Leadership
A list of some of the major responsibilities an entrepreneur undertakes on daily basis

Unlike popular belief, entrepreneurs have the hardest jobs in the world. After all to start something from scratch and then building it block by block is not an easy task. It requires a strong work ethic, a go-getter attitude and a lot of commitment.

Entrepreneurs wear various hats at the same time and juggle between numerous roles and responsibilities. Some of the most common responsibilities of an entrepreneur are listed below.

Be a leader

An entrepreneur has to assume the role of a leader. At every point in time, you have to be the first one to take the action, to motivate your team in the time of crisis, to make the hard decisions for the betterment of company. Being a leader doesn’t mean that you go on about dictating everyone and assigning the responsibilities to them. You have to remember that, everyone else is going to take only as much interest as you, in developing your project.

Be accountable

You have to be accountable for everything that is happening in your company. Everything from maintaining the finances and accounts to simple admin operations is your responsibility. And by this, I don’t mean that you should run around your office like a maniac and try to do everything by yourself. No, but hiring, training and motivating your staff, to perform all these tasks, is your responsibility.

Be the figurehead

Being a figurehead is different from being a leader. Assuming a leadership role is intrinsic in character, which means that you act as a leader for your employees. But people outside your company are going to associate your company with your name, which makes you a figurehead for your business. Your business is going to be only as credible as you are. People will view your brand/business in the light of your personality. Therefore, it is absolutely imperative that you make a good impression on your consumers.

Be the decision-maker

You probably have heard that with great power comes great responsibility. Since you are the owner of the business, therefore it is you who will be making the final decisions about everything. The success of your business greatly depends on the decisions you take in difficult times. And your responsibility doesn’t finish with making the decisions; you also have to deal with the consequences afterwards.

Entrepreneurs shape the future of an economy and their business can greatly impact the lives of other people. In addition to being responsible for the operations of your business, you should also take the responsibility of the impact your business is having on the society.
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Leadership
MBA students often turn to the job market after getting their degree. However, the best option for them is to think about their business.

Congratulations, you finally have an MBA degree. Big moment in your life, isn’t it? So what is the way forward form here? Do you plan to find a job just like everyone out there, or are you going to unleash your creativity and pitch out your idea? So many options to take, but which one is the right choice? Entrepreneurship! Here is how your MBA can be a help on the journey ahead.

Leadership

Leadership may apparently be about communicating effectively and doing what you are best at. It is, but not all of it. You have to focus on your weaknesses too, and improve them as well so that you can become a better leader. Identify your weaknesses and then make efforts to rectify them. The next time they affect you in any way, you will at least be able to come up with a corrective strategy. This is one thing your MBA studies will definitely teach you for sure.

Operations Management

Does a workflow or supply chain seem complicated to you? Maybe they are, but your MBA degree will make you go through the essential concepts of all business aspects. And while at it, you will be also be taught about managing your business more smartly and effectively. Not to forget, you will learn to quickly pinpoint anything that is incorrect or wrong in the process, and then accordingly, make adjustments.

Compensation

You will learn so much about compensation in your accounting classes. And along with this, you will come across the concept of entrepreneurial gap, which exists when a person has to account for more than what they control. Ideally, as a person, you should reach beyond the control span.

And which of these people should you bring on board? Well, you should definitely hire smart people, but then you should also provide them with an entrepreneurial gap, and give them incentives that work well for both them and you.

Pricing

So you have everything set, you know what your product is and how you will develop it. Time to decide how much you will sell it for. And this decision is going to be a lot easier if you have an MBA degree.

During your MBA program, you will learn about cost and value based pricing. If you opt for the former of these, you add an amount to the total costs you incur on making the product or offering a service. The final number is the price that you set. With value based pricing, you consider both the costs incurred at your end, and the costs that will be reduced for your clients when you offer them the product or service. The final price is somewhere between these two numbers.
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Education
Are you interested in applying for an MBA degree? Well, you can be successful if you avoid mistakes with you application, essay and when choosing schools

So you want to get an MBA degree. Well, the competition is definitely tough out there, especially if you want to secure a spot in one of the top business schools. Your GMAT scores, profile, volunteer experience and extra-curricular activities all matter, but there is a lot more which is involved if you want your application to be successful.

So how can you get attention? How can you be sure that you are the one selected among the long list of candidates? For starters, you can be sure that your application is flawless. Your essay should be well up to the mark, and most importantly, you should wisely choose a business school. Here are the three most common mistakes most MBAs make.

1. Choosing the wrong MBA School

There are so many potential MBA students who end up choosing the wrong schools for themselves. Colleges which charge more are not always the best. Plus, whichever college you choose, it should be the right fit for you. Consider all colleges that may accept your score. Apply to these colleges as well to those known for selecting candidates with a higher score than yours; you may have some extra qualities that might help you get in.

So try to select some few good schools, and then apply. Also don’t just blandly sign the forms when you get your first admission offer. Wait a while because you may be selected for a better school as well.

2. Not ensuring your essay is up to the mark

Your MBA essay is one of the best ways to stand out from the crowd, and tell the admission committee why they should particularly select you, and not anyone else. Your score might not be so good, but with a solid essay, chances are still there.

When writing the essay, make sure you do not neglect the question or get off the track. Doing so will make you look like you are a poor fit. Be careful of the language which you use. Industry jargons and hi-fi terms don’t always give a good impression. Write in simple terms, but sound convincing. And throughout, make sure you are mentioning the truth only. Admission committees are often capable of pinpointing lies.

3. Not ascertaining that your application is error-free

Before you fill up your application form, come up with a solid career vision for yourself. Don’t think that you will get to explore options after enrolment. You should know what you want done right from the start. So prepare a vision for yourself, and then make sure your application is conveying the same well enough.

Which extracurricular activities do you want to put on the form? Many MBA students think that only giving back to the community is enough, and that is what the admission committee wants to see. Not the complete truth. The admission committee also wants to assess your leadership skills, so highlight that as well.

Avoid the above mistakes, and you should get into a good MBA school.
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Business

Starting your own business is scary yet exciting, especially as a home maker when you have to do multiple jobs at the same time. As if being a wife and mother isn’t demanding enough, a business is a baby itself that needs to be constantly taken care of. Nevertheless, the satisfaction that comes from having one’s business is truly amazing and personally rewarding. In order to start running your business and entrepreneurship endeavors seamlessly, here are the 3 things home makers must possess:

 

Confidence and the right attitude

This is the most important trait any home maker who is trying to become an entrepreneur must possess. You need to have the confidence in your abilities and self assurance that whatever you set out to do is possible. People can sense an under confident person within a second so you don’t want to give an impression to your prospective clients and business partners that you can’t manage to run your own business. If they sense that, then they will steer clear form you as quick as they can. Let’s face it, at the end of the day we only trust professionals who know how to do their job. Even at the checkout counter, people avoid queuing up at the line where there is a newbie who is slow.

 

Having the right is attitude is the other side of the same coin because it goes hand in hand with confidence. You need to have a positive outlook on life and be patient. Business doesn’t start rolling in immediately, it takes time to build a customer base, so slow and steady wins the race.

 

Time management skills

So now that you will be managing your business, you need to work the schedule of your work hours. Whether you are going to be working from home or from an office, since you are the boss you can start and end work whenever you like. However, poor time management can make or break your business. Starting work too late or taking too many breaks during work can reduce productivity. If you have employees then they can also follow suit with your poor time management habits and become lazy. The flipside of this is overworking yourself to exhaustion. This is counterproductive and can make you burn out and tired from your work sooner than you expect. Have a balanced workload and work time so that everything runs smoothly.

 

Being realistic

Setting realistic goals is they for any new entrepreneur. Don’t have really high goals that might become impossible to achieve. This will set the tone of failure right from the beginning. Often new business owners experience failure mainly because of the fact that they didn’t set realistic and small goals. Your goals should be small but achievable. Taking baby steps will protect you from any big failures and make you learn more.
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Business
Read on to know which businesses are not a good idea for women trying to work from home.

As there is a new wave of female entrepreneurs in the business industry, there is also sub category of women who are running their businesses from home and prefer it that way. With all the benefits by working from home who would want to pass on that opportunity?

There is almost every industry to choose from and successfully run that business form home. As long as you have the skills, knowledge and the expertise, success will come flying your way in no time, all you need is patience and perseverance. However, there are certain businesses that cannot be done properly from the comfort of your own home. Some businesses are not legally allowed to be run from home or even if they are, they usually tend to get unmanageable if there is business growth and you need to hire more people. That is when a proper office space is required. Here are 3 business home maker women should avoid:

Spa/Wellness center

It sounds like a cool idea to turn a portion of one’s living space into a spa. It is indeed a lucrative business especially these days when everyone is health and beauty conscious. However, you need to be a licensed aesthetician and have few hundred hours (it varies from state to state) of experience under your belt. Plus there are certain renovations you will need to make in your home to qualify the place to be a spa according to the industry standards. You will have to ensure the place is absolutely hygienic and is designed in a professional way. This business will need some hefty amount of investment and maintenance and so it’s generally not advisable.

 

Pet sitting

This is a tricky line of work. Although many people are doing it and it is very profitable but we wouldn’t suggest this if you are new to pets and can’t handle many animals in your home at the same time. If you have expensive interiors or if you or somebody at home suffers from fur allergies then this is the worst kind of job out there for you. You won’t want dogs to be chewing the corners of your expensive leather sofa or cats scratching curtain and shedding their fur all over your place.

Selling jewellery

If you are thinking about starting a jewellery business form home then do it the right way or don’t do it all. If you are designing and selling jewellery online then by all means go ahead. But if you are selling jewellery in your home where people come to see it firsthand then it is not advisable. You never know when people can shoplift just by a quick glance or distraction somewhere else. Also, knowing that you have expensive jewelry at home, there could be chances of thefts and burglary in your home. You would have to invest in high end security cameras, alarm systems and what not to protect yourself and your family from jewellery thieves.
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Business

So you are thinking about starting business but are not sure which sector to start in. Here’s a roundup of top performing sectors, which exhibit a significant growth potential in 2017.

Mindfulness Training

In the recent years, the stigma attached to mental health has started to dissolve. In fact, companies now realize that employees’ performance is directly linked to their mental health. Therefore, they are investing more in providing mindfulness and meditation trainings to their employees. It improves their abilities to cope up with stress and increase their productivity. The mindfulness training industry is measured to be worth approximately $1.1 billion in United States.

Computer Analytics

Application of artificial intelligence in developing interactive software is in high demand these days. The technology can be used in a number of diversified sectors from creating the software of automated cars and drones to creating the interface for interactive games. The industry provides lucrative opportunities for growth and the funding in the sector has reached approximately $522 million globally. However, the entry cost, in the computer vision sector market, is very high. It requires a comprehensive understanding and relevant technical skills to thrive in the market.

Beverage Industry

Beverage industry in United States is undergoing a transformational shift due to the change in the preferences of the consumers. For the past decade, an upward trend was observed in the sales of the energy drinks. However, the trend is falling gradually in the recent years, with the introduction of Relaxation Drinks. The health benefits of these drinks have persuaded millennials to make the switch. In addition to that, another major shift observed, in the beverage industry, is the shift from frozen drinks to ready-to-drink coffees and teas. The market possesses a lot of potential for companies with the relevant gourmet skills set.

Mobile Heath

With the increase in the concern for the physical fitness, the demand for Mobile Health systems has significantly increased. Smart watches and Health applications have become a hot commodity and people need all the health related information on their phone screens. It is estimated that the global health market will capture a share of approximately $10 billion by 2018. The statistics and surveys reveal a promising career in the field. But the downside to entering the industry is that the entrants have to be cautious about not violating HIPAA.

Eco-Friendly Construction Projects

Sustainable projects are given more importance as people are becoming increasingly responsible towards the environment. Green Construction promotes the designs which are energy-efficient and sustainable. A major plus point to start in this industry is that, the sector is given extra support and protection from government, in terms of tax credits and subsidies. The company has displayed an annual growth of approximately 15 percent in the last couple of years.
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Entrepreneurship
MBA candidates no longer get a good job. As such, they should think about establishing their own company.

Hey MBA Student, are you done with your degree? What’s your plan now? We are sure shot that like so many other MBA graduates out there you will start dropping your resumes here and there. Well, behold! Because gone are the days when an MBA degree could get you hired with some of the best companies in town.

Today, thousands and thousands of MBA graduates are stepping out of colleges every year. Employers no longer consider this as a preferred qualification because nearly every potential candidate out there already has it on their resume. Point is, even with an MBA degree, you cannot set yourself apart from the rest of the applicants, and thus, will have to struggle a lot to get employed.

Is there an alternate way?

Yes, that’s the best part of it all. Why are you even thinking of finding a job when there are so many other options to consider? Did you ever think about establishing your own business? If not, now is the time! Entrepreneurship is a path chosen by a rare few, but these few are the most successful out there. Yes, you will have to struggle, you will have to give it your all, but when you look back you will be satisfied that you did, and be glad of the decision that you made.

Being an entrepreneur is indeed, hard work, but it is so rewarding, and hence, worth it. You learn, you grow, you use your skills. You do something new every day, and whatever you do is what you are passionate about it. And after all that hard work, when revenues start to flow in, you‘ll be content.

Your MBA degree will still not be wasted

Oh so you like the sound of entrepreneurship, but what about your MBA degree then? You think it will be totally wasted. No, you are wrong! You become a more successful entrepreneur if you have an MBA degree. Why? Because it teaches you so much that you can cash onto later on.

Your MBA degree teaches you the fundamental concepts of how businesses work and operate. You learn about planning, you gain knowledge about finances and you get to understand supply chain. As you may already know, there are so many aspects of running a company, and your MBA degree walks you through all of them. Plus, you have to solve case studies, which gives you an insight into how successful leaders work and manage and work. You can then apply this learning later on.

Not to forget that you get to network with a lot of people who may turn out to be your future partners and investors.

So what are my next steps?

Well for starters, finish off with your MBA degree if you already haven’t done so. Secondly, think of an absolutely amazing and promising idea. Work on it, find a mentor and then use their guidance to establish your own company. Good luck!
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Entrepreneurship
The best thing that you can do after acquiring your MBA degree is to establish your own business, instead of getting hired.

You are finally done with your MBA degree, and now are developing your future career plan. What do you think is the best path forward? Depends on your preferences mostly, but we can surely give you some advice.

Okay, so tell us what do you prefer more. Do you want to stay stuck in the same routine every day? Do you want to do the same thing over and over again? Do you want someone constantly nagging down your back, and asking you to do this and that? And do you want a pay that fails to justify the efforts you make? No, right? This is exactly why you should not sign up for a job at all. Instead of struggling and trying to find your foot in the tough competitive world, you should just stay out of the job market.

If you are not applying for a job, what can you do? Build your own company. Find a creative idea, pitch it out and then sell. Why are we saying that you should tread on an entrepreneurial path? Because when you establish your own company, you reap in numerous benefits. Learning, growth, flexibility, revenues, and most of all, you do something that you are passionate about.

Where does an MBA degree fit in all of this? Do you think that you could have done this even without an MBA degree? No, your MBA degree will be of immense help on your journey, and here is how.

Strategy

When you establish your own startup, you will have to be creative and take risks every day. Your MBA will be of vital help in all these risky scenarios because it can teach you about proactive planning and strategizing. You learn risk management, and use it to make sure that all potential risks are being actively monitored. 

Plus, your MBA degree will also train you for growth. You will be able to put all the pieces together, and make sure there are no loopholes in the picture. From developing the product to launching an enticing marketing plan, your MBA will teach you how to do all of it effectively and successfully.

Execution

Do you want to get business from the bigger companies out there? Or do you want potential investors to provide you with substantial amount of funds? You need to show them that you are organized, you have a promising idea and you can certainly execute it well. 

Today, all the bigger companies have an extremely structured approach and do not tolerate operational errors, bad planning and incompliance. Point is that if you want business with them, not only should you have a great product, but you should also have well laid operational principles. Doing so will also give you an edge and help you save money.

Talent

Sooner or later, you do need a team to work with. But how do you judge quality candidates? Your MBA will teach you all that you need to know about recruiting and retaining top talent.
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Education
Many students who dream of pursuing an MBA degree end up choosing the wrong college. This blog talks about how this can be avoided.

So you want to be an MBA graduate. Where does this journey start? When it is your first day in your chosen MBA college? No, it starts a lot earlier than that; right when you decide that you want to pursue an MBA.  What’s the first step now? You understand what’s involved, and starts listing down schools to which you can apply. Sounds easy? Not really, because this is where most of you are bound to make a mistake. Is there something that you can do to avoid? Read on, and you’ll find out.

It all starts with a lack of research

Why do most MBA students select the wrong college for themselves? Because their research is not thorough enough. There are tons of MBA schools out there, and you must research each of them well. Yes, your scores will help you in cutting off a few names, but there are other things to consider as well. The faculty, the reputation, the fees, the alumni and their success stories, the electives offered, the support provided plus other factors. Evaluate schools on the basis of all of these, and then decide the ones that you can target.

And then it’s about not taking enough chances

A lot of prospective MBA students simply cut off schools because they think they will not be able to get in. This might be true if your scores are on the lower side, but we’ve still seen many applicants who underestimate themselves. They don’t even try out and decide without even applying that an MBA college won’t take them in only because it caters to certain ‘cream’ students.

Be realistic, but take chances. Who knows you might be able to get through.

Don’t just apply to one or two MBA colleges

There are so many MBA students who will apply to only one school. Wrong approach. Apply to a number of them, even if they are not your top choice. Ideally, your targeted MBA colleges should contain a mix of options. Use your scores to gauge your candidacy, but don’t limit yourselves to colleges with an average score about the same as yours. Also go for ones with average scores higher and below yours. Cut-offs change every year, and you can never know when things will tip in your favors.

Fees: Highest isn’t always the best

There are several MBA colleges that offer quality education and do not charge on the high end. So many prospective students believe that only the most expensive schools are the best, but not always.

Time to consider the offers!

Awesome! Because you just got an offer from one of the MBA colleges that you applied to. Should you go ahead with the process, and fulfill all the requirements immediately? No, most of the colleges give ample time for this, and you should wait a while. There is always a chance that you may just get an offer from a better college.
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Innovation

While everyone agrees that being innovative is one of the biggest needs of today’s time and age, not everyone seems to think about it the same way. In fact, it is solely due to these misconceptions that people have about innovation that so many people actually never step out of their lane and try their hand at being innovative.

Let’s look at some of the top 5 mistakes people make when they think of innovation.

The Innovation Must Occur Within Our Comfort Zone

Being innovative means you will have to do something you haven’t done and most likely nobody else has either. In such situations, how can one expect innovation to occur within one’s comfort zone? This is one common mistake that people make when they confuse innovation with comfort.

Unrealistic Expectation about the Risk Factor

As we just said that innovation means stepping out of your comfort zone. We all know that outside out comfort zone the risk factor of things not going our way is way too high. This is because we have never been on the other side and we have no idea how things are going to go.

When you are being innovative, you are essentially experimenting with ideas hoping for some results. Nobody knows how those results are going to turn out to be. They can be in your favor, and they can be equally against it. Naturally, a little bit of fear is expected, but fearing the  unknown to such an extent where you never even attempt to do something is another major  mistake people make which keeps them from being innovative.

Coming Up with an Innovative Idea Requires a lot of Resources

Another common misconception that people have regarding innovation is that you need to have a lot of resources especially in terms of financial and technical support. While you may need to invest in your innovative idea and that investment would largely depend upon what exactly is your innovative idea, you only need your creativity and passion to come up with an innovative idea.

Innovation is a One Man Show

There are people who might come up with an innovative solution entirely on their own; it does not always have to be that way. You can be innovative in collaboration with other creative minds as well. In fact, several experts actually recommend having a creative network in place for this purpose only.

The reason why this works is because the more people you have on hand, the more variety you will have in terms of perspectives too. Four people looking at one thing will all be looking at it from their unique perspectives. The more the perspectives to learn from, the higher will be the chances of coming up with an innovative idea.

The Innovative Spirit Should be Free

A lot of people actually confuse the innovative spirit being “free” for “purposeless”.

Being free means letting your innovative spirit really explore the areas it wishes to explore and questions the things it comes across. This does not mean that all this exploration and questioning should be without a purpose!

Avoid these 5 mistakes next time you wish to come up with something innovative.

Good luck!
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Business

Female entrepreneurs are taking the business world by storm by launching and creating many business ventures. There has been a rise of women finally hopping the business train by the dozens and they are not going to stop. What is making women choose to leave their corporate world life style for the risky world of entrepreneurship?  Here are just some of the reasons:

Work- life balance

It’s hard for to manage the family and work due to the high demands of the office life. There are deadlines to meet, office politics to steer clear from, pressure from the bosses, micro managing the subordinates and coming home to micromanaging the household.  They don’t get to enjoy life much and need a break from it all. But they don’t want to leave their work life behind completely either. The gray area has been found and that is being an entrepreneur and working at your own business. This way, they can manage their times and create a balance that was not available before.

Being their own boss


Being one’s own boss is the greatest feeling. A person feels accomplished and motivated to do better. Women entrepreneurs don’t have to deal with annoying coworkers or highly demanding bosses that exhaust them out day in day out. They can run their own business without having to report to anybody do things their own way.

Pursuing passions

Entrepreneurship is all about pursuing your own passion and doing things like no other can. Women can finally start the business of their dreams and be successful at it. There are many examples of women who started their business from the comfort of their own home and then after a few years it grew to a proper business empire.

Save money

By doing business from home and being entrepreneur, women can save so much money. About half the money which they earned from their salary used to go to daycare or babysitters, but if they work from home they can cut back on all these expenses and add extra savings to their account. Commuting to and from work will save a lot of gas money as well and that compounds to a hefty amount in the long run.

Health

With no more pressure from work, women tend to get stress free. They can have multiple breaks while working from home and as an entrepreneur. They can set out time for exercise/gym/yoga or go to the spa or salon to feel more relaxed. A daily walk in the park with the kids can add a lot of health benefits as well. Women can have more time to focus on their health and beauty as opposed to their previous hectic work life.
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Business, Entrepreneurship
This is a list of five entrepreneurial businesses that an MBA graduate could pursue after graduating.

After graduating with an MBA degree, the opportunities for securing a good job offer from a reputable company might seem limitless. However, is getting a good job the only way forward for an MBA graduate?  Definitely NOT! Why use your talents to make someone else rich when you can use them to earn tons of money for yourself.

Entrepreneurship is the key to being your own boss and paving the way for building your own business empire.  Here are some of the things you can do after getting that hard earned MBA degree:

Freelance Writing Services

Many companies are seeking freelance writers to produce quality content for their websites and promotional campaigns. Creating a company that provides quality freelance writing services is an easy way for a skilled MBA graduate to step into the world of entrepreneurship in a cost effective way.

Business Consulting Service

Help other organizations solve their financial and business related problems by starting your very own business consulting service. You can put your MBA degree to good use by teaming up with companies to helping them manage their business strategies, develop better business models, and create marketing plans which would enable them to enhance their growth.

Educational Services

Education is a noble field which allows one to reach out to others and help them grow in their careers. Starting an educational institution would not only be one way of putting your degree to good use, but it would be an ideal way to help others in their quest for knowledge. It might not be as financially rewarding as some of the other entrepreneurial pursuits, but it certainly is an excellent way to achieve self-satisfaction by educating others.

Event Planner

An MBA degree holder with excellent management skills and an analytical way of thinking could also consider diving into the field of event planning. As an event planner, you would be organizing meetings and various types of events. It’s a very profitable field with lots of room for growth and development.

Financial Advising

A financial advisory business seeks to help other organizations with problems related to taxes and insurance. A financial advisor is also responsible for helping individuals and companies in making smart investment decisions. Many professionals hailing from different fields require finance related counseling from time to time and as a financial advisor, you would be there to help them out in their financial endeavors.
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Business
Read on to know why women in the world are taking the work- from- home route.

So you have finally decided to work from home and ditch the office life for a much better work life balance route.   But you don’t know what tools you need. Well you have come to the right place as we tell you the essentials you need while working from home.

 

Workspace

Just because you have left the office in a tall concrete building doesn’t mean you will be completely rid of an office if you are going to be working from home. You will definitely need an organized and peaceful workspace in your home to be set up so that you can work properly and productively. A place where you can work without being disturbed by the kids, spouse or pets. This area doesn’t have to be a big room but just big enough to have your desk, gadgets (computer, printer, scanner etc). Many companies that hire people who work from home expect that you have a decent place where you can easily and seamlessly do the work. If you are talking with a client (if you’re running your own business) or boss (if you are hired by company to work remotely) you wouldn’t the kettle screaming, the baby crying or the dog barking in the background. It looks unprofessional and sets a bad image.

 

Internet

You need to have a high quality and fast internet service. It is very important because you will be constantly checking emails, downloading files, streaming videos to talking to people online. Internet is a work-from-home person’s most important tool. There is no business that doesn’t require internet.

 

A phone line

Whether you are an entrepreneur or working remotely for a company, a decent phone line is important. It has to be different from the one you have for your residence because you would want to keep work and personal calls separate. This phone line should be set up in the office or work area you have set up so that whenever the phone rings,  you know which call is for work and which is personal. This is also convenient if the internet is not working you have at least an actual number where people can contact you.

 

Computer

It is totally your call whether you want to have a laptop or a desktop but many serious remote worker or entrepreneurs prefer having a desktop set up in their home office. This is because laptops can be taken anywhere, and this causes someone to casually take their work to other areas of the house such as the sofa or the bed, this creates chances for reduced productivity. Desktop will make you stay in the office space. You need a computer to do all your business from so that goes without saying how important that is.

 

Other gadgets

Depending on the line of work and the workload you have, you will be required to have some electronic items in your office such as printer and scanner. You will also need a Smartphone where you can check your emails and receive calls if you are out somewhere.
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Entrepreneurship
3 rookie mistakes entrepreneurs make that have proven to be fatal for their careers

Setting up your own business always involves risks and no one guarantee you success at the beginning. It is the decisions that you make along the way, that have the most impact on the fate of your business. You can’t control all the factors (and remember that you should not try to either) but there are certain sure ways that have proven to be fatal for businesses. Here are top three rookie mistakes that entrepreneurs make, which plummets their business down the rabbit-hole.

1.     Don’t be an accidental entrepreneur

So let’s begin with the foundation. Before jumping to the planning and execution phase, STOP! And ask yourself if this is what you really want to do and why you want to do it. Be honest with your answers because you can’t and shouldn’t lie to yourself. Ask yourself what is your long term goal with this.

Before starting anything, you should be absolutely clear about it in your mind. And no, don’t confuse this with having an entirely perfect business plan penned down from day one. This is not possible and things are bound to change along the way. But you should know your goals with choosing an entrepreneurial path. If you are in it just because it is the next cool thing for the decade, then chances are that you will fall into the trap of being an Accidental Entrepreneur and that is not a good start.

2.     Know your product and audience

Now that we have established that you have chosen this career path for yourself and not just stumbled upon it, we can go ahead with the preliminary phase of doing market research. I get it, crunching the data and collecting market surveys is not a dream task but it is just one of those fundamental steps that can’t be skipped. I can’t stress on this point enough, on how important it is to know your customers.

We have entered the realm of digital marketing, and people are blasted with tons of information through internet every single day. If you are not completely aware of the needs of your customers you are going to be another failed product that will land in junk folders. So know your audience and build a product that they need or be proactive enough to create the need for that product.

3.     Communication is the key

So now you have made the product and have successfully marketed it to your targeted audience. Another common mistake that entrepreneurs make is that they don’t communicate with their customers. Don’t think that your job is done once your product has reached the customer. No, the real work actually begins after that.

The experience that your customer will have with that product is going to determine whether that person is going to come back to you or not, so be extra careful. Answer queries on time, listen and respond to feedbacks and most importantly be open to criticism. Building a loyal customer base is extremely important for any business to be successful.

Above all, be open to experiences. Understand that you will make mistakes, but it’s how you react to them that make a whole lot of difference. Begin by knowing yourself, then follow to knowing your audience and build a relationship with them for a thriving business.
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Innovation
Innovation in education management can be achieved if teachers and educators are coached correctly and trained to use advanced methodologies

So you are looking around for ways to innovate teachers. You can definitely improve educational means, technologies and the manner in which lessons are planned. But what you should also do is focus on training the teachers themselves.

If the teachers become more innovative, and come up with new ways to explain the concepts, the quality of education will certainly improve at all levels right from the junior classes till college.

Asses the proficiency of teachers

The proficiency and performance of teachers should be assessed through well planned out metrics. Certain benchmarks should be determined, and if teachers fall below that level, they should be trained in that particular aspect.

Focus on both theory and practical sessions

Many teachers either focus on either theoretical knowledge or practical exams, whereas they should be focusing equally on both.  Education is a science and a craft. Thus, innovators in education management should not only be trained through a fixed course outline, but through a flexible model as well. Abstract teaching and experimental learning each play their own part, and so they should be incorporated in training. As an example, the initial few days can be focused on some coursework, whereas time in later stages can be spent in a classroom for a practical experience of the concepts learnt.

Provide continuous education

Even if teachers have acquired high qualifications and spent several years in the educational industry, they should be trained and coached continuously. As technology advances, so does education. And every teacher needs to be aware of the latest methodologies and practices, so that they can modify their styles accordingly. They should be provided regular access to quality coursework and professional development opportunities so that they are trained on all new forms of providing education.

Give them short term and long term goals

Your training session should not only be innovative, but should allow participants to leave it with a proper plan. Help them set short and long terms goals for themselves, and guide them on achieving their targets. Encourage teachers to think about each of the concepts taught and the manner in which they will apply it in the classroom.

Provide an active learning environment

Active learning is an effective form of training that allows concepts to be understood better and retained longer. Prepare real problem scenario questions so that teachers develop a gist of what they should do when caught up in some situation. Encourage question/answer sessions and group discussions as well, allowing everyone to learn from each other.

Encourage changes and adaption

Effective teaching is adaptive. Teachers must understand that even when training is over, they will still have to reflect back on their styles and make modifications where necessary. They should be able to assess the effectiveness of their teaching through course evaluations, class participation and students feedback, and use it for further improvements.

Modifications should not be limited to the teaching style, but should also be made to the content and structure of the course itself if required.
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Innovation

Technology has come so far that it has affected all aspects of life, from business to entertainment to education. Nowadays, schools are reforming their teaching methodologies to keep abreast of the changing times. Children are using tablets and PCs rather than the traditional books more. This is not to say that traditional methods are on the way out; but simply means that that new technology is being incorporated in today’s learning environment.

 

Everyone is connected to each other in more ways than we could have ever imagined and information is just a quick Google search and click away. Distance learning has taken new shapes and forms thanks to the internet and people can learn anything and everything without having to wait for a scheduled time on TV for a distance learning class.

 

Here are just some of the technologies that are taking the education sector by storm:

  1. Cloud technology

There are times when a student can’t attend any classes due to various reasons such as, illness, injury, family issues or moving to another country where the education standard is not up to par etc. Then this situation calls cloud based learning system. It is basically a form of distance learning where all the learning material is stored in particular area and the student can access it whenever and wherever possible. These can include audio lectures, video lessons and also live class sessions.

  1. M-learning

There is the new trend called M-learning (mobile learning) where the students can use their mobile phones to learn. They can download audio/video podcasts, download learning apps, and watch videos from their mobile phones. It is ideal for students who are on the go and need to access learning material where they can’t use a laptop or PC.

  1. Virtual reality

This is the latest trend these days. It hasn’t been fully adapted in schools but some of them have started experimenting with this idea as it will slowly grow into a regular feature in a classroom. Virtual reality helps people interact with each other in a 3 dimensional environment. This can make people from all over the world seem like they are sitting together in a classroom.

  1. PCs and tablets

Schools are incorporating the use of tablets, laptops and PCs now more than ever because it’s easier to store and retrieve information.  It is easily accessible and shareable as well. The costs for using these technologies have reduced and it helps in reducing paper wastage like it did in the past.

  1. Social media
Everyone knows that kids and teens these days are heavily dependent on the use of social media to communicate with each other. It is also a way for them to express themselves whether in the form of videos through Snapchat or pictures in Instagram. So schools have started using social media to teach them such as making Facebook groups where teachers can share their lessons or have videos on Snapchat reminding them about their assignments etc.
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Entrepreneurship

Working has never been this easy because this is the era of the internet. The internet has changed the structure and operations of businesses as we know it. Many people these days are leaving the daily grind of the corporate world and opting for home based business and diving into the world of entrepreneurship.  Women in particular, are opting to start home based businesses that create a healthy work-life balance for them. This way they can manage their home and families without compromising the advancement of their careers. If you are thinking about starting an online business but don’t know where to start then these some of the options you can try are:

Online coaching/blogging

This is a lucrative business and you can start it without any need for capital. Skilled based services are really profitable and online coaching/blogging are rated top in the list. You can write blogs and coach people on various aspects of life such as relationships, parenting, health & nutrition, make-up, fashion, self improvement and the list goes on. Whatever the topic maybe , chances are there is always going to be someone who will be willing read and pay for the coaching services you offer. As long as you are passionate and you have the credentials in field, then you can surely thrive.

 

Retailing

There are 2 ways to this. You can either sell your products on websites such as Amazon, EBay, Etsy etc or have your own online store/website. If you don’t want to invest in a website then you can have your own Facebook page where you can sell your stuff. You just have to think of a niche or service that will attract a certain demographic and work your way up in the world of online business. You can sell clothes, handmade items, arts and crafts, or anything under the sun.

 

Web hosting

This is one of the most profitable businesses out there. Even though there is a high amount of profit in this business but it demands full time attention. Because you will hosting many servers online therefore you need to ensure that everything is working properly.

 

Content writing

If you are skilled in the art of words then look no further. There are tons of content writing job online that you can do. Whatever your writing style and tone is, you will get a client that will be willing pay you to write. The writing can be creative, persuasive, technical or academic, so just choose your category and write away.

 

IT skills

If you are a programmer, know how to code or have professional web designing experience then you can make money online by offering your technical services. These jobs are never out of trend and you just need to ensure that you are up to date with all the knowledge and softwares.
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Entrepreneurship

So you are almost done with your MBA. Time to create a resume or to dish out an awesome idea? While the latter path is highly beneficial, there are so many of you who’d take the former approach. We don’t really blame you because it is completely your fault. The reason you cannot turn towards entrepreneurship right after stepping out of college is not only because you are not capable enough, but because you were not groomed the right way.

There are so many colleges which don’t focus enough on entrepreneurship, and so MBA students fail in learning the tricks of the trade. The knowledge and skills that they do acquire are of immense help on their jobs, but not if they are to establish a startup of their own.

Lack of Relevant Courses

Already mentioned this, but let’s elaborate more. Most of the courses offered by MBA colleges are great choices if you are looking for a career in banking or marketing. But if you want to delve into entrepreneurship, you’ll only have a handful of courses to choose from. And with some colleges, it is only one or two electives and that is it.

More colleges should start offering a major in entrepreneurship so that more MBA students consider setting up their own businesses.

Inappropriately Qualified Professors

Offering relevant entrepreneurship courses is not enough, if they are not being taught by the right professors. A teacher may have a PhD, but if they have not tried out entrepreneurship on their own, they are probably not a good enough choice.  Because it’s not only about what is contained in the books, it is also about hands on experiences that can only be shared by someone who has stepped into the field.

Thus, if entrepreneurship courses are taught by entrepreneurs themselves, they will be able to narrate their own personal experiences to students. Students wont only be given theoretical information but also the practical knowledge.

Incompletely Researched Ideas  

Okay, so there are these MBA students with an entrepreneurship major taught by the right professors. Is that it? A large part of this falls on the student themselves. Even if they learnt all that they should have in college, they should be absolutely sure that their idea will be a success in the industry, that there are no flaws and that all loopholes have been covered.

An MBA entrepreneur should thoroughly research their idea, and ensure it’ll leave a mark. It may have been done before, but if it’s done in a new way now, it may still have a huge impact.

A Proper Plan

Coming up with an out of the box idea is only half the story. There should be a detailed plan as well that covers everything from the methodologies to the finances.

 

If both universities and students do what is required of them, young entrepreneurs will start to it the market in bigger numbers.
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Entrepreneurship

Women sure have come a far way in life when it comes to work and family. They really do live up to the multitasking stereotype. This of course is not to say that they don’t get tired or exhausted but they know what their priorities are and so they learn to manage their time well.  Men can do that too but since they hardly have ever been put into that position, it’s the women who are taking the lead in the multitasking game.

Enter the Momtrepreneur: a mother who starts her own business and works from home. A tigress to say the least.  There is a new wave of women entering the business world who are stay at homes and entrepreneurs at the same time. Having a child and a business to run is like raising 2 babies at the same time. That might seem daunting in the beginning, but it is fulfilling and satisfying at the same time.

Here are just some of the reasons why being an entrepreneur and a home maker can have so many benefits:

 

Your family can inspire you in more ways than you can imagine

There are many businesses being run by women that have been inspired by their family life especially their children. These are so helpful because they are made by women for women because women understand the needs of other women more than anyone else. For e.g. creating a baby’s clothing line which is comfortable for the baby but also quite convenient for the mothers to change their nappies,  environmentally friendly milk bottles , eco friendly diapers and toys , jewelry line for baby girls, children’s books etc. So pick up your baby or toddler, play with him/her and see how they inspire you.

 

A balance like no other

Let’s be honest here, the typical corporate life can be draining especially if you know that you have to go to a crying baby, but before that you have to endure the bad traffic on your way back home to exhaust and stress you out even more. Then you have to deal with your spouse who is equally tired from work as well. All this can suck the life out of you in the long run. But if you start your own business from home and take charge of your life. You don’t have to answer to any boss, deal with annoying coworkers and can take as many breaks as you want while being in your yoga pants all day. Pretty neat right?

 

The time of your life… literally

You will be saving so much time by working from home. You won’t have to spend hours in traffic to and from work every day, take multiple breaks, watch that soap, talk to a friend or neighbor, take a nap, spend time with your family, wake up whenever you want. You would literally live on your own terms. This will reduce stress levels and increase productivity. So what are you waiting for? Be an entrepreneur and explore the possibilities.
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Education
Will an MBA degree help you in landing the job of your dreams? No, not always! And so it should not be your primary reason for pursuing an MBA degree

An MBA degree is one of the most sought-after qualifications in the education industry. Students pursue it for so many reasons, be it for improving their skills or earning more money.

And there are some MBA students who also believe that this degree will help them in landing that dream job with industry leaders.

Is that really how it is? If it were, shouldn’t all the MBAs have nailed the best jobs by now?

The reality is so different from perception.

An MBA degree will not always help you land that job you’ve been eyeing. In rare cases, yes, provided luck is with you. But most of the time, the answer is no. And so if you are seeking MBA degree just to get a better job, you may be highly disappointed after spending a significant amount of time and money.

The Efforts Involved

An MBA degree does not come easy. You have to spend a good amount of time on it. Agreed, this won’t be an issue for many of you. But when you see your other non-MBA friends kicking it out there, you definitely wouldn’t be so eager to put your head back into those books.

Plus you may not be learning all the skills

A good job requires a lot more than what books teach. So chances are even with an MBA, you may still not learn all the skills required in your industry of interest. Another reason why your MBA may not help you get ‘that’ job.

So what can you do?

An MBA degree is not preferred as much as the problem solving and critical thinking skills. And there are plenty of ways to improve these rather than signing up for higher qualifications such as seminars, conferences or short educational courses. Not only will you be spending a less amount of time, but less money as well.

But that does not mean, you should not get an MBA

Do does all this imply that you should not opt for an MBA degree at all? No, it only means that you shouldn’t be getting if you are targeting a better job.  There are scenarios in which an MBA degree can be highly beneficial, such as if you were to start your own business. Challenging path, but definitely not impossible.

So many MBA students turned to entrepreneurship after completing their degrees, and were quite successful. Indeed, they had to put in efforts and time as well, but the output put is definitely worth it. Entrepreneurship is so much better than limiting yourself to a job. You do what you are passionate about without limiting yourself to a fixed routine. And if you do it right, you’ll be leaving an impact and magnifying your earnings in the time to come

Do go for an MBA degree, but just ensure that you are pursuing it for the right reasons.
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