A very concise presentation on What a Business is?, and the core features or characteristics of very successful businesses. Also included are ways to develop profitable Business ideas, ways to set achievable business goals and also some ageless business quotes for some of the worlds's most successful Business men/brands.
3. According to the Collins online dictionary, A Business is work relating to the
production, buying, and selling of goods or services.
A commercial activity engaged in as a means of livelihood.
Professors Williams P., Hughes R., and Kapoor J., defines it as; The organized effort
of an individual or a group of individuals to produce and sell, for profits, goods and
services that satisfy society’s needs.
Discover How To Turn Your Spare Time Into a Side-Income
4. Points of Emphasis from the Definition:
1. A Business therefore seeks to make profit through an
individual or group of individuals working towards common
goals.
2. Every Business requires some form of investment and enough
customers to whom its output can be sold to on a consistent basis
in other to make consistent profit.
3. Therefore every Business must provide a service, product or
goods that meet a need of society in some way.
Discover How To Turn Your Spare Time Into a Side-Income
5. A BUSINESS IS SAID TO BE
FRUITFUL IF IT CREATES PROFIT
CONSISTENTLY AND EXPANDS.
THUS ANYTHING FRUITFUL IS
PRODUCTIVE. IT GROWS AND
PRODUCES JUST LIKE A FRUIT
TREE.
D I S C O V E R H O W T O T U R N Y O U R S P A R E T I M E I N T O A S I D E - I N C O M E
6. 3 Key Characteristics of every Business:
1. It must be done in an organized way.
2. It must be meeting a need in the society.
3. It must seek to expand and make
consistent profit.
Discover How To Turn Your Spare Time Into a Side-Income
7. HOW TO DEVELOP A BUSINESS IDEA:
Look inwards and identify the needs – you can begin
from your home, your immediate environment, etc.
Seek to proffer solution to the needs identified above.
Scale up and out gradually.
Discover How To Turn Your Spare Time Into a Side-Income
8. HOW TO IMPLEMENT YOUR
BUSINESS IDEAS.
1. Learn to ASK. Seek for divine aid / help in making and taking
your Business decisions. Asking is a skill necessary to
succeed. Ask intelligently and be specific and focused.
2. Set Goals – this will compel you to become the person it
requires you to become in other to achieve them. Your passion
will help fuel your drive to achieve your goals.
Discover How To Turn Your Spare Time Into a Side-Income
9. Still on Goals - How to set Goals?
Set realistic goals. Goals can be divided into short term (1 day to 1 year) and
Long term goals (1 – 10 years).
The following questions can help you set both your short and Long term goals :
What do I want to do?
What do I want to be?
What do I want to see?
What do I want to have?
Where do I want to go?
What do I want to give or share?
Discover How To Turn Your Spare Time Into a Side-Income
10. 3. Business Plan – you certainly cannot do without them. Have a simple but
well written, business plan that can be flexible.
4. Start small and be consistent.
5. Be disciplined and focused. The smallest discipline can have an incredible
effect in your attitude. Focus on seeking solution and not the challenges you
face.
6. Time management. You cannot achieve your goals if you cannot effectively
manage your time.
7. Learn from the experiences of other successful business owners, and
DON’T STOP LEARNING! Wise entrepreneur / investors never stop
learning new things.
Discover How To Turn Your Spare Time Into a Side-Income
11. TASK
Write down 7 pressing needs in your life.
Attempt to assign a stream of income to each need.
The goal of this task is to help you see the need to diversify your
sources of income. If have less than four (4) income streams to cater
for your needs, you could experience financial strangulation and all
the attendant side effects like anxiety, fear, e.t.c
Discover How To Turn Your Spare Time Into a Side-Income
12. RECOMMENDED BUSINESS
OPPORTUNITY LINKS
FREIGHT BROKER – no experience needed and completely
newbie friendly.
YOUTUBE Business Opportunities.
The only WEALTH COURSE you need right now.
13. IN
CONCLUSION:
D I S C O V E R H O W T O T U R N Y O U R S PA R E T I M E I N T O A S I D E - I N C O M E
14. S O M E N OTA B L E Q U OT E S :
“ B U S I N E S S O P P O R T U N I T I E S A R E L I K E B U S E S , T H E R E I S A L W AY S
A N O T H E R O N E C O M I N G . ”
R I C H A R D B R A N S O N
“ E V E R Y P R O B L E M I S A G I F T – W I T H O U T P R O B L E M S W E W I L L N O T
G R O W . ”
A N T H O N Y R O B B I N S
“ T H E R E I S N O S H O R T A G E O F R E M A R K A B L E I D E A S , W H A T ‟ S M I S S I N G
I S T H E W I L L T O E X E C U T E T H E M . ”
S E T H G O D I N
“ I D O N ‟ T K N O W T H E W O R D „ Q U I T. ‟ E I T H E R I N E V E R D I D O R I H AV E
A B O L I S H E D I T. ”
S U S A N B U T C H E R .
15. S O M E N O TA B L E Q U O T E S C O N T D . :
“ A L M O S T E V E R Y T H I N G W O R T H W H I L E C A R R I E S W I T H I T S O M E S O R T
O F R I S K S , W H E T H E R I T ‟ S S T A R T I N G A N E W B U S I N E S S , W H E T H E R
I T ‟ S L E A V I N G H O M E , W H E T H E R I T ‟ S G E T T I N G M A R R I E D , O R
W H E T H E R I T ‟ S F LY I N G I N T O S P A C E . ”
C H R I S H A D F I E L D
“ F O R G E T P A S T M I S T A K E S . F O R G E T F A I L U R E S . F O R G E T E V E R Y T H I N G
E X C E P T W H A T Y O U A R E G O I N G T O D O N O W A N D D O I T. ”
W I L L I A M D U R A N T
“ T H E W AY T O G E T S T A R T E D I S T O Q U I T T A L K I N G A N D B E G I N
D O I N G . ”
W A LT D I S N E Y
“ T H E R E A R E N O S E C R E T S T O S U C C E S S . I T I S T H E R E S U L T O F
P R E P A R A T I O N , H A R D W O R K , A N D L E A R N I N G F R O M F A I L U R E . ”
C O L I N P O W E L L
C U L L E D F R O M P R O J E C T M A N A G E R . C O M
