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Being an Entrepreneur – Know the Five Fundamental Truths

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<span lang="EN-US"><span style="font-size: large;">Entrepreneurship,
difficult but hand rewarding task to board on. A growing trend shows an
increase in number of entrepreneurs with increasing number of start ups. This
clearly elevates a trend moving towards entrepreneurialism.  </span></span></div>
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<span lang="EN-US"><span style="font-size: large;"><br /></span></span></div>
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<span style="font-size: large;"><span lang="EN-US">Being an
entrepreneur, crossing various herculean tasks, it is a significant leap that
teaches you the fundamental truths of being an entrepreneur.</span></span></div>
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<span style="font-size: large;"><b><span lang="EN-US"><br /></span></b></span></div>
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<span style="font-size: large;"><b><span lang="EN-US">1.Get ready for the
     leap</span></b></span></div>
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<span style="font-size: large;">A scary task that comes first is to quit a full time salaried
employment and take the transition of being an entrepreneur. To prepare with,
make yourself aggressive with your target market. Connect with as many people
as you can and develop your own network. A possible option for a smooth
transition is by having a part time entrepreneurial venture by keeping your
fulltime job.</span></div>
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<b><span lang="EN-US"><span style="font-size: large;"><br /></span></span></b></div>
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<b><span lang="EN-US"><span style="font-size: large;">2.Dare to ask for help</span></span></b></div>
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<span lang="EN-US"><span style="font-size: large;">People’s willingness to help is always a surprising factor. Meet and
learn from experts and entrepreneurs from the targeted field to gain more
knowledge. Be open to ask for their help. Do not hesitate to ask so that you
may lose the most valuable advice of the day. Also never forget to return a
favor someday when an aspiring entrepreneur reaches an inspiring
entrepreneur,   “YOU”.</span></span></div>
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<b><span lang="EN-US"><span style="font-size: large;"><br /></span></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">3.You- the face of the
     company</span></span></b></div>
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<span lang="EN-US"><span style="font-size: large;">At the early stages, the main brand of the company is YOU. You will
be involved in all major deals mainly business development and sales. An alert
is required to be and to give a motivational speech and a sales target to you
and your team. Never mind being an introvert, saying that I will not be able to
deliver the necessary targets; it just takes an extra effort with more
practice. Nevertheless this will be the most challenging and rewarding phase of
your life.</span></span></div>
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<b><span lang="EN-US"><span style="font-size: large;"><br /></span></span></b></div>
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<b><span lang="EN-US"><span style="font-size: large;">4.Never sacrifice your
     routine being</span></span></b></div>
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<span lang="EN-US"><span style="font-size: large;">One of the hardest tasks to execute, you will go through different
challenges to differentiate yourself from your competitors like working
weekends, late nights and be it holidays. But it is still necessary that you
spend a quality time for yourself. Keep your mental health calm by spending
time with family, friends and enjoy your best hobby. This is a definite truth,
so make time for yourself if not kindly schedule it among your tasks for the
days.</span></span></div>
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<b><span lang="EN-US"><span style="font-size: large;"><br /></span></span></b></div>
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<b><span lang="EN-US"><span style="font-size: large;">5.Yes and no</span></span></b></div>
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<span style="font-size: large;">Be flexible with yourself and learn to say no whenever needed. At
the early stages with all the eagerness we would like to accommodate all the
clients that reach us to generate more profit. But as days pass by we will
understand not all clients are worthwhile. Understating this you learn to say
no, which is one of the most important part being a successful entrepreneur. </span></div>
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Being an Entrepreneur – Know the Five Fundamental Truths

Entrepreneurship, difficult but hand rewarding task to board on. A growing trend shows an increase in number of entrepreneurs with incre...

Staying Calm- Learn From Successful People

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<span lang="EN-US"><span style="font-size: large;">TalentSmart,
world’s premier in providing Emotional Intelligence (EQ), have found that 90%
if skilled performers are best at managing their emotions mainly at times of
stress to remain within. Stress, an absolute necessary emotion when explored
can create serious damage to ones physical and mental health. It’s harmless
when stress isn’t prolonged. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;"><br /></span></span></div>
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<span lang="EN-US"><span style="font-size: large;">A study done by
Elibeth kerby, a post doctorate shows that stress induces growth of new cells
in brain, however this is achieved only if the stress is irregular or broken.
However if stress prolongs, it suppresses the growth of new cells. Increasing
the level of risk of heart disease, depression, obesity it also decreases ones
performance. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;">In order to
overcome stressful situations one should have well coped strategies. Some of
the best strategies followed by top and successful performers are as follows. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Appreciate what you have<o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US"><span style="font-size: large;">Work daily to cultivate
an attitude of gratefulness to increase energy, improve mood and physical
well-being. This helps in reducing the stress hormone cortisol by 23%. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;"><br /></span></span></div>
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<b><span lang="EN-US"><span style="font-size: large;">“What if”- They avoid asking it <o:p></o:p></span></span></b></div>
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<span lang="EN-US"><span style="font-size: large;">What if fuels on
more fire of stress and worry. Spending more time on worrying the possibilities
will lessen the time need to focus on the action to be taken, automatically resulting
in more stress. Calm people know that asking “what if?” will only take them to
a place they don’t want or need to go.  </span></span></div>
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<span lang="EN-US"><span style="font-size: large;"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Stay positive<o:p></o:p></span></span></b></div>
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<span lang="EN-US"><span style="font-size: large;">One’s positive
thought will always help to break stress and make the brain to focus on
something that is stress free. Give your wandering brain a positive thought to
refocus attention. When things are moving in a wrong direction your mind will
flood with negative thought which is a great challenge to bring focus again.
The best thing to overcome is to identify one positive thing that happened in a
day be it however small. If not from the same day, think of a better day coming
ahead. The point here is that you must have something positive that you're
ready to shift your attention to when your thoughts turn negative.</span></span></div>
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<span lang="EN-US"><span style="font-size: large;"><br /></span></span></div>
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<b><span lang="EN-US"><span style="font-size: large;">They disconnect<o:p></o:p></span></span></b></div>
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<span style="font-size: large;"><span lang="EN-US">Take a regular
time off can reduce stress.  Studies have shown that something as simple
as a break from an email can lower stress levels.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Technology enables constant communication and the expectation that
you should be available 24/7. A stress-free moment outside of work is extremely
difficult to enjoy when an email changes your path of thought and get you
thinking about work can beap onto your phone at anytime.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Choose your ways of time where you
cut the cord and go offline during weekdays, if that is more difficult choose
weekends. If you’re worried about the drawbacks of taking this step, first do
it when you are unlikely to be contacted, maybe a Sunday morning. Grow more
comfortable with it, and as your colleagues start to accept your offline time, gradually
expand the amount of time you spend away from technology.</span></span></div>
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<span style="font-size: large;"><span lang="EN-US"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Limit caffeine intake<o:p></o:p></span></span></b></div>
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<span style="font-size: large;"><span lang="EN-US">Intake of
caffeine increase release of adrenalin. The fight or flight mechanism sidesteps
rational thinking in favor of a faster response. Your emotions overrun your
behavior, when caffeine puts your brain and body into this hyperaroused state
of stress.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">The stress that
caffeine creates is far from intermittent, as its long half-life ensures that
it takes its sweet time working its way out of your body.</span></span></div>
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<span style="font-size: large;"><span lang="EN-US"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Sleep</span></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;"><span lang="EN-US">Sleep, your
brain recharges, shuffling through the day’s work and storing or discarding
them, so that you wake up alert and clear-headed.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">One’s self-control, attention, and memory tend to reduce when you
don’t get enough and the right kind of sleep. Deprived sleep raises stress
hormone levels on its own, even without a stressor present.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Take time to get a decent night’s
sleep is often the one thing keeping you from getting things under control.</span></span></div>
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<span style="font-size: large;"><span lang="EN-US"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Squash
Negative Self-Talk</span></span></b></div>
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<span style="font-size: large;"><span lang="EN-US">Stopping
negative self-talk, that will help in managing stress.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Most of our negative thoughts are just thoughts, not facts. You
will be more rational and clear-headed in evaluating their veracity once you've
taken a moment to slow down the negative momentum of your thoughts. It is just
your brain’s natural threat tendency, when it feels like something always or
never happens, inflating the perceived frequency or severity of an event. To
escape from the cycle of negativity and move toward a positive new outlook, identify
and label your thoughts as thoughts by separating them from the facts.</span></span></div>
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<span style="font-size: large;"><span lang="EN-US"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Perspective - reframed<o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;"><span lang="EN-US">Stress and worry
are fueled by our own skewed perception of events. We can’t control your
circumstances, but can always control the way how you respond to them.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Take a minute to put the situation
in perspective.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">If you’re thinking
statements such as “Everything is going wrong” or “Nothing will work out,” then
reframe the situation. A great way to correct this thought pattern is to list
the specific things that actually are going wrong or not working out. Most
likely you will come up with just some things and the scope of these stressors
will look much more limited than it initially appeared.</span></span></div>
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<span style="font-size: large;"><span lang="EN-US"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Breathe<o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;"><span lang="EN-US">The easiest way
to break stress is in something that you have to do everyday anyway: breathing.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">When you’re feeling stressed, take a
couple of minutes to focus on your breathing. Close the door, put away all
other distractions, and just sits in a chair and breathe. Spend the entire time
focused only on your breathing, which will prevent your mind from wandering.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Sounding simple, but it’s hard to do
for more than a minute or two. Try counting each breath in and out until you
get to 20, and then start again from 1, if staying focused on your breathing proves
to be a real struggle. Don’t worry if you lose count; you can always just start
over.</span></span></div>
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<span style="font-size: large;"><span lang="EN-US"><br /></span></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US"><span style="font-size: large;">Use your support system<o:p></o:p></span></span></b></div>
<div style="text-align: left;">

</div>
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<span lang="EN-US"><span style="font-size: large;">It feels good, to
attempt tackling everything by yourself, but still ineffective. You need to
recognize your weaknesses and ask for help when you need it so that you could
stay calm and focus. Everyone has someone at work or outside work, who is in
their team, rooting for them, and ready to help them get the best from a
difficult situation. Identify these individuals in your life and make an effort
to seek their help when you need it. Sometimes as simple as talking about your
worries will provide a great relief for your anxiety and stress and give you
with a new perspective on the situation.</span></span></div>
</div>

Staying Calm- Learn From Successful People

TalentSmart, world’s premier in providing Emotional Intelligence (EQ), have found that 90% if skilled performers are best at managing ...

Building a Startup? Ways to Handle Fear of Failure

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<span lang="EN-US"><span style="font-size: large;">Often people fail at what they want most because they never start,
or they start and give up too early. This is because of the fear of failure.
Instead, redefine what failure is. Failure is living under the threat of
our fears and letting them own us. Success is feeling the fear and doing it
anyway. Success is in the attempt, not in the outcome. We change the rules of
the game in our favor by redefining failure. It makes us feel less fear, which
actually makes it easier to work toward the success we want.</span></span></div>
</div>

Building a Startup? Ways to Handle Fear of Failure

1.Fear is just a feeling, not a reality Force yourself to admit that fear is just a feeling and it means nothing much really. Recogn...

Daily Routine of Successful Entrepreneurs

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<br /></div>
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<span lang="EN-US"><span style="font-size: large;">Entrepreneurs
are not machines. They way they care for themselves mentally and physically has
much to do with their success. All successful entrepreneurs make sure they
create and maintain a daily healthy and well being routines.</span></span></div>
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<span lang="EN-US"><span style="font-size: large;">Each
entrepreneur should know what their priorities are and set their own routines.
Here are the eight essential routine parts of an entrepreneur.</span></span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">1.Physical activity – many individuals may not wish for a daily
     exercise but this is a most important fact, be it even if it’s walking a
     physical activity is a must.</span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">2.Healthy and nutritious meal – try to have a healthy meal in the
     morning to have a daylong productivity. Intake of low nutritious meal with
     cause fatigue crash.</span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">3.Early bird – successful female entrepreneurs wakes up an hour
     before in order to get some quantity time for themselves.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">4.Wake up naturally or to nature sounds – the best alarm ticks
     are those mimics of nature like chirping birds or pleasant classical or
     meditation music.</span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">5.Set tasks for your workday – determine your most important
     tasks for the day. Schedule them accordingly so that each task is given
     valuable time.</span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">6.Creative work may be creative work may be best when tired best
     when tired - When you’re tired, your brain isn't as your brain isn't as
     efficient at filtering out distractions and making connections between
     ideas, making you ideas, making you more open to new ideas.</span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">7.Pack up for the day – turn off all electronic equipment and
     gadgets before an hour’s time to bed. Total relaxation before bedtime is
     necessary.</span></div>
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<span style="font-size: large;"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-size: large;">8.Journal writing – try personal journaling and make it positive.
     Be grateful of what you have accomplished and received. </span></div>
</div>

Daily Routine of Successful Entrepreneurs

Entrepreneurs are not machines. They way they care for themselves mentally and physically has much to do with their success. All s...

As Business Grows - Maintain Your Startup Culture

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<span lang="EN-US"><span style="font-size: large;">Maintain
your company culture will automatically speak through all your discussions with
clients and customers. It is always best to have a mission statement and list
of values that are clearly circulated among team members.  </span></span></div>
</div>

As Business Grows - Maintain Your Startup Culture

Startups, always sounds interesting. A trending culture of today is that they want to start a startup, work for a startup, or work wit...

Launching a Startup? Here’s Your Check Sheet

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<span lang="EN-US"><span style="font-size: large;">Everybody has a
business plan in mind but still do not have an idea to proceed. This article is
about how to plan and create a successful small business. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;">Being dictated,
fed up with long and frustrating commutes at work creates a mentality of having
their business these days. Many people want the freedom of being their own boss
of their own company and create their own team and working hours. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;">Leaving a full
time career is a risky prospect. There are two kinds of people attitude.
Leaving a full time employment with a regular income and other benefits like
PF, pension, share saves are always risky and people dare to take risk leaning
all these befits and thereby they keep their business plan as a mere idea lifelong.
On the other hand people are willing to take the risk and see it they the best
out of it. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;">As a common
mentality, one used to think of the nice and creative things of their business
ideas like logo, brand name etc. But one should remember that this is not the
fundamental need for a business and should stop spending more time in it.
Naming your business idea is more of an important aspect and one should take an
extra care that the chosen name should align to targeted sector. Gimmick names
based in website domains and trends are to be totally avoided. </span></span></div>
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<span lang="EN-US"><span style="font-size: large;">Now coming to
the most important factor is that the INVESTMENT. This is the most essential
part of any business plan. It is always advisable to have a low start up cost
as we can always buy or rent the necessary equipments and materials in the near
future. </span></span></div>
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<span style="font-size: large;"><span lang="EN-US">Following are the order in which the business
check sheet is to be prepared.</span><b style="text-indent: -18pt;"><span lang="EN-US"><span style="font-stretch: normal; font-weight: normal;"> </span></span></b></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">1.Mission statement</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">It comprises of a one to three line paragraph of your business
principles and objectives. It  is important
that you mention the unique selling point of your business.</span><b style="text-indent: -18pt;"><span lang="EN-US"><span style="font-stretch: normal; font-weight: normal;"> </span></span></b></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">2.Executive summary</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">This part will help investors to look into your business plan. This
will be a one to two page summary of your business.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US"><br /></span></b></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">3.Product/ service offered</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">Always give a neat description of your product being sold.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">4.Target market</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">Always present your primary and secondary research and mention how
your target market benefits from the services offered.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">5.Marketing plan</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">The most important marketing plan of any business is advertising and
promotions. It is necessary to have a market plan as to how show how you will
tap the target market.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">6.Competitor analysis</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">Prepare a complete industry and competitor analysis that includes
all stakeholders of your business. It is important that you include all governmental
and regulatory agencies.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US"><br /></span></b></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">7.Financial statements</span></b></span></div>
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<span lang="EN-US"><span style="font-size: large;">A careful play with numbers. Each numeric means something in your
balance sheet. It must complete and accurate. Your balance sheet must balance
at the end of every period.  Your income
statement must settle to your cash flow statement, which settles to your
balance sheet. To back up your projections, you must have supporting schedules
(e.g., depreciation and amortization schedules). If building your own financial
model is difficult seek for qualified professional for more help.</span></span></div>
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<span lang="EN-US"><span style="font-size: large;">Always use realistic projections. Always analyze how quickly you’ll
achieve positive cash flow. Investors do vary in their standards, but wish to
see positive cash flow within the first year of operation, particularly if this
if your first venture. In estimating the growth of your business, you will make
certain assumptions, and this should be based on thorough industry research
combined with a strategy for how you’ll compete. </span></span></div>
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<span style="font-size: large;"><span lang="EN-US">Know your business, for accurate projections. If you’ve built an
accurate and realistic model, but still project negative cash flow for more
than 12 months, then it is time to rethink business model.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US"><br /></span></b></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">8.Background of company principals</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">Include complete professional backgrounds of all employees of your
business.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Emphasize on how their
backgrounds prepared them to take on the challenge on running your new startup.</span><span lang="EN-US" style="background: white; color: #4d4f51; font-family: "Helvetica","sans-serif";"> </span><span lang="EN-US">Also, if your employee’s business background
is from a different industry, you can also emphasize on how this can be an advantage.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US"><br /></span></b></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">9.Your offering</span></b></span></div>
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<span style="font-size: large;"><span lang="EN-US">Present the level of investment to be seeked and the purpose of
usage of these funds. If you’re selling business units, state the individual
price per unit.</span></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US"><br /></span></b></span></div>
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<span style="font-size: large;"><b style="text-indent: -18pt;"><span lang="EN-US">10.Seek professional help</span></b></span></div>
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<span lang="EN-US"><span style="font-size: large;">Once you are done with your business plan seek a professional like Certified
Public Accountant (CPA) or Lawyer, banker or insurance broker for more help. This
will help you identify to catch details, errors or omissions you’ve made. They
will also help you to give more viability on your project. <br />
</span></span></div>
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<span style="font-size: large;"><b><span lang="EN-US">The next and the most
important aspect of any business is marketing.  </span></b><span lang="EN-US"> This can be done through many ways like direct
marketing in the form of leaflets, the internet via a website, advertisement in
the newspaper or websites, exhibitions, trade fairs, advertisement in the
yellow pages and social media.</span></span></div>
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<span lang="EN-US"><span style="font-size: large;">It
is most important to realize that mistakes come along the way. Think positive when
this happens and not to beat ourselves up. This will be a learning experience. Have
a strong trust in yourself. Any business will go through a rocky period; this
is when we need to be strong. The more work we put in, the more will be
rewarded.</span></span></div>
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