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We look to foster Entrepreneurship where students learn about the importance of team work and corporate formation impact on business today.

They are encouraged to understand different models , outline job functions, create their own company name, design a logo and develop their preferred product or service.

  • This is done by providing information relevant to :
  • Learning about Entrepreneurship through understanding the various types of presentations and business activities world wide.
  • Exposure to the ideas of business entrepreneurs who come from similar backgrounds.
  • Engaging in targeted activities on different development and enterprise themes.


Opportunities for Youth Entrepreneurs in 2014

There are several opportunities for youth entrepreneurs in 2014 in every industry all over the world; you just need to find them. Starting a new business without any experience can be tricky. If you are an experienced entrepreneur then you should know that one of the best places to invest your money and build a business is in a developing terrain.

Here is a list of opportunities for young entrepreneurs in 2014.

Mobile Apps Development

This idea was on last year’s best business opportunities list. Make the big score by developing an app that becomes incredibly popular or cash in on the improving number of businesses that want labeled apps of their own.

Rental Properties

This is also a great idea for young entrepreneurs in 2014. Rent in any area is pretty low, averaging about 500-600 dollars per month. If you owned ten rental properties free and clear and then each brought in $550 you’d have a gross income of about $5,500. Deduct property tax, insurance, and property management and you’d be looking at a semi-passive income stream of around $4,000 per month. Not bad!
Furniture Maker
Another great option to start a business for young entrepreneurs is furniture making. You can find some awesome deals online and can renew them. A $10 table and lots of hard work can help you create a one of a kind piece that can demand much more money. If you made lot of designs you’d probably list the furniture online and also take it to the flea market to offer.

Services for Home Renovations

A person with better business skills and contacts with trade’s individuals can make a lot of money through the renovations of other people’s bathrooms, kitchens, house extensions etc.

Bakeries

Supermarkets and large stores are carrying large amounts of gluten-free food on their racks and more restaurants than ever have a few gluten-free items on their menus. There is plenty of opportunity for dining places and bakeries that are actually safe to eat in and serve real, delicious food – especially hard to find fresh products such as soups, sandwiches and bread.

Transportation Services

It’s not just seniors but individuals whose mobility is limited because of health conditions such as obesity; anyone who is wheel chair bound or dependent on a bike can’t just hop a bus or climb into the standard cab. In a place with a significant number of elderly people, a fleet of lift-equipped vehicles can make your fortune.

Tea stores

Tea is a fantastic business opportunity because there are nearly 10 billion cups of tea drunk each year, according to Statistics Canada, and Canadians’ tea consumption is predicted to rise 40 per cent by 2020, according to a government organization report on food trends published by Agriculture and Agri-Food Canada, motivated by an increasing interest in health and wellness.

Ecommerce

Worldwide, global ecommerce sales passed $1 trillion in 2012 for the first time ever, motivated by growth in North America and the Asia-Pacific region, according to a new report and ecommerce is only expected to grow. Setting up an ecommerce website is easier than ever. Pick the right products, get them on the internet and your own successful business could be off and running.

No business book or business strategy can estimate the near future or completely prepare you to become an effective entrepreneur. There is no such thing as the perfect strategy. Never involve into a new business without any ideas or planning, but don’t spend months or years waiting to execute. You will become a well-rounded business honor when tested under fire. The most essential thing you can do is learn from your mistakes–and never make the same mistake twice.

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What Are the Qualities of Good Leadership

There is not any particular definition that describes good leadership. Leadership is an important factor in getting a small business up and running.  However, most people believe that good leadership doesn’t always come from a particular job or position. It is someone’s own ability to work and motivate others to attain a common goal. A great leader knows how to gain respect and how to inspire others with his ideas.

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader”. - John Quincy Adams
Here are some leadership qualities that make a good leader.

Better Communication

Better communication is an essential quality of a good leader. Being able to convey ideas and thoughts is extremely important. If you are unable to pass your ideas to your workers, then you are most likely unable to attain your goals. At the same time listening to other’s ideas and thoughts is equally important. Do the right things in the right way and always consider other ideas.

Honesty

If you want your workers to be honest, then you should be first to set an example. A team cannot be successful without honesty from all. A resent research indicates that the important thing that workers want from their leaders is honesty. Be honest and treat every one in same manner and your employees will follow you.
So, honesty is an important quality of a good leadership and a good leader. A fair leader ensures all workers receive the same treatment.

Confidence

There are always ups and downs in every business whether small or large but the important thing is be calm and confident. Don’t give up so easily and do not leave any stone unturned until the end. If you’re confident, your people will be too. Stay open-minded and curious. A belief in your own ability is the most important quality of a good leadership. Learn from mistakes and admit them honestly if they happen.

Respectfulness

A respectful leader always appreciates workers by encouraging them to put forward ideas and visions that affect them.

Great leaders are always humble. It doesn’t mean that they are weak it means that they are wise enough to understand the value of giving respect to others.

This then let’s employees know that the leader respects their ideas and opinions. Good leaders are also concerned with the success of the people in their team.

Clarity in Ideas

To be clear in your ideas and goals is equally important as other qualities of a good leadership. Clarity in your thoughts helps you weigh up the options and make the right decision.

“Clarity is the counterbalance of profound thoughts”. Luc de Clapiers

Responsibility

A good leader never blames others for failure. He always takes decisions on his own responsibility and tries to gain his goal with full determination and faces all the results whether positive or negative. A true leader will accept responsibility for what he has done and will work to rectify the problem without blaming others.

Patience

Patience is necessary in every aspect of life. If someone does not understand your point of view, be patient and try to help them to understand. Answer all of your worker’s questions with patience and respect.

If you are able to bring all of these leadership qualities in to your work place believe it or not, then you just could be a good leader! No one is perfect and you can always improve on any or all of the above.

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The Importance of Marketing for the Success of a Business

“Business has only two functions – marketing and innovation”. – Milan Kundera

Marketing is one of the more important components of a business effecting sales and productivity. Even though marketing is important all businesses need customers. Attracting customers is not as easy as we think, especially when there is tough competition in the market. If people are not coming to check your products, you may need to make efforts to change this by increasing your marketing efforts.

All business owners understand the importance of marketing but they can’t distinguish between marketing and advertising. Marketing has vast boundaries and advertising is just a part of it. All forms of marketing promote product awareness to the market at large. Marketing strategies help you to stay one step ahead of your competitors.

Here are some reasons that describe why marketing is so important.

It increases sales

Marketing’s main purpose in most businesses is to generate more sales. You need to advertise and promote to help people know about your products. If no one knows about your products, no one will buy them. That’s the reason business owners invest in marketing. You have to use marketing strategies to create product awareness. If a company wants to increase the sales percentage and increase production, the marketing department must be able to deliver effective marketing strategies.

It maintains reputation
The success of any business is dependent on its reputation. In order to have good reputation marketing plays an important role by building a brand’s name in the market. It takes years to build up a good reputation and then you must marketing to maintain that reputation. Many big companies spend thousands of dollars in marketing just to maintain their reputation. Marketing educates people on the latest market trends, helps boost sales and profit, and develops company reputation.

It helps keep you competitive in the market
By marketing you become able to compete with other businesses like yours and this is the idea of healthy competition. Without competition, big and recognized companies would continue to sell while small or new companies would stand little chance of ever becoming successful. Marketing helps small companies to grow and compete. Let all your customers know that your company is reliable and trustworthy through a strong marketing message.

It Creates Referrals
You can develop a market leader position through word of mouth by using marketing strategies. You not only attract customers but also their referrals. If your customers are happy with you they will definitely refer others to you.
There are countless examples of companies that are making good profits by using existing customers to obtain referrals. To obtain referrals all you need to do is make your customers happy answer all their questions and ask for a referral – it is that simple.

Every small business owner’s goal is to profit and expand, and without marketing, this is not going to happen. The above is just a brief summary of the direction you should consider when developing a marketing strategy.

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