AMBITIOUS MISSIONS

AMBITIONAn earnest desire for some type of achievement

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As entrepreneurs, we are encouraged to have ambition towards the goals we have set for our businesses. Ambition was created to allow us think out of the box, dream bigger and to come up with better than great ideas. I’m sure a lot of you have been told “that’s just a very ambitious project to take on” but this is mainly because ambition can also have a downside to it ultimately when we fail to be realistic and practical in our ambition.

Being ambitious allows you to create the power and passion essential to make things happen for yourself. It paves the way into an individual planning out how to attain their goals through hard work and resilience. It pumps up the inner being of yourself allowing solutions to problems because you have made a definite decision to make it despite any obstacles that may become a hindrance to your success. If you don’t put in the work, you are sure not to get any result because ambition is directly proportional to hard work. One cannot exist without the other. It’s not as easy as creating successful scenarios in your head about succeeding then going to bed without any steps being made towards the goal in hand.

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We have got to understand that ambition is only the fundamental tactic to get you to where you need to be. With all the objectives in our businesses, only a handful of us take the necessary steps into making it a reality. It is defined as the strong desire to do or achieve something but if you are not willing to do the required effort then you will remain as “the one who always had potential”. You can’t get so inspired and motivated to be someone one day with insufficient commitment to do so.
Execution is key. Have long-term and short-term goals for your business and pace yourself swiftly because the major downside of being too ambitious is setting yourself for failure. You can’t decide to take on so many responsibilities at once then complain when you don’t make it. Failure is norm to achieving dreams and goals. If you have stopped setting stepping stones to the work required in achieving your goals because of the fear of the unknown then you haven’t learned a single thing about life. You’ve got to be confident about the decisions you make.

Remember: There are downfalls of being ambition but it is imperative that you contain it. A person without ambition has no full commitment to make something of themself in the future.

AMBITION IS THE DRIVE;
PERSISTENCE IS WHAT WILL GET YOU THERE!!!!

Written by Ntiyiso Hlekane Ntiyiso is an intelligent young lady studying Bcom Finance at University of Johannesburg.

PHOTO CREDIT: http://www.rachelmesterline.com

10 Tips on how To Start A Business While You Still Working

Some entrepreneurs simply quit their job without a game plan or without logical planning for opening a business. More often than not, they end up back on the job market.

Quitting your job to open a business is not a black and white concept meaning that you can start before you quit your job. In all actuality, I recommend it.

How many hours does this take? If that’s your first question, than you may want to look elsewhere for advice because to be a successful entrepreneur, the time dedication to your business is going to be something that will at first seem very foreign and very daunting, but it’s very necessary.

However, if you’re not overly scared, here are 10 steps on how to open a business while you’re still working without sacrificing ethics: Remember that these can be done over a period of time (don’t rush, yet never procrastinate).

1. Determine What Type of Business

You can’t be an entrepreneur without a business idea. Quitting your job to open a business is overly vague and will often lead to confusion. When determining a product or service (or suite of), it’s best to get involved in industries that exist and that have a market already.

It’s okay not to be the next Bill Gates. It’s not okay to quit your job to reinvent cat-nip! Having an existing market increases your odds for success as a young entrepreneur as, among other things, it serves for a pricing base.

2. Determine Who Is Currently in the Space

Once you know what you’re selling, know who is already in the space and how they position themselves. Don’t get overly intimidated; these businesses were not built in a day either.

Also, never copy off of; you don’t want to end up like one of those “B” actors who is referred to as “A Poor Man’s.” Rather, this exercise is done to evaluate how people in the space conduct business.

3. Determine How You Want To Market Your Business

You can take any business and make it sexy. You can take any business and make it anything. Look at Steve Jobs. He made computers cool. He made them sexy.

When marketing your business, stay 100% original and stay 100% creative. The limit is not what other companies are doing, rather it’s your imagination.

4. Determine Your Start-up Costs

In one clean shot, how much is it going to cost you to be from where you are now, to up and operational? Do you need a new computer? Do you need a new workspace?

Think one-time costs here. Quick hint: just because they are one-time, does not mean that you should roll out the red carpet. The less you spend, the longer you can survive without a job.

5. Determine Your Monthly On-going Expenses

Now that you figured out the added expenses it’s going to take to get up and running, figure out the monthly expenses that you’re going to incur for your first few months of business.

6. Determine Whom You Want To Sell To

Who is going to buy your product or service after the launch? Are they companies or individual consumers?
If they are companies, who within those organizations are going to be the ones who pull the trigger.

Don’t answer this with, CEO, CEO, CEO. CEOs hire employees to take care of vendors. Now, figure out which employees are paid to do so.

7. Determine Your Pricing

Once you have your monthly expenses and your competitive analysis done, you can determine your pricing based upon:

a. How much it is going to be to break even.
b. How much the competition gets away with asking for when selling similar products or services.

8. Determine Your Sales Pitch

The best way to sell is to be upfront. Give the facts. Phrases like, “I’m the best,” insult the buyer’s intelligence. Let them determine that through the facts that you want to give upon speaking with the individual.

9. Determine Other Skills Needed to Grow

Since I opened my company, I’ve had to learn everything from accounting to how to speak to a camera. There is no way that you know everything that you need to in order to take your company to the next level.

Successful entrepreneurship is about growth of not only the company, but of oneself. One can not grow without the other.

10. Website

Now that you have all of this information, it should not be all that hard to formulate a website. A website is just a visual sales pitch, but a necessary one. Don’t rely simply on a Facebook page.

In the End

When leaving a job to start a business, the name of the game is to have that business already operational or as close as possible. The quicker you can generate revenue, the quicker you have a real business. Take these tips as individual exercises and you should never have to write a resume again.

This article was extracted from www.under30ceo.com. Ken Sundheim is the CEO of KAS Placement www.kasplacement.com an executive search firm specializing in sales and marketing recruitment for organizations from over 30 countries. Sundheim founded the company at age 25.