In all our passions, we manage to bring out the entrepreneurs inside us. We make money out of the things we love to do. Some of them surpass the billion mark which makes them very prominent in the world for being among the richest and the wealthiest. Forbes magazine creates an annual list of the World’s Billionaire. Now, let us take a look at some of the richest individuals in the world.
For four consecutive years in a row, Bill Gates managed to top again Forbes’ magazine list of the world’s richest billionaires. Bill Gates is the co-founder of Microsoft Corporation. He also chairs the Bill & Melinda Gates Foundation which is the world’s largest private charitable foundation. Gates has been on the list for 18 out of the past 23 years. He has a fortune of $86 billion, up for $11 billion since last year.
Ortega remains to be the richest person in Europe and the richest retailer in the world. Ortega typically makes more than $400 million in dividends a year. He has financed an ever-expanding real estate portfolio, which includes buildings in London, Chicago, Miami, Madrid, Barcelona, and New York. As of August 2017, he has a net worth of $84.2 billion.
Jeff Bezos is the Amazon’s chief who is very notable for his quick surge to the top of billionaires. Bezos earned $30 billion more than last year as his online retailer’s stock increased. He owns almost 17% of Amazon. He attended Princeton and worked at a hedge fund before deciding to quit to sell books online. Bezos bought The Washington Post in 2013 for $250 million. As of August 2017, Bezos has a $80.7 billion net worth.
Known as the “Oracle of Omaha”, Warren Buffett is one of the most successful investors of all time. He first bought stocks at age 11 and first filed his taxes at age 13. Together with Bill Gates, he launched The Giving Pledge which asks billionaires to donate from their wealth. Buffett has nearly given $32 billion to charity. He has a net worth of $77.3 billion as of August 2017.
The ever famous Mark Zuckerberg is the cofounder, chairman and CEO of the ever famous social media platform Facebook. After dropping out of Harvard, he founded Facebook in 2004 at the age of 19 which help him skyrocket to the list of billionaires. He took Facebook public in May 2012 and owns about 17% of the stock. As of August, Zuckerberg has a net worth of $69.2 billion.
If you want to see the full list of Forbes’ World’s Billionaire in 2017, you can check this link. Forbes also ranks the richest men and women of various countries.
Finding The Best Air Conditioning Service Singapore
Have you been Googling “best air conditioning service Singapore” to find the best air conditioner repair and maintenance services in the area?
We need to maintain our air conditioning systems in order for it to function normally, and be efficient in consuming energy.
Aside from that, proper cleaning and maintenance lengthen the lifespan of your air conditioning unit.
That is why, if you have an air conditioner in your place, you should call a reliable professional air conditioning system services company even at least just once in a year to provide you with deep cleaning and maintenance on your unit.
Air Conditioner Repair And Maintenance Services
Air conditioning services don’t only offer installation and repair services. They also provide quality cleaning services and maintenance to every commercial and residential AC units, whatever types they may be.
If you want your unit to function efficiently and have a longer lifespan, ask them to provide a deep cleaning and maintenance to your unit.
Through this, interior parts are cleaned thoroughly. They also perform a functionality testing so see if there are parts that are near to damaging. Early diagnosis helps air conditioning unit owners to have them repaired earlier so as not to experience more inconvenience in the future. This also saves the functional quality of the system.
If you need an aircon servicing company in Singapore, here’s a guide to how you can find the best professional air conditioning system services company in the area.
How To Find The Best Air Conditioning Service Singapore
The internet can give you recommendations on where you can find the best aircon servicing companies today. Search for trusted and affordable cleaning services using different search engines.
Check the companies that are near your area
For more filtered and constrained results, you may try searching more specific phrases such as “best air conditioning service Singapore” and other related searches. This helps you find the cleaning companies that are located within your area.
Read the reviews
Check the customer satisfaction based on the company ratings and reviews. Through these, you may see whether they offer expert and great quality air conditioning services, or if they can be not as reliable.
Ask friends and relatives
If you have already found the best professional air conditioning system services company for your AC cleaning and maintenance, ask your friends and relatives who have tried availing the company’s services to confirm about the quality of service. That’s when you can be sure to know if they are highly reliable,
Contact or book a schedule
Choose a service on their website and book a schedule, or call their office for more inquiries so you can find an agreement and set a cleaning and maintenance schedule.
Choose And Professional Air Conditioning System Services Company In Your Area
Don’t just hire any kinds of air conditioner repair and maintenance services. Find an established company that specializes in been providing great quality AC services in your area for years.
Maintain the good quality of your AC unit and have it maintained regularly.
Being an entrepreneur does not necessarily mean that you start a business of your own original idea and concept. There are other ways entrepreneur earn as much as the earning of a startup business.
Here are five alternatives on how to start a business:
Invest in others businesses
If you do not want to run your own business, then invest in startups or established businesses. Putting your money in them can actually be as profitable as running them. You can fund startups – venture capital – if you believe that the startups have the potential of growing up huge someday. You can also share a capital to some other businesses and get returns according to your agreement. With this system, you just invest your money in others businesses without doing anything and expect an income from these.
Partner up with businesses
You can also become a partner in existing businesses. This involves doing day-to-day work in the business especially the areas which the founder could not focus on or is weak at including marketing and finance. Through this, you can be an entrepreneur, minus the startup phase. Further, you have the chance to choose what work to do depending on your specialization. Being a partner, you should also aim for the success of the business so that you can earn.
Intrapreneurship refers to the act of becoming like an entrepreneur while working within a large organization. Some corporations have structures that encourage workers to pioneer new business lines in return for bonuses or equity. If you can look for a company that has a culture of innovation, you can start your own business on it, with the benefits of startup capital from beginning and less personal risk.
Buy a franchise
Some entrepreneurs are afraid of taking the risk of starting a business from scratch. Some of them also are tired to work on the whole process of starting up. With this, a business in a box is perfect for them. An entrepreneur can buy a franchise, or the right to use a firm’s business model and brand prescribed by a period of time. There are many advantages to franchising. First, the brand is recognizable and established. Second, the resources are provided. You just have to pay to get the needed resources. Third, the sales return is already expected. There is a very little chance that the franchised business won’t sell, unless other external factors exist.
Buy an existing business
If you want another shortcut, you can buy an existing business. You will spend less time in the planning and the creation phase of the business. The infrastructure and location is already given, as well as the supplies and sales. Plus, you get to enjoy loyal customers who recognize the brand. However, the downside of buying an existing business is that it costs much higher that starting the business itself. It involves the starting cost plus the premium charge of the business having a proven viability.
These are just few of the many ways on how to earn without having to start your own personal business. Just keep on exploring until you find what venture is best for you.
Many people are now exploring the world of entrepreneurship and become one of the growing list of successful entrepreneurs.
Follow these 8 steps on how to become a successful entrepreneur:
Think of your passion
Do what you love and love what you do. Think about your passion of running a business. It is important that in everything you do, you can put your heart in it. If you are determined and persevered to start a business, then you can do it all the way. Just don’t give up until you reach your goals.
Build a diverse set of skills that you can apply in the real world setting. It is not enough that you know how to start a business. You have to learn other things including financing and marketing. You can read entrepreneurship books or surf the web for some advice.
Learn from the pros
Learning is easier if the lessons are taught by the real masters or those who can genuinely talk about business. Attend seminars, conferences or even small talks with successful entrepreneurs who can discuss how they started a business or how they overcame struggles. Put all the things you have learned in your heart and make it a fuel to start a business.
Create a target
Now it is the time to think about your target. Think about the possible business you want to start. You may sell goods or provide services. Make sure that the products or services you offer are those close to your heart in which you can relate to and will enjoy. Some entrepreneurs venture businesses that are not even close to their likes that’s why they end up failing.
Make a plan
Create a business plan that involves the steps and strategies that you will take in order to start a business. If you are planning to start a product business, think about things such as your supplier of products, the location of your business, the time of your opening, the people you will hire and others.
Ensure financial stability
This is one of the most important steps in which you shall make sure that you have the money to start the business. You can never begin if you do not have a capital. Make sure that you have the money to buy the goods, to pay the rent, to pay the people and other things. Further, make sure you have backup money to support in cases of contingencies.
Take baby steps
This is the time that you can start working on your business. Buy goods from your suppliers; look for possible locations and rent; setup the store; hire people and start. Do not rush things as you may end up with wastes and hasty decisions. Do everything little by little.
Build a reputation
The last step is to build your reputation. Utilize various marketing and advertising platforms to create brand awareness and establish your business in the market. The simplest way is to use social media to promote your business.
Entrepreneurs undergo various obstacles in organizing and managing their business. It is important that they remain strong to keep their business running.
Here are the top five habits that one entrepreneur should adopt:
Strong Work Ethic
As an entrepreneur, you should always have the conviction and perseverance to accomplish goals for the business. It should be a habit to have a very strong work ethic. While it is important to do what you are passionate about, it is also necessary to be so committed to looking for ways on how to better your business. A strong work ethic requires that you dedicate your time and your energy to meet the objectives of the business. This is a habit of successful entrepreneurs who are not tired of doing the business every day.
An entrepreneur should make it a habit to never settle for less. Always explore other opportunities and avenues to expand your skills and the strengths of your business. Focus on improving yourself and your business. You may face challenges and obstacles, but remember that those problems are important ingredients towards consistent self and business improvement. Practice new skills and implement them in the real world to help you in achieving your goals.
Setting More Goals
The primary goal of an entrepreneur is the success. But below that main goals are sub-objectives that you need to accomplish before reaching the ultimate success. You should set more goals for the business. Make sure that these goals will be realistic and achievable. Do not set a goal that you are aware that you cannot reach for this period of time. Make it a habit to aim for new things and opportunities. Do not settle for the mini-achievements that your business is enjoying. Make it more!
Separate Business from Emotions
Running a business is a very big responsibility. It requires your blood, sweat, tears and time to achieve success. It may be draining for entrepreneurs, especially during the first phase of managing a business. No matter what the circumstance will be, do not let your emotions affect your business. Make it a habit that you understand your responsibility as an entrepreneur and that you are aware ahead of the possible obstacles you may face. If you let your emotions intervene to your business problems, both of you will fail and lose. It is important that you control your emotional responses to stressful situations.
Centered towards Customers
If you love your business, love more the people that make your business successful – and that will be your customers. While it is important that you run a business to earn much money, you should also put in mind to give back to your customers. Build a relationship between your business and them. Let your customers feel that you’re genuinely grateful for their support. You can give back by adding value to your products and services, providing promos, freebies and discounts and many more things.
Do you believe that these habits should be practiced by entrepreneurs?
10 Must-Have Qualities of Successful Entrepreneurs
Here are top 10 qualities a successful entrepreneur has:
An entrepreneur shall be fueled by his or her passion to start or manage a business. It may be a cliché but it is a reality that when you have the passion for what you do, you are likely to succeed. Always have the dedication and commitment to do what you love. If it is your passion to engage in business, make sure you put yourself in it, through ups and downs and never give up.
An entrepreneur should be open to new ideas and insights from other entrepreneurs and members. You should be available for constructive criticisms. Being open-minded means you accept what others may say to your business. Some may take it negatively, however, these insights and feedback are made to better your business and succeed.
As an entrepreneur, you should be creative in your strategies, styles, and techniques to improve your business. Anticipate and use knowledge to generate new ideas. Look for alternatives, solutions and practical ways that will be essential for the growth of your business.
If you trust your business, people will also do. Always make sure that you are confident with your passion to do a business. You should invest in your business believing that it will soar high and reach new heights. Believe in your business and in yourself, that together you will accomplish everything.
You should be persistent to reach your goals. Be eager to act and confront obstacles that may come in your way. You will experience series of failures ahead of you but do not lose hope. Be optimistic to overcome and overpower all the challenges in the business. Remember, your goal is to succeed. Be persevered!
If you are too dependent on other people and their resources, you may end up failing. You should learn how to do it yourself. Do not rely on others to do your business. Be hands on with the decision making, operations, and problem-solving processes. It is not bad to seek others for help, but it is better for you to grow as an entrepreneur.
Do not settle for less, take a risk. A good entrepreneur knows how to take risks and is optimistic that the actions will yield good results. Be charismatic that you can deal with the complexities of the business. If it requires you to invest more, invest! If you need to buy more resources for a more productive and efficient operation, do it! Do not be afraid to spend money as long as it is for the better of the business.
An entrepreneur should also be a critical thinker. Do not think simple, think complex in a way that you do not limit yourselves to given solutions for a certain problem. Look for alternatives and apply solutions that will provide you better outcomes. If you are a critical thinker, you can decide better and you can solve problems more efficiently.
It is important for an entrepreneur to grow one’s networks. You should build relationships with other entrepreneurs, manufacturers, employees, customers and other essential stakeholders. Time will come when you will need your connections to better your business.
Lastly, you should have a focus on your business. If you are thinking a lot of things other than your business, you will likely to lose. Make sure that you are profit-oriented and that you have clear goals and plans all for the growth and success of your business.
4 Major Reasons Why Entrepreneurs are National Assets
Entrepreneurs are the masterminds of businesses that offer products and services. They invest their money in businesses to generate income and profit. They are considered national assets because of their huge contribution to the economy. Businesses are very important for the success of a country.
Here are 4 major reasons why entrepreneurs are very important:
Creates New Businesses
Entrepreneurs are the brain behind the businesses that provide the citizens easy access to quality goods and services. These businesses can also generate employment to the citizens which can support their family. Thus, we need these business-minded individuals to create an avenue to support the survival of the citizens. Apart from they need income, entrepreneurs make it convenient and accessible for citizens to obtain their needs and wants. Entrepreneurs open food stores and hardware shops. They are also behind call center companies, network maintenance corporations, and educational facilities, among others.
Contributes to National Income
Entrepreneurs start businesses to create income. However, they are not focused on their personal growth only, they are also huge contributors to the success of the national economy. Businesses regularly pay their taxes to the government. Their taxes are a huge portion of the government’s budget for various projects including road construction, building improvement and more. Further, products and technologies from entrepreneurs allow new markets to be developed, thus new wealth will be created. Businesses help to boost national income.
Promotes Social Change
Entrepreneurs are brilliant individuals who make living easy for individuals. They think for new ways, new systems with the latest technology to better their goods and services. Through their unique offerings, entrepreneurs break away from conventional systems and embrace modernizations. This results in a more improved quality of life, greater morale and economic freedom. During obsolete times, people have to collect water from afar, but now, there is automatic and low-cost flow-based pump that can fill home water containers instantly. Everything now is instant. Service providers can do errands for you. Thus, entrepreneurs promote social change.
Entrepreneurs do not just end up making themselves rich. But, they are also concerned with developing communities. Most entrepreneurs venture into community projects and provide financial support to foundations and local charities. They love to give back to what they have been blessed. This is how they express their gratitude to the loyalty and the trust of their customers. Apart from the help they provide, this can also promote their business more and establish it as a community-oriented organization. Some prominent entrepreneurs including Bill Gates use their money to finance good causes such as education and public health.
To cut it short, the more entrepreneurs mean more outlets of quality goods and services. They also provide jobs for the people. Businesses have a huge impact on a sound and stable economy. In return, the government shall also promote and maintain their relationship with entrepreneurs. They should assist start-ups by providing financial assistance. Start-up is where all large corporations started. Thus, the government should take good care of the young entrepreneurs.
A state that is livable is a state with easy access to various products and services. Thus, the role of businesses is very vital to the survival and existence of the local citizens. It is important to promote good business setting and environment in one state or locality. Here are the advantages and benefits of businesses for the local economy:
If there are many businesses in one state or country, there will be more jobs available for the citizens. A family can be stable if at least two members have a stable and good-paying job. Employment is a major factor of success as it influences standard-of-living metrics including disposable income, home foreclosure rates, and small business start-ups. When people are employed, it means that they are paid off their services which can support their respective families.
Local Tax Income
One major source of income for the local government is the tax. Businesses pay a huge portion of all the taxes, including income tax, property tax, and employment tax, among others. Since businesses are required to pay taxes to continue their operations, the government’s income will become stable. This taxes will be used for the improvement of state facilities including road repair, building construction, and government programs.
Businesses provide a wide variety of products. More product businesses mean that it will be easier for locals and citizens to purchase goods. They will no longer have to travel distant places to avail a good or purchase outside their state or country. Further, businesses can support the local produce of the farmers including fruits, accessories and other products. Individuals in the local economy are able to sell their products at a local business which will benefit everyone.
Access to Services
Same with products, services will be more accessible if there are more businesses in an area. A state or country with heterogeneous types of businesses can raise the standard-of-living of the area. Services include home repair, auto maintenance, plumbing, HVAC repair, lawn care, movie theaters and beauty salons, among others. Locals will no longer have to go to other states just to avail a service.
Businesses are strong partners of the government with their programs and projects. Businesses with a strong connection to the community can lend a hand in community-focused political actions. The business can support financially or even help in organizing the programs which will also benefit the people. Further, service providers can be contracted by the government to accomplish certain projects. Further, businesses can take an active part in political campaigns.
Local businesses can attract customers to love local products and services. The more local businesses, the more loyal customers which can generate more income. The more profitable a local business is, likely it is to be successful to regularly contribute to the government’s income. Customers are the most valuable component of a business as they are the source of their income.
It is important to support our local businesses as they contribute a lot to the local economy. Local businesses also bridge the gap of consumers to a wide variety of goods and services.