Who can build your own business?Written by Cecilia Chang
Copyright © Cecilia ChangAnyone can be a boss if you’ve skills and knowledge. But to be a boss can be easy and difficult. Upon some readings, it seem to me that some entrepreneurs will become a boss easily if their parents are business persons. It is hereditary as said. Do you agree? Following are 2 case studies on young entrepreneurs whose parents are business persons. Case study 1 Martin who is 20yrs old, becomes his own boss. He owns 2 stores and preparing for 3rd one, selling Germany hansa jaeger handbag. During his 2nd grade in secondary school, his parent was declared bankruptcy that makes him choose to stop studying since his result wasn’t that good. His philosophy: “no matter what I do, I must be better than same level people. Since I can’t study, why should I waste my time?” He understands what he wants. That is to have a shop of his own, not 1 but have innovative and conception chain shop kingdom. Looking at how his parents do business since young, he has his own idea of making money. At first, he start working on internet at a computer game shop (LAN shop) for his daily expenses. At 15yrs old, his mum asks him to fly over alone to china to get some stocks to sell thus leading him towards his business path. Case study 2 A poly graduate at age of 22, has been his own boss for 3 times. The first is from his hobby of music that he set up an internet radio station to share music he likes to everyone. This idea which is very popular in Europe and America, cannot succeed in Singapore.
| | Why do we need a business plan?Written by Cecilia Chang
Copyright © Cecilia ChangWhat is a plan? Plan is divided into steps or point form for you to analysis and to reach place you want to go. A person can have many plans, from his personal life to workings days. In companies where business plans exist give us an overlook of how outcome will be if work is carried out. Some people don’t notice planning. Do you? We are growing up as planned since we are born. We go to nursery then slowly to college. We cannot jump queue plan. How to? Can we go to university without going through our pre-schools and higher schools examinations…etc. we can’t. If your dream is to become a lawyer, you need to study laws or a salesperson, you’re to have a good communication skill. In our everyday life, we plan what or where to eat; where to go after work; what to buy; what time to reach a place; we’ve so many plans all day. When you finish college, you step into another stage of planning whereby you’ve to go out to work, parents will no longer support you. When you’ve adequate earnings, you’ll plan when to get married, have children and so on. There’s a quote say ‘Fail to plan is plan to fail’. Do you agree? You need a plan to work things out. If you have no plan, you’ll find yourself going no where, end up stuck or lost. But things will go a lot smoother when you have a plan in hand. You’ll find more time and success will come as you follow step by step procedure. Let’s talk about business plan. Business planning gives us an overlook of outcome.
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