How Can Busy Entrepreneurs Recognize and Solve Business Problems?

What Are You Missing? Start-up executives can become too close to the project, to busy managing the minutia, and stretched too thin due to lack of staff, time and financial resources to notice the flaws in their plans. In most cases, the work is extremely hard and requires numerous, long hours that turn into days and then turn into months. It becomes difficult for the Founders, and executives to stay focused on the critical tactics and strategies necessary to lift their company to the next phase in growth.

Meetings with trouble-shooting Consultants or venture Coaches can help Founders navigate through the challenging times and rough waters of launching a startup. Experienced Consultants know how to walk the fine line between enthusiastically recognizing the business model and market potential while offering critical consulting advice and strategic planning. Founders need to recognize that the Consultant’s analysis and criticism is a strategic necessity for the realization of the company’s short term and long term potential. Moreover, a good Consultant will be able to quickly assess the strengths and weaknesses of the plan and zone in to recognize the problems or blockages – good Consultants are natural trouble shooters and problem solvers. Founders need to recognize when their plans are not being realized and take the risk by hiring and paying for an outsider who can become a part-time addition to the company’s strategic capital.

In a recent meeting with confident and enthusiastic Founders of a promising startup business, let’s call it The Glick Company, and myself (a business venture consultant), it became evident that the Glick’s Founders were overlooking and not performing on several critical issues in their plan.

In this case, the Glick executives had an incomplete product launch and capital strategy. They were busy working on the product refinements and hoping for one large customer that they were not paying attention other critical problems. Collectively, the Founders could not “see” some of the problems that were blocking the progress of their company. One of the two Founders determined outside advice was critical for the company to reach its potential. Many of the strategic pieces were in place, but the firm lacked the cohesive tactical and execution plan in several areas.

After a meeting and several telephone calls, the consultant identified that the Glick Founders had not tested the product in the marketplace, put together any other pricing or marketing strategies (besides the one large deal), did not have a strong capitalization plan in place and were not aware of how to take advantage and re-position their strengths for an upcoming investors meeting. There were workable solutions to their challenges, but it took an outsider to recognize the challenges and provide a vision and a plan for the executive management team to follow.

During the two hour meeting between the Glick Founders and the Consultant, the payoff was recognizing what was not working and how to avoid additional, future problems.

The meeting ended with several new ideas, plans and strategies for the Glick team to implement. The product was to be tested in the market place; the Founders would have very useful and accurate feedback from a qualified focus group. Marketing materials outlining the features and benefits of their product were going to be developed. The Glick sales team was to begin marketing the product to the top 1000 qualified buyers to try to obtain Letters of Intent and fill the manufacturing pipeline. Back up manufacturers in place were to be found and pricing guidelines and models were to be implemented. We determined ways to best present the company, the team strengths and the progress at an upcoming investors meeting to ask for additional capital investments. Each of the solutions became milestones towards the progress of launching the product in the marketplace.

Would this outcome have been the same without hiring a Consultant or a Coach? It is hard to say, but the Glick team was extremely pleased with the time and money spent working through some of their strategic challenges and determining new solutions to existing problems. Within a week after the meeting, I received a email from the Founder stating that the investor meeting went well and additional capital was raised. This was the best news I could hope for….

VoIP Solutions – Realise Your Business Dreams

VoIP Solutions are very important means by which people can utilise its services to make long distant calls at amazingly low call cost. The users can actually depend on it to actualise their business dreams and come to the forefront of becoming world leaders in business. The services offered by VoIP providers are also very encouraging and make it possible for people to utilise VoIP to expand in business ventures.

The business VoIP solution serve as an uncompromising solution to excel in business ventures. People can depend on VoIP services that bring them solace in the form of quality voice, 3 way calling facility, call waiting, return call and repeat dial facilities. The users can thus rely on this technology to excel in their business ventures.

The VoIP business solutions are now offered by both wholesalers and resellers of the service. The users can rely on the technology to meet their business needs. Thus, calling at low rates is now a reality with the Voice Over IP. People can depend on the technology to make international calls at local call rate. It is possible because the technology makes use of digital packets that are transferred over internet network to distant places of the world. The users find the technology useful for now they can send images, voice and videos simultaneously while transferring a call to an end user.

The VoIP solution provider in the form of resellers and wholesalers of the technology are available at distant places of the world. The users identify themselves with the technology and use the same for fulfilling their communication needs. So, making a call from distant places of the world is no longer a problem with the introduction of the business VoIP solution.

Moreover, the technology being new has overcome all traditional barriers in the form of long drawn wires, high charges for calls forwarded and constraints in the technology that include non deliverance of messages and inability to share files, videos and photos. Then there are also other premium features available with the system. This includes routing a number, filtering calls and even listening to messages that are pre-recorded.

Thus, with such advanced system, voice calls make communication very reliable to users worldwide. People can depend on it to make international calls for hours being free of the concern of high phone bills. There is no other alternative available for low cost calling. The method is simple and effective. Users rely on it for high-end services that include caller ID identification besides call forwarding and call waiting facility.

The users of the VoIP Solution should, however, check the bandwidth with the service provider. This is necessary as good voice quality depends on the bandwidth provided by the service provider. Moreover, the other facility offered by VoIP is supported in the presence of good bandwidth. Thus, the users should maintain a codec of atleast 64 KB stream that gives rise to a large IP network. In the presence of this codec, the users can access all facilities offered by the technology. Business houses can completely rely on Voice Over IP in the presence of a good broadband to meet all their business requirements.

The concept of repeated dialing and not getting connected is completely dispelled by VoIP. It allows a number of people to join in for a conference simultaneously. People can depend on the service to meet their daily requirements and to satisfy clients across the globe.

How to Turn Successful Business Ideas Into Your Reality

Online, you will find several successful business ideas. However, these ideas are worthless if you do not act to turn them as your reality. You have at least three ways to do this. One is to recognize your opportunities as they come knocking on your door. Two is to build your connections. Three is to identify and keep your best practices going for the sustainability of your profitability.

Recognizing Business Opportunities

The internet is a vast marketplace where business opportunities are plentiful. However, you must also understand that not all of these opportunities are suitable for you to profit online. Therefore, you must learn how to recognize the right opportunity when it comes knocking on your door. Don’t let it pass, or you miss the chance to make money from a potential income-generating business.

You can find successful business ideas from entrepreneurs running their own businesses on the web. Identify gaps or inefficiencies and then build your business to fill in the gap or to correct inefficiencies. As long as you can satisfy the needs or wants of a market you are interested about; you can become a successful business entrepreneur, whether online or offline.

Building Your Connections

To turn your business ideas into successful reality, the key is to connect with your target market. You have to know what their needs and wants are, and how they want their solutions delivered to them.

Studies show that most consumers are using the internet to get information and to buy what they need and want. If trends continue in 2013, about 88+% of the online population globally will rely on the internet for their solutions and shopping requirements.

Of the more than 88% online consumers, almost half of them or 42% are gathering information about what they need or want to buy from the internet. 21% of them read reviews online before they decide to purchase. Successful business ideas seriously consider the statistics on consumer behavior.

To connect with your target market, give them the information they need to help them make better decisions. Let them realize how they will find their solutions from your business and benefit from it.

Maintaining Your Best Practices

As you turn your business ideas into reality, it is essential that you track your progress. This will enable you to identify your best practices, and either correct or discard those that do not yield profitable results. In doing this, you will be able to save on cost, increase your productivity, and widen your profit margin.

The internet is a vast marketplace where successful business ideas abound. Learn how to recognize opportunities as they come your way. Connect with your audience and nurture good relationships. Monitor your progress and keep your best practices. Start to act on profitable ideas right now.

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