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8 Steps to Building Your Dream Business – A Guide For New Entrepreneurs

Ignore the naysayers! You can build your dream business regardless of what current economic conditions may suggest. Successful businesses have been built during turbulent financial times. Build your moxie and decide to be successful. Your accelerated success starts with you!

Let’s explore an eight step process that will get you started on the path of building your dream business:

  1. Release all expectations and “shoulds” from your mind. Designing your dream business starts with a clear mind and heart. Getting rid of distractions that consciously and sub-consciously take you away from your core is the first step.
  2. Make a list of your strengths and passions. At the core, dream businesses allow us to play to our strengths and spend the bulk of our time making an impact doing what we love. Although we cannot spend 100 percent of our time doing what we love, a properly designed business will allow us to spend the majority of our time developing our strengths and enjoying our passions.
  3. Create a picture of how you want others to feel after an encounter with you or your work. Our emotions are what connect us to our soul and true essence. A powerful way to start thinking about building a dream business is to pay attention to the imprint you want to leave on the world. This starts with an examination of how YOU want to help others FEEL.
  4. Develop a list of careers, industries and business opportunities that cater to your strengths and passions that also lead to the picture described in Step 2. Once you are clear about your strengths and passions, it is time to develop a list of opportunities that support them. Make this list as comprehensive as possible. Pay attention to what others are doing in the marketplace and what is missing.
  5. Select the three careers, industries and business opportunities from the list prepared in Step 4 that most resonate with you. Now that you have a comprehensive list, narrow it down to your top three choices.
  6. Perform a SWOT analysis of your top three choices. Steps 1 through 5 of this list involve being led by your heart when designing your dream business. Once you have led with your heard, it is time to analyze opportunities with a business view. Take your top three choices identified in Step 5 and perform a SWOT analysis of each opportunity. SWOT is an acronym for strengths, weaknesses, opportunities and threats.
  7. Use the result of your SWOT analysis to select the most advantageous opportunity to develop While it is certainly possible to develop multiple business ideas, I suggest you focus on one at a time. Build a successful track record, and then expand to other opportunities.
  8. Create a one-page business plan. After you have selected your dream business model, invest time developing a one-page action-oriented business plan. This is an important step in guiding your activities and will serve as an important framework for evaluating future opportunities. A great part of your success will result from your ability to stay focused and say no to things that do not lead to your business vision.

Now that you have a general blueprint for what you need to design your dream business, it is time for you to take action.

4 Reasons Why it is Essential to Invest in a High Quality Conference Chair

Conferencing room is one of the most important rooms in any office. This is the place where you held meetings with clients, guests, and employees who are the greatest assets to your organization. The meeting room should be designed with ample furniture to get the most professional and classic look. The conference chair is one of the essential furniture in discussion room and the quality of the entire room is determined based on the quality of sitting seats placed in the room. Hence, it is essential to invest maximum affordable money to buy single seating furniture for meeting halls.

1. The ergonomics of the room is greatly enhanced by the furniture that decorates the room. Since seating furniture is the most basic furniture required in a meeting hall, buying suitable furniture matching the room will give a professional look to your meeting hall. By investing in expensive chairs, you can make the discussion hall look more elegant and classy.

2. Quality meeting hall furniture is constructed considering comfort of those who sit and relax on the furniture. By providing the best possible seating experience for your clients and guests, you show them how much you care for them and this will improve your business reputation. When sitting furniture is comfortable, you can easily conduct long hours of discussions which will be profitable for your business.

3. People who participate in the meetings should be able to attend the meeting without taking breaks to make the meeting productive. With comfortable seating furniture, guests and participants won’t feel the need to take rests in between. This greatly helps in delivering whatever is required in the meeting.

4. When high quality conference chair is purchased for your meeting hall, you can forget about buying replacement seating furniture for at least ten years. Since these meeting hall chairs are designed for extended use, they will be durable offering same support for several years together. Having high quality conference chairs is as good as sitting in an executive office chairs because you are convenient that you’ve got the best buy.

Build Your Commercial Acumen by Analyzing Simpler Business Models

Commercial skills are a prized personal asset in business. Those who possess these skills tend to be more pragmatic and successful in building their careers. But developing commercial skills and commercial acumen is not easy if you’re not exposed to it. If you’re not operating in commercial environments, then how can you develop these skills?

Change your job? Or learn yourself?

Try this approach instead: find a ‘simple’ industry and then think deeply about how a member turns profit from its business model.

Take a cafe, as an example.

A cafe is an example of a business with a simplistic business model. It makes profit from earning more money than it costs to provide food, beverages and associated products. But what is involved in running a cafe and how much does it cost?

There is more to it than might be obvious. Remember every business has had to invest in its startup, suffers from running costs and overheads, and must pay for product development and other innovations. As well as any ‘real profit’ its owners want to take out.

Cafes turn raw goods (ingredients, utilities and effort from people) into products their customers enjoy and pay for. It is a competitive environment – many cafes offer the same products at a similar price. Customers are price-sensitive, so they can be fickle. Competition isn’t just about price though – many pride themselves on the quality of the end product, but also the quality of the raw ingredients and, especially now, the ethics of sourcing these ingredients from farmers in third-world countries. How do these factors impact the price and the attitudes of consumers?

Cafes require trained staff who can provide good service and produce quality products. Efficiency is a big factor (nobody wants to wait long for their cappuccino or sandwich), so staff training is important. How much does this cost, and how does it effect the price of the produce?

Think about premises: location is key. Passing trade is very important to cafes – if people don’t see the cafe, they won’t find it. But premier locations cost money. Lots of it. How is the cost of premises factored in the finances of the cafe? How many extra lattes need to be sold to recoup these costs?

It’s fair to say even a simple business model like a cafe can be a complex business environment. Once you begin to peel away the layers of complexity, you can truly understand the commercial aspects of business. And understanding how businesses with simpler business models earn profit is a great way to learn how much larger, much more complex businesses ultimately pay their shareholders.