Business Consultancy and Training

1. By analyzing trends in the external environment

2. By observing the environment

3. By finding out market need or unmet need in the marketplace.

Question for you. What are the other methods you could use to identify business opportunities? Mention your experience and ideas.

Rich people do different tasks to be richer. – They invest their money. Their money work for them. They give more weight for investment than saving. – They build network.They build network with successful people, meet them and discuss new ideas. – They have multi cash inflow. They engage in different tasks and generate cash […]

What rich people do most to be richer?

Rich people do different tasks to be richer.

– They invest their money. Their money work for them. They give more weight for investment than saving.

– They build network.They build network with successful people, meet them and discuss new ideas.

– They have multi cash inflow. They engage in different tasks and generate cash inflows from active and passive income. For example, from rent, share, wage etc.

-They go out of comfort zone. Rich people move their thinking and actions beyond their limit. They scale-up their actions that creates discomfort for a while and then rewarding.

– Richer people take calculated risks. They take care when making major financial decisions, and set out and apply risk management strategies to reduce risks.

Different people define Entrepreneurship differently. According to Peter Drucker, a management guru, entrepreneurship is neither a science nor an art. It is a practice. It has a knowledge base. knowledge in Entrepreneurship is a means to an end. The end is a practice. Entrepreneurship is a process of identifying opportunities in the marketplace, arranging the resources required to pursue these opportunities and investing the resources to exploit the opportunities for long-term gains. Entrepreneurship is also a force of ‘creative destruction’, that is, established ways of doing things are destroyed by the creation of new and better ways to get things done.

For things to change for you, you have to change. Thus, focus on personal development. For changing your life, find out how things work. Since idea is the basis for change, find ideas from what you read, from what you observe, and from experiences of others. Then, by writing down the game plan, change the idea into action.

Entrepreneurial mind-set training online by Abdi Business Consultancy and Training. If you are interested in please email me your email address on belayknt@gmail.com or call me on 0902 222 423