Monday, July 14, 2014

4 Tips on Starting Your Own Business

Does the idea of having your own business interest you? Or maybe you have had an urge lately to start your own business. Either way, coming up with your own business is a pleasant idea out there for many. However, some people wish to turn these dreams of owning a business and proving themselves as talented entrepreneurs into a reality.

There are many successful entrepreneurs out there, such as Alex Bouri, who began the cement company called Seament. Had it not been for his ambition, compassion, and intuitive entrepreneurial skills, he might not have made it this far, but he has been an entrepreneur for a long time now. It all started with a dream for Alex Bouri. If you find yourself daydreaming constantly about being an entrepreneur, then it might be time to start you own business.

So, how do you know if you are ready to start your own business? Here are a few helpful tips to prove that your instincts are accurate.

1. You are always thinking about new business ideas.
  • If you find yourself thinking about new business ideas—especially one idea in particular—then that is a sure sign of entrepreneurial spirit. As an entrepreneur, it is always a good idea to be passionate about a certain subject, like how Alex Bouri is passionate about his cement business.
2. You are an independent person.
  • If you are an independent person and you have recently been thinking about being an entrepreneur, then now is the chance to become one. Independent thinkers and workers are excellent entrepreneurs, which gives you an advantage. As an independent person, you are a true problem solver, which will help you to begin your business right away.
3. Your motivation has been at its highest lately.
  • Have you noticed that you have an increase of motivation lately? If that is the case, then it might be your inner entrepreneur coming out. Motivation is a very important part of being an entrepreneur and can greatly assist you in your quest to start your own business.
4. You feel stuck in your current job.
  • If you feel stuck at your current position, it might be time to move on into your very own business. No one should have to dread going into work every day, so being your own boss might be the best idea out there
Remember, these are only four tips that you can use to determine whether or not being an entrepreneur is right for you. Never give up if you see potential.

Wednesday, July 2, 2014

3 Failures to Avoid as a Manager

Is there anything more exciting or stressful than starting your own business? Being your own boss can be freeing, but if you aren't used to managing people (while also managing yourself) you can run into a lot of problems. Businessmen like Alexander Bouri didn't wake up knowing exactly how to run their businesses; they learned after years of hard work and by discovering their own strengths and failings. Everyone makes mistakes when they're managing their first group of employees, but certain mistakes can leader to bigger problems down the road. When you're welcoming your first group of employees to the company, avoid these common slip-ups:

Failing to see them as employees

There's nothing wrong with having a warm and encouraging relationship with your employees, but it shouldn't go much further than having a good work rapport. It can be easy to start to see your employees as friends. After you spend a lot of time together, you'll get to know each other better and, if you share common interests, you may find yourself talking more about personal things than work issues. Friendships with employees can easily go sour with a department head change or a problem at work, and other employees may start to suspect that you favor your friends more than them. Make sure that you see and treat your employees as employees, and save your friends for when you aren't on the clock.

Failing to give clear direction

If you're the kind of boss that expects your employees to handle problems with little to no input from you, you're going to run into a lot of problems. Many bosses expect their employees to somehow know exactly what their tasks should be and how they should be doing them, and then wonder why they constantly fail to meet expectations. Be clear about what you will expect on a daily basis, as well as what you're looking for in the long-term scheme of things.

Failing to handle problems

"You say that there's a problem happening? Didn't I hire you to be able to handle problems and do work?"

We've heard variations of that line uttered by mean bosses on TV and in movies, but a lot of managers subscribe to this toxic form of thinking. Some managers are more than happy to let their employees handle whatever problems come up, but sometimes your employees are going to need some help. You can give a little direction and help without having to fix everything yourself. Always be involved when there is a problem at work, and don't assign all responsibility to your co-workers.