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Friday, February 28, 2014

The 9 Personality Types of Entrepreneurs




Starting and growing your own business requires many skills to be successful. Take a look at the
business personality types and find out what you need to succeed. Are you Bill Gates, a Visionary, or an
Improver like Body Shop founder, Anita Roddick?
Your business personality type are the traits and characteristics of your personality that blend with the
needs of the business. If you better understand your business personality, then you can give your company
the best part of you. Find others to help your business in areas you aren't prepared to fulfill.
There are 9 key types of personality and understanding
each will help you enjoy your business more and provide
your company with what it needs to grow. This
entrepreneur personality profile is based on the 9-point circle of the Enneagram.
Begin identifying your dominant personality theme and understand how you operate in your business.
The 9 Personality Types of Entrepreneurs

1. The Improver: If you operate your business predominately in the improver mode, you are focused on
using your company as a means to improve the world. Your overarching motto is: morally correct
companies will be rewarded working on a noble cause. Improvers have an unwavering ability to run their
business with high integrity and ethics.
Personality Alert: Be aware of your tendency to be a perfectionist and over-critical of employees and
customers.
Entrepreneur example: Anita Roddick, Founder of The Body Shop.

2. The Advisor: This business personality type will provide an extremely high level of assistance and advice
to customers. The advisor's motto is: the customer is right and we must do everything to please them.
Companies built by advisors become customer focused.
Personality Alert: Advisors can become totally focused on the needs of their business and customers that
they may ignore their own needs and ultimately burn out.
Entrepreneur example: John W. Nordstrom, Founder Nordstrom.

3. The Superstar: Here the business is centered around the charisma and high energy of the Superstar
CEO. This personality often will cause you to build your business around your own personal brand.
Personality Alert: Can be too competitive and workaholics.
Entrepreneur example: Donald Trump, CEO of Trump Hotels & Casino Resorts.

4. The Artist: This business personality is the reserved but highly creative type. Often found in businesses
demanding creativity such as web design and ad agencies. As an artist type youll tend to build your
business around the unique talents and creativities you have.
Personality Alert: You may be overly sensitive to your customers responses even if the feedback is
constructive. Let go the negative self-image.

5. The Visionary: A business built by a Visionary will often be based on the future vision and thoughts of
the founder. You will have a high degree of curiosity to understand the world around you and will set-up
plans to avoid the landmines.
Personality Alert: Visionaries can be too focused on the dream with little focus on reality. Action must
proceed vision.
Entrepreneurial example: Bill Gates, Founder of MicroSoft
Inc.

6. The Analyst: If you run a business as an Analyst, your company is focus on fixing problems in a
systematic way. Often the basis for science, engineering or computer firms, Analyst companies excel at
problem solving.
Personality Alert: Be aware of analysis paralysis. Work on trusting others.
Entrepreneurial example: Intel Founder, Gordon Moore.

7. The Fireball: A business owned and operated by a Fireball is full of life, energy and optimism. Your
company is life-energizing and makes customers feel the company has a get it done attitude in a fun
playful manner.
Personality Alert: You may over commit your teams and act to impulsively. Balance your impulsiveness
with business planning.
Entrepreneurial example: Malcolm Forbes, Publisher, Forbes Magazine.

8. The Hero: You have an incredible will and ability to lead the world and your business through any
challenge. You are the essence of entrepreneurship and can assemble great companies.
Personality Alert: Over promising and using force full tactics to get your way will not work long term. To
be successful, trust your leadership skills to help others find their way.
Entrepreneurial example: Jack Welch, CEO GE.

9. The Healer: If you are a Healer, you provide nurturing and harmony to your business. You have an
uncanny ability to survive and persist with an inner calm.
Personality Alert: Because of your caring, healing attitude toward your business, you may avoid outside
realities and use wishful thinking. Use scenario planning to prepare for turmoil.
Entrepreneurial example: Ben Cohen, Co-Founder Of Ben & Jerrys Ice Cream.
Each business personality type can succeed in the business environment if you stay true to your character.
Knowing firmly what your strong traits are can act as a compass for your small business. If you are
building a team, this insight is invaluable. For the solo business owners, understand that you may need
outside help to balance your business personality.

Success secrets of entrepreneurs



 
Entrepreneurship begins with a business idea. And the success of an entrepreneur and his/her enterprise
depends on how well the idea is executed and built upon. Of course, success doesn't come instantly and
many times ideas are abandoned due to challenges and initial failures. But there is a class of
entrepreneurs that emerges triumphant against all odds.
So what is it that actually makes ideas click and entrepreneurs successful? What are the various qualities
that successful entrepreneurs possess? If you study the stories of successful entrepreneurs then you will
find certain common elements. True, each entrepreneur is unique in his/her own way but there are some
characteristics that bind them together.
To start with, you need to have a really good idea. "You have got to have a business idea that is unique.
To say, 'I want to do that because I have seen other people do it and it works', is not enough. You need
to have something that isn't obvious, and you have got to have faith in it and stick with it," says Sashi
Reddi, Founder & CEO, AppLabs.
Indeed, having faith in the idea and being passionate about it is very important. Successful entrepreneurs
are extremely passionate about their ideas; they are almost obsessed with their business goals and single-
mindedly pursue their visions. Swami Vivekananda the great spiritual entrepreneur has described the way
to success very succinctly and it has relevance across domains.
He says, "Take up one idea. Make that one idea your life think of it, dream of it, live on that idea. Let
the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea
alone. This is the way to success..." Every entrepreneurial success can be said to be a reflection of this
insightful thought.
Philip Knight (of Nike) had his great idea about shoes even during his school days when he was an
enthusiastic track & field athlete. Later, while at Stanford he decided that he was going to be an
entrepreneur and sketched out a plan to challenge a leading shoe company's monopoly in the market by
employing cheap Japanese labour to manufacture shoes that were not just better but also cheaper.
He worked on this idea passionately giving more than his 100% and the rest, as they say, is history. That
he named his company after the Greek Goddess of victory at a friend's suggestion was a sweet
coincidence. Of course, this victory has come at the price of extraordinary efforts.
"Start-ups require a lot of work and sacrifice especially at the beginning; so make sure that you have
a strong passion and motivation for whatever you are doing because you will need that passion and drive
to keep you going through the tough times," says Alberto Savoia, CTO and Senior VP of R&D, Agitar
Software.
Of course, not all are lucky to strike gold at their first attempts. In fact, it is likely that most would fail in
their initial endeavours. And giving up may seem like a possible way out during crises, difficult times or
failures for many entrepreneurs. Quite a few might also feel like changing to something different.

Troubled teenagers make successful entrepreneurs?




Teenagers who are troublemakers may go on to become successful entrepreneurs, if a new study is to be
believed.
Many successful entrepreneurs exhibited aggressive behaviour and got in trouble as teenagers, an international team of researchers found.
Researchers Ross Levine of Berkeley's Has Economic Analysis and Policy Group and Yona Rubinstein from the London School of Economics, found that entrepreneurs are
identifiable not only by their earning potential, but also by certain character traits that appear throughout their youth,

The study showed that many people who succeed in novel ventures have high IQs, come from stable
families with parents who earn higher than average incomes, and have exceptional confidence and self-
esteem. However, people who become entrepreneurs also have some more surprising traits in common.
"Our data revealed that many successful entrepreneurs exhibited aggressive behaviour and got in trouble
as teenagers," Levine said.
"This is the person who wasn't afraid to break the rules, take things by force or even be involved in minor
drugs," he said.
The study found that young people who possessed these trouble-making qualities went on to become
high-earning salaried workers. And when opening their own businesses, they made 70 per cent more
money than they ever had as employees.
"What we find is that a particular constellation of traits turns out to be a strong predictor of who is going
to become an entrepreneur later in life and whether that person is going to be a high-earner when he or
she launches a business," Levine said.
The University of California , Berkeley study, which focused on debunking the myth that entrepreneurship
does not pay off for most, found that entrepreneurs actually earn about 50 per cent more than their
salaried counterparts working in the same industry with the same level of education.

Thursday, February 27, 2014

Can Moyes be trusted to rebuild the shattered empire at Old Trafford?



As a sombre Manchester United party flew home from Greece on Wednesday lunchtime, the hope among those who matter was that Tuesday’s Champions League humbling at Olympiacos would prove to be as bad as it will get.
If David Moyes is still to be around to spearhead a £100million-plus Old Trafford revolution this summer, he must hope they are right.
Football surprises you, whoever you are. Last season, for example, United officials thought Sir Alex Ferguson had a team good enough to finish third in the Barclays Premier League. That team won it by 11 points. 
Not used to this: Manchester United will be hoping Tuesday's defeat to Olympiacos will be as bad as it will get
Not used to this: Manchester United will be hoping Tuesday's defeat to Olympiacos will be as bad as it will get

Back then: Former boss Sir Alex Ferguson lifts the title after winning the Premier League by 11 points in 2013
Back then: Former boss Sir Alex Ferguson lifts the title after winning the Premier League by 11 points in 2013

Crestfallen: David Moyes (centre) slumps back into his seat following Olympiacos' second on Tuesday night
Crestfallen: David Moyes (centre) slumps back into his seat following Olympiacos' second on Tuesday night

Conversely, this time around nobody at England’s biggest football club expected this. A season of transition spent in the shadow of improving forces from Manchester City and Chelsea was always likely. No one at Old Trafford predicted the campaign would stand on the brink of competitive extinction by the end of February.
At United, only the Glazer family know if they are harbouring any doubts over Moyes’ suitability for his role as manager.
As ever, media access lines to the club’s American owners remain closed. However, around the fringes of the United machine - among those a little closer to the action - there is a growing concern not just that things are not right under Moyes but that they are getting worse.
Certainly Tuesday night’s humbling at the Georgios Karaiskakis Stadium in Athens has hardened this anxiety.
Much to think about: Moyes and his players must overturn a 2-0 deficit when Olympiacos visit Old Trafford
Much to think about: Moyes and his players must overturn a 2-0 deficit when Olympiacos visit Old Trafford

United chief executive Ed Woodward remains supportive of Moyes. He does not believe the club erred in appointing him or in handing him a six-year contract.

Backing: United chief executive Ed Woodward is supportive of Moyes
Backing: United chief executive Ed Woodward is supportive of Moyes

What happens over the next few months, however, will have an enormous impact on the health and prosperity of this football club for years to come. As such, it would appear that a very big call indeed will have to be made between now and the season’s end.
United plan to invest significantly in new players this summer. Although they are aware that a huge turnover of players in and out could be unsettling, they are prepared to do whatever is necessary in the transfer market not just to propel the team into the top four but also to win back the Barclays Premier League title. That is the stated aim.
Much of this work will be done before the summer World Cup. Preparing to do business in Spain and Germany, United are ready to follow traditional trends in those countries that generally dictate players are bought and sold early in the off-season.
Therefore, if the problems under Moyes continue then Woodward, his predecessor David Gill, Ferguson and the Glazers will face an enormous decision. Do they allow Moyes to spearhead this ambitious, carefully planned revolution? Do they gamble on the hope that his team will make the necessary steps  forward once they are populated by his own players? Or do they simply tear up the six-year blueprint recommended last summer by Ferguson and start the whole thing again under someone new?
Stick or twist: Manchester United will have to decide whether to stick with Sir Alex Ferguson's six-year blueprint
Stick or twist: Manchester United will have to decide whether to stick with Sir Alex Ferguson's six-year blueprint

Prior to Tuesday’s capitulation in Greece, Moyes’ position was not being discussed by the United board and one awful result during a poor season should not be allowed to change everything.
However, this week’s performance was watched with horror by the United contingent in the directors’ box. The lack of pattern and apparent method was noted. Much more of this and the sands will start to shift significantly beneath the  manager’s feet.

United have a weekend off now - perhaps just as well given that they were due to face Capital One Cup finalists Manchester City in  the league. 
In 10 days, however, Moyes and his players go to West Bromwich Albion to start a run of games tough enough to edge United further towards Premier League no-man’s land if improvement isn’t immediately apparent.
 

Within the Moyes camp, there is no bullishness. The United manager and his staff saw signs on Tuesday that their messages are not getting through to many of the players. That has obviously worried them.
Moyes, for example, talked up the partnership between Wayne Rooney and Robin van Persie on Monday but it is a union only in name. 
During Tuesday’s game they exchanged passes only five times while United goalkeeper David de Gea received the ball from a team-mate on 20 occasions, once more than Van Persie.
Bad night at the office: Wayne Rooney (left) and Robin van Persie exchanged just five passes on Tuesday
Bad night at the office: Wayne Rooney (left) and Robin van Persie exchanged just five passes on Tuesday
Bad night at the office: Wayne Rooney (left) and Robin van Persie exchanged just five passes on Tuesday


If he is retained beyond the season - and it remains most likely that he will be - Moyes has his plans mapped out. 
He and Woodward know which players they wish to buy and which they wish to move on. It will be a remarkable summer - almost unprecedented - at Old Trafford from that point of view.
The lessons of last summer have been learned. Talk to people at United and they will admit that Woodward and Moyes were relatively unprepared for what they needed to do when Ferguson stood down and also that they chased players like Barcelona’s Cesc Fabregas for far too long.
Long pursuit: United wasted far too much time trying to sign Barcelona's Cesc Fabregas (left) last summer
Long pursuit: United wasted far too much time trying to sign Barcelona's Cesc Fabregas (left) last summer

This time, Moyes is aware that he needs to be sharper, more decisive, when it comes to players. He cannot dawdle at the finish line as he did over Barcelona midfielder Thiago Alcantara. As somebody who knows Moyes has pointed out, his thoroughness, while usually an advantage, can sometimes prove a hindrance.

To this end, shrewd alterations have already been made at United’s Carrington training base. The rather archaic scouting system left behind by Ferguson has been expanded, refined and bolstered by technology and new staff.
Moyes has brought in Robbie Cooke, his former chief scout at Everton, and John Murtough, from the Premier League, as Head of Elite Performance. United’s database of players is already much deeper than it was a year ago.
Missed out: United targeted Thiago Alcanatara last summer but the Spain international joined Bayern Munich
Missed out: United targeted Thiago Alcanatara last summer but the Spain international joined Bayern Munich

Woodward is also doing his bit to move United forward on other levels. He seems to be growing into his role.

In football, though, results will always define you and United know they need to have the right man pressing the buttons on their fancy new machines.
As strange as it sounds, Moyes actually has more to prove now than he did when he succeeded Ferguson last summer. 
He, like any manager, will only be given so much time.

Small Business and Home Based Business Ideas to Get You Started


Sometimes the hardest part of starting a business is coming up with an idea, whether a small business is a part-time one person operation run out of someone's home or a multi-million dollar company with dozens of employees.
You know, for instance, that you want to work in a particular field but don't know what you might do specifically. Or maybe all you know is that you want to start a business, but you're on the lookout for an idea that inspires you. Follow the links on this page to find small and home-based business ideas that will help you decide what kind of business you want to start.
Home-based Businesses
Many of the ideas presented in the articles above will work as home based businesses. But if you're specifically looking for a business you can start and run at home, try one of the home based businesses presented in these articles:
How to come up with your own business ideas
The hamburger. The personal computer. The hula hoop. Every successful business started with someone coming up with the right idea at the right time. How do you do it? It doesn't really take any huge feats of mental gymnastics; you just have to be alert to the business ideas that are all around you. One way of coming up with your own idea for a business is to examine current business trends
Franchising Businesses
 Franchising are a common choice for new businesses. When you buy a franchise, you're buying someone else's business idea, in effect. That can put you on the fast track to business success and big profits if you've chosen wisely. But there are both advantages and disadvantages to going the franchise route.

Narrowing your business options
If you've followed even a few of the links on this page, your head is probably buzzing now with all kinds of ideas for small businesses. If you're having trouble deciding which small business ideas to follow up on and investigate further. My theory is that the best business idea is one that's best suited to you and this article will lead you through the process of figuring out what type of business idea you should be looking for.
 
Testing your business idea
Once you've settled on what you think is suitable business, it's a good idea to test your idea before you waste time and money working through the steps necessary to start a business.
One way to do this if your new business involves products is to put some of your products on eBay and see how well they sell and what profit you make. My selling on ebay is an example of this kind of product testing.

No matter what business you've chosen, running through a condensed version of a business plan is an excellent way to test your business idea. 
 

Breast milk is 'no better for a baby than bottled milk' - and it INCREASES the risk of asthma, expert claims


The benefits of breastfeeding have been exaggerated, a new study has suggested.
A comparison of siblings fed differently during infancy suggests breast milk is no better than bottled milk at improving long-term health.
Dr Cynthia Colen, from Ohio State University, said her findings are not meant to challenge established ideas, but could prevent women who cannot breastfeed from feeling stigmatised.

The benefits of breastfeeding have been exaggerated, a U.S. expert has claimed
The benefits of breastfeeding have been exaggerated, a U.S. expert has claimed

Those promoting the 'breast is best' message, including the Department of Health, say a mother's milk wards off a host of ills.
NHS leaflets given to pregnant women and new mothers claim breastfeeding protects against obesity, allergies, asthma and diabetes.
But Dr Colen’s research suggests breastfed children perform no better than their siblings who are bottle-fed.
 

It showed they are no more likely to be obese and that they do not perform better academically.
Dr Colen also claims that children who are breastfed are more likely to develop asthma than those who are bottle-fed.
She said: ‘Many previous studies suffer from selection bias. They either do not or cannot statistically control for factors such as race, age, family income, mother's employment - things we know that can affect both breast-feeding and health outcomes.
Dr Cynthia Colen says siblings who are bottle-fed perform just as well in the long-term as those who are breastfed
Dr Cynthia Colen says siblings who are bottle-fed perform just as well in the long-term as those who are breastfed

‘Mums with more resources - with higher levels of education and higher levels of income - and more flexibility in their daily schedules are more likely to breastfeed their children and do so for longer periods of time.’
The NHS recommends that mothers breastfeed for about six months.
Dr Colen said: ‘I'm not saying breastfeeding is not beneficial, especially for boosting nutrition and immunity in newborns.
‘But if we really want to improve maternal and child health, let's also focus on things that can really do that in the long term - like subsidised day care, better maternity leave policies and more employment opportunities for low-income mothers that pay a living wage, for example.’
She used data from the 1979 cohort of the National Longitudinal Survey of Youth, a nationally representative sample of young men and women.
She analysed a total of 8,237 children made up of 7,319 siblings and 1,773 ‘discordant’ sibling pairs, where one was breastfed with the other given a bottle.
The study measured BMI (body mass index), obesity, asthma, hyperactivity, parental attachment and behaviour as well as scores predicting academic achievement in vocabulary, reading, maths, intelligence and scholastic competence.
Across all of the families, breastfeeding resulted in better outcomes in BMI, hyperactivity, maths, reading recognition, vocabulary word identification, digit recollection, scholastic competence and obesity.
But when restricted to siblings differently fed within the same families, scores reflecting breastfeeding's positive effects on 10 of the indicators were closer to zero and not statistically significant - meaning any differences could have occurred by chance.
The researchers believe this means the siblings who were all breastfed probably performed better because of other factors, such as socioeconomic status.
The most surprising finding was that children who were breastfed were at greater risk of asthma.
However, this could be because the data relied on whether people said they had asthma, rather than whether they had been formally diagnosed with the condition.
 

Dr Colen also says children who are breastfed are more likely to develop asthma than those who are bottle-fed
Dr Colen also says children who are breastfed are more likely to develop asthma than those who are bottle-fed

Dr Colen said: ‘Instead of comparing across families we are comparing within families completely taking into account all of those characteristics - both measured and unmeasured - that differ by family such as parental education, household income and race/ethnicity.
‘If breastfeeding doesn't have the impact we think it will have on long-term childhood outcomes then even though it's very important in the short-term we really need to focus on other things.
‘We need to look at school quality, adequate housing and the type of employment parents have when their kids are growing up.
‘We need to take a much more careful look at what happens past that first year of life and understand breastfeeding might be very difficult, even untenable, for certain groups of women.
‘Rather than placing the blame at their feet let's be more realistic about what breastfeeding does and doesn't do.'
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100 BUSINESS WISDOM FROM THE GREATS – 47 of 100

100 BUSINESS WISDOM FROM THE GREATS THAT MAY CHANGE YOUR BUSINESS FOR GOOD – 47 of 100  The secret of success lies not in you doing y...