UKYS Company Limited Launches New Online Custom Menswear Tailoring Business

UKYS Company Limited Launches New Online Custom Menswear Tailoring Business

The global menswear market has been outpacing womenswear in growth for five years in a row. See how UKYS is adding their unique fashion flair with custom menswear available at www.ukys.com.

FOR IMMEDIATE RELEASE

(Ho Chi Minh City, Vietnam) – Popular fashion industry website Business of Fashion reported in June of 2014 that the menswear market has been outpacing the womenswear market in growth for the last five years. In addition, an estimated one-third of men are now shopping online for clothing and shoes. This strong market growth can be attributed to changing attitudes amongst men about fashion and the fact that men are now putting more effort into their personal style.

It is with this market growth in mind that UKYS Company Limited, a premier outsourcing tailor for overseas bespoke shops – further steps up to become a retailer in Custom Suits Online with its newly-launch website. The approach with the mindset offering overseas customers a direct gateway to tailor a custom suit with affordable price range thanks to the cut-off of middle distribution layers. The website offers three distinct services to meet everyone’s needs: an online menswear tailoring service offered directly to customers (B2C), an outsourcing tailor service for menswear tailor shops (B2B), and a uniform tailoring service for corporations (B2B). With these top-notch services, UKYS is positioning themselves as an important resource for both fashionable customers looking for custom suits and shops looking to outsource their tailoring work.

Pauline Tran, a spokesperson for UKYS, stated “The menswear market is growing larger every day. However, UKYS is committed to remaining competitive in this market. Our website offers competitive prices for quality made-to-measure apparel. We are also able to offer free shipping to our individual B2C customers. Visitors to the UKYS site can expect a risk-free online tailoring experience with supportive customer service. Our skillful craftsmanship team has strong experience as outsourcing tailors for the overseas bespoke market. Each day we are committed to continuous innovation to improve our products and ensure that they are user-friendly.”

Tran goes on to say, “UKYS operates with three core values. We care about our integrity, which means that we always offer quality products. We serve customers with hospitality, always providing service from our heart. We take serious interest in innovation, which means that we are hungry for learning and thrive our best become better. Whether we are servicing a corporate client or an individual, it’s our goal to consistently provide the highest-quality tailored suits with the best customer service in the business.”

“Our motto is straightforward: Customers image is our reputation. With everything from custom suits, Custom Blazers to Custom Dress Shirts, we are their style-keeper and guarantee them a risk-free purchase until they are happyA quality custom suit is achieved by focusing on the details, and we do everything we can to get it right for our customers every time simply because we believe they deserve only the best.”

About UKYS Company Limited:

UKYS offers an unforgettable online shopping experience with its quality products and services for gentlemen who love custom-tailored suits. Their tailors have 15 years of experience as outsource tailors for overseas bespoke companies. With an incredibly simple setup for online body measurement and order placement, UKYS has turned what can often be a confusing custom suit creation process into an easy way for a man to enhance his personal wardrobe. With the mission and promise of “the perfect fit” as their driving force, UKYS’ attention to detail and money-back guarantee make them the go-to company for the best in custom tailored suits.

Media Contact:

Pauline Tran

Ho Chi Minh City, Vietnam

Telephone: +1(888)-666-3310

Email: pauline@ukys.com

Source: http://www.newschannel6now.com/story/30454205/news

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Innovations, Entrepreneurship and Profit: How They Are Tied Together

What is Entrepreneurship? When we think of entrepreneurship, what immediately comes to mind are businessmen, and small scale enterprise or businesses. Actually, the definition of entrepreneurship varies depending on the perspective used. It may be a field in business or it may be an activity in which people engage in. Describing the processes involved within it defines what entrepreneurship is. Understanding and seeking innovations, like improving an existing product line, is one of the processes in entrepreneurship. But is not merely innovating, this process should be taken a step further for it to be considered as part of entrepreneurship.

The step further would be to transform the innovation into economic goods, something that will generate income. In entrepreneurship, an individual or a group of individuals identify a business opportunity by finding a prospective or valuable item, product or activity that can be utilized for business and generate sustainable profit. When the market value generated by the business opportunity or innovation is greater than the value of the value of the combination of resources used to create the opportunity or innovation, then there is profit. Profit occurs when the value of the resources used to create a product is increased through innovation.

The definition of entrepreneurship lies in a single but most important concept: discovery. Without discovery and innovation, there will be a stagnation in the market economy as there will be no improvement. Entrepreneurship paves way for economic growth, as it supports economic growth through its discoveries and innovation. Through entrepreneurship, new and better things, processes and systems are created, recreated and uncovered. The creation or discovery does not need to be isolated to new product lines or existing product lines. It can also be applied to methods of production, market, resources or an organization or even an industry. Entrepreneurship can provide solutions for economic stability as it continuously seeks improvement and development of our resources to give them a greater value.

Let’s take the following situations as example of understanding what entrepreneurship is. Check out the following situations:

· A stay at home mom who knows how to cook delicious Indian cuisine starts to sell them to the teachers and staff of the nearby school.

· A downsized employee found another use for old vehicles, designs and fixes them, and made a playground for her pet day care center.

· A scientist discovers a new element but does not attempt to identify practical uses for it.

All of the situations except for that of the scientist show entrepreneurship. Remember that entrepreneurship is discovering or improving new product lines, market, processes, resources or organization. The stay at home mom found a new market in her neighborhood, the nearby school, and she took advantage of it to generate income. The downsized employee developed a new use for old vehicles. The situation with the scientist cannot be considered as entrepreneurship. There was no attempt to generate a market value for the new element as the scientist did not attempt to identify its practical uses. If he created a product with the use of the new element, then that could be identified as entrepreneurship.

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What Drives People Into Entrepreneurship?

Entrepreneurship

When I think about entrepreneurship the first question that comes to my mind is… WHY? Think about it, why would a person that is making a five-figure salary turn their backs just to pursue the dream of owning their own business? For years I could not wrap my head around the fact that more and more men and women are on a mission to say goodbye to corporate America in hopes to become successful in business on their own.

Outrageous! I thought!

Why in the world would someone give up fickle job security, stressful morning commutes, irritable bosses, time clock annoyances, a realistic glass ceiling, and not to mention unmotivated coworkers?

Honestly… who in their right mind would give that up? Seems like all the more reason to stay in corporate America right?

WRONG!

The above reasons are all the evidence anyone would need as a means for pursuing entrepreneurship. However, let’s be clear everyone that has taken the route towards entrepreneurship have not been successful. One of the main causes of an unsuccessful entrepreneurship pertains to the issue of setting unclear expectations. In other words, many entrepreneurs fail to set realistic expectations and fail to do their research before venturing out into the business arena without proper information. Any business analysts will tell you that soaring blindly into fog will subject you to an unforeseen accident. Nevertheless for many budding entrepreneurs the dream of not having to deal with a boss is all the reason the pursuit of entrepreneurship is worth the journey.

The Entrepreneurship Shift

According to recent reports, the number of college graduates and business professionals that are becoming intrigued by the idea of entrepreneurship has grown tremendously. This can really be seen in the world of women. Women that are choosing the field of entrepreneurship are doing so for a number of reasons. For most women they are enthusiastic that entrepreneurship provides them the opportunity to spend more time with family and earn an income at the same time. Not to mention that fact that women have fought a gender pay gap for years and are in need of a limitless career alternative. This is not say that women have it easier as an entrepreneur than men because both parties face the same challenges.

Entrepreneurship In the Spotlight

Over the last few years there has been a surge in the amount of entrepreneurs in today’s business industry. As a result, entrepreneurship has been the topic of discussion in many social media platforms and news reports. What makes entrepreneurship such an interesting topic of discussion is how various entrepreneurs started out from humbling beginnings such as homelessness, while others stem from the adventures of working within the various aspects of corporate America. Regardless of their individual backgrounds it goes without saying that every entity they experienced in their lives contributed to their economic success in the realm of entrepreneurship.

Your Entrepreneurship Opportunity

After researching the business arena I found myself wondering how many people are out in the world looking for the next big entrepreneurship opportunity. How many men and women are despondent with working for someone else and not getting any of the associated perks? I believe now is the perfect time for people to enter the realm of entrepreneurship and take the business industry by force. If this describes how you are feeling when you think of your current employment situation then let me encourage you to make a decision and contact me at the link below so that I can help you on your journey towards becoming the next successful entrepreneur!

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Essentials in an Entrepreneurship

Entrepreneurship is the act of compilation of various resources and transmute in to commercial products. The resources compiled by an entrepreneur includes innovative ideas, financial management, efforts in the growth and development of the venture, human resource management, marketing, customer relations as well as every minute input in business. The tasks of an entrepreneur are often laborious. This may range from small scale single business to large scale corporate business.

The innovative ideas in entrepreneurship include the methodologies and strategies to manufacture brand new products with the aid of spurring advanced technologies to market in novel markets. Wealth creation is a major aim of any entrepreneur. Hence the entrepreneurship must be advanced enough to tackle the demand by generating valuable cost worthy products to the customers. The main qualities required in an entrepreneurship are a seasoned professionalism, discipline and a well structured approach to handle thing in an appropriate manner. Systematical qualification is the major eligibility of an entrepreneur. Opportunity assessment and harnessing the valid opportunities is a major chore in an entrepreneurship.

An overwhelming intention to succeed, competitiveness, a solid determination, self confidence, ground breaking ideas, readiness to accept variety, incited and energetic nature etc are the major requirements for an efficient entrepreneurship. A good entrepreneur must be outstanding from the mass. A well performing entrepreneurship must handle the team of human resources proficiently retaining the team spirit of each and every employee for the efficacy of a better wealth creation. Uniqueness plays a key role in entrepreneurship also. It is not sufficient that the entrepreneurship just survive, but thrive. Relentless performance is what entrepreneurship demands.

Rather than skills, perception matters in the case of entrepreneurship. The world of an entrepreneur is always on the verge of risks. Successful entrepreneurs will be aware of the uncalculated risks. Opportunity risk is of little importance in a venture when financial risks as well as credibility risks are considered. Financial risk is a major issue since monetary issues are in to the matter. The capital input may fails to produce fruitful results in the flourishment of venture causing financial risks. It can even lead to the complete destruction of an entrepreneurship. The personal risk is laden with emotional and relational entailment. Credibility risk and value risks are another types of risks associated with entrepreneurship. Here the market fails to retain the signature of the products due to some reasons like any collapse in quality, supply, promotion etc. The entrepreneurship must be well armed to face these risks associated with the business.

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Building Economic Development Through Youth Entrepreneurship Camps

Communities across North Carolina are successfully incorporating youth entrepreneurship into their economic development strategies. Community organizations and educators are partnering to offer youth entrepreneurship camps that build entrepreneurial skills in youth. This article shows examples of how communities are recognizing the importance of youth involvement in economic development.

Many youth between the ages of 9 and 18 attend youth entrepreneurship camps across North Carolina. A variety of camp activities include hearing from local entrepreneurs, taking part in hands-on activities to learn about their community, assessing their own skills, and creating a business idea. During the camp, youth complete activities that build creativity, teamwork, leadership, and financial literacy skills.

A remarkable trait of many camps is the partnering that takes place across the community to make the camps a reality. Several community partnerships include Community Colleges, Public Schools, local 4-H Cooperative Extension, and local Boys and Girls Clubs. Many camps are held on Community College campuses to help expose youth to the college environment.

From the very beginning, camp participants are encouraged to “think like an entrepreneur” by being creative and taking risks. The business teams are encouraged to think about what their community needs, what they do well, and what interests them. The teams quickly become competitive about who has the most creative and sometimes most outrageous business ideas. Unfailingly, the adults who serve as judges for the final presentations are impressed by the creativity of the ideas, the quality of the presentations, and the engagement of the students.

Many communities make the decision to select a theme for their entrepreneurship camp and encourage students to create a business around the theme. One theme camp was delivered by a partnership that included Carteret Community College and the Core Sound Waterfowl Museum. With funding from the Conservation Fund, the College and Museum created an entrepreneurship camp that taught students about the heritage and history of Harker’s Island and the local community. Campers created businesses that reflected this heritage, including a tool that would help boats stuck on sand bars, and a nature center that would offer guided tours. One student commented, “My favorite part was learning what it took to make a business and manage a checkbook.”

Many counties in western North Carolina are offering youth entrepreneurship camps to teach youth leadership and problem solving skills. Communities are beginning to understand the importance of partnerships and collaboration. Wilkes Community College partners with 4-H Cooperative Extension to offer Youth Entrepreneurship Camps in Wilkes and Ashe Counties. The camps combine entrepreneurship with growing industries in the region including advanced materials and sustainable energy. Students took part in a presentation by Martin Marietta Materials and learned about how composite materials are developed and tested. They were able to handle and test materials such as the blast proof panels that protect U.S. troops. Through the theme camps students were encouraged to think about developing businesses that capitalize on the assets on their community.

Several counties are working together to offer a regional youth entrepreneurship camp. Asheville-Buncombe Technical Community College offers the Young Entrepreneurial Scholars (YES!) Camp for high-school students and this year started a Middle School Academy Camp for Middle School students. The Young Entrepreneurial Scholars (YES!) Camp requires interested students to submit a camp application and recommendations. Students who participate enter the camp with their own business idea that they hope to turn into a real enterprise one day.

Many communities across North Carolina are making the decision to include youth entrepreneurship in their economic development strategy. Youth entrepreneurship camps build on the trend and teach young people how to think like entrepreneurs and create a community that encourages entrepreneurship. Students learn about entrepreneurship as a career option, and learn entrepreneurial skills that will benefit them whatever their career choice. Youth entrepreneurship plays a role in economic development as community leaders learn tangible ways to make it part of their larger strategy. Entire regions will benefit through the creation of more businesses and a better trained workforce.

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How To Foster A Culture Of Entrepreneurship In Your Children

Fostering a culture of entrepreneurship in your children is an important factor in supporting them to become self-reliant and financially independent as they grow into adults. It’s a gradual process that requires you as a parent to be actively and effectively involved in your child’s development.

Though formal education is very important and we cannot avoid it, relying on it solely is no longer enough to deal with the changing demands in our life. You need to help your children to understand money and how it works. You need to begin early enough to deal with the obstacles that deter educated people from achieving financial independence. These obstacles include mainly fear, cynicism, laziness, bad habits and arrogance. By fighting against these behaviors early enough, you foster a culture of entrepreneurship in your children.

Fear is a very big obstacle to success. Fear of losing money or losing anything should be fought early enough. Let it be properly understood that there is no rich person that has never lost money and there is no successful person that walked his way to success without any challenges. But there are a lot of poor people, who have never lost money. Whom do you prefer?

Cynicism, a belief one may have that something good will not happen, prohibits many people from venturing into business. Being doubtful about success is a major hindrance to financial freedom. Guide your children to be optimistic about what they set their heart to do. Opportunities are so sly that cynics tend to wake up when it’s too late. That’s one reason why they remain poor.

Fostering a spirit of laziness in your children is a very bad tendency among some educated and well-to-do people. They tend to provide everything that their children request, thinking that their children will be happy. But they forget that by so doing, they ignorantly kill the children’s ability to solve problems, to make good choices and to be creative.

Arrogance kills the spirit of seeking information. Many people tend to ignore the things they don’t know and ignorantly consider them to be avenues for losing money. If you find yourself ignorant in a subject, the best way to become knowledgeable is to find an expert in it to coach you or to look for a book and read it. Help your children to seek information on what they don’t know.

Our habits are reflected in our lives more than education. For instance, he who was loved is more likely to love other people he interfaces with. But the one who was never loved in his childhood will find it difficult to love others even if he is highly educated. Love is learnt through association with lovely people. Practicing value adding habits is one of the basics of fostering a culture of entrepreneurship in your children.

How can you then foster a culture of entrepreneurship in your children?

1. Train your children to communicate assertively for them to acquire good communication skills that will eventually help them to become successful entrepreneurs. The way people communicate is normally a reflection of their behaviors and beliefs. Most successful people are always assertive while unsuccessful people are either aggressive or non-assertive.

Aggressive communicators’ behavior is based on the thinking that they have to win at all cost while the people they interface with have to lose. They think that they have more rights than others. On the other hand, people who are nonassertive think that other people are winners and they are losers. Their submissive nature makes them to develop the feeling that other people have more rights than them. But assertive communicators believe that they have the same rights as others and they are the best communicators your children should emulate.

The best way to foster the culture of entrepreneurship in your children is by resorting to communicating to them assertively. They will learn from you and end up being assertive communicators. Let them learn to assertively say “No” to others, to receive and to respond to criticism, and to respond to aggressive or nonassertive people. This will eventually help them to live independent life and to venture into any kind of life, which is one of the characteristics of successful entrepreneurs. The onus now is on you to communicate assertively to your children so that they can learn from you.

2. Raise entrepreneurship awareness to foster a culture of entrepreneurship in your children. You can purposefully expose them to various situations where they will informally learn about entrepreneurship. For instance, take them to events on entrepreneurship like trade fairs. Organize outings to places where they learn something on entrepreneurship. Engage them in some good talks geared towards discovering something new. Use entertainment like showing them videos on entrepreneurship. Look for other ways of raising awareness.

3. Instill in your children a spirit of hard work, irrespective of whether you are rich or not. Let them learn that it takes someone to work hard to earn money. Instead of just giving them whatever they request you, let them work to achieve what they want. For example, set clear goals for them and reward them with what they crave for upon achieving the goals. When you do that you will be training them to become achievers and hard working people, which is one way of fostering the culture of entrepreneurship in them.

4. Another practical way of fostering a culture of entrepreneurship in your children is by starting a home business. You will not only become their role model but you will also enable them to acquire many entrepreneurial skills that will eventually help them to start their own businesses.

5. Train them to acquire new skills. It’s important to interest your children to learn various skills. This does not only unlock their mind but it also helps them to engage themselves in meaningful activities.

6. Another way of fostering the culture of entrepreneurship in your children is by associating them with successful entrepreneurs. Be friends with people, who have worked through to riches or to financial freedom so that they can act as role models to your children.

7. Guide them to take meaningful decisions that can impact positively on their lives in future. For instance, guide them to differentiate “needs” from “wants”. While needs are essential items you cannot live without such as food, wants are things you can live without. Guiding your children to make right decisions basing on what is essential to their life as opposed to luxuries is important in fostering a culture of entrepreneurship in your children.

8. Take them to schools where programmes on entrepreneurship are organized. Such programmes may range from activities like music, dance and drama to programmes like essay writing competitions, funding winning business proposals, debates and entrepreneurship award schemes. These help to sharpen your children to acquire behaviors of successful entrepreneurs such as being innovators, problem solvers, hard working people, information seekers, committed persons, persistent and many others.

9. Inculcate in your children a culture of reading to get knowledge and apply it. Let them know that knowledge is useless unless it’s applied. Applied knowledge is what makes a difference in people’s lives.

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Social Entrepreneurship – Now is the Time

Social entrepreneurship is a major area of interest in many social and civic organizations and has a significant impact on many areas of society. During the past decade economic resources have become more difficult to acquire and society has continued to exhibit economic and cultural decline. Concurrently, communities are in need of initiatives that will enhance their financial viability and programs that will enhance the overall viability of the population.

Social entrepreneurship initiatives are ventures that can serve as a method of increasing the social value of a community, organization or cause while enhancing the financial viability of a not-for-profit organization. With this being stated, social entrepreneurship has been defined in different ways by many different theorists. Gary McPherson, Executive Administrator of the Canada Centre for Social Entrepreneurship, states that social entrepreneurship involves various individuals working toward meeting social and economic goals simultaneously; while Bill Drayton, CEO of Ashoka, defines social entrepreneurship as a term coined to describe “individuals who combine the pragmatic and results oriented methods of a business entrepreneur with the goals of social reform.”

A more basic definition of social entrepreneurship states that it is “the process of using entrepreneurial and business skills to create innovative approaches to social problems.” Therefore, it is a methodology that is presently being used to resolve community and societal concerns globally. Social entrepreneurship as an area of specialized entrepreneurship is not defined by the same titling in every culture. For example, in Latin America countries social entrepreneurship initiatives are referred to as “Micro Enterprise.” In India the same program would be identified as a “Social Mission.” Though termed differently in various regions, social entrepreneurship initiatives are being implemented to solve specific societal and community concerns by focusing on the needs and resource availability within specific geographic regions.

Social Entrepreneurship in Education Throughout the United States, many top tertiary level academic institutions are enhancing their business programs by including a curriculum that caters to the study of social entrepreneurship. In 2003, the Center for Responsible Business was launched on the University of California Berkley Campus. This subsidiary of the Haas School of Business was implemented with the intent of training students to be more principled and socially responsible members of society through attending “the preeminent educational institution in area of Corporate Social Responsibility.” Stanford University also has established a Center for Social Innovation as a part of its graduate school of business. This center was founded with the mission to “build and strengthen the capacity of individuals and organizations to develop innovative solutions to social problems for a more just, sustainable and healthy world.”

In 1993, Harvard Business School started its social enterprise program with its mission of “generating and sharing knowledge to help individuals and organizations to create social value in the not-for-profit, private and public sectors,” and the University of Miami has refocused its business school curriculum to include coursework in the areas of ethical-decision making, social entrepreneurship and community engagement with the primary focus being to expose students to various areas of civic engagement while concurrently teaching them leadership and team building skills.

Tertiary level institutions, including Duke, which has established a Center for the Advancement of Social Entrepreneurship as part of its Fuqua School of Business, and Columbia University where the research initiative on social entrepreneurship is embedded in its school of business, have also made strides to enhance the study and education of those seeking to venture into areas of social entrepreneurship and social venture implementation. The Association to Advance Collegiate Schools of Business-International (AACSB – International) has identified over twenty-four tertiary level institutions that have included social entrepreneurship as a part of their business college and or business curriculums.

With social entrepreneurship being perceived by many as a new way of stimulating social change, Idee Winfield believes that the implementation of community-focused service learning projects is the first step in exposing youth to the various attributes associated with social entrepreneurship. Through community involvement, youth will begin to visualize and experience the various social issues within their community and envision ways to solve these problems. Winfield states that social entrepreneurship should be promoted in primary and secondary education, and coursework should be adjusted to allow students to “see how abstract socially focused concepts can have real world applicability.” Jeffrey Soderborg, a member of the Kauffman Center for Entrepreneurial Leadership Clearinghouse on Entrepreneurship Education, is also an ardent proponent of social venture education who believes that social entrepreneurship would be more readily accepted if youth were exposed to information expounding the laurels of these initiatives during their primary and secondary academic years.

As youth expand their horizons through the establishment of entrepreneurial efforts, knowledge and exposure to information about the process involved in the establishment of entrepreneurial business effectively plays a major role in the rate at which business entities are established. A study focusing on entrepreneurial interests among black youth ages 14 to 19 identified that 75% of the youth surveyed had interest in becoming entrepreneur. The study also found that these minority youth believed that more information about entrepreneurship should be presented through their schools. They also believed that entrepreneurs have a responsibility to reinvest in their community.

Corporate Social Responsibility

Personal values often serve as the justification for entrepreneurs to focus organizational efforts on socially focused ventures. The organizational decision to forgo pursuing financial gain with the intent of using the corporations’ profit resources to enhance a community is often referred to corporate social entrepreneurship. Corporate Social Entrepreneur (CSE) is a term used to describe corporate initiatives whose primary focus is to enhance a social concern and whose secondary focus is financial gain. The corporate social entrepreneur differs from the financial profit seeking entrepreneur in the area of decisions made that affect the community and environment in which their organization functions. Research identified that in corporate social entrepreneurship business acumen serves as a factor in the success or failure of social venture initiative implementation. Research identifies that success factors associated with the implementation of social responsibility initiatives were linked to whether the entrepreneur exhibits behavior that is moral, amoral or immoral.

The amoral entrepreneur would pursue initiatives only if they were deemed acceptable by the organization as a whole. The immoral entrepreneur implements initiatives based on what can be potentially gained for self as well as for the stakeholders, while the moral entrepreneur would pursue social responsibility initiatives based on what was in the best interest of the organization. Individuals identified as corporate social entrepreneurs are individuals who are more active in community activities and are actively involved in social responsibility efforts. Corporate social entrepreneurs also are more likely to implement social responsibility initiatives based on an organization’s long term objectives.

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Entrepreneurship – Benefits Of Taking An Entrepreneurship Course

Are you tired of your regular job? Are you thinking of starting a business of your own? Do you want to enhance your ability to create wealth? Do you want to be your own boss? Do you want to have control over your decisions? Are you a risk taker? Do you have a high expectation of yourself? If the answer to the above questions is yes, then all you need to do is to channel your energy in the right direction.

While passion is important for any business venture, the know-how is equally important for success. Many entrepreneurs who started out very passionate end up losing steam due to the fact that they do not have the proper entrepreneurial skills to make their business succeed. Entrepreneurship education is therefore key to a business growth and success.

According to research, entrepreneurship education contributed to the growth of firms especially smaller emerging firms. On average, emerging companies that employed entrepreneurship graduates had greater than five times, the sale and employment growth than those that employed non-entrepreneurship graduates. This means that taking an entrepreneurship course would definitely lead to an increased sale of your product or service.

In addition, it was observed that larger firms paid entrepreneurship graduates significantly more than they paid non-entrepreneurship graduates. In the United States, entrepreneurship graduates working for large firms earned approximately $23,500 more per year than did other business school graduates. This all goes to show the relative importance of an entrepreneurship education.

So as an individual seeking to start a business venture, taking an entrepreneurship course would benefit you and your business in the following ways:

It will enhance your ability to create wealth from your own business
It makes you become a champion of innovation.
It gives you the ability to create greater opportunities for yourself with advancing technologies
It makes you self-sufficient and enterprising
It gives you community understanding skills which is good for your business
It enhances your business management skills
It gives you an orientation to change that can help your business keep up with the ever changing times
It gives you a better understanding of the market economy that your business must thrive in
The education obtained leads to your ultimate personal growth
Your decision making skills are improved
It expands your creative thinking

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Top 7 Entrepreneurship Myths Debunked!

Becoming an entrepreneur has been on top of wish list of most people. After all, who don’t want to be a boss at least once in their lifetime? However, many people procrastinated to build their own business, mainly because they believe a bunch of entrepreneurship myths. I have listed the Top 7 entrepreneurship myths here, and going to debunk them!

Entrepreneurship Myth #1: Entrepreneurship is Easy.

Many people believe that entrepreneurship is easy when they see successful entrepreneurs making lots of money, but what they did not see are the hardships they gone through. When people see a successful restaurant with lots of customers, and believe that a successful restaurant just needs to have skillful chefs, tasty food, cool environment and facilities in a busy location, then they are very wrong.

This makes them want to start a restaurant with even better qualities than the successful one. However, they don’t see themselves making close to that restaurant. This is because there are others factors, that come into place: you need to look into Marketing, Training, R&D, Human Resource, Systematization and so on. Entrepreneurship seems easy on the surface, but in fact it is not.

Entrepreneurship Myth #2: Entrepreneurship is Difficult.

I can almost hear you saying, “What? You just said it’s not easy, and now you say it’s not difficult? Aren’t you contradicting yourself?”

Oops. Sorry to confuse you, but I didn’t contradict myself. It’s not easy, but it’s not difficult too.

Entrepreneurship, just like erecting a building, it takes time and effort. Investing time to learn how to build a business, and putting effort to apply what have been learned.

It’s not difficult, if you have a success blueprint. Success really leaves clues. If you have a blueprint to follow, a set of proven action steps laid out for you, a mentor to teach and guide you when you’re off track, things will not be as difficult as it seems, as you know there are help you can turn to when you need.

Entrepreneurship Myth #3: Failure rate is high.

Statistics have shown that 95% of businesses fail in first 5 years, and 95% of business remaining will fail in the next 5 years.

Hence, by referring to the statistics, we can say that failure rate is quite high. However, your success as an entrepreneur should not be determined by statistics. Statistics are dead and are just numbers. What determines your success is based on your performance, not by stats or probabilities.

In every aspect of life, be it business, college or sports, the number of people failing is always greater than the number of people succeeding in it. The bigger the award, the smaller the number of people succeeding in it. Hence, it’s normal to have a big percentage of failures and a small percentage of success.

Your job as an entrepreneur is to work towards the top 1% of successful entrepreneurs and study how to become one of the top 1%, and how Not to become one of the bottom 99%. Learn from successful people, and you can be sure you are on the right track towards the top 1%.

Entrepreneurship Myth #4: High risk.

I define risk as “not knowing what you are doing”. There is risk in everything. There is risk in eating fish balls, there is risk in driving a car.

We cannot eliminate all risk, but we can minimize risk, by educating ourselves and so we know what to do and how to do.

You would have lower risk of getting choked by a fish ball than a 6 month old baby, because you know how to chew and swallow. The best way to reduce your risk, and increase chances of success, is follow the blueprint (footsteps) of people who have achieved what you want. They have taken high risk to ‘draw’ out the blueprint, and what you have to do is to obtain the blueprint and use it. Of course, success secrets won’t be shared everywhere, and you have to ask for them yourself. But i can tell you that there are some really friendly and generous mentors who will give you some secrets of their success.

Entrepreneurship Myth #5: I need huge amount of money to start a business.

This is not wrong. Huge amount of money is needed to start a business using the traditional brick and mortar method. Rent and renovation costs are going to be in the tens of thousands, not mentioning the supplies and goods that you have to store in your own warehouse, and employees’ salary too(if you are hiring). These are costs that you have to pay, regardless if you made a sale or not. So, this is true that you need huge amount of money to start.

However, it can be a myth too. Times have changed and we are into the Internet age now. There are new options for you to become an entrepreneur, without using the traditional brick and mortar method. You can be an internet entrepreneur, and I have personally knew internet entrepreneurs who have made five or six figure incomes, from their home. It’s a business that can be built without costly rents, without storage of goods, and maybe without employees too. Network marketing also allows you to build a business without huge investment costs too. Hence, with this, i can say that it is not necessary to invest huge amount of money to start a business.

Entrepreneurship Myth #6: I’m not a born Entrepreneur.

Neither is Bill Gates (Founder of Microsoft), neither is Robert Kiyosaki (author of RichDad, PoorDad) and neither am I born entrepreneurs. Many people think that people who have successful businesses, must be due to their parents being successful entrepreneurs, and entrepreneurship success runs in the blood. However, I can say that this is absolutely a myth, as millionaire entrepreneur Robert Kiyosaki’s real dad is a Professor (that’s why he called him Poor Dad…)

No one is born an entrepreneur. The reason why some people can succeed their parents’ business so well, or become successful entrepreneurs, is because they learn entrepreneurship skills like selling, marketing, leadership, management and communication since young. They also mix with people who are entrepreneur-minded (like their successful parents), or people who have built multiple successful businesses.

Hence, instead of thinking why you are not a born entrepreneur, think how you can be an entrepreneur today, by learning the necessary skills required, and network with other entrepreneurs to learn more about them. Remember, your Net-Work is your Net-Worth.

Entrepreneurship Myth #7: You can be an Entrepreneur only when you are rich.

Alright, we may have touch on this point above on Myth # 5. Back in Myth #5, we mentioned that become an entrepreneur does not require high investment with the advanced technology today, and you can build an Internet marketing or Network marketing business, instead of a high-investment brick and mortar business. Hence, you don’t have to spend tens of thousands of dollars to be an entrepreneur. You can start an Internet and Network Marketing business with less than $200.

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Defining Firm Level Entrepreneurship

According to Zhara et al., (1999) different scholars use different expressions to describe entrepreneurship (e.g., Entrepreneurship, Corporate Entrepreneurship, Intrapreneurship, Entrepreneurship Posture, Entrepreneurial Orientation), but contrary to the variety of expressions used to describe entrepreneurship, there is consistency regarding entrepreneurship’s definition and measurement.

Generally speaking, entrepreneurship based research usually focus on either Traits or Behavior. Since the nineties, behavior underlie the vast majority of entrepreneurship’s research, the main reason for this is a limited success of scholars to reinforce the existence of common traits that characterize entrepreneurs (Smart and Conant, 1994). Gartner (1988) argues that the focus should be on “what the entrepreneur does” and not “who is the entrepreneur”. Behavior based research focus on the entrepreneurship process through the entrepreneur activities, that instead of referring to personal specific traits (Smart and Conant, 1994). Behavior based entrepreneurship’s research is usually conducted at entrepreneur level; nonetheless, scholars claim that entrepreneurship is implemented at the firm level as well (Carland et. al., 1984; Naman and Slevin, 1993; Lumpkin and Dess, 1996; Wiklund, 1999).

This article tries to establish a common base for defining firm level entrepreneurship. Naman and Slevin (1993) states that organization can be characterized and measured based on the level of entrepreneurship demonstrate by the firm’s management. According to Covin and Slevin (1986), top managers at entrepreneurship’s firm possess an entrepreneurship style of management, which affect the firm’s strategic decisions and management philosophy.

In order to establish definition for the firm level entrepreneurship, it is necessary to present the characteristics of management behavior used by scholars for that matter. Schumpeter (1934) states that innovativeness is the only entrepreneurship behavior that separates between entrepreneurship’s activities to non-entrepreneurship’s activities. Innovation relates to the pursuit after creative solutions through the development and improvement of services and products as well as administrative and technological techniques (Davis et al., 1991). Innovation reflects the firm’s tendency to support new ideas and procedures, which can end as new products or services Lumpkin and Dess (1996).

In his book “Essai sur la Nature Commerce en General”, Richard Cantillon (1755) argues that the essence of entrepreneurship is a risk-taking behavior. According to Lumpkin and Dess (1996), risk-taking can range from relatively “safe” risk as deposit money to the bank to quite risky actions like investing in untested technologies or launching new product to the market. In their research, Miller and Friesen (1982) define an entrepreneurial model of innovativeness, this model regards firm that innovate audacity and regularly while taking substantial risks in their strategy.

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