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7 Signs of an Entrepreneur

(Do you have the right personality type to successfully run your own business? )

It takes an entrepreneurial fire in your belly to (http://www.microsoft.com/india/smallbusiness/-start a business) and make it succeed. Not everyone has it.

How do you know if you have what it takes to start a business? There's really no way to know for sure. But I do find things in common among the emotional and family fabric of people ready to consider an entrepreneurial venture.

You don't have to fit all seven of these categories to be a good candidate for entrepreneurship. But it probably wouldn't hurt. In general, the more you have in common with these characteristics, the closer you probably are to being ready to try going out on your own.

1. You come from a line of people who couldn't work for someone else. I don't mean that in a negative way. People who are successful at establishing their own business tend to have had parents who worked for themselves. It's usually easier to get a job with a company than to start your own business; people who strike out on their own often have the direct example of a parent to look to.

2.You're a lousy employee. No need to sugar-coat this one. People who start their own businesses tend to have been fired from or quit more than one job. I'm not saying you were laid off for lack of work or moved from one job to a better-paying one. You were asked to leave, or you quit before they could fire you. Think of it as the marketplace telling you that the only person who can effectively motivate and manage you is yourself.

3.You see more than one definition of "job security." I am truly envious of the few people I know who have stayed with one employer for 25 or 30 years. They look very secure. But how many people do you know who are able to stay with one company for that long? In a rapidly changing economy, job security can be frighteningly fleeting.

4. You've gone as far as you can go, or you're not going anywhere at all. Sometimes the motivation to start a new venture comes from having reached the top of the pile where you are, looking around, and saying, "(http://www.microsoft.com/india/smallbusiness/howtoguides.mspx-What's next)?" Early success can be wonderful, but early retirement can sometimes drive energetic and motivated people totally crazy.

5. You've done the market research already. Don't even talk to me about your great business idea if you haven't put the time into figuring out if there's a market for your product or service. As the people behind any number of failed Internet ventures will tell you, "cool" doesn't necessarily translate into "profitable." Don't bother building it if you haven't figured out whether there's a good chance the customers will come.

6. You've got the support of your family. (http://www.microsoft.com/india/smallbusiness/partners.mspx-Starting a business) is stressful under the best of circumstances. Trying to do it without the support of your spouse or other significant family members or friends would probably be unbearable.

7. You know you cannot do it alone. You might excel at promoting a business. Maybe you love running the financial end of the enterprise. You could be someone who starts a business because you have unique creative or technical know-how to create a product.

Any of the above is possible, but it's unlikely that you are going to excel at all of these tasks — or at all of the tasks involved in running any business. Forget all that doing it alone stuff. You are going to need some help sometime.

The willingness to get that help — having employees, partners or consultants for those areas in which you are not an expert — is one indicator of likely future success. "No successful entrepreneur has ever succeeded alone," development consultant Ernesto Sirolli writes in "Ripples From the Zambezi." "The person who is most capable of enlisting the support of others is the most likely to succeed."

The Joys of an Automated System

The main benefit of having a turn key online business is automation. An automated system means everything is set in motion to sell before the customers ever arrive at your website. Customer service is automated with follow-up emails, phone answering services, and sign-up forms. Payments are automated through online processing. Even many of the products or services received are automated so you won't have to worry about these factors while running your business.

A turn key, automated home based business gives you the opportunity to meet and invite new people to join without traditional network marketing methods. You don't have to recruit at the local supermarket or while dining out. You don't have to hold meetings in a local hotel conference room or go door-to-door looking for new customers. With a turn key website, your promotional efforts will be mainly online or through email. You can do it all from home!

Virtualization Technology

Virtualization Technology is no more than a set of enhancements made to processors to make them carry out multitasking in a much more efficient manner with the least investment required. This ‘virtualization technology' is a process that has ushered in a lot of change in to the IT industry and is saving a lot of businesses a lot of money and time. Virtualization technology enhances the efficiency of the hardware resources installed in a server and drastically improves the traditional software based virtualization technology solutions.

Virtualization technology enhances the servers with features that provide virtualization techniques an upper-hand and the ability to offload a lot of the work load onto the server's hardware allowing the server to run more efficiently in the virtual environment thus improving the over all efficiency of the system.

Virtualization Technology Enhanced by Leaders in the Field

Virtualization technology is enhanced further by renowned IT companies such as Intel and permit a server or software platform to run a number of operating systems along with a number of applications simultaneously. These programs and operating systems are run independently using the same set of hardware resources, such as hard disk space, random access memory and CPU capacity. With the advancement of virtualization technology it is possible for one machine to perform multiple functions simultaneously, virtually like multiple systems.

Virtualization Technology; a Boon to Server Administrators

Virtualization technology has been in the development pipeline for the past few years and has emerged as a very compelling solution to be used with any server platforms. Virtualization technology is the answer to server administrators and managers of data bases that require many servers to run simultaneously. These multiple servers, or server racks, eat into physical space and also send the electric bill sky high. Not to mention the frequent calls for the hardware engineer to set server faults right. With virtualization technology server administrators can concentrate many workloads onto one single server. The virtualization technology will allow this single server to simultaneously carry out the tasks of the multiple servers effortlessly.

Microsoft Or Not?

Friday was another repeat, this time from May 15, 2006. However, TCR does not want to leave you empty handed and is bringing you an article by one of our staff members, Paul. Although Paul is from the UK, he takes a keen interest in reading about Jim Cramer's Mad Money (and of course at the best JCMM site on the 'Net - The Cramer Report!) and hopes you will enjoy his insight into one of Jim's opinions.

Cramer is currently favouring a buy into Microsoft (MSFT), believing the bad times are behind and it's back on the up. An analysis of the share prices over the past few months shows that Microsoft is over its lowest points ($21.51) and gradually climbing (currently $24.40). One could argue that Cramer is right.

However, continued changes in Vista's release date, even if it means a more stable and secure Operating System will be released (or that is the theory). Microsoft's OS and webbrowser cycle is poor as it is:

* Windows XP was released in 2001

* Internet Explorer was released in 2001

Internet Explorer 7 is set for release in the first half of 2007 and Windows Vista is set for general release in the first quarter of 2007. Both products will offer many improvements and new features over the older versions but the reality is very little of it is new.

One feature to finally reach Internet Explorer is tabbed browser. To a non-technical person, who just uses what's supplied on their MS Windows desktop, this may seem new and exciting, however tabbed browser has been around since 1996 (although it was a feature in a non-public beta version of InternetWorks since 1994) and has been available in popular browsers such as Opera and MozillaFirefox for several years.

Microsoft won the first browser war but now it's coming to a battle in many areas. Product cycles are quicker for open source software such as OpenOffice.org, MozillaFirefox and MozillaThunderbird - new features, bug fixes, and security updates are released regularly. Due to the products' open source nature it is easier and cheaper to develop plugins and compatible applications.

On the operating system side, Microsoft has competition from Linux. Linux is now becoming more mature and is being adopted by governments

and educational institutes alike. Novell (NOVL) is investing a lot of money in Linux, having bought German company SuSE Linux GmbH in Janu

ary 2004.

One key area that they have invested a lot in over the past year is Xen, which is virtualisation software and allows multiple Operating Systems (Linux or Windows) to be run as guests on a single system (the host, which can be either Linux or Windows). This is one threat Microsoft has seen and responded to by improving its Virtual Server support offering and making it available for free. However, is this too little too late?

Xen's benefit is that it's open source, therefore bugs and security issues will be fixed quicker, possibly even before the problem is public knowledge, as the source code is visible for everyone to evaluate and test for insecurities. A quick response to bugs and security is critical in a business environment and an area Microsoft can not compete within due to its closed source nature.

Virtualisation is becoming a more important area due to the increasing costs for power. Fortunately, hardware is becoming more powerful, often more powerful than is actually required, so virtualisation is definitely for today as well as the future. Why invest in hardware for 6 servers when all 6 could run from within one operating system through virtualisation?

With Vista and Internet Explorer 7, Microsoft is trying to play catch-up, but the fact is it now has seriously tough competition. There is now a big take up of alternative browsers, office applications and operating systems. While the market change might be slow, it's definitely happening. I cannot see Microsoft being in the same market position in 10 years that it is now. Its market share will continue to evaporate.

The Bottom Line:

Microsoft is facing serious threats in the home, education and business desktop arena. It's facing threats in the business environment as a server (aside from as a webserver, where Linux/Unix is in the majority). Microsoft might hit a high when Vista is (finally) released, however Bill Gates stepping down in the way that he is does suggest to me that the bulk of the money has been made and it's now time to do something with it. The IT industry is often a "come today, gone tomorrow" so it's always difficult to choose which company to invest in, especially as the current trend is "over priced " when those companies that have managed to stick around decide to float themselves on the stock market. I won't advise you who to invest in, but I will say don't just look at the software/operating system area, also look at hardware and consultancy companies too. Big Blue, International Business Machines Corp (IBM), has been around for a long time and there will always be a demand for such companies.

Advertise Your Car

Whenever someone needs to sell a car, it can be a very stressful experience. It can be difficult to know how to go about trying to sell your car and the whole process can seem quite overwhelming. Advertising your car is the most crucial first step in selling any car. Without advertising, no one will even know that your car is even for sale. When advertising your car, two of the most common places to turn are the Autotrader magazine or by online car advertising.

By advertising your car in Autotrader, you will get an advertisement that will run for two weeks. This advertisement includes one small photo of the car as well as two hundred characters of text. There are many regional editions of the Autotrader and the owner of the car can choose which region they would like their advertisement to run in. Advertising in the Autotrader is fairly expensive though.

Although there are many advantages to advertising your car in the Autotrader, there are some disadvantages. The first being that you have limited circulation and a limited shelf life; you also only have two hundred characters to describe the car. This is not a lot and will cause you to have to cram as much information as you can into a very small space. Also, because you only get one picture, you need to make sure that you capture the total essence of your car in that one photo. This is most often impossible to do.

For these reasons, many people prefer to advertise their car online. There are many advantages to advertising your car this way. One of the biggest advantages in advertising your car online is that it’s significantly cheaper than advertising in print. This is because bandwidth and disk space are much cheaper than paper, ink, and magazine distribution. This makes for big savings that can be passed on to the seller.

The other advantage to advertising your car online is that there can be much more information included in the advertisement. Also when advertising your car online, you are usually allowed more than one picture in your advertisement. This can make a true portrayal of your car and can interest more buyers.  Also, on many sites you can advertise your car until sold for far less than you can advertise it for two weeks in a car magazine.

Advertising your car online allows for many more potential buyers to look at your ad. Because it’s online, anybody with an Internet connection will have access to the advertisement. This will mean that not only are more people looking at the ad but there will be potential for many more bids among interested buyers. This could mean getting a much better price for your car.

Another advantage to advertising your car online is that your ad will be up and running much more quickly than submitting it to a print magazine. The turnaround time between submitting an ad and seeing it run is generally much shorter. This means that it will be available for the public to view much more quickly as well. This could help get your car sold more quickly.

Is Sales Really a Numbers Game?

"And they are making sales. Ari, if the numbers game leads to sales, why should I change? Deep down, the old numbers game just feels wrong somehow... can you give me some insights so I can unlock myself from having to follow everyone else’s path?"

Interestingly enough, I had just gotten off the phone that morning with Harold Cameron and Ann Thurman, who have both been using the Unlock The Game Mastery Program. They shared with me how the idea of the numbers game has taken on a whole new meaning since they started using their new Mindset.

And they gave me actual, specific before-and-after numbers detailing the changes in their selling results. But they aren’t numbers in the way you think -- "more calls equal more sales."

In a minute, I'll let them tell you about their experiences in their own words, but first I want to say a little more about the mystique of the old "numbers game" and why most people who sell still think it’s the only way to go.

The whole idea of the old numbers game is that if you spend enough time "dialing for dollars" you're bound to make the occasional sale.

Then, when you do make a sale, you believe even more that the number of calls you make is the secret of success -- the more you call, the more sales you'll make. Everybody assumes that because the old numbers game works once in a while, it's the way to go.

In fact, almost every sales manager in corporate America uses the numbers game to measure their salespeople's success.

So if you're a sales manager or work for a sales manager, this article may come as a real shock.

The wakeup call here is that it isn't about how many sales you're making with the numbers game, but how many you're losing. Think about it.

When you're operating out of the old numbers game paradigm, how many leads do you burn through with every call you make? And how much time do you spend chasing and following up with prospects who will probably never buy?

From the Unlock The Game perspective, the old numbers game creates a dialing "rat race." You're trapped, making huge numbers of calls to reach that tiny percentage of prospects who will buy from you.

Well, here's what Ann and Harold have to say about the numbers game. And though they're in very different business environments, they've had similar experiences since they adopted the Mastery Program

Ann's Story

Ann Thurman recruits real estate agents for a residential real estate firm in the Seattle area. She had been dialing literally hundreds of prospects a day -- the essence of the old numbers game: "I was making 200 to 300 calls a day. It was taking 6 or 7 hours, and I was lucky to get 10 seconds of my script in before agents would hang up on me."

She said that in the first month that she began applying the Mindset, her call volume dropped by 80 percent. "But I was having actual dialogues with 50 to 60 people a day -- real conversations that would last several minutes," she said.

"And I didn't have one hang-up in my first 100 calls. Now I get very few hang-ups, and they aren't rude -- a lot of the time, people ask me to call them back. And when I do, we usually a conversation."

Ann said she used to set one appointment every 2 weeks. When she began using the Mindset, that increased to about 4 appointments a week, and she signed 2 agents in less than 3 weeks. She has also had more people call her back after initial conversations because they decided they wanted to talk about making a change.

"So I'm doing fewer calls, but my results are better," she said. "I'm finding that the Mindset language like 'That's not a problem' is really important because it lets the other person feel I’m not trying to control the conversation."

She concluded, "The Unlock The Game approach is definitely a more rational use of my time. The old approach is to pursue everyone because everyone's a potential buyer. So if you do this many calls, this many appointments, this many bookings, it'll turn into this many sales.

"And when it came to chasing and following up, I used to really try to pressure people. Now, if I know we aren't a good fit, I don't have to pursue them. I know when to walk away without feeling guilty. The old way was the 'quick kill' method versus the Mindset way of building a long-term relationship."

Harold's Story

Harold Cameron sells printing services for a long-established family-owned printing business in Pennsylvania. He told me, "My challenge is that most companies I call already have a printer they're very loyal to."

He said that since working with the Mastery Program, he too has been making fewer calls, but more quality calls. His ratio of being asked to send quotes has improved, too: "Before, out of every 100 calls, I probably would end up actually talking seriously to 20 people, and of those 2 or 3 would ask for quotes.

"Now, out of every 100 calls, I'm talking seriously with 60 to 70 people, and being asked for maybe 10 or 12 quotes."

The Mindset has also helped Harold to eliminate the old numbers game problem of "burning through leads."

For example, the vice president of a major computer manufacturer not only returned his call but also referred him to the person responsible for overseeing the corporation's print services.

So the Mindset is helping Harold to create long-term relationships.

Numbers Game vs. the New Mindset

Here are some of the ways that the Unlock The Game Mindset solves the problems caused by the old numbers game:

Old Numbers Game Vs New Selling Mindset

1. "Burning through calls" involves huge investments of time and energy to achieve a few "successes."

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When you focus on quality rather than quantity, every call is a chance to learn your prospect’s truth. So your calls are more thoughtful and efficient.

2. Numbers-game scripts "talk at" prospects and lead to rejection in all but a tiny percentage of calls.

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Starting calls with a focused problem statement makes it easy to create two-way dialogue.

3. Prospects know that they’re just a phone number to you and that you’re not interested in engaging them on a human level.

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Your attentiveness to your prospects’ concerns makes a real human connection possible.

4. The only goal is to move the sale forward, or to get a quick no so you can move on to the next call.

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The goal is to learn the truth and explore there’s a fit between your solution and your prospect’s problem or concern.

5. The numbers game can leave you feeling dissatisfied, frustrated, and rejected.

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When you’ve learned the truth, whether the answer is a yes or a no, rejection is impossible.

The mystique of the old numbers game is that you're bound to "hit" once in a while. But people who sell the old way never ask themselves how many opportunities they've lost in a day because they haven't gotten to the truth with their prospects.

If you're feeling guilty that you should be playing the old numbers game because your colleagues are making sales from it, consider this: All you’re seeing from them is how many sales they are making -- not how many sales they’re losing.

And consider that by refocusing your attention on the quality of each call versus the quantity of calls, you can experience new sales success you may never have thought possible.

And that’s where the opportunity lies for you.

The Mastery Program helps you find these opportunities by teaching you:

* Language that creates trust and truthful conversations

* How to eliminate pitches and other traditional "sales tactics"

* Ways to diffuse sales pressure and continue conversations

The Unlock The Game Mastery Program shows you how to debunk many other outdated sales myths that you may be unaware of -- but are losing you sales.

The Double A’s In Customer Service

A young lady contacted a mobile phone company she recently subscribed with. She had some questions about purchasing their latest mobile phone and couldn’t find the answers easily online. She decided to give her mobile phone company a call. Their phone menu was a pain to get through as expected. But after a few minutes of shouting and cursing at the phone menu and waiting on hold for 20 seconds, she was transferred to a human voice, finally!

She recounts another lady answered on the other line and she sounded very friendly and happy to talk to her. The customer care agent asked her how she was, even asked her about the weather and then asked how she could help her. The lady customer told the representative her purpose and asked some questions about the phone which she was planning to buy. The representative obviously knew majority of the answers, her replies were quite friendly. The customer service experience was good, she said.

Almost all of us have tried calling a customer service of a certain company once in our lives. We call them to ask assistance, directions, to complain or even inquire the schedule of the latest movie hit in town. Did you ever notice the way these customer service people speak? The tone of their voices? You can even sense if they are smiling when they talk. Of course, you can easily recognize if a person is happy or interested when he or she got a call from you. It is the number one rule in Customer Service, to be as friendly as much as possible to the person on the other line on the phone.

Being warm and friendly to your customers should be the most important component when you are in a call center industry or in a business to business environment. Being friendly builds better rapport with your customers. It makes or breaks a company so to speak.

However, having a friendly customer service support is not enough to increase the sales or demands of the

products or services your company offers. Product knowledge is also a key ingredient to get the nod of your customers. It is essential that before you sell a product, you must know all about it, inside and out. You wouldn't want to be in a position that you will be caught straight in the face without an answer if your customer has a specific question. Put yourself in your customer's shoe, what would you think if you were interested in buying a product and asked questions about it but the one you're dealing with could not answer the simplest question of the product. You would probably lose your faith in it.

To know your product better, remember to obtain as much information as you possibly can. Educate yourself with the features and benefits your product offers. Read constantly about the project as it may have updates or some changes you should know about.

Another way to really know your product is to actually use them personally if its feasible. When you answer a question to a customer, the customer can tell how much you believe in the product and you have confidence in it because you sounded you have actually tried it. Remember that the more you know your product, the easier it is to sell.

Having the two A's in the customer service is beneficial in the growth and success of a business. A combination of a good Attitude on dealing with your customers while providing them the appropriate Aptitude about your product will certainly boost the sales of the product and can retain the most important component of a company, the customers.

As it turned out, the customer service experience of the lady mentioned above was good. She purchased the latest mobile phone she was inquiring about and told her friends about the great service she got from the company. All it took was a friendly customer service representative that knew what she was talking about.

Grab Customers’ Attention With Advertising Balloons

Let's face it: most small - and medium-sized companies don't have huge advertising budgets. Traditional media, such as print, television, and radio advertising are far too expensive. And, for those businesses that rely on walk-in traffic, Internet advertising won't reach the intended audience. Thankfully, there's another advertising medium that's incredibly effective for a variety of businesses: advertising balloons.

Advertising balloons - also known as advertising blimps and advertising inflatables - are an incredibly cost-effective method of gaining the attention of passersby and turning prospects into customers. Starting at slightly over $100, the cost of an advertising balloon can be recouped in no time at all.

There are several different types of advertising inflatables. Advertising blimps have the traditional blimp shape, but come in a variety of sizes. They are easily customizable with a company logo, special message, or unique combinations of colors. Advertising blimps can be large enough to attract attention from miles away, or small enough to catch the eye of a trade show attendee. Larger advertising blimps can even be lit at night to garner notice 24 hours a day.

Round advertising balloons are also attention-grabbers. Again, they come in all sizes and can be flown high above the ground, acting as traffic magnets for a business' location.

A business can also buy a pre-made advertising inflatable, such as one in the shape of a hot air balloon that says, "Grand Opening." Eye-catching shapes and colors are sure to attract customers. Similarly, dancing balloons (also called wind dancers) are eye-catching. Inflated with a cold air blower, dancers will delight both adults and children. However, they're generally made with a light material that doesn't hold up well in sunlight or strong wind. For that reason, a tarp should always be placed under a wind dancer.

When you order custom balloons, you first need to think through the various elements that will give your advertising balloons maximum impact. Here are attributes to consider:

Lettering: If readability is important, stay with a small number of letters on one or two lines. Determine the distance at which you want your advertising balloon to be read. For maximum impact at 30 feet, for example, letters that are three inches high will suffice. On the other hand, letters that are 12 inches high have maximum impact at 120 feet but are still readable at 525 feet.

Colors: There are specific color combinations that will give your advertising balloon more impact. Black lettering or art against a backdrop of yellow, white, or orange is the most effective, followed by blue on white, white on green, green on white, red on white, and white on red.

Like everyone else, you probably look up when you see an advertising balloon in the sky. Just imagine how much recognition you can get from your business from the relatively small investment of an advertising balloon!

U.S.-traded Company Sets Up Chinese E-government

An American company in China? It may seem unusual, but a U.S.-traded company is building an e-government system in Jinjiang and Nanan of the Fujian province in the People's Republic of China.

China Expert Technology Inc. (OTC BB:CXTI) has announced that China Expert Network Company Limited, known as China Expert, a wholly owned subsidiary of Leopard, has signed contracts totaling $36.6 million to complete the e-government network infrastructure projects.

China Expert will be responsible for the entire e-government project for each city, including network infrastructure, hardware and security design, applications and implementation. One of the contracts was signed in 2003 and is expected to be completed before the end of 2004. The second contract is expected to be completed before the end of 2005.

"Citizens in the first contracted city are now able to use the established e-government facilities to settle their personal bills, such as tax and electricity bills, directly with the specific government departments and public utility companies through the Internet," said Kung Sze Chau, chief executive officer of Leopard.

The plans for the project were created in 2001. That year the office of the State Council laid out a five-year plan regarding the building up of e-government throughout the country. It set out the background, direction and goals of the project.

These goals include:

* Setting up fundamental and strategic e-government data bases.

* Upgrading the level of resource sharing.

* Enhancing the power of management, including the decision-making capability and contingency-planning capability of the Central Government and of other local governmental departments.

* Creating relevant laws and regulations, basic e-government system infrastructure, and a security system and training program in relation to an e-government.

* Paving the way for the next five-year plan.

Leopard Capital Inc. is a leading information technology network and infrastructure company. China Expert is currently the only single contractor to include a complete e-government infrastructure project within one contract from a single city government in China.  - NU