THE BEST ENTREPRENUER ARTICLES

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Do You Want To Be A Minipreneur?
Behavior & Motivation
Team Building - Your singlemost important driver for success
A Study of Life-Situation Antecedence, Personality and Motivational Patterns of Small Scale Women Entrepreneurs
 
 
 
 

Do You Want To Be A Minipreneur?

by Steve Seah

Most of us find ourselves trapped in nine to five jobs and even though the desire to do something worthwhile exists but job security and several other such considerations stop us from taking the one step that could change our future forever. And that makes me come to the topic of minipreneur. Who is a minipreneur?

Well minipreneur is our entrepreneur but with a little difference. If you find that you are not in a position to leave your job, you can start some work in your part time without actually quitting your job. And that would make you a minipreneur. Minipreneur is anyone who starts with a small idea but with a vision that could take him to the highest platform of success.

The best thing about minipreneur is that you don't exactly need to spend all your time at it, in the beginning. After all, you must have liabilities with you and you could not risk it all. So, the best course of action would be to initiate some business in your part time and continue with your job. And the moment you feel your part time business has grown enough to occupy you full time, you can quit your job and start concentrating fully on your business.

And if you are still skeptic about what I am telling you, why not have a look at some statistics that voice the same opinion that minipreneurship is in.

1) Surveys reveal that over seven hundred and fifty thousand American Citizens are getting their primary and secondary source of income from eBay. And what is more over one and a half million persons claim that they augment their income by selling on eBay.

2) About fifty thousand people in the United Kingdom draw a large portion of their income by selling goods online.

3) There are over five million "Web Driven Entrepreneurs" that we call netpreneurs, in the United States. This accounts for about twenty five percent of all small businesses.

Now the next pertinent question must be about the cause of this boom in their numbers.

1) The revolutionary penetration of internet into our households have made ordinary people like you and me realize that money could also be made by engaging in a bit of manufacturing, enterprising, venturing, selling, trading, and auctioning. The opportunities are infinite on the net. The only thing needed is your sincere effort.

2) Being a minipreneur gives you control, independence, and charge of your destiny and that is what all of us want. Who doesn't want to be one's own boss and earn money too?

3) And one of the most motivating factors is that minipreneurship is in. It's the new rage in the world of internet. And it doesn't matter how small you have started. You can think big and you can achieve big. You can achieve big by starting small. Be a Minipreneur.

4) Another reason is the risk involved. Yes, the risk involved is very less as compared to slugging it out at some other job. What you must understand is that you need to provide customers with more choice and more variety. You need to find products or services that are different or that are special or that are vintage or customized or something that no big corporation could develop because of profitability concerns. One such product and you have made it!

It is true that talking about minipreneur is really simple but the real work needs to be done to achieve success. And that would involve determination, hard work and out of the box thinking. Once you do that, well you are on your way!

About Author

Steve Seah, a Singaporean Chinese studying entrepreneurship. Wants to share his understanding about entrepreneurship and strategy of wealth creations with the world. To know more about his work visit: http://www.mywealthcreationstrategy.com and/or http://www.entrepreneur2b.com

 

Behavior & Motivation

by Danny Wood

To understand the concept of motivation, you must first understand what prompts people to act. Many theories about and approaches to motivation have evolved. One of the more recent approaches is content theories.

Content theories emphasize the needs that motivate people. People have basic needs such as food, achievement, or monetary reward. Managers who understand the basis of human need are better able to design reward systems that effectively meet those needs and motivate employees to superior performance.

One of the best known content theories was developed by Abraham Maslow. Maslow?s Hierarchy of Needs theory states that humans are motivated by many needs, and that these needs exist in a hierarchical order. The lower needs take priority and must be satisfied before higher needs can be met. Once basic needs are fulfilled, a person may focus on meeting the next higher need.

Maslow identified five general types of motivating needs in order of ascendance:

Physiological needs.

These are the most basic human physical needs, including food, water, clothing, and sex. In the context of work, these equate to needing a salary to pay for basic living needs.

Safety needs.

These are the needs for a safe, secure physical and emotional environment. For an employer, this would mean providing fringe benefits, freedom from violence, and job security.

Belongingness needs.

These needs reflect a person?s desire to be accepted by one?s peers, have friendships, be part of a group, and be loved. These would influence an employee?s desire for teamwork, participation with co-workers, and a positive relationship with supervisors.

Esteem needs.

These needs relate to the desire to have a positive self-image and receive attention, recognition, and appreciation from others. Esteem needs are evident when employees are motivated by recognition, increases in responsibility, and high status.

Self-actualization needs.

These represent a person?s need for self-fulfillment --- developing one?s full potential, increasing competency, becoming a better person --- which is the highest need category. An organization can help employees meet these needs by giving them opportunities to grow, be creative, and acquire training for improvement.

Though the theory is sometimes faulted for its strict sequencing of needs, it nevertheless provides an excellent framework for understanding possible motivators for your employees. For instance, studies on motivation in the workplace have established that those who have achieved the lower order needs are not so much motivated by money as by power and prestige. Money may be the measure of that, but not the focus of need.

Another content theory of motivation was developed by Frederick Herzberg. Herzberg believed that two separate dimensions contribute to an employee?s behavior at work: intrinsic factors (satisfiers) and extrinsic factors (dissatisfiers).

Satisfiers are the intrinsic factors of a person?s work experience that provide positive motivation. Satisfiers relate to opportunities for advancement, the work itself, responsibility, challenge and personal growth. They tend to deal with the higher order needs of people. You should provide challenging and responsible work to keep your employees motivated.

Dissatisfiers are the extrinsic aspects of the job such as working conditions, pay, company policies, job security, and interpersonal relationships. Dissatisfiers can only lead to job dissatisfaction. When they are poor, work is dissatisfying. When these factors are good, motivation is not increased; the dissatisfaction is only removed. When noise levels are high and work conditions unsafe, workers will be dissatisfied. But removing or correcting these conditions will not motivate or satisfy employees.

To achieve greater joy satisfaction, you need to recognize and remove extrinsic factors that fail to meet basic needs while providing work experiences that maximize intrinsic factors.

About Author

Danny Wood, an affiliate of the Sandler Sales Institute, is one of New Jersey?s most respected sales force development experts. His work has been recognized by business leaders and corporate managers for providing their people with the aptitude to realize millions of dollars in additional business that would otherwise have never materialized or would have been lost to competitors.

 

Team Building - Your singlemost important driver for success

by Sudha Jamthe

Your team defines your survival and success of your company and dreams!

So, your first goal should be to motivate and hire your core team.

The early startup days process:

You need to think execution, and build out your team. Assign responsibilities so that youcan focus outwards on investors, partners and customers who will buy into your vision. Think what all skills you need. You can do many things, most are not as exciting as some others u'd like to do, many are waste of your time if you can find the rest person to do it. So make a list of what skills your company needs and what all you have in your team/people involved. Then, youu can look for more people and bring them in as a parallel process.
But most important is to expand your core team with people who can grow your company and offer alternative skills and perspective t yours. Its likely this is a person who has worked with you or knows you well and your styles complement each other.

Difference from traditional team-building in a company:

If you are like me and have worked in a large company, youare pretty spoilt.
The main difference is the motivation style in a startup. You want people who take ownership in their jobs and are proud to be part of the vision. Its amazing when yohave the right team, the enery flow is so intoxicating!

Your experience level and hiring your team as startup Founder/CEO:


I thought I was in management in my corporate jobs till I really moved to senior management roles in 1999.
The key difference is this. You are in middle management if you think of your team as people u can delegate work and you manage them. In companies you have lots of perks and jargons to keep this game alive.
When you are in senior management, your butt is on fire for delivering something that you have to figure out a way to get done and keep finding such projects and results with a big picture as your goal, mostly your bottomline, unless you are in too cosy a job that doesn't track it and lets you get away from it.

As a startup CEO, founder, you are in senior management even before you start. Your bottomline is survival and success. So you need to expand your core team to complementt your skillset and grow your company leaving you to do well, what you are good at.


About Author

Sudha Jamthe

 

A Study of Life-Situation Antecedence, Personality and Motivational Patterns of Small Scale Women Entrepreneurs

by Dr. T. J. Kamalanabhan and Dr. V. Vijaya

This research study focused on the psychological aspects of the entrepreneurial intention of small-scale women entrepreneurs in the manufacturing, trading and service sectors. The variables studied were life situation antecedence, personality, entrepreneurial motivation and business related variables. The tools used for the study were life situation antecedence scale, personality questionnaire and entrepreneurial motivation scale. Three hundred women entrepreneurs from manufacturing, trading and service sectors and two hundred non-entrepreneurs from supervisory and clerical cadres from India participated in this study. Univariate and multivariate analyses were done to process the data. The results reveal that there are significant contributions of life situation antecedence, personality and business related variables in contributing to entrepreneurial intention in small-scale women entrepreneurs. The women entrepreneurs have been found to have lower psychological support, poorer work condition and lesser competence compared to women non-entrepreneurs in life situation antecedence. Certain life situation antecedence variables, personality variables and motivational factors were found to explain differences in the entrepreneurial intention of women entrepreneurs in the manufacturing, trading and service sectors.

For more information, visit http://www.managementjournals.com


About Author

Dr. T. J. Kamalanabhan
Professor
Department of Management Studies
Indian Institute of Technology, Madras, India.

Dr. V. Vijaya
Assistant Professor
Manipal Institute of Management
Bangalore, India.

 
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