Saturday, July 17, 2010

Challenges When Setting Up a Business

Challenges When Setting Up a Business

Starting a business is not a joke. Sure you might have had romantic notions about sitting in a plush office, with the cool air of the air conditioner blowing in your face. With a hot cup of coffee in your hands, as you look on to the floor full of customers. With business pouring in and a general congenial air about. Great thought, but it might not always come true. You know that right? I'm not trying to burst your bubble here, but just laying down facts. Starting a business is no child's play. There are a lot of challenges when setting up a business and for a long time after, till it finally reaches a point when it can earn you some profits. Until that stage comes there are a lot of challenges when setting up a business that you'll have to encounter.

The good news is that if you know about some of the challenges when setting up a business, you can avoid them. But in order to do that, we must know what are some challenges when setting up a business.



Experience and Skills
Many people (note how I did not use the word entrepreneurs) who get into a business do so without having any experience or skills to start a business. Neither do they research the business nor the market, effectively. Running a business requires you to have skills in all spheres that are important to operate a successful business. These include accounting, marketing, ordering etc.

Solution: Research the market well and know your business sufficiently enough that you can start it without reaching a dead end every single day. (You cannot be an expert on the first day, I understand that.) Having hands on experience really helps because it helps you to be in the thick of things and know exactly what problems you might encounter in a business. It also gives you the ability to solve those problems. Therefore, even if it means having to work in a related business before hand, gaining experience and skills and then branching out on your own, do it.

Capital
This is one of the most difficult challenges when setting up a small business. A business of this stature usually runs into a lot of difficulty when getting loans from an external source, and that is why they have to usually depend on their own savings or on borrowed money from friends. Limited funds have a direct effect on the growth of the business because there are not enough funds to expand immediately and the pressure to pay off debts is high.

Solution: Get the idea clear that there will probably be no profits to speak of for a year or two after you start business. In fact, it is not uncommon for new businesses to run into small losses. Once that is clear, you will probably find it easier to go on. Secondly, try and save as much capital as you can before starting out. Do not just foray into it, but plan, study and then get into it. Read more on small business financing.

Hiring Staff
This is a difficult challenge to face when it comes to small businesses. That's because, neither do you have enough capital to offer them benefits nor a very high pay.

Solution: The only argument that you can go with here, in the hopes of winning is if you word it differently. Never lie to your staff and promise them wages or benefits that you know you cannot give them, but you can definitely offer them hands on training and experience and the opportunity to grow with the business.

Time Management
When it's a new business and you're in charge, the staff's queries and the different issues will be yours to solve. It can get quite overwhelming sometimes. How do you deal with this?

Solution: There are two things you can do. Keep someone in charge. Then delegate duties to him so that some of the issues will be handled by him; or if that is not an option, you will have to wait it out. With time and experience, for both you and the staff, things will smoothen out and get better. Consult people who have businesses and talk to them about the specific challenges you are facing. Their points of view might help you to solve some problems. Read more on business leadership.

Expanding Business
If the business has to survive, it needs to expand to include the newer, better ideas that are foraying into the market. If they do not do that, they'll be run over. But the owner's lack of experience and skills might prevent this from happening. Read more on business growth strategies.

Solution: Why not go into a partnership with other businessmen who have the skills and a large client base for networking? Having a large network of people is always beneficial in expanding a business. By pooling different talents together, you can make a very successful business happen. Read more on business partnership and business networking.

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Important Tips for The New Blogger

Important Tips for The New Blogger


Blogging has managed to allow just about anybody to have their own online voice. Everyone, regardless of age, ethnicity, and gender uses blogs, be it for personal use or business. Blogging has made life more convenient in so many ways. It's a great way for businesses to get low-cost exposure and get the word out about new products. Blogging truly is a huge leap in the online world.

A blog is nothing more than a personal journal where people can post thoughts, ideas, and opinions. If you have a blog, chances are you have thrown away your pencil and paper. Not only can you store large amounts of information on your blog, you can save notes, recipes, and personal letters there as well.

Many people compare having a blog to having their own car in that you can pick the color and style, and you can even control the speed at which it moves! You can also think of a new blog as an unfurnished home. Adding widgets, articles, and modules make it more attractive and compel people to stay longer. Like a car, a blog can also take people to many different virtual addresses. Your blog is determined by your personality, much like your car and your home. In short, a blog can become a big part of your life.

Lanching a new blog is not an easy task and it will require responsibility and committment. You'll find lots of information about things you should do with your blog. That's why I wanted to provide you with some tips for things you shouldn't do in blogging.

1. You must not put offensive pictures or words on your blog. Freedom of speech is great, but it isn't absolute. It is governed by respect, and offending others is a sure fire way to fail in blogging.

2. The contents of your blog are essential. It will determine whether people will continue to visit your blog or never come back after the first visit. Words that sound harsh or offensive should be left out of your blog. It's alright to have some heated debate on your blog, but causing a huge uproar isn't good.

3. You must decide who your targeted audience will be. Don't write content that is off the subject or wouldn't interest them at all.

If you are planning to use your blog for business, here are some helpful tips:

1. Heed the three points listed above.

2. Remember that the customer is your first priority. Do not offend your customer by using unpleasant words in your articles.

3. Use words that are easily understood. Statistics show that the average American reads at an eighth grade level.

4. Never presume that the customer knows all about your business. Write detailed articles that explain what your business is all about.

Here are a few general blogging tips:

1. Don't clutter your blog. Simple blogs with traditional colors are easiest on the eyes. The colors that you pick should be relative to the subject of your blog. It's a good idea to look at other blogs and websites that are in the same business as yours and study their layouts.

2. Use a large and clear font. The two best fonts for blog articles are Arial and Times New Roman.

3. Update your blog frequently. You don't have to post every day, but you should post at least twice a week.

4. Don't let your design get stale. Every 6-8 months change your template or color scheme.

5. Make sure you have an area for reader feedback. Set up a poll and get the opinion of your readers on important topics such as what kind of content they would like to see.

Qatar Unveils 5 Solar Stadiums for 2022 World Cup

In its efforts to win the bid to host the 2022 FIFA world Cup, Qatar has announced plans to build five stadiums. In fact Qatar 2022 has even released the concept plans for the design of these proposed stadiums. Designed by Albert Speer & Partner GmbH, these proposed stadium designs display striking and dramatic looks but also incorporate state-of-the-art technology in an effort to stand out from the crowd bidding to host this popular tournament. These proposed designs were unveiled to the world at ‘Sport Accord’, the world’s largest sporting convention in Dubai.

Each one of the stadiums has either been inspired by a specific element of Qatari culture and tradition, or acts as a symbol to the rest of the world of the relationship that Qatar shares with the competing nations. What is more, the structures will make the most of solar technology to serve the power requirements. Using innovative climate control technology, temperatures within the stadiums are set to stay below 28°C, despite the nation’s fierce heat, making the 2022 FIFA World Cup the first ever cooled outdoor sporting event.

What is more, Qatar 2022 has announced that post the world cup, many modular components of the stadiums no longer needed will be dismantled and shipped to other countries in order to promote football development.

Currently, AS&MP have presented designs for five football stadiums located across Qatar, two of which are adaptations of existing buildings. The proposed stadiums are as follows: The Al Rayyan Stadium is currently situated 20km northwest of the capital, Doha. Plans are to adapt the existing building, surrounding it in a membrane-like structure onto which will be projected match updates, tournament information and other filmic material. The plans also include doubling the seating capacity.

The second adaption will be the Al Gharafa stadium situated close to the city of Doha. The facade of the existing stadium is to be transformed into a vivid explosion of color and the seating capacity will be doubled. Al Shamal stadium will be a brand new stadium with a capacity for up to 45,120 people.

Proposed to be situated in north of Qatar, the design of this stadium has been inspired by the traditional local fishing boats of the Gulf, ‘dhows’. Al Wakrah is another brand new stadium that is more than a stadium, in fact it is proposed to be a huge sports complex complete with multi-purpose hall, themed swimming-pool, spa zone and shopping mall alongside the obvious sports facilities.

Finally, is the Al Khor stadium (another brand new one), that will boast of a seashell-inspired asymmetrical structure set in landscaped gardens and with a capacity to hold 45,330 football fans. Besides being able to watch more than one match per day, all stadiums will be linked to the brand new metro system allowing fans to travel from one stadium to another through public transport. Qatar will have to wait till December 2010 for FIFA will make their final decision as to which of the 11 bidding nations are to host the 2022 FIFA World Cup. Until then click here to view each stadium design.


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