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From An Entrepreneur Dream To Dynasty In 10 Easy Steps

From An Entrepreneur Dream To Dynasty In 10 Easy Steps

As an entrepreneur with multiple successful ventures under my belt, I get a ton of questions from potential entrepreneurs wondering how to go from the idea phase to an actual business. If you’re looking to start a business, here’s what I’d tell you.

1. Ruminate on the Possibilities

All businesses — small or large — must start somewhere. Before there is a vision, plan, or management plan, there’s an idea. They generally come about in one of two ways. Either a) you’re pondering a solution to a pressing but unresolved problem or b) you’re evaluating your life and arrive at the realization that you’ve been running from your dream instead of running to it. Whatever the case, don’t take this seemingly trivial step for granted, as everything that follows rests on your founding premise.

After you’ve had an opportunity to reflect upon this central concept or solution thoroughly, it’s time to turn to the market and assess the strengths and weaknesses of the competition. Doing so will give you a good idea of where your product or service could fit into the market.

2. Evaluate Your Tolerance for Risk

Evaluate Your Tolerance for Risk

    It would be good if you could start the process by determining how comfortable you are with taking risks — if you don’t make it past this point, there’s no “pass go.” Unfortunately, that’s just not the way it works. Likewise, it would be nice if you could pretend that your entire entrepreneurial journey will be free of threats, but we know that’s not the case, right?

    By its very nature, entrepreneurship is fraught with uncertainty. Just the amount of action that you must take to start your part entails risk — that doesn’t include what you will inevitably face after getting your venture off the ground.

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    There’s always the chance that any one of these actions could result in a problem of some sort. And while there’s a certain amount of ambiguity associated with punching a clock every day, the risks are much more predictable. So if the thought of facing the unknown causes you undue stress, it may be best to put your ideas on pause until you’ve found a way to resolve your fear of uncertainty.

    3. Don’t Just Think About Your Vision, Write It Down

    After you’ve settled on an idea and decided that you’re comfortable with the possibility of things going wrong, it’s time to hone in on your vision. This entails visualizing what you’d like your business to look like in the future. If you experience difficulty with this step, all you have to do is ask yourself this: “Where do I see my business in 5, 10, or 15 years?”

    But remember, it’s not enough to merely know your vision. You’ve got to internalize it, which requires going a step further and writing it down. There’s just something about seeing your vision on paper that makes it more real. And if you think this is all too much, consider that when all else fails, it’s your vision that will compel you to get out of the bed at 5 o’clock in the morning to see your dreams through.

    4. Do Your Homework

    Do your home work

      If finding a solution to a market-driven problem or putting your grand vision into action is sexy, then market research is probably no different than taking a hundred free throws, one right after the other. But guess what? If he hadn’t put in the work, where would Jordan be today? So it is with researching the market.

      Market research dictates pricing, messaging, advertising, staffing, and so much more. Do yourself a favor and put all that you have into learning your market. When you’re done, you should have a clear understanding of who your customers are, but you should also know what they like or don’t like about your competitors. Armed with this information, you can continue the march to your empire.

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      In addition to market research, you’d be doing yourself a favor by doing some operational research. Familiarize yourself with industry best practices; doing so will allow you to build an efficient business.

      5. Draft a Business Plan

      You’ve got your idea, vision, and research in hand. Now it’s time to turn these abstract ideas into something tangible — a plan of action, also known as a business plan. Your business plan is a roadmap designed to help you arrive at your destination. And if you ever get lost, like a GPS your plan can help you get back on track.

      Your business plan should address questions like the following:

      • How will I reach my customers?
      • How much will it take to start and run my business?
      • What types of personnel should I hire?
      • Who is my target audience?
      • Who are my competitors?
      • When will I see a profit?

      While from time to time you may run into questions that you don’t have the answers to, your business plan should address the most pertinent issues.

      6. Review Your Finances

      Whether you’re starting your business on a shoestring budget or purchasing an existing business, there are always financial considerations associated with beginning a new venture. Identify these costs upfront and determine how you’re going to pay for these items.

      For example, maybe you’ve already built a sizeable nest egg and plan to use some or all of it as collateral, or perhaps you have a colleague who’s agreed to make a financial investment in your business. Whatever the case, knowing what you’re getting yourself into from the start can make all of the difference in the world.

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      7. Determine How to Structure Your Business

      There are several different ways to structure your business entity. In fact, you may already be aware of several. For instance, you can organize as a sole proprietorship, partnership, limited liability company, corporation, etc. However, understand that each legal structure comes with certain pros and cons.

      As a point of comparison, if you want to shield yourself or your family from liability, assuming one of the various corporate structures may be in order. Alternatively, if you plan to keep things simple while “testing the waters,” exposing yourself to greater risk as a proprietorship could be a more suitable option. Of course, you won’t know until giving it serious consideration. It might also be prudent to consult your local attorney or CPA, as whichever decision you make will entail a different set of legal and financial ramifications.

      8. Build a Company Website

      Regardless of the type of business you plan to launch, one thing is unavoidable — you will need a website. It doesn’t matter if your customers prefer to do business in person — not having a web presence is just plain irresponsible in this day and age. So please, do yourself a huge favor and invest in a solid site.

      It doesn’t have to be extravagant. In fact, if you have financial constraints you can even set one up yourself. Just visit Wix, Weebly, or any of the other site builders available and use the templates that they give you and you’ll be well on your way.

      Of course, you can always upgrade when finances permit, but the important thing when it comes to establishing yourself online is to start somewhere.

      9. Set Up Your Taxes and Federal Registration

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      Set Up Your Taxes and Federal Registration

        By this point, you may already have a business license and articles of incorporation. However, to be recognized as an official entity, you will need to file your documents with the federal government. While it may sound complicated, it’s probably easier than you think.

        Upon completing your business registration, you’ll also need to go to the IRS website and apply for an employer recognition number (EIN). Doing so will allow you to handle payroll and employee taxes. If you’re organized as a sole proprietorship, you may be able to skip this step, but this is something that your lawyer or accountant can help you determine.

        10. Build Your Brand

        So you’ve got yourself a business that’s capable of changing the world. But guess what? Without customers, you’re dancing in the dark. Of course, if you’ve completed the marketing section of your business plan, the next step is just a matter of executing your plan. The good news is that there’s a proven method of building and promoting your brand.

        Namely, marketing your business is a matter of informing your audience as to what makes your offering unique, learning where to find your customers, and making sure that your brand is just within your audience’s vicinity so that when they have a need, they know to check with you first.

        In a nutshell, that’s it. I hope that everything made sense to you. But if you have questions, I’m here to help. Drop me a line!

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        Last Updated on October 12, 2020

        10 Best Calendar Apps to Stay on Track in 2020

        10 Best Calendar Apps to Stay on Track in 2020

        The success of our day is largely dependent on the quality of our planning. Not to miss out anything in their to-dos, some people prefer to make a list of upcoming tasks in a notebook, while others have long started using digital technology solutions.

        Calendar applications are some of the main tools that are worth using to organize our life and plan your time carefully.

        Many people have switched to specific tools; however, there are still some who do not use calendars on a daily basis. They may find some applications uncomfortable to use, non-functional, or expensive.

        In this article, we are going to check out the best calendars apps to help you stay organized.

        Before You Download

        As you are no doubt aware, there are all kinds of calendar apps available. Instead of you sifting through the hundreds of them, we’ve handpicked 10 of the best calendar apps you can get. On top of glowing reviews from each one, we’ve considered the following aspects when creating this list:

        • User Interface – How you navigate the app should be smooth and simple. The buttons on the app should be clear, obvious and easy to move through.
        • Synchronization – Whether it’s with other calendar apps or with other apps, syncing apps should be easy and enhance your overall experience with the app.
        • Additional features – Since there are so many options for calendars, many of these apps offer additional features. These features make the apps stand out from the other apps and provide unique experiences to you.

        1. Any.do Calendar

          This calendar has direct integration with Any.Do To-Do List, which gives you a unique tandem of two applications.

          Apart from its extended functionality, Cal Calendar is easy to use. The creation of events is very simple and fast.

          What is more, depending on the name of the event, the application automatically adds contacts and geolocation data to the entry description. You can even import your lists and entries from Any.do.

          Any.do Calendar is a great option for any type of user. It is very convenient and doesn’t overcomplicate the mode of display.

          Another good thing is that this tool is available for free, so you can use it without spending a dime for the software.

          Download Any.do Calendar here!

          2. Google Calendar

            Google Calendar is the official calendar for Android devices that has been tested out by many users around the globe. If you are right now trying to get away from it, consider changing your mind.

            Since this application is installed on most Android devices by default, many users think that there is nothing special in this program. They are wrong.

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            Google has been updating its calendar for quite a few years, and now it comes in Material Design with advanced event features, direct integration into other Google services (for example, supports reminders and Google Now), and comes with Exchange support.

            The program is super easy and will not cost a dime for you. It is a good thing, right?

            Download Google Calendar here.

            3. Calendar

              Calendar is a relatively new app. It works as a web app and for both iOS and Android devices. It is an intelligent app that learns your contacts, schedule and tasks. It also helps you schedule and arrange meetings according to your available time slots.

              A good thing about Calendar is that it allows you to sync up with other calendars you use such as Apple Calendar and Google Calendar. And so you can manage all the calendars you have in one place.

              Calendar also gives you analytics of your meetings, giving you a clear picture on how you can improve your time management.

              Download Calendar: Meeting & Scheduling here.

              4. Business Calendar

                Business Calendar is geared towards people who use their calendar for work purposes and business task planning. It offers different modes with wide configuration capabilities.

                The application gives a default view mode by months, and events can be marked in different colors. Display modes/ sorting can be adjusted to your needs (by month, day, year, or events).

                You can also set a multi-day viewing mode to see how things look for the next few days. Scrolling up and down moves you by month, and if you check a few days, they will be shown in a more detailed form.

                The day display mode offers hourly scheduling, and the schedule mode provides a detailed schedule for a single event.

                Business Calendar is a great tool for planning/ scheduling cases, tasks, and events. There is a support for recurring events, which can be set up in just a few clicks.

                Having purchased software, you can use it to import and export other calendars, delete, copy, or move several events at the same time.

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                Android Business Calendar application may seem somewhat chaotic, but it works fine and is easy to work with if you play with it for a while.

                A full version of the application is available for $4.99, but you can also find a free version for the app test drive.

                Download Business Calendar here.

                5. aCalendar

                  aCalendar opens our collection of top 10 calendar applications available on the market today. With its appealing design, easy navigation, and great functionality, it is one of the most popular calendar apps in our list.

                  Some of extra functions include color schemes for each case type (48 colors to choose from), different types of demonstrations, different widgets, moon phases, and much more.

                  Taking into account it functionality, aCalendar is a reliable calendar application that has an easy-to-navigate interface with three display options. Scrolling from side to side allows you to switch between the display modes of the month, week and day.

                  When scrolling down and up, you are moving through the calendar at intervals in accordance with the selected display mode.

                  Apart from its time planning feature, aCalendar synchronizes photos from contact lists or social networks to remind you about birthdays, anniversaries, or any other special dates.

                  The program also supports data transfer through NFC and full-screen widgets, which eases your work with any data.

                  The program is available for free, but you can also get even more features if you buy the extended version of software for $4.99.

                  Download aCalendar here.

                  6. DigiCal Calendar

                    DigiCal Calendar is very similar to Cal Calendar in the fact that the application focuses on design more than on its functionality. However, this doesn’t mean that the application doesn’t serve the purpose.

                    With this calendar application, you can synchronize all your calendars and view them in different ways.

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                    Along with the basic functions, this program comes with support for Google Calendar, Outlook, and includes some unique and interesting features. You can match keywords to the image or set up a dark theme.

                    The app can even show you the weather forecast for three days. There are many other features that deserve the attention of people who really like to use calendar applications.

                    Download DigiCal Calendar here.

                    7. SolCalendar

                      SolCalendar can be called a universal application. It claims to be an all-in-one digital solution having a basic calendar functionality combined with some other advanced features, such as weather forecast for a specific day.

                      The application supports Google Calendar, as well as tasks, widgets, lunar calendar and even Foursquare.

                      Those searching for a calendar application to cover just everything in its functionality, SolCalendar is a program to consider. There are a lot of interesting things in this application; the program does an excellent job working in “all-in-one” mode.

                      Test SolCalendar – the application is available for free. You can test it out without purchasing the service.

                      Download SolCalendar here.

                      8. IRL Event Social Network

                        One of the most unique apps on this list is the IRL Event Social Network app. As you can guess from the name, the core focus of this app is social networking. Unlike other social media platforms, you can consider this platform to function similar to Meetup.com. It’s a site where you can connect with other people within your area that share a similar interest.

                        IRL is that while also providing a convenient calendar for you to schedule events and plan out your day. Though due to it being a secondary focus, you’re lacking a lot of the syncing aspects that other apps have on this list. Regardless, because of this huge social feature, it’s worth considering for those who want to make more connections.

                        Download IRL Event Social Network here.

                        9. Today Calendar

                          Today Calendar is one of the most hip and edgy calendars in our list. The solution was one of the first ones that really embraced Material Design and remains one of the few that adhere to the neat style.

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                          The calendar application offers bold colors, simple controls, and great functionality. This is not as heavy an application as many others; it will not eat all the memory of your device.

                          If you are not searching for something complicated and over-functional, Today Calendar is what you need. You can always test the application before paying for it – the program is available for free.

                          Download Today Calendar here.

                          10. Timepage

                            Timepage is an intuitive calendar app that will manage your time in a way that other calendar apps can’t. It offers the same sort of functions that you’d expect from other calendar apps: opportunities to record events, notifications and reminders, weather, and driving duration to a particular event. However, the app goes beyond those functionalities in two ways.

                            The first way is that while the app sends you notifications, it also has reminders for you for what is coming up next. That bit of extra time can allow you to prepare and make adjustments to your day if need be.

                            The second function – which is more important – is the heat map when you go to see the full view of your calendar. This heat map indicates what days you are most busy and other days where you are freer. This heat map provides a quick glance to determine broadly what days are good to add more events and other tasks.

                            Download Timepage here.

                            Our Verdict

                            Searching for the right application to manage your various calendars and plan your busy day can sometimes turn into a streak of obstacles.

                            Most of us need flexible applications that can be easily used to manage our tough schedule. The application should have all necessary time planning functions and be intuitive.

                            Stylish design and limitless compatibility also matter. It is not always easy to find such a program.

                            The above digital calendar solutions fall under the category “worth” of being used. They are modern, multifunctional, easy, and easy. Pick the one you like!

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                            Featured photo credit: Unsplash via unsplash.com

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