strictly defined, an entrepreneur is someone that manages an enterprise. Making deals might be a part of being an entrepreneur, but it isn’t everything.

So, who is an entrepreneur? Being an entrepreneur is so much a part of who we are as humans that anyone can be an entrepreneur. Being an entrepreneur encompasses everything that we humans seek out; social interaction, competition, building alliances, helping others and doing all this in a way that benefits society as a whole. If any of these things are activities that you like to do, then you can be an entrepreneur. You just need to learn how, right?

Learning how to be an entrepreneur, a good entrepreneur, is a lifelong process. You don’t have to have a formal education, in other words a college degree, but you do need to learn. What you need to learn depends on what you want to do as an entrepreneur.

A common way people are entrepreneurs is to be business owners and operators. If you have a passion for a product or service, this might be for you. If you aren’t a hands-on type of person, you may want to be an investor and invest in companies that you believe in. This can be done through stocks or by simply finding a privately owned business and buying it. In this way, you can let more qualified people make the business successful.

Any business, whether operated by you or simply owned by you, requires knowledge of the market, local, state and federal laws (possibly international laws, too), knowledge of accounting, marketing, business management and a variety of other trades. You don’t have to be an expert, but you either have to have enough knowledge or know people that have enough knowledge if you want to be successful.

So where do you get the information you need to be a successful entrepreneur? You probably aren’t going to find all of the information you need all in one place. Legal knowledge can be found in law books at a library and online, or you can hire a lawyer. Libraries and book stores are great places to find information on marketing, accounting and industry specific information. Trade magazines and online news groups and associations are great places to learn from other people how they accomplished their goals and how to avoid problems they experienced in their endeavors.

You now know a little bit of what you can do and how to get the information you need to move forward with being an entrepreneur now. Have fun and enjoy the journey.

Entrepreneur News- 3 Ways To Get Your Reconnaissance

As an entrepreneur, information is the base of all profits. Knowing how to get the right information about your projects and doing it quietly is like money in the bank.

1) Networking is number one on the list. A good working relationship with a selection of peers can really help in finding and assessing projects. It takes time to develop a good network of hand picked people that you commonly keep contact with. Trust is a big issue but more importantly quality of positioning is more of an issue. By positioning I mean how that person fits within the relationship of the type of project you do and where they fit within that scheme. For example a rich source of contacts is the humble sales person or broker. They are easy to meet and very willing to do business with you even if you aren’t buying anything from them initially. Real estate agents, Car dealer principles and Marine brokers all fit in this group. It depends on your market, your niche of course.

Experts and valuers are also excellent quality positioning candidates for your network. Finally your competition. Other entrepreneurs that deal prolifically in your market. This last one might seem counter intuitive, but entrepreneurs often “hunt” in groups and help each other. There are only so many projects you can take on at any one time, however your network will continue to keep filling your Hopper with fresh leads and contacts. These can be traded or exchanged for favours later on or Joint Venture’s could be formed with other entrepreneurs. Usually there are two elements that stop you from taking every acceptable project that arrives on your door step, they are time and money. You may be over extended financially but have lots of time up your sleeve with the way your current project is structured. So you can often trade off with another entrepreneur who has funds, but is over committed time wise. And vice versa.

2) Expert authors are an excellent source of inspiration and information. By seeking out authors that deal with topics that you yourself are engaged in you leverage your knowledge. By reading a lot you save time and money by avoiding problems and being opened up to seeing things in different ways. Authors often are old hands looking for a less strenuous way of moving in some income and their own insight is often worth the cents per dollar you pay for their information.

3) Current people you are doing business with. Making a profit is seen as a shameful thing. Well not quite, but we tend to deal with the people that are directly responsible for our profits with guarded care. This is a reasonable attitude, however it need not be so guarded. If they are happy with the deal they made, there is no reason why you should feel concerned about their having remorse. Its not your concern, you are an entrepreneur not a nurse maid. With this in mind, often a chatty attitude will uncover all sorts of insights from the people you do business with. Maybe they know somebody else who is in precisely the same position they were in and you could repeat your deal with their acquaintance. Possibly the biggest reconnaissance you can get from people you have done business with is to be able to identify your own strengths and weaknesses through their eyes. What this does is give you valuable insights into how you operate and how you can improve that core business of yours…..doing deals.

Martin Thomas (c)2005

How to Make Tons of Cash Selling Information

For the sole entrepreneur, information marketing may be the most profitable business model in existence.

You can easily leverage your knowledge (or the knowledge of other experts) one time and get paid over and over again. People are busier than ever and suffer from information overload more than ever, too.

They want the information they need without spending a lot of time looking for it.

All you need to do is turn blank paper, CD’s, DVD’s, etc. into information and sell it to them. The great thing is you are selling the information, the content, and not the packaging. Even more so, you’re selling the VALUE of the information.

So, even if you’re selling a book, you need to focus on selling information, not paper and ink. And you have no competition because your information is unique. Information products can easily be sold for 10, 20 times or more the cost of creating the product.

With the technology today, such as print on demand, it doesn’t cost much at all to get started in the information products business. You can even start off by selling digital versions of your book, audio, or DVD and set it up to be downloaded directly from the internet.

Let’s take a look at the cost of creating your first ebook.

  • Domain name – $9
  • Web Hosting – $4 per month
  • Word Processor – Free (download Open Office)
  • Turn eBook into PDF – Free (can be done with the click of a button in Open Office)
  • Payment Processor – Free (set up with Pay Pal)

Basically, you can spend about $13 to be in the information marketing business and start selling your first information product.

Of course, I’m assuming you already have an internet connection. Even then, you could probably get started by getting the web site up using the computer in your local public library.

The profit potential of an information marketing business is limitless. You can easily go into practically any market, setting up multiple streams of income. You can create multiple products in the same niche market as well.

If you really want to boost your income with an internet marketing business, consider selling your own information products.