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10 Important Tips For Better Entrepreneurial Growth

1. Establish a scope of service

You should set current boundaries. For example, are you planning to extend your services to all States?

Or, you are planning to sell only in selected States? And if you are an online seller of clothes, will you be selling all clothes for everyone? Or, are you planning to sell only women’s clothes, men’s clothes, children’s clothes, formal wear, casual wear, etc.? Of course, you may extend your scope of service in the future.


2. Make a list of external stakeholders

What are stakeholders? These are groups, organizations, firms, and individuals that your business will have a connection to during its course of operation.


These include suppliers, service providers, creditors, and others.



Before you start a business, you should make a list of your stakeholders first.

Contact them and make an agreement with them.

If you will be selling computer accessories for example, you should contact several suppliers first.

Discuss things with them. Can they supply you continuously? Are they willing to give you discounts?

You may also want to make a list of lending firms so you know where to get additional funds when you need it.

3. Establish a well-planned organizational chart

Are you going to hire people to be a part of your business? If so, you will need to make an organizational chart.

This will define the flow of command and authority among your employees (who’s on top and who’s below).

It must be clear who makes the decisions, who reports to whom, who follows who, and such. This will avoid confusion.

4. Deliberate on the requirements for each job position

Now that you have an organizational chart, the next step is to set a list of qualifications for each job position.

For example, what qualifications do you think your webpage administrator should have?

Should he be knowledgeable in Html or Wordpress? Should he have an experience in sales?

Make sure that each job position is handled by a qualified person.

This is important if you want your business to succeed.

5. Decide on modes of receiving payment

How should your customers pay you?

When choosing a mode of payment, you have to make sure that your choice is available and accessible to your target customers.

For example, it may not be feasible to offer PayPal only as a mode of payment if half of your target customers have no access to PayPal.

 In which case, you may need to offer multiple payment methods.

6. Establish a business growth projection

You may want to start small in the beginning. Also, you may have set some limits in your scope of service.

 However, you must also make plans for future growth.

 If you are starting as a seller of adults’ clothes for example, you may want to make plans for selling children’s clothes too in the future.

Try to imagine what your business will be like after a year, after three years, after five years, and after ten years.

7. Know the law

The law has provisions on how entrepreneurs should run their business.

Make sure that you are aware of these laws. For example, you may have to register for tax returns and request for permits.

And because these laws differ from country to country, state to state, region to region, and city to city, you may need to research about your locality’s laws.

And if you will be selling products to different countries, you have to know that it is illegal to sell some items in some countries.

Make sure that you know what these countries and what these products are.

8. Plan an effective entry to the market

When you enter the market, make sure that you are noticed. Unless you are noticed, your business may not get customers.

How do you do this? In an online setting, online merchants usually use the following methods: Press Release submissions, Social Media advertisement, sponsored advertisement, Search Engine Optimization (SEO), email marketing, popups, and others.

9. Delegate tasks effectively

As the owner, it is not necessary for you to do everything.

You can delegate difficult tasks (ex. Managerial tasks) to other people.

This will allow you to do more things (ex. Focus on planning for your business’ growth).

 But delegation is a two-edged sword. If done correctly, it can do your business good. If done wrongly, it can be the downfall of your business.

 Make sure that you delegate tasks to the right people. Also, make sure that tasks are properly sorted among your employees. Make sure everyone knows their boundaries. This will avoid confusion as well.

10. Learn how to micro-manage your team

Although you are delegating tasks, your input is still necessary.

Do not let your managers and your employees do all the work.

Your presence is still important.

You have to supervise them every now then. This way, you will always know what is going on in your business.

You will be able to see when a problem or a potential problem presents itself. And although you do not want to doubt your employees, micro-management will prevent the possibility of human error, dishonesty and internal fraud.

Have a great day.

Some Fun Ideas To Make An Online Video

Each year, it seems as if something new hits the internet.  Lately, one of the hottest things on the internet is online video websites.

Online video websites are websites that will allow internet users to make their own videos, upload them, and share them with others.

With millions of internet users browsing through online video websites, there is a good chance that you could make a video and have it seem by thousands of internet users, if not more.

When it comes to making an online video, for an online video website, there are many individuals who are unsure what their video can or should be about.

What is nice about making your own homemade video is that you can make a video on just about whatever you want.

Of course it is important to keep in mind the terms of use of the online video website that you are planning on using, such as YouTube or Vimeo.

With most online video websites, you are prohibited from threatening violence on a particular person or creating a videos with excess pornography.


Before making your video, it is advised that you find an online video website and familiarize yourself with what is and is not acceptable. 

Once you have determined what is acceptable video content and what is not, you should be able to start developing ideas.

  While there is a good chance that you already know what you want your online video to be about, but there is also a chance that you have no idea.

 If you are making an online video for the first time, you may want to pick a video theme that is fun and easy to do.

If you enjoy the experience, you can then move on to creating longer online videos or ones that require additional work.

 When looking for easy to make videos, you may want to consider doing a comedy skit or a how-to video. 

When it comes to making a how-to video, you will be showing internet users how to do something.  That thing should be something that you love to do.

As previously mentioned, you may want your first video to be on a topic that is easy to create a video on.

  For that reason, you are advised to do a how-to video on something that you can explain in as little as a few minutes.

Your video could outline how to start making a particular food, how to prepare for a party, or even outline how to draw a particular picture.

 A step by step how-to video is a great way to not only get experience with making online videos, but it will also give internet users something to watch that is actually useful. 

As previously mentioned, comedy skits are also a great theme to try for your first online video. 

With comedy skits, you can do something as simple as traditional jokes or you could even make your own.

When doing a comedy skit, it is important to keep your jokes in mind.

 If you are planning on telling obscene jokes or ones that may be considered offensive, you may want to post a warning with your video.

This warning, often included in the video title, should be used to warn internet users to view your video with caution.

When it comes to making a comedy skit, even just a short one, you should not only be able to get experience making online videos, but you will also be giving most internet users a good laugh. 

For Example, How to Make videos and comedy skits are just a few of the many online videos that you can create.

 Once you have learned the ins and outs,dos and donts of video making, you may want to move on to other topics.

 In the event that you are a musician, you and your band could record your own music video and share it with the rest of the world.

 In addition to working on a rehearsed video, you could also just randomly record. 

By carrying your camcorder around with you, you never know what shots you could get.

  Many of the most popular videos found online aren’t really of anything in particular.

In most cases, it seemed if someone just happened to be in the right time, at the right place, with a camcorder. Enjoy.