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Demystifying the Definition of A Quintessential E-Commerce Website

Thanks to the growing popularity of e-commerce web development today it has become crucial for online merchants as well as shop owners to develop high quality, reliable and secure e-commerce websites to promote their products and services. There are numerous open source e-commerce platforms available in the market which claim to offer everything that an online store requires. Clothes Buy Now Pay Later

But, among them all, Magento has earned the trust of web developers as well as online merchants around the world. It has achieved tremendous success and popularity as an e-commerce web development platform in the past few years. Today, if you Google around for any e-commerce site, you will find the essence of Magento in it.

But what makes Magento the right choice for the development of any kind of e-commerce store or site? Well, there are some special reasons which make it the right choice to create your e-commerce website. I have listed out a few of them, so let’s take a look at each one in detail.

Reason 1: Wide range of features it offers.

Magento offers loads of rich features for your e-commerce web development venture. Features like catalog management, site management, catalog browsing, analytics & reporting, product browsing, checkout etc. have made it one of the best feature-rich e-commerce platforms in the market today.

Reason 2: It is highly compatible with SEO.

Search engine friendly URLs and various inbuilt SEO tools make it highly compatible with search engine optimization. Moreover, tools like URL rewrite, Google site map, auto-generated site maps etc. make it easy for potential buyers to find your site on all the major search engines.

Reason 3: Provides ample support to mobile e-commerce.

With the growing popularity and usage of smartphones, it has become crucial for online store owners to get their products & services into mobile devices and Magento helps you do it with ease by providing a mobile version of your site to attract and convert the visitors into customers.

Reason 4: Offers most advanced options for marketing.

It offers great options for marketing and promotion of your products and services by tracking user behavior based on their purchases. Moreover, it helps online store owners to create successful and effective email marketing campaigns.

Reason 5: Effective extensions.

It has a wide range of extensions which help you add more advanced and futuristic features & functions within your e-commerce shopping cart. It offers both free and paid extensions to boost your site performance.

Reason 6: Huge community of developers!

It has a huge community of developers constantly making efforts to enhance its performance as well as help you solve your issues or problems related to Magento.

As we can see, there are many advantages to be gained by choosing Magento for your next e-commerce website development venture. The world is selecting Magento, why don’t you?


Things That You Need to Know About E-Commerce

OK, you researched your niche, registered a domain name, and are ready to build an e-commerce website. But first, you need to find a reliable web server provider that is e-commerce marketer friendly. Here are the key items you need from your e-commerce web host:


  • Reliability – If your e-commerce web hosting company goes down, you’re out of business. Thus reliability and uptime are crucial! You must be sure your e-commerce website host has multiple web servers, preferably in different data centers.
  • Technical Support – When things aren’t working, you need support immediately, not tomorrow morning. Thus your e-commerce host web provider must have technical support available at all times.
  • Web Design Services– While not absolutely necessary, if your e-commerce web hosting provider also provides web design service, then it is more likely to understand your web issues when you have problems.
  • Email & Autoresponder Services– Interactive and automated email will be your primary means of interacting with your customer. As such, you need a e-commerce website provider that understands this need or you will have to buy it as a separate package with an additional fee from another service provider.


Some additional features you may desire are:


  • Web Site Monitoring Services– Some e-commerce web hosting companies provide a service which will email you if your site is no longer responding to connections Zilch Pay Later
  • Video Hosting– Video is one of the hottest marketing trends. If you wish to use it, you’ll need e-commerce web hosting that allows the larger storage and increased bandwidth video requires.
  • Conference Room– Wouldn’t it be nice to invite your customers to presentations in your own, non-branded video conference room?


You can find all of these services from individual providers. However very few e-commerce website hosting providers bundle all these services together for one low monthly price. Because each service can cost you $10, $20, $50, or more per month, it is in your best interest to find e-commerce web hosting that conveniently provides them in one package, ensures they all work together, and does it for one monthly fee to save you money!

GVO (Global Virtual Opportunities) is one business e-commerce web hosting [] provider that bundles all of these services for one low monthly price.

Good luck and best wishes in your e-commerce marketing endeavors.


E-Commerce for Brick-And-Mortar Retailers and Wholesalers

It has always been a great challenge finding the right e-commerce vendor that fits in perfectly with your business needs, either you are expanding, diversifying or what have you. It is very necessary for a brand to be portrayed uniquely in the light of their competence.

Setting up an effective e-commerce enhances this objective as they can be leveraged as a support tool for the brand being promoted.

The following sufficiently sums up what you should do when you come to this defining point in time:

·Know your needs and research the vendor that can fulfill that need. It is pertinent, real pertinent, that you check out the vendor’s clienteles to be ensure that they can deliver what they say they will deliver. Check out their business delivery methods and processes. How long have they been in business? What is their success ratio? Do they have the required technical ability? What of personnel and the needed infrastructure? How good is their customer service? What is the cost of implementation and maintenance? Once you are able to determine these and other pertinent questions, your base is covered to some extent.

·Look for a true and dynamic vendor. Get one who is well-accustomed with your business process as well as the general business of e-commerce. It’s more like saying you need a ‘partner’ vendor that will be able to grow your business and establish your brand. This goes well beyond just the initial setup and launch of the system.At the end of the day, e-commerce is all about accomplishing set objectives. Ultimately, a company should choose a vendor that fully understands and can align with their objectives.

·Decide on the e-commerce solution to use. Generally, there are various forms of e-commerce solutions ranging from off-the-shelf to custom-built platforms. About 70% of a business needs can be captured by the off-the-shelf solutions, while the remaining 30% can only be fulfilled by customizations. Depending on what is good for your particular business, you can go for either of the two. But for small and emerging businesses that may be priced out of a more customized solution, the e-commerce solutions based on the popular open-sourced Magento platform is a very good alternative. Your e-commerce store can pretty well be set up and interfaced with multiple storefronts and marketplaces very quickly. For a global brand, this can be a good solution. Zilch payl8r

·Give your users what they need. The emerging trends in e-commerce solutions include those in the areas of balance in personalization, the social commerce, and the power of patronage through the shopping experience. A delicate balance between content and commerce is all that brands need to stand out. Consumers will always go for what they want and if you don’t give them, they will go elsewhere.

·Be prepared to spend good money. Any good solution speaks of good investment. Be ready to invest good money. When launching a new e-commerce initiative, companies should be looking at spending about $50,000 or thereabout for its implementation. Customizations have to be done with a host of tweaking that goes with it. Note that because the solution of an e-commerce company is cheap, it means that their services may not be at par, and vice versa. Go for what is good for you.

In essence, these have a more profound focus and effect on the creative and speculative aspects of the brand you want to promote in association with commercial transactions. It is therefore very important to put into consideration some of the above basic check-lists before you make that far-reaching decision.


E – Commerce — Friend or Foe to Wholesale Distribution

Are you going to sell your product or services? Thinking about selling over the Internet? Don’t know how to start? Then, I’m here to explain you what exactly the E-commerce business is and why it’s the best way for business online. Just keep your eyes moving through this!

When it comes to E-Commerce, you have still many things to be known about its amazing features.E-commerce or electronic commerce, is just real-world commerce verses online commerce. It facilitates the consumers to electronically trade their products and services with no barriers of distance and time. Electronic commerce has spread like wildfire over the past few years and is expected to go on at this rate or even more. The day is not so far when there will be no existence of conventional business across the globe!

Once you make your mind to business whether it’s about products or services, you need to figure out the best way to initiate this. If you ever think about the E-commerce business for a while, then just stop there and get ready to start right away! You may get mixed-up with online business and E-commerce terms. The truth is that they are not any different methodologies; it’s just like the synonyms. Anyway, you need to devise a perfect business plan regarding the promotion of your services or products. Most of the people have a wrong notion that it only needs to open a website and then put something for sale. If you have already thought like that and going to ask me is it right or wrong? Then, my answer is a big No! Knowing the meaning of E-commerce is not enough. There are still many things to be known before for launching your business.

After devising your plans, you need to start right away. There are quite a few steps that you need to be done. Here, we go:


  • Complete registration for a domain name
  • Decide on an E-commerce shopping cart program to promote sales and collect your revenues
  • Designing of your website and a unique logo
  • If you want to accept payment in credit cards, then you have to open a merchant account
  • At the end, you have to launch your advertising campaign along with web promotion plans


However, you must need a trusted system to track back all of your business records along with the transaction history. As there are lots of E-commerce software available in the market, there is no need to hassle around. Before going to purchase any software, you need to list the tasks that you want to perform by the software. You should go for the software that can easily track back the records of your online sales, inventory, marketing, promotions and advertising as well.

You need to be assured that your software can execute an excellent shopping cart program without any hitch. It will be better to find something that can automatically work out all your shipping and payments. Without better understanding regarding the features of E-commerce software, it will be quite impossible for you to purchase effective software for your E-commerce business.

You have to decide how you will follow-up an order, what short of information you want to keep track of. Most importantly, you must need to keep in touch with your business and should be available by 24/7 to your valuable clients. If it’s automated, then you can get the job done with an ease. Zilch Pay In Installments

Though getting started with an E-commerce business does require a good business planning, but the best thing is that you can easily have all the resources that you need. Don’t forget to do research before making any substantial purchases.

If you can follow these, then I can guarantee you that your dream will never come to a sudden death. So, why are waiting for? Let’s just roll!

Hi! I’m an undergraduate of Electronics & Communication Engineering. Besides this, I’m a freelance writer. Writing is my passion. I would like to write on various niches and an expert in technical writings. I’m looking for some one whom I can work with. If you like my work, then I will be glad.

The Untold Factors Behind E-Commerce Business Failures

India is a land of opportunities and this has been proven once again with the steadfast and quick success of the e-commerce sector here. Within a sports span of time, it has gained so much of popularity and it is one of the most common and popular sectors in India. It has changed the very face of commerce and economy.

India’s tremendous potential for e-commerce was first noticed by eBay giant and it entered the Indian chapter in 2004. It was an instant success and changed the whole course of the business arena in this country. Three years before that Flipkart has entered the arena but it was confined as an online bookseller and hasn’t ventured into the common marketplace on the World Wide Web. It took eBay to bring about a change to this and today there are a lot of companies with huge bank balances and net worth. Flipkart and are two of the most successful and household names on the business front as of now.

And all this was possible because of the internet accessibility in our country. As of now India has 94 million broadband users and an internet-connected population is as close to 300 million. And also the ease of shopping made e-commerce the most favorite way of shopping. Also the fact that India stands in the top five countries is a fact that can’t be overlooked.

Another important aspect that cannot be overlooked is the short distance between buyers and sellers. Early days one had to go search for things and if lucky enough will find the good quality or desired ones. And today, everything is readily available at the tip of your fingers. This too has made e-commerce sector an instant success in a country like India where we are very keen on finding an easy way out.

One of the important attributes of online e-commerce platforms is that it gave an opportunity to local artisans and sellers to take up their products to national and even to international levels. They now find buyers in not only their local areas but also in other factions too. This certainly has helped them enormously in expanding their businesses and also in boosting the financial status. So in every aspect, e-commerce is a total win-win for both sellers and buyers. The sellers can sell their products to buyers from other areas and that the buyers get good quality products. In this case, both the parties are benefitted.

IT companies have a lot to benefit from this type of commerce enterprise. As everything is done through web and computers it is a known fact that IT field plays a tremendous role in the upbringing and maintenance of this sector. A lot of programming and availability in search engines and search engine optimizations etc are required. This all can be made possible only by the help of IT professionals and IT companies offering such a workforce. A huge amount of employment opportunities is also open in the IT sector from the time e-commerce was first established in India.

And also in the upcoming years, e-commerce sector is yet again is set to make tremendous changes as it has evolved so much through the years. With an ever increasing internet users and competitive market, it is bound to happen. Taking the history of e-commerce in India one can be sure it is here to make its stand for a very long time as it is easy, hassle free, durable and conventional. Zilch Buy Now Pay Later

An easy and downright way of improving the e-commerce sector more useful in Indian industry and retailers is to concentrate more on Indian products and Indian origin companies. It’s a common knowledge that big giants like eBay and Alibaba has huge influence and stand in India’s industry. If we can concentrate more on our factions like Flipkart, Myntra etc it will be more beneficial, as well as it, will boost to our country’s growth and GDP.

On the other hand, one can dare say that the e-commerce sector has boosted the country’s economy and gross domestic growth. It has changed the very rhetorical concept of business. It proved that sometimes it convenient and an absolute necessity to change from old-school to new-school even when it comes to the business sector. After all, change is something that is inevitable.


The 7 Characteristics of Social Commerce

Introduction: M-Commerce, or mobile commerce, is a part of E-Commerce. M-Commerce basically means that use of wireless handheld devices for having the trade or we can simply say that M-Commerce is the wireless web technology i.e. the technology enabling users to access digital information from the internet using wireless mobile computing devices or simply wireless handheld devices. With the help of these wireless devices, we can buy and sell different products and services throughout the world whenever and wherever we want. These devices have abridged the distance between the consumers and suppliers. We can assume that M-Commerce is the child of E-Commerce with more technology.

M-Commerce is also known as next generation’s E-Commerce. Now, this statement clearly explains us the importance of M-Commerce and we get assured that M-Commerce is the blessing for everyone in this modern era where each and everyone needs fast and reliable access to internet round the clock (24 by 7).

Following are the some main kinds of Wireless Handheld Devices that are helpful for M-Commerce:

1. Palmtops/Notebooks: The most common example is Sun Ray.

2. Smart Phones (WAP): The most common example is Nokia 8390.

3. GPRS enabled Cell Phones: The most common example is Nokia 6233.

4. Video Game Consoles: The most common example is MS Xbox.

5. Personal Digital Assistants (PDAs): The most common example is Palm i705.

6. Wireless E-Mail Handheld Devices: The most common example is BlackBerry.

7. TV Internet Receivers: The most common example is MSNTV.

*(Beside these, there are number of other wireless handheld devices too, but these are the ones that are commonly used.)

Basically, M-Commerce is the part of E-Commerce but E-Commerce is limited only in those areas where we have internet connectivity. But M-Commerce, as we can see from its name, can be used anywhere. These wireless handheld devices can be connected to the internet through satellite and other means anywhere and at anytime. As it is stated that M-Commerce is mostly connected through the satellite, we can, therefore, also have video and audio conferencing by the help of the devices used for the M-Commerce. In E-Commerce, we too can have video and audio conferences but unlike that of M-Commerce, we do need to have the internet connectivity, which is not possible everywhere. This means that if we are at a place where we do not have access to the internet, so we can not do anything. M-Commerce has become blessing for the people in many ways. As content delivery over wireless devices becomes faster, reliable, more secure, and scalable, there is wide speculation that M-Commerce will surpass wire line E-Commerce as the method of choice for digital commerce transactions. Both Business to Business (B 2 B) and Business to Consumer (B 2 C) E-Commerce transactions can take place using M-Commerce technology.

Some major challenges of M-Commerce: Beside the fact that M-Commerce is a blessing for everyone in this generation, like all others things, there are some limitations and challenges to it as well. Although, these challenges and limitations can easily be changed into blessings, but still these are limitations for many of its users. These challenges are mentioned below:

1. The keyboards and screens are tiny and awkward for a new user to use. In fact, only a part of the screen is visible at a time on these devices. Zilch Buy Now Pay Later No Credit Check

2. Sometimes, the data transferring speeds on existing wireless networks is slow.

3. Each second waiting for data to download costs the customer money. Therefore, it is too much expensive to use.

4. Most wireless handheld devices have limited memory and power supply i.e. the memory is only extendable to a small extent while these devices are mostly used on battery which may need to be charged quite often.

These limitations and challenges may become a disgrace to the user but still these can not be avoided in any case and the user has to bare these any how.

Some Major Differences between E-Commerce & M-Commerce:

1. M-Commerce keeps us in touch with the world wirelessly by the help of satellites no matter where ever we are but E-Commerce usually does not do that. It normally needs to be connected to internet by the help of wires.

2. M-Commerce is always reliable and easy to access as compared to E-Commerce.

3. Wireless Handheld devices are easy to carry anywhere because of very low weight.

Conclusion: We can finally conclude that M-Commerce is basically a blessing for everyone. No matter, it too has some limitations and challenges, one can not deny from the importance of M-Commerce that has abridged the gaps between everyone especially for the trade and business.


Musings on the Complicated Entrepreneur

An entrepreneur does many magnificent things. In fact, many people are astonished with how the mind of an entrepreneur’s works. How does an entrepreneur become successful? And most importantly, do you want to be a successful entrepreneur also?

An effective entrepreneur should have great ideas. You have to research if your business idea is realistic. After gathering all the needed information, you can now decide if you will pursue the business idea or simply file it and do it in the future. For instance, you decide to pursue the idea. The next thing that you would have to focus on is generating the capital needed.

The projects undertaken by entrepreneurs are done in a very careful manner. Demand research is a very important aspect to determine if a business is feasible or not. Saturated and established markets are a big no for entrepreneurs because their aim is to earn more money. With this kind of market, the business that they are about to put up is suicidal because of the extreme competition.

If you want to become a successful entrepreneur, you have to work on some concepts such as ROI or return on investment, compounding capital, economy of scale, speed of business returns, and many others.

You can’t work your way to success if you don’t know these concepts. So you have to study and continue your acquisition of knowledge. If you can study a business related course, do so. Having the proper educational background, not necessarily formative schooling, will help  Miki Agrawal you a lot in succeeding in the business world.

According to many expert entrepreneurs, education is not enough. As an entrepreneur, you must have the right attitude and qualities. Now what are these attitudes and qualities? Firstly, you have to be diligent. You have to be willing to work many hours of the day or night especially if you’re a beginner.

Almost eighty percent of your time will be allotted for encouraging customers or subscribers. In the case of an internet business, you have to attract a lot of traffic to your site otherwise, your business will fail.

Entrepreneurs are risk takers. This does not mean that entrepreneurs enter the market with their eyes closed hoping for success. Entrepreneurs are willing to pursue a risky course of action, especially if after a careful analysis; they can see high opportunities for success.

Not many individuals are willing to take risks because they are fear failing. An entrepreneur learns a lot from past failures. It’s all part of life and so you should not be scared.

“I have not failed. I’ve just found 10,000 ways that won’t work”. — Thomas Edison
You should be organized and know how to deal with diverse types of people. If you can build good will and you can win the trust of your customers and subscribers, your business will undoubtedly succeed.

If you have these qualities, then you’re on your way to sbobet88 becoming a successful entrepreneur. You can choose between online internet businesses or you can start by putting up a business in your local area. If you choose the second option, you would have to study your local market and make sure that there is a need for your business.

If after awhile you feel that it is time to expand, you may do so because you will earn more profit from it. The first option is often the most chosen at this point in time because there are many opportunities waiting for entrepreneurs online. Choose now.


Identifying the Entrepreneur’s Traits

Successful Entrepreneur Traits are often overlooked by many would be business owners. People often wonder why they are not successful, when other, seemingly “less intelligent” people have tons of success in both their personal and business lives.

Successful entrepreneurs often have things in common with one another, so it isn’t rocket science to determine which traits are common to the success of these gifted people.

Let’s Discuss 10 Entrepreneur Traits for Success


    1. Let’s look at the 3 P’s: Passion, Perseverance, and Persistence. Basically, you have to love what you are doing or won’t be successful at it. If you don’t love it, you’ll quit, so you need to keep working on your goals even when times are SUPER HARD and looking dismal. You need to be persistent. If you are persistent, you will inevitably PERSEVERE. Which is the goal.
    1. Great entrepreneurs have Empathy for fellow man. They understand the struggles of up and coming entrepreneurs, and they are usually willing to help others accomplish their goals through mentoring. I love this aspect of Network Marketing by the way…makes me feel all warm and fuzzy inside.
    1. Another good entrepreneur trait is a sense of fairness. Often times, entrepreneurs believe in Karma in one form or another (what goes around comes around, etc), and just like they don’t want to be screwed over, they tend to avoid screwing over others.
    1. Integrity. Gotta have it, and good entrepreneurs do. This goes along with number 3, and is one of the most important, if not the most important entrepreneur trait in the list.
    1. Successful entrepreneurs are hard working. The good ones work SMART too, utilizing leverage to maximize their efforts. The more work they put into it, the more it multiplies exponentially with leverage.
    1. Willingness to Learn. Good entrepreneurs never stop learning. This entrepreneur trait is vital to your success. They also concede to others who know more about a subject than they do, and learn from it. Make mistakes and learn from those too!
    1. Entrepreneur Trait 7 is being a good Listener. You can’t learn anything if you are talking, bottom line. By listening, you help others to open up and this helps  Miki Agrawal you to be a better coach.
    1. Vision. Wow…I can’t say enough about this. Visualizing your end goal is 100% Necessary to your success. No success without visualizing your goals and dreams. Write them down, and read them daily.
    1. Personal Development. An entrepreneur traits list would not be complete without personal development. Odds are, you weren’t born perfect. There are literally thousands of books out there on Personal Development, and I suggest you start reading. Download my free book, Daily Steps 2 Success, and see the recommended reading list I have in there. The book is on my website.

The Most Powerful of all Entrepreneur Traits

  1. Building a Network. This could be a network of people, salesmen, dealers/distributors, railroads, or just a network of good business contacts with these same traits. The most successful and wealthiest people in the world ALL have a network. Network marketing is based and founded on this principle which utilizes leverage to the MAX.


Well guys, there you have it. My top 10 list of Successful Entrepreneur Traits.

Jeff Sokol is an entrepreneur who has developed several dynamic brick and mortar corporations, while starting from his own home based business in 1999. Get Jeff’s new MLM Training [] book, Daily Steps 2 Success from his website, available as a direct download.

New Age Entrepreneur – Overcome These 6 Obstacles

Have you ever wondered if you have what it takes to be a successful entrepreneur? There are certain key traits that most, if not all successful entrepreneurs have in common. The good thing is, you don’t have to be born with them. You can develop these traits.

So, if after you read this list, you find you are lacking in one, two or a few of the areas, it’s OK. Now you know what you have to work on.

And if you have been trying to start your own business but it hasn’t been going well, look through the list to see what you’re lacking.

OK, here we go- these are the ten most common traits that successful entrepreneurs have in common:

1. Discipline

Entrepreneurs are focused on making their businesses work. They eliminate things in their lives that are a distraction to getting to their goals. They are planners. They create strategies and implement tactics to progress their business. Successful entrepreneurs are disciplined enough to take steps every day toward the achievement of their goals.

2. Confidence

Entrepreneur does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed. They exude that confidence in everything they do.

Even if they are not sure, they tell themselves over and over again that they will succeed. They focus on winning, not worry.

3. Open Minded

Entrepreneurs realize that every event and situation is a business opportunity. They are constantly generating ideas about workflows and efficiency, people skills and potential new businesses. They have the ability to look at everything around them and focus it toward their goals.

They are innovative in spirit, knowing that every experience they encounter has opportunity to spark creative innovation for their business. Knowing this, they get out, seeking knowledge and networking opportunities regularly.

4. Self Starter

Entrepreneurs know that if something needs to get done, they should start it themselves. The live by the motto, “if it’s going to be, it’s up to me.” And, once they get it started, they delegate.

Entrepreneurs do not wait for permission or for the “time to be right.” They get out of bed thinking about what needs to get done and they start doing it.

5. Competitive

Entrepreneurs do not like to lose and they look to find a way to win in almost everything they do. They do not cheat or lie but they don’t like to lose. It hurts, and sometimes, for a short time it immobilizes them. They want to be better than the next person, and will take the necessary steps to get there.

Entrepreneurs have the fire in the belly to be the best at what they do.

6. Creativity

One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs spend time thinking with an open mind about “what if.”

They are dreamers, at times, lost in the clouds but when they come back to earth, they are usually brining with them ideas that are solutions for company challenges, new products, new markets, etc.

7. Determination

When knocked down, entrepreneurs get back up. They look at defeat as an opportunity for success. They are determined to make all of their actions successful, so try and try again until they are.

When an idea is sound and a market available, the entrepreneur does not give up until he has succeeded.

As Ben Affleck said when accepting his Oscar for Best Producer, “It’s not how low you’ve been knocked down. It only matters that you get back up.” Miki Agrawal

8. Sales Skills

The effective entrepreneur trains himself to be good at selling. Some people are born with innate sales skills. Most individuals are not, and have to work on improving them. Successful entrepreneurs continuously learn the art of selling, for they are the number one seller of their product or service.

9. Strong work ethic

The successful entrepreneur will often be the first person to arrive at the office and the last one to leave. They will come in on their days off to make sure that an outcome meets their expectations. Their mind is constantly on their work, whether they are in or out of the workplace.

This is because they are passionate about their product or service, so much so that work does not feel like work. Rather, it feels like the essence of a fulfilled life.

10. Different

Entrepreneurs know that in order to compete in their marketplace, they need to be different. They don’t look at an idea and think, “I can create that too.” They think, “I can make that better and I can make that different.”


Women Entrepreneurs – 5 Fatal Errors to Avoid When Starting a Business

Successful entrepreneurs are distinctly different from individuals who just want a job. There are critical differences that you need to be aware of before you decide to quit your job and start your own business. Many times people think a business is a solution being unemployed. The truth is, 90% of businesses fail in the first five years and 90% of the 10% fail in ten years.

The reason for this failure is that we are not taught the qualities and given the knowledge needed to be successful entrepreneurs. We are trained to be employees so we can earn money for someone else. That makes you think doesn’t it? Every hour you put in a job is putting more money than you make in someone else’s pocket. Whose pocket, you ask? The successful entrepreneur.

So, why are successful entrepreneurs successful business owners? The answer is they have a totally different mindset toward security and money. They really don’t worry about themselves or their families. I know that sounds bad, but it is the truth. They are fixated on the idea that will become a business. I know this to be true because I am the same way. My poor husband is an orphan most of the time because I can’t think of anything else but how to grow my business, or start a business, etc. I was not aware of this until I read a description of a typical entrepreneur and the impact their activities have on their families and friends. It takes a conscious effort to make sure their is a balance in my life because I would rather be playing with my creation and learning new things.

Okay, now if that did not scare you let’s look at typical qualities of an entrepreneur.

Entrepreneurs are:

1. Driven and Not Afraid to Take a Risk

A true entrepreneur sees an opportunity to create something and has the perception that the opportunity is going to be very successful. They do not necessarily think of things in terms of being rich. The pay off is seeing an idea grow into a viable business or taking an existing business and improving its performance. It is not uncommon for an entrepreneur to sell a business after it is successful because they do not have a desire to manage it and want to create another business. Or, they hire employees to manage it for them and move on to the next idea.

2. Tenacious

Entrepreneurs are tenacious and do not quit easily. They are constantly high on the thrill they get from seeing their idea become a reality and a huge success. They may be worried about income, etc., but push on knowing that everything will work out in the end and a business will be born. Their obstinate, focused manner drives them on because they can taste, feel, and see the final results.

3. Problem Solvers

Entrepreneurs are problem solvers. They are most effective when they are solving a problem with a team. They understand their limitations and seek outside talent to enable the solutions to be implemented. Entrepreneurs love to have someone else do the job for them while they continue to move forward with their vision.

4. Fearless

Entrepreneurs are not afraid to beg, borrow and steal (not really) the money required to bring their idea into fruition. The idea is a mistress and nothing is spared if it means the idea is being satisfied. They do not worry about security, health insurance, where the next $ is coming from because they KNOW this is the right thing to do.

5. Able to Manage Diversity

An entrepreneur is capable of juggling a million tasks at one time or makes sure he/she has hired or cajoled someone into juggling for them. Entrepreneurs are masters at manipulation. They can sell an idea to anyone talk them into being part of the team and make sure the idea becomes a reality.

6. Curious

Entrepreneurs are perpetual students. They are intrigued by concepts and better ways to do things and are constantly going to seminars to learn something new that can be applied to a business to make it better.

Bottom line, entrepreneurs have a desire for freedom, wealth, to make their own rules, to be responsible for the results of their activities, find a problem and turn it into a business, and to make a difference in the world. Their idea of fun is the creation of a successful business.

Take this short quiz and see if you have the traits of a successful entrepreneur:

1. Are you willing to spend all of your time birthing a business

2. Are you unemployable because you like to think and aren’t afraid to give your opinion

3. Are you prepared, if needed, to lower your standard of living until your business becomes profitable

4. Will your family and friends understand why you won’t go to parties, movies, events that appear to be in the way of your success Miki Agrawal

5. Have you owned other businesses and still feel driven to try again.

If your answer is yes to these questions you have a good chance of success. The key qualities are no fear, trust, focus and drive.

Listen to your gut and ask yourself: “Am I really ready to give up the secure life as I know it?” If you are, go for it.

Victoria Delaney is a Mechanical Engineer by training, has 30 years of experience as a small business entrepreneur and an employee. She is taking the brick and mortar experience and transferring it to the internet. Her businesses ranged from owning a swimming pool company, two multi-level marketing businesses, a business quality management system consulting and coaching company.

Victoria is a visionary and always sees the big picture. She is interested in travel, business systems, internet marketing and is a seasoned real estate investor. Her focus right now is helping other small business entrepreneurs implement their dreams.