Entrepreneurship
3
Answers
🌎Harvard Certified Global Corporate Trainer🌍
If I go by your definition, I am getting the notion that by particular worldwide company you are referring to an MNC. You must understand few important things when it comes to MNC: A MNC is a company that does business in more than one country. Transnational company produces, markets, invests and operates across the world. It is an integrated global enterprise that links global resources with global markets at profit. These companies have sales offices / manufacturing locations in many countries. a) MNCs consider opportunities globally b) MNCs invest their assets globally c) MNCs engage in international production d) Operations in number of countries e) Managerial decisions based on global perspective. f) MNCs produce the products in one or few countries and sell them in most countries. Transnational corporations produce the products in each country based on specific needs of customers of that country and market these. A transnational corporation mostly uses the inputs of the host country where it operates unlike an MNC. Companies become MNC because of several reasons for instance: i. Protection from uncertainties of business cycles, political policies of the domestic country ii. Tap global markets iii. Grow business iv. Increase profits v. Reduce costs vi. Overcome tariffs – In some countries, the companies need not pay tariffs, if they manufacture in that country and export those goods. So, such companies set up manufacturing facilities in those countries. E.g. NAFTA countries like USA, Canada, Mexico (NAFTA – North American Free Trade Agreement). vii. For technological advantage – instead of licensing, companies produce goods directly Advantages of MNC are as follows: i. Contributes to economic and industrial growth, ii. employment generation, iii. access to latest technology, iv. more business for domestic suppliers, v. more competition for domestic business, vi. reduction of imports, vii. favourable effect on balance of payments, viii. domestic consumers get plethora of products and services. ix. MNCs who export also earn foreign exchange. x. Good utilization of natural resources. Drawbacks of MNC are as follows: i. Unsuitability of technology to host country, ii. MNCs may not operate within the boundaries of national sovereignty, iii. they may indulge in monopolistic practices, iv. indiscriminate use of natural resources, v. focus only on consumer goods but not capital goods or development of infrastructure in host country, vi. pollution, dumping of material, vii. use of outdated technology to host country. Advantages of MNC to home country are as follows: i. Create demand for home country products, ii. create employment for home country people, iii. earn forex for home country, produce products required by home country consumers by producing in foreign countries with foreign resources, iv. save domestic country from environmental pollution, v. generates profits for home country by earning profits through business operations in host countries. Disadvantages of MNC to home country are as follows: i. Transfer capital to other countries, unfavourable balance of payments ii. Less employment opportunities in home iii. May neglect industrial development in home country as transnational companies follow secular approach Characteristics of an ideal MNC: a) Lose its parent identity and blend in where it operates b) Citizen of the world (absence of a polycentric approach) c) Takes up CSR (Corporate Social Responsibility) efforts d) Meet customer requirements across the world e) Seek efficiencies f) Seek new technology and new knowledge g) Act within the framework of local law, rules and regulations The ideal MNC transcends the national boundaries and detaches itself from narrow national considerations. Therefore some people refer to MNCs as transnational corporations. A transnational corporation is globally integrated i.e. its considerations are for the entire worldwide operations as a whole; but at the same time, it respects the local (national) requirements. Multinational companies with total control from home country or companies with decentralized operations in different countries move towards becoming a transnational corporation. Global companies with a firm base in the home country and tight control over foreign operations also move towards becoming a transnational corporation. Developing countries should note that the size of a country’s domestic market may not be a limiting factor in the establishment of successful MNCs abroad. Small countries like Switzerland and Finland have spawned MNCs like Nestle, ABB and Wartsila. The growth of businesses need not follow a linear path. Companies can take the international route and scale up their business. Off shoring is shifting an activity abroad. R&D can be outsourced but there is a risk of losing protection offered by intellectual property rights. Back office processes, technical support functions like data entry, data processing, secretarial services, telemarketing, legal transcription and business process outsourcing are services that are generally subject to off shoring. Data processing, database services, software implementation, financial services, animation services and health services are also subject to off shoring. Medical transcription, diagnostics, testing and medical advisory services can be outsourced outside domestic country. Now once you have understood this, you will also understand the fact that most of the companies which operate worldwide do have a strong social networking base as well i.e. social media to make it’s presence felt in the business market. The reality of individuals getting intricately connected with each other through the social media (as seen above) cannot be ignored by any business, whether it is a large corporation or an SME. Customer has always been a king and businesses are constantly trying to reach out and seek attention of their consumers for new leads, feedback, research, and service. Ever since social media has become the new destination for millions of people, it is the perfect platform for businesses to carry out or support some of their business functions online. Today, more than 90 percent of the adult online population is using social media, which includes many of your customers who are networking with others. No business can ignore social media anymore. If you are, you are not only losing an opportunity to enhance your business, but your absence may also be causing damage to your brand and reputation. Social influence has always played a major role in the buying decisions of customers. But now more and more people are relying on the social media online to seek referrals and recommendations from others, asking / answering questions and sharing their experiences. It is not only the big multi-national or national brands, the phenomenon can be seen taking place at the local level; theatres, restaurants, etc, are all being discussed on the social media. Businesses usually refer to the social media as a consumer-generated media (CGM). Social media can be differentiated from industrial or traditional media like magazines, newspapers, television, and film, as they are relatively inexpensive, easily accessible and enable anyone (private individuals) to publish or access information. Benefits of social media to businesses are as follows: a) Accessibility: The social media is easily accessible and takes minimal or no costs to use. Social media is easy to use and does not require any special skills, knowledge to use. It is absolutely simple to connect with others and be a part of communities. Therefore, anyone with online access can use the Social Media to initiate or participate in the conversations. In a sense, everyone is now empowered to speak up. b) Speed: The content that you create on the social media is available to everyone in your network/forum/community as soon as you publish it. You can communicate with your audience without any external factor affecting the delivery of your message. The responses are also near instantaneous and thus you can have a dialogue, which is almost in real-time. c) Interactivity: Social media affords a two way or multiple communication channels. Users can interact with each other; ask questions, discuss products/services, share opinions and anything else they might be interested in doing. d) Longevity/volatility: Social media content remains accessible for a long time, maybe forever, because of the nature of the medium. In addition to this the content can be edited/updated anytime. So, if a user likes a particular product and says so in the social media, it is not a permanent positive vote for the product; the user can always go back and change his opinion anytime. e) Reach: The Internet offers an unlimited reach to all content available. Anyone can access it from anywhere and anyone can reach, potentially, everyone. Social media offers the same facility to all the users who can share anything with anyone they like. f) Online Branding: Every business wants to be known as a brand, which is, in effect, its “identity” that may be represented by a name, logo, colour schemes or the tag line. But, the term “branding” goes much beyond just these and is in fact a culmination of the individual “identity” of the business, how it differs from its competitors and why a buyer should come to it. g) Marketing: Social Media Marketing is the way businesses and non-profit organisations use the social media effectively to build relationships through trust, useful content, helpfulness, and authority. h) Building Relationships: For a business to be successful it needs satisfied customers, and for a customer to be satisfied they need good customer care and service. A satisfied customer is a loyal customer. So how can a business provide good customer service, care, or support? i) Word-of Mouth / Networking: Social Media is the new Word-of-Mouth. Since people are all inter-connected with each other, a small mention in any of your audience’s profile goes a long way in spreading the word about your business/product. Let your customers become your marketing agents. j) Online Reputation Management: “The practice of monitoring the Internet reputation of a person, brand or business, with the goal of suppressing negative mentions entirely or pushing them lower on search engine results pages to decrease their visibility is known as online reputation management (ORM).” k) Community Building: A company or business can use the social media to build a community around its products/business. Vibrant communities create loyalty and encourage discussions, which can contribute towards business development and improvement. l) Lending a Human Face to the Business: More and more customers are sick of the marketing jargon and are not comfortable dealing with faceless businesses. People like to deal with people and participation in social media helps to lend a face to your business. Thus, the answer to your question is that to find major customers of particular worldwide public company tap into the social media influence of that company. You will not only get customers there but also ex-employees who will help you know understand the company well. Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Branding, Marketing & Boundless Energy.
Hi Peter, one key pointer that I always offer my clients working in HubSpot is to remember that the platform is very flexible. This means that there are many different ways to set up your programs and accomplish your tasks. Once you remember that, it's important to establish your business rules and guidelines up front so that you don't end up with a "frankenstein" implementation. Hope that is helpful! -JL
I study electrical and electronics Engineer.
If I am one of your viewers, I'd like to find the exact same I am searching for and u provide. I highly recommend to mention every related vocab to your description, so you always on search list. Regarding titles, keep it simple and up to the content. If you provide education content, mention the part and question you will go through.
I study electrical and electronics Engineer.
As an engineer, believe me if you missed month without developing yourself, your career will fall dramatically. The system now is so fast and employers search for highly qualified, thus I always try to get into courses, workshops, and even exchange program where I could develop my soft skills.
Branding, Marketing & Boundless Energy.
That's a great offer, and I'm sure there would be businesses who would like your help. Have you established yourself as a consultant? I mean the mechanical part of setting yourself up, ie, website, business license, linkedin profile, etc. Remember that just because you are offering your service at no cost, you still need to be able to tell the story of why someone would want to work with you and let you "inside." For example, are you just starting out? are you looking for references or testimonials? be sure to use your personal story in your message. LinkedIN would be a good place to start. But first, try to get super narrow in your targeting of the type of organization you want to work with. The narrower you can make your target, the easier it will be to reach them. Find the type of org you want to work with, then you can use sales navigator to reach out to those businesses. Hope this helps!
Clarity Expert
Cloud funding platforms are a good way of raising funds for various causes. However, a major concern on the part of the giver may be issues around transparency regarding what the money is being used for. To address this, there should be clear communication on the part of the receiver stating and possibly providing pictures showing what the funds have been used for. In addition, if an option is going to be provided for donations to be made online, ensure that the platform is secure.
Mentor, Entrepreneur, Lawyer, Public Speaker
It really depends under which legal jurisdiction you are. The tax laws are very different in each country. Very generally speaking, every income needs to be accounted for, but what you could do is transfer the money to your corporate account and register it as a founder's loan to the company (which may or may not be paid back to you in the future). You just need to take into account that you still may need to report the source of the income (even if you didn't have a company then) and pay taxes for it (if applicable in your case - again, it depends where you located, how you're registered with the tax authorities, and what the amount is). * Disclaimer: the above should not be seen as legal or tax advice as this is impossible to give without knowing all the details. You should always consult with an accountant or lawyer. I can try connect you with one if you let me know your location and budget. Good luck I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi, If you mean for someone to check - then I'm happy to help you with this. I've helped hundreds of entrepreneurs prepare their pitch and pitch deck. If you mean investors - then you have 2 options: 1. You can search for all the available investors online, and send your deck to the relevant ones. 2. I can help you select and send to them. The value here is that I can provide you with a list of hundreds of VCs, help you select the relevant ones, and with the sending of the peck. Either way, I advise that you don't just send the deck and hope for the best. The process needs to be methodical. You should create an excel file and track who you sent to, when and if you got a response. You should also preferably send the deck only to VCs/investors that invest in that type of product/service, and tailor your email/message to each VC after reading up about them. Nothing says 'amateur' like just sending off your deck. Good luck I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
President of Technical Interviewers
I'm not usually big on crowdfunding, but this is the sort of thing that it was created for. I would think that if you made your pitch compelling you'd be able to raise a fair amount that way. I would also suggest that you really pear down your app so as minimize expenses. Use only one developer, making something with just enough features to get people interested and signing up. I wouldn't spend too much on the logo; a good logo is nice, but the question is, how much will it really help you in attracting early adopters?
Realtor | podcaster | missionary | theologian
Alikhoum salam, it sounds like you're trying to figure out what to do about your house without "RIba?" It's difficult to understand your question, but I'm a realtor and can potentially provide some clarity. The most important questions are: - how much do you owe on the house? - can you sell it high enough to pay off the mortgage (Due on Sale Clause)? - where will the money for your next house come from? - how soon do you want these transactions to happen? Do any of these resonate with you at all? Hope it helps.
Devoted Herbalist on Twitter
Hello Ali, Can You please try to specify WHAT Advice exactly do You need.You can also Email me,on stellaskmugore@gmail.com
🌎Harvard Certified Global Corporate Trainer🌍
If we go by the definition of real estate management, it is amazingly simple. The real estate management the business of managing land and buildings, including activities such as keeping buildings in good condition and organizing the renting of property, but going by the question, I believe that you want to grow into a real estate management firm. Now that is a different story altogether. To become a management firm, you must understand the management in its entirety. The real estate firm will eventually deal with people indirectly by keeping building in good condition and organizing the renting property. This in turn will create jobs and as you grow up you will require more and more people to assist you. This is called Labour. So, first thing you must investigate is division of labour. When physical tasks are continually repeated, the body learns to automatically perform the motions with minimal concentration or mental effort – he called this dexterity of the worker. Smith also recognized that dividing labour does away with time wasted moving between workstations, locating tools, putting on equipment, and learning/relearning tasks. Lastly, by performing the same tasks day in and day out, workers can envision and construct machines to aid them in their work and to make production more efficient. Adam Smith suggested that the division of labour contributes to nations becoming wealthy and prosperous. He described that by everyone in a society working in a job where they could become specialists, the benefits of the division of labour would arise and considerable excess output would be produced. When division of labour occurs in every job and industry in a society, excess production would occur throughout all areas of society. By then trading the excess output of workers throughout society in a common marketplace, all people could enjoy more goods and services at lower prices than if they had all worked independently for all they needed. Once You have dealt with this you will need to deal with efficiency of the labour force you have employed. From a multi-year study of workers at an assembly plant, known as the Hawthorne Studies, organizational researchers recognized the importance of paying attention to human needs and making workers feel valued. In a series of work-performance experiments, workers could give input to management decisions and permitted to interact with their co-worker’s (and thereby become members of a team). The experiments manipulated the hours of work and the timing and durations of lunch and rest breaks. Performance was studied across the entire series of experiments. Researchers found that performance rose across each experimental condition – even ones giving workers longer breaks and shorter work hours. Traditional organization theorists would never have predicted this finding. It would have been like turning off an efficient machine for part of the day and getting more output from it than if it had been left on for the entire day. The findings caused managers and researchers to question their assumptions and beliefs about organizations, efficiency, performance, and the importance of people in the workplace. Next what is important is the emphasis on people. Without people, organizations are simply empty buildings and unused equipment. It is people who give them life, purpose, and meaning. Healthy and vibrant organizations are those with healthy and vibrant workers. As learned from research and experience, organizations that promote feelings of growth, trust, recognition, affiliation, responsibility, appreciation, and self-worth tend to have healthy and vibrant workers. Starbucks Coffee is one company that does an exemplary job of putting an emphasis on its workers. They have built a successful company around the idea that their people are the most important asset of the business. The culture, values, policies, and reward systems are all designed to impart and reinforce the ideas that their workers, or partners, are the reasons for their success. Employees return the trust, respect, and appreciation shown toward them back to the corporation. Starbucks’ success using this business philosophy has been tremendous. Once you have dealt with that, you must put everything in a systematic way. Systems are highly essential for success, unless everything is systematic success cannot be achieved in the long run. A system is composed of interdependent parts that are arranged in a order to accomplish a purpose. Our bodies are examples of systems. They are composed of different parts, or elements, that influence and are influenced by other parts of the system. The digestive system is sub-system of the human body, and a system unto itself. It is also a containing system, or super-system, of smaller systems. The mouth, for example, is part of the digestive system and is a system unto itself. Systems are related to complementary and dependent systems. Failure to perform in one element in a system can result in a cascading failure of the system and related systems. The failure of an organ in the digestive system can result in the failure of the entire system and then failure in all dependent systems until a person’s whole-body ceases to function. The similarities in definitions and concepts between organizations and systems provides added insight into ways to structure and guide organizations. Systems theory provides managers with a way to understand the concepts of differentiation, interdependence, structure, and complexity. Awareness and understanding of these principles will help managers work more effectively with suppliers, customers, and related departments and improve the ways they guide their people, units, and organizations. To become a good real estate management firm a strong and confident leadership is important. Unfortunately, many organizations also seem to run on the road to nowhere. Those without a clear purpose and goals, those without a vital and relevant mission, and those without people who aspire to accomplish new and interesting things are often heading nowhere. As with a ship that is pushed along aimlessly by the tide and wind, a directionless organization might find that it will eventually move away from where it started. Sometimes an aimless movement to “nowhere in particular” can result in good things for the organization. However, when the tide and wind are used in conjunction with a desired destination, navigation, course corrections, and an able crew, ships can be quickly and safely maneuverer to their destinations. Effective captains guide effective ships – they prepare their ships for the journey, they constantly monitor environmental conditions, they plan and follow navigable routes, and they assemble and work with able crews. Effective organizations need effective leadership to guide them “somewhere.” Leadership is about vision, direction, and movement. Effective leaders provide followers with destinations to which they aspire, and they work with their followers to reach them. When the journey to the destination seems perilous, leaders provide their followers with confidence and assurance. Effective leaders prepare their organizations for the journey and they constantly scan the environment for threats that might slow down or impede their journey and for opportunities that could move them along faster. They chart courses of movement appropriate for the abilities and limits of their organizations and they make periodic adjustments to their planned routes. Effective leaders also build effective work teams. They inspire team members to work toward desirable destinations and they work with followers to reach their goals. If your organization is one that aspires to “maintaining the status quo” or simply “going with the flow,” your organization may be on the road to nowhere – and that is not typically a place that organizations seek to go. To go “somewhere” in a purposeful and coordinated manner, organizations need leaders and leadership throughout their ranks – from executive-level positions all the way down to first-level positions. When destinations are reached, leaders guide their organizations to new and better destinations. Vision, goals, direction, teamwork, and continuous change are the ingredients of leadership and the keys to keeping organizations off the road to nowhere. In today’s culture, we many times use the terms manager and leader synonymously. However, as with colour, true analysis of the concepts can only happen when we have words to describe the different shades. In formal organizations, managers typically have formal authority – powers that reside in the position that they occupy within an organization. Leadership does not come from a position in an organization; rather, it is earned and given to someone by other organizational members. It is possible to be a good manager and not a good leader, a poor manager and a good leader, or both (or neither). Effective organizations require effective management and leadership. In many cases, the individuals who advance through organizations do so because they are good managers and leaders. They can plan and organize and the abilities to work with others, to inspire, motivate, encourage, and communicate. The challenge for us all is to identify and develop our strengths and weaknesses as managers AND leaders. For organizations, the challenge is to identify and train current and future organizational members with the skills and abilities required of effective management and leadership. Leadership is an authority relationship. Authority comes from the power that one holds over followers or subordinates. In some cases, authority comes from the position that one holds in an organization, as described in the constitution or by-laws of the organization, and other times it is willingly given to the power holder by the followers. The power gained from others arises from being viewed as special in some way. Admiration, respect, charisma, expertise, and other personal characteristics can all add to perceptions of personal power and authority. Power and authority gained from the position that one holds is termed “position power” and that which is earned and gained in the minds of people is called “personal power.” Next thing you would require is good self- monitoring. People who are high self-monitors have natural abilities to read and gauge social and environmental cues and to then adapt their behaviours quickly to fit unnoticed into new situations. They observe and quickly adapt to their behaviours to prevailing social norms, customs, rituals, dress, language, and patterns of interaction. In a relatively short amount of time, high self-monitors can seamlessly blend into new social contexts and become almost unrecognized as outsiders. Being a high self-monitor could be an advantage for people working in boundary spanning positions and those on the periphery of organizations – those that interact with customers, partners, suppliers, and clients. When it is important for organizational members to appear like those they interact with, high self-monitors have an advantage over low self-monitors, who tend to act in a consistent manner across all situations. Locus of Control is a personality dimension that relates to where individuals place responsibility for the causes of success and failure in their lives. People with an “internal” locus of control believe that the successes and failures they experience in their lives are related to the energy and effort that they invest in the activities. Oppositely, people with an “external” locus of control attribute the causes of success and failure in the tasks they undertake to forces outside of their control –they attribute outcomes to being in the right place at the right time or the wrong place at the wrong time. Research shows that successful organizational leaders are those who accept responsibility for the successes and failures in their lives and learn and grow from their failures and successes. They avoid giving away blame for mishaps because they know that growth and learning can occur when they discover and fix their mistakes. Their perceptions of self-image and self-esteem are enhanced through the victories that come from successfully accomplishing things at which they may have previously failed. When asked about failing grades, they accept responsibility for the outcomes and humbly proclaim that they “earned their Fs” and then correct their actions and succeed in their tasks the next time around. To become a Real Estate Management, you cannot be one-man army. Every member of your firm will be interdependence on each other. Organizations are defined as “social entities made up of two or more people who work together interdependently to accomplish common goals.” Organizational scientist James Thompson identified three forms of interdependence – pooled, sequential, and reciprocal. Pooled interdependence is characteristic of golf and bowling teams. Group performance is the “pooled” performances of the individuals on the team. Relay teams in track and field events are examples of sequential interdependence. Here, performance of one team member does not begin until the performance of another team member ends. Under sequential interdependence, time must be spent practicing the transfer of responsibility from one member to another. Reciprocal interdependence describes the basketball team. In basketball, players continually act and react to the actions of teammates and competitors. Play is constant and dynamic and requires individual players to work as a team to succeed. Baseball, football, volleyball, and other sports are hybrid-combinations of Thompson’s three pure forms. Next, we will investigate group size. It is natural to imagine that a bigger group of people can accomplish more than a smaller group. If you have ever moved a piano, you probably appreciated having others aid in the effort. The more people who add their strength to such a task decreases the average load that everyone has to carry. However, after a certain point, adding more people to the task becomes a hindrance to the performance of the group. People begin to get in the way of each other and to make the collective work of the group more difficult to coordinate. Each additional person added to a task will reduce the burden of the workers in the group, but the benefit gained from each new worker will be less than from the previous worker. For example, a third piano lifter will reduce the burden of each lifter from 50% to 33% of the weight of the piano (a 17% reduction). Adding a fourth lifter will reduce the burden from 33% down to 25% (a 8% reduction). Economists refer to this concept as “diminishing marginal productivity.” After a certain point, the added benefit of another person will not be worth the cost of adding another person. Nine eager piano lifters may choose to go on and move the piano themselves rather than wasting time waiting on a tenth, extremely late helper. The point to stop bringing on new workers is when the cost of a new worker exceeds the added benefit of the worker. Just as with baseball and piano moving, some work in organizations requires collective action. It is important for managers to identify the optimal sizes of their work groups. Too big, and the organization will waste human and organizational resources, too small, and the organization will lose out on performance. After all this you must consider Social Facilitation as well. It posits that individuals perform differently in the presence of others than they do when they are alone. Knowing that others are observing them brings about a state of physiological arousal that causes people to act differently than when they are unobserved. That “charged” physiological state tends to energize people when performing physical tasks. Whether an individual uses that energy to enhance or harm performance is influenced by the nature of the task and whether the person is comfortable and confident performing the task. When people perform physical tasks with which they are extremely comfortable and confident, the energized state tends to enhance performance. In other words, when tasks are perceived as easy, the presence of others positively affects performance. Highly trained athletes probably set more performance records during important competitions than in the presence of only their coaches during practice. In an opposite manner, difficult tasks, new tasks, and tasks that people are uncomfortable and unconfident with, tend to negatively affect performance when conducted in the presence of others. Social facilitation also has a mental component. Performing in front of others brings with it an expectation that others will evaluate the observed performance. Questions such as: “What will others think about my abilities?” and “Will others view me as an asset or liability?” run through the minds of individuals when performing in the presence of others. Perceived positive evaluations enhance performance. Perceived negative evaluations will unnerve and distract the performer and subsequently harm performance. Next come in line is Group think. Groupthink refers to the tendency for individual group members to suppress and not give voice to their individual thoughts and ideas in the presence of an idea that seems popular with the group. It arises when group members conform to the will of the group to avoid disagreeing with the group and creating conflict and appearing as bad team players. But as the paradox shows, sometimes the will of the group is not the will of any individual member. Managers and organizational leaders must understand and recognize the tendencies of individuals to conform to group pressures. In some cases, social conformity is desired and can be used to wrangle in wayward individuals, create a sense of belonging, and build group identity. In other situations, however, the processes of social conformity and groupthink can lead groups to derive less-than-optimal solutions to organizational problems. Work cultures must be created that value teamwork AND individual input and the questioning of solutions, procedures, and methods of operation. By doing so, organizations can reap the benefits of groups and maximize the power of their individuals. Next comes another essential component in becoming a renowned real estate management firm is attention to culture. Cultures are defined by what people have in common. Common languages, customs, histories, heroes, traditions, religions, stories, beliefs, and values help define national cultures. The things that are shared by a group of people give it an identity. Organizations also have cultures and subcultures. The shared experiences, patterns of interaction, sense of identity, lingo and jargon, stories, customs, values, and histories common to organizational members all contribute to its culture. To ensure that a culture continues within an organization, it has to be taught to new members. Cultures can have either strong or weak influences on the behaviours of organizational members. Strong cultures are widely recognized and supported by organizational members and can be part of the glue that holds organizations together. They help give a sense of identity to organizational members and help keep them tied to the group. Weak cultures are less widely shared and have less influence over the behaviours of members. Organizational cultures can have positive or negative influences on members and their organizations. Positive influences occur when the culture supports the values and ideals of the organization and when it promotes the desired performance of the organization. Negative influences result when the culture encourages and values ideas and behaviours that are counter to those of the organization. Last and the most important is the Goal setting. Goal specificity gives people exact targets and timelines against which to measure their performance. Accomplishing a series of small, incremental, and short-term goals gives the goal setter the ability to see movement toward the overall goal. Goals that are challenging are more motivating than goals that are too hard or too easy. Setting a fitness goal of being able to run a mile in four minutes might be unrealistically difficult for many resolution makers and eventually cause them to give up prematurely in frustration. Setting a fitness goal of being able to run a mile in 20 minutes is probably too easy for many people and would not drive people to focus, train, and significantly alter their behaviours to attain that goal. People do things that they believe in and find important to do. When goals are not accepted by the people who are responsible for meeting them, performance is less likely to occur than when people endorse and accept the responsibility for making them happen. If people do not accept ownership and responsibility for meeting their goals, they will be more likely to give up on them when distractions and difficulties arise. When people know how their current actions and levels of performance stack up against expected performance, they can sustain acceptable performance or make corrective actions to bring unacceptable performance back into line with expectations. These are the way in which you can become a Real Estate Management. I have dealt with several individuals who are related to real estates and most of them agreed that the above methods are best suited to excel in real estate management industry. Besides if you do have any questions contact me: https://clarity.fm/joy-brotonath
Marketing Communications Expert Problem Solver
Hey there, I'm going to give you my low cost/ no cost approach. (Large firms have tools and research teams, I do not!) (1) First I'd break down - into a list - all the aspects that make up a demographic target or avatar (e.g. age, race, ethnicity, gender (e.g. male, female, non-binary, geographic location, income level (i.e. both household and individual), education level, marital & family status (i.e. does your target audience have children), occupation). (2) Second, look at the list, write down what you know, and for what you don't know go to step 3. (3) Next, it's time for more research. You may actually know the answers to all those questions, but do you, or your client, know how big that demographic target (or combination of multiple demos) is? Also, everyone in the same demo does not think, believe, or have the same purchase behaviors. So look at the psychographic aspects of your target as well (i.e. interests/ hobbies, media consumption, political beliefs, organizations affiliated with, etc.), 4) Finally, here are my go-to free data resources to calculate the size of my target audience (which is needed to calculate conversion rates and if the market is large enough to make a profit from based on your product variables. 5) Research resources: Pew Research Institute, U.S. Bureau of Labor Statistics, U.S. Census Bureau Quick Facts (obviously I have made the assumption your targets are U.S. based): https://www.pewresearch.org/ | https://www.bls.gov/ | https://www.census.gov/quickfacts/fact/table/US/PST045219 Best of luck! Leslie
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi The best way would be to have the creator/artist sign a waiver and transfer of rights. This is an agreement between you and them (it's about 1.5 - 3 pages long) in which they clearly state that they are transferring all the rights to you and waiving any future claims. I advise having a lawyer draft this for you* (yes, I also draft these documents), or if you don't have any money, I am sure you can find some free or cheap templates online from one of the website that provide legal documents. * the reason I advise using a lawyer/attorney is because this type of document isn't too expensive, and you need it to be tailored to your specific needs. Good luck I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Abimbola Muritala Omoayo Real Estate Management
there is many alternative for you to advertise your product in absential of Amazon.... you can make use of Alibaba, Wish for fast service
Fractional CTO
First: Get out of California. Move to Texas or Tennessee or Florida, where taxes are far lower. This single step will solve many problems. Next: Work with an attorney to answer your questions. Also a tax professional. Cheapest tax professional you can hire is H&R Block Executive Tax Services. This is a special... fairly unknown part of H&R Block which deals exclusively with complex + multi-jurisdictional entities. You'll find no better expertise/intelligence any cheaper than H&R Block Executive Tax Services.
Chief Executive Officer at billionaire.life
I suggest you make a competition, let the designers send you suggestions for your application and you choose the best one, you will save both time and money, if you need more information, feel free to contact me.
Capital Equipment
2
Answers
Experienced Associate
I think it is possible to launch a rental eCommerce store for construction equipment business but it is not that simple. It depends on the approach you take. Not many people are aware of this but there are some rental marketplace solutions already available in the global market that can be used to launch online rental stores.In UAE, launching an online rental store for heavy equipment is a lucrative idea considering the increased construction activities in the region and 3.3% CAGR of the heavy equipment rental industry in 2018-2024. When you create a website from scratch, especially for a unique type of business like a rental ecommerce store, it requires advance planning, including finding a feasible business model and developing an MVP. On the flip side, the benefit of ready-made marketplace solutions is that their feasibility is already proven. They don’t require excessive research and resources and limit the business establishment journey to a mere sell and buy transaction (that’s if you don’t require customization). The business model of a construction equipment rental store would be something like: - A visitor adds your equipment to the cart - Selects the rent duration and pays rent + security deposit - Returns the equipment after using - You deduct the damage amount from security and return the money I did a little research to educate myself better and found a company that is doing the same thing you are looking for. Tenderd is UAE-based company that deals in construction equipment. It does not sell the equipment but only lends. Tendered was launched in 2018 and was able to raise $5.8 million seed funding with more 3000 equipment to rent within a year of its launch. If Tenderd fascinates you then Investing in a white-labelled rental marketplace solution(https://www.yo-rent.com/) and rebranding it is a very reasonable option to get started with your online construction equipment rental business. It also comes with the following benefits to resolve various pain points of a business owner: * They improve your online visibility, do branding, and build trust * Provide access to a larger audience promoting long distance business operations * Streamline payment processing and management via third-party integrations * Increase price transparency facilitating a competitive advantage for the marketplace owner * Provide passive income streams like PPC ad campaigns, paid featured banners, affiliate marketing and monthly subscriptions * Easy to market via social media channels, Search Engine Optimization, and email newsletters Hope you liked my answer.
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi It really depends on the type of startup, but very generally speaking, you would need: 1. A One Pager and/or Pitch Deck (presentation). 2. To perfect your pitching skills (online). 3. An MVP (Minimal Viable Product) or at least a POC (proof of concept) to show some data/numbers. As for actual funding channels, you have: 1. Friends and Family. 2. Crowd funding. 3. Angel investors. 4. VC firms. 5. Bootstrapping (funding yourself) - probably less relevant in this case. 6. Government grants (some countries, like Europe) Good luck I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Self taught entrepreneur and show business mogul.
I would look into searching for an influencer agency to get connected with these influencers.
I am a professional speaker
I use tier marketing strategies to attract new clients. Simply stated, I use the other members of my team to work collaborately to circulate marketing materials by simulating increased traffic and tricking the algorithms of media platforms to keep circulating the content. A giveaway may be added but it doesn't matter what you give away if your content is not circulating into the hands of potential clients.
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi, Yes, this is something that is fairly common. Calculation: in order to calculate the % you should give, you need to understand how much is due to the designer for all their work, and how much your projected profits will be in the first 6 months/year. Then, you offer a % which should give the designer a little bit more than the value of their work during that 6 or 12 month period. It is important that you define in the agreement/email, what the amount is - meaning that when the designer gets that amount, you stop giving them a % of profits. I would also add a section in the agreement that states that should you decide to do so, you can pay them off the entire amount and stop making the monthly payments. Lastly, make sure it is clear that they are only getting a % of the profits (not the income) and that they don't have any voting/decision rights. Good luck I've successfully helped over 350 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi, I'm happy to try and assist. Send me more details about the type of help you're looking for, about the app, the target market + the current status of the app/business, and I'll be happy to try and help. If I can give you some free advice by email I'll be happy to do so. If you'll need more help we can schedule a call. As for tool, here's a whole bunch of tools and resources from Steve Blank (the man behind the Lean Strategy): https://steveblank.com/tools-and-blogs-for-entrepreneurs/ Best of luck
Mentor, Entrepreneur, Lawyer, Public Speaker
Hi You can offer them: 1. equity (options/shares). 2. % of future profits. 3. Find someone who doesn't have much experience and is looking to expand their portfolio. 4. Make them a co-founder? Obviously, designers in 'developing countries are cheaper. Good luck
International Tax Attorney and U.S. CPA
There are a lot of different platforms to try and raise capital. You can try and borrow money from a traditional bank, or if you are in the US, the small business administration (SBA) has many programs to loan funds to small businesses. Other startups try to raise money by issuing debt or equity to investors. Crowdfunding has also become a popular method of raising funds. The crowdfunding platform generally entails people "gifting" you money to fund your company, so any proceeds are generally treated as taxable income.