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Sunday, December 21, 2014

Assessing Risk

The risk orientation of entrepreneurs varies. People often think that entrepreneurs have a predilection for exposing themselves to great dangers and hazards. That is not the case. Very often, they don’t think they’re really taking any unreasonable risks at all. They just have a certain clarity of thinking, and they see things that others don’t. So the kinds of risks they are taking are calculated.
As an entrepreneur, you should always be asking, “Is there a way of doing this more safely?” It is important to recognize that no matter how much you work on your business plan, there will always be unexpected twists and turns. Part of determining what is a reasonable risk involves asking the “what if” questions. You work through what could go wrong and then ask, “What can I do if these things happen? At what point should I decide to reassess or change course?” Then you look at the kinds of things that you can do to prepare for different scenarios. You may feel that there are certain bets you must make in order to succeed. But understanding the critical assumptions that you are making about your environment and your capabilities and how potential hazards can be avoided or controlled – that thought process is a calculating process. It doesn’t mean you have all the answers, but you do have a very well thought-out vision.

Assessing Capabilities

Another basic ingredient of entrepreneurial success is a good understanding of the characteristics of successful individuals. You not only need cognitive skills that allow you to recognize worthwhile opportunities and take advantage of them, but also key personality traits of passion, commitment, and resilience. Do you have these characteristics? Do you know what it will take to be successful? You need to understand that the risks of new business failure are high; most start-ups do not succeed. You also need to be aware of your motivation – is your goal primarily financial wealth, or are you primarily interested in the personal fulfillment that you will achieve through your entrepreneurial journey?

Knowing the basics of financial and market planning and how to write a good business plan are important. You should consider getting help from people who have proven skills in these areas. You will need to be good at pitching your business plan in order to get funding support, so you need to develop those kinds of skills. If your business involves a new type of product, then you have to have a proof of concept. As soon as possible, you need to demonstrate some credibility in terms of what you have to offer – for example, securing an important customer or set of customers that will demonstrate that you have something valuable. That will allow you to get further financing to continue growing the business.

Finally, a key part of the company’s success will be based on the people factor, on leadership and team building. You need to recognize that a good grasp of organizational behavior issues and methods is at least as important as – if not more important than – a good grasp of financial and marketing issues and tools.

Ноw То Recognize Opportunity

 
As children wе sаw opportunity аrоund еvеrу corner. Wаs thаt true fоr уоu? І knоw thаt іt wаs fоr mе. Lіkе thе time whеn І wаs еіght years оld аnd discovered а weight loss program thаt wаs typed оut оn а small piece оf paper іn mу parents dresser. Іt read, "Lose Ten Pounds Іn Ten Days".

It dіd nоt tаkе mе but twо days bеfоrе І hаd рlасеd а classified ad аskіng fоr $1 tо learn thе secret recipe tо losing weight. Аnd guess whаt, people sеnt mе money!

What happened tо us? Whеrе dіd аll оf thаt creativity соmе frоm аnd whеrе іs іt now?

Creativity lives аt thе core оf еvеrу person оn thіs planet; І guess уоu соuld sау thаt іt іs а раrt оf оur vеrу nature. Іt іs hоw wе thіnk аnd behave, аnd nо matter hоw fаr оff thіs road оf creative ability wе hаvе seemingly driven, wе hаvе tо bеlіеvе thаt еасh оf us stіll hаs thаt magic wіthіn us.

I bеlіеvе thаt creativity іs thе natural outflow оf оur creator. Тhіnk аbоut іt, thе creator hіmsеlf, thе master creator аnd designer оf аll thаt wе sее аrоund us created уоu! Аnd іn dоіng sо, hе рlасеd thе essence оf hіs оwn nature аnd creative ability wіthіn уоu. Frоm thе smallest molecule tо thе ice flake оn thе windshield оf уоur car creativity саn bе sееn. Аll оf creation аrоund us speaks оf forethought, exactness аnd detail.

Creating sоmеthіng оut оf nоthіng іs а раrt оf whо wе аrе, іt іs thе great governing factor іn аll оf оur lives.

Ideas Тhаt Create Cash Оn Demand

The fіrst time І met Joe Sabah, іt wаs аt а seminar thаt hе wаs teaching. Не told оf аn іnvеntіоn hе hаd created аs а young child. Не remembers thе times thаt hе sat іn class аnd watched аs kids wеnt tо thе teacher's desk tо sharpen thеіr pencils. Тhеу wоuld insert thе pencil іn оnе еnd аnd аs thеу dіd, thеу wоuld grab thе handle wіth thе оthеr аnd start grinding аwау. Joe thought tо hіmsеlf, wоuldn't іt bе wonderful іf sоmеоnе соuld attach sоmе kind оf motor apparatus tо thаt sharpener thаt wоuld mаkе іt sо thаt thе pencils соuld bе sharpened automatically. Не wеnt оn tо draw uр plans іn exact detail thаt wоuld mаkе thе fіrst electric pencil іn thе history оf mankind роssіblе. Wow, hе thought tо hіmsеlf, whаt аn idea!

Do уоu knоw whаt happened nехt? Тhе bell rang, Joe tооk thе paper thаt hе hаd worked sо hard оn, tore іt uр аnd threw іt іn thе trash саn аnd wеnt tо recess. Ideas, wе аll hаvе thеm, but whаt dо wе dо wіth thеm? Well, thе fact іs thаt thе majority оf оur ideas јust sit thеrе. Fоr аll intents аnd purposes wе dо whаt Joe dіd thаt day іn class, wе wade thеm uр аnd throw thеm away.

A great example оf thіs wаs mу wife's uncle, Denny Proctor. Denny worked fоr а construction company. Ніs job wаs tо gо frоm construction site tо construction site аnd treat freshly cured concrete foundations wіth а special waterproofing sealant. Не wоuld stand day аftеr day spraying concrete solution wіth а special high powered wand. Оnе day hе hаd аn idea thаt wоuld change hіs life forever!

What іf sоmеоnе created а high pressure wand thаt everyday people соuld attach tо thеіr garden hose аnd usе tо clean thеіr car wіth? Іn fact thеу соuld usе іt tо clean thе exterior оf thеіr house, lawn mower оr аnуthіng еlsе thеу needed tо washed. Аlоng wіth hіs brother thеу created а special power washer аnd thеу called іt, Jet-X Sprayer! Yоu mіght remember sееіng оnе оf thе mаnу commercials thаt wеrе run bасk іn thе 1970's selling Jet-X. То sау thе lеаst millions оf dollars оf products wеrе sold аs а result.

Ideas аrе а dime а dozen... thе person whо puts thеm іntо practice іs PRICELESS!

Sunday, April 27, 2014

BUSINESS IDEAS

A4 Size Paper from Jambo Rolls
Paper is one of the most important and widely used consumer materials with an endless ability to be transformed. It is writing paper, paper used for printing. Paper is often characterized by weight. In the United States, the weight assigned to a paper is the weight of a ream, 500 sheets, of varying "basic sizes", before the paper is cut into the size it is sold to end customers. Paper can be classified as: Printing papers, Wrapping papers, Writing paper, Blotting papers, Drawing papers, Handmade papers.The largest standard size paper is A0 (A zero), measuring one square meter (approx. 1189x841 mm). Two sheets of A1, placed upright side by side fit exactly into one sheet of A0 laid on its side. Similarly, two sheets of A2 fit into one sheet of A1 and so forth. Common sizes used in the office and the home are A4 and A3.Due to high demand of A4 Size Paper everywhere around Schools, Offices, Colleges, the entrepreneur enter in to this field will be successful.
                Maize Processing Unit
(Starch, Glucose, Germs, Fibres, Gluten & Steep Water)
The maize also called "Corn or Indian Corn" is widely cultivated in India; Maize ranks high among the four or five principal cereal crops of the world. Maize is utilized in more diversified ways than any other cereal. The grain is quite nutritious, with a high percentage of easily digested carbohydrates, fats and proteins and hardly and deleterious substances. In many underdeveloped or developing countries, including India, maize is an important food crop. Besides food, maize and maize products have numerous industrial uses such as in adhesives, explosives and soaps, and for textile sizing, etc. Maize starch is employed in the manufacture of asbestos, ceramics, dyes, plastics, oil cloth, linoleum, paper, and paper boards, and in textiles, mining, deep oil drilling, and cosmetic and pharmaceutical industries.The average yield in India is 1.68 MT/ha. About 4 million MT is used as animal feed, about 5 million MT is dry milled and 2 million MT is wet milled. Maize is cultivated in almost all states in the country. The crop is grown both in Kharif and Rabi seasons in India with a share of 85 per cent and 15 per cent, respectively.
Copper Sulphate from Metallic Scrap Copper
Copper is one of the most widespread materials used in the production of electronic equipment and found in multiple appliances as, e.g. circuit boards. Copper recycling has lately become more important due to the depletion of the earth copper resources and thus the increased price for raw material. The development of recycling processes is an important issue to effectively utilize the copper resources, minimize the adverse effects of hazardous materials and protect our environment. The processes used for copper recycling depend on the copper content in the raw material, its size distribution, and other constituents.Today, annual consumption of copper is more than nine times as large. The annual usage of copper throughout the world has doubled since the 1970’s to reach almost 20 million tons in 2005, of which 70% was produced by mining and 30% by recycling.
Glass Bottles using Broken Glass
(Recycling of Glass)
Glass is an amorphous (non-crystalline) solid material that exhibits a glass transition, which is the reversible transition in amorphous materials (or in amorphous regions within semi crystalline materials) from a hard and relatively brittle state into a molten or rubber-like state. Glasses are typically brittle and can be optically transparent. Millions of glass bottles are created worldwide every day. It is a highly mechanized process, and bottles in use today are no longer hand blown as they were in the past. A glass bottle is 100% recyclable with many new bottles containing glass which was created over 20 years ago. Less energy is used in recycling a glass bottle than creating the glass from raw materials, helping the environment.Worldwide, the alcohol industry is the largest user of glass packaging, which accounts for as much as 76% of all packaging of global spirits. According to Euro monitor nearly 200 billion units of glass sold in alcoholic drinks in 2012. The Indian Economy has been enjoying sustained growth for more than a decade, averaging of over 7% since 1997. Even during the 2008 global meltdown, the country had shown remarkable resilience.
Pesticides/Insecticides (Technical Grade)
Pesticides are substances meant for attracting, seducing, destroying or mitigating any pest. They are a class of biocide. The most common use of pesticides is as plant protection products, which in general protect plants from damaging influences such as weeds, diseases or insects. Pesticides can be classified by target organism, chemical structure and physical state. Biopesticides include microbial pesticides and biochemical pesticides. Plant-derived pesticides, or "botanicals", have been developing quickly. These include the pyrethroids, rotenoids, nicotinoids, and a fourth group that includes strychnine and scilliroside. The global market for crop protection chemicals, in terms of active ingredient volume was estimated at 2,075.5 KT in 2011 and is expected to reach 3,136.1 KT by 2018, growing at a CAGR of 3.2% from 2013 to 2018. India produces 90,000 metric tons of pesticides a year. India’s pesticide industry is the largest in Asia and the twelth largest in the world. With over 400 million acres under cultivation and over 60% of the country’s population dependent on agriculture, the country’s economy depends on the agricultural sector to a substantial extent.
Corn Flakes
Corn flakes being one of most nutritious foods and is consumed as breakfast food not only in India but-elsewhere in the world.Basically, it is prepared from maize; this is the main raw material. Flavours, like sugar or salt are also added. Maize, the main raw material, is itself a corn grain. Corn flakes have very good taste. Though several other breakfast cereals are also available in the market but they are still to gain popularity. Besides the good taste, crispy nature, corn flakes are also popular because of their friable texture, blend flavour and above all the ease with which it can be prepared for consumption. Corn Flakes can be manufactured either of the two white or yellow corns. The only difference is that flake formed using yellow corn is more dark in colour. From raw corn flakes (before roasting) corn syrup can be prepared. It is prepared by removing starch from maize by soaking and treating with chemicals. It is also being used by liquor industry for manufacture of beer etc.It all began with Kellogg's entry in India with its cornflakes. It was marketed by the establishment of a 100% subsidiary as Kellogg's India, being the parent company's 30th manufacturing facility, at a total investment of USD 30 mn at Taloja, near Mumbai (Maharashtra). India is considered as one of the largest market for breakfast cereals worldwide. The company was aiming at a business volume of Rs 2 bn in three years' time.When Kellogg's  entered India, the per capita consumption of breakfast cereals was a low 2 gm per family per annum which increased to 4.5 gm against 5 kg per annum globally.
Caramel Colour
Caramel is a well-known Pure and simple, brown means flavor and staple commercial material. It is an amorphous, dark-brown material that has been produced by the carefully controlled heat treatment of saccharine materials such as dextrose, invert sugar, lactose, malt syrup, molasses, sucrose, starch hydrolysates and fractions thereof, etc. The heavy-bodied, almost black syrup contains colour, components that impart the amber shade found in carbonated beverages, pharmaceutical and flavoring extracts, candies, soups, bakery products, and numerous other foods. Caramelization, the act of breaking up the natural sugar molecules in food to create a different flavor compound, makes everything taste better. Caramelization is one of the most important types of browning processes in foods. It is the interaction between sugar and sugar.The global food colours market was worth an estimated $1.45 billion in 2009, relays an August 2010 market report, "The Global Market for Food Colours," by Leatherhead Food Research. World usage of food colours is currently about 40,000-50,000 tons. From 2005-2009, the global market for natural colours increased almost 35% in value, with much future growth expected to come from natural colours and colouring foodstuffs. Foods account for some 67% of the food colouring global market, followed by soft drinks (28%) and alcoholic beverages (5%).
Instant Tea
Instant tea is a form of tea that is derived from brewed tea. Its dried granulated form can be made into a beverage with the addition of cold or hot water. Instant tea is typically lower in antioxidants than traditional tea and comes in a variety of flavors. Instant tea may be formulated for use in making either hot or iced tea. It quickly dissolves in water.The basic process for manufacture of instant tea as a soluble powder from dry tea leaf includes extraction, concentration and drying.Instant tea comes in many flavors. Popular instant tea flavors include lemon, cinnamon, fruit juice and other flavorings. Green, black, chai, white and herbal teas are all available in instant form. There are four main types of tea which are, white, green, oolong, and black, all which are born from the same species of plant. India is both the world’s largest producer of tea and the world’s thirstiest consumer. Although India produces almost 30% of the world’s tea it exports less than 20% of the world’s supply. The industry has also been a major foreign exchange earner besides providing billions of hot cups of invigorating drink to the people of India.
Toffee, Candy & Milk Chocolate
Chocolate is a key ingredient in many foods such as milk shakes, candy bars, cookies and cereals.Chocolate, candy and gum are some of people’s best-loved treats. These sweets have been enjoyed around the world for thousands of years. Early man developed a taste for sweets by digging honey from beehives. The confectionery category includes products such as chocolate, gum, sugar confectionery, gummies/jellies, hard candy, toffee and fudge. The main reasons for purchasing are convenience, passive health, age, choice and pleasure.The toffee and candy are used after meal, dinners as smooth refresher. It drives away bad smell from mouth and refreshes the breath. Sometimes it causes good sensation while chewing. The chocolates market is estimated at around 33,000 tonnes valued at approximately Rs 8.0 bn. The counter market is estimated at about nearly Rs 2.5 to 3.5 bn and the rest is made up of chocolate bars. The demand for chocolates in India has been on the upswing in keeping with the economic boom leading to a rise in consumer spending. While the big players like Cadbury and Nestle are marching ahead, smaller, local and neighborhood chocolate makers are expanding their reach and going national. Among these, Sweet World, Candico and Chocolatiers have taken full advantage of the increasing number of malls and multiplexes to advance their products.
Plastic Granules from Plastic Waste
Plastic is a very common material that is now widely used by everybody in this world. Plastic is used in many ways as it is light weight and compact. Plastic can be recycled and new products can be formed from waste plastic. Though all types of plastic cannot be recycled a considerable portion can be recycled so that the environment is protected. Plastic recycling involves the process of recovering scrap plastics and these waste plastics are then reprocessed to form new materials that may be different from their original state.Plastics are divided into two distinct groups: thermoplastics and thermosets. The majority of plastics are thermoplastic, meaning that once the plastic is formed it can be heated and reformed repeatedly. The other group, the thermosets, cannot be remelted. Once these plastics are formed, reheating will cause the material to decompose rather than melt. In order to be reprocessed, plastics waste has to be ground to a particle size close to that of virgin resin. The size reduction in most cases is accomplished with the use of a granulator. The per capita consumption of polymers in India is around 5.5 kg. The average per capita consumption of polymers is estimated 90 kg for the US and 22 kg for China. While the global average consumption is estimated at 17 kg per person. The demand estimates for all polymers including engineering polymers was envisaged to increase from 7.5 mn tonne in 2006-07 and to 9.5 mn tonne in 2009-10. It was projected at close to 14 mn tonnes in 2014-15. India is one of the fastest growing polymer market in the world, and is expected to become the world's third largest polymers market, with a consumption of 12.5 mn tonne, after the US and China, by 2010.
Refining of Crude Soyabean and Palm Oil
Soybean oil is very popular with rich value of Omega 3 and Omega 6. Those fatty acids regulate lipid and cholesterol metabolism and prevent narrowing in artery veins. In addition its high content of vitamin B makes digestion easier and by this feature it prevents chronicle digestion problem and constipation. Soybean seed contains about 19% oil. To extract soybean oil from seed, the soybeans are cracked, adjusted for moisture content, rolled into flakes and solvent-extracted with commercial hexane. The oil is then refined, blended for different applications, and sometimes hydrogenated.Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms, primarily the African oil palm Elaeisguineensis, and to a lesser extent from the American oil palm Elaeisoleifera and the maripa palm Attaleamaripa. Palm oils consist mainly of glycerides and, like other oils in their crude form may consist of small and variable portions of non-glyceride components as well.