Trick Entrepreneurship

"What we can be a hobby business opportunity?" Or in other words "What hobby we can make money / dollar?" Although I believe all of you certainly can and have been developing a hobby into a business worth millions of rupiah!

Said Robert T. Kiyosaki 'the money is just an idea'. First words of this very strange for me, but the long run the words that make me able to think in. And indeed, the money can generate ideas to develop a brilliant effort, but we must remember that to make money, we only need one word 'idea'. Read More......

On Sunday (5 / 4) Located in the Campus Telkom Bandung Institute of Management, Director of the Group's main Cipaganti Bpk. Andianto Setiabudi Entrepreneurship attend the seminar, as the speakers on the theme "1000 Mil Starting from Step 1" that was attended by the student / i Institut Manajemen Telkom and PT HIPMI IMT members are expected to have a successful example can Conference to be cadres of successful new business and useful to the homeland and the nation toward a new era of Indonesia. The event, which explains that, to build from the small business need a dream / vision of the trilogy covers the stages of achievement with a clear vision of the environment (10 survive the first year), vision, identity (which determine the 10 best in the second year), the development vision (the extension organization and operating company or business group short and long term).
Submitted that any small business opportunity and should be held on the first occasion and then on the journey that will grow with the various business opportunities and determine the best business to be developed.
In the debriefing session described how to build from zero Cipaganti, build trust and partnership business, maintain market, differensiasi product, build a strong brand image, CSR and business development of the scope of national and regional kedepannya. Currently Cipaganti Group 5 Division manages the business sector that is real Otojasa Integrated Transportation, Heavy Equipment, Property, Coal Mining and the number of Sharia Banking HR around 2000 people with 50 branches on the island of Java, Kalimantan and Sumatra. Entrepreneurship event with seminars, Cipaganti Group partake of sharing and giving and inspiring to the students I began to understand the business opportunity and potential to dig themselves and entrepreneurial spirit, good will and have always optimistic in the face every situation.
Present on the occasion is Anton Adibroto (former Rector of the IMT), General Mufti Muzaqi (Secretary II HIPMI Bandung), Good Afandi (Chairman HIPMI IM PT Telkom), Anugerah Satria (Culinary Republic). Read More......

5 Steps Being Programmer Entrepreneur

1. FIGHT FOR CODELINE FREEDOM!
2. BROWSING FOR LEARNING AND RESEARCHING
3. CREATE A “CYBER CREATIVITY”!
4. BLOGGING FOR PERSONAL BRANDING
5. BE AN ENTREPRENEUR!



source : http://romisatriawahono.net/2009/02/23/5-langkah-menjadi-programmer-entrepreneur/ Read More......

Before you enter a business, you must first understand several things. Running a business is easier said than done. The mere fact that you have the capital cannot guarantee success or even a modest profit. The tasks are endless and it might be overwhelming for a starter. Most businesses fail for the first 3 years. And very few can survive for 10 years or more. What can you do to overcome these?

How do you know if a business venture is profitable or not? Are there any available tools that an ordinary starter can use to help him arrive in to the right decision?

The most basic way of evaluating your business is thru SWOT ANALYSIS. It is the analysis of Strengths, Weaknesses, Opportunities, and Threats of a business.

Strengths and Weaknesses are generally the things that you have control of. Meaning, these are the things that are manageable and the success of your business will depend on your actions. Factors such as your skills, talents, family, background, employees, passion, attitude, and traits are some of these. These are the things that should be analyzed to determine which of these could help you to propel your business.

For example, if you are planning to open an auto detailing business, you begin to analyze your strengths and weaknesses. Your passion of cars might be your strength as you have the technical expertise on it. Your previous background as a manager can also be your strength as you know how to manage people. However, several weaknesses that can come along your way might be poor network with raw material suppliers and the lack of available financing resources.

Some strengths can also become weaknesses and vice versa. For example, you have a large extended family. It might be a strength since your family members might join forces to help you run your business. In contrast, it might also be a weakness since having a large family involves huge living expenses. Being blind may be a handicap and definitely a weakness but it can be strength if you put up a massage services that target Non-Government Organizations for handicapped persons as your customers.

On the other hand, Opportunities and Threats are generally the things that you don’t have control of. These are external factors that you cannot manage. Factors such as social, legal, and political influences, economic and financial aspects, and technology can be some of these.

For instance, having a lot of networks with politicians and decision makers can be an advantage to you. The passage of a law that gives tax incentives to asset management companies is a legal opportunity that you can tap. In contrast, having a computer business requires continues upgrading of software and hardware and might be too costly for your business. Economic factors such as an economic slowdown due to rising oil prices may be the wrong time to start a new business venture and can be considered as a threat. However, economic indicators such as rise in employment rate and increase in volume of car sales might be an opportunity.

So before you start your business, you might want to do the SWOT Business Analysis. List down your strengths, weaknesses, opportunities, and threats.

Moreover, you can also use the SWOT Analysis in yourself. What are your strengths, weaknesses, opportunities, and threats as a person? Or a SWOT Analysis of a company, say Google SWOT Analysis. Or a SWOT Analysis of election.

The SWOT Analysis is truly a remarkable strategy to reach a particular goal. Read More......

What’s the difference between a businessman and an entrepreneur? Are they the same? They are somehow closely related as both do business. BUT I would say they are different.

To answer it directly, in a puppet and puppeeter relationship, an entrepreneur is the puppeeter and the businessman is the puppet. In an employee-employer relationship, the entrepreneur is the employer while the employee is the businessman. In short, an entrepreneur MANAGES a businessman!

Got it? What’s the meaning of entrepreneur from its etymology? - ENTERPRISE. Yes, an entrepreneur manages an enterprise.

It is usually an evolution. A businessman transforms into an entrepreneur. The former employee now becomes an employer. So that means this employee finally developed his way to widen his scope of the market, networked his products, hired people, and finally just stayed home just to monitor his business.

It’s not a one-tme shot! It’s a long process. An entrepreneur finds, creates, innovates ideas to do enterprise. When its’ ready and a system was already set up, then he will now organize businessmen, leave it to them to further enhance it. He makes way to meet them, interact, transact, and earn from them too.

How does an entrepreneur earn? He earns a little. Yes, you heard it right! An entrepreneur earns a little! BUT it was multiplied by a million times. The owner of McDonalds earns a little but it was mutiplied by thousands and million times as he now earns from each and every franchise of his store!

How about a businessman? A businessman attends to entrepreneur’s product, markets it, and in that way makes a living as his job.

BUT a businessman needs to evolve to become an entrepreneur. Have you ever thought of calling McDonalds to order a food? The owner is not the one attending to your orders but his people. And he earns from it! That’s an entrepreneur!

In the cashflow quadrant, a businessman is considered self-employed while an entrepreneur is considered as business owner. So a businessman is in the active income side while an entrepreneur is in the passive income side. A businessman works for money while money works for an entrepreneur.

So are you a businessman or an entrepreneur? Do you plan to evolve in case you are a businessman to become an entrepreneur?

Read More......

Many people use the terms "entrepreneur" and "small business owner" synonymously. While they may have much in common, there are significant differences between the entrepreneurial venture and the small business. Entrepreneurial ventures differ from small businesses in these ways:

1.Amount of wealth creation - rather than simply generating an income stream that replaces traditional employment, a successful entrepreneurial venture creates substantial wealth, typically in excess of several million dollars of profit.

2.Speed of wealth creation - while a successful small business can generate several million dollars of profit over a lifetime, entrepreneurial wealth creation often is rapid; for example, within 5 years.

3.Risk - the risk of an entrepreneurial venture must be high; otherwise, with the incentive of sure profits many entrepreneurs would be pursuing the idea and the opportunity no longer would exist.

4.Innovation - entrepreneurship often involves substantial innovation beyond what a small business might exhibit. This innovation gives the venture the competitive advantage that results in wealth creation. The innovation may be in the product or service itself, or in the business processes used to deliver it. Read More......

The concept of entrepreneurship has a wide range of meanings. On the one extreme an entrepreneur is a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population. On the other extreme of definitions, anyone who wants to work for himself or herself is considered to be an entrepreneur.

The word entrepreneur originates from the French word, entreprendre, which means "to undertake." In a business context, it means to start a business. The Merriam-Webster Dictionary presents the definition of an entrepreneur as one who organizes, manages, and assumes the risks of a business or enterprise.

Schumpeter's View of Entrepreneurship

Austrian economist Joseph Schumpeter 's definition of entrepreneurship placed an emphasis on innovation, such as:

* new products
* new production methods
* new markets
* new forms of organization

Wealth is created when such innovation results in new demand. From this viewpoint, one can define the function of the entrepreneur as one of combining various input factors in an innovative manner to generate value to the customer with the hope that this value will exceed the cost of the input factors, thus generating superior returns that result in the creation of wealth. Read More......