The Business Bot

If you are reading this post, I believe you are standing on the crossroads of your future. The roads are marked: one way, the one laden with thorns, leads to success, another, a lush path of grass, to pain and the final, a freshly tarred road, towards dissatisfaction. How will you choose which path to take? Let me show you how you can select the right path and secure your future. Planning Backwards – What’s your Ambition? 10 years down the line, what do you see yourself as? A doctor? An entrepreneur? A DJ? Remember, you must focus on always doing something you love doing. For example, I love computer science and entrepreneurship, and see myself as the owner of a large tech tycoon. So, now that I have an idea of what I want to become, I will begin planning the journey towards that goal. This phase is called planning backwards. Here’s how to do it: NOTE: It is recommended that you proceed only if you have yourself an ambition. Only then will you able to ideally implement the following st...

 Being an entrepreneur in this changing world isn’t simple, it requires hard-work and determination. Not everyone has entrepreneur skills, but they can definitely learn it. In this article you will find the skills entrepreneurs poses, and the ways in which acquiring these skills will benefit you! Entrepreneurship is the skill that is extremely valuable to students in this changing world of education and competition.  How do they benefit YOU? Entrepreneurs possess a wide range of skills that help them overcome hurdles in life.  They employ the best strategies to curb the threats, if any. These are the Most Important Entrepreneur Skills: Communication skills Risk-taking ability Leadership skills Hardworking and committed Believer of their vision of the future Innovative/creativity skills How does each of the above skill benefit you as a student? Communication Skills It is very important for a person to be able to communicate their thoughts in a way that another person can u...

Hello there, I am Hari, a business student in Grade 11. If you have read my previous posts, this one will take you shopping for the necessary equipment and supplies for your first business.   If you're new here and know nothing about how to start your first business, I would highly recommend you start at this post . I will assume that you (like me) are on a tight budget, and can't afford expensive equipment and supplies. I will show you how you can make an ideal purchase that doesn't dig deep into your pockets. The tips I am going to share with you can be used whenever you want to make a smart purchase. Introduction  Like I mentioned in my previous post , a business exists to satisfy the needs and wants of people. They combine resources known as the Factors of Production  to come up with either a physical product (also called goods) or an intangible service . To convert raw material into finished goods, a product undergoes what is called production. To ensure a constant s...

Hello,  I'm Hari, a student in Grade 11.  In my previous post , I explained how you can write a successful business plan, and why it is necessary. In today's post, I will be explaining how to conduct market research for your first business. If you are a beginner, don't worry. I'm assuming that you have no prior knowledge of what I'm about to explain. As I clearly mentioned in my title, I will be focusing this post on the Questionnaire strategy. However, I will explain the other strategies too, just for some context as to why I chose Questionnaires. What is Market Research? You may already know that a business's primary goal is to satisfy a customer's needs and wants. So, to release a new product into a market, a business needs to conduct some prior research to understand the tastes and preferences of the customers. This process of obtaining information to assess the tastes of the consumers is known as Market Research. This can be conducted in the following w...

Hi, I'm Hari, a student in Grade 11.  This post is the first in a series of 9 posts.  If you have taken the time to click on this post, I take it that you are here to learn how to write a business plan for your first business. I am not going to disappoint you! I'll assume that you are a complete beginner with no knowledge about how to write such documents. Just so you know, a  business plan is written to help entrepreneurs plan for the future of their business.  Together, we will go through how to write a successful business plan, and I will also show you the one I made for my business, The iKeme Store . What is a Business Plan? A business plan is a formal document that points out the financial objectives and operations of a business.  Mind you, I used the word  formal , not  legal . It is perfectly legal to run a business without a business plan. However, running a business without a plan is like driving without deciding an end destination.  You ...