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Archive for the ‘Business Tips’ Category

1. Gourmet Food

This new business idea is highly recommended for those interested in food. There are several ways you can do this business. For example, Starbucks, the largest coffee chain in the world, began to provide a catalog of gourmet coffees, introducing changes to the form of coffee. An easy way of starting this business is hiring chefs who recently left a cooking school, and develop a menu different from what exists in the city, is different drinks, foods with a different spin, or a unique dish.

2. Foreign affairs (Asia and Middle East)

The second set of new business ideas is occupied by foreign business models. In the case of Latin America, more than copy or imitate American or European business, we must look to Asia and the Middle East. I noticed that there is a greater chance of success when it introduces a common understanding of a foreign country, America. For example, Chinese food is having a boom in Mexico, either as a buffet or fast food. Another example is the Arabic dance, it is fashionable in women’s gym classes.

3. Car Wash with Extra Services

In our list of ideas for new business have the lavaautos, but with a twist. This is good business by itself, since the investment is minimal, and prices can start from $ 50 pesos (5 dollars) for a simple washing. This gives an opportunity to generate income on the other hand, especially while waiting to be ready the car. Some services we could offer are coffee, bar, food, internet, etc.

Then based on this compilation are some ideas:

1. Not verify the competence of workers employed. Sometimes we assume that a worker is competent to do a task that seems obvious and the truth is often not be. What you should do always is to ensure that workers know and properly perform each task entrusted.

2. Try to avoid hurt feelings. You should not lie if something is wrong and you may need to fire someone if necessary. The truth is that you’re developing a business idea and these hiring competent staff in the areas you want, whether that competition is not real and made a mistake in hiring then explains that this has happened and take appropriate corrective action as soon as possible .

3. Blindly trust your employees. You should always keep in mind that your employees are your team and you need to delegate and learn to delegate tasks to them but ultimately you are the leader of your business idea and you should set the standards and policies within your company prevent workers at the end do things as they see fit using dissimilar criteria or do not conform to the vision that you have to put on your business idea.

4. Give conflicting signals. Try to have an internal manual that is clear to avoid that the workers may interpret your behavior as signals. This last aspect is one of the most common errors in novice entrepreneurs themselves as perhaps they are undergoing changes that their employees can be interpreted wrongly.

Before starting this venture, the entrepreneur should try to learn everything I can to make your new business become a profitable business idea but the truth is that it’s impossible to know everything and many things are learned along the way.

Among the things to learn one of the least importance is given by new entrepreneurs is on the recruitment and administration staff to work in the new company. Very quickly, however, the entrepreneur who wants to be successful, you will notice that its workers are an essential and fundamental for success in your business idea.

Many times for example there is the contradiction that one sometimes starts in the business world to escape from a bad boss and eventually you end up also being a bad boss.

At The Wall Street Journal have done a compilation of the basic mistakes we should avoid committing to manage our workers to whom I prefer to call our team.

1. Search and reserve company name in the public records (only for legal persons)
We must first go to the Public Records Office, and verify that there is on the market a name (name) the same or similar to what we want to put our company.

When searching for existing names, we must ensure that they do not look or sound like we’re going to use, there must be a minimum of 3 different letters. Once the search and confirmed that there are no same or similar names that we will use, we must reserve our name so that another company can not register with that name, being the booking for a period of 30 days.

2. Preparation of the minutes (only legal persons)
The bill is a preliminary document in which members of society expressed their desire to establish the company, and which identifies all agreements. The bill consists of the incorporation and bylaws, in addition to the inserts can be attached to it.

The key elements of a bill are:
* The general law each partner your personal information, names, age, identification, etc.
* Drawing of society.
* Type of society: for example, S.R.L, S.A, etc.
* Duration of the company: whether fixed or indefinite term.
* When will start business.
* Where to run the company (business address).
* What is the corporate name of the company.
* Where will they work for agencies or branches, if any had.
* Who will manage and represent the company.
* The contributions of each partner. These can be:
or property on money: money and media substitutes such as checks, promissory notes, bills, etc.
or non-cash assets, property or furniture such as desks, chairs, etc.
* Other agreements providing for the partners.
* The social capital or assets (contribution of the partners).

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The mission of a company is a lasting statement of the object, purpose or reason for a company.

Unlike vision, mission statement answers the question “What is our purpose?”, While the vision answers the question: “What we want to be?”.

The reason for establishing the mission of a company is that it serves as a reference point that allows all members of the company acting on the basis of this, ie get them to set goals, develop strategies, make decisions and execute tasks under the light of it, thus achieving coherence and organization.

The mission gives identity and personality to a company, showing outsiders such as customers or suppliers, the environment in which it develops, and allowing to distinguish it from other similar companies.

On the other hand, establishing the mission of a company, allows it to serve as a motivating force, ensuring that all company members feel identified and committed to it, therefore it is necessary to communicate and remember always made between all workers.